$SPX TRADE PLAN π π
SPX bullish plan: SPX above 7800 | SPX Aug 19 7850C π T: 7850, 7870 SL 7770
SPX bearish plan: SPX under 7700 | SPX Aug 19 7620P π T: 7620, 7600 SL 7730
SPX ran to 7817 this past week but failed to close above the 7800 resistance.
SPX finished up its 8th day of consolidation since FOMC.
SPX needs to get through 7800 to set up for a move to 8000 this year.
Calls can work above 7800 this upcoming week.
If SPX gives up 7700 it can drop to 7620 again.
Puts can work under 7700 this month.
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