Potentially. Hopefully it hits the targets during trading hours and tips its hand. I won't stay in a position when it's too close to support or resistance at end of day.

btw, 1055 on the $SPX is a fib. retracement level as outlined here in this post:

viewtopic.php?p=13480#p13480

So that's my target and I'm stickin to it even though I covered eod. I hate weekends and options. I don't think i've ever had a gap in the right direction big enough to make up for the theta burn.

Plus I sleep better not holding options over the weekend.

ug, it did exactly what I thought was least expected, a straight up from the bottom of the wedge. No downward movement out of the wedge. But SPX is just touching it's previous WW line from below, so a gap over seems likely.

we'll see.

hmm

now what? beats me. didn't throw under. Perhaps it sells off immediately from here.

Nice call. After seeing yours last night, I traced out one that is a little different. Also, I have endeavored to identify some larger patterns and potential targets. It the e-minis SPX doesn't push through it could fall a long ways. If it pushes through it could rise a long ways.

I may be taking things a wee bit far here. This is nowhere near confirmed or even started yet. However if tomorrow gaps up and runs (what are the odds of that??), above targets may be in play.

Nice. It didn't make sense to me at first but now it does. 200% extenson of the prior move, which is about the max allowable imo.

I know I shifted some lines around here but I have to wonder if another bearish one is building....with plenty of upside possible.

As a side note, sometimes it's better to be lucky than smart. I was feeling the pain and got stopped out twice with calls today, until I bought around 2 and set a stop and left the computer and returned around 4. Nice breakeven day. phew.