prozor7's week plan:

prozor7's week plan:

good morning/day to all !
for SPX week range i would say 875-925 this is a week "point of no return". gap down from Thursday could be easily bot back but at the same time we could crash to the 822 on SPX. Monday EOD is very important for this month trading.
huge range for a week, it is going to be nasty, we could win/lose a lot this week, I would be very careful RR is to big for me and I will not buying anything first 1-2 hours it is also possible that I will not buying anything till EOD and will hold overnight. in a both cases I will post as soon direction is clear to me.

what is the plan then:
I can't clearly see day range for SPX before opening Monday, lot of things could happened during long weekend ("yes they can" regulations...)
if SPX open with gap up @ 904.50 we could see 910 in a no time then first resistance is @ 918
I will start accumulating SPY AUG PUTS

1.1 if SPX open with gap down @ 892 first resistance should be 887 if we bust that 875 is unfinished business from 05.04.2009. I will buying SPY JUL CALL @ 880 if we break 873-5 will dump all

1.2 if SPX open with huge gap down @ 887 we could see 875 in a no time I will buy SPY JUL PUTS target 822

P.S.
FSLR look as nice RR call opportunity @ 152 target 165 if it go below 149 dump all, next target will be 146 - what do you think
XLF target to watch 11.35 if we bust market will go down

opinion ... like ***** e1 has it

folks, remember Monty Python:
"Nobody expect the Spanish Inquisition" there's cheapest weapon are: surprise, surprise and fear, surprise, fear, ruthless efficiency... :)