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$SPX Trade Idea: Sept 23 7700C / 7550P
Bullish Trigger: 7638 â
Bullish Target: 7700 đ¯
Bullish Stop: 7600 đ
Bearish Trigger: 7600 â
Bearish Targets: 7550, 7520 đ¯
Bearish Stop: 7620 đ
SPX dropped to 7507 after FOMC and rallied back to 7650 by the end of Friday.
If SPX can defend 7620 this week, which was a previous ATH, we can see 7700 again. Calls can work above 7638 early this week.
A move through 7700 could set up 7800+ if we get positive news with Iran.