Market Forecast

Close of SPX should be above 2052
1st Target High above 2057
2nd Target high above 2062
3rd Target high above 2067
These are the key levels we will be watching in our trading today.

Trading Strategy

We plan to Buy to Open .SPXW160525c2060 (SPX Weekly Option call Strike 2060) at limit price of 7.10, looking to enter after 9:35 EST.
We will be looking for at least a 50% profit and about a 60% stop
Caution is urged if any target high is hit and then falls back below 2052

We wait till 9:35 EST to enter our trade, and normally enter the trade at a much lower price than our limit shared above. Each trader must pick their own exits based on risk tolerance and market conditions. We often employ a trailing stop when our profit goals are hit or SPX price targets are reached.

Make it a profitable day!
SPX Option Trader