• I had swung a SPX put for a nice gain, and am now back to holding another position overnight. This time it is calls. 
• Holding SPX 3770 call for 07/11

• PCE came in right at expectations with the Core coming below it. That was a pretty favorable reading all things considering. 
• The PCE spending did go down for the first time since December and I believe this is what led to the initial sell off at the open. 
• SPY dropped to 373 and started to catch some bids down there. It then went on an absolute tear all the way back to 380. It tested 380 a few more times but ultimately got rejected. 
• This was the end of the quarter so there were a lot of wild swings happening in the final minutes. 

• PMI numbers in the morning, but nothing major at all heading into the holiday weekend. 
• There are no major economic data releases until the Jobs data next Wednesday. 

• SPY Technicals - Neutral on all the major timeframes. 30 min, 1 hour, 4 hour and Daily charts. 
• SPY Technicals - 380 level is a major Weekly Fib Level. That is THE level to watch. 

• With no pending economic data due for a week, it is back to playing the technicals and levels. 
• I am in calls, and honestly I have this absurd level of confidence in them. I do not see much in the way of a low volume steady uptick movement with the holiday weekend approaching.I am keeping an eye on the following items:
• If the DXY gets above 105, exit any calls and scalp very short term put plays. 
• If the QQQ breaks under 275, exit the calls and sit on the sidelines.
• If the VIX breaks above 30 and holds it, exit calls.
• If any of these 3 scenarios present themselves, then my calls are toast. But until then, I have no reason to sell them until the next data release. If this turns into a bear market rally, my target is 400.
• I don't see much opportunity for puts at these levels, but if some unforeseen event presents itself, then I will adjust and switch to puts. 
• As always all of this is my opinion and not financial advice. 

• $SPY - levels 363 > 368 > 370 > 373 > 376 > 380 > 385