• I had swung a SPX call for a nice gain, and am now back to holding another call position overnight.
• Holding SPX 3830 call for 07/14

• The market had a nice spike to 380 near the open and dropped quickly to the high 373 area. That quickly found support and hung out at 376 for hours. 
• We finally had a nice upward move in to the close to above 381. 
• A good ol' fashion low volume, holiday weekend pump

• We have some landmines on Wednesday and Friday that we need to keep an eye on.  
• Jobs Data on Wednesday
• FOMC Minutes on Wednesday
• Nonfarm payrolls data on Friday 

• SPY Technicals - We are almost overbought on the 30 min and 1 hour timeframes, but not there yet. Neutral on the 4 hour and Daily charts. 
• SPY Technicals - 380 level is a major Weekly Fib Level. That is THE level to watch. 
• SPY Technicals - We got a few more Fib levels to keep an eye on from the 417 to 362 recent trend. 

• With no pending economic data for Tuesday, it is back to playing the technicals and levels. 
• I am in calls and will look for a 383.28 (Fib level) test. If we get that, I will sell my calls. 
• It is all about the levels for me. 380 is a big level, if that breaks, we can look at puts possibly to the 373 level. 
• A 385 break and I will look at calls until 390 (another Fib Level).
• Pretty clear path here with these levels. 
• As always all of this is my opinion and not financial advice. 

• $SPY - levels 373 > 376 > 380 > 383 > 385 > 390
• 30 min chart with the levels I am looking at.