Hello Everyone,

Quick Summary:

First of all, let be begin by wishing everyone a Happy Mother's Day.  Wishing all you mother's a terrific day.

Last week began with some early weakness with the SPX declining over 100 points into Wednesday low at 5579.  Then buyers stepped in on Thursday with the UK trade news acting as a catalyst taking the SPX up to new recovery highs (5720) before easing back some on Friday to close the week at 5660. Overall, the SPX/QQQ has remained largely range bound over the past seven trading sessions (see SPX/QQQ 30 minute charts in newsletter/trading community post). 

The implied move for the upcoming OPEX week is 132 SPX points, with nearly half priced in for Monday as we await the outcome of the important US/China trade talks underway this weekend. This week we have key inflation data along with a host of Fed speakers to augment ongoing tariff negotiations. 

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.