For Monday's trading, SPY is predicted to target resistance levels at $530 and $532 for an upward move. Support levels are identified at $526, $524, and $520. If SPY fails to break $530, it is predicted to drop to $526, $524, or $520. A gap up or gap down is also expected for Monday.
"Put this level on your chart for Monday. ... 530 is resistance one. 532 is resistance two. Put those two lines for the upward move for Monday... I want you to have 524 as support. And then support number one is going to be 526. So 526 524. And then I'm going to just make the ultimate support number three at 520... If we can't get above 530, then you buy a put here and you take it down and you know it's going to 526 or 524. The ultimate drop is going to be 520. But listen to this guys, on Monday, you got to be looking for a gap up for me."