SPY daily bullish hammer at strong support
Updated
SPY daily bullish hammer at strong support. My concerns are countertrend, retest gap with previous candle, shouldn't rise above wave 1 of wave 3 of the current trend. Stop loss below local lows, take profit at new resistance.
Also, selling put at market $360 strike June '25. With a current price around $40 per share I'd love to own SPY at $320.
Also, selling put at market $360 strike June '25. With a current price around $40 per share I'd love to own SPY at $320.
Trade closed manually
Went opposite direction.
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