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SPDR S&P 500 ETF TRUST

SPY Options: Bull & Bear (Week of December 16)

88
SPY
Short-term we are looking at a downside trade as we want RSI to cool off a bit. Key levels at $607 and our key pivot of $604.25 last week.

📜 $604 Put 12/31
Entry: Rejection and 15-min close UNDER $607, entry off retest of resistance
🎯 Targets: $604.25, $603.37

📜 $608 Call 12/31
Entry: Breakout and 15 min close OVER $607, entry off retest of support
🎯 Targets: $608, $608.50
PennyBois
I trade live on Discord - discord.gg/pennybois
Also on:
Chart PatternsoptionstradingSPDR S&P 500 ETF (SPY) spyoptions

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsoptionstradingSPDR S&P 500 ETF (SPY) spyoptions
PennyBois
I trade live on Discord - discord.gg/pennybois
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.