SPY Fear and panic has spread in the market, but buyers ate it up by end of day (1/27). There is a gap from December 18th up to $603-$606. $603.44 is the key pivot for bulls and $591.54 for the bears.
For our weekly options trades, we use 15 or 30 minute candle closes for confirmation and stop-loss.
$603 CALL 2/11
Entry: Breakout/Hold Over $599.92
Targets🎯: $603.44, $606
$595 PUTS 2/11
Entry: Breakdown/Rejection Under $599.92 OR $603
Targets🎯: $595, $591.54
I trade live on Discord - discord.gg/pennybois
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.
I trade live on Discord - discord.gg/pennybois
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.