SPYUSD trade ideas
S&P 500 Long entry with excelent R/W ratioHere im basing myself on the theory of third quarter triangle breakout strategy, in where a triangle breaks out in the third quarter of a trend and this gives quite reliable trade entries.
I'm getting into this now because of the formation of the squeeze to the positive with good adx and the obvious triangle along with the W formation as double botton.
SHORT SPY - Resistance with Heavy VolumeYou can sell short S&P 500 ETFs like the S&P 500 Index (SPY). But this strategy can be risky, since losses on short positions in stocks, ETFs, or stock index futures are potentially unlimited, and may be subject to margin calls. However, there are times when a bearish bet against a benchmark stock index, such as the S&P 500, is appropriate. Buying Puts is one option, get it! also otm put calendar debit spreads may be worth watching.