$SPY EASY PLAY SOON
WE HAVE MADE A LOT OF GOOD RETURNS SO FAR FROM MY LAST IDEAS... Here's what I'm looking for next:
- I am looking for a bounce or break here around 389.95 ---> If we bounce I go short term calls but if we break I go long term puts
- Below 389.95 we can reach 380.54 which is a big move
-Below current support there is a lot of range so it is a low risk trade.
Key rules before taking entry
1) Stay Disciplined and wait for the set up and breakout
2) RISK MANAGMENT - This trade already has a low risk because above support is SL below is all green very easy here
3) Don't get greedy with profits if you have made 20% to 30% I would take that bag and re enter later
MAIN REASON WHY I am confident in the support break is because we have a gap to fill all the way down from $380 - $378.5. So the gap may act as a magnet to the breakout as soon as we break. Keeping an eye on these support levels We have the possibility oof consolidating for a bit
- I am looking for a bounce or break here around 389.95 ---> If we bounce I go short term calls but if we break I go long term puts
- Below 389.95 we can reach 380.54 which is a big move
-Below current support there is a lot of range so it is a low risk trade.
Key rules before taking entry
1) Stay Disciplined and wait for the set up and breakout
2) RISK MANAGMENT - This trade already has a low risk because above support is SL below is all green very easy here
3) Don't get greedy with profits if you have made 20% to 30% I would take that bag and re enter later
MAIN REASON WHY I am confident in the support break is because we have a gap to fill all the way down from $380 - $378.5. So the gap may act as a magnet to the breakout as soon as we break. Keeping an eye on these support levels We have the possibility oof consolidating for a bit
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.