VladimirMendoza

SP500 CAN RISE TO 2800

FX:SPX500   S&P 500 Index
You can see that SP500 is trying to rise to 2800 points but there is a strong resistence in 2738.
But the pattern working right now is showing the posibility of break the 2738 resistence and rise to 2793 (at lest) or few more until 2800 points.
Support Line is going to third confirmation and if this confirmation work, then is so very probable that SP500 rise to 2800 points.
The you can go in first stage with PUT Future Options to 2700 strike, sold in the first droping, wait for a correction of the drop and buy more puts and wait for new drop and sold your puts.... and go on, again and again. When SP500 will be near to 2650, stop buy puts and buy Calls. It can be work well.
But, first watch what happen Sunday in the night or Monday in the morning.
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.