Long - Price went below trend-line and bounced. Sorry I did not post this chart sooner. If you was following my other charts you would have known to long 4 days ago once price went under trend-line. Try and wait for pullback first.
21 days ago a call was made to short this stock and we discussed when to go long on this chart. ---->
Any pullback near trend - line or under is an automatic buy signal, if we have that much pullback. Buy when price holding and not in free fall. If buying options, buy insurance as well.(Puts 5:1 ratio or 4:1 ratio) Just in case free fall then still profit.
I am thinking right now I need to see more price action first. I am thinking that if govt deal is announced and I heard their will be pmo today price should go up. But the govt issues rock this stock every time someone open their mouth about a meeting. If agreement reached I will sell on the news, and expect 4th Jul bots to celebrate. So news is affecting this stock heavily. I have 30 calls and 10 puts as protection.
Price has been very choppy today. As I type SPY is now $170.20 in after hours trading. Hopefully govt issues get resolved and price can act like normal. Vote tonight so that is going to determine direction of price. May gap up Wed, if debt limit vote is approved tonight