WillNixTrading

Stimulus Pop. . . SPY

Long
WillNixTrading Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Going out on a limb, and this is admittedly a tricky play . . . j

Tight Stop Losses and Quick Take Profits are going to be key.

Im targeting a price spike as shown by the red box, resultant of a successful vote in senate at noon. Im setting Stop Losses towards the bottom of the trend channel . .

I have a 'BulkHead' buy method in place, with more purchases setup as Buy Stop Orders if the price goes in my direction

A quick trigger finger to exit will be key.

Good Luck
Trade closed: target reached:
Had to hold overnight, which wasn't ideal, however, all is well that ends well.

Target Reached.
Comment:
Slight adjustment though, i did actually lower my target box when we didnt reach yesterday. . . I don think anyone is following this trade, but, just in case.
Comment:
Will Likely still break into the original target box anyway
Trade closed: target reached:
Hole in one

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.