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SPYder_QQQueen_Trading
Jan 24, 2022 6:47 PM

$SPY Trade update Long

SPDR S&P 500 ETF TRUSTArca

Description

SPY Trade update

Alright… quick scalp… LOL
Bought 31 Mar 426 calls @18.50
Looking to close by end of day….

GL, y’all







——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.

If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)


Have fun, y’all!!

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Comment

And out at 20.21.... yikes this market is weak. Bullish plays are risky right now... 😬
Comments
shkspr
With all respect, I believe it’s a bull trap, it’s going to retest 420$ again, be cautious
SPYder_QQQueen_Trading
@shkspr, Oh I ABSOLUTELY agree... It doesn't show up easily but if you look I added a comment that I'm already out... from 18.50 to 20.21... and I had a handful of out of the money calls that I bought (They were so cheap on Friday) and i sold those today too (took 50% on those)... I definitely think this market is going lower... I was just throwing on a few rebound trades because it came down to Target 5... I've got as low as 375 on my radar... but that's as far as I've analyzed... and I don't think it will get there in a straight line. . . Thank you for looking out, my friend. ☺️
UnknownUnicorn32969573
@LadyAmalthea12, i predict spy being slightly bullish tomorrow because the vix printed a correction candle today ... but i think it will be a bull trap .... i think wednesday we top out at resistance early in the morning around 450 and then head back down throughout the day slowly until we get the meeting and then start selling off
shkspr
@LadyAmalthea12, nice, good job as always.
Original_Stock_Whisperer
@LadyAmalthea12, I told you last week.. youll be sorry for closing out those puts. Please do not think 375 is the bottom. Like I told you dont buy square and that lulu still has much lower to go. :) Do yourself a favor.. get those moving averages off your chart :) Good job today on getting rid of those calls though. You will be happy you did. This week is going to slam down pretty nice.
SPYder_QQQueen_Trading
@The_Stock_Whisperer, Oh man... I know!!! LOL!!! I often take profits at my targets and I rarely hold past that but today I was like, well dang... Hopefully I can play the volatility and get back in at a decent premium!!! Looking into April now... would have served me better just to roll out... ultimately, no regrets, but yes, that would have been great!! Have an amazing week, my friend.
Original_Stock_Whisperer
@LadyAmalthea12, you as well! The momentum is starting to look good ... no fomo, no fear. Listen to your gut! In the past, I missed out on thigs cutting it to soon. Listen to what you know and I think you know!
Original_Stock_Whisperer
@shkspr, it is a bull trap.. well its not a trap. Its pretty clear where things are heading to.
shkspr
@The_Stock_Whisperer, unfortunately I'm not talented enough to read market clearly. :(.
mommymiles
I wanted to swing over the weekend & it hit my month support perfectly (purple). I'm trying to learn demand zones & your $375 prediction lines up with my chart. 🤯💡

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