AMEX:SPY   SPDR S&P 500 ETF TRUST
Here's SPY levels on the 1 day chart before FOMC minutes at 2pm today: 11/15 & 11/23 sure looks like a double top pattern

SMA20 Triangular Trend Channel
top = $419.35
R3 = $411.59
R2 = $403.82
R1 = $396.06
pivot = $388.29
S1 = $380.53
S2 = $372.76
S3 = $364.99
bottom = $357.23

SMA50 = $377.99
SMA100 = $390.54
SMA150 = $393.27
SMA200 = $405. 01

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
https://www.tradingview.com/u/growerik/#...
Comment: SPY Theta play Sell weekly straddles idea until Wednesday 11/30 noon and then open it up before Powell speech at 1:30pm. Also, adding strike and/or expiry positions until then. I'm not expecting too much movement besides sidewaysish until Wednesday's catalyst event.
buy 403 call 12/2 expiry
sell 400 call 12/2 expiry
sell 400 put 12/2 expiry
buy 397 put 12/2 expiry