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GoldBands
Jan 10, 2020 8:21 PM

SPY Gives 2 60 cent Trades Today on OR Breakout Short

SPDR S&P 500 ETF TRUSTArca

Description

SPY sold off today and gave 2 opportunities at hitting the 60 cent price target.

The first one was the close of the 30 minute 8 am PST candle. The second was when price failed to close back in the OR and there was a doji on the 10:30 candle.

If you buy puts on SPY, you could have easily made 20% or more on each. :-)

FYI, the chart on the left shows my 2 Bollinger Band strategy. The faster BB is based on a 55 period Hull Moving Average with a 0.5 band. The longer term BB is based on a 55 period Wilder Moving Average with 1.7 and 2.0 bands.
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