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The_SPY_Who_Shagged_Me

MOMENTUM TO THE UPSIDE ON $SPY

Long
SPDR S&P 500 ETF TRUST (BATS:SPY)  
The_SPY_Who_Shagged_Me Updated   
BATS:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators Contains IO script
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trendanalysis chartpattern indicator containsioscript
Notice a signal for some calls on $SPY. When the 15ma (BLUE) crosses up the 60 MA (PURPLE) while momentum is above 2 usually indicates a run up. Ive played this multiple times with more success than fails. Will wait for an entry if PA comes near trend line. Looking a week out calls probably around $520s
Comment:
Staying a little cautious on this. PA kept a decent divergence from the MAs which could mean we see a drop tomorrow which would make it a sweeter price for some Calls but depending on how bad it drops, might hold off.
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