Get started
OptionsRising

Watch SPY to hold 444 and Buyers to return

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
OptionsRising Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Technical Indicators
8
1
trendanalysis indicator
Yesterday SPY found buyers on break of 444 and made a sharp move up. I am watching to see if same happens. If so NVDA and TSLA may see a nice push up too.
Comment:
SPY struggling to hold 444 but has not yet broken yesterday's low. I bought TSLA puts to go down to daily 20sma
Comment:
Clarification - The TSLA puts are in case SPY breaks 444, it may not and I will exit TSLA puts if I do not like price action.
Comment:
Oddly enough, buyers came in just a few minutes after I said SPY was struggling. So I quickly sold the TSLA puts for a loss and bought SPY calls that made a nice afternoon day trade.
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.