SupremeRe

SPY breaking out of the trading range to potential move higher.

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
The SPY has been trading in a range and is beginning to breakout out of the range. I'm using the Fibonacci Extension too to tag possible profit zones. I'm long the SPY with a 1/2/1 323/328/331 Broken Wing Butterfly 21Aug20 expiration. I paid a $1.36 debit for it.

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.