Good Morning, Here is my plan for December 7th for 0dte on the QQQ symbol. I have outlined some personal levels of support and resistance on chart including yellow horizontals to provide better visual of entry and exists. We want to hit the long when the price breaks or dives below 385.26 We want to go short when price breaks or shoots above 387.70 As of the...
Not to say it won't go higher this week depending upon what happens with earnings from major movers but also what J Powell has to say. However also do not forget while everyone with larger accounts on X may be telling you we now bounce back to much higher levels before they even begin to watch for rejection. Some of those same accounts that said support was at...
TLT as shown on a 30 minute chart shows TLT in a narrow range last week and then a pivot down to begin this week followed by a downtrend and a small correction until then the fed news of the rate hike came out. Today the general market dropped after some federal financial data came out and a treasury auction was a dud bond auction with little...
💡 SPX Beyond 0dte Trading - Oct 28’22 3885 20Wide Butterfly Debit: $85 Max Profit: $1,915 *Will be scaling into the position with multiple tranches. Hey everyone!, I have been trading alot of 0dte Butterfly Spreads with much success and given the attractive risk/reward profile I've been using this strategy for swing trade ideas primarily on SPX. The notes below...
💡 SPX 0dte Trading - Oct 26’22 3770/3775 3890/3895 Iron Condor Credit: $85 The 1H has remained in overbought territory since last Friday and is overdue for pause/pullback. $3,900 remains the key level on the upside and is considered our best case scenario this week. On the downside, $3,800 is now strong support. There is positive drift if SPX remains above the...
💡 SPX 0dte Trading - Oct 10’22 3575/3580 3680/3685 Iron Condor Premium collected: $95 per contract A key level on the downside remains $3,600 and $3,700 on the upside. We don't see a reason for participants to get overly convicted one way or the other or sell volatility until there is more clarity on inflation and ultimately the forward path of monetary policy....
SPX 0dte Income Trading - Jan 14’22 4660/4665 Bear Call Spread 💡 SPX Jan 14’22 4660/4665 Bear Call Spread $85 Premium Received (per contract) 80% Probability of Profit (at entry) 12:46 PM Time of Entry New Trades Every Monday, Wednesday & Friday ✅ Consistent Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk