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OptionsElite
About me The #1 options trade room on wallstreet. We believe that the best traders are educated ones; so we not only teach our clients how to trade, but we also show them what we are trading so that they can profit through the learning process.
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SPY 50% | 1 PBF 50% | 1
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PBF Trade Idea
PBF
, DLong
PBF: PBF Trade Idea

Looking for price to test daily support and then reverse back up into confirmed resistance filling the daily gap.

SPY Game plan to follow FOMC data
SPY
, D
SPY: SPY Game plan to follow FOMC data

SPY higher time-frame trend is bullish, but up against all time highs. Historically the reaction to FOMC data, over the last 12 months, has sparked a significantly bullish market reaction. The two areas market on the charts are what I see to be critical support and critical resistance. A strong break of either of these levels would justify a play off of the retest...

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