$SPY
Stuck in this range between 444 and 431. Filled the previous day's gap and have a Pin Bar on the daily.
Overall bullish trend but may scalp some puts intraday. A BOS can lead to potential swings below 430.
$NFLX
Overall bullish trend, resistance at 460 level. Above 460 gap fill towards 507. WW this week.
Calls above 443 and Puts below 430 (Inside Bar on daily time frame)
Killed it with $SPY
.33 to highs of .82 currently.
Left runners to hit my next target of 416.
Over 140% so far!
Played the 418 break after data was released.
*FED MINUTES SHOW OFFICIALS SPLIT ON SUPPORT FOR MORE HIKES
*FED OFFICIALS STRESS DATA-DEPENDENT APPROACH, CUTS UNLIKELY
*FED: OFFICIALS SAW TIMELY DEBT LIMIT INCREASE AS ESSENTIAL
The last 2 weeks have really tested my patience in the market. Earnings season and lots of misdirection have been occurring. To combat this i’ve been :
- Scaling into a position
- Having proper stop losses
- Proper sizing
- Only taking A+ Setups
This was KEY to a shift in MS.
$SPY
Large supply zone up here leading into 418.30. This is inevitably a bull trap. Max we can see on Spy is 420. Bears need to take back and get below 414 to see some selling pressure kick in. Keep in mind to REACT, not PREDICT and with that being said trade safe!
$SPY
Been stuck in this range between 410 to 415. We couldn't break 412.50 on Friday meaning bulls got weak. High chance we break 410 leading into next week. If thats the scenario, puts below 410 can work towards 407/406 demand. Following is 404 then 401. Safe trading my friends.
$SPY
4/21 411P
.44 to 1.32
Risk (stop) was .36
Caught a 200% gain by grabbing puts at premarket highs (resistance) of 412.4 and riding to 410 demand.
Scaled out along the way to reduce risk and secure profits.
Great trade nonetheless.