$SPY $QQQ good news on Iran spy opens above 662 and tests 670 tomorrow. Mid news we open 660 and test 662. Bad news we open 650 and below and test 640s.
$SPY $QQQ I bought 660C for a lotto overnight hold. Lotto size only. Only in hopes for more “good talks” with Iran with this pressure Trump is putting on them.
$SPY wasn’t a good day at all but could’ve been worse. I was able to sell at 638 with a 20% loss. We’ll come back stronger again. Accounts don’t go straight up! Haven’t had a loss in awhile either lol sorry guys
$SPY strong price action for end of day power hour. If we hold above 635 for another week I would say bottom is in. But depending on how oil reacts to news hard to pinpoint any bottom. Nonetheless until war and stuff is over I don’t think I will be holding any positions overnight
$SPY buy spot for this fake reversal is 633-635 anything else is inflated. I will sell puts around there for a slight loss. Then wait to see how it pans out. If price stables above I’ll go in on calls
$SPY $QQQ unfortunately news dropped as we bought puts. Still bearish on chart. If today doesn’t break 641.38 I will continue to hold puts for a chance for it to go back below 630 towards 625 by EOW. News isn’t bullish at all, just a bandaid over a bigger issue.
$SPY $QQQ bought April 2 648C that I will swing over weekend or sell today if we bounce towards 642. Small position don’t go heavy. My prediction was right yesterday 👀
$SPY $QQQ new lows in power hour = sign for more lows tomorrow. Risky to hold anything overnight due to Trump Twitter Fingers lol. Would love to scoop up some long dated calls around 638-640 area. That’s what my channel is looking like. See if it plays out with news.
$SPY 649.88 is key level for me today. If we hold above I will ease into calls for a day trade. Nothing overnight. If it breaks vice versa, puts day trade. Mark the level. Enjoy the day 👍🏽