EASY PLAYS $SPY 9/16- 9/20
- Very High chance that price will make it to ATH (All time Highs) Next week. Price action has been strong and bullish.
- Remember, In order for a valid breakout to be confirmed we need a clear break and retest or a strong close above $565.16.
- Price can also reject from all time highs which is also possible as we can see the buying volume has been dying down and we are falling into a divergence.
- With these TWO scenarios given we must analyze price action and adapt to the markets as price goes.
- To keep it simple Puts below $560.50 and calls above $565.26 WITH 1-2 CANDLE STICK CONFIRMATIONS ON AT LEAST 15m
- Remember, In order for a valid breakout to be confirmed we need a clear break and retest or a strong close above $565.16.
- Price can also reject from all time highs which is also possible as we can see the buying volume has been dying down and we are falling into a divergence.
- With these TWO scenarios given we must analyze price action and adapt to the markets as price goes.
- To keep it simple Puts below $560.50 and calls above $565.26 WITH 1-2 CANDLE STICK CONFIRMATIONS ON AT LEAST 15m
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