SPY DAILY CHART AND GAME PLAN
Bullish: If the level surpasses 451.50 and continues to create ascending lows, we're well-positioned to aim for sealing the gap created by the Fitch rating downgrade. 455C will work with 24NOV23. I will be taking ATM.
Bearish: Should the level dip below 448, moving into the gap below, we anticipate the possibility of the gap filling towards 441 as a result of the CPI release. 441P will work with 24NOV23. I will be taking ATM.
Disclaimer: The content shared here is for informational and educational purposes only and should not be construed as financial or investment advice. The trading ideas and strategies discussed are solely my opinions and personal insights and are shared without consideration of your financial situation, investment objectives, or risk tolerance. Trading in financial markets involves substantial risk, and there's always the potential for loss. I am not a licensed financial advisor, and my insights are not tailored to individual needs. Before making any investment decisions, it is recommended that you conduct your own research and consider consulting with a qualified professional. Past performance is not indicative of future results.
Bearish: Should the level dip below 448, moving into the gap below, we anticipate the possibility of the gap filling towards 441 as a result of the CPI release. 441P will work with 24NOV23. I will be taking ATM.
Disclaimer: The content shared here is for informational and educational purposes only and should not be construed as financial or investment advice. The trading ideas and strategies discussed are solely my opinions and personal insights and are shared without consideration of your financial situation, investment objectives, or risk tolerance. Trading in financial markets involves substantial risk, and there's always the potential for loss. I am not a licensed financial advisor, and my insights are not tailored to individual needs. Before making any investment decisions, it is recommended that you conduct your own research and consider consulting with a qualified professional. Past performance is not indicative of future results.
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