Long-term targets for bottom of SPX & SPY
Based off of Fib extensions and SNR next three targets to the downside are identified.
Buy long puts, but out to at least Sept and ITM or else the volatility premium will hurt.
If too extensive start with 260/255 Credit spreads out 45 days and take advantage of the premium.
Buy long puts, but out to at least Sept and ITM or else the volatility premium will hurt.
If too extensive start with 260/255 Credit spreads out 45 days and take advantage of the premium.
Trade active
When markets open sell credit call spreads in IWM 110/105 - 1/3 of Russell companies were not making money end of 4th qtr 2019!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.