S&P 500 IndexEducation
SPY heading for 190 LT and Daily Chart analysis. Watch IWM
SPY is clearly heading for retest of March low and then if that is not cleared it will likely find support around 170.
Look at channel, Fib extensions and channel. All say the same thing.
If Puts are too expensive sell 260/265 call credit spreads to take advantage of the increasing volatility.
Do not put puts unless they are deep ITM and far out (i.e., Dec)
Russell stocks (IWM) are weaker as 1/3 of these companies were not making money before the market crashed.
Always pick the weaker index.
QQQ is the strongest with the chip stocks rallying a bit.
Look at channel, Fib extensions and channel. All say the same thing.
If Puts are too expensive sell 260/265 call credit spreads to take advantage of the increasing volatility.
Do not put puts unless they are deep ITM and far out (i.e., Dec)
Russell stocks (IWM) are weaker as 1/3 of these companies were not making money before the market crashed.
Always pick the weaker index.
QQQ is the strongest with the chip stocks rallying a bit.
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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.