This video explores the trade idea we provided our community members over the weekend.
We traded
SPY Put Debit Spreads (PDS) with a max profit target price of $407. Amazingly, SPY when as low as $404 today before retracing back up to $407. This marks the second leg of our trade for SPY, making both forecasts for the ETF a success.
Though the other indices have retreated lower, we still have a little ways to go for the
IWM and 
QQQ to be considered successful forecasts. We feel confident that both ETFs will reach the indicated price target in time.
Tune in to our next video and trade idea.
We traded
SPY Put Debit Spreads (PDS) with a max profit target price of $407. Amazingly, SPY when as low as $404 today before retracing back up to $407. This marks the second leg of our trade for SPY, making both forecasts for the ETF a success.Though the other indices have retreated lower, we still have a little ways to go for the
IWM and QQQ to be considered successful forecasts. We feel confident that both ETFs will reach the indicated price target in time.Tune in to our next video and trade idea.
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.
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.