$SPY next-week!
SPY Trade Setup 💡Target Entry: < $577
Position: SPY 574 Puts (Oct 30 Expiry)
Technical Analysis:
Multiple tests of major trendline last week = critical support level
Two potential scenarios:
Trendline Break ⬇️
Expect accelerated downside momentum
Trendline Hold ⬆️
Watch $585.27 as key breakout level
Break above = potential run to new ATHs
Risk Management:
Entry only if price drops below $577
Clear invalidation points at trendline and $585.27
A1TradeHub
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