Lottos for 550 strike trading
I think there's a chance this could be a bull trap in SPY and the rule here would be the more aggressive the rip the sharper the drop.
This is all coming off a big support level. It does have to be respected if we don't drop here a low or a range may be coming.
But if this is a bull trap - a big blitz will come.
Positioned with a bunch of short term OTM lotto puts.
This is all coming off a big support level. It does have to be respected if we don't drop here a low or a range may be coming.
But if this is a bull trap - a big blitz will come.
Positioned with a bunch of short term OTM lotto puts.
Trade active
I think this is going to bounce. Taken profit and long 580.
Will try again if we rally.
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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.