$SPY 10/9 - 10/13
We have had a relief rally here last week of non stop pumping, premiums get spiked up and we can't really make much, now put options are cheap and we can look for an opportunity on some puts BUT,
keep in mind that we are still fussin around with the $429 $430 ZONE and we need to give it a day or 2 to wait for some clear direction.
2 things to watch
- The $429 $430 zone REJECT
- The $429 $430 zone BREAKOUT
Very straight forward week we follow price wherever it takes us and LET the trades come to us. once we breakout or reject we can look for set ups on the smaller time frames
Catalyst events next week:
-PPI 7:30am 10/11
-FOMC meeting minutes 1:00 10/11
-CPI 7:30am 10/12
-Consumer sentiment 9am 10/13
keep in mind that we are still fussin around with the $429 $430 ZONE and we need to give it a day or 2 to wait for some clear direction.
2 things to watch
- The $429 $430 zone REJECT
- The $429 $430 zone BREAKOUT
Very straight forward week we follow price wherever it takes us and LET the trades come to us. once we breakout or reject we can look for set ups on the smaller time frames
Catalyst events next week:
-PPI 7:30am 10/11
-FOMC meeting minutes 1:00 10/11
-CPI 7:30am 10/12
-Consumer sentiment 9am 10/13
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.