Weekly $SPY OptionsAMEX:SPY
Last week our $568 Calls ran over 130%. Here's what we are watching this week. Confirmations are 15-30 minute candle closes above (calls) or below (puts) our pivot.
Range we are watching: $581-$585 (Pivot: $583.50)
Bullish Scenario: $585 Call 10/28
Entry: 15-30 minute confirmation CLOSE ABOVE $583.50
Target: $585
Bearish Scenario: $582 Put 10/28
Entry: 15-30 minute confirmation CLOSE BELOW $583.50
Target: $580.90, $578, $574