Look for break of PMH and hold for CALLS and Break of PML for PUTS. It is also in a channel which provides more confirmation if it breaks either side. It appear to be forming a Bear Flag on the 15 min. So be cautious and wait first 15-30 mins. If PUTS look for SPY to come down to 646.17 if it breaks and hold that with volume SPY maybe headed to 643 territory. But in all things do your due diligence and be patient. Let the trade prove to you which direction. the range as of now is 647.84-648.98 - no trade between this range. If it decides to do calls look for 649.49-9 as first TP and if it go pass that look to recapture PDH. Let's Go. #YouGotOptions
“Discipline in trading is doing what your plan says even when your emotions scream otherwise. Consistency beats impulse every time.”
“Discipline in trading is doing what your plan says even when your emotions scream otherwise. Consistency beats impulse every time.”
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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.