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SPY WEEKLY OPTION BOUGHT ON BREAK OF 204 SUPPORT

SPY WEEKLY OPTION BOUGHT ON BREAK OF 204 SUPPORT

SPY APR 8 204 P @ $.90
bought on break below 204 support
Also proprietary TOP signal received this morning

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topandbottomtradesignals.net

Note

Would like to see SPY break below 203 with 202 as a target

Note

Bounced off 203
Will see how end of day goes and what happens expiration day tomorrow.

Note

SPY Support at 203
Close to getting proprietary BOTTOM signal
$1.30 option high for the day
Will see what happens tomorrow - expiration Friday

Trade fermée: ordre d’arrêt atteint

I always strongly recommend using trailing stops to protect profits and limit loses.
This position is no different and the position would have been closed yesterday with a profit.using a trailing stop.
SPY 203 turned out to be a bottom.
WE now have a proprietary BOTTOM signal.
Obviously opening a long position at the end of the day yesterday would have been the prudent thing to do.

GIFTEC

Trend analysis, momentum shifts, and reversals, pinpointing potential breakouts and price runs. They're built to educate and empower traders—helping them understand real-time price action, recognize opportunities, minimize losses, and maximize profits.

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GIFTEC

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