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MishaSuvorov

SPY daily bullish hammer at strong support

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
MishaSuvorov Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Candlestick Analysis Elliott Wave Support and Resistance spylong hammercandle waves supportandresistancezones
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candlestick elliottwaves supportandresistance spylong hammercandle waves supportandresistancezones
SPY daily bullish hammer at strong support. My concerns are countertrend, retest gap with previous candle, shouldn't rise above wave 1 of wave 3 of the current trend. Stop loss below local lows, take profit at new resistance.

Also, selling put at market $360 strike June '25. With a current price around $40 per share I'd love to own SPY at $320.
Trade closed manually:
Went opposite direction.

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