TradingView
Needlez33
Jun 5, 2022 7:09 PM

Short around $415 Short

SPDR S&P 500 ETF TRUSTArca

Description

This has proven to be a level of resistance multiple times. Sure it can break through but it will be a false breakout since by then it will be overbought. Perhaps after it retraces from there it can truly break. For the short term I'm going with shorting at $415 to $410 SL $418. This is a scalp I plan to do if everything goes as planned. I will post my entry and exit here.

Trade active

Placing call credit spreads at $420/$421 DTE wed

Trade closed: target reached

Comments
CapeAfrican
Very similar idea - I posted - same levels on spx...Good luck with that ...
Needlez33
@CapeAfrican, well it worked. I didn't post any naked options here but the credit spread i did post was solid. How did your day go?
More