SPDR S&P 500 ETF TRUSTUpdated SPY Stalling?
SPY stalling just below the 332 level. RSI flirting with the overbought line and MACD seems to be slowing momentum. Looking sell a quick Call Spread Spread at 335 with 1DTE.
Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Trade active
In at 1151 EST for .11 credit per contract.Note
SPX printing a MACD cross to the negative side. Will have to see if SPY follow suit. Trade closed: target reached
SPY challenged this call all day long but finally settled OTM.
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Disclaimer
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.