Rona was the 4th down of the larger degree. 1 up of the large 5th is in. 260 270 buy of a lifetime.
Can short starters then add on lower highs
Om Namah Shivay Brothers, Let us discuss on "How to Trade the Gaps" - ( part 1 ) During the trade progression, many gaps happen. There is no hard and first rule to restict them based on count, or based on where gap can happen / where it can not happen. There is nothing like that. Gaps can happen anywhere during the trend. Say we want to...
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A perfect ascending triangle has been created on 1hr. SPY. Expecting a downward move.
Momentum in trend looks weak. RSI with clear bearish divergence and follow up by red candle, with small consolidation on top.
Buy SPY 292 Puts expiring tomorrow at $0.80. Likely to break the support below.
Buy for Intraday EOD Tgt 2836; SL - 2830