How To Trade SPY’s Inside Bar & Bull Flag Breakout?
@ZEROHERO:
$SPDR S&P 500 ETF Trust(SPY)$ About 36% gain taking calls and puts riding S&P 500 ups and downs. ⚠️ Looking at calls above 412.75 towards 414.89, 416.49 and puts under 408.3 towards 406, 404 on Tuesday. Market is expecting inflation to cool off from Wed's CPI & Thu's PPI readings. Megacap momentum stocks dragged the tech-heavy Nasdaq slightly lower, while industrials helped boost the blue-chip Dow into green territory. The SPY opened lower on Monday but ran into a group of buyers who caused the broad market ETF to rise from its low-of-day. The trading action caused the SPY to print an inside bar pattern on the daily chart. The bellwether S&P 500 ended the session nominally h