Here’s my favorite way to find and execute plays on weak stocks
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ Here’s my favorite way to find and execute plays on weak stocks
This simple approach is highly slept on and has been delivering us great trades for years! Here’s how it works.
Watch these 2 key support levels…
• Previous Day Low
• Pre Market Low
If the price of a stock is below both of these key levels, it’s a prime candidate for continued weakness that day. Focus on puts!
From there I use the same basic principles of the 2 minute strategy that I teach on here daily to find my entry points and play the trend.
Here’s a detailed example of this exact setup from today on IWM 👇
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https://x.com/cs_tradess/status/1801501870814597160
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- Brando741319·06-16GoodLikeReport