The strategy is to get in at exact bottom of SPY SPX after a massive sell-off and SWING
The strategy is to get in at exact bottom of $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ after a massive sell-off and SWING.
The hard part is to wait for the bottom to come in after selling.
$540 on SPY chart is a major level where buyers step in to hold support.
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Knowing this we called out the exact bottom of the market on Sept 11 with our trading community LIVE and it was alerted here.
You should REVIEW the time and the post to understand what is happening:
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The SECRET to the reversal for SPY SPX options is to watch for buyers step into market on the 5min and longer time frames like 15min or 1HR
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This is 1 more scenario where you see SELLERS leave the market and then the market rips upwards:
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BONUS rule:
Always take entry at the SWING LOW and use 1-2 days expiry and AT THE MONEY.
This allows you to HOLD longer without panic and set a stop loss at the bottom of the SWING LOW candle.
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The BIG play for is Sept 18 for FOMC. We think the market will most likely break all time highs.
BUT, it will depend on how CAUTIONARY JPOW will sound when he announces a 25bp cut.
SPY should break 5800 by the end of year especially if TRUMP wins the election.
Disclaimer: Trading is extremely difficult. You most likely will lose all your money before you make money.
Trading results are all performance based and depends on many variables. The chances of you duplicating these trades actual results are unlikely.
https://x.com/SuperLuckeee/status/1835288756095422520
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