Learn 3 MASSIVE SPY set-ups in 3min
Your life will change making $30,000 trading in the next 3 months.
But most traders are focused on the wrong set-ups.
Learn 3 MASSIVE $SPDR S&P 500 ETF Trust(SPY)$ set-ups in 3min here 🧵
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These 3 strategies work best when:
SPY stays above $540 and the 200SMA at all times on the DAILY time frame.
• On bullish days when Nasdaq, SPY and IWM are all gapping up.
• From 9:30am to 11am EST
• On the 5min time frame
• Scalp going LONG SPY calls only
1. buying the dip
Keep this SET-UP simple.
All you need is 2min-5min time frame and the VWAP.
As soon as the downtrend is broken and it crosses the VWAP at the same time.
This is your entry.
This happens on most REVERSAL days.
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2 Watch for BIG BUYER to step in to the market.
These are signs of buying pressure and as soon as the BIG BUYER moves into the market the BEARS start to hide then you know a big up move is coming.
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3. Always study HIGHER time frames so you can see the market sentiment.
You can see SPY climbing here in the last 15 days, but if this trend is broken the market will sell off here so getting calls would be less PROFITABLE.
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My Golden Rule for SCALPING options:
Whatever price you think its going to choose a LOWER strike then target.
However long you think it will take to get there choose MORE time and expiry.
This will massively help you in an UPTRENDING bull market.
🧵BONUS trade:
FEDS are now paying attention to labor market. This Friday, I believe the data will come in weak and the market will not like it.
So the plan is to add puts for Oct 8 $560-$570 anytime the SPY goes above $575.
This trade is RISKY.
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https://x.com/SuperLuckeee/status/1840353889318506561
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