SPY has a very clean cypher, I will play this with layered options to control risk. Watching 786 level/ trigger of this cypher and my final target will 886 of the bearish bat pattern highlighted🎯Calls on watch
SPY 380's, 390's & 420's. Calls will be bought layered different strikes. I will post upon entry on price action confirmation @ trigger level= SPY$ 361-362.25$ level. Remember to always look left for demand/structure @ trigger level (786 Fib). Please see chart for details
Tp1 Stop is even (382)
Tp 2 (618)
Tp 3 (886 of larger Bat pattern)
Stop Below X
Please let me know your thought's on
SPY Thanks for looking & Happy New Year to all 🎆
Good luck 💸💸💸💸💸💸💸💸💸💸💸💸💸💸
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.