$SPY bulls in charge? maybe for now..

١٣ أغسطس ٢٠٢٢

SPY momentum has been strong for the past few weeks. after the market switched gears to the upside after the government lifted off the covid restrictions this summer, and ok earnings in some of the big tech stocks couple weeks ago. i believe after the restrictions got lifted off, it helped the economy to get back on its feet. but despite the covid restriction being lit off, it created massive supply chain issues, and inflation. this is due to massive back log of the supplies that didn't get sold in the past 2 years because of the covid. Also, small businesses try to make up for the loss of profits during the pandemic.


here's my day trade price target for SPY on FRIDAY 08/15/22.


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For calls; buy above $429.17 and sell at 431.28 or above


For puts, buy below 426.49 and sell at 424.17 or below

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