SPY| Key Levels and trading Strategy

٣٠ أغسطس ٢٠٢٢

SPY

My dear friends and traders, here is my idea about trading the SPY by S/R levels; I have an exact entry point, as you see on the chart, but my exit point is an area, and I make a decision based on the market price action.
I hope it helps you.

*Buying at the money option contract with an expiration date of at least 60 days.
* Hedge the position by UVXY shares or long-term contracts.

Regards,

٢٤ سبتمبر ٢٠٢٢

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