Replies to post #355656 on SPDR S&P 500 (SPY)

[Ferda]

“Do not try and bend the spoon—that's impossible. Instead, only try to realize the truth.”

[learningthetruth]

Yep....I think 4360-4370 will be tops on this move, but maybe 4450-65, then 4000-4100; then one more more up to 4400-4500, then down, down, down.

But I only play intraday SPY and QQQ calls and puts each day.....nothing overnight....plenty of range intraday in this market. Preserving my capital and manging my risk after an incredible 2-3 years in this market....playing much smaller too...just personal preference/situtation...only need to make a few k a day and I'm very happy given the past several years.

I only play 8/21 EMA on the daily watching 1 and 3 minute chart....golden indicator IMHO.