Here are the trade notes and intraday support and resistance levels for the SPY ETF Hedge strategy for Fri Aug 5 2022 following a flat close on Thursday and July non-farm payroll employment numbers due out Friday at 8:30. The SPX is still holding above 4100 which is bullish.
Make sure to read the introductory notes for today.
Remember I take profits as they appear since markets are very volatile and profits can disappear quickly. I stay with option strikes that have plenty of volume. If taking a loss I keep them small.
Not all strategies are suitable for all investors. Trading the SPY ETF intraday can be difficult and end with losses. This type of trading is for very active investors who love intraday trading. Make sure to paper trade to learn the strategy and determine its suitability for use, before risking actual capital.
This Spy ETF trade article is for FullyInformed Members.