Here are the morning SPY ETF trade notes for Fri Dec 21 2018 before markets open.
Opening futures show another drop at the open but let’s hope by the time 9:30 AM rolls around, the futures will improve.
Make sure to review the support and resistance levels as I will be using those levels on Thursday to trade around.
Remember to take profits as they appear since markets are very volatile and profits can disappear quickly. Stay with option strikes that have plenty of volume. If taking a loss keep it small.
Not all strategies are suitable for all investors. Trading the SPY ETF intraday can be difficult and end with losses. 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.
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