Here are the morning SPY ETF trade notes for Mon Dec 24 2018 before markets open.
Opening futures show a pop at the open but nothing too dramatic. That of course could change as we near the open but early morning on Christmas Eve, the futures are mildly bullish. This is to be expected considering the devastation of the last couple of weeks leaving the market incredibly oversold.
Make sure to review the support and resistance levels as I will be using those levels on Monday 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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