Here are the trade notes and intraday support and resistance levels for the SPY ETF Hedge strategy for Mon Jan 24 2022 following a large decline on Friday with the SPX ending the day at the 4000 valuation, which is the 200 day moving average.
Members should read the outlook for the day and review the opening trade notes.
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.