Here are the trade notes and intraday support and resistance levels for the SPY ETF Hedge strategy for Wed Jul 21 2021 following Tuesday’s giant bounce.
Make sure to review the outlook for the day and the support and resistance levels outlined that I believe will be in use.
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 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.
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Review Prior SPY ETF Hedge Trade Summaries: