SPY

Last week, our $585 PUT 1/13 was a killer, producing two daytrades that ran for 50% and 132%!

Here is what we are watching for this week:

We have reclaimed bullish trend and expect consolidation within this range from $584.59 to $607.45. Last two weeks have been low volume and profit taking. We are using this bullish trendline for confirmation using 15-30 minute candle closes.

$601 Call 1/24
Entry: Retest and hold of bullish trendline
Targets 🎯: $599, $601, $603, $608

$590 Put 1/24
Entry: Breakdown and failed retest of trendline
Targets 🎯: $590, $584.59

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