Post by Phyregold on May 27, 2021 9:52:31 GMT
Today is all about SPY and QQQ, is both break the same direction from yesterdays high-low you do NOT want to be on the opposite side of the trade. Meanings if both break yesterdays low, do not be long. If both break above, do not be short.
So essentially, 4 things can happen and we need a plan for each.
1 - Both break yesterday high
For this i'm looking into AAPL and AMD calls and of course SPY or QQQ Calls
2- Both break below yesterdays lows
For this I want NFLX Puts, AAPL Puts and of course SPY/QQQ puts
3- SPY Up QQQ Down
For this I want DKNG,EXPE, SPWR Calls
4- They do none of the above
I do nothing
So essentially, 4 things can happen and we need a plan for each.
1 - Both break yesterday high
For this i'm looking into AAPL and AMD calls and of course SPY or QQQ Calls
2- Both break below yesterdays lows
For this I want NFLX Puts, AAPL Puts and of course SPY/QQQ puts
3- SPY Up QQQ Down
For this I want DKNG,EXPE, SPWR Calls
4- They do none of the above
I do nothing