$SPY next-week!

27 באוק׳

SPY Trade Setup 💡
Target Entry: < $577
Position: SPY 574 Puts (Oct 30 Expiry)
Technical Analysis:

Multiple tests of major trendline last week = critical support level
Two potential scenarios:

Trendline Break ⬇️

Expect accelerated downside momentum


Trendline Hold ⬆️

Watch $585.27 as key breakout level
Break above = potential run to new ATHs

Risk Management:

Entry only if price drops below $577
Clear invalidation points at trendline and $585.27