$SPY Supply and Demand Day Trade Idea

28 thg 11, 2023

Watching The price action to break through the current Supply or Demand zones. I am looking to buy puts in the higher supply zone or buy calls in the lower demand zone. I would not take the current supply and demand zones because the price action has touched them multiple times

• Buy Calls: $452.92-453.30
  
  
• Buy Puts: $456.13-456.38
  

30 thg 11, 2023

Ghi chú

Gapped up above the supply zone so puts are invalidated. Still waiting for the price action to come down to the demand zone to consider calls.