Top 5 Weekly Trade Ideas #2 - SPY Long

28 thg 10, 2024

Just a 15m chart here but I think it's important for action early this week. Futures are up overnight so far so if that holds I'll be looking for SPY to open around or above $580.86. If it can open above, will be looking for longs on a retest in addition to potential support on the trendline below at the same time. That'd be ideal, but if it can't reclaim $580.86 early on this week I'd expect a move back down to $575. That could be a good long if it holds or a potential short on a retest if it breaks below.

28 thg 10, 2024

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Long entry triggered on the retest of $580.65. Stop on a break of the trendline below, maybe average in if it goes down there later. Very weak session for VX so far, no reason to think we dump as of now. Target is $585.