As we all know SPY is trading in a range of 260-280 since mid-October 2018.
It is likely to continue trade in this range till Wall St. hotshots return from holidays (probably 1st week of Jan 2019).
Based on option chain, in my opinion, SPY will rally to 270 where it will catch its breath/retest 263 and then proceed to sprint to 280 by year end for a ginormous yearly gain of 4%.
For those who made in the range of 4% to 14% growth or more in 2018; well done. You deserve a pat on the back.
For those who made less, please keep a log and adhere to your system of stop loss. Wishing you a better 2019.
Thank you TradingView community.
Happy trading.
It is likely to continue trade in this range till Wall St. hotshots return from holidays (probably 1st week of Jan 2019).
Based on option chain, in my opinion, SPY will rally to 270 where it will catch its breath/retest 263 and then proceed to sprint to 280 by year end for a ginormous yearly gain of 4%.
For those who made in the range of 4% to 14% growth or more in 2018; well done. You deserve a pat on the back.
For those who made less, please keep a log and adhere to your system of stop loss. Wishing you a better 2019.
Thank you TradingView community.
Happy trading.