SPY massive melt-up towards $650+ as expected
$SPDR S&P 500 ETF Trust(SPY)$ massive melt-up towards $650+ as expected.
If you missed this move try this strategy to get back in 🧵
Make sure you (bookmark this lesson so you can study it after)
This is SPY in premarket right now. I've drawn the key levels for you here.
Wait for buyers to hold support or RETEST these levels then get contracts for Aug 15 $640 calls or Sept 19 $650.
Your stop loss is always "THE BOTTOM OF THE CANDLE IN WHICH YOU GOT IN" this is a classic rule to help you.
Hope this helps.
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