5 SPY set-ups that can increase profits by 70%-100%
5 $SPDR S&P 500 ETF Trust(SPY)$ set-ups that can increase profits by 70%-100%
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1. SPY downtrend break entry. This one easiest to take because when SPY sells off for the first 30min-1hour. Watch for SPY to break the downtrend on 2min chart to get in.
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2. SPY double bottom. As soon as the LOW OF DAY is tested with buyers this is when you get in. Then watching for rising volume to confirm move continues. This happens a lot at least 1-3x a week.
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3. SPY retest play. Wait for SPY to breakout first. Let it rip so hard then wait for it come back to RETEST the breakout area for entry (kinda like double bottom)
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4. This blue line is VWAP. Once it breaks with volume it can explode for a good high probability scalp. This moves happens best after 10am before 12pm.
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5. SPY breaking downtrend. This one you need to get puts as soon as the UPTREND line is broken. So this set-up works if SPY breakouts hard and keeps spiking. This would be your entry.
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