Late starts last couple of days. SPY gave us 3 red days. Will today bring relief?
Good morning all. I just wanted to get a message out about why I hadn’t posted. Made family time a priority and they are late risers and late sleepers.
I’m on west coast and body is worn down so last couple of days my routine broke and I woke up about 3 hours later than usual.
Overall watch for a weak open and slow grind higher on SPY with 470.50/471 being the key for a trigger back into 473.
I will be back to regular schedule on Monday.
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EDUCATION/TIP:
Overall this week, I adapted process to focus on taking gains at 100-200% gains instead of at 500%. overall that sticks to 3-5R trades and not trying to get 10R+ trades. that has served well in the chop.
What I’m watching for today:
SPY - break of 467.50 implies down side target 462-464. Hold of 468 and 470.50/471 clearance for a long. 471 rejection again, and I might yolo some 469 puts.
COIN - love 148-150 for scoops or over 158 for swing long in mid Jan.
Good luck today. look forward to sharing more.