Thread by @everybodylies36

$SPY has now gone in force on the quarterly chart 50% rule (426.36). Below 421.91 triggers 50% rule for the year with new target 🎯 364.82. Will this be defended?

#SSS50PercentRule
@TradeSniperSara

Setup triggered

Actually entered calls after quarterly $SPY 50% rule triggered as the broadening formation was defended. Daily 428C 0.78 and 1/26 440C 1.06. Important to note stocks have diagonal support so need to give some leeway to horizontal triggers/targets.

Sold daily $SPY 428C for +413% (4.00 from 0.78). Still holding the 1/26 440C.

$SPY triggered hourly chart 50% rule, looking to go back to 433.04 or higher.

Sold $SPY 1/26 440C for 5.00 from 1.06 (+372%). Added a 1/26 452C near close for a quick +22% (1.20 from 0.98).

I’m starting to understand why some traders only trade $SPY haha @ElaineBenes99