This strategy has made 60-140+ POINT MOVES in $SPX which equates to around $5-$15 Moves in $SPY ITSELF! 🚀
There is 1 way on how to trade this strategy and to also state #FOMC is very risky to trade with #SPY#SPX#Options due to the #volatility
HERE IS HOW TO TRADE #FOMC 👀: You FADE the INITIAL REACTION at 2PM EST once the Rates are given out and you PLAY the opposite when Powell Speaks at 2:30PM EST.
💵 ITS THAT SIMPLE. 💵
For example: If initially the market falls at 2PM you would go long at 2:25-2:35 once he starts to speak and this can be helped by Candlesticks & Price Action! 📈
July 26-27 #FOMC Example: 2PM initial reaction you see the red higher wick and falls. Then you see at 2:30 fake out again to downside then RIPPED UP for a $6 POINT MOVE IN 1 HOUR. 🚀📈🤯
May 3-4 #FOMC Example: 2PM initial reaction red and went lower and started consolidate then the circle shows 2:30 starts to spike after the fake break down for a $7-$8 MOVE to upside in under 1 HOUR! 📈
THESE ARE 500-1000%+ PLAYS THAT I HAVE BEEN PREACHING FOR OVER 2 YEARS NOW! ⭐️
PLEASE RETWEET, LIKE, FOLLOW AND PUT ON THOSE NOTIFICATIONS FOR MORE THREADS AND ALERTS LIKE THESE! 🔔
How to use RSI while trading stocks such as $SPY $AAPL $TSLA $AMZN etc…
RSI Divergence is a Key Tool/Strategy to see if a trend is changing! 📉📈
The relative strength index is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. ~ WikiPedia
A RSI of 30 and less is considered oversold and a RSI of 70+ is considered overbought. This does not mean the Stock Price and RSI will not go lower or high if above or below those ranges.
For example if you get a credit spread with a premium of .20 between the spreads then your goal is for that premium to theta out to 0 for full 100% profit.
Example of spreads:
$SPY Put Credit Spread
Put credit spread is actually a bullish credit spread
A Detailed Thread on Candlesticks you NEED to know 🧵
These candlestick patterns can be a leading factor in a trend change before many know it’s even happening 👇🏼
1. Bullish Inverted Hammer
Strong reversal candle in a downtrend and as you can see above this one led as the market bottom leading up for a 65 point move after.
Always want to find it after a big red candle.
2. One of my favorite setups is the Harami, in this case it was a bearish harami. This candle is near the top of the previous large green candle & would be vice versa for the bulls if it was on bottom of a previous large red candle with same sized wicks on both ends. 30+ points
I want to say something that I think needs to be said.
I see people posting profits of $1M daily and no hate to that at all in fact I can’t be more happy to those that do.
It’s a dream come true if your making that much daily.
Continued…
But some people get skewed seeing this and they want to be on that level day 1.
You need to build boundaries and grow into that level of trading. Not everyday can it happen and you shouldn’t be shooting for the stars day 1 as those stars will burn straight through your account.
I’ve consistently posted over the past 4-8 weeks give or take a few losing days $1200-$2500 days including the personal acccount and challenge account.
Being able to show you it is possible with a small account and building consistency is key over $1M days to start.