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.
Also, of course wait for price action to confirm. ✅
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.
Also, wait for price action to confirm ✅
💵 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 $14-$15 MOVE to upside in under 1 HOUR! 📈 $SPY
Sep 21 #FOMC $SPY Example.: 2PM Initial reaction big red, chop/consolidate as usual then second blue vertical line isn 2:30 and we ripped from bottom to top 85-95 points in a matter of 1 hour again which for $SPY is $7-$9 MOVE! 🚀
THESE ARE 500-1000%+ $SPY $SPX 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! 🔔
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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