$SPY, trading it 1/18

Updated
For 1/18, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 466 (entry, long), it can see 468.5-470 (exit)
Break below 459.5 (entry, short), it can see 455.5-457 (exit)

Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.

Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.
Note
RECAP: 459.5 -> 455.5, ~4pt move
Beyond Technical AnalysisChart PatternsdaytradingoptionsoptionstradingTrend Analysis

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