SPY Options - Bull & Bear Christmas Edition

SPY

SPY
Trend continuation is still bullish long-term. We are using this bottom white trendline as a key pivot for these options and the larger move up or down. With these trades, we use 15-30 minutes candle CLOSES above or below support for confirmation

$610 CALL 1/6
Entry: Add at support tests off trendline
Targets: $600, $604.25, $607, All-time highs


$575 PUT 1/6
Entry: Rejection under $595 AND trendline
Targets: $583.56, $580.89, $575, $567