SPX getting a confluence of long signals across our MA tool and our Squeeze tool. With probabilities above 50% with a reasonable amplitude move, going long with a structure allowing you to scale in using long call debit spreads and financing them with the selling of put credits spreads will provide you with the possibility of an amplified trade. This is not advice - consider the idea and incorporate it into your analysis or plan. What I have seen over the past few years is that when indicators provide signals in a group, the likelihood of a big move is high. How you choose to play is based on your trading personality and risk tolerance levels - all things that require diligent study.
With SPX looking bullish in the immediate term (2-5 days) with Vix remaining elevated we must accept bigger than normal intraday swings. This means you have to be very conscious of your expirations and strikes if you are selling put credit spreads.
The market has loads of opportunities for both bulls and bears. The issue is they dont look like opportunities that we see in strongly trending markets. Be mindful of forcing what has worked into a market that does not share the same characteristics as when your strategy last worked. Thats a recipe for disaster.
Trade safely!
With SPX looking bullish in the immediate term (2-5 days) with Vix remaining elevated we must accept bigger than normal intraday swings. This means you have to be very conscious of your expirations and strikes if you are selling put credit spreads.
The market has loads of opportunities for both bulls and bears. The issue is they dont look like opportunities that we see in strongly trending markets. Be mindful of forcing what has worked into a market that does not share the same characteristics as when your strategy last worked. Thats a recipe for disaster.
Trade safely!
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