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H3-Publications

SPY's FED rebound and hold for the week

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
H3-Publications Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Support and Resistance Pivot Points Moving Averages
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supportandresistance pivotpoints movingaverage
SPY opened with a sell off and fell to S3 level before the FED claiming everyone down and rallying up to the weekly pivot. Picked up several PCS expiring over the next week for 0.65. Expecting SPY to hold around the 388-390 levels. 1HR chart notes SUPERTREND in green and after FED speech, price action crossed above the 21MA SPY SPY
Trade active:
opened with a little pressure on the puts but stabilized and slowly creeping higher. 11 0clock candle broke through weekly pivot and inside the 388 -390 range as speculated yesterday. Half a trading day to go TP on today's spread set a .02, should close out of that in the next hour if everything holds.
Comment:
383 PCS closed at .02; 385 PCS knocking on door step
Trade closed: target reached:
385PCS closed out at 1203, at .02 just like the 383's. both 0DTE spreads profitable.
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