SandyToesTrader

SandyToesTrader

On the Daily Chart watching the SMA's to see if at some point the 12 SMA (Yellow) crosses the 80 SMA (Deep Red). This could mark a similar bullish run that could go over .000015 Exciting times my friends. Exciting times. Godspeed!

SandyToesTrader

So on the 1hr noticing a Wedge form. I'm looking for a little scalp maybe on the bullish run. Otherwise just HODLing what I got.

SandyToesTrader

Was trying out the Fibonacci Tool and it's very useful to me lately. Thought I'd share. Godspeed Traders!

SandyToesTrader

I've been looking at the Weekly and Monthly Chart for reference and it seems that the normal growth of the SPY should be around 370 by this time. So I would expect it to oscillate around those prices before we see an actual move up that is significant. I'm strictly an Options Trader so I'm waiting it out until 370 is reached and then Sell Credit Spreads. Also...

SandyToesTrader Updated 

So as you can see on the Daily Chart of the SPY we're nearing a Monthly Demand Zone which should be pretty powerful. I'm using the MACD Indicator on this particular move because you can visibly see the downward movement so there should be a very Bullish counteraction. This should provide a nice setup for Credit Spreads. When it dips into Demand Zone we should see...

SandyToesTrader Updated 

I'm always bullish on SPY. It's an ETF designed to always gain value. Knowing this information I like to play strategies that involve exploiting dips. Currently on the 1HR chart we're seeing that it might break the downward pattern. It is visually represented by the green ascending cloud and then a red cloud on the dip. The VIX is a little higher this morning but...

SandyToesTrader

Strong Demand Zone. Waiting for confirmation to make a move. Godspeed, traders!

SandyToesTrader

Grabbing a couple of call debit spreads on the ride up.

00:21

SandyToesTrader

Listen to video. There is detailed extremely valuable information in there. Godspeed, Traders!

SandyToesTrader

Channel upward still being obeyed. Everything else self explanatory. I'm only an Options Trader and I always do plays with 45 days or more so everything is looking fine and dandy. Godspeed, Traders!

SandyToesTrader

So as I've been observing the SPYders the channel has been obeyed the whole time. My theory is that it will likely reach 425 and then go sideways for a while. Consider the fact that this is a daily chart so the moves are more subtle. I would think once it hits 425 it will go sideways between 420-425 until next Friday and then rally.

SandyToesTrader

So it looks like the market is Bullish and Overbought but the patterns suggest that it's still got room for rally. I'm not holding any positions and just waiting for a pullback to around midchannel to then make my entry. It's definitely been fun looking at these charts! Godspeed, Traders!

SandyToesTrader

So I’ve been looking at SPY and Futures to see where it’s heading but it looks like flatness ahead. Threw an Iron Butterfly as a cheap gamble for wednesday expiration. It pays 10 to 1 so why the hek not!

SandyToesTrader Updated 

So it looks like it’s officially heading up! I do expect a slight pullback at end of day but wouldn’t be surprised if it blasts off after hours. Godspeed traders!

SandyToesTrader

I'm forever Bullish on SPY and even though it's been on a slight downward trend I'm looking at the overall Upward Channel. I already took my positions as soon as it hit channel bottom and got confirmation of it moving upward. Godspeed Traders!

SandyToesTrader Updated 

So I'm seeing that it's far above the 150 SMA but looking at Chart it looks as if it were going to rally higher. My guess is that it will remain flat until tomorrow and then next week we should reach 400 and then probably do a hard dive and raise the VIX enough so I can sell credit spreads. I would expect a drop tomorrow after midday for weekend profiteers. Since...

SandyToesTrader

I'm waiting for a drop today since all the hype about the Stimulus and vaccines is wearing off and people are most likely going to collect profit for the weekend. It is possible that it shoots up or stays flat if the bears start closing their positions. These are the two scenarios where I'll make my entry: 1) Either it drops to around 380ish and I sell Puts if the...

SandyToesTrader Updated 

There is an important level at around 390 that forms the top of the Wedge along with the higher highs and higher lows forming the upward line. I believe it might pop all the way to 395-398 and then take a steep drop from the people collecting profits and then the stops kicking in so you'll likely see a double legged drop. Demand Zone spotted at around 378 so I...