SPY 04/11/2023

2023年4月11日

*TRANSPARENT NOTES: I DAY TRADE SPY OPTION CONTRACTS DAILY*
**MY OPINION IS NUETRAL BUT I AM BULLISH ON SPY AT THE MOMENT-THIS COULD CHANGE AT ANY TIME**

SPY shows strong support around 405.73-406.12 with resistance around 409.91-410.20

LONG:
SPY could push above 410.20, retest and head toward 411.54 with potential hesitation around 410.59 and 411.18,high of day potentially between 412-413.
SPY could also head straight to 411.54 (with enough momentum) and then reject to 410.20 with possible hesitation at the following levels--@410.59 & @411.18
If enough momentum is present, and enough Bulls, SPY could push toward 414.42(watch for reject here if it reaches)

SHORT:
SPY could reject the 409.91-410.20 and head down to 409.03-408.76, hesitation around 409.48
If SPY rejects the 409 area, pushes through the 409.03-408.76, it could retest the 408.76. If rejects the 408, then expect the 405.73-406.12 zone for a low.
SPY could also reject straight down to 408.76, could head either way here but for shorts it could break below 408.27 and head down to the 406 zone.

NOTE:
If rejects to 406 zone, this would be the 4th time over the last several trading days (viewable on the 1hr timeframe). The result could be explosive so watch for support and resistance levels and time your entries/exits accordingly.

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