r/spy

https://preview.redd.it/64r8bpt4hckh1.png?width=3199&format=png&auto=webp&s=4da0f880cb1131548f068af5165a7d37e0a0c1f2

spy had a small relief bounce due to the liquidity injection in the bond market this morning. considering how small the spy jump was, its a minor thing being absorbed just in time for FOMC notes meeting to not flush the market (just yet).... price bounced off the 767.47 line i told you guys about yesterday.. yes, i was expecting a gap down and it technically was happening until the intervention. but now were in the middle of the range.

773.83 is the resistance level now, but even if we break above it, price can hug the top of the line for a bit before crashing back down , or finally breaking free and going back up to the 775 levels.... its too early to assume were back... you can also see the 50ma and the VWAP are waiting for us slightly below that 773.83 level, so its highly likely spy rejects from there and comes back to the 767.47 level.

were in low volume because investors are waiting for the fomc and dont want to risk capital just yet. algos chopping sideways. wait til fomc before jumping back in. my bets are to the downside tho.

Down or Up overnight? i’m holding puts overnight, we’ll see what happens.

it’s getting ridiculously hard to read anything these days

https://preview.redd.it/3nltnmxhayjh1.png?width=1808&format=png&auto=webp&s=c7d3eca465d9e89675c2ae5ab405b5e7cf08407d

I am seeing lots of IV crush today at lower strikes by higher percentage than ATM IV.

Generally it is an indicator of higher movement.

Holy choppiest marker I’ve traded so far

We pumped over $40 a few days ago and the trend continues….

No pullbacks…

No weakness…

No red days…

Just up, up, and up….

Bear case anyone?

Hello
For those who been trading for years.
When does the trading volume of spy tend to increase? Volume been so miserable lately

Hi, I came across this guy strategy and I really like it. However, I draw my supply and demand zone to look differently. I tried to message him to get some insight, but he doesn’t answer.

I was wondering if anyone has a supply and demand strategy that they seem used for over a year and is proven to be profitable. Basically I’m asking people here who are profitable that you supply and demand to teach me their ways because I’ve been unprofitable for almost 5 years. I’m down close to 30 K and I keep depositing about 500 to 1000 every week and losing. I trade 0DTE and options mainly on SPX/SPY/NVDA/TSLA/AAPL (highly liquid stocks)

An issue I’ve noticed the leaves that I try to do all my supply and demand zone onto the one minute chart which tends to be not that stable. All the research I’ve been doing on YouTube has been telling me to do my supply and demand zones on 15 minute or one hour charts and then wait for the one minute chart to hit those zones and then structure to shift in the same direction, whether it be bullish for demand or bearish for supply.

How do some of y’all trade supply in demand zones profitably? Also do any of you have backtested proven strategy that wins at least 75% when u follow the strict rules?

For reference, this is the guys post that I really liked his method however I can’t really understand it that great

https://www.reddit.com/r/Daytrading/s/tJp5BFUJu7

Thank you & I hope to one day be profitable

curious if you’re bull or bear for tomorrow?

title

Thanks me later.

July was gangbusters for me, I started trading ITM option spreads and hit it hard in July (137k profit) but as of like August 5th, its as if the faucet was turned off. Not a super hardened trader so looking for advice. Im thinking low volume and ATR for August is pretty normal? Last month was earnings so im sure that helped.. any insight?

Why do you all take 0dte options?

Why Not one week or something? I mean the gain would still be huge and Risk way less