SPYder_QQQueen_Trading

What a crazy day. We had CPI in premarket today then we kept up and we took it past all-time highs to the top of the implied move to the top of the implied move on the next day so we close just above 5 cents above 580 Volatility got crushed today VXN down -7.32 destroying options and shorts betting on downside DID YOU SEE the bounce on the 35EMA by the way?? I do believe that tomorrow we will be trading under 581. Thursday we have PPI and because we're in an in between day tomorrow I think we might be a little bit more flat also look at how high up that 35 EMA is within the training range (HIT GRAB THIS CHART - UNDER THE CHART NEXT TO THE 🚀)

What a crazy day. We had a CPI in premarket today then we kept up and we took it past all-time highs to the top of the implied move to the top of the implied move on the next day so we close just above 6440. VIX got absolutely crushed, down 9% today destroying options betting on downside. I do believe that tomorrow we will be trading around 6440, maybe even between 6420 and 644. Thursday we have PPI and because we're in an in between day tomorrow I think we might be a little bit more flat also look at how high up that 35 EMA is within the training range (HIT GRAB THIS CHART - UNDER THE CHART NEXT TO THE 🚀)

QQQ made new ATH’s on Friday. Be careful spread traders QQQ has been blowing through the top of the trading range, but also because we did take it to the top of the trading range I would think we have a flat or down day here… 575/576 bear call spreads feel good to me. Do your own DD, but that’s what I’m looking at for tomorrow!!

Ok, this is a review of last Friday’s price action from the setup provided in the member video. We opened with a gap up and a rally to the top of the implied move. We actually took it to the top of the 30 day average volatility, which rounded out was 6390 So 6390/6400 bear call spreads paid. ATH’s not to far away here.

Today’s Trading Range - we have a great range expansion here from last Friday’s drop. Some interesting targets here. Let me know what you see. Grab this chart - and let’s go

Today’s Trading Range - we have a great range expansion here from last Friday’s drop. Some interesting targets here. Let me know what you see.

SPY SPX 5777 Target for end of August What do you guys think here?

574/576 Bear call spreads at open? Yes please. You know that those filled for 1.00 risk/1.00 reward - it was glorious. Closed up 100%

This is how last night’s members chart played out and it was amazing. We opened at the top of the implied move and all of the spreads at the top paid as we dropped back to the 30in 200MA The spreads I took at 6420/6435 but every spread shown here would have done well.

It is time. For SPX today I sold SPX 6420/6435 bear call spreads here. First order filled for 7.20, Back up orders at 6430/6445.I wasn't kidding. 🤭