Some key areas to watch today on $SPY. If it happens to break the $549 level and hold under, I think we will see much more downside here. $555 was key support before but now has turned into resistance. If we end up break past this level once again, we could see $560 fairly quickly, I’m leaning more on the short side, but we know how the market goes, sometimes the things that make the most sense don’t happen. Try not to get caught in choppiness between these ranges, it could tighten up a bit. Let’s kill it today guys!

My first ever payout from Apex was approved today! Woohoo!

$SPY and the $QQQ could see a huge pop or drop after hours with $NVDA reporting earnings. Stay vigilant when holding swing plays, could be a good strangle play. $SPY has been trading in a range for around a week now, we need to break above $565 to be able to see any major upside into new highs. Breaking below $555 would be an indicator that more downside may be coming. From the outside looking in, I would think the $NVDA earnings should push this to one of those levels. If we’re able to break the pre-market high on $SPY could be a good idea to go long here as buyers may start coming in anticipation of the earnings play, but be very careful towards the end of the day as it could get very volatile. Only take good setups, don’t overtrade, stay disciplined guys! Let’s make this a good day, I’ll update with any possible setups I see forming. Have a good Wednesday 💪

Very possible to see SPY make new all time highs in the short term if we’re able to break and hold above $560, under $558 we can come back to $555. Should be some resistance around $562, but keep in mind all time high is around $565 so be cautious around that area if you hold calls. This has been a wild run back up after a big drop, all in a matter of a couple weeks. Play the best setups you can, and pay attention to these levels, don’t trade between them. Hope you guys kill it today! Let’s see some wins.

SPY - Jobless Claims 1.864M Vs 1.88M Expected, 1.875M Prior US Initial Jobless Claims 227K vs 236K Est. Retail sales up as well in July. Could see another bullish day here, still has quite a bit of room to run up to the next semi strong resistance zone around $555. Possible short term resistance around $550-$551 so just be careful around those areas. This market is unhinged 😂 we know how quickly things can turn around so stay vigilant. If market can get a push at open, expect to see $550+ today, possibly much more if it can break through $551. Let’s kill it today guys. ✅