No 2-week low in the SP futures since late October

Discussion in 'Trading' started by Math_Wiz, Jan 27, 2021.

  1. Math_Wiz

    Math_Wiz

    All right, figured out my trade here with this setup. Going to hopefully catch some SPXL at $70 tomorrow morning, and hold for $87 (roughly in line with SPY $400). Stop will be set below the two week low on the SP futures, or roughly the same as the two week low in SPXL. In other words, $68.40 stop. So that will give me like a 3% stop-loss vs a 22% gain. What will it take to make that happen? Probably stimulus passage. Batter up!!
     
    #11     Jan 31, 2021
  2. Math_Wiz

    Math_Wiz

    If futures pop nicely overnight, I will look to enter at $73.
     
    #12     Jan 31, 2021
  3. Math_Wiz

    Math_Wiz

    Got in at $71.50 premarket. Holding for ~$87. Stop now at $71.00.
     
    #13     Feb 1, 2021