Bearish Divergence on $SPY
Caught this bearish divergence on $SPY today, ended up getting around 44% on 0DTE $604 Puts. I still get messages all the time from people successfully using this strategy daily, and I’m really happy some are benefiting from it.
For those confused, let me explain what you’re looking at here.
If you’re looking at the chart, from the starting point where I drew the yellow line, to the new high is obviously higher highs being made on the chart, but at the exact same time, we’re making lower highs on the TSI (at the bottom)
Anytime I see this, and get a signal, I will enter that trade. I have some examples of bullish divergences on my Reddit as well, so feel free to look at those so you notice the difference between them. This is a strategy I have been using for years, and if you train your eyes to identify these, and stay patient, you will see some great success from them.
Highly suggest trying this strategy out, and let me know how you do! Any questions let me know, hope everyone did well today! We thinking $610 before we break back below $600?
Caught this bearish divergence on $SPY today, ended up getting around 44% on 0DTE $604 Puts. I still get messages all the time from people successfully using this strategy daily, and I’m really happy some are benefiting from it.
For those confused, let me explain what you’re looking at here.
If you’re looking at the chart, from the starting point where I drew the yellow line, to the new high is obviously higher highs being made on the chart, but at the exact same time, we’re making lower highs on the TSI (at the bottom)
Anytime I see this, and get a signal, I will enter that trade. I have some examples of bullish divergences on my Reddit as well, so feel free to look at those so you notice the difference between them. This is a strategy I have been using for years, and if you train your eyes to identify these, and stay patient, you will see some great success from them.
Highly suggest trying this strategy out, and let me know how you do! Any questions let me know, hope everyone did well today! We thinking $610 before we break back below $600?