Power Plays Update: SPY Levels to Watch
September 3, 2024

By Scott Redler

To build on the note I sent earlier:

Right now, keep a close eye on SPY $555, which is the bottom of the recent range.

If that breaks without getting reclaimed fast, most swing ideas will not work -- including our Power Plays.

That's because odds are we would be headed to the $548 area.

Keep this in mind as you think about your time frame and risk tolerance.

If the danger zones in our names get hit, I'll be exiting and looking for fresh opportunities based on initial key levels we see this month.

-Scott

Scott Redler Positions Disclosure as of 2024-09-03 at 10.53.22 AM