Power Plays Update: Taking Off SPY
October 25, 2022
By Scott Redler
SPY just broke over $382 and I want to close it out from Power Plays here.
There is potential for it to hit the $390 area.
But this market is full of fakeouts and it could turn down, as we've seen happen so many times over the past few months.
Therefore, I'd rather be conservative and book the gain here.
Stay tuned for more updates.
Scott Redler Positions Disclosure