$SPY Supply and Demand Day Trade Idea

28 nov. 2023

Watching The price action to break through the current Supply or Demand zones. I am looking to buy puts in the higher supply zone or buy calls in the lower demand zone. I would not take the current supply and demand zones because the price action has touched them multiple times

• Buy Calls: $452.92-453.30
  
  
• Buy Puts: $456.13-456.38
  

30 nov. 2023

Note

Gapped up above the supply zone so puts are invalidated. Still waiting for the price action to come down to the demand zone to consider calls.