We utilized the YS Trading Checklist to determine how we expect this trade to go.
1. News
2. Candle
3. Volume
4. CCI
5. Stochastics
6. Gaps
From the technicals, we determined that $IWM is poised to retrace back to support in the short term. Hence the trade I like is the $186 / $182 Put Debit Spread expiring 9 DEC 2022.
1. News
2. Candle
3. Volume
4. CCI
5. Stochastics
6. Gaps
From the technicals, we determined that $IWM is poised to retrace back to support in the short term. Hence the trade I like is the $186 / $182 Put Debit Spread expiring 9 DEC 2022.