This video explores the trade idea we provided our community members over the weekend.
We traded SPY Put Debit Spreads (PDS) with a max profit target price of $407. Amazingly, SPY when as low as $404 today before retracing back up to $407. This marks the second leg of our trade for SPY, making both forecasts for the ETF a success.
Though the other indices have retreated lower, we still have a little ways to go for the IWM and QQQ to be considered successful forecasts. We feel confident that both ETFs will reach the indicated price target in time.