What S&P, SPY & SPX Have in Common
If you don’t trade futures, everything I show you in today’s video works with the S&P futures and the S&P options on the futures. You could look at the SPY or the SPX.
Let’s look at the S&P on the five-minute chart.
We want to be confident of the support or resistance levels so that we think, “gosh,” it merits putting our capital at risk. We can control risk because we understand where the support is. Therefore, we can place stops a whole lot smarter.
Remember, we focus on the path of least resistance.
