It was another profitable week for us at SPX Option Trader. We ended this past week with +58% ROI in our SPX Daily Outlook trading, +55% ROI in our SPY Daily Outlook trading, +49% ROI in our SPX Aggressive Trader, +59% ROI in our SPY Aggressive Trader and -82% ROM in our SPX Spread Trader. As long-term investors try to guess which way the market will go from here, we are reminded of one of the great benefits of being day traders. The overall direction of the market is of little consequence. We are merely concerned about the direction today. With the information provided in the SPX Daily Outlook we have the edge we need to successfully day trade SPX and SPY weekly options. We have a nearly 70% accuracy in forecasting the 1st target level in the SPX every day since 2016! This edge is the key to being a profitable day trader. We approach each day fresh and look forward to what next week will bring! Below are our comments for each trading day of this past week.
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