Sep 2019: AMZN $1735- $1755 Bull Call Spread
Trade Selection Criteria
Overall market movement
SPY pulled back from its all time high of 302 to 294 but is showing signs of going back up again. Overall a range bound market
No Earnings or Significant News
Earnings are behind us and the next earnings will be after our expiration cycle.
Bollinger Bands outside Keltner Channels
Bollinger Bands are outside Keltner Channels. However, they are not as extended as I usually like them to be. AMZN is pretty much range-bound here.
RSI is in oversold territory, however not showing any clear signs of trend reversal.
ADX is weak and indicates that there is no trend in place.
Beginning Account Balance
Ending Account Balance