6/1/25 Best Idea For The Week Ahead

The SPY wrapped up another inside week. This isn’t bearish, you can see the 8 week sloping up and as long as the moving averages are sloping up, things are fine, I would only really start to worry if we broke lower below that cluster of moving averages under us. It’s hard to know where she stand because it seemed like the tariff stuff was mostly over then this week Trump was back with more but the market mostly seemed to shrug him off which is a good sign that people are not letting his rhetoric scare them out of things.

Look at the chart above and compare it to 2023 below. The SPY had 1 close below the 100 week, the white line, in late 2023 and it took off from there as you can see, this year we had 1 close below the 100 week as well and also took off. That 100 week break is usually a sell everything signal but the last 2 times we closed below it, it was the best buying opportunity imaginable.

This week’s best idea is a name that is one of the top trending names in the database in May, it has multiple sizable put sales and call buys, we’re going to look at a couple different trade ideas but I want to look specifically at some ratios that can pay out huge if the upside comes to fruition.