$SPY Analysis, Key Levels & Targets for 10.24.24
Alright guys, so I'm not making a video tonight. I lost my voice; I caught a cold or something like that. But, we are opening right at the bottom of the implied move for the week, which is 578, and we also closed right at the 30-minute moving average. So, if you look at that momentum—the 30-minute moving average momentum and the one-hour moving average momentum—that does have us trading slightly up today.
We have the 35 EMA above us, and at the very top of the implied move, we have the bear gap from yesterday. The top of the implied move is at 582 and 584 for the Friday contract. Remember, we have Amazon earnings today after hours.
Underneath the one-hour moving average on the downside, the bottom of the move is 573, and 572 on Friday's contract.
We have the 35 EMA above us, and at the very top of the implied move, we have the bear gap from yesterday. The top of the implied move is at 582 and 584 for the Friday contract. Remember, we have Amazon earnings today after hours.
Underneath the one-hour moving average on the downside, the bottom of the move is 573, and 572 on Friday's contract.
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I am not your financial advisor.
I am not your financial advisor.
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