SPY Daily Commentary | S/R
Updated
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Happy Friday!
Biiiiig pull back yesterday. Impressive that the selloff broke through soo many supports. To be fair however, A lot of the supports established to this point had not had a long history, or were tested very hard. Being that today is Friday, the weekly bar stands out as the picture the market wants to paint. As of now, there's an inside bar. For bears to take the week, theyll want to close under 342.
Graveyard Shift / Morning Crew
Graveyard Shift: Drive lower, with 343 holding support so far.
Morning Crew: nothing special
Futures Crew (/ES)
3395 is the next support the bears need to crash through.
Resistance levels
(Pre-Market) 347.32
(See Shared Chart)
Support levels
(Pre-Market) 344.85
(See Shared Chart)
Gaps
353.44 - 352.68
341.06 - 339.71
331.18-330.06
327.73-326.63
Extras
Shared Chart
tradingview.com/chart/oOetWWMH/
*This chart will be shared and updated all day. Come to this idea to get commentary all day for intraday playing. If you would like to know my thoughts for this week, see the chart below*
Weekly Projection
None this week.
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
Like the idea and follow me for intraday SPY commentary!
Happy Friday!
Biiiiig pull back yesterday. Impressive that the selloff broke through soo many supports. To be fair however, A lot of the supports established to this point had not had a long history, or were tested very hard. Being that today is Friday, the weekly bar stands out as the picture the market wants to paint. As of now, there's an inside bar. For bears to take the week, theyll want to close under 342.
Graveyard Shift / Morning Crew
Graveyard Shift: Drive lower, with 343 holding support so far.
Morning Crew: nothing special
Futures Crew (/ES)
3395 is the next support the bears need to crash through.
Resistance levels
(Pre-Market) 347.32
(See Shared Chart)
Support levels
(Pre-Market) 344.85
(See Shared Chart)
Gaps
353.44 - 352.68
341.06 - 339.71
331.18-330.06
327.73-326.63
Extras
Shared Chart
tradingview.com/chart/oOetWWMH/
*This chart will be shared and updated all day. Come to this idea to get commentary all day for intraday playing. If you would like to know my thoughts for this week, see the chart below*
Weekly Projection
None this week.
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
Note
out the gate. the pre hi/lo are the important levels.Note
350 was a big loss for the bulls. The market wouldnt be set back detrimentally if they closed under it. but the bears are looking to fill gaps under, and after tasting 350 once, bulls would like to get back there.
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