$SPY Analysis, Key Levels & Targets for Day Traders Feb 11 25
Ok. Today’s implied move 601 - 609 (so 600-610 if you’re selling spreads)
It’s looking as if futures will open UNDER the 30min 200MA, which could give us that 35EMA cross down and then we will be bearish. We got a little technical bounce yesterday but it was on low volume and looks weak in the indicators. So look for that 35EMA cross down.
50 Day moving average is near the bottom of the trading range under the implied move on the day and at the bottom of tomorrow’s implied move so that is a target to keep in mind.
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🚨Subscribe here if you want these charts in advanced on YouTube - it’s free, youtube.com/@spyderqueentrading
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I am not your financial advisor.
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I am not your financial advisor.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.