On the one hour time frame SPY looks like it might react short to a large sell volume shelf. Another thing to look at is the RSI on most hourly time frames are overbought quite a lot. On a the 1 MIN chart we are at a triple top, so i expect to open around low 396, and if that does not hold I will be waiting for clear direction.... However, on the Daily the RSI and MACD are painting a different story. It looks like this might be a pivot point on SPY. I will be scalping 0DTE on SPY tomorrow and i'm looking for solid setups to get in and out quick. Trade safe on this FRIDAY the 13th, lets get spooky!
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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.