SPY WITH AN INTERESTING CHART:
RED MONTHLY
INSIDE WEEK
INSIDE DAY
BIG SELL VOLUME
OVERALL BEARISH TREND
200DMA EVERYONE IS LOOKING AT
LEVELS I AM LOOKING AT:
A BREAK UP OF THE INSIDE DAY AT 279.30 (278.94 IS ALSO 618 RETRACE ZONE OF PULLBACK ON WEEKLY CHART)WOULD PULL TOWARDS TIGHT WEEKLY INSIDE CANDLE HIGH 281.15
AFTER THAT 285.54 IS THE 786 ZONE OF THE WHOLE MOVE ON WEEKLY
SHORT TERM TRADERS CAN USE BREAK UP OF 277.03 ON HRLY CHART FOR AN ENTRY
A BREAK DOWN OF THE INSIDE DAY LOW OF 275.47 WOULD TGT WEEKLY LOW 274.30 (274.31 IS WEEKLY 50% LEVEL OF ENTIRE PULLBACK)
A BREAK OF WHICH WOULD CONFIRM A MOVE DOWN TO RETEST 272S AND THE LOWS AT 270.36.
IF TRADING LOWER TIMEFRAME LOOK TO GET SHORT UNDER THE 275.47 LEVEL ON HRLY
EXPECT CHOP AND WATCH FOR EARNINGS REACTIONS ALL WEEK
RED MONTHLY
INSIDE WEEK
INSIDE DAY
BIG SELL VOLUME
OVERALL BEARISH TREND
200DMA EVERYONE IS LOOKING AT
LEVELS I AM LOOKING AT:
A BREAK UP OF THE INSIDE DAY AT 279.30 (278.94 IS ALSO 618 RETRACE ZONE OF PULLBACK ON WEEKLY CHART)WOULD PULL TOWARDS TIGHT WEEKLY INSIDE CANDLE HIGH 281.15
AFTER THAT 285.54 IS THE 786 ZONE OF THE WHOLE MOVE ON WEEKLY
SHORT TERM TRADERS CAN USE BREAK UP OF 277.03 ON HRLY CHART FOR AN ENTRY
A BREAK DOWN OF THE INSIDE DAY LOW OF 275.47 WOULD TGT WEEKLY LOW 274.30 (274.31 IS WEEKLY 50% LEVEL OF ENTIRE PULLBACK)
A BREAK OF WHICH WOULD CONFIRM A MOVE DOWN TO RETEST 272S AND THE LOWS AT 270.36.
IF TRADING LOWER TIMEFRAME LOOK TO GET SHORT UNDER THE 275.47 LEVEL ON HRLY
EXPECT CHOP AND WATCH FOR EARNINGS REACTIONS ALL WEEK
Note
WEEKLY CHART WITH LEVELS
Note
HRLYTrade active
SPY REACTING WELL TO ROADMAP DESPITE CHOPTrade closed: target reached
WOULDN'T GET LONG UNTIL 271.75 FOR POSSIBLE 2B REVERSAL ON DAILY CHART
Note
SPY CONTINUED WEAKNESS
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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.
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.