SPDR S&P 500 ETF TRUSTUpdated $SPY Analysis, Key Levels & Targets for Day Traders Feb 12
We've been consolidating sideways here a bit and slightly up and if you look at the moving averages that’s the same. Slightly up and sideways.
We have a green signal line on the day here.
35EMA is above the 30min 200 even though it looks weak its still above and that is bullish. Downtrend above us here and then ash’s are at the top of the trading range.
Bull gap underneath us with the support of the 50DMA
CPI and Jerome Powell today so Trade carefully.
Trade active
Did you guys SEE that 50DMA bounce 💃🏻
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🚨Subscribe here if you want these charts in advanced on YouTube - it’s free, youtube.com/@spyderqueentrading
🔴My Chart Settings- youtu.be/WJhP0NhED0o
I am not your financial advisor.
🔴My Chart Settings- youtu.be/WJhP0NhED0o
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.