Bias: Neutral-to-Bullish (for breakout)
Setup:
SPY is consolidating between $520–534. A clean break above this zone could signal continuation toward the pivot level at 562.75.
Entry Options:
Aggressive Long:
Buy near current levels (~526), stop-loss below $520, target $534 short-term and $550–562 swing target.
Conservative Long (Breakout):
Buy above $534, on confirmed breakout with volume. Stop-loss just below $528. Target: $548–562.
Bearish Scenario (if breakdown):
If price falls below $520 with strong red volume, potential retest of $511 support and further down toward $500 or $480 (S2).
Short entry below $520, stop-loss at $526, target $511 then $500.
Volume Insight:
Strong green bar at bounce near $480 indicates buyer interest.
Current candles show indecision; breakout or breakdown will likely be volume-driven.
disclaimer: The trade idea presented is for educational and informational purposes only and should not be considered financial advice.
Setup:
SPY is consolidating between $520–534. A clean break above this zone could signal continuation toward the pivot level at 562.75.
Entry Options:
Aggressive Long:
Buy near current levels (~526), stop-loss below $520, target $534 short-term and $550–562 swing target.
Conservative Long (Breakout):
Buy above $534, on confirmed breakout with volume. Stop-loss just below $528. Target: $548–562.
Bearish Scenario (if breakdown):
If price falls below $520 with strong red volume, potential retest of $511 support and further down toward $500 or $480 (S2).
Short entry below $520, stop-loss at $526, target $511 then $500.
Volume Insight:
Strong green bar at bounce near $480 indicates buyer interest.
Current candles show indecision; breakout or breakdown will likely be volume-driven.
disclaimer: The trade idea presented is for educational and informational purposes only and should not be considered financial advice.
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.
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.