07/24 SPY ATR Levels and Range
SPY ATR 4.81 this has maintained this area and average for the last week.
Fear and Greed indicator is at 54, a little higher than the neutral that we ended the week on last week.
Still a lot of uncertainty in the world, foreign administration speaking today.
9:45 we got a couple market moving reports, Positive Impact (PMI > 50): Negative Impact (PMI < 50) for the past few months weve been over the 50s.
We need to hold the 548 level for sure for a bounce of any kind.
If we can't hold that, then we move to 547.90/546.90 area as low as 545.15 zone
If we can defend 548 area than we move back through the 548 area with a lot of sideways action in that range zone and wrestle with the mid 550/551/20 area.
nothing is set in stone, and anything can happen. These are just using previous areas we have visited in the past since we are well below all-time highs.
Fear and Greed indicator is at 54, a little higher than the neutral that we ended the week on last week.
Still a lot of uncertainty in the world, foreign administration speaking today.
9:45 we got a couple market moving reports, Positive Impact (PMI > 50): Negative Impact (PMI < 50) for the past few months weve been over the 50s.
We need to hold the 548 level for sure for a bounce of any kind.
If we can't hold that, then we move to 547.90/546.90 area as low as 545.15 zone
If we can defend 548 area than we move back through the 548 area with a lot of sideways action in that range zone and wrestle with the mid 550/551/20 area.
nothing is set in stone, and anything can happen. These are just using previous areas we have visited in the past since we are well below all-time highs.
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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.