07/22 SPY ATR Levels and Range
The ATR of the SPY continue to get larger, again this could and very well is a cause of the downside action, it still calculates into the ATR regardless.
We got a clustering of price action below where we currently are something I am looking at for a bounce range.
Bulls wanna protect 549.60 level
Bears want to fall through 549 and drag this down to 547.80
Bulls want to hold this 549.6 to 550/80 area and push up through 554.08 reclaim 556
Lots of geopolitical news out this weekend and as usual the market is in FUD mode.
And the CNN GnF meter is showing NEUTRAL!!!
Good luck
We got a clustering of price action below where we currently are something I am looking at for a bounce range.
Bulls wanna protect 549.60 level
Bears want to fall through 549 and drag this down to 547.80
Bulls want to hold this 549.6 to 550/80 area and push up through 554.08 reclaim 556
Lots of geopolitical news out this weekend and as usual the market is in FUD mode.
And the CNN GnF meter is showing NEUTRAL!!!
Good luck
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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.