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BTC Winter Outlook.It looks like bitcoin has just laid the foundations of a major trend reversal and potentially given itself the launchpad needed to push out of this 215 day consolidation structure. Momentum appears to be shifting with the chart printing the first higher low, higher high and now a higher low with strong price action to support a continuation to the upside to AT LEAST test the upper bounds off the consolidation structure. We have also just broken into the bullish control zone on the RSI and ar working on printing the first bullish MACD histogram wick to boot. An outcome where market makers push price down to quick-wick out late longs could still be on the cards but even in such a scenario I anticipate buyers to maintain their dominance through till the end of the year. Happy trading!
COINBASE:BTCUSDLong
by FTSGroup
Is an accumulation phase likely and how long might speculation hwill an accumulation phase begin now and end with a late April/ early May reinvigorated impetus along BTCUSD's ''planned' parabolic store of value conflationary vortices, into which there are varieties, spanning reconcurrecy noise between crosscurrent, clockwise up/down, anti-clockwise up/down, and others, from the realm of light and bells equivalence... what does a three body problem look like if pulses come from equidistant 'stars'... Overlays between symbols and symbol timeframes, each view also with timed sequence line displa, well it could cut down on the chattery noise of extended myopia of frequent analysis within a few weeks of activity, made particularly rich by the trend line feature, and coincidence at times with those trends. With BTCUSD hitting its all time high, it seemed coincident signaling leading through the retest would be DOGEUSD. And so, a temporally sensitive question, assuming at this now both symbols will range into May, instead of continuing to rise now and in probably most of April. Analysis here would be helped by charting major yearly over monthly, weekly, daily charts. For my level of attention comparisons between one and three day charts seem to balance well against high frequency turbulence of highly volatile, voluminous, or trend setting / following impulses and impellers.
KRAKEN:DOGEUSD
by latticephreak
2
MONEY CANDLESome call it the "Institutional Candle". Snipers call it the "Money Candle" This chart explains why. This has been an incredible week of trading. News proved to be powerful and made the DXY plummet on Thursday. What a rally we had today which was pretty much expected when you follow Price, trend, and Time in confluence with this week's fundamentals: today's set up was a thing of beauty! Study this week's price action and formulate ways to engage accordingly next week. Have a Great Week End! Trading made Simple
Education
by Master-Jedi-Trader
Peculiar Position for the MarketThe market is making an attempt to rally, but we will need to violate this repeating pattern if we can expect any upside from here. Otherwise, it's just another good entry for short positions. Why buy an overpriced market if holding cash would yield positive with no risk of entry or exit? Here are some sentiment metrics and things to keep in mind, some technical and some fundamental. There's more of them but here are the ones I can immediately think of: DXY is still rallying. The US dollar historically loses 5% purchasing power per year, yet is seen as a safe haven. This is how overpriced the market is. Japan, the largest purchaser of USA treasuries, is now a net seller. Foreign bank exposure of US Treasuries is now declining as opposed to rising as in 2008. USA cannot fund a central bank bailout via foreign purchases of treasuries as in 2008. Some commodities are still at multi-decade lows, save for EV related markets and others which were forcefully subsidized. Oil is rallying with a distinct lack of supply increase AND increased seasonal demand. Because fuels are rallying, transportation costs are increasing baseline costs for every person and business. Fertilizers and other chemicals are in short supply which increases food prices. Some top producing food countries are now restricting imports. The rate of home purchases is declining rapidly, mortgage rates and risky variable interest rate mortgage deals are rising. Most of the rally in the past week was in profitless tech. Increased USA consumer spending is solely based on increasing consumer credit card debt, rather than savings or income. Central bank interest rates are not anywhere near the price inflation rates and are causing malinvestment to linger. The rate of layoffs is increasing and has not met or exceeded 2020 levels. Layoffs in the past few months were mostly in small businesses with most medium and larger ones adding employees, yet suddenly almost all of them have stopped hiring. There is a lack of specialized skilled labor and this demand is not being met with supply. The largest stocks have not had a serious decline. The percentage of stocks in a downtrend has not yet met the lows of 2016, 2018, or 2020. Cryptos have not yet dropped to their 200D MA and consolidated sideways as was the case in 2016 and 2018. Some, but not all cryptos have just made a 30-100% rally and are selling off in a hint of downward continuation. (VIX + VXN) has not yet met or exceeded the peaks of 2001, 2008, 2011, 2012, 2015, 2018, or 2020. Chinese housing stocks still in a downtrend, -70% yoy, companies are failing to pay interest. This housing market is valued higher than the US stock market. The war in Ukraine clearly is not short-term and is a catalyst for future proxy wars, central bank robbery of citizens, and wealth destruction. Fake CPI data comes out on friday. --------------------------------------- Unless some of these things have a serious turnaround in the next 3-12 months, the market will not turn fundamentally bullish. Sure, we might get a suckers' rally, but until we get a huge bailout or many of these conditions improve, there is absolutely no reason to lean heavily towards risk-on and everyone MUST do their fiduciary duty of capital preservation. With that said, there is opportunity all around if you look hard enough. Do not use your capital to price yourself into a mispriced market. Let me know what you think! Thanks for taking a look and don't forget to hedge your bets!
CME_MINI:ES1!Short
by fringe_chartist
1
DXY FORECAST AND COMMENTARY - DOLLAR INDEXI have actually had this fib pulled for quite some time now but the damn this just won't tag the yellow line (88.29). Id be long on the dollar if it could get to, or under 89 but so far it looks to keep me waiting. My guess is over the long haul we will see a pull back to the green line and then another long period of time as it travels back down to the yellow line finally giving me the pleasure of dying happy. But there is still a great chance of it dropping and hitting the target in just a few weeks. Any ways thought I would pop this up here just for fun. I'm marking this neutral because I'm bearish on the dollar but would like to be bullish if it would get under 89.
TVC:DXY
by SatoriTrades
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Monday! Little late start on the write up this morning. I'll be brief with what i'm seeing. -Bears held down bulls on Friday -Gap up this morning is bullish, but below the golden line makes it suspicious - Plugged in a weekly channel thats noticable - Still consolidating for a big move in the future. playing ping pong, up and down right now. Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: pushed more down. bearish Morning Crew: gapping up under the golden line. seems tricky Futures Crew (/ES) Consolidating still Two big numbers today: For Bulls: 3390 For Bears: 3300 Resistance levels (Pre-Market) 336.66 (See Shared Chart) Support levels (Pre-Market) 335.76 (See Shared Chart) Gaps 356.37 - 357.48 337.7-338.52 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
1
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Friday! Yesterday was pretty uneventful. But it shows the bears are in control today. Think about it this way. The bulls had two days to break price level. They got stopped. Now we have a lower high on the hourly. The break out around 330 left a large gap, they could've filled it and ran it slowly up to the gap. Instead they decided to fill the smaller gap up top. We don't have a higher low yet, and the last time bear played around, they proved they could bring things down fast. Fast forward, and now we're gaping down into the gap below. Two out comes today. They fill the gap quick and bounce out to set a higher low - leaving in consolidation. or The fill the gap and close under it, leaving room to test the 322 area again If they bounce out of 330, we know the breakout was legit and the bulls want to work for a higher high. Also consider, there's now a new gap up to 335.02 Intraday will give more details regarding today's move. Graveyard Shift / Morning Crew Graveyard Shift: nothing special. rode up to the weekly S/R Morning Crew: gapping down into the gap. bearish. Futures Crew (/ES) Consolidating down to retest the breakout at 3260. the goal posts are spread wide for both sides Two big numbers today: For Bulls: 3360 For Bears: 3260 Resistance levels (Pre-Market) 332.83 (See Shared Chart) Support levels (Pre-Market) 330.62 (See Shared Chart) Gaps 356.37 - 357.48 337.7-338.52 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this president: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
2
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Thursday! What to say about yesterday...Part bear trap, part bull trap, all antics. I got tricked on yesterday like many others. What's the takeaway? Market still wants to continue up. Bulls are looking to target the 340 mark Bears looking for 322.5ish On an up trend in a channel. The weekl S/R lines are going to be important, as well as the golden dailies. Bulls have a little bit of a gap to fill at 338.29-338.52 Bears still have 331.66-329.58 below Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: nothing special. rode up to the weekly S/R Morning Crew: gapping up. feeling some pushback into the gap. not getting above this area early is going to produce some weakness. Futures Crew (/ES) 3365 was the number for the bulls yesterday. They seem to have secured it for now. 3405 is the next target for them. bears will want to keep numbers under 3345 to prevent bulls holding 3360 Two big numbers today: For Bulls: 3405 For Bears: 3345 Resistance levels (Pre-Market) 338.72 (See Shared Chart) Support levels (Pre-Market) 337.26 (See Shared Chart) Gaps 356.37 - 357.48 337.7-338.52 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
2
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Wednesday! Bears worked down into the gap. Didn't get the complete fill, but it's coming. Market makers enjoy creating these gaps and floating around before dropping again. Starting to become a little too noticable. Anyways, bulls broke out of a downtrend and set their high. Yesterday looked to be the start of us going to retest the breakout area. Number is around 328.75ish. Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: nothing special Morning Crew: gapped down more into the gap. Buyers showed up to get above yesterdays close. Futures Crew (/ES) After the monday rocket, things are trying to retrace back to the breakout. consolidate & pullback is the pattern right now. Similar to yestreday, so no change in the numbers right now. Two big numbers today: For Bulls: 3365 For Bears: 3320 Resistance levels (Pre-Market) 333.5 (See Shared Chart) Support levels (Pre-Market) 331.05 (See Shared Chart) Gaps 356.37 - 357.48 337.7-338.52 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Tuesday! Bulls worked to keep their gains from the gap up yesterday, but will it hold? Bulls are inbetween a rock and hard place. 335 is gonna pose a challenge upward, and 332 is where the bears like to show up. Still got a gap open and somebody somewhere is looking at it... Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: nothing special Morning Crew: Nothing speacial Futures Crew (/ES) Bullish rocket launch from last week. If gravity is to do its normal move, bears are going to come and retest some spots. 3360 ish where the bulls are getting held at for now, with 3330 a hold for bears. Wheres a target for both? Two big numbers today: For Bulls: 3365 For Bears: 3320 Resistance levels (Pre-Market) 334.75 (See Shared Chart) Support levels (Pre-Market) 333.6 (See Shared Chart) Gaps 356.37 - 357.48 337.7-338.52 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
5
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Monday! Bulls are working their way back up the breakdown candle starting last week. 330.85ish is what the bulls need to stay above to continue their climb. Expecting that the breakdown level of 333ish start getting tested again, since they didnt do it last week. All things considered, looking at this as consolidation from a pullback conducted within a long term uptrend. Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: nothing special Morning Crew: Gapping higher. Right near the 333 retest level. As normal, there's a little gap available to trade at 329.58 Futures Crew (/ES) Bulls making a large rush to get away from the 3200 important area of support. Looks like they're aiming for 3400 to retest longer term. This is an important resistance area. Bears expected to show. Two big numbers today: For Bulls: 3365 For Bears: 3310 Resistance levels (Pre-Market) 333.52 (See Shared Chart) Support levels (Pre-Market) 332.64 (See Shared Chart) Gaps 356.37 - 357.48 337.7-338.52 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
2
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Thursday! Quite the meltdown yesterday. I wasn't anticipating it going to the 322 range. But this area is slightly contentious. What's some of the possibilities? Bulls could play heavy defense around 320.5ish. They would need to hold this area. Bears would want to drive under 320.5ish. Looking to target something lower. Starting with 315. Then, it's gonna sound crazy, but 300 as a mid term target. Lots of sale volume on the pullback with institutions showing some skepticism on the rise. Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: nothing special held 322.5 Morning Crew: Gapped lower. Working the weekly S/R Futures Crew (/ES) Massive breakdown yesterday. Bears looking to crack 3200. Bulls need to get back above 3270 and hold to make anything possible. Below 3200, bears next target is around 3182.5 Two big numbers today: For Bulls: 3270 For Bears: 3200 Resistance levels (Pre-Market) 323.34 (See Shared Chart) Support levels (Pre-Market) 320 (See Shared Chart) Gaps 356.37 - 357.48 337.7-338.52 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Wednesday! Yesterday bulls worked a slow steady climb to the big 330. Looks like 332 is the target. This was the beginning area for the breakdown and should pose a nice resistance on the first test. Gap has been filled so the remaining gaps are few and far. 337.7-338.52 would be the next closest. What's the plan look like today? Expecting resistance around 332. Bears would like to retest some lows before bulls go driving back up. The breakdown was quick and fast, and the longer bulls linger under the important numbers, the more chances bears have for another drive down. Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: nothing special Morning Crew: Gapped up, but early bears drove down. got a bearish scent to it. Futures Crew (/ES) Bulls coming back up through breakdowns. 3300 was the first goal mentioned yesterday. They're trying to prove their hold of this price. Next target is 3320 & 3330, looking up to 3360, Bears would like to work back under 3300 as a start. Driving next to 3260 Two big numbers today: For Bulls: 3320 For Bears: 3300 Resistance levels (Pre-Market) 331.59 (See Shared Chart) Support levels (Pre-Market) 330.42 (See Shared Chart) Gaps 356.37 - 357.48 337.7-338.52 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
7
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Tuesday! Yesterday seemed to be a double shake out. Bull trap falling knife all day until the bear trap into the last hour. Everything is going to plan for a pullback to retest the breakdown area though. Looking for the big number test of 332.75. May or may not happen today. But it's a thought. Besides that, we still have the gap to fill during normal hours. Next gap to fill is 327.73-327.13 Just riding the wave back up would be abnormal behavior. Bears would normally get stopped out at a higher low before giving the keys back to the bulls to drive. It would be reasonable, if bears were serious, to try and retest some numbers from yesterday. Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: filled the gap that i was looking for all day -.- Morning Crew: Gapping up, bullish. shy of the breakdown low. this is bearish. getting mixed signals. would be wise to see market direction first. Futures Crew (/ES) working a retest of the breakdown at 3300. expecting a rejection first. bears will want to keep things under 3250 to try and rework a test of 3220 Two big numbers today: For Bulls: 3305 For Bears: 3250 Resistance levels (Pre-Market) 328.52 (See Shared Chart) Support levels (Pre-Market) 326.77 (See Shared Chart) Gaps 356.37 - 357.48 337.7-338.52 331-330.06 327.73-326.63 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Monday! Bulls getting worked over by the bears at the moment. Made the comment on Friday that we should have expected a breakdown soon. Gaps were on the mind and that's where we have ended up going. Next gap to fill is 327.73-326.66 If market opens below the gap, bulls would like to get the market up and above the gap, holding 328 If the market opens above the gap, bears will work down to 326.5 and try to break under. 327.1ish is the important breakout line for the bulls. They'll want to hold this on the hourly to find a way back up 323.66ish is the important line for the bears to get under and drive lower. Expect fighing at 325 -325.5 Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: Tried to work up above 332 but came up short Morning Crew: Gapping down, under the gap. Even more bearish than a gap down. Futures Crew (/ES) Breakdown happened. Now the bulls are going to try a pullback. 3280 would be a 50% pullback. If the bulls arent hol 3260 though, then the bears will drive down even more. Two big numbers today: For Bulls: 3305 For Bears: 3200 Resistance levels (Pre-Market) 326.62 (See Shared Chart) Support levels (Pre-Market) 324.9 (See Shared Chart) Gaps 356.37 - 357.48 337.7-338.52 331-330.06 327.73-326.63 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Friday! Looks like yesterday was a fight for the bulls. Started with a buy the dip crowd. Went on a sell off to the golden line 332.8ish. Then finished with short covering/buy the dip. How would the market paint the chart today? Closing above 336.8 is the bulls target (higher high) Closing under 334 would be the bear target (lower low) Inbetween is indecision for now. (lower high, higher low) Either way, still in the bear flag consolidation. Breakdown happens under 332. Got an inverted cup and handle about to form (if they fill the gap and stop). Tough to call with surprises always baking in the oven. Bear flag in a longer bull flag. Still got gaps to fill. Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: Closed under the Daily S/R. Bulls been struggling here. Morning Crew: Gapping down, climbing up. bearish on its face. Futures Crew (/ES) Looks like a breakdown is in the future. 3300-3310 is being picked on. with the bears getting there a lot quicker than the bulls can climb back up. Two big numbers today: For Bulls: 3415 For Bears: 3300 Resistance levels (Pre-Market) 336.15 (See Shared Chart) Support levels (Pre-Market) 334.89 (See Shared Chart) Gaps 356.37 - 357.48 337.7-338.52 331-330.06 327.73-326.63 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Thursday! Fed always brings interesting developments. Bulls got the rejection trying to push 342.5 again. What stands out to me is the timing and intensity of yesterday. Everyone was prepared for the speech, market was priced in on the news, the expected news was released, resulting in rejection at the high of flag consolidation. Today the jobless numbers release, tagging another new story to the decline. So what's happening today? Looks like gap chasing is in the books. The flag consolidation mentioned in bear case yesterday was the story. so, bulls find safety above 331. If its the breakdown day, bears will work to the gaps below. If bulls really wanted to flex, they let bears prusue the gap and drive it up real quick, bears could work the same way but from yesterdays close then down. Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: Closed under the weekly S/R. very telling of bull strenght right now. Morning Crew: Gapping down, right above the next important weekly S/R. Showing lots of weakness right now. Futures Crew (/ES) Getting the the 1,2,3 on 3300. this is going to be the third tap and if the bulls dont hold, its down down down Two big numbers today: For Bulls: 3340 For Bears: 3300 Resistance levels (Pre-Market) 335.64 (See Shared Chart) Support levels (Pre-Market) 332.8 (See Shared Chart) Gaps 356.37 - 357.48 ??? - 338.81 331-330.06 327.73-326.63 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Wednesday! Met with another late save by the bulls yesterday, what could the market be planning? It's the notorious 'hump day', which is coming with a nice surprise, Fed talk. 1800GMT = 2:00pm EST How convenient, 2 o' clock drop crew enjoys appearing around this time. *People have been inquiring on the "2 o'clock drop". There's no scientific or quantitative to back this claim. It's an anecdotal observation. Market mover's have been appearing around this time in recent past, more than twice, so there's a pattern that can be conjectured. No gurantee it's at 2pm, that the market will go down, or that it even happens. It's a hunch based off market characteristics at best. In any case, market got saved at the last minutes yesterday. Bulls have a target in mind, and they don't want bears coming in yet. How are thing looking today? Bulls Case: Stayed above the weekly S/R Made a 'higher high" on the daily Gapping up Decreasing sell volume Bear Case: Rejection below the golden line (342.5) In bear flag consolidation from the high Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: Drove up to find resistance at 341 Morning Crew: Gapping up this morning. Bulls are looking to cap 342.5. Bears are driving them down from a open at 342.76. Withing reach, bulls will want it sooner than later. Futures Crew (/ES) Bulls climbing the stairs up. Theyll want to be cautious around 3420. There should be a little pushdown on this second tap. but keep pressure up, theyll bust through it. Two big numbers today: For Bulls: 3420 For Bears: 3370 Resistance levels (Pre-Market) 342.76 (See Shared Chart) Support levels (Pre-Market) 341.58 (See Shared Chart) Gaps 356.37 - 357.48 331-330.06 327.73-326.63 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
1
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Tuesday! Yesterday was a bull rescue of a day. Today is a make it or break it for them now. What's the crystal ball saying? Bulls Case: Working back up to the breakdown candle 342.5 Saved a bull trap unfolding yesterday CAHOLD (Close Above High Of the Low Day) gapping up Bear Case: Stopped bulls closing above the weekly S/R Still in the breakdown candle Daily indicators are in favor of bears right now With the gap up this morning, bulls are trying to work out of this breakdown area. Bears would need to strip confidence early and keep pressure down to get the snowball rolling in their favor. As bulls prep for their push above 342.5, caution should be exercised. important numbers today? 340 & 342.5 up 334 down Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: Nothing Special. But 338 was the saving area. Its a clue Morning Crew: Gap up. Tight range. Bulls want to keep pushing up on the 342 area to get their break out. Futures Crew (/ES) Bulls climbing the stairs up. Theyll want to be cautious around 3420. There should be a little pushdown on this second tap. but keep pressure up, theyll bust through it. Two big numbers today: For Bulls: 3420 For Bears: 3365 Resistance levels (Pre-Market) 341.66 (See Shared Chart) Support levels (Pre-Market) 340.6 (See Shared Chart) Gaps 356.37 - 357.48 331-330.06 327.73-326.63 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
2
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Monday! Last week had a couple trap days and gap fills. But what's the path forward saying? The daily shows the pattern of an attempted pullback, but it was promptly squashed. It's not an easy call for this week, but here's some things to consider. Bulls Case: Friday close was an inside bar of Thursday. Heavy support going into the gap @ 331 Close above an important weekly S/R Bear Case: Stopped a 38% pullback, implying heavy pressure downward Eliminated weeks of gains in a few days. There's still gaps to fill under, down to 326 (which is also the big breakout since Aug) All things considered, bears don't seem satisfied yet. It most certainly isn't the "big one" everyone hopes for. There's lots of significant supports that need to be held under. important numbers today? 340 & 342.5 up 332.8ish & 331 Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: Nothing Special. Morning Crew: Gap up. Tight range, suspicious Futures Crew (/ES) Coming back up in the flag channel. Bulls will need to cap and hold 3425 to get anywhere special. Bears on the otherhand need to cap 3300 Two big numbers today: For Bears: 3425 For Bulls: 3300 Resistance levels (Pre-Market) 337.83 (See Shared Chart) Support levels (Pre-Market) 337.08 (See Shared Chart) Gaps 356.37 - 357.48 331-330.06 327.73-326.63 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
15
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Friday! Yesterday was a wash for the bulls, and Wednesday was a wash for the bears. So, little bull trap, little bear trap. On the daily we're getting consolidation. Bulls defended 332.5. Bears defended 342.5. Thats the channel that the market is working with for now. important numbers today? 332.75 on the low side 340.5 on the high side. Fridays are usually floaters, but seeing this is a 4 day week, market may try and pack some more action. Bouncing ball is happening, and the more bear tap 332.8, the more theyll want to break it. Average % swing this week is 2.46. Premarket is hovering around 335 Range 343.24 -326.75 Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: Nothing Special. Short coverings. Morning Crew: Gap up. Little bullish, but nothing crazy. Futures Crew (/ES) Consolidation, bulls floating around. Two big numbers today: For Bears: 3308 For Bulls: 3422 Resistance levels (Pre-Market) 337.23 (See Shared Chart) Support levels (Pre-Market) 335.82 (See Shared Chart) Gaps 356.37 - 357.48 338.05 - 342.29 331.18-330.06 327.73-326.63 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
5
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Thursday! Yesterday was a little bit of a wash for the bears. Gap was filled by the bulls. Bears made a late appearance slightly to test the hourly support line. Lets take a recent historical event similar to this. June 8-11th there was a -6.99% drop Sept 2-8th (equal to 3 trading days) there was a -6.85% drop June 12th retracement above important weekly S/R Sep 9th retracement above important weekly S/R June next 3 trading days got above the .5 fib This week are we setting up for the same event? the .5 retracement is super close to the top of the flag channel. Its a possibility... Intraday will give more details regarding todays move. Graveyard Shift / Morning Crew Graveyard Shift: Nothing Special Morning Crew: Gap down, drive up. Looking to open gap up. Bullish start. Futures Crew (/ES) Bulls and bears battled it our last night at yesterdays resistance zone. Bulls seemed to have come out winning so far. Two big numbers today 3415 & 3441.25 bulls need to cap 3415 and make a rush to 3441.25 would expect a resistance push there. but maintaing 3415 is the goal today Resistance levels (Pre-Market) 341.68 (See Shared Chart) Support levels (Pre-Market) 338.04 (See Shared Chart) Gaps 356.37 - 357.48 338.05 - 342.29 331.18-330.06 327.73-326.63 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
5
SPY Daily Commentary | S/RLooking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Wednesday! Hump day. Middle of a down week. What's expected? Couple scenarios: 1) Bear flag continuation. Target 324ish 2) Tag & Reverse at weekly S/R of 332 3) Gap fill (342.3ish) - Get near bear flag channel top (345.41) - proceed down 4) Miss gap - stairwalk to 332 Intraday will give more details regarding todays move. Gaps below seem like juicy targets. The difficult area is going to be a break and hold of 332 for the bears. Graveyard Shift / Morning Crew Graveyard Shift: Drove through the gap. Bears flexing, they can clean it up if they so please. Morning Crew: Gap up. Kinda bullish, the gap from Friday is going to be a battle ground right now. Futures Crew (/ES) Bulls trying to work their way back up. Couple levels they need to cap and hold to gain ground. 3385 3395 3402 May be safe to resistance zone this as 3385-3405 Resistance levels (Pre-Market) 337.82 (See Shared Chart) Support levels (Pre-Market) 335.16 (See Shared Chart) Gaps 356.37 - 357.48 338.05 - 342.29 331.18-330.06 327.73-326.63 Extras On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results. Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence: Black Solid Bold (Weekly S/R) Gold Solid (Daily S/R) Dashed Black (Hourly S/R) Blue Line (Target S/R) Pink Line (Gap Target) Shared Chart www.tradingview.com Weekly Projection None this week. If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
3