08/12 SPY ATR Levels and Rangethe ATR of SPY still sits in the $7.08 area. Thats pretty good from a month ago where it was in the mid 4$ area.
With much much tension building up Russian, Israel, Iran, domestically, Trump with Elon on X tonight, PPI (tuesday) CPI (Weds) Jobs reports (Thurs), I think we move up today for a few reasons., the previoulsy mentioned and in preperation for the reports this week.
We have a level of 528.50 to look for in the even of any pullbacks, could this happen.. sure it can, anything can happen.
We got premarket highs of 535 so I like this level to hold on any pops for a push further up. We got plenty of range and positions between here and 550, not saying 550 is a target of any kind, but we have traded up here already last month, so we got people with position and hedges up here.
I dont know what exactly I am looking for except VOLATILITY.
Def will watch for Price action, volume and reasons for any of my moves through the actual volume profile and the tape, good luck and be safe everyone and anyone.
SCALP Ranges and values (smaller percentages of ATR)
SR2 537.14
SR1 536.22
SPOP 535.30
LAST PRICE 534.38
SBREAK 533.46
SS1 532.54
SS2 531.62
Standard ranges and Values (deeper percentages of ATR)
R2 543.58
R1 540.04
POP 537.92
LAST PRICE 534.38
BREAK 530.88
S1 528.08
S2 526.22