08/06 SPY ATR Levels and RangeLooking for these ATR levels, volume, price action and technical confluence to make decisions. Seems like its a waiting on your hands kind of day, honestly I think once the Olympics is over and citizens return to their countries, something on a GEO scale may happen, thats my speck on this. Otherwise Harris to drop her VP choice, the debate is still on schedule, the tensions over seas is still building. The only report I see on the table is the 11:00 AM Total Household Debt Q2. Not sure how impactful that will be on things. My overall feeling is neutral at the moment. I like to see what the market does and reacts before making any type of move or decision. ATR on spay is 6.48, again, A larger number than the last 6 months of this year. I suspect and caluculate that due to the massive selloffs that have been taking place all over.
SCALP
SR2 521.67
SR1 520.83
SPOP 520.00
LAST PRICE 519.16
SBREAK 518.32
SS1 517.49
SS2 516.65
STANDARD
R2 527.52
R1 524.30
POP 522.38
LAST PRICE 519.16
BREAK 515.98
S1 513.44
S2 511.75