RiderTrader

RiderTrader

AMEX:SPY November 20, 2024 15 Minutes. AMEX:SPY had a gap down. But did not break the recent low of 583.86 which I have taken as the starting point for current move. It took support at 200 averages in 60 minutes and started to move up. Noe for the move 583.86 to 589.49 to the fall 584.02 the first target is 592-593 levels as in box. In 15 minutes, we have...

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AMEX:SPY November 19, 2024 15 Minutes for the rise 574 to 600 it retraced back 61.8% to 584 levels. For the fall 595 to 583 it retrace 61.8% levels to 589.5 yesterday. The range give earlier buy above 583 for 589 590 is done. For the last rise 583.86 to 589.48 AMEX:SPY retraced 50% to 587 levels. So, holding 586 we will have a target 589-592 levels...

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AMEX:SPY November 16, 2024 For a change target came without much of drama. Could not short the previous day. So had no trade. For the week: 5 Minutes: We had multiple LL and managed to close HL HH pattern. Oscillator divergence can be seen. 9,21, 50 averages converged. So, expecting a bounce to 589 - 592 levels being 100 and 200 averages. 200 averages in 5...

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AMEX:SPY November 15, 2024 15 Minutes. Box broke yester at close. I did not take the short. Expecting 586-587 initially. For the fall 599.23 to 592.65 if I get a retracement 596 levels I will short. I don't think its happening.

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AMEX:SPY November 14, 2024 15 Minutes. We are in an interesting setup. Foe the fall 600.17 to 594.37 AMEX:SPY retraced 599 levels. That is 78% retracement of the fall. Also, we have a 599 top earlier on 12th November too. And for the rise 594.99 to 599.23 AMEX:SPY has retraced 61.8% to 596 levels. Both denotes a limit of double top or double bottom...

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AMEX:SPY November 13, 2024 15 Minutes. Nothing much to do. Waiting for retracement to 592 levels. LH LL at place. Flat price movement on top. Converging moving averages. 200 averages around 589 levels. So, I will wait. For the retracement to happen. I will be tempted to sell 595 for 592 intraday. Provided no gap down at open. I usually do not go long...

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AMEX:SPY November 9, 2024 60 Minutes. Run-away gap in action. Hence very strong uptrend. Got weakened on Friday. As we can see we had 2 lows. 568.44 and 567.89. Oscillator divergence. Hence if we draw extension now, we have first target 607 levels. The consolidation I need is not happening. Moving averages setting up nicely. In order. 9,21,50,100 and200 in...

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NASDAQ:IBIT November 7, 2024 Weekly. First time we have a close above all highs and near top of bar too. We have to wait and see Friday Close. For the last rise 33.47 to 43.63 holding 38.5 to 39 is important. I entered around 40 levels. Holding for a target 48 initially. After consolidation in that level i expect a good move.

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AMEX:SPY November 7, 2024. 60 Minutes. For the rise 567.89 to 591.93 holding 580 levels is crucial for uptrend to continue. 580 is the top of gap for the fall as marked in red box. Hence if i take the rise from 574.69 to 591.93 581 levels is important in smaller time frame. I need AMEX:SPY to close above 593 for a target 640+ My views are same from...

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AMEX:SPY November 5, 2024 15 Minutes. For the extension from 539 to 575 to 565 AMEX:SPY made 61.8% of the move at 586 levels. For the fall 583.32 to 568.44 it retraced 50% to 575.5 levels. Now we have a sideways in box range between 575 to 567. Bias id down as AMEX:SPY below all moving averages. The positive side we have is for the lows 568.44 and 567.86...

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AMEX:SPY November 1, 2024 15 Minutes. Gap down did not allow to initiate any short which were closed earlier around 579 levels. 575 supports did not hold and AMEX:SPY continued to make lows. For the large rise 539.95 to 586.12 4SPY retraced to 38.2 % levels and also 50-day average in daily. If this is not supported, we can expect 558-=562 levels which is...

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AMEX:SPY October 31, 2024 15 Minutes. Still within the box. For the fall 586.12 to 574.41 4SPY retraced 78%. So double bottom is what Hence, expect. For the fall 583.32 to 576.36 582 is the level to short for 578-579. If this is broken, we can expect 576 levels which is 200 averages in one hour time frame. The issue we have at the moment in one hour is ...

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AMEX:SPY October 30, 2024 15 Minutes. Shorts closed at open gap down. So, 578 579 managed to hold. Nowe this box needs to get sorted out. Sideways till then For the day The rise 578.43 to 582.91 580 needs to hold for uptrend to continue. On downside if 578 is broken and close of bar near low 575-576 is the low I see. So not worth shorting. At the...

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AMEX:SPY October 29, 2024 15 Minutes For the fall 586.12 to 574.41 AMEX:SPY retraced 78%. Hence, I expect only a double bottom for this move. For the rise 574.41 to 584.46 AMEX:SPY retraced 61.8%. So, holding 576 uptrends to continue. In 60 minutes 575-576 is 200 averages. So, the shorts initiated yesterday will be covered at 579. If I get a lower. I am...

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AMEX:SPY October 26, 2024 15 Minutes. Gap down on Wednesday made the trade go south. AMEX:SPY below all moving averages. For the fall 584.46 to 578.08 582 583 is a good level to short. I will buy above 585 only. Need to see on Monday how this turns out.

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AMEX:SPY October23, 2024 15 Minutes. One of those days. Did not break 585 or 580 for any trade. For the day we can see the LL made oscillator divergence. Hence holding 582.5 we can expect 585-586.5 for this move. I am looking for a trade for the move 585.5 to 589 holding 582.5.

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AMEX:SPY October 22, 2024 15 Minutes. The downward bias target 580 was done yesterday. AMEX:SPY bounced back with a good bar with close near top of bar once 580 was done. This was 9 averages in daily. For the fall 585.39 to 581.60 AMEX:SPY retraced 61.8% to 583.5 levels. For the rise from 565.27 to 586.12 AMEX:SPY has retraced 23.6% levels. So today...

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AMEX:SPY October 18, 2024 15 Minutes. One of those flip flop days. SL was hit. At the moment below all moving averages in 15 minutes except 200. At the moment looks like a double top in 15 minutes supported by Eliott oscillator divergence. I prefer not to trade today. Bias is downside towards 580 levels.