RiderTrader

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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.

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AMEX:SPY October 17, 2024 15 Minutes. Shorted at 582.5 levels SL 584 Target 579-580 being 50and 100 moving averages. Cons: Price above 9,21,50,100. Elliott oscillator is also green This market is not good for shorting.

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AMEX:SPY October 16, 2024 AMEX:SPY retraced to 578.5 levels. Moving averages gaps are reduced. Downtrend as it is below all moving averages except 200 averages. For the rise 566.63 to 585.27 38.2 retracement done. For the last rise from 574.49 to 585.27 61.8% I done. Hence it is crucial for 4SPY to hold 576-577 levels today being 200 averages in 15 minutes...

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AMEX:SPY October 15, 2024 15 Minutes. Being a moving average and Fib trader it is difficult for me to enter when the difference is around 10$ is 200 averages for a 15-minute time frame. I prefer to sit for a retracement today for 578.5 to 580 levels. For today. I prefer to sit on side even though i have a target as written earlier 587 levels. And AMEX:SPY ...

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AMEX:SPY October 13, 2024 15 Minutes. As projected AMEX:SPY made a high 579-580 levels. Now the next target is 587 levels. But we have oscillator divergence now. And in daily AMEX:SPY far way by nearly 8 to 10 with respect to 9- and 21-day averages. So, for the rise 566.63 to 580.33 AMEX:SPY need to hold 576-577 levels for uptrend to continue. For the...

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AMEX:SPY October 11, 2024 15 Minutes. 575 was protected yesterday. Now we have 9,21,50 averages converged in 15 minutes. For the rise 566.63 to 577.71 holding 573.5 to 575 uptrend will continue to 579 levels. For the fall 577.58 to 574.59 need to cross 576.5 - 577 for 579 levels. The longs opened around 575 yesterday will be closed around 579-579.5...

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AMEX:SPY October 10, 2024 15 Minutes. 2 days patience paid off. AMEX:SPY broke 575 made a high 577.06 and retraced back to 575 to make a new high 577.71. So consider the 2 fibs Rise from 574..99 to 577.71. For this holding 575-576 is important. For the fib extension 564.49 to 573.36 to 566.63 (because two LL 566.24 and 565.49 had oscillator divergence)...

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AMEX:SPY October 8, 2024 Let the box sort out first. No point in drawing anything until a trend is known. Also, in 15 minutes below 200 averages. No trades for me. As per fib a buy above 572 will target 575 and sell below 570 target is 567- Not worth taking a trade.

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AMEX:SPY October 4, 2024 15 Minutes. Yesterday was sideways as expected. Today I will not take trade as AMEX:SPY closed below 200 and 100 moving averages in 15 minutes. If I get a good close above 572 and moving averages converge at close of day, Probably Monday will give a chance to entry. No Trade Day for me. Today too.

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AMEX:SPY October 3, 2024 15 Minutes. As expected, AMEX:SPY was in sideways sort out the two long bars of 1st October. For the fall 574.38 to 565.27 AMEX:SPY had retraced 61.88 around 570 levels. For the rise 565.27 to 569.9 AMEX:SPY had again retraced 61.8% of that move to 567 levels. Now AMEX:SPY made a low at 565.27 and we can see oscillator...

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AMEX:SPY October 1, 2024 15 Minutes. AMEX:SPY had retraced to 568 levels being 9 EMA in daily. And gave 6-point move. For the day due to long bars 571 572 must hold today. Holding this we can expect 578-580 levels as first target. Today should be sideways top sort out the 2 longs bars. No Trade Day for me

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AMEX:SPY September 30, 2024 15 Minutes For the fall 574.21 to 570.42 572 is a good level to short. First target is 569.5 to 570 levels. AMEX:SPY seems to have lost momentum on Friday. Looks highly possible to touch 200 averages in 15 minutes. This retrace will allow AMEX:SPY to begin next move upwards as in daily also it is around 9 ema around 569...

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AMEX:SPY September 27, 2024 15 Minutes. Holding 570-571 levels uptrend continues. These represent 50 and 100 averages in 15 minutes. Above 573+ i expect a good move today.

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AMEX:SPY September 26, 2024 15 Minutes. Yesterday was sideways. So today i expect the move. All moving averages converged. Took support in 100 averages multiple times in 15 minutes time frame. I expect a swift move once 572 is crossed. Will close longs below 568.

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AMEX:SPY September 25, 2024 15 Minutes. 568 was held yesterday. 570.5 was crossed and closed above too. Long setup activated. SL close below 569 Moving averages 9,21,50 and 100 have converged in 15 minutes. 200 averages are around 566 levels which should give very good support. I am expecting a move today or tomorrow. No time to short yet.

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AMEX:SPY September 24, 2024 15 Minutes. Looks like consolidation was done yesterday. For the fall 572.88 to 565.17 AMEX:SPY retraced to 570 levels which is 61.8% retracement. Now we have a range fixed. Sell below 565 and buy above 570.5 as long as the bar is closed near bottom or top on that breakout. Also, in for the rise from 565.17 to 570.34 AMEX:SPY ...

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AMEX:SPY September 21, 2024 Daily. I still have target 580 levels. Then a big move after consolidation. 60 Minutes Uptrend Confirmed. For the rise 539.95 to 572.88 holding 560-565 is crucial for further targte 580 initially. 556-558 should provide good support as it is 100 and 200 averages in 60 minutes time frame. Now we have oscillator divergence. SO ...

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AMEX:SPY September 19, 2024 15 Minutes. For the fall 568.68 to 560.84 buy is above 566 only. I will go long on a retracement at 554-555 levels. Will short only below 550 levels as of now. Last 8 bars are not good in chart. So, no trade today.