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AMEX:SPY August 14, 2024 15 Minutes. The extension drawn from 510 to 531.59 to 518 achieved its target of 540 today. As said it was a no trade day for me as i had no setup in 15 minutes. AMEX:SPY held the gap today and as written many times gaps need not get filled. In fact, unfilled gaps denote strength. If we consider the fall 554.86 to 510.28 AMEX:SPY ...

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AMEX:SPY August 13, 2024 15 Minutes. AMEX:SPY as expected 535 was for me initially. Moving averages are falling in line. Today holding 528-529 levels i expect 534-535 levels. If % AMEX:SPY manages to get 9,21 and 50 averages in line tomorrow we will get a good trade. So, for the day 528-529 must hold. No trade ay for me.

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AMEX:SPY August 11, 2024 15 Minutes. AMEX:SPY made high around 534 as expected. If we draw a parallel channel form 510, we can see AMEX:SPY taking support at midline of channel. Hence making HH HL pattern. Connecting all the HL as a channel again we can see AMEX:SPY getting resisted at midline of this channel. We are having an oscillator divergence for...

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AMEX:SPY August 9, 2024 15 Minutes Opened gap up. Second bar close was good. Near top of bar and going below low of first bar. So bought around 524 for 528.5. trade over. Now AMEX:SPY above all averages except 200 in 15 minutes. So, for the day considering the rise from 518.05 to 531.3, holding 523 524 levels i have a target 532.5 to 535. If you draw...

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AMEX:SPY August 8,2024 15 Minutes Gap up was not able to sustain. And 529-533 was resistance as expected. Now for the day i will take 2 numbers. The rise 510.28 to 531.59 The fall 531.59 to 518.05 The rise has retraced 61.8%So holding 514 levels is crucial for the day. And for the fall 526 level could be resistance on a retrace. So, i will sell below 514...

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AMEX:SPY August 7,2024 15 Minutes Buy above 524 was triggered. Closed the trade around 528 levels around 100averages. Now for the rise 514.9 to 529.75 AMEX:SPY has retraced 50% to 522 levels. So today holding 520 levels we can expect a target for 529 to 533 levels. On reverse, i will sell below 518 for 511 range.

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AMEX:SPY Aug 6, 2024 15 Minutes. AMEX:SPY managed to hold above 505 yesterday. We take 3 numbers The fall 554.86 to 510.28 The fall 533.17 to 510.28 The fall 523.58 to 514.9 For the first fall AMEX:SPY made lL but oscillator also LL. Hence sell on rise probably until 538 is crossed. For the second fall AMEX:SPY even with gap doen yesterday AMEX:SPY ...

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AMEX:SPY August 5, 2024 Levels broken. We have to take from two lows, 409 and 493 500-502 is 200 average in daily. Today premarket has broken 61.8% levels of 494 - 565 rise. If we take the low from 409 then 38.2% retracement for the move 409 to 565 is 505 levels. That will be 10% correction and probably 200 average supports. Have to see if it...

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AMEX:SPY August 2, 2024 15 Minutes AMEX:SPY was not able to hold 554 555 levels. So, it gave a chance to said earlier it closed below 21 moving averages. For the day taking the fall 554.86 to 539.43 then 546-548 will be a good level to short. So, holding 541 -542 today I will try for a sell on rise. On other side if close below 539 as said earlier I will...

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AMEX:SPY August 1 ,2024 15 Minutes. 547 consolidations broke with a big gap up. And AMEX:SPY managed to hold the gap during the day. If we consider the rise from538.51 to 551.5 then holding 544 uptrend continues. However, since it will close gap, I need 548 to hold being 38.2% retracement of the rise. Once 554-555 is crossed i expect once more AMEX:SPY ...

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AMEX:SPY July 21, 2024 15 Minutes. 547 was resisted. For the day consider the fall and rise from 547.34 to 538.51 and 538.51 to 543.66 For the fall AMEX:SPY retraced nearly 61.8%. So, for the rise must hold 541 today to target 200 averages around 546-547 again. Downtrend in 15 minutes intact as long as AMEX:SPY below 15 minutes.

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AMEX:SPY July 30, 2024 15 Minutes. AMEX:SPY was in the range 524 to 547 as expected. The steep fall from 565 to 537 resulted in moving averages being far away. That is getting sorted out and now downtrend until 200 averages is crossed on upside in 15 minutes. I expect a resistance around 547 to 548 levels being previous few bars' highs and 200 average...

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AMEX:SPY July 29, 2024 15 Minutes. After the fall from 565 AMEX:SPY is in sideways consolidation and building base. For the fall 556.74 to 537.45 AMEX:SPY has retraced 38.2%. For the rise 538.13 to 547.19 AMEX:SPY retraced 50%. Since the numbers are below 200 averages downtrend in more probability. So, for the day holding 540-542 levels i expect 545.6...

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AMEX:SPY July 26, 2024 15 Minutes. The short below 549 worked out well. Oscillator divergence around 555 to 565 played out well in 15 minutes. Noe considering the move 565 to 546 to 556 we can expect 528 as target being 1.618 level for this move. However, 535-536 is 200 averages in 3-hour time frame, hence that will be the first target. And in 15 minutes we...

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AMEX:SPY July 24, 2024 15 Minutes. AMEX:SPY made a high 556.74. So, close the longs at 556 as it was a fib target. For the rise 547.9 to 556.74 AMEX:SPY retraced to 553 levels which is 38.2% retracement. And for the last fall from 556.74 to 553.27 61.8% is 555.5. So, I will buy above 557 and sell below 549 only. We are having 557 as 200 averages...

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AMEX:SPY July 23, 2024 15 Minutes. The gap up helped AMEX:SPY to achieve 554-555 easily. At the moment gap not filled in 15 minutes. So, this move is good. If we draw extension from 547.9 to 554.46 to 551.03. we have first target as 557 to 561 levels. So, consider the last rise from 551.03 to 555.27 AMEX:SPY need to hold 552 levels to continue the...

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AMEX:SPY July 22, 2024 15 Minutes. The Oscillator divergence did not sort out between 563 - 565 levels. Now again we have a divergence as AMEX:SPY making LL but oscillator did not make LL. So, a bounce back expected for the fall 559.53 to 547.9. The 61.8% retracement is 555 levels. We could be resisted in this at 552.5 being 50-day average. If we take the...

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AMEX:SPY July 17, 2024 15 Minutes. 564 was taken out near close. Today holding 562 I expect a target 567-568 for this move and possible 571-572 levels next week. Oscillators need to sort out divergence. And we have a solid 10% move in XETR:AMEX : IWM last couple days.