SPYder_QQQueen_Trading

SPYder_QQQueen_Trading

AMEX:IWM Analysis, Key Levels & Targets for Day Traders Expected move for Today, Feb 5 2025 Expected Move between 224 - 230 Just look at that 35EMA challenging the move under the 30min 200MA. It is underneath and bearish unless it crosses back up. Tried to make a run for the 50 Day moving average but looks like it’s getting pulled back down by the MA crosstown.

SPYder_QQQueen_Trading

NASDAQ:QQQ Analysis, Key Levels & Targets for Day Traders Expected move for Today, Feb 5 2025 between 518 and 531 35EMA testing the 30min 200MA, and we are neutral here until we find a direction above the 35EMA or with the 35EMA sliding under the 30min 200MA to go lower…

SPYder_QQQueen_Trading

AMEX:SPY Analysis, Key Levels & Targets for Day Traders We are starting right under the 35EMA and under the 30min 200MA which is a bearish signal. We have a green signal line still and the 50Day Moving Average isn’t too far away. We’re at a critical level with the 35EMA and 30min 200MA and that’s what I’ll be watching. Expected move today between 5985 to...

SPYder_QQQueen_Trading

AMEX:SPY Analysis, Key Levels & Targets for Day Traders We are sitting right at the 35EMA above the 30min 200MA which is still bullish. We have a green signal line, and we are above the 50 Day Moving Average. We do have a bearish signal which is the 1hr 200MA trading underneath the 50 Day moving Average So we are have mixed signals today, leaning bullish but...

SPYder_QQQueen_Trading Updated 

CRITICAL LEVEL - for the 35EMA and the 30 min 200MA - It can bounce here and we remain bullish - or we bring the 35EMA under the 30min 200 and its bear time... IWM right now is seeing a little bit of resistance around the 225 level which is so funny to me how often we see that level. We’re at the 30min 200 MA and the 35 EMA just above us and that is a critical...

SPYder_QQQueen_Trading Updated 

So the trading range for QQQ has a lot of moving averages running through it possible support we did reclaim the 50 day moving average that one hour two and moving average is still pointing down here the 30 minute and the 35 EMA is trading still bullish and we just filled that gap. The top of the implied move is at 525 and I would be looking at 526 527 bear call...

SPYder_QQQueen_Trading Updated 

Look at the difference here in SPX compared to SPY how the 30 minute 200 moving average was a resistance yesterday. So when in doubt choose SPX because SPY trades off of SPX so right now 30 minute two hundred moving average is right above us . just underneath that down gap and that 35 EMA is coming down and if it crosses underneath then we’ve gone on this...

SPYder_QQQueen_Trading Updated 

So in today’s trading range, we are just a little bit above the 50 day moving average that level is in focus above that we have the 30 minute timeframe 30 minute trading under the 35 EMA that is still bullish. There’s not a whole lot of momentum Here right now we got pushed back from all time highs last week and pushed right back to the 50 day moving average,...

SPYder_QQQueen_Trading

This is still the trading range for the week. I re-calculated everything after yesterday’s one standard deviation trading range because of the overnight gap down, but this is the implied move from the beginning of the week. Momentum on that 50 day moving average is starting to slow down but overall DIA looks pretty healthy here. That 50DMA is running along the...

SPYder_QQQueen_Trading Updated 

All right this trading range is based on the one standard standard deviation movement off of Friday’s closee We gapped down underneath the downward facing one hour 200 moving average into the up gap from January 17 which was a previous support on January 27. Now we are underneath it. We’re making lower lows and we also gapped underneath the 30 minute two hundreds...

SPYder_QQQueen_Trading Updated 

IWM dropped right into the island gap at open, which was near 221 which is the bottom of a one standard deviation move off of last Friday’s close. So I think this is where we’re going to see bottom on the day that I’m not calling bottom for a larger downturn but for the day, yes a possible move back up to one hour to average which as you can see is still pointing...

SPYder_QQQueen_Trading Updated 

And DIA so I did things a little bit differently here today and I actually kind of like it. This is the expected move on the week which we did open at the bottom of at 4:39 and then we also have the one standard deviation move on this contract, which takes it down to 435. We did get caught on that 30 minute tun removing average you could see that nice strong...

SPYder_QQQueen_Trading Updated 

wow guys look at how much chaos is in our trading range today. We are trading in between the 50 day moving average to 30 minute two and moving average to 35 EMA and the one hour 200 moving average we’ve been sideways for the past two days in between those levels, if that we have island and then 528 as the top of the expected, move and if we break underneath it 513...

SPYder_QQQueen_Trading Updated 

So we are at the bottom of the one standard deviation move off of last Friday’s clothes which is 512. This could be the bottom of the day heading up towards the 50 day moving average and if we do drop a little bit lower 511 is on Tuesday’s contract and then we have a support gap underneath that so for the day very likely we are close to the bottom here but of...

SPYder_QQQueen_Trading

All right same thing over here as in SPY this trading range is based on the one standard standard deviation movement off of Friday’s close We gapped down underneath the downward facing one hour 200 moving average into the up gap from January 17 which was a previous support on January 27. Now we are underneath it. We’re making lower lows and we also gapped...

SPYder_QQQueen_Trading

All right, so Tuesday and Wednesday we tapped the top of the expected move on the week and then pulled back yesterday to the 35 EA so we did close right at the 35 EMA just underneath it yesterday. And today so far futures are down and we have a Read signal line. Expected move on the day 442 to 452, and on the week 438 to 450 so keep a close eye on that 450....

SPYder_QQQueen_Trading

Yesterday we closed underneath the 35 EMA right now so far where futures are at they are up .91% that would take us just underneath the 50 day moving average with the top of the implied move at 230 231 for tomorrow. Underneath us, we have the four hour two under moving average and 225. You could see that both of those levels did catch us underneath that the 30...

SPYder_QQQueen_Trading

All right today is the day after FOMC and some big earnings and because we had big earnings yesterday we have a pretty wide trading range today so just because we are options are we could have a more volatile day The expected move on today’s contract is between 5980 and 6095. We did close underneath 35EMA and we have a red signal line. If we get about the 35...