ATR for the SPY siting at 4.27 - WE have 10am and 1030am reports on Crude and Gas from the FOMC, Powell still testifying about the economy in front of the senate. E2nd quarter earnings are on the way this is going to a be busy month. Looking for good reports to come out of tomorrow, so they might be buying up the Momentumn into theser reports tomorrow. But they might also be selling to bring it lower to bring it back up again.
If we get a pullback, I would expect it into the 555.50area for Yesterdays low range, if we break that, then I will follow the ATR lines and look for Volume and price action walong with the EMAs to help gauge a potential direction.
We are now dancing premarket dance around yesterdays high level of 557 (52 week high also). if we bust through that area after open, following my scalp lines and levels up to 558.86, potentially 559. If we get there, I believe the fight for 560 in underway.
God bless and good luck everyone.
If we get a pullback, I would expect it into the 555.50area for Yesterdays low range, if we break that, then I will follow the ATR lines and look for Volume and price action walong with the EMAs to help gauge a potential direction.
We are now dancing premarket dance around yesterdays high level of 557 (52 week high also). if we bust through that area after open, following my scalp lines and levels up to 558.86, potentially 559. If we get there, I believe the fight for 560 in underway.
God bless and good luck everyone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.