Actionable SPY daytrade levels
With the current range of the market, these are the levels that I currently see as being actionable to exit trades when closed outside of, although we are coming into a new zone and the average daily range could change. An hourly close outside of those zones indicates a trade going that way. I did this using historical data, and high volume / low volume node analysis. I backtest to ensure that when a candle closed out side of one of these zones, even if retracing it always made its way back. Range is all that is left to be discovered, unless fear in the market turns it into much more bearish movement and we break through multiple on a daily.
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