Alanger17

Alanger17

AMEX:SPY - Huge sell off across the board from FOMC news on Wednesday. SPY sold off down through previous Broadening Formation range reclaiming previous downside pivot just below 684. So with that in mind, we expand out of the BF below that pivotal low, or come back through range above it. With SPY currently setup to potentially go 3-2 daily, we look to see...

Alanger17

SPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we...

Alanger17

SPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we...

Alanger17

SPY Analysis: Month is 2U but back under previous M high and close to flipping red. Last week was 2D but failed to get to magnitude and closed red, but above the reversal trigger at previous week lows. Daily was 2D on Friday, so the daily actionable signal would be a 2D-2U reversal if buyers were strong enough to make a higher high on the daily come Monday. To get...

Alanger17

SPY - Closed previous D/W/M close to HOD after making new ATH, so the D/W/M all finished bright green. No evidence of sellers anywhere since every TF above the 60 is currently green. 60 closed slight green, but this can easily be justified as eod corrective activity since all 60 min candles before the last one of the day were green, and every TF above the 60 is...

Alanger17

SPY - Took a break mid last week from watchlists and trading. Looking at the daily chart, I am seeing a few things. We have a gap created, 2-2 reversal, and double engulfing weekly chart. Overall I think we are neutral/bullish from here, but one thing that concerns me is that gap to the downside. Monday I will be looking for a potential engulfing day if we can...

Alanger17

SPY - I mentioned yesterday I was bearish/neutral going into today and we got our bearish movement. Tomorrow is FOMC day. With that I am neutral and plan on not trading unless I see a perfect setup. I do hope we see bearish continuation but I have little to no reason to expect it Watchlist: COST and NVDA 2-1 daily setups. Not much else to say as I plan on...

Alanger17

(Short list again today) SPY - We were bullish going into the week/day if you saw my list last night. Got the upside we wanted early on before retreating back to open price. This shows me that we had a neutral/weak day and can expect neutral/weak movement tomorrow. With FOMC wednesday anything can happen, but I expect one more decent 2-3$ move before Wednesday....

Alanger17

SPY - Crazy finish to the week and month. Bulls absolutely controlled Friday and pushed us even higher on the weekly to create an engulfing week. We had super strong closes on the daily, weekly, and monthly. I cannot imagine a world where we don't push even higher next week. I would imagine we test the 418 and 420 levels at some point. Was not expecting this at...

Alanger17

Short Watchlist today. Will go into details from this week on sunday nights list for next week. SPY - Wanted consolidation or light pull back today and got a massive green day instead. Overall was not expecting this, but to be fair with the amount of dropping we did back to back leading up to today, I think it was fair to see this kind of range. Anyone who played...

Alanger17

SPY - Saw more downside as we had predicted last night. Made some solid range to the downside. I am expecting tomorrow to be a repeat of today or an inside day. We are reaching weekly downside exhaustion so I would say there is no reason to not be bearish... yet. But tomorrow could be a day of consolidation/retrace since we have had such big drops the past two...

Alanger17

SPY - Was bullish going into today due to 2-2 daily reversal. Obviously that prediction didnt go well, but we did trigger the 2-2 reversal on the weekly which was one of my goals for us for this week so I am pleased with that. We had an insanely bearish day today as well as a bearish close so I expect some more downside tomorrow at least in premarket or shortly...

Alanger17

SPY - I was neutral going into today. We started off the day by heading lower but not being able to break Friday lows before reversing and breaking Friday highs. This triggers a 2-2 reversal on the daily and now tells us we can potentially target last week highs. Overall going into tomorrow I am bullish and expect to break today's high either in PM or RTH. I would...

Alanger17

SPY - I was neutral going into Friday, but I did mention my bias if I absolutely had to choose one was bearish. We barely broke under Thursday's low before ultimately closing back around the open level. This is pretty much what I was expecting Friday to look like, and now it opens up a great opportunity for the upcoming week. We have our 4th failed 2 on the daily...

Alanger17

SPY - As mentioned on my list yesterday, I was cautiously bullish going into today due to the fact that we had a 2-2 reversal on the daily. We were not able to break highs of yesterday (Which I credit to bad ER from before the bell on big names like TSLA) and ended up opening lower on the day but fighting our way back up to fill premarket gaps before dropping back...

Alanger17

SPY - Went into today with a bearish bias. We opened lower than yesterday's low, but did not reach our 411 target. Instead we retraced over 50% of yesterday's range to form a failed 2D. Since we retraced over 50% we now can target Tuesday's high at 415.72. Overall I am bullish going into tomorrow, but only if we break today's high. Remember when trading with...

Alanger17

SPY - Completely on target today with yesterday's prediction. Wanted to see a push higher today which came premarket testing the 415 area and even testing the mid 416 area before dropping hard at open, and ending the day around the middle of the day's whole range to form a failed 2U. Normally with this I am looking to see if we got a 50% retrace of yesterday's...

Alanger17

SPY - I think today was like a 50% win 50% loss from our prediction yesterday. I wanted to head lower than Friday, which we did not get, and we closed green, but my prediction also said that I saw today being a pullback day or consolidation day, which it was. Tomorrow I am thinking we head higher and that is purely due to the fact that we had such a strong close....