AMEX:SPY September 19, 2024 15 Minutes. For the fall 568.68 to 560.84 buy is above 566 only. I will go long on a retracement at 554-555 levels. Will short only below 550 levels as of now. Last 8 bars are not good in chart. So, no trade today.
AMEX:SPY September 18, 2024 15 Minutes AMEX:SPY managed to make an ATH at 566.57. Now for the rise 539.95 to 566.57 it is important to hold 560. Below that weakness can be seen for a target 554 +-1 levels. So shorting is not worth. If AMEX:SPY manages to hold 563-566 levels, we can see 574 +- as a target for the longs. A retracement is on cards due to...
AMEX:SPY September 17, 2024 15 Minutes. AMEX:SPY held on to 560 levels yesterday, Now in 563 range. SO, for the rise 559.9 to 563.11 must hold 561 today. Tomorrow is D day. No trade day today. At the moment 554 - 557 is very strong support on downside. They are 100 average supports in 15- and 60-minutes time frame
AMEX:SPY 14, September 2024 Weekend views. Uptrend confirmed. I will be worried only if 510 is broken as of now. On daily my target is 580 levels initially. This is derived from 1.5 times extension for the move 348 to 459 to 409 levels. On Monday if AMEX:SPY is able to cross 564-565 levels and hold for at least one hour we can see a big move towards 580...
AMEX:SPY September 13, 2024 30 Minutes We achieved near 560 levels as expected. Now for the rise 539.95 to 559.38 holding 554-555; levels we have a target 564-566 levels. I am expecting good moves next week, if today at close moving averages line up nicely. I still expect 563-566 levels to provide strong resistance. We have multiple tops in that ara in all...
AMEX:SPY September 12, 2024 15 Minutes. AMEX:SPY managed to hold recent low of 539.44 by making a low 539.95 and reversing. So again it touched top of channel as seen and bounced back. Even the close of 539.95 bar was good being at top of bar, we have oscillator making LL for the two lows 543.4 and 539.95. Hence i expect a retracement first. Considering the...
AMEX:SPY September 10, 2024 15 Minutes. As expected, 546-547 done. not to short as it broke, retraced back to top of channel and bounced back from 544.19. So, for the fall 547.72 to 544.19 holding today 545 levels we can see uptrend probably to 550-552 levels being 200 averages. 539 levels formed a base as discussed couple days ago. So, for the rise 539.44...
AMEX:SPY September 9, 2024 15 Minutes. AS expected, AMEX:SPY being under all moving averages in 15 minutes kept on making lows for 2 days. Now if we consider the fall 551.58 to 539.44 then 544-546 is a good level to short. I will but only above 565 at the moment. If we take the rise from 510 to 564 AMEX:SPY has retraced 50% of the move. Now holding 530...
AMEX:SPY September 4, 2024 15 Minutes AMEX:SPY opened gap down. Since close was not good in that bar buy was not possible. I did not short for the day. I need AMEX:SPY below moving averages 9,21 to short. That came only around 556 levels with 559 as SL. So, i was not sure of R:R hence no short. Now for the day the rise from 518 to 564 has 546 -547 as 38.2%...
AMEX:SPY August 9, 2024 15 Minutes. Short was wrong. I was concentrating on Diversion. Missed the fact that my stochastic green bar line was on top. Meaning it was bought on pullback. So, trade was closed. I will consider the last rise 557.1 to 564.20. Will enter at retracement 560 levels for long. But first hurdle is 565.
AMEX:SPY August 30, 2024 15 Minutes. Shorted yesterday at 560 levels. Today for the fall 563.68 to 557.18 561 is 61.8% retracement for the fall. Since AMEX:SPY below all moving averages i will hold the short. As written for the rise 518.05 to 563.91 I am expecting a 23.6% retracement. We have an oscillator divergence. So only above 564 I will be closing at...
AMEX:SPY August 29, 2024 15 Minutes. AMEX:SPY made a low 555-556 levels once 558 was broke. Today for the fall 562.05 to 555.04 559-560 is a good level to short as AMEX:SPY made LL without any divergence. 555-556 should give strong support. The next level to watch is 553.
AMEX:SPY August 28, 2024 15 Minutes Yesterday AMEX:SPY managed to hold 558 levels even though it opened gap down. Today for the rise 558.32 to 562.05 holding 560 levels uptrend will continue. I will go long above 562.5 levels for 564 to 565 as target for today. A good close could take us to 567 this week if 558 is held. The lower levels are still intact...
AMEX:SPY August 27, 2024 15 Minutes. Yesterday AMEX:SPY had a gap up 563.91 and could not sustain. So, for the day considering the last rise 554.98 to 563.91 holding 558 is important. If that is broken 200 averages in 15 minutes is broken and AMEX:SPY in weak in this time frame. Once 558 is broken and close near low of bar we will take the last rise from...
AMEX:SPY August 25, 2024 15 Minutes. From August 20, 2024, AMEX:SPY has sorted out the divergence issues. It was in the range 556 to 563 and moving averages are consolidated. For the week i have target 565, and if crossed 570. In 5 minutes if you consider 554.98 as current low=, if an extension is drawn from 554.98 to 563.1 to 557.29, we gat 570 as 1.68...
AMEX:SPY August 20 ,2024 15 Minutes. For the rise 548.88 to 559.58, holding 555 levels uptrend continues for te day. A retracement to 552 will give an opportunity to add longs.
AMEX:SPY August 19, 2024 15 Minutes. Friday AMEX:SPY was struggling around 55 levels as expected. All moving averages are little far off for 15 minutes chart. Hence, I expect sideways until this is sorted out. Considering 2 rises From 531.76 to 555.01 From 548.88 to 555.01 AMEX:SPY in uptrend for the day holding 551 levels. And if breaks 551 levels i have...
AMEX:SPY August 16, 2024 AMEX:SPY achieved the target 554 being 1.618 extension. Nor if we take the numbers 493 to 565 to 510 100% extension is around 580 levels. But the issue is 510 is 78% retracement for the rise 490 to 565. Hence 566 crossing will be an issue. AMEX:SPY had 2 days gap up unfilled. So being strong move I expect resistance around 556...