RiderTrader

RiderTrader

AMEX:SPY December 24, 2024 15 Minutes Holding 590-591 uptrend for a possible target 597-598.5 Positive bias because as expected yesterday held 587-588 levels.

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AMEX:SPY December 23,2024 15 Minutes The gap down at open managed to retrace 61.8% of the fall 605.67 to 580.91 For me trend is down as below all moving averages. For the rise 580.91 to 595.75 it is important to hold 587-588 levels today. Base is under formation after the big fall. I have no trade today.

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AMEX:SPY December 20, 2024 15 Minutes. As expected base being formed after brutal fall. Still in downtrend as below all moving averages. We can see oscillator divergence. We have multiple hits around 586 levels. If break. i see more 10$ downside towards 576 levels. To test 100 average support 240 minutes chart. No longs. Yet.

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AMEX:SPY December 19, 2024 15 Minutes. The breakdown below 598 was expected to be bad. But this was brutal. Chart completely messed up. Needs days to align again. There was a 30$ difference in daily between 9- and 100-day averages. Hence, I was very hesitant in going longs. No trade day today for me. Any retracement up to 598 is a sell. As can be seen all...

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AMEX:SPY December 18, 2024 15 Minutes. Downtrend intact. AMEX:SPY below 50,100 and 200 averages. Any pull back to 605-606 levels will be shorted. My Initial target is 600 which is also 200 averages in 60 minutes. I will go long at the moment only above 608 levels.

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AMEX:SPY December 11, 2024 15 Minutes. Short still on. For the last fall 606.44 to 602.14 61.8% retracement is 604-605 levels. I expect resistance on retracement around those levels. Since price below 200 averages downtrend intact in 15 minutes time frame. On downside 599- 600 is a good level to cover short. It is also 100 averages in 60 minutes time frame

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AMEX:SPY December 10, 2024 15 Minutes. 605 as expected was done. Downtrend confirmed as long AMEX:SPY is below 607 levels. 607 is 200 averages in 5 minutes and 61.8% retracement for the fall 609.07 to 604.08 This 606-607 is a level to short. For the rise 597.28 to 609.07 61.8% retracement is 601-602 levels. Soif 604 is broken today 599-600 is my target...

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AMEX:SPY December9, 2024 15 Minutes. As can be seen in chart AMEX:SPY struggling around 608 609 levels. The retracement i was expecting due to oscillator did not happen but it resulted in sideways movement. For the rise 597.28 to 609.07 604.5 is approximately 38.2% retracement. Also for the fall 609.07 to 607.07 to 608.38 605 is 1.618 times extension on...

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AMEX:SPY December 5, 2024 15 Minutes 60 Minutes Gaps not getting filled. Very strong uptrend. Being a moving average and Fib trader i do not have a setup for fresh entry or short. At the moment if any pull back 60o is the number to watch. It is 9 moving averages in day, and 38.2% retracement for the move 587.43 to 607.91. AMEX:SPY not even breaking 21...

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AMEX:SPY December 3, 2024 15 Minutes. No change in my view. Oscillator divergence. A pull back to 600 is what I am expecting by Thursday. No Longs at the moment.

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AMEX:SPY December 2, 2024 15 Minutes. AMEX:SPY is tired. 603 targets achieved. But no strength. The move from low 595.20 to 603.35 is not smooth. Soe the last rise fro, 587.43 to 603.35 $ SPY need to hold 598 levels being 38.2% retracement. For the last rise 597.28 to603.35 599 must hold. I expect AMEX:SPY to be 598.5 to 603 levels today and tomorrow so...

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AMEX:SPY November 27, 2024 15 Minutes. AMEX:SPY made high 601.33. Oscillator divergence. So expecting a rtetracement. For the rise 595.2 to 601.33 598 is a good number to add longs. It is also 38.2% retracement SL at the moment in 15 minutes is 597

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AMEX:SPY November 26, 2025 Gap up was not sustained. HL is still maintained. For the rise 587.42 to 600.86 need to hold 594-596 levels for uptrend to continue in 15 minutes. That retracement will also be 100 averages in 15 minutes. Assuming 587.43 to 600.86 as wave 3, being a long one I expect wave to be small move from 601-603 levels. Provided 594 is...

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AMEX:SPY November 25, 2024 15 Minutes On Friday as expected 596 was done. A box is formed. tight sideways move. So, on Monday for the rise 584.64 to 596.15 holding 591 levels uptrend will continue in 15 minutes time frame. Noe for the 611.07 to 583.8 AMEX:SPY has retraced more than 61.%. So, for the moment any retracement I expect 584 to hold on...

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AMEX:SPY November 22, 2024 15 Minutes. The gap up at open was managed will and 584 is still holding up good. Now for the last rise 587.43 to 595.12 AMEX:SPY need to hold 590 today to continue uptrend in 15 minutes. I will sell only when AMEX:SPY goes below 589 for 584-585 SL 590.5 for today. The gap up made on 6th November is holding good and AMEX:SPY ...

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AMEX:SPY November 21, 2024 15 Minutes. AMEX:SPY had a retracement. managed to hold the recent low at 583.86. Now we have HL pattern. 584 becomes important now. So if today we are able to hold 584 short term uptrend intact. SPy has fir target 592 levels being 200 averages in 15 minutes as resistance. At the AMEX:SPY is above all moving averages except 200.

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AMEX:SPY November 20, 2024 15 Minutes. AMEX:SPY had a gap down. But did not break the recent low of 583.86 which I have taken as the starting point for current move. It took support at 200 averages in 60 minutes and started to move up. Noe for the move 583.86 to 589.49 to the fall 584.02 the first target is 592-593 levels as in box. In 15 minutes, we have...

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AMEX:SPY November 19, 2024 15 Minutes for the rise 574 to 600 it retraced back 61.8% to 584 levels. For the fall 595 to 583 it retrace 61.8% levels to 589.5 yesterday. The range give earlier buy above 583 for 589 590 is done. For the last rise 583.86 to 589.48 AMEX:SPY retraced 50% to 587 levels. So, holding 586 we will have a target 589-592 levels...