RiderTrader

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AMEX:SPY January 15th, 2025 15 minutes As the numbers are below 200 averages in 15 minutes, I will short. For the fall 595 to 575 we have ascillator divergence, therefore, taking 575.35 as the low, drawing extension for the move 575.5 to 585 to 578.35, we have a first target of 588 and second target of 594 levels For the fall 597.75 to 575.35 we have 0.618...

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AMEX:SPY January 9, 2025 15 Minutes. Down trend intact as of now. Yesterday high was 590 levels. we had two LL at 586 and 585.20. We had oscillator divergence and made a high 590 giving a 4-5 $ trade. For the fall 597.75 to 585.20 AMEX:SPY retraced 38.2 levels. 591-592 is again levels to short. In 15 minutes, buy is only above 593.5 levels for 599 as target.

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AMEX:SPY January 8, 2025 15 Minutes. 592 was broken. For the rise 580.5 to 599.7 AMEX:SPY has retraced 61.8%. For the fall 597.75 to 586.78 592 to 594 will be level to short SL 596 Since AMEX:SPY below all moving averages the short at 592 - 594 will give a target around 584-585 levels in 15 minutes. For the day long only above 596.

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AMEX:SPY January 7, 2025 15 Minutes. Yester opened gap up. But was not strong and started to reverse. So today holding 594-595 is important. It represents 23% retracement for the rise 580 to 599. Today buy will be above 598.5 and the moment I see 592 strong supports being 200 averages in 15 minutes. If you can go down to 5 minutes, we opened above 200 and...

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AMEX:SPY January 5, 2025 My first post for the year 2025. 60 Minutes. Downtrend intact. For the fall 602.47 to 580.50 50% retracement done as there a divergence for the 2 lows 580.91 and 580.50. So, for the rise 580.0 to 592.6 on Monday holding 587.5-589 levels we can expect 595 as initial target. for the steep fall from 607 to 580 i would like some more...

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AMEX:SPY December 27, 2024 15 Minutes. As expected, 602 gave resistance and AMEX:SPY managed to hold 597-598 yesterday. I expect a move today after 2 days consolidation. I will go long above 603 for a 3 to 4 $ move towatds 608-609 levels. Provided 597 is held today. A close below 597 will result i a 2$ trade. Possible. I prefer to go long above 602.6 -...

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AMEX:SPY December 26, 2024 15 Minutes. I had expected 200 averages in 15 minutes to be resisted. It broke and held on to that for more than 2 hours on the 24th of December. For the rise 592.25 to 601.34 it is important to hold 597 levels for uptrend to continue. It is also 21 averages in 15 minutes. For the larger rise 580.91 to 601.34 holding 593-594 is...

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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...