AMEX:SPY May 31, 2024 60 Minutes. As expected, 522 was achieved. 21 ema of daily done. In Both daily and 60 minutes the bar making ATH is the issue. It had close near low of bar. Hence long for higher target is only above 533.5 levels with close near top of bar. Yesterday i had shared A, B And C. And said B and C was important for the day. Today i will...
AMEX:SPY May 30,2024 15 Minutes. At the moment long only above 533.07 for any higher targets. A The rise from 493 to 533 B The rise from 519.74 to 533.07 C the fall from 529.9 to 525.39 AT the moment these are the 3 important numbers. At the moment I will consider B and C only. For the rise B important to hold 524 levels being 61.8% retracement for the...
AMEX:SPY May 29, 2024 15 Minutes The steep fall from 533.07 to 524.73 is getting sorted out. Sideways consolidation. For the risefrom 524.73 to 530.5 AMEX:SPY has retraced nearly 61.8%. Consider the last rise from 527.11 to 529.8 holding 528 levels i have a target 530 - 532 levels and on downside if 527 is broken possible target is 524-525 levels. So being...
AMEX:SPY May 27, 2024 15 Minutes For the day my range is fixed between 532 - 524. All moving averages have converged in 15 minutes. For the sharp fall from 533.07 to 524.73 AMEX:SPY resisted around 618% retracement being 530 levels. If a consider the rise 524.73 to 530.27, holding 526.5 today i have a target 530 - 532. If AMEX:SPY closed below 526.5 in...
AMEX:SPY May 24, 2024 15 Minutes. AMEX:SPY opened gap up. Close was bad. as it closed near low of bar. Having expected 534 on upside, short opportunity came easily. We have 2 issues. AMEX:SPY made ATH. But close in daily and week so far is bad. Near low of bar. So, if today we have a closure near end of bar in week. Next week we will have downtrend. So...
AMEX:SPY May 23, 2024 15 Minutes. Once more day. 531 became a tough nut to crack. As expected once 529 broke we have a low near 527.5 levels. For the last rise from 499.55 to 531.56 23.6% retracement is 524 levels. in 15 minutes for the rise from 520.56 to 531.56 61.8% retracement is 525 levels. Today as expected in 15 minutes AMEX:SPY too support at 200...
AMEX:SPY May 22, 2024 15 Minutes. Oscillator divergence getting sorted out. At the moment sell below 529.7 and buy above 531.75. If NASDAQ:SPT crosses 531.75 with bar having close near top, we can buy for 534 range. And if it closes below 529 with bar close near low of bar i will short for 527.5 levels which also is possible 200 average during the day. For...
AMEX:SPY May 21, 2024 15 Minutes For the rise 525.18 to 531.52 4SPY earlier had retraced to 527.33. Being 61.8% retracement usually it will make double top. On that basis AMEX:SPY hit 531.56 today. It retraced to 529.17. Therefore 527.33 can be treated as HL. Now that number should hold for uptrend. Hence if we consider the rise from 527.33 to 531.56 ...
AMEX:SPY May 20, 2024 15 Minutes AMEX:SPY managed to hold 527.5 as marked in char with a rectangle box. AMEX:SPY making a series of LH, LL pattern. So considering the rise 527.33 to 529.5 must hold 527.5 528 levels for uptrend. And if we take that fall from 531.52 to 527.33 AMEX:SPY need to cross 530 for any longs as it it represents 61.8% of...
AMEX:SPY May 17, 2024 15 Minutes. AMEX:SPY managed to trade between 521*532 and 527-528 yesterday. The current uptrend is stalled and getting ready for the next up move towards 534-535 provide it holds 525 levels. For the day holding 527.5 uptrend is intact. At the moment AMEX:SPY below 9,21 and 50 moving averages in 15 minutes. Hence possible target is...
AMEX:SPY May 16, 2024 15 Minutes. AMEX:SPY opened gap up. Since long was confirmed as the rectangle was broken out the previous day, i waited for a good close of bar. I bought around 527. I had earlier marked the extension for the range 515 to 522.66 to 519.74. This gave a 1.618 target as 532. For the day, since I always believed gaps are strong if not...
AMEX:SPY May 15, 2024 15 Minutes The SPY is not retracing. It is resolving divergences and aligning moving averages through sideways movement. Now as expected once 522.75 was crossed we are back in business. I will consider two numbers. The rise from 515.15 to 532.582 and 520.56 to 523.82. Maintaining a hold at 518.5 is crucial for the former, while for the...
AMEX:SPY May 14, 2024 15 Minutes. As expected, the oscillator divergence is playing out. Sideways until sorted. Yesterday we had a gap up open and could not sustain and the first bat had close near low of bar. We have 9,21,50 and 100 moving averages around 520 levels. 200 is about 517. For the day if SPY opens gap up above 522.7 I do not expect it to...
AMEX:SPY May 13, 2024 15 Minutes. Had a gap up on Friday. I sold into strength. I had a view of 522 levels with bias down as oscillator divergence. We can see the divergence more prominent now. Also, if you see in daily the rise is steep and 9 averages is around 512 and 21 around 508 levels. And in one hour chart we have the 522.63 bar having close near low...
AMEX:SPY May 10, 2024 15 Minutes. Holding 516, (yesterday low was 516.70) 520 target was achieved. At the moment i have 2 issues. Positive is uptrend, above all moving averages, Stochastic black bar on top, did not become red on any pullbacks, Elloitt oscillator green and CCI green. Negative is Elliott oscillator divergence (price making higher but not...
AMEX:SPY May 9,2024 15 Minutes. No trade day. Neither the sell below nor buy above was triggered. Uptrend looks like getting sorted out. AMEX:SPY has moved from 503 to 518 levels. And yesterday gap down open after 3 days of gap up did not hold. The first in 15 minutes gap down had close near top of bar and never broke the low during the day. We have 100...
AMEX:SPY May 8 ,2024 15 Minutes. As expected, AMEX:SPY was in sideways. Forming a HH, HL pattern. For the last rise from 514.89 to 518.87 it retraced 61.8% yesterday around 516.5 levels. So, for the day I will buy above 518.6 and sell below 515.6 for a target 513.5 to 514. I expect a move only above 520 at the moment. Need to cross the 519-520...
AMEX:SPY May 7,2024 15 Minutes. AMEX:SPY managed to stay above 510 levels. Now we have 100 and 200 also near 510 levels. Now holding 513 levels uptrend intact. 513 is the 61.8 % retracement for the fall 524.61 to 493.86. 510 is important because it is 38.2% retracement for the rise 599.55 to 516.61. For the day holding 514 levels i have a target 518-519...