2023 support & resistance

It's important to know where the technical levels are when investing / trading. The most basic technical principal is support and resistance levels. Stock prices move because of the overall supply and demand of all market participants combined. There is a multitude of catalysts that can affect price action, such as newsworthy current events, fundamental earnings, seasonal patterns or macroeconomics. It's essential to know your numbers to accurately read charts. The practical application of understanding support & resistance levels guides an investor / trader the likely probability of accurately buying or selling at the right price.

These support & resistance levels can vary from simple to complex. There are horizontal levels, diagonal uptrend / downtrend levels, MA levels, broad range levels, R3, R2, R1, pivot, S1, S2, S3 Levels. Plus, the time frame can be short term, long term or a combination of time frames long or short analysis. The probability of support & resistance levels is accurate until there is a sustained breakout or breakdown, because market prices always change over time. To keep things basic, here's the 2023 support & resistance levels for DIA, SPY, QQQ & IWM on the 1-week (regular hours) chart 2021 to date view.

2023 support & resistance

DIA
R = 343.53
S = 314.97

SPY
R = 418.31
S = 377.83

QQQ
R = 321.63
S = 260.34

IWM
R = 199.26
S = 167.46

Comment:

5/5 expiry options data:

DIA
Put Volume Total 7,681
Call Volume Total 6,479
Put/Call Volume Ratio 1.19
Put Open Interest Total 18,863
Call Open Interest Total 12,128
Put/Call Open Interest Ratio 1.56

SPY
Put Volume Total 252,482
Call Volume Total 168,873
Put/Call Volume Ratio 1.50
Put Open Interest Total 803,090
Call Open Interest Total 355,710
Put/Call Open Interest Ratio 2.26

QQQ
Put Volume Total 111,711
Call Volume Total 76,895
Put/Call Volume Ratio 1.45
Put Open Interest Total 408,021
Call Open Interest Total 145,288
Put/Call Open Interest Ratio 2.81

IWM
Put Volume Total 32,980
Call Volume Total 22,060
Put/Call Volume Ratio 1.50
Put Open Interest Total 194,888
Call Open Interest Total 46,316
Put/Call Open Interest Ratio 4.21

Comment:

April 2023 close:

DIA = 341.02
SPY = 415.93
QQQ = 322.56
IWM = 175.22

Comment:

2000-2022 ROI

DIA
185.55% total
8.43% / year average

SPY
157.96% total
7.18% / year average

QQQ
176.83% total
8.04% / year average

IWM
282.95% total
12.86% / year average

2023 - April 2023 ROI

DIA
2.59%

SPY
8.21%

QQQ
20.07%

IWM
-0.41%

Comment:

2000 - 2022 Best & Worst

DIA
2013 = 26.72%
2008 = -33.97%

SPY
2013 = 29.69%
2008 = -38.28%

QQQ
2009 = 53.83%
2008 = -41.94%

IWM
2003 = 46.15%
2008 = -35.14%

Comment:

1 year view 16hr ext chart:

Comment:

DIA technicals update today 5/4:
1 day (16hr ext) chart, 1YR view, with pi RSI, Triangular Trend Channel ATR, Fibonacci MAI & VolumeFlow indicators.

SMA200 = 327.02
SMA50 = 330.79
1YR high = 349.99
1YR low = 286.82

VWMA20 TTCATR levels:
breakout = 355.04
R3 = 350.56
R2 = 346.08
R1 = 341.60
pivot = 337.12
S1 = 332.64
S2 = 328.16
S3 = 323.67
breakdown = 319.19

Comment:

SPY technicals update today 5/4:
1 day (16hr ext) chart, 1YR view, with pi RSI, Triangular Trend Channel ATR, Fibonacci MAI & VolumeFlow indicators.

SMA200 = 395.87
SMA50 = 402.71
1YR high = 431.73
1YR low = 348.11

VWMA20 TTCATR levels:
breakout = 435.96
R3 = 429.68
R2 = 423.39
R1 = 417.11
pivot = 410.83
S1 = 404.54
S2 = 398.26
S3 = 391.98
breakdown = 385.69

Comment:

QQQ technicals update today 5/4:
1 day (16hr ext) chart, 1YR view, with pi RSI, Triangular Trend Channel ATR, Fibonacci MAI & VolumeFlow indicators.

SMA200 = 294.11
SMA50 = 308.34
1YR high = 334.42
1YR low = 254.26

VWMA20 TTCATR levels:
breakout = 343.07
R3 = 336.64
R2 = 330.21
R1 = 323.77
pivot = 317.34
S1 = 310.91
S2 = 304.48
S3 = 298.04
breakdown = 291.61

Comment:

IWM technicals update today 5/4:
1 day (16hr ext) chart, 1YR view, with pi RSI, Triangular Trend Channel ATR, Fibonacci MAI & VolumeFlow indicators.

SMA200 = 181.31
SMA50 = 178.27
1YR high = 201.98
1YR low = 162.50

VWMA20 TTCATR levels:
breakout = 190.39
R3 = 186.53
R2 = 182.68
R1 = 178.82
pivot = 174.96
S1 = 171.11
S2 = 167.25
S3 = 163.40
breakdown = 159.54

Comment:

5/9/2023 pre-market update:

Comment:

5/9/2023 options data update

SPY 5/19 expiry options data:
Put Volume Total 57,897
Call Volume Total 40,235
Put/Call Volume Ratio 1.44
Put Open Interest Total 2,464,698
Call Open Interest Total 1,112,476
Put/Call Open Interest Ratio 2.22
Highest Volume call strike 415 / 4368
Highest Volume put strike 406 / 1501

DIA 5/19 expiry options data:
Put Volume Total 768
Call Volume Total 1,215
Put/Call Volume Ratio 0.63
Put Open Interest Total 45,851
Call Open Interest Total 23,068
Put/Call Open Interest Ratio 1.99
Highest Volume call strike 308 / 339
Highest Volume put strike 336 / 176

QQQ 5/19 expiry options data:
Put Volume Total 57,811
Call Volume Total 19,123
Put/Call Volume Ratio 3.02
Put Open Interest Total 1,304,509
Call Open Interest Total 723,695
Put/Call Open Interest Ratio 1.80
Highest Volume call strike 322 / 5267
Highest Volume put strike 315 / 11,185

IWM 5/19 expiry options data:
Put Volume Total 42,971
Call Volume Total 15,002
Put/Call Volume Ratio 2.86
Put Open Interest Total 1,080,214
Call Open Interest Total 486,811
Put/Call Open Interest Ratio 2.22
Highest Volume call strike 175 / 4841
Highest Volume put strike 170 / 23,948

Comment:

I got QQQ & SPY put hedges for next week expiry just in case of a rug pull by this Friday.

Comment:

YTD update 5/10/2023

DIA
+4.27 (1.29%)

SPY
+32.03 (8.41%)

QQQ
+60.66 (22.94%)

IWM
+1.01 (0.58%)

Comment:

This Friday 5/19 is monthly options expiration. So it's a fair probability to expect volatility by the end of this week.

Comment:

Options data update 5/16 2pm:

SPY 5/19 expiry options data:
Put Volume Total 216,707
Call Volume Total 173,494
Put/Call Volume Ratio 1.25
Put Open Interest Total 2,601,232
Call Open Interest Total 1,181,674
Put/Call Open Interest Ratio 2.20

SPY 6/16 expiry options data:
Put Volume Tota l118,460
Call Volume Total 34,868
Put/Call Volume Ratio 3.40
Put Open Interest Total 3,282,048
Call Open Interest Total 1,436,635
Put/Call Open Interest Ratio 2.28

DIA 5/19 expiry options data:
Put Volume Total 5,894
Call Volume Total 4,596
Put/Call Volume Ratio 1.28
Put Open Interest Total 51,856
Call Open Interest Total 34,172
Put/Call Open Interest Ratio 1.52

DIA 6/16 expiry options data:
Put Volume Total 1,851
Call Volume Total 1,421
Put/Call Volume Ratio 1.30
Put Open Interest Total 118,857
Call Open Interest Total 58,773
Put/Call Open Interest Ratio 2.02

QQQ 5/19 expiry options data:
Put Volume Total 111,698
Call Volume Total 82,541
Put/Call Volume Ratio 1.35
Put Open Interest Total 1,356,191
Call Open Interest Total 707,099
Put/Call Open Interest Ratio 1.92

QQQ 6/16 expiry options data:
Put Volume Total 122,443
Call Volume Total 87,685
Put/Call Volume Ratio 1.40
Put Open Interest Total 2,145,627
Call Open Interest Total 1,379,699
Put/Call Open Interest Ratio 1.56

IWM 5/19 expiry options data:
Put Volume Total 56,797
Call Volume Total 66,557
Put/Call Volume Ratio 0.85
Put Open Interest Total 1,079,966
Call Open Interest Total 502,381
Put/Call Open Interest Ratio 2.15

IWM 6/16 expiry options data:
Put Volume Total 97,352
Call Volume Total 22,566
Put/Call Volume Ratio 4.31
Put Open Interest Total 1,703,293
Call Open Interest Total 857,157
Put/Call Open Interest Ratio 1.99