Looking for support and resistance lines?
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Happy Friday!
Yesterday was a wash for the bulls, and Wednesday was a wash for the bears.
So, little bull trap, little bear trap. On the daily we're getting consolidation. Bulls defended 332.5. Bears defended 342.5. Thats the channel that the market is working with for now.
important numbers today?
332.75 on the low side
340.5 on the high side.
Fridays are usually floaters, but seeing this is a 4 day week, market may try and pack some more action. Bouncing ball is happening, and the more bear tap 332.8, the more theyll want to break it.
Average % swing this week is 2.46.
Premarket is hovering around 335
Range 343.24 -326.75
Intraday will give more details regarding todays move.
Graveyard Shift / Morning Crew
Graveyard Shift: Nothing Special. Short coverings.
Morning Crew: Gap up. Little bullish, but nothing crazy.
Futures Crew (/ES)
Consolidation, bulls floating around.
Two big numbers today:
For Bears: 3308
For Bulls: 3422
Resistance levels
(Pre-Market) 337.23
(See Shared Chart)
Support levels
(Pre-Market) 335.82
(See Shared Chart)
Gaps
356.37 - 357.48
338.05 - 342.29
331.18-330.06
327.73-326.63
Extras
On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results.
Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence:
Black Solid Bold (Weekly S/R)
Gold Solid (Daily S/R)
Dashed Black (Hourly S/R)
Blue Line (Target S/R)
Pink Line (Gap Target)
Shared Chart
www.tradingview.com/chart/oOetWWMH/
Weekly Projection
None this week.
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
Like the idea and follow me for intraday SPY commentary!
Happy Friday!
Yesterday was a wash for the bulls, and Wednesday was a wash for the bears.
So, little bull trap, little bear trap. On the daily we're getting consolidation. Bulls defended 332.5. Bears defended 342.5. Thats the channel that the market is working with for now.
important numbers today?
332.75 on the low side
340.5 on the high side.
Fridays are usually floaters, but seeing this is a 4 day week, market may try and pack some more action. Bouncing ball is happening, and the more bear tap 332.8, the more theyll want to break it.
Average % swing this week is 2.46.
Premarket is hovering around 335
Range 343.24 -326.75
Intraday will give more details regarding todays move.
Graveyard Shift / Morning Crew
Graveyard Shift: Nothing Special. Short coverings.
Morning Crew: Gap up. Little bullish, but nothing crazy.
Futures Crew (/ES)
Consolidation, bulls floating around.
Two big numbers today:
For Bears: 3308
For Bulls: 3422
Resistance levels
(Pre-Market) 337.23
(See Shared Chart)
Support levels
(Pre-Market) 335.82
(See Shared Chart)
Gaps
356.37 - 357.48
338.05 - 342.29
331.18-330.06
327.73-326.63
Extras
On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results.
Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence:
Black Solid Bold (Weekly S/R)
Gold Solid (Daily S/R)
Dashed Black (Hourly S/R)
Blue Line (Target S/R)
Pink Line (Gap Target)
Shared Chart
www.tradingview.com/chart/oOetWWMH/
Weekly Projection
None this week.
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
Comment:
Giving it some time. Pressing the pre low, bears want to go somewhere first. Gap target in mind.
Comment:
bulls trying to feed the fuel, but bears in control right now
Comment:
above the pre support at the moment. bears will go and restest it more than likely. if bulls hold firn they can work to the pre high.
Comment:
got the gap tap.
bulls will need to bounce and hold. working up above the pre low and golden line of 336.7ish
bulls will need to bounce and hold. working up above the pre low and golden line of 336.7ish
Comment:
lacking bull support at the moment.
bears looking to make a move
bears looking to make a move
Comment:
large spreads right now. getting a move out of the bulls.
Comment:
bulls looking for the 335.8 to break and hold.
Comment:
Broke 335.8ish again. can the bulls survive a retest?
Comment:
looking ahead,
probably can expect a short squeeze as bulls work up. 337.75 is a good start
probably can expect a short squeeze as bulls work up. 337.75 is a good start
Comment:
back under the pre low again.
bears playing some hardball.
333.9 is the last save spot for bulls. but for them to get higher high today. theyll need to get above the golden line.
bears playing some hardball.
333.9 is the last save spot for bulls. but for them to get higher high today. theyll need to get above the golden line.
Comment:
bulls have been losing it since the premarket low couldnt be confidently capped.
bears driving under some important supports with ease.
one more gap below, bears looking to fill that.
bears driving under some important supports with ease.
one more gap below, bears looking to fill that.
Comment:
bears found a bottom.
bulls gonna try climbing back up to 335ish
bulls gonna try climbing back up to 335ish
if that move to 334 is swift out the gate. we should see a bounce from there. but the bulls will need to cap and stay above pre low to prove buying is in the cards today.