$SPY Analysis, Key Levels & Targets for Day Traders for Sept 26
No video again tonight but here is the trading range. Implied move is between 566 - 573 on the day. We’re above the top of the implied move right now with where futures take it so be careful if we open elevated and don’t get back into the implied move right away, that’s a squeeze setup right there.
Don’t forget Powell speaks today in the morning and we have GDP both of which could bring that down, but if we stay elevated be careful of a squeeze.
Stupid Willy is pointing down.
35EMA has been holding us up since FOMC and it’s right in the middle today.
GL, y’all… I’ll keep you up to date on the wifi situation and hopefully videos will resume soon.
Don’t forget Powell speaks today in the morning and we have GDP both of which could bring that down, but if we stay elevated be careful of a squeeze.
Stupid Willy is pointing down.
35EMA has been holding us up since FOMC and it’s right in the middle today.
GL, y’all… I’ll keep you up to date on the wifi situation and hopefully videos will resume soon.
Comment
Comment
Ok, so the things to note here are that FIRST, we closed completely within the implied move.
And SECOND, the 35 EMA caught the drop.
If you’ve been watching my channel you know how important those two things are.
We made all time highs today, right at open, and then dropped back to close within the implied move. If you had a mechanical order, bear call spreads at 573/574 they closed up 100% today. Great job.
YouTube Channel youtube.com/@spyderqueentrading (Almost DAILY updates, come play)
I am not your financial advisor.
I am not your financial advisor.
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