Looking for support and resistance lines?
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Happy Wednesday!
Some energy building up near this all time high. The bulls have already set a new intraday high and would like to close a new high certainly.
Graveyard Shift / Morning Crew
Graveyard Shift: Kept the float going into the close. Nothing to see here
Morning Crew: Opened pretty high this morning. Consolidating under the all time high. They're not ready to give this area up so easily.
Futures Crew (/ES)
Getting pushback at the 3394. 3400 is the goal for the bulls at this point. No really visable flag formation on the chart that can give us a timeline of them wanting to break out. More like boiling water right now. It could go over if the heat stays up, but nothing to say they couldnt have a pullback before a push.
Resistance levels
(Pre-Market) 339.33
(See Shared Chart)
Support levels
(Pre-Market) 338.75
(See Shared Chart)
Gaps
331.18-330.06
327.73-326.63
Extras
Been pretty busy moving the last week so i haven't been able to post consistently. Should be back on a normal schedule now.
Shared Chart
www.tradingview.com/chart/oOetWWMH/
*This chart will be shared and updated all day. Come to this idea to get commentary all day for intraday playing. If you would like to know my thoughts for this week, see the chart below*
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 Wednesday!
Some energy building up near this all time high. The bulls have already set a new intraday high and would like to close a new high certainly.
Graveyard Shift / Morning Crew
Graveyard Shift: Kept the float going into the close. Nothing to see here
Morning Crew: Opened pretty high this morning. Consolidating under the all time high. They're not ready to give this area up so easily.
Futures Crew (/ES)
Getting pushback at the 3394. 3400 is the goal for the bulls at this point. No really visable flag formation on the chart that can give us a timeline of them wanting to break out. More like boiling water right now. It could go over if the heat stays up, but nothing to say they couldnt have a pullback before a push.
Resistance levels
(Pre-Market) 339.33
(See Shared Chart)
Support levels
(Pre-Market) 338.75
(See Shared Chart)
Gaps
331.18-330.06
327.73-326.63
Extras
Been pretty busy moving the last week so i haven't been able to post consistently. Should be back on a normal schedule now.
Shared Chart
www.tradingview.com/chart/oOetWWMH/
*This chart will be shared and updated all day. Come to this idea to get commentary all day for intraday playing. If you would like to know my thoughts for this week, see the chart below*
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:
Floating inbetween the arterhours high and low. gonna wait to see which way they want to lean today
Comment:
Got a bounce off the support low. Bulls looking to make the first move.
Comment:
bulls need to keep above the pre low at least.
theyd be better set up closing above the high of 339.10 on 5s and 15s to keep moving higher
at this point, 340 is a nice round number to get to
theyd be better set up closing above the high of 339.10 on 5s and 15s to keep moving higher
at this point, 340 is a nice round number to get to
Comment:
bulls fighting around the low now.
338.85 has been a consistent area of resistance before, and once they broke above it, they were able to keep going higher.
similar story to yesterday.
338.85 has been a consistent area of resistance before, and once they broke above it, they were able to keep going higher.
similar story to yesterday.
Comment:
bulls are looking for some backup to get price higher.
volume is really light. any big players into the ring will cause a big swing.
p/c ratio not crazy.
other market sections are up.
pending the jump right now.
volume is really light. any big players into the ring will cause a big swing.
p/c ratio not crazy.
other market sections are up.
pending the jump right now.
Comment:
theres the jump
expect a test around 339.1 after they hit a high.
339.35 is a suspected first high.
expect a test around 339.1 after they hit a high.
339.35 is a suspected first high.
Comment:
testing a little lower at the 339 level.
could be time for a late afternoon pivot. pre market support at 338.75 is the line in the sand for the moment. If bears close a 5 then a 15 under here, we should be expecting more lows.
Above 339 is bullish and the longer that they keep pressing up on the 339.3's mark, the more likely they should be getting higher into the day
on the futures chart, bulls came back in to save the day at 3385ish
theres a target in mind. and as soon as the bulls get there, we should start to see some signs for a weekly pullback.
could be time for a late afternoon pivot. pre market support at 338.75 is the line in the sand for the moment. If bears close a 5 then a 15 under here, we should be expecting more lows.
Above 339 is bullish and the longer that they keep pressing up on the 339.3's mark, the more likely they should be getting higher into the day
on the futures chart, bulls came back in to save the day at 3385ish
theres a target in mind. and as soon as the bulls get there, we should start to see some signs for a weekly pullback.
Comment:
would like to provide some resistance above 339.33 buuuuuuut theres no history.
as an educated historical guess though.
price ending in .00, .25, .50, .75, .9 should be little push back areas.
as an educated historical guess though.
price ending in .00, .25, .50, .75, .9 should be little push back areas.
Comment:
found a new high of 339.61
making a test of 339.35 to see how comfy bulls are holding price this high
making a test of 339.35 to see how comfy bulls are holding price this high
Comment:
bears trying to lay down some pressure to get price below the high high close. Bulls defending well so far.
this is about the normal time for bears to pull some tricks.
338.85 is still the magic number from my view. getting a 5 and 15 close under would hurt the bulls daily progress.
this is about the normal time for bears to pull some tricks.
338.85 is still the magic number from my view. getting a 5 and 15 close under would hurt the bulls daily progress.
Comment:
lo and behold. got a close under said number. bears working it down now
should find support around 338.05ish
lets see...
should find support around 338.05ish
lets see...
Comment:
getting a little pullback now 338.55 looks about right
bears should come down and test 337.85ish again
bulls would save it here and drive it up
bears should come down and test 337.85ish again
bulls would save it here and drive it up
Comment:
got some good volume
big boys came out to play
big boys came out to play
Comment:
337.95 is the saving grace line for the bulls.
just got a touch of the pre low.
bulls will want to keep above 338.5 to make headway up north. expecting a close above the all time high would be 2 feathers in the hat for the day.
bears will need to pressure 338 to get lower on the flip side.
blocking 339.1 would be their goal and feather for the day.
into the end of the day. its anyones game. so no guarantees.
but i doubt bulls made it this far to lose so close.
maybe over night theyll give it up. but it doesnt seem likely into the end of the day to me.
just got a touch of the pre low.
bulls will want to keep above 338.5 to make headway up north. expecting a close above the all time high would be 2 feathers in the hat for the day.
bears will need to pressure 338 to get lower on the flip side.
blocking 339.1 would be their goal and feather for the day.
into the end of the day. its anyones game. so no guarantees.
but i doubt bulls made it this far to lose so close.
maybe over night theyll give it up. but it doesnt seem likely into the end of the day to me.
Comment:
well bulls couldnt get above the pre low or 338.85.
lost the pooch on that for the day.
lost the pooch on that for the day.
