PM_ME_PYTHONS

Actionable SPY daytrade levels

BATS:SPY   SPDR S&P 500 ETF TRUST
With the current range of the market, these are the levels that I currently see as being actionable to exit trades when closed outside of, although we are coming into a new zone and the average daily range could change. An hourly close outside of those zones indicates a trade going that way. I did this using historical data, and high volume / low volume node analysis. I backtest to ensure that when a candle closed out side of one of these zones, even if retracing it always made its way back. Range is all that is left to be discovered, unless fear in the market turns it into much more bearish movement and we break through multiple on a daily.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.