Daily Actionable SPY/SPX Plans
Market Technical Outlook
Our approach today is simple: sell supply, buy demand.
The market remains trapped inside a range. SPY continues to show relative strength versus QQQ, as largecap stocks are outperforming while many technology names remain under pressure.
Because of this relative strength:
Long setups: Prefer SPY
Short setups: Prefer QQQ
The relative strength divergence is very clear, making the CC Model an ideal entry framework.
Risk Index
This algorithm reads macro conditions and converts them into a technical risk framework. It was developed internally at UA CAPITAL and remains the primary indicator I use for both short term and long term positioning decisions.
Long term: Risk On (Bullish)
Short term: Slightly Bearish to Neutral
Strategies / Scenarios
Long Scenarios:
Demand Zones: 747 → 743 → 740.5
Long Trigger: After testing a demand zone, wait for a 1 hour bullish candle close back above the level, then look to buy calls.
Invalidation: A 1 hour candle close beyond the nearest swing high or swing low that formed the trigger.
Short Scenarios
Supply Zone: 751.5
Short Trigger: After testing the supply zone, wait for a 1 hour bearish candle close back below the level, then look to buy puts.
Invalidation: A 1 hour candle close beyond the nearest swing high or swing low that formed the trigger.
Profit Taking: Since the market is trading inside a range, take profits regularly for every $1 move. Range bound markets can reverse quickly, so avoid overstaying positions.
Breakout Strategy (Long)
If SPY breaks 752.5 with a strong, high volume 1 hour bullish candle close, long positions become valid.
Targets: 755 → 758 → 760
Invalidation: 1 hour candle close below 750.
Notice: Starting a fresh, high frequency track record for SPY, QQQ, and core equities on TradingView. Moving forward, all institutional research, weekly outlooks, and mid week updates will be tracked consistently right here.
This analysis is for educational purposes only and reflects my personal opinion. It is not financial advice.
Market Technical Outlook
Our approach today is simple: sell supply, buy demand.
The market remains trapped inside a range. SPY continues to show relative strength versus QQQ, as largecap stocks are outperforming while many technology names remain under pressure.
Because of this relative strength:
Long setups: Prefer SPY
Short setups: Prefer QQQ
The relative strength divergence is very clear, making the CC Model an ideal entry framework.
Risk Index
This algorithm reads macro conditions and converts them into a technical risk framework. It was developed internally at UA CAPITAL and remains the primary indicator I use for both short term and long term positioning decisions.
Long term: Risk On (Bullish)
Short term: Slightly Bearish to Neutral
Strategies / Scenarios
Long Scenarios:
Demand Zones: 747 → 743 → 740.5
Long Trigger: After testing a demand zone, wait for a 1 hour bullish candle close back above the level, then look to buy calls.
Invalidation: A 1 hour candle close beyond the nearest swing high or swing low that formed the trigger.
Short Scenarios
Supply Zone: 751.5
Short Trigger: After testing the supply zone, wait for a 1 hour bearish candle close back below the level, then look to buy puts.
Invalidation: A 1 hour candle close beyond the nearest swing high or swing low that formed the trigger.
Profit Taking: Since the market is trading inside a range, take profits regularly for every $1 move. Range bound markets can reverse quickly, so avoid overstaying positions.
Breakout Strategy (Long)
If SPY breaks 752.5 with a strong, high volume 1 hour bullish candle close, long positions become valid.
Targets: 755 → 758 → 760
Invalidation: 1 hour candle close below 750.
Notice: Starting a fresh, high frequency track record for SPY, QQQ, and core equities on TradingView. Moving forward, all institutional research, weekly outlooks, and mid week updates will be tracked consistently right here.
This analysis is for educational purposes only and reflects my personal opinion. It is not financial advice.
Trade active
Trade is now active.We received the 1 hour bullish candle close following the 747 retest, which confirms the setup.
Targets: 750-751
Trade closed: target reached
Note
The 740.5 level delivered the perfect bounce, exactly as expected.We entered the trade according to the Long Scenario outlined above.
We've already taken partial profits, and the remaining position has been left open as a runner.
Related publications
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.
Related publications
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.