play4trade

$SPY 1HOUR CHART Have your levels & trading plan ready.

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
5
Understand where the big bounces will occur at. Daily & Weekly levels that coincide w/ each other will have the largest bounces because they represent an area where buyers defended the level for the particular day and end of week. Vice versa when going higher when hitting a level where sellers defended. This 1 hour chart gives good levels, but your perspective comes from Daily/Weekly/Monthly charts. Big Picture is MEGA BULLISH. MOMO is still in tact.
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