MajorHunter

SPY close to demand and FOMC wind in the sails

AMEX:SPY   SPDR S&P 500
The trade setup is based on my normal discretionary tradesetups I use every day for all markets . The methodology is based on identifying where there have been an abnormal unbalance between supply and demand . This zones are low risk high reward areas for taking trades as this is normally footprints of institutional buying taking place and where there is objectivly based on price analyses is still willing buyers.

The setup is more likely to work out if we see a break/close of 202,40 before a pullback to demand and entry.

First target is below the first likely supply level 201,72. We try to achive an T2 at higher timeframe supply based on the break of 202,50.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out