So I know that there’s a lot going on on my chart right now… but what I’m trying to draw attention to is the purple line between the two green arrows…. That is the Weekly 180EMA zoomed onto the 1hr chart.
The 180EMA is quite a reliable support for SPY across time though there have definitely been a few instances where it has become a resistance, but for now I am seeing it attempt to be support.
My position is the same, and I’ll try to find a way to present it better as opposed to just reposting the last chart that has the breakdown, but I’ll work on that… for now, that is below… eventually I might find an efficient way to share where all of my positions are… I’m also trading AMZN, AAPL, NIO, and UNG at the moment but I just don’t want to break those down to the same extent as SPY… (And a bunch of other things are starting to look really interesting here) I might though.
And… how often to I post on the 1 hr timeframe LOL… that’s kinda weird, but I needed to zoom in….
Let me know your thoughts… and as always… happy trading, y’all…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
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And here's the breakdown of my spy position at the moment...
@Peterson, Thanks a bunch... I'm loving this trading environment!!! I don't mind a slow and steady growth environment but, oh my, do I love volatility... have a great day trading tomorrow...
rock1986
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Can you please do analysis for soxl as well ?
dbatona
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@rock1986, Would be nice as all support lines from previous forecast are done. So one more vote...
premiumtheta
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the TA doesnot factoring economic events however good analyses thank
antmangvolcom
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I was wondering on 1 hr timeframe isnt that a classic bear flag? we';ve been trading in a zone of 373-382 and we're seeing a rejection around there, if we get denied today i think we maybe retest 373 today. Im not sure still learning tho.