SPY 2022.08.25 market set to gap up open.A higher high on the 5 minute time frame. Looking at potential confluence of declining 5DMA and S/R line as an area of interest for a turn back down OR confirmation of up trend. Also looking at vwap areas of potential support to for the daily time frame pull back. My intraday levels of interest are in the video.
Multitimeframeanalysis
SPY 2022.08.22 big gap down openingBig gap down opening in the SPY today. Because price is below the descending 5DMA, and there are a lot of mixed messages - I'm not looking for a long side swing trade. I have intraday long/short areas of interest though. I do see a vwap point of interest as a target for price consolidation and confirmation of continued long side action on the daily time frame, or a signal for reversal to the short side.
SPY 2022.07.25 Monday of Fed Week premarket analysisUptrend in place. Opening in the range of last sessions price range. It's a Fed week so price action will likely be constrained by that until after the announcement at 11AM PT on Wednesday. Price S/R lines of interest and VWAPs and MAs of interest are presented in the video.
SPY 2022.07.20 opening above 50DMAPrice is opening above the 50DMA with an ascending 5DMA and 20DMA. Likely intraday price action around the 50DMA today, and probable that the market will try to move up and fill the price gap in the daily chart. Intraday levels of support/resistance are presented in the video.
SPY gap higher on good economic report. Potential swing fadeRetail sales report came in higher than expected, prompting the pre-market price action to move higher - so the market is looking like it will open on a gap up today close to the declining 5DMA. A potential short sale set up. Intraday levels of interest are shown in the video.
SPY gap opening at significant support level. Will it hold?SPY is opening at a level of significant support over the last month. Price is below the declining 5DMA, 20DMA, and 5DMA. We are in a bear market. Will this level hold? Areas and levels of significant interest presented in the video including possible short swing set up.