BryantBarzola

BryantBarzola

There is a nice pocket of FVG around 192 I think we are waiting to fill. if so, then we could potentially continue down and see a test at 189 levels. However, there are many FVG on the upside so we may trend up again if the macro environment allow.

BryantBarzola Updated 

Huge FVG waiting to be filled. Plenty of liquidity in this range waiting to be filled. 408 is a critical level, if we break below 408, short until 405.

BryantBarzola Updated 

Here are the reasons why there is a high probability that we will break past 199-200 levels. - Notice that price is using 20 EMA as support. - We have multiple 199 test/rejections but also notice that we have higher lows forming in this consolidation period. - To support this idea notice that price only drops to the .50 fib. In other words, price reaches...

BryantBarzola

If we look back every year return since 1993, most of the times we had a negative year, they only last that 1 year. Here's a summary of every negative year in SPY: 1994 - followed by a positive year 2000 - The only exception. It had 3 consecutive bad years 2001 and 2002. 2008 - followed by a positive year 2011 - followed by a positive year 2015 - followed by a...

BryantBarzola Updated 

What was believed to be a bearish trend to the 80, I believe the support has changed the direction and gained strong support to move to the upside. Notice the price range from the 2020 rally that shot up to 167. If the rally goes in the same pace from 2020 we can be around 167 around Feb-March 2023.

BryantBarzola Updated 

The idea here is that we may continue to go short in the beginning of the day and at some point we will see a reversal. Preparing for a potential intra-day reversal after seeing how SPY opened yesterday (1/18/23) at the top 20% of the day and closed at the bottom 20% of the day. According to Connor and Raschke on this 80-20 strategy the probability of a reversal...

BryantBarzola Updated 

We have major resistance in the 393 levels and if history repeats itself we will see the rejection around these levels. If you look closely at the previous false breakouts (or bull traps) you can see the Fair Value gaps it leaves and eventually get filled.

BryantBarzola Updated 

SPY just hit resistance after a price displacement and now we must fill this gap in order to continue. We may need the CPI as a catalyst to breakout from these levels.