AMEX:SPY May 7, 2023 Daily The retracement or the move 380 to 415,72 and 417.62 held on to 38.2% level. So strong in uptrend still. But we have a divergence in oscillator and CCI Red and Stochastics downward slope. The 200 being at 395 level will offer a good support. On daily need to cross 415.72 and hold on to 403.74. 15 Minutes. I look at this time frame...
AMEX:SPY May 5, 2023 Daily For the move 380.65 to 417.62 retracement is on, Now near 50-day average. Should take support around 402 levels being 100-day support. 15 Minutes Assuming 417.61 to be a 5 then ABC can be 417.91 to 407.82 407.82 to 413.87 413.87 to 403.74 For today if 404 is held ten we can have a retracement to 407-409 levels. AMEX:SPY is less...
AMEX:SPY May 3, 2023 15 Minutes. As per plan the short worked. Only when we enter real time it does not work. (:= The first bar was gap down. Closed t 414.02 It was also below the confirmed sell level as per table 414.12. On a trending day always T4-T6 is achieved. T6 yesterday was 409.62. In Daily 50 average is around 402 levels. We have an Oscillator 5,35...
AMEX:SPY May 2,2023. 15 Minutes My short trade turned out to be correct. But stop loss was wrong. Need to work on that. I still believe a retrace to 412 levels is on card. Above 418.5 close open i am expecting a swift move to 430 levels.
Oscillator divergence Sell below 416.32 activated for 415 levels Confirmed sell below 414.5 towards 200,100 averages Lets watch this how it works out
AMEX:SPY May 01, 2023 Weekly. I will wait for 418.31 to cross to complete wave 4. Wave 5 target approx. 440+ Stop Loss 403 levels. Last week had twice stoploss hit due to sudden up down move. No trade today. After today close will look for daily trade setup Being a moving averages trader i need 15 minutes moving averages to come closer. 200, 100 is around...
AMEX:SPY April 28,2023 15 Minutes AMEX:SPY opened gap up. And as indicated once 408 levels was crossed it turned bullish. The table works very good on trending days. TargetsvT5,T6 was achieved. Being a V shaped recovery from 412-403-412 we can expect some sideways for moving averages to catch up. If we look at lower time frames 1,3 and 5 minutes, we can see...
AMEX:SPY April 27,2023 15 Minutes Downtrend. Below 200 averages. Probably a 5 done from 412.64 to 403.77. Oscillator divergence. AMEX:SPY made lower low - 405.0 and 403.78. But oscillator made higher high. Retracement in play for the fall 412.64 to 403.77 61.8% retracement is at 409 levels and HH at 408 levels. As of nwe bullish only above 408 levels. Wait...
AMEX:SPY April26,2023 15 Minutes. Analysis on daily to buy above or sell below is nearly correct. But shorting is not easy. I need to practice more. Due to mistakes in day before yesterday trading, the opportunity in the gap down levels i did not utilize. All targets till T6 was achieved yesterday as it was a trending day too. Need more work to do on shorting.
AMEX:SPY April 25, 2023 15 Minutes. As mentioned earlier for the fall 415.08 to 410.17 61.8% retracement is at 413.2 levels. And AMEX:SPY made 413.07 as high. Sideways as expected. HL HH under formation in 15 minutes. 411.70 must be held today in 5 minutes and 410.61 in 15 minutes time frame. If 413.2 is crossed, then target is 415 levels. So far 410...
AMEX:SPY April 22,2023 For the day I had shorted at 411.40 and covered at 410.60. And as pr tech table AMEX:SPY did a low od 410.17 T3 levels on sell side. Weekly HH HL pattern still holding, The 61.8% retracement for the fall 479.98 to 348.11 is still under play. that level comes around 430. So AMEX:SPY bullish only above 430 levels close...
AMEX:SPY April 20,2023 15 minutes Gap down Waited first 15 minutes. Closed near top. So drew a fibo retracement for the fall 415.08 to 411.08 61.8% retracement was 413.5 levels. As per tech table AMEX:SPY was a buy above 412.04 targets being 412.56,412.92 being initial targets. These were also 50% retracement level. So initiated a trade at 412.08 (412.06 was...
AMEX:SPY April 20,2023 15 Minutes As expected, AMEX:SPY came near 412 level. As per table it was buy above 413.05 and reached target T5 414.91 levels. Gap down as usual spoiled al setups. Trading is having faith in your setup and ability to accept you are wrong at a very early stage when things reverse. For today AMEX:SPY is bullish above 414.6 and...
AMEX:SPY April 19,2023 Gap up opening. Did not sustain. First 15 minute bar low was 415.03. The second bar broke the low. So AMEX:SPY was good to short less than 405 for T2 or T3 as target in tech table s shown. Once T5 was reached (412.77, AMEX:SPY low was 412.78) trade for the day was done. I missed the short. Today i expect a trending day one...
AMEX:SPY April 18,2023 15 Minutes 413.2 was crucial on Monday being 61.8% retracement for the fall 415.9 to 410.06. It broke that level. So AMEX:SPY was struggling to go up. For the fall 415.09 to 410.06, it retraced 61.8% , fell and bounced back to close above 413.0. I waited yesterday to enter a trade but did not get any setup. For the day AMEX:SPY is...
AMEX:SPY April 15,2023 Weekly HH HL pattern still holding, The 61.8% retracement for the fall 479.98 to 348.11 is still under play. that level comes around 430. So AMEX:SPY bullish only above 430 levels close open. Now we try to find setups on lower time frame. Daily. Last 10 days sideways with lower volumes. Bullish a long it is above 400 levels. Need to...
AMEX:SPY April 14,2023 15 Minutes once AMEX:SPY crossed 410 levels it did not go below that level. Bullishness above 410 was maintained and made 413.84. 413.84 near close. Today 411 has be held for uptrend to continue. A retracement to 411.3 in first hour would give us a good opportunity to enter for 417 targets. 411 is also 50 Averages in 15 minute time...
AMEX:SPY April 13,2023 15 Minutes. Not at all good. Not only the gap up was not sustained, Even close was near low of day. And below 200 averages in 15 minutes. AMEX:SPY will be bearish today a long as it is below 410 for a possible support at 404-405 levels. Oscillator 5,35 red CCI red Stochastics black bar at bottom. All indicating no strength to go up.