$SPY March 3, 2023 Weekly. Today Friday. I need a good close. $SPY making a good pattern in weekly. If we consider March 20, 2020 low as beginning of wave 3. Wave 1 from 181.02 to 339 Wave 2 339 to 218.26 Wave 3 218.26 to 479.98 Wave 4 479.98 to 348.11 (In wave 3 you can see the oscillator 5.35 green till 479 levels) Wave 4 has retraced 50% rise of wave...
#Nifty March 2nd, 2023 15 Minutes Nifty falling from 18134.75 levels. Holding low 17255 so far. In 15 minutes above 9,21,50 and 100 averages. Made an HH HL pattern. So, if HL @ 17394 is held then we can see some uptrend. Now the retrace levels for the fall from 18134.75 to 17255 is drawn. Nifty has retraced the first level. 38.2% is around 17570 which is also...
$SPY March 2 , 2023 Not much change in daily. 15 Minutes Retracement due for the fall 399.28 to 393.38 Yesterday close near 23.8% retracement. LH is at 396.44 and 61.8% around 397. So, SPY need to cross that for change in price action for Thursday. Since Wednesday was very tight in range i expect a trending day today. No position yet.
Nifty March 01, 2023 15 Minutes Clear downtrend. Below 200,100,50 moving averages. Need to cross 17402 for price action change. Made LH LL pattern. So as long as below 17348 levels Nifty is negative for today. Oscillator 5,35 Red CCI red Stochastic Black bar bottom All indicate negative bias as of now.
$SPY March 01 2023 15 Minutes As we can see it is still in sideways in range between 402 - 393 In the rise from 393.64 to 401.28 it has retraced 61.8% and broke too So for today as long as $SPY is less than 397.5 it will be downtrend. Must hold 393 levels this week. Also, in daily 100 and 200 MA are near 391-393 levels. Important to hold this. No trade for me yet.
Nifty 15 Minutes Downtrend. If we take the fall 17599.75 to 17299 hen retracement of 61.8% is around 17485 LH s also around that level. Nifty need to cross that level first. Also, HH is around 17599.75. So, uptrend is only above that level. And if you take the retracement for the fall 18134.75 to 17299 38.2 % is around 17620 levels. And 61.8% retracement is...
$SPY 28 02 2023 Daly Downtrend. If we take recent high 418.31 then Wave 1 = 418.31 to 405.01 Wave 2 = 405.1 to 415.05 Wave 3 = 415.05 to 393.64 So, assuming wave 4 in progress we can see levels up to 398-5 to 402-403 levels. Hourly Values same as above. But wave 4 seems to have been done from 393.64 to 401.28. As SPY is below all moving averages Wave 5 can be...
$SPY Daily SPY had completed a 5 wave from 479.98 to 348.11. Now HH HL is formed with 418.31 and 387.26. Since SPY is in this range i am looking at lower time frames for some setups. Assuming ABC is done from 410 to 374 to 418 the next leg is down until 418.31 is crossed. Now in the fall 418 to 393.64 (24th February) SPY has retraced nearly 78%. SPY taking...
24 02 2023 Daily Trend down forming LH LL levels. 18135 to be crossed. Hourly Steep fall from 18134 to 17455. Below all moving averages. 15 Minutes Nifty below all moving averages. TREND IS DOWN.
$SPY Daily SPY had completed a 5 wave from 479.98 to 348.11. Now HH HL is formed with 418.31 and 387.26. Since SPY is in this range i am looking at lower time frames for some setups. Assuming ABC is done from 410 to 374 to 418 the next leg is down until 418.31 is crossed. Now in the move 418 to 396.25 (23rd February) SPY has retraced nearly 78%. Generally, i have...
$SPY Hourly SPY need to cross 407.5 in hourly time frame. Steep fall yesterday, so a bounce today is possible as retracement. In 15 minutes need to break 401.53. Trending day possible today. Market opened. Gap up Oscillator divergence confirmed. 404-405 should be resistance now. Can it hold?
#Nifty Weekly 40 Week support at 17400 levels. Below all moving averages. Daily 200MA is around 17350 levels. Hourly Uptrend from 17353 to 18134 Gave up 78% of this move making a low 17530 levels. Looks oversold. But today being expiry have to watch. 15 Minutes Clear downtrend. Below all moving averages. 17924 - 17890 levels try to go above moving averages....
Daily $Spy is below 9 and 21 averages. Took support at 50 day. 200 day is slightly sloping down. 100 day is sloping up. Therefore, the range 391-96 should be good support for Thursday/Friday. Since 4Spy was narrow range yesterday i expect a trending day today. Uptrend intact as long as HL at 387 is held. So basically, i see sideways until 418 or 387 is...
15 minutes chart $SPY fall from 407 to 398.8 yesterday Retracement on play today as long as 399 not broken. 403.5 to 404.5 should be the target being .50% and 61% retracement for the fall. This range should be approximately 200 MA in 5-minute frame. First hour is crucial for this move.
#Nifty Nifty 22-02-2023 5/15 Minutes Time Frame Trend is down. LH LL has formed. Below averages Oscillator 5,35 red CCI Red Need to cross 17892 for 5 minutes/15-minute buy. Last fall from 17892 to 17800 the .618 is 17857. One hour time frame buy as of now is still above 18004 only.
#Nifty Nifty 60 Minutes Below all moving averages Sell on rise till 18005 is crossed. Making LL as previous HL at 17885 is broken. Oscillator 5,35 is red CCI red Below CPR Assuming 17406 as Wave 5 then 17972 to 17353 to 18134 can be taken a ABC Nifty 15 Minutes If 18135 is C then 18052 to 18100 to 17884 to 18004 to17818 can be taken as Wave 1 to 5 In 15 minute...
$SPY Week ended 17-02-2023 Weekly: Assuming that wave 5 was done at 479.98. ABC is done at 362.17 to 431.73 to 348.11. Lower low was made but Oscillator 5,35 had divergence. Now we have a higher low at 374.77. Which must be held for uptrend in weekly to continue. As of now price action suggests buy only above 479.98 being HH. Moving averages are...
SPY 16 02 2023 One hour chart Gap down. But recovered and closed near low. So not a good bar. SPY in range between 408-416 levels. Consolidation or distribution will be known as per breakout. Current low is 374.77. Current high 418.37 So, for this retracement SPY is around .236 levels of 408 only. Thus, can be considered bullish. We can assume that a 5-wave...