RiderTrader

RiderTrader

AMEX:SPY October 8, 2024 Let the box sort out first. No point in drawing anything until a trend is known. Also, in 15 minutes below 200 averages. No trades for me. As per fib a buy above 572 will target 575 and sell below 570 target is 567- Not worth taking a trade.

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AMEX:SPY October 4, 2024 15 Minutes. Yesterday was sideways as expected. Today I will not take trade as AMEX:SPY closed below 200 and 100 moving averages in 15 minutes. If I get a good close above 572 and moving averages converge at close of day, Probably Monday will give a chance to entry. No Trade Day for me. Today too.

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AMEX:SPY October 3, 2024 15 Minutes. As expected, AMEX:SPY was in sideways sort out the two long bars of 1st October. For the fall 574.38 to 565.27 AMEX:SPY had retraced 61.88 around 570 levels. For the rise 565.27 to 569.9 AMEX:SPY had again retraced 61.8% of that move to 567 levels. Now AMEX:SPY made a low at 565.27 and we can see oscillator...

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AMEX:SPY October 1, 2024 15 Minutes. AMEX:SPY had retraced to 568 levels being 9 EMA in daily. And gave 6-point move. For the day due to long bars 571 572 must hold today. Holding this we can expect 578-580 levels as first target. Today should be sideways top sort out the 2 longs bars. No Trade Day for me

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AMEX:SPY September 30, 2024 15 Minutes For the fall 574.21 to 570.42 572 is a good level to short. First target is 569.5 to 570 levels. AMEX:SPY seems to have lost momentum on Friday. Looks highly possible to touch 200 averages in 15 minutes. This retrace will allow AMEX:SPY to begin next move upwards as in daily also it is around 9 ema around 569...

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AMEX:SPY September 27, 2024 15 Minutes. Holding 570-571 levels uptrend continues. These represent 50 and 100 averages in 15 minutes. Above 573+ i expect a good move today.

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AMEX:SPY September 26, 2024 15 Minutes. Yesterday was sideways. So today i expect the move. All moving averages converged. Took support in 100 averages multiple times in 15 minutes time frame. I expect a swift move once 572 is crossed. Will close longs below 568.

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AMEX:SPY September 25, 2024 15 Minutes. 568 was held yesterday. 570.5 was crossed and closed above too. Long setup activated. SL close below 569 Moving averages 9,21,50 and 100 have converged in 15 minutes. 200 averages are around 566 levels which should give very good support. I am expecting a move today or tomorrow. No time to short yet.

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AMEX:SPY September 24, 2024 15 Minutes. Looks like consolidation was done yesterday. For the fall 572.88 to 565.17 AMEX:SPY retraced to 570 levels which is 61.8% retracement. Now we have a range fixed. Sell below 565 and buy above 570.5 as long as the bar is closed near bottom or top on that breakout. Also, in for the rise from 565.17 to 570.34 AMEX:SPY ...

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AMEX:SPY September 21, 2024 Daily. I still have target 580 levels. Then a big move after consolidation. 60 Minutes Uptrend Confirmed. For the rise 539.95 to 572.88 holding 560-565 is crucial for further targte 580 initially. 556-558 should provide good support as it is 100 and 200 averages in 60 minutes time frame. Now we have oscillator divergence. SO ...

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AMEX:SPY September 19, 2024 15 Minutes. For the fall 568.68 to 560.84 buy is above 566 only. I will go long on a retracement at 554-555 levels. Will short only below 550 levels as of now. Last 8 bars are not good in chart. So, no trade today.

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AMEX:SPY September 18, 2024 15 Minutes AMEX:SPY managed to make an ATH at 566.57. Now for the rise 539.95 to 566.57 it is important to hold 560. Below that weakness can be seen for a target 554 +-1 levels. So shorting is not worth. If AMEX:SPY manages to hold 563-566 levels, we can see 574 +- as a target for the longs. A retracement is on cards due to...

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AMEX:SPY September 17, 2024 15 Minutes. AMEX:SPY held on to 560 levels yesterday, Now in 563 range. SO, for the rise 559.9 to 563.11 must hold 561 today. Tomorrow is D day. No trade day today. At the moment 554 - 557 is very strong support on downside. They are 100 average supports in 15- and 60-minutes time frame

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AMEX:SPY 14, September 2024 Weekend views. Uptrend confirmed. I will be worried only if 510 is broken as of now. On daily my target is 580 levels initially. This is derived from 1.5 times extension for the move 348 to 459 to 409 levels. On Monday if AMEX:SPY is able to cross 564-565 levels and hold for at least one hour we can see a big move towards 580...

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AMEX:SPY September 13, 2024 30 Minutes We achieved near 560 levels as expected. Now for the rise 539.95 to 559.38 holding 554-555; levels we have a target 564-566 levels. I am expecting good moves next week, if today at close moving averages line up nicely. I still expect 563-566 levels to provide strong resistance. We have multiple tops in that ara in all...

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AMEX:SPY September 12, 2024 15 Minutes. AMEX:SPY managed to hold recent low of 539.44 by making a low 539.95 and reversing. So again it touched top of channel as seen and bounced back. Even the close of 539.95 bar was good being at top of bar, we have oscillator making LL for the two lows 543.4 and 539.95. Hence i expect a retracement first. Considering the...

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AMEX:SPY September 10, 2024 15 Minutes. As expected, 546-547 done. not to short as it broke, retraced back to top of channel and bounced back from 544.19. So, for the fall 547.72 to 544.19 holding today 545 levels we can see uptrend probably to 550-552 levels being 200 averages. 539 levels formed a base as discussed couple days ago. So, for the rise 539.44...

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AMEX:SPY September 9, 2024 15 Minutes. AS expected, AMEX:SPY being under all moving averages in 15 minutes kept on making lows for 2 days. Now if we consider the fall 551.58 to 539.44 then 544-546 is a good level to short. I will but only above 565 at the moment. If we take the rise from 510 to 564 AMEX:SPY has retraced 50% of the move. Now holding 530...