AMEX:SPY January 5, 2024 15 Minutes. Aggressively we could have entered a short at 470 levels being 61.8% fibo for the larger fall in 15 minutes or conservatively shorted once 468.5 was broken. The eight bar from open made an LH as 471.19 was not broken, being near the top of the range, and a small SL around 471.5. Now I will cover around 465 being 200 in 60...
AMEX:SPY January 4, 2023 15 Minutes The downtrend is intact. If we consider the fall 471.19 to 468.17 470 will be a good level to short. As we can see a base is being formed in 468.5+ levels and lat low 468.17 has oscillator divergence. AMEX:SPY below all moving averages. Breaking 468.5 should give a good trade around 464 levels, being 200 averages in 60...
AMEX:SPY January 3, 2024 Weekly. Uptrend intact. For the rise 218 to 480 AMEX:SPY retraced to 50% around 348 levels. Also for the two LLs around 362 and 348, we had good Elliott oscillator divergence. If we take the rise from 348 to 460 AMEX:SPY again retraced 50% of the move around 410 levels. For the last rise from 410 to 470 50% retracement is around...
AMEX:SPY December 22, 2023 15 Minutes. As expected AMEX:SPY retraced to 472.5 levels. But two things happened. First was a gap up to 472.3. Retraced and we had a sell bar, 4th from open. We are in a bull market, and due to the gap up we can target only 469 levels ner gap-fill levels. In due course, we had a bar making a low of 468.84 which also happens to...
AMEX:SPY December 21, 2023 15 Minutes. Once more. AMEX:SPY gave a Wednesday/Thursday trade setup. Price action gave us a setup that closed below 471.8 we have to sell. So if we go to a lower time frame 5 minutes chart We can see moving averages sloping up, 9,21,50 averages broke, took support at 100, bounced back, and once broke 100 averages on the downside...
AMEX:SPY December20, 2023 15 Minutes. Price action in play. keeping SL 471.5 levels we continue the long. 100 averages have started to flat out near 472 in the last 2 hours of trading. Taking the rise from 471.95 to 474.92 uptrend is strong as long as 473 is held, which also happens to be a 50 moving average. In the 15-minute frame AMEX:SPY weak below 471.8...
AMEX:SPY December 19, 2023 15 Minutes There's not much to write. Buy above 473.8 is still valid. As of now, the price action is HH HL. A move above 473 may try to cross 473.8. On the other hand, if 470 is broken then 466-467 will be a target so 200 averages can catch up. For the rise of 468.44 to 472.98 NASDAQ:PY must hold today's 470 levels for the uptrend...
AMEX:SPY December 16, 2023 15 Minutes The buy for the day did not trigger. At the close XETR:SPYY is below 50 averages and net 9,21. The last bar broke the channel but had a long wick to close near the bottom of the bar. The 200 average is flattening out, hence once 467.5 levels are broken AMEX:SPY may take support around 464 levels to catch up with 200...
AMEX:SPY December 15, 2023 60 Minutes. The mind of many refuses to accept the bull in place. Very rare to see a parabolic move in $SPY. I have considered the following Fibs The rise 454.13 to 473.73 The rise 464.12 to 473.73 The fall 473.73 to 469.26 For the first rise as long as 461 is held we are in an uptrend towards ATH. For the second rise AMEX:SPY ...
AMEX:SPY December 14, 2023 15 Minutes. AMEX:SPY refusing to retrace. Big moves. with Volume. There is a 10$ difference between a high of the day and 200 averages in 15 minutes. It is unsustainable in a short time frame as low as 15 minutes. Today we had a bar in 15 minutes which made the day high and closed at the low of the bar. The fourth bar from close. So...
AMEX:SPY December 13, 2023 15 Minutes. Had a very small retracement to 100 on average in 5 minutes at open. Let us consider 2 rise. 454.31 to 464.2 (60 minutes) 460.60 to 464.2 (15 Minutes) As we can see holding 462 in 15 minutes uptrend continues. Retrace is now possible to 459.5 levels per 60 minutes which also happens to be 50-100 averages. So for the day...
AMEX:SPY December 12, 2023 60 Minutes. The target 462 which was expected last few days was achieved. In fact, from the November 15 low of 448 AMEX:SPY was between 450-460 last month. This has made it possible for the moving averages to catch up. Now we will have to keep the target of 470+ provided 455-457 is held. Now for the last rise of 459.91 to 462.17...
AMEX:SPY December 12, 2023. 15 Minutes. AMEX:SPY played the 3-rise method very well. The low around 457 was held and 460 + was done. Yesterday opened the gap and closed it near the height of the bar. Since the bar was big bar of nearly $1.5 a retracement around was an apt entry point for 60 SL being 457.1. We had stochastics black bar on top, Elliott...
AMEX:SPY December 8, 2023 15 Minutes. Loss day. Opened the gap up. Close near low. Shorted. Made the mistake of not checking stochastics as it has still not curled own from 75-80+ levels. At the close of the third bar, realized the mistake. as the bar closed near the top and broke the first bar high too. Went long with SL as the previous bar low at 456.2, for...
AMEX:SPY December 7, 2023 15 Minutes. As expected uptrend was restricted as parameters were not in support. The gap-up gave a chance to short at open with SL 458.95 levels. In 60 minutes AMEX:SPY is t 100 average support with 200 being 444 levels. I expect a downside today. If we consider the rise from 446.09 to 459.64 XETR:SPYY has retraced to 38.2...
AMEX:SPY December 6, 2023 15 Minutes. As expected AMEX:SPY was in the range 454-457-458. The gap down yesterday allowed going long around 455.5 for a target of 457-457.5. I will consider today's few fibs. In 60 minutes I will take the rise from 446.09 to 459.64. So far AMEX:SPY has retraced around 456.5 levels being 23.6% retracement. So it is bullish. But...
AMEX:SPY December 5, 2023 15 Minutes. As expected AMEX:SPY could not hold the levels as it opened the gap down. If we consider the fall 459.32 to 454.36 then it has retraced 50% to around 456 levels. If we take the last rise then 445.5 to 456 must hold today for uptrend to continue the HL HH pattern. I expect a trending day today based on open values. As...
AMEX:SPY December 2, 2023 15 Minutes. AMEX:SPY made a new high. As expected did not make much retrace. If we take the rise 455.4 to 459.64 then On Monday 457-458 must hold for 462 levels. I use Fibo, Elliot oscillator, and moving averages in my setup. In higher time frames the Elliott oscillator is not making a high price. I expect a pullback or sideways...