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...
AMEX:SPY December 1, 2023 60 Minutes. For the rise of 446.09 to 458.31 AMEX:SPY retraced to 38.% and went up again closing at 456+. So very good chance to cross 458 levels based on retracement. 15 Minutes. The fall is 458.31 to 453.34. AMEX:SPY has now retraced to 61.8% of the fall. So need to cross 457.27 to resume the uptrend. The rise of 453.34 to 456.76...
AMEX:SPY November 30, 2023 15 Minutes As expected due to the convergence of 4 moving averages AMEX:SPY opened gap up. The expected target was 458 levels. That came in the secondn15 minute bar. If we go to a lower time frame we can clearly see that the HH bar at 458.32 had a close near low. So I sold at 458 levels. When we draw retracement for the rise of...
AMEX:SPY November 29, 2023 15 Minutes AMEX:SPY held the 453 levels and has consolidated. Today holding 454-454.5 levels I expect 455.8-456 levels a target. And if 456.27 is taken out then we will have 457.5-458 levels. I think based on open today we can make some $ on the long side. Provided 454-454.5 is held. Of course, gap up may spoil our calculations,...
AMEX:SPY November 28, 2023 15 Minutes. A no-trade day for me as expected. Considering the rise of 451.96 to 456.38 AMEX:SPY is now near 9,21,50 and 100 averages. I expect the 100 to be broken today for a target of 453 levels which is approximately 200 averages. In these movements, indicators cannot give a clue. Pure price action is to be followed. If you...
AMEX:SPY November 23, 2023 15 Minutes. I exited my position at the gap up yesterday around 456 levels. I feel AMEX:SPY is getting tired. As of now nearly all upside targets are met. We have an oscillator divergence. Price making higher, Oscillator not keeping it up. For any upside today I expect 457 a good level to short. AMEX:SPY is making HH, and HL in...
AMEX:SPY November 22, 2023 15 Minutes. As expected 452 levels gave good support. Now we have 9,21,50 averages converged. 100 at 452 and 200 at 448. As can be seen, the bottom of the channel has given support nearly 7 times. Holding 452-452.5 levels I have a target 455.5-456 levels. 451 should give support being 100 averages. Now the short below 451-450 is...
AMEX:SPY November 21, 2023 15 Minutes. As expected once 452 was crossed we had a had over till 455. Aggressive buy came above 451.4 as the previous HH was 451.37. In 15 minutes the first bar broke the trend line drawn and closed near the top of the bar. Since it was a long bar we had to wait for a retracement, Which occurred in the next 3 bars as can be...
AMEX:SPY November 18, 2023 15 Minutes As expected AMEX:SPY retraced only for the last rise. The low was 449.3. And the high was 451.42. Good for options traders only. We are having 4 moving averages converging. 9,21,50 and 100 in 15 minutes. 200 averages are at 444 levels. Due to consistent sideways movement last 2 days Elliott Oscillatores are not able to...