AMEX:SPY February 29, 2024 15 Minutes. AMEX:SPY continues to be in a sideways narrow range. All moving averages have consolidated and 200 is at 503 levels. At the moment it looks like the gap may be held. I expect a swift move from 510 levels to 513 levels since in the day holding 490.72 is important for an uptrend. So if we consider the extension from...
AMEX:SPY February 28, 2024 15 Minutes Yesterday did not get a chance to short. Once more 505 was protected. Consider the rise 493.56 to 510.13 504.75 to 507.16 and the fall 510.13 to 504.75 For the first rise, AMEX:SPY has retraced 38.2%. For the rise at close AMEX:SPY needs to hold today's 506 levels to continue the uptrend. I expect 508 to be...
AMEX:SPY February 27, 2024 15 Minutes. As expected a small retracement happened and 505 was protected yesterday. For the move 503.02 to 510.13, nearly 61.8% retracement is done. For the fall 509.06 to 505.86 507-508 will be a good place to short. For the rise of 493.56 to 510.13, we have a 61.8% retracement of around 500 levels. For the day I will short...
$AMEX: SPY February 26, 2024 15 Minutes. The retracement did not happen. SPY was sideways on Friday. Consider the 2 rise. 493.56 to 510.13 and 503.02 to 510.13 On Thursday we had a $5 gap. I am not at the moment expecting a gap to be filled. Holding 505 is important today. 100 average is around 502 levels sloping upwards, hence on a pullback I have a target...
AMEX:SPY February 23, 2024 15 Minutes. The gap at open gave us a chance to go long above 503 levels as expected. I closed the trade at 507. Today taking the rise 493.56 to 508.49 holding 505 more upside possible.500-501 becomes crucial now as moving averages of 50,100,200 are in that area. As of now for me holding 490 low target 540+ in daily is still going...
AMEX:SPY February 22, 2024 15 Minutes AMEX:SPY managed to hold on to a 21-day average at 493 levels as expected and bounced back swiftly to 497 levels at the close. Taking the fall 502.86 to 493.56 AMEX:SPY will have resistance around 499-500 levels being a 61.8% retracement for the fall. For the rise of 493.56 to 497.37 AMEX:SPY needs to hold 495...
AMEX:SPY February 21, 2024 15 Minutes. AMEX:SPY managed to hold 495 levels.. Made alow at 494.48. And that bat had a good close near the top of the bar. As we can see in the chart the fall from 502.86 to 494.8 was steep. Hence some sideways going on to catch up averages. If I consider the fall from 502.89 to 494.48, I expect a resistance of around 49.5...
AMEX:SPY February 19, 2024 15 Minutes. 498.5 was protected and 503 was not crossed. For the day I will consider 2 rises. 490.72 to 502.86 and 494.4 ad 502.86 498 +- 0.5 becomes crucial today. No trade day today. I will watch for a setup to emerge. Holding the longs still and will close if 495 is broken on the downside. If AMEX:SPY is between 497 and 503...
AMEX:SPY February 6, 2024 15 Minutes Yesterday's channel was not broken. 490.72 the recent lows become important now. In daily it is HL as of now. We have a wave 3 running as per Elliott oscillator count. We need to cross 503 levels still. Then we shall have a target of 506 levels for this move. Yester being a small gap up I went long after it was filled,...
AMEX:SPY February 15, 2024 15 Minutes. The gap on 13 February did not allow me to go long on 14th February as I was not supported by parameters. Since 478 levels gave an opportunity to short, supported by a gap up, I shorted at 496.5 levels and covered at 495 levels as the gap was not getting filled, indicating bullishness. Considering the rise of 490.72 to...
AMEX:SPY February 14, 2024 15 Minutes I had considered Fibo for the rise from 490.23 to 503.50. Since it opened the gap down I had to consider the previous low of 482.89 to 503.50. Could not be shorted. But took support at 61.% retracement around 490.7 levels. For the day I will consider the fall 501.24 to 490.72. 497-498 will be a good level to short SL...
AMEX:SPY February 13, 2024 15 Minutes. As expected 500 was held on the downside and the upside was capped around 503 levels. I will consider one rise and fall respectively. 497.86 to 503.5 rise and 503.44 to 500.24 as fall. For the rise AMEX:SPY retraced to 61.8% so I expect 503 to be a triple top before a retrace. For the fall 502 will be a good level to...
AMEX:SPY February 12, 2024 15 Minutes AS expected box sideways was broken on Friday. I closed longs around the 501 level, as SPY was struggling around that level for more than one hour. Now for the day, I will take 2 rises. 499.33 to 501.65 495.36 to 501.65 Unfilled gaps denote a strong rally., hence I took 495.36 as low. As long as 499-500 is held uptrend is...
AMEX:SPY 9 February 2024 15 Minutes. As expected 496 levels were held. Did not break that number. A full day of sideways consolidation. I think today is the day for 502-504 levels provided 496.5 is held being a 38.2% retracement for the last rise. Holding the longs to exit around 504 levels +- 1$. The black bar on the stochastics is still on top, the...
AMEX:SPY February 8, 2024 15 Minutes AMEX:SPY opened the gap up, broke 496, and made a high of around 498 levels. So far working as expected. For the day I will consider The rise 482.89 to 498.43 490.23 to 498.43 492.84 to 498.03 For the last rise AMEX:SPY retraced to 23.8 levels and went up. So today holding the 495-496 levels uptrend is to continue...
AMEX:SPY February 7, 2024 15 Minutes As expected 492 was held and SPY seems to have consolidated for a move today. Also if we consider the fall of 496.06 to 490.23 it has closed above 61.8% of the fall. And for the rise of 490.23 to 494.33, holding 492 we can expect a move upwards. 100 average is sloping upwards to 492 levels to provide good support. As...
AMEX:SPY February 6, 2024 I will consider the rise 482.89 to 496.06 490.23 to 494.18 And the fall from 496.06 to 490.23 Holding 492 uptrend is intact. 489-492 is a very good support level. I expect a one-sided move tomorrow if 491 is held today. 100 and 200 averages are around 490 levels in 15 minutes. So that level should provide strong support for the...
AMEX:SPY February 2, 2024 15 Minutes AMEX:SPY is very bullish. All falls are negated and the bounce back is very sharp. At the moment I have 540-560 as a target on the daily time frame, as long as 460 is held. There is oscillator divergence daily. But I expect 9,21 averages to be held on any fall. At the moment 21 averages around 480 levels. For the day...