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AMEX:SPY March 11, 2024 15 Minutes. AMEX:SPY opened well on Friday. The first bar a close near the top of the bar. Broke the channel. On retest of channel top, it went below channel. Closed my position at 515.5 levels. Nearly at cost. Now we will take 2 numbers in 15 minutes. The rise 504.91 to 518.22 and thefall 518.22 to 511.14. For the rise, it is...

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AMEX:SPY March 8, 2024. 15 Minutes. AMEX:SPY opened with a gap. I closed around 514.2 levels. AMEX:SPY ended the day with support multiple times on the top rectangle box drawn around 514 levels. Considering the rise of 508.52 to 515.89 holding 512 levels uptrend continues. Also due to the gap and holding 514 levels the oscillator also made a high along...

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NASDAQ:IBIT March 7, 2024 15 Minutes. Yesterday we had sideways after a gap up open. For the rise from 34.03 to 38.59, holding 36.5 levels uptrend continues. I expect a correction as oscillator divergence is seen. For the larger move from 29 to 39 we need to hold 35 levels being the 61.8 reteracement for the shorter rise 34.03 to 38.59, which is also 200...

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AMEX:SPY March 7, 2024 15 Minutes. The gap at open to 510 levels did not allow for a short. AMEX:SPY taking support on 200 averages and is consolidating for a move. The moving averages have converged at close. So holding 508 levels I expect an upward push today towards 513-514 levels. The stochastics which had a black bar at the bottom have now...

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NASDAQ:IBIT March 6, 2024. Started to track this ETF last few days. For the move from 28.91 to 39.68, IBIT retraced yesterday 50% of the last rise. Considering the fall of 39.68 to 34.03 uptrend is only above 37.6 levels. Even crypto I found when too far away from moving averages either goes sideways or retraces. We have 33 levels as 9 moving averages in...

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AMEX:SPY March 6, 2024 15 Minutes. AMEX:SPY opened with a gap down. Hence 508 was broken very easily. It has retraced 50% of the larger rise 493 to 514 levels. If we consider the fall fall 514.20 to 504.92 509.5 to 510 is a good level to short. We have in 15 minutes multiple tops around 513 levels. So need to cross convincingly for an upmove. As a...

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AMEX:SPY March 5, 2024 15 Minutes. AMEX:SPY broke 513.29 but the bar on retest went back into the box. I expect 508-509 levels once 512 is broken on the downside. We have 507 as 9 MA on the daily time frame. At the moment holding 510.5 uptrend continues, and if retrace back to 508 levels we will have a target of 512-513 levels for the upmove, consolidate,...

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AMEX:SPY March 4, 2024 15 Minutes. As expected AMEX:SPY made a high around 513 levels once 508 was crossed. I expect a sideways couple of days as prices are away considerably from moving averages. Also, we have a bar in 15 minutes at ATH 513.29 with the close near the low of the bar. If we consider the rise from 507.17 to 513.29 as long 510 levels are held...

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AMEX:SPY March 1, 2024 15 Minutes AMEX:SPY manages to hold 505 one more day. 505.17 was not broken and made an HL at 505.35. The final push to 510 came at the last minute. But heavy selling pushed it back to 507 levels. For the consider the rise 505.35 to 509.74. Holding 507 uptrend continues. Today if 508.4 is broken I expect a push to 510-513...

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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...

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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...

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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...

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$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...

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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...

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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...

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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...

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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...

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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,...