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Happy Wednesday!
Yesterday was a good comfirmation day for the bull breakout. Holding price above 328 was their line in the sand. There's talk of another island top. It's in the cards for certain. Last island that was made (Jun 5-10) was made of a nice 3 day run up before a giant drop. Took some more time to get to this point. They may run 3 or more days, perhaps go into the weekend on a high note and drop monday. But we will see...
Graveyard Shift
Clean up crew yesterday didnt do anything. But the morning shift today is hard at work. Big gap up eating into the empty space up top. Just means there's another window down below now of course. Lets see if they fill down or up...
Resistance levels
(Pre-Market) 332.21
331.65
332
332.2
332.55-.6
332.85
333
333.4
Support levels
(Pre-Market) 331.14
330
329.55
329.3
329.15
329.05-328.95
328.5 -328.6
328
Extras
Shared Chart
www.tradingview.com/chart/oOetWWMH/
*This chart will be shared and updated all day. Come to this idea to get commentary all day for intraday playing. If you would like to know my thoughts for this week, see the chart below*
Weekly Projection
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
Happy Wednesday!
Yesterday was a good comfirmation day for the bull breakout. Holding price above 328 was their line in the sand. There's talk of another island top. It's in the cards for certain. Last island that was made (Jun 5-10) was made of a nice 3 day run up before a giant drop. Took some more time to get to this point. They may run 3 or more days, perhaps go into the weekend on a high note and drop monday. But we will see...
Graveyard Shift
Clean up crew yesterday didnt do anything. But the morning shift today is hard at work. Big gap up eating into the empty space up top. Just means there's another window down below now of course. Lets see if they fill down or up...
Resistance levels
(Pre-Market) 332.21
331.65
332
332.2
332.55-.6
332.85
333
333.4
Support levels
(Pre-Market) 331.14
330
329.55
329.3
329.15
329.05-328.95
328.5 -328.6
328
Extras
Shared Chart
www.tradingview.com/chart/oOetWWMH/
*This chart will be shared and updated all day. Come to this idea to get commentary all day for intraday playing. If you would like to know my thoughts for this week, see the chart below*
Weekly Projection
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
تعليق:
premarket levels are the first line for bears
تعليق:
little quiet right now...got a standoff on hand
تعليق:
332 is gonna be important
up to the gap window is going to be like walking on eggshells
up to the gap window is going to be like walking on eggshells
تعليق:
that comment was meant to be posted an hour ago...
تعليق:
bulls working the gap. little at a time. filling the gap is one thing, mooning through it is another.
signs are bullish at the moment. but sky rocketing past the gap doesn't have a lot of support
signs are bullish at the moment. but sky rocketing past the gap doesn't have a lot of support
تعليق:
332.5 & 332.6 should be next resistance
تعليق:
staying under 332 isnt good for bulls. theyd be happier above it.
تعليق:
if bears can get under 331.65 and cap it, it'll be a trigger for a little sell off.
Price is rising at a slower pace
Volatility is shrinking
Volume is "just enough" to get a close above
It seems to me there's some slowing down signals, slight exhaustion.
Could be wrong, but with major earnings wrapping up, and people reevaluating everything, we could see a swing.
one big thing preventing a nice crash, is everyone trying to prep for one. still too many puts to calls out there. fear is still high