$SPY Analysis, Key Levels & Targets for Day Traders for Feb 7 20

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SPY Analysis, Key Levels & Targets for Day Traders for Feb 7 2025

Alright, y’all, ATH’s are back in the trading range today.

We have a downtrend line off of ATH’s midway through the range and then ATH’s, and 612 as the top of the implied move for the day.

Underneath we have the 35EMA -which we bounced on yesterday - and the 30min 200 for support.

Under all of that we have the 50 Day Moving average.

Easy Trading range today.
Bullish moving averages but they are close together and that means that could change.

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That 601 strike was money today!! 🔥
We opened up today and were rejected at the downtrend. From there we got pushed back under the 35EMA and the 30min 200MA.
And you can't see it here but you'll be able to see it when I upload Mondays trading range, that 30min 35EMA came right to the 30min 200MA, possibly signaling the end of the bull run for now... at least that's a level to watch for a follow through it could go either way here.