$SPY Analysis, Key Levels & Targets for Day Traders Feb 5 2025

SPY Analysis, Key Levels & Targets for Day Traders

We are sitting right at the 35EMA above the 30min 200MA which is still bullish. We have a green signal line, and we are above the 50 Day Moving Average.

We do have a bearish signal which is the 1hr 200MA trading underneath the 50 Day moving Average

So we are have mixed signals today, leaning bullish but not fully bullish.

Implied move on the day is 596 to 607 - let’s go, y’all