Since I was getting asked question about SPY etf, I decided to answer them via the video analysis. Not trading or investment advice..
Price action closed above both the .618 fib & .382 fib levels on the daily chart. I'm waiting for price action to close above the .5 fib level $435.65 (which is also a gap area).. With price action closing above this gap, I can see a retrace back to $460
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Oct 1st, 2023 futures session video analysis (short)
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bear flags are seen on the 1hr, 1min, 3min, and 5min, 15min time frame... during the futures session
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AD showing me 4300, bearish Triangle pattern. Likely this takes away the short I was looking to do at NY open.. the converse side of the trade before the short was to take 424-425 calls on SPY near the open.. this was for a swing trade from the bullish ab-cd.. will re-evaluate at the open..
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monitoring
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monitoring this for intraday movement, could happen before Powell speaks
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#study could help in the future... stoch rsi above the clouds at the .618 fib (short positions currently closed)
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SPY AD showing a 3min TF bear flag going into the close... I will not long anything going into the close, if bear is there in premarket we will set up a short again
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15min chart, bear flag by the AD & Price Action
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15min chart also showing a bear flag on futures. if price action fails to breakout above, and if b leg fails to hold as support. Then the AD is confirming this bear flag... im bearish til it breaks upward
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Im out of the shorts... monitoring for a close above the 1.618 fib on the 15min
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see the live video analysis of the 15min bear flag. I talked about the double bottom and showed chart of the ab-cd bullish pattern set up
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I mentioned that I was looking for the bullish ab-cd set up, but wanted to see the double bottom and right now its holding going into the close at the 1.618 fib level (right near it)
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probably need to make this a separate chart
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im bearish on the 10yr treasury, a decline in yield is bullish for commodities & equities
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.