$SPY Analysis, Key Levels & Targets for Feb 18
Expected move on the day is between 606 - 614
Expected move on Wednesday’s contract 614 - 615
30 Day average is a bit wider 603 - 617 so might not be a bad plan to find the midpoint as well. Everything between 615 and 617 is extreme overbought and likewise everything between 614 and 613 is extreme oversold on the day.
That downtrend line that is facing down is NOT downward momentum. Look to the Moving averages instead. 30min 200 MA is FLAT
We are just underneath ATH’s here and if we break above 614 is the next target on the day
Underneath us we have the 35EMA and at the very bottom we have the 30min 200MA which is FLAT
These two are bullish here after inflation data.
Bullish - but overbought - with Flat momentum.
Let’s GOOOOOOOO
🚨Subscribe here if you want these charts in advanced on YouTube - it’s free, youtube.com/@spyderqueentrading
🔴My Chart Settings- youtu.be/WJhP0NhED0o
I am not your financial advisor.
🔴My Chart Settings- youtu.be/WJhP0NhED0o
I am not your financial advisor.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
🚨Subscribe here if you want these charts in advanced on YouTube - it’s free, youtube.com/@spyderqueentrading
🔴My Chart Settings- youtu.be/WJhP0NhED0o
I am not your financial advisor.
🔴My Chart Settings- youtu.be/WJhP0NhED0o
I am not your financial advisor.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.