BradMatheny

SPY Example Setup For Daytraders

Education
AMEX:SPY   SPDR S&P 500 ETF TRUST
Here is an example dual-chart setup for SPY daytraders.

I set this up to help my followers understand how to perceive price action as we attempt to transition through the $405 SPY Support level.

If my analysis is correct, we'll see a fairly strong reversion (upside) price trend as long as the $404~405 level holds.

This chart includes a number of TradingView PUBLIC SCRIPTS and a dual-chart layout.

Both Heiken-Ashi and traditional Candlestick charts are used.

Learn to better TIME/ENTER your trades and learn to use price structure/Fibonacci retracements to develop target levels.

Follow my research.

Disclaimer

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