Looking for support and resistance lines?
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Happy Monday!
Little late start on the write up this morning. I'll be brief with what i'm seeing.
-Bears held down bulls on Friday
-Gap up this morning is bullish, but below the golden line makes it suspicious
- Plugged in a weekly channel thats noticable
- Still consolidating for a big move in the future. playing ping pong, up and down right now.
Intraday will give more details regarding todays move.
Graveyard Shift / Morning Crew
Graveyard Shift: pushed more down. bearish
Morning Crew: gapping up under the golden line. seems tricky
Futures Crew (/ES)
Consolidating still
Two big numbers today:
For Bulls: 3390
For Bears: 3300
Resistance levels
(Pre-Market) 336.66
(See Shared Chart)
Support levels
(Pre-Market) 335.76
(See Shared Chart)
Gaps
356.37 - 357.48
337.7-338.52
Extras
On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results.
Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence:
Black Solid Bold (Weekly S/R)
Gold Solid (Daily S/R)
Dashed Black (Hourly S/R)
Blue Line (Target S/R)
Pink Line (Gap Target)
Shared Chart
www.tradingview.com/chart/oOetWWMH/
Weekly Projection
None this week.
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
Like the idea and follow me for intraday SPY commentary!
Happy Monday!
Little late start on the write up this morning. I'll be brief with what i'm seeing.
-Bears held down bulls on Friday
-Gap up this morning is bullish, but below the golden line makes it suspicious
- Plugged in a weekly channel thats noticable
- Still consolidating for a big move in the future. playing ping pong, up and down right now.
Intraday will give more details regarding todays move.
Graveyard Shift / Morning Crew
Graveyard Shift: pushed more down. bearish
Morning Crew: gapping up under the golden line. seems tricky
Futures Crew (/ES)
Consolidating still
Two big numbers today:
For Bulls: 3390
For Bears: 3300
Resistance levels
(Pre-Market) 336.66
(See Shared Chart)
Support levels
(Pre-Market) 335.76
(See Shared Chart)
Gaps
356.37 - 357.48
337.7-338.52
Extras
On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results.
Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence:
Black Solid Bold (Weekly S/R)
Gold Solid (Daily S/R)
Dashed Black (Hourly S/R)
Blue Line (Target S/R)
Pink Line (Gap Target)
Shared Chart
www.tradingview.com/chart/oOetWWMH/
Weekly Projection
None this week.
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
Comment:
bulls holding the pre high.
not a lot of volume but theyve got it for now.
337.2 is their next goal
bears will like to try and run a test low side.
most likely aiming for the open, then the prelow
coming up short will re ensure the bulls have a little more to give.
but volume is giving an idea of sentiment at the moment.
not a lot of volume but theyve got it for now.
337.2 is their next goal
bears will like to try and run a test low side.
most likely aiming for the open, then the prelow
coming up short will re ensure the bulls have a little more to give.
but volume is giving an idea of sentiment at the moment.
vix is up.
p/c ratio sitting at 2
rest of the market seems up at the moment