SPY does what it wants. Enjoy the ride.

Hello Traders. Wannabe Trader here. I drew four lines on the graph. The SPY can go either way. Be aware SPY can go either direction, but 144 min chart and the indicators and such are pointing down for the next day or so. Capture the moves however you want. I like the mornings. Sometimes I like the end of the day to overnight.

Case #1: SPY falls for a day or so to either lower lines.
Case #2: SPY moves sideways to gather energy for another move higher.
Case #3: SPY moves higher to either of the above lines.

Good Luck.

Trade closed: target reached:

Hello Traders. Wannabe Trader here. I hope you guys woke up this morning to catch the down move indicated by the 144min. My entry was on the 5min chart at the 21 MA from 315 to 312 to fill the morning gap. I hope you guys traded well.

Trade closed: target reached:

Hello Traders. Wannabe Trader here. Same routine. I hope you woke up this morning to catch the bear trade. My entry was at the 5min 200ma to the next lower white line 312.40. I hope you guys traded well. Charts didn't change from when I posted this idea.

Comment:

Hello Traders. Wannabe Trader here. I thought I would post an update. So today SPY hit the top white line above 322.50. So what is next? If SPY closes above 322.50 on the Daily chart, then the market is still bullish and wants to touch 330 before this really ends. If no,t then SPY may fall back down to those previous lines and maybe back to 300 or 200 ma.

Comment:

Sorry. Meant to write 325.50 and not 322.50.