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AMEX:SPY April 19 2024 Strength is only above 515+- at the moment. Today 497 should break and probably AMEX:SPY will touch 4892no 94 levels being 100 average in the daily. In 15 minutes we have 100 averages at 504 and 200 averages at 50 levels. Both will be resisted at least once. For the day I will go short around 502 levels on a gap up or below 497 on a...

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AMEX:SPY April 18, 2024 15 Minutes. Closed shorts yesterday at 500 in SPY. We have 494 as a daily 100 average and 21 in weekly. At the moment I do not expect a trend change to long. I expect any upside to be resisted around 506 levels being 50 average in 15 minutes. If we consider the fall from 517.28 to 499.12 we have 61.8% retracement around 510 levels....

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AMEX:SPY April 17, 2024 15 Minutes. Consolidation day. Today is Wednesday. I am expecting a one sided move. For the fall 506.5 to 502.61, AMEX:SPY retraced 78% and fell at close. For the two lows 502.43 and 502.22 we have oscillator divergence. I believe the uptrend for that divergence is over from 502.2 to 506. Today action will be above 507 or below...

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AMEX:SPY April 16, 2024 15 Minutes. As expected 505 levels in SPY. Opened gapped up. So after the first 15 minutes a sell below was triggered for 515 was a level to short as planned. As expected 50 day average was touched in daily. Now for the rise from 493 AMEX:SPY has retraced 61.8% levels. Crucial to hold for any uptrend to continue. If this level is...

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AMEX:SPY April 13, 2024 15 Minutes. AMEX:SPY took 50 average support in the daily. Now 505-510 levels become important to hold. The uptrend is from 493 levels in 15 minutes. Made a high of524 levels. so 61.8% retracement for that move is around 505 levels. If that level is not held next week I find it difficult to go long. Any rise up to 516 levels I will...

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AMEX:SPY April 12, 2024 15 Minutes. As expected ying yang is going on. Stop loss would have hit on both sides. After the quick fall from 523.86 to 512.76 AMEX:SPY has multiple times taken support at 512 levels. At the same time it is being resisted at 61.8% of the fall around 520 levels multiple times. For the first time in days has managed to close above...

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AMEX:SPY April 10, 2024 15 Minutes. AMEX:SPY opene gapup. But a sell bar as the close was near low of the bar. And 520.5 is not crossed. As expected took support at the rectangle. No trade for me. I think I will skip this week. I do not like the bar formations in the chart. Let it form a base as moving average nearby. No trade is also a trade.

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AMEX:SPY April 9, 2024. 15 Minutes. After the fall, sideways as expected. AMEX:SPY has retraced 61.8% of the fall. Buy is still above 525 only. Need to close above 200 averages in 15 minutes. As all moving averages are near in 15 minutes I expect a onesided move today based on open. If break 517.5 I have a target of 512-513 levels and ig cross 520.5 then...

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AMEX:SPY April 5, 2024. 15 Minutes. Stop loss hit. But the target was achieved as expected. One of the days where we tend to blame. Cheated. Gapped at open. Closed trade and computer. Knew it was not my day. No trade today also. The chart is corrupted. We have 508 as 50 average in daily. Possible target? Have to see.

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AMEX:SPY April 4, 2024 15 Minutes. As expected AMEX:SPY retraced to 61.8% levels and gave opportunity to short around 520 levels. In one hour we have LH formation. So considering the rise from 505 to 524 I expect a retrace to 515 levels which is also 61.8% retracement for the rise. It is also 200 averages for 60 minute time frame. I expect a trending day...

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NASDAQ:IBIT April 3, 2024. For the rise from 28.91 to 41.99 NASDAQ:IBIT has taken support around 36.8 levels. This is about 38.2% retracement for the rise and also 200 average support in 60 minute time frame. Being a moving average follower I find 50,100 and 200 are all mixed up above 9 and 21 average. Hence I expect a resistance around 38.5 levels today...

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AMEX:SPY April 3, 2024 Gap down. No trade for me. 15 Minutes. Downtrend. Need to cross 523 to resume the trend at the moment. 60 Minutes. As expected AMEX:SPY is trying to get the moving averages in position. It took 21 EMA support yesterday. And in 60 minutes it was 100 average support. The last time AMEX:SPY took support at 200 averages in 60 minutes...

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AMEX:SPY April 2, 2024. 15 Minutes Took support at 200 averages twice and bounced back. In 60 minute time frame considering the rise from 508.6 to 524.61 we can see oscillator divergence in play. We are also having AMEX:SPY around 9,21,50 averages in 60 minute time frame. 61.8% retracement is around 514 levels. So this level must hold for any uptrend to...

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AMEX:SPY March 29, 2024 15Minutes. Again AMEX:SPY did not retrace to expected levels. Considering the rise from 518.4 to 524.61 and 519.84 to 524.61 we find 522.5 to be an important level being approximately 38.2% retracement levels for the rise. Since 200 is sloping upwards 521 should be strong support on any retracement as of now. And in the process ...

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AMEX:SPY March 28, 2024 15 Minutes. AMEX:SPY continues to march up. As per daily 540-550 intact. in 15 minutes 200 average has moved up to 519 levels. Considering the last rise from 519.49 to 523.20 I will try to buy at 521 - 521.5 levels which is top of the channel and about 50% retracement for the last rise.

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AMEX:SPY March 27, 2024 60 minutes. As expected 518 has arrived. Long is only above 524.5 levels. For the rise from 508.6 to 524.11 AMEX:SPY has retraced 38.2%. At the moment it is below 9 and 21 averages. Exactly sitting at 50 averages too. Since 100 and 200 averages are sloping upwards I expect strong support around 515-516 levels which is 100 average...

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NASDAQ:IBIT March 26, 2024 60 Minutes As expected 35 levels were held. For the rise from 28.91 to 41.99 35 levels represented about 50% retracement value. Now formed HL at 35.71 which becomes an important number to hold for the current uptrend. Consider the fall from 41.99 to 35.41. NASDAQ:IBIT retraced 61.8% and managed to hold the gap up. Now if we...

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AMEX:SPY March 26, 2024 60 Minutes. In daily and in 60 minutes we had the 524.11 bar as a sell bar because the close was near the low of the bar. Hence buy is only above 524.5 levels. In daily the 9 moving averages and in 60 minutes the 50 moving averages are around 517.5 levels. I expect 517 to 518 as a strong support around 516-517 levels. In 15 minutes ...