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...
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...
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 ...
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.
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...
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...
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 ...
AMEX:SPY March 24, 2024 15 Minutes. As expected 523 was done. Consider the rise from 511.13 to 524.01 and the rise from 515.08 to 524.01. AMEX:SPY has retraced 23.6% of the latter. Holding 515-517 levels uptrend to continue. Monday and Tuesday I expect a consolidation in the levels 517.5-524 levels so the moving averages can catch up.
NASDAQ:IBIT March 21, 2024 15 Minutes. For the rise from 28 to 41.99 levels NASDAQ:IBIT retraced 50%. The LL at 35.41 made on Wednesday had oscillator divergence. We have 39.4 levels as 200 averages. That should provide resistance for the current move. That level is also 61.8 % retracement for the fall from 41.99 to 35.41. For the day the rise from 35.41...
AMEX:SPY March 21, 2024 15 Minutes. Wednesday. Once more made money. Onc 518.5 was taken out AMEX:SPY made ATH. Consider the rise from 515.08 to 520.62. Holding 517 uptrend will continue. Also if we take two other rises from 514.36 to 520.62 and from 511.1 to 520.62 We find 515-516 very important levels to hold to continue the uptrend. For the move 508.36...
AMEX:SPY March 20, 2024 15 Minutes. AMEX:SPY opened gap down. So closed shorts around 511.5 levels. Consider the last rise from 511.13 to 515.99. Holding today, 514 levels I expect AMEX:SPY to make one more attempt towards 518-518 levels. AMEX:SPY has closed above all moving averages. The black bar on stochastic is on top, During retracement from 515.47...
AMEX:SPY March 19, 2024 15 Minutes The gaps always create issues in our setups. AMEX:SPY opened with a gap and consolidated all moving averages except 50 moving averages in 15-minute time frame. For the rise from 509.22 to 514.47 olding 510.5-511.5 levels AMEX:SPY will be bullish. It is crucial for AMEX:SPY to hold the top of the channel on a...
NASDAQ:IBIT March 18, 2024 60 Minutes Looks like HL, HH pattern is broken. Also NASDAQ:IBIT too far from moving averages. At the moment below 9,21 and 50 averages in 60 minute time frame. I will consider 3 moves. The rise from 28.91 to 41.99. The rise from 34.03 to 41.99 The fall from 41.99 to 37.45 for the first rise NASDAQ:IBIT has retraced 23.6...
AMEX:SPY March 18, 2024 Daily For the last rise from 493.56 to 518.22 AMEX:SPY has retraced 38.2% levels and is now at 21 day support. 61.8% of the move is 503 levels. So it is crucial that AMEX:SPY holds that level for any uptrend now to continue. Buy on daily is only above 518.5 levels. For the day in 15 minutes chart consider the last fall 514.94 to...
LSE:IBT March 15, 2024. 15 Minutes. NASDAQ:IBIT retraced back to 200 averages in 15 minutes time frame. For the rise from 34.03 to 41.99 NASDAQ:IBIT has retraced to 38.2 levels. And for the rise from 37.77 to 41.99 it had retraced more than 61.8%. So holding 39 resistance can be expected around 41-42 levels. On the downtrend i expect 37 as a target...
AMEX:SPY March 15, 2024 Minutes. The open bar gave a clue. Gap up. Close near the low of the bar. So sell. With SL as high of bar + few cents. The reason is my target was approximately 518-519 levels. gain NYSE:S to Y retraced to 61.8% of the retracement for the rise from 508.5 to 517.28. we have many long bars in the fall 517.28 to 511.83. I prefer to...
AMEX:SPY March 14, 2024 15 Minutes. As expected AMEX:SPY retraced to 515 levels. Considering the rise from 504.91 to 518.22 AMEX:SPY retraced to 508.5 which is more than 61.8% of retracement. Hence AMEX:SPY is struggling to move up. If we consider the fall 518.22 to 508.5 SPY needs to be more than 514.5 levels which is 61.8% retracement for the fall....
NASDAQ:IBIT March 13, 2024 15 Minutes The gap was filled yesterday. If we consider the rise from 37.77 to 41.8 then NASDAQ:IBIT retraced 61.8% of the move. And for the fall 41.8 to 39.21, it has again retraced 61.8 of the fall. For the day considering the last rise from 39.21 to 40.94 NASDAQ:IBIT has to hold 39.9 levels for 40-41 as a target. More...