ScalperSteph

ScalperSteph

Happy Sunday! Let's breakdown what happened this week with SPY and what I think will play out this week: -We filled the gap -Twice SPY retested the 200ema level @ $450.00 before moving back down -Strength moved from bulls to bears once this happened -On a 5minute chart the last 10minutes before the end of Fridays session we finally closed below the 200ema...

ScalperSteph

Today was the day that bears finally took control now the question is will we see a continuation of bearish momentum tomorrow? Most likely Key Levels to watch out for: 1) $449.00 (I prefer to round to the nearest whole number as it is a psych level) however $449.16 was the previous low as you can clearly see on my hourly chart. There are 2 things to consider...

ScalperSteph

Hi there, As per usual I will mention in the beginning of my posts that I am a day trader and look to take advantage of minor movements in the markets. However I do analyze larger timeframes and will post things that catch my attention and possibly yours. First thing to note is that every $2.00 movement is a key level I look at that being said these are my...

ScalperSteph

Hi there my fellow traders/ investors, I am a day trader however I like to to analyze a stock on a larger timeframe taking into account supply/ demand zones, support and resistance levels, strength of momentum, oversold and overbought levels and I want to start sharing my ideas and technical analysis with you all. Any feedback as well as new opinions are welcomed...