spytradingpro

spytradingpro

Trading Plan for Monday, April 15th, 2024 Market Sentiment: Highly uncertain due to major geopolitical headline risk over the weekend. Expect significant volatility and potential for large gaps up or down at the Sunday open. Important Note: The escalating tension between Iran and Israel has the potential to cause significant market disruptions. BE PREPARED for...

spytradingpro

Trading Plan for Friday, April 12th, 2024 Market Sentiment: Uncertain, with bulls and bears battling over the key support at 5191 in the red flag pattern. Key Supports Immediate Supports: 5200, 5191 (major), 5184, 5178, 5171 (major), 5162. Major Supports: 5157, 5147, 5123-26 (major), 5103, 5096 (major), 5050-53 (major). Key Resistances Near-term Resistance:...

spytradingpro

Trading Plan for Thursday, April 11th, 2024 Market Sentiment: Uncertain, as the market continues to digest the hotter-than-expected CPI report and its implications for the Federal Reserve's actions. Key Supports Immediate Supports: 5200, 5191 (major), 5184, 5178, 5171 (major), 5162. Major Supports: 5157, 5147, 5123-26 (major), 5103, 5096 (major), 5050-53...

spytradingpro

Trading Plan for Wednesday, April 9th, 2024 Market Sentiment: Volatile and uncertain. CPI came in hotter than expected, increasing the likelihood of continued aggressive actions by the Federal Reserve. CPI Data and Impact: CPI rose 0.4% for the month, resulting in a 12-month inflation rate of 3.5%, surpassing expectations. Core CPI also accelerated 0.4%...

spytradingpro

Trading Plan for Tuesday, April 9th, 2024 Market Sentiment: Consolidating within a tight range. Expect a breakout or breakdown with the potential for increased volatility. Key Supports Immediate Supports: 5246, 5232-35 (major), 5221, 5212, 5207 (major). Major Supports: 5196-98 (major), 5181, 5172 (major), 5155 (major), and many more. Key...

spytradingpro

Trading Plan for Monday, April 8th, 2024 Market Sentiment: Bullish with potential for volatility as CPI data approaches. Important Note: CPI data will be released later this week. Expect outsized moves and potential traps. Prioritize risk management and adaptability. Key Supports Immediate Supports: 5246 (major), 5230-34 (major), 5221, 5212, 5207, 5203...

spytradingpro

Trading Plan for Friday, April 5th, 2024 Market Sentiment: Extreme volatility expected due to the recent selloff and NFP data release. Caution and adaptability are crucial. Important Note: Nonfarm Payrolls (NFP) was released at 8:30 AM (EST). Expect outsized moves and volatility. Avoid predictions, and look for failed breakdowns as potential trade entry...

spytradingpro

Trading Plan for Thursday, April 4th, 2024 Market Sentiment: Uncertain, as traders weigh consolidation signs against the underlying bullish trend. Weekly Volatility Risk: High (consolidation phase, earnings, Fed uncertainty) Key Supports Support Levels: 5266, 5257(major), 5246, 5241 (major), 5235 (major), 5231, 5222 (major), 5212 (major), 5208, 5203, 5196,...

spytradingpro

Trading Plan for Wednesday, April 3rd, 2024 Market Sentiment: Cautious, price discovery after pullback in a strong uptrend. Weekly Volatility Risk: High (price discovery, earnings season, potential FOMC pivot implications) Supports to Watch: Immediate Supports: 5245-5242 (major), 5235, 5232 (major), 5219, 5210-12 (major), 5203 (major), 5190, 5183, 5175-77...

spytradingpro

Trading Plan for Tuesday, April 2nd, 2024 Market Sentiment: Cautious, tactical trading within a range, price discovery in the context of a strong uptrend. Weekly Volatility Risk: High (price discovery in a new zone, potential chop) Supports to Watch: Immediate Supports: 5294, 5286 (major), 5278-80 (major), 5274, 5267 (major), 5262, 5256, 5249, 5243-46...

spytradingpro

Trading Plan for Monday, April 1st, 2024 Market Sentiment: Cautious, price discovery ahead of reopening after long weekend Weekly Volatility Risk: High (price discovery holiday, heightened with geopolitical backdrop) Supports to Watch: Immediate Supports: 5307 (major), 5299-5302 (major), 5293, 5287 (major), 5280, 5275 (major), 5270, 5261, 5267, 5252 (major),...

spytradingpro

Trading Plan for Thursday, March 28th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5307, 5302, 5296-5299 (major), 5293, 5288 (major), 5284, 5280, 5274 (major), 5268-70 (major), 5265, 5258 (major), 5245-47 (major), 5240, 5235 (major), 5230, 5217, 5213-16 (major), 5208 (major), 5203, 5190-93 (major),...

spytradingpro

Trading Plan for Wednesday, March 27th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5266 (major), 5258, 5247 (major), 5242, 5233-36 (major), 5221, 5213, 5206-10 (major), 5198, 5188-91 (major), 5181, 5172, 5167-69 (major), 5162, 5153-55 (major), 5146, 5137, 5126 (major), 5119 (major), 5109 Resistances to...

spytradingpro

Trading Plan for Tuesday, March 26th, 2024 Market Sentiment: Cautious, consolidation after rally Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5274-76 (major), 5267, 5263 (major), 5257, 5247-51 (major), 5243, 5235, 5228 (major), 5221, 5217, 5212, 5200-03 (major), 5194, 5190 (major), 5179, 5171, 5167 (major), 5163, 5152-55 (major), 5147,...

spytradingpro

Trading Plan for Monday, March 25th, 2024 Market Sentiment: Cautious, watching key support levels after the rally Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5284-88 (major), 5276, 5259 (major), 5245-48 (major), 5236, 5230, 5219-21 (major), 5213, 5208, 5200-5197 (major), 5191, 5186, 5177, 5168-71 (major), 5163, 5155, 5145...

spytradingpro

Trading Plan for Friday, March 22nd, 2024 Market Sentiment: Cautious, watching key support levels Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5302 (major), 5298, 5286, 5282-79 (major), 5275, 5257, 5246-49 (major), 5236 (major), 5231, 5225, 5218 (major), 5212, 5208 (major), 5203, 5191-94 (major), 5179, 5169-71 (major), 5162, 5153-55...

spytradingpro

Trading Plan for Thursday, March 21st, 2024 Market Sentiment: Cautious, price discovery after breakout Weekly Volatility Risk: High (potentially elevated due to price discovery post-breakout) Supports to Watch: Immediate Supports: 5275-80 (major), 5266-68, 5260, 5251 (major), 5246, 5236, 5231, 5221-26 (major), 5217, 5212 (major), 5200-02 (major), 5196,...

spytradingpro

Trading Plan for Wednesday, March 20th, 2024 Market Sentiment: Extremely cautious ahead of FOMC decision Weekly Volatility Risk: Extremely High (FOMC) Supports to Watch: Immediate Supports: 5236, 5230, 5220-17 (major), 5212, 5209 (major), 5202, 5196, 5192 (major), 5184, 5169-71 (major), 5162, 5155-57 (major), 5147, 5137 (major), 5126 (major), 5117, 5100-03...