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 and appreciated!
Daily --> SPY is currently maintaining a peak overbought level at 100 as shown with the stochastic RSI indicator
--> There are (2) resistance levels to keep an eye on for SPY $454.00 and $457.50 and a possible range that can be formed between these price levels
Hourly --> A bearish divergence has formed. 3 times price continued to make higher highs however the awesome oscillator failed to record this price movement
I have nothing major to note on shorter timeframes. My target is to take advantage of price pulling back before making a higher high. I continue to see bullish momentum which I believe may continue early next week Monday, Tuesday before "reversing" (as mentioned I am a day trader and take advantage of minor moves in the market so a reversal for me can be seen as consolidation for an investor). Next support levels to the downside are $450.00 and $447.00.
Have a great weekend everyone!
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 and appreciated!
Daily --> SPY is currently maintaining a peak overbought level at 100 as shown with the stochastic RSI indicator
--> There are (2) resistance levels to keep an eye on for SPY $454.00 and $457.50 and a possible range that can be formed between these price levels
Hourly --> A bearish divergence has formed. 3 times price continued to make higher highs however the awesome oscillator failed to record this price movement
I have nothing major to note on shorter timeframes. My target is to take advantage of price pulling back before making a higher high. I continue to see bullish momentum which I believe may continue early next week Monday, Tuesday before "reversing" (as mentioned I am a day trader and take advantage of minor moves in the market so a reversal for me can be seen as consolidation for an investor). Next support levels to the downside are $450.00 and $447.00.
Have a great weekend everyone!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.