SPY - Macro-Market Overview and what the algorithms are saying

31 Mar

Currently we are being guided by a strong selling teal on the LTF but we must keep in mind the HTF algorithms of red and white (which are bullish liquidity builders). Right now, we need to see who wins out in this fight between teal and red - if we break red and prove teal guidance, we are definitively in strong selling and can easily make our way toward the HTF white at the low $500's.

As always, let the algorithms guide you!

Happy Trading :)

31 Mar

İşlem aktif

Incredible day trade (short term long) opportunity as we beautifully held the red tapered selling algorithm that we identified.

31 Mar

Not

To add to that previous update, when we day trade, we are looking to trade HTF algorithms and ONLY HTF algorithms and levels. LTF information should not matter when determining an entry - it should be entirely based on where HTF price has intention to go.
This was one of those HTF levels that, if held with confluences, has the ability to bring us at minimum to our nearest HTF algorithm which it did just that.

Perfect example of a LTF trade utilizing HTF algos!