RiderTrader

$SPY November 1, 2023.

Alış
BATS:SPY   SPDR S&P 500 ETF TRUST


15 Minutes.

Holding the low SPY achieved the 418 target as expected.
At the moment SPY is above all moving averages.

Wave 3 is in progress considering the length of the oscillator 5,35 green bars.

However as can be seen it is getting tired.
The price is getting higher but the oscillator is creating a divergence.

Now I expect a retracement to 415-416 levels and then 421-422 levels initially.

We have 200 sloping downwards, the rest moving upwards. So if we can get a convergence today tomorrow could be a good one-sided move.

If you see hourly Fibs and 200 averages daily, 424 becomes important.

So today I have a range between 415-416 to 421-422 levels.

I have not done any trade for the week.



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.