Pre-market trading setup for SPY and INTC on March 13, 2025. SPY targets 558.56 to 568 USD with resistance at 561 USD; INTC bounced on volume and targets 23 to 30 USD. Initial jobless claims data drops at 8:30 a.m. ET.
Chapters
Good morning, traders. It's Thursday, March 13th at 5:34 a.m. Okay, we've got economic news today, which is initial jobless claims. That's at 8:30. So anyway, we'll cover the SPY and Intel. We did that yesterday, but Intel seems to be on the move. It's interesting prints there, and since the market has been quite volatile, we'll also cover the SPY. So let's go ahead and have a look. So here's the SPY now, and yesterday we had a 2.5 million share trade at 562.51. So we're below that at the moment, and so what we see here is we've got this massive volume. The volume is waning a little bit, but the, the candles are kind of thinning out. But look at all of these prints that we can bump our heads on. So this is massive resistance at around 561. Because we've got the 4 EMA here, we've got these massive prints from before, and so we have to get above that and at least tag the 8 EMA around 567, and then we can get up there. But that's still 10 points away, right? So we're not sure what'll happen today. And then there's the news right now. It looks like it's rolling over a little bit pre-market, but then we can come down and test this 548.24. That would be 10 points below, and then we've got these gaps down. Now these are the largest prints in the in recent recent time frame. So let's look at the five minute and see what we've got going on here. So we're going to be bullish above 558.56, which is right here. This this pivot we need to get above that, and then a target of 559, 559.73, 560.60. $561.32, which is this 10 million print. And if you've been watching my videos, we were hovering around that the other day. $561.46, $562.50, which is a $2.50 level. $563.42, $564.05, $564.50. And we've got $565 and $567.50, and you can push it up to $568. If you, if you can, which is an R2 and a, um, and another cam up there. So 568. Okay. On the downside, we're looking at, uh, 557. We'll get below 557, but get below this one here. And then we'll go 556.28, 556, 557.50, 555, 554, 553.69. So that would get us down here. $553, $552.50, $550 down to here, $549.36 is our target here. So that's pretty much this $10 ATR. So we can see that this is still going up a bit. This is up over $10 in a day, so the volatility is still quite high. Next up is Intel. So we had called out Intel, and it's an interesting one because yesterday we can see that there was massive volume. We had a doji here, and but we closed above the 4 EMA. We closed in between the 4 and the 8, and I mentioned that in my follow-up video that that's kind of where we were stuck. But then this morning we bounced off that print up to this next one. So we've got lots of prints here, 28.4 million. At 21. And then that's the biggest one there. 1978 is 1.1, uh, 1.8 million. 2273, we're just crossing that now. It looks like 6.5 million, but we get above here, it's game on, right? Look at these, 2289, 23. There's another 8— what is that, 18 million? Then around 24. So if this starts closing above those levels, then this is a great trade, and I can see this going up to at least 30 with all of this below us, right? So that seems to be looking pretty good. Okay, so let's look at the 5-minute, and we are bullish above 23 with a target of 23.20 and then 23.43, 23.57. Now 23.43 is the 6-point 6 million print, 2357 is an R4. So that's a little extended, but we can gap and go for sure. 2416, 2450, and 25. So 2416 is the 7 million, and then, uh, 2450 is an R5, and then 25 is the 6.3 million share trade. So this, if it's super strong, what'll happen is these 4 and the 8 will cross, and it might not stop too much at these levels if it's— if there's a lot of buying power. Because these are all the psychological levels of the dollar, quarter, half dollar, things like that. Usually we would have a pullback. If we continue just going through that, even maybe small pullbacks and continuing, it might pull back here at these a little bit, but then increasing volume breakthrough. If the 4 and the 8 are continuing like that and you see, then you can stay in the trade. All right, there you have it. There's your 2 trade setups for today. Hopefully you guys make some money on that. Please like and subscribe, leave some comments in the comment section below, and we'll see you after lunch to see how we did.
