Check Out The Two AMAZING Trades On SPY & BABA

Good morning, traders. It's Friday, February seventh at five forty-two a.m. So big economic news this morning starting at eight thirty. We have nonfarm payrolls and unemployment rates, so that we're expecting a bit of a volatile market. That's one of the big ones other than FOMC that can move the market quite a bit. So let's go ahead and look at what we've got set up. I've got SPY and BABA. So SPY, just, you know, kind of in relation to the economic news. So if we're looking at SPY, this is pretty much in a resistance area if we're looking at the daily chart here. So you could actually just pretty much draw a line, and there's some prints here around 606, 600K, 800K. You know, those are, those are real-time ones that came in other than the late prints. And if you're not sure what a late print is, you can check some of my other videos there. And, um, Anyway, so we have this kind of resistance, this area looking left. So on the long term, if we close above, you know, 610, 611, then we've got some great trades possibly to the upside here. So, um, we'd have to make a higher high because here there's not a higher high, that's not a higher high. So this could clearly reverse on us as well with these prints. So let's look at the 5-minute. And see what we've got going on. So we're going to be bullish above 608. So we've got to get through this mess. We've got this R1 here at 607.64. So let's go up to 608, and we've got 608.42, 608.96, and then let's see if we can get up to 610, which is this R5, and then 611, 612, 612.50 to 612.78. These are some great pockets to trade. Up in here, and then above the $6.10, there's another $2 there. So on the downside, we're gonna have to break this structure here, is gonna have to break down a little bit. So let's go bearish below $6.05. So we're gonna get all the way down here below the pivot. Okay, so below this purple line. So we'll get below $6.05, target $6.0450, $6.0422. Here's our— here's some support here. And then 60382, and if we break below that, we've got some nice pockets to 60250, 602, and then 60150. This is an S2, and similar sort of thing. Like even if we go beyond this range, what we're looking for is something like this: the four and the eight exponential moving average moving together. That's bullish. So if we're following that sort of trend, then there's no reason to get out of the trade. If we're coming down to these levels, they're going to bounce up, come back down, increasing volume. Volume breaking below, then we stay in the trade like that. Okay, so there's the SPY. The next one we're looking at is BABA. So here's the daily on BABA. So this is a nice up move, and so we're at $106.64 right now. We're going to be bullish above $108.20. So let's look at the 5-minute This is an R5, so $108.20, if this is really going to move and break above there, so we'll do the 20-cent level and then this will be support. We're going to target $108.50, $109, $110, the $10 level is big, $111.25, $112, $112.50, and similar sort of thing if this is going to continue up. And we'll follow that along there. Now the ATR in this one is $3.27 on that, so I'm not going to map it out too far. The upside trade is far easier. Look at all of this mess that we have here on the downside. So we're going to be bearish below 104. We're going to get down here below 104, and then we're gonna have targets to 103, 102.50, 102.26. You see what we're doing down here? 102, 101.46, and 101. That'll get us, that'll get us back down to here, 101. And then all of this here is just noise. So this will be a tough one unless there's a big push on the downside. We'll see. And especially the non-farm payroll will affect the market anyway. Okay, so there you have it. There's your 2 trade setups, SPY and BABA for today. So please like and subscribe, leave some comments in the comment section below, and we'll see you this afternoon to see how we did.