SPY is bullish above $754.50 with targets to $763, bearish below $748 toward $740.76. The analyst tracks volume, moving averages, and daily $10 volatility to avoid the unprofitable middle zone where risk-to-reward breaks down.
Chapters
So let's go ahead and look at the SPY. We've got lots of prints, we always do. And so we've got this, these prints at the top. We've pulled back, we had this low 3.8 million here back on June 11th, and we've moved up, we've pulled back, and we're holding this print here and testing the 4 exponential moving average. So let's see, we can get above 760, then we're above all of the prints. And then we can definitely move higher. If we move below, say maybe below the 738 level, then we can move down to 725. This is a 50 simple moving average down here. So anyway, lots of volatility. SPY is moving about $10 a day. So let's map this out intraday. We're going to be bullish above 754.50. Let's get above this, these prints here. It looks like there's lots of space, but there's not a lot of room for profit taking. So as far as risk and reward is concerned, we've got my 200 simple, 200 exponential here. We've got the pivot that we're fighting with, and then as soon as we get above here, that's the 200 simple. And then you've got this cam right here, and then we've got prints and another pivot. So it looks like there's a lot of room, but there's noise in the way. So 754.50, target 755.89 is a cam. Then we've got 757.02. Then we've got 757.44 is R2. 759.33, 760, 761.25, 763 is R3. So the upside, once we get above there, that would be pretty decent. Bears below 748. Let's get below here. Similar thing, there's the post-market. We've got prints here about 8 million. We're fighting with the 200 exponential right now. So if we pull down and then we've got these cams here as well, so we've got to get below 748 because there's not enough room to take profit in between these for a good risk and reward. So bearish below 748, target 747.27, 746.32, 745.62 is that 3.9 million print we were talking about. Then we've got 744.77, 742.08, and 740.76 is this S3. So lots of room as long as we get out of the sandwich section. If we move up, we've got a plan. If we move down, we have a plan.
