$SPY Levels and Zones I'm watching this week.
Here's a quick thread 🧵going over the Zones I'll be watching coming into the week. Lets looks at where they came from and why they are on my chart 👇
Here's a quick thread 🧵going over the Zones I'll be watching coming into the week. Lets looks at where they came from and why they are on my chart 👇
Let's start with the lower Zones. A break below Friday low is a big watch for me. We can see from chart below how strong this level is
Below that I'm watching 391.10 for possible support, Then another big Demand Zone at the 388 level
These are where strong price pivots occurred
Below that I'm watching 391.10 for possible support, Then another big Demand Zone at the 388 level
These are where strong price pivots occurred
For upside Zones the first I'm watching is Fridays high of day. Clear support turned resistance at this zone.
Above that I'll be watching that next Supply area at 402 for resistance. Next is that 404.16 Zone.
These are more areas where sharp price pivots have occurred recently.
Above that I'll be watching that next Supply area at 402 for resistance. Next is that 404.16 Zone.
These are more areas where sharp price pivots have occurred recently.
I'll be coming in with no bias towards either direction. I will watch the reactions to these levels/zones and play off what I see.
A break of Fridays range should see a nice move regardless of the direction.
Good luck everyone! Trade safe this week and let's bank! 🤙
A break of Fridays range should see a nice move regardless of the direction.
Good luck everyone! Trade safe this week and let's bank! 🤙
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