james_l
2023-06-11

Great ariticle, would you like to share it?
@Asphen：
SPY breakout of 4 day balance! Rejected off call options wall at 430! BIG catalyst week coming up! - Zero DTE call options stopped SPY run! Big call option wall at 430 meant that market makers will not want market to end Friday above 430! - A big rejection candle formed on Friday with a touch into 431+ as shared in TA Thurs - It is NOT bearish until it is. - It held above the magical 429/430 level so it awaits CPI Tues! PPI/FOMC Wed! - 4 day area of balance 426 and 429 will be key; Monday might see it break below back into range - On 5min chart, notice that 429 came strongly into support meant bears do not want to take it downwards too far - Note that there is lack of support below 426 down to 421 My watch - If it breaks back below into range 426-429 - If it stays above 426 Overall, still cautiously bullish to me, with 435 still a target. This could also be a buy the rumour sell the fact situation. So if FED does pause on Wednesday, pullback might happen. Good luck, all! @TigerStars @CaptainTiger @LMSunshine @Deposit @melson $SPY(SPY)$ $Invesco QQQ Trust(QQQ)$
SPY breakout of 4 day balance! Rejected off call options wall at 430! BIG catalyst week coming up! - Zero DTE call options stopped SPY run! Big call option wall at 430 meant that market makers will not want market to end Friday above 430! - A big rejection candle formed on Friday with a touch into 431+ as shared in TA Thurs - It is NOT bearish until it is. - It held above the magical 429/430 level so it awaits CPI Tues! PPI/FOMC Wed! - 4 day area of balance 426 and 429 will be key; Monday might see it break below back into range - On 5min chart, notice that 429 came strongly into support meant bears do not want to take it downwards too far - Note that there is lack of support below 426 down to 421 My watch - If it breaks back below into range 426-429 - If it stays above 426 Overall, still cautiously bullish to me, with 435 still a target. This could also be a buy the rumour sell the fact situation. So if FED does pause on Wednesday, pullback might happen. Good luck, all! @TigerStars @CaptainTiger @LMSunshine @Deposit @melson $SPY(SPY)$ $Invesco QQQ Trust(QQQ)$

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  • Asphen
    ·2023-06-11
    thank you
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