SPY Daily Commentary | S/R
Looking for support and resistance lines?
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Happy Thursday
Bulls running strong yesterday. Going into a labor day weekend they have the inclination to finish strong. Reminder the market is close Monday. Normally into the holiday's the market like to stay higher. But lets see what the charts say...
Graveyard Shift / Morning Crew
Graveyard Shift: Nothing special, maintained the high
Morning Crew: little gap down. 355.75ish . Therefore, we will have a window at open. To keep momentum, theyll want to close it sooner than later.
Futures Crew (/ES)
3555 is the latest breakout. and is being touched as support right now. Channel is up to 3585. If bears are looking for another touch lower, there is 3535 as the last breakout.
Resistance levels
(Pre-Market) 356.92
(See Shared Chart)
Support levels
(Pre-Market) 355.74
(See Shared Chart)
Gaps
353.44 - 352.68
341.06 - 339.71
331.18-330.06
327.73-326.63
Extras
Keeping in mind this is all new territory for the bulls, there's no easy way to find a resistance. All resistances are new and the market will tell what is and isnt a resistance as time goes on.
Shared Chart
tradingview.com/chart/oOetWWMH/
*This chart will be shared and updated all day. Come to this idea to get commentary all day for intraday playing. If you would like to know my thoughts for this week, see the chart below*
Weekly Projection
None this week.
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
Like the idea and follow me for intraday SPY commentary!
Happy Thursday
Bulls running strong yesterday. Going into a labor day weekend they have the inclination to finish strong. Reminder the market is close Monday. Normally into the holiday's the market like to stay higher. But lets see what the charts say...
Graveyard Shift / Morning Crew
Graveyard Shift: Nothing special, maintained the high
Morning Crew: little gap down. 355.75ish . Therefore, we will have a window at open. To keep momentum, theyll want to close it sooner than later.
Futures Crew (/ES)
3555 is the latest breakout. and is being touched as support right now. Channel is up to 3585. If bears are looking for another touch lower, there is 3535 as the last breakout.
Resistance levels
(Pre-Market) 356.92
(See Shared Chart)
Support levels
(Pre-Market) 355.74
(See Shared Chart)
Gaps
353.44 - 352.68
341.06 - 339.71
331.18-330.06
327.73-326.63
Extras
Keeping in mind this is all new territory for the bulls, there's no easy way to find a resistance. All resistances are new and the market will tell what is and isnt a resistance as time goes on.
Shared Chart
tradingview.com/chart/oOetWWMH/
*This chart will be shared and updated all day. Come to this idea to get commentary all day for intraday playing. If you would like to know my thoughts for this week, see the chart below*
Weekly Projection
None this week.
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
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