SPY - Macro-Market Overview and what the algorithms are saying
Currently we are being guided by a strong selling teal on the LTF but we must keep in mind the HTF algorithms of red and white (which are bullish liquidity builders). Right now, we need to see who wins out in this fight between teal and red - if we break red and prove teal guidance, we are definitively in strong selling and can easily make our way toward the HTF white at the low $500's.
As always, let the algorithms guide you!
Happy Trading :)
As always, let the algorithms guide you!
Happy Trading :)
Nota
To add to that previous update, when we day trade, we are looking to trade HTF algorithms and ONLY HTF algorithms and levels. LTF information should not matter when determining an entry - it should be entirely based on where HTF price has intention to go. This was one of those HTF levels that, if held with confluences, has the ability to bring us at minimum to our nearest HTF algorithm which it did just that.
Perfect example of a LTF trade utilizing HTF algos!
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.