$SPY Analysis, Key Levels & Targets for Feb 4 2025

4 Feb

So in today’s trading range, we are just a little bit above the 50 day moving average that level is in focus above that we have the 30 minute timeframe 30 minute trading under the 35 EMA that is still bullish.

There’s not a whole lot of momentum Here right now we got pushed back from all time highs last week and pushed right back to the 50 day moving average, which is flat, and the one hour 200MA which is also flat. (From down)

We do have a support level after filling that gap at 590 on the day.
Overall, the general momentum looks pretty flat with a bar gap in the upper part of the trading range .

I have iron condors, and iron butterflies on from yesterday so the flatter the better today for me.

5 Feb

Dagangan aktif

Did you see how that bear gap acted as resistance all day? It didn't quite get to the top of the implied move but fo rme that was a good thing. I had Iron Butterflies and Iron Condors from the night before and my position closed up 25% today.