This chart highlights a potential retracement zone before a major continuation leg to the upside, based on Fibonacci levels and price structure.
📊 Technical Breakdown
Current Price: $589.39
Recent High: $595.54 (Fibonacci 1.0)
Key Fibonacci Levels:
0.618 → $562.28 (First retracement target)
0.5 → $555.57
0.382 → $547.38
Critical Support: $552.15 (confluence with historical demand & fib zone)
Projected Target (1.382 Fib Extension): $629.02
🧠 Probabilistic Interpretation
🔻 Short-term pullback toward $552.15 = 60% probability based on multiple rejections from 0.886/1.0 Fib zones.
🔼 Continuation to $629.02 = 70% probability if price finds support at golden ratio (0.618) or 0.5 zone.
🧠 Structure favors smart money re-accumulation after engineered liquidity grab.
🌐 Macro Context (as of May 31, 2025)
Fed Watch: Market pricing in 70% chance of no rate cut in June. July data will be crucial.
VIX: Suppressed, but starting to rise—indicative of market hedging short-term volatility.
Earnings season: Mixed signals—AI sector outperforms while cyclicals lag.
🚨 Trade Plan for Professionals
Watch for price action near $555–552.
Enter long upon bullish engulfing or SMC confirmation at demand zone.
First TP: $595.50
Final TP: $628.80–$629.02
SL: Below $541.72 (Fib 0.382)
🧠 Final Note
This chart reflects a classic Fibonacci retracement & extension structure that institutional traders often monitor. Aligns with DSS and WaverVanir’s discretionary outlook.
#SPY #SMP500 #FibLevels #SmartMoney #LiquiditySweep #WaverVanir #TechnicalAnalysis #FibonacciTrading #TradingView
📊 Technical Breakdown
Current Price: $589.39
Recent High: $595.54 (Fibonacci 1.0)
Key Fibonacci Levels:
0.618 → $562.28 (First retracement target)
0.5 → $555.57
0.382 → $547.38
Critical Support: $552.15 (confluence with historical demand & fib zone)
Projected Target (1.382 Fib Extension): $629.02
🧠 Probabilistic Interpretation
🔻 Short-term pullback toward $552.15 = 60% probability based on multiple rejections from 0.886/1.0 Fib zones.
🔼 Continuation to $629.02 = 70% probability if price finds support at golden ratio (0.618) or 0.5 zone.
🧠 Structure favors smart money re-accumulation after engineered liquidity grab.
🌐 Macro Context (as of May 31, 2025)
Fed Watch: Market pricing in 70% chance of no rate cut in June. July data will be crucial.
VIX: Suppressed, but starting to rise—indicative of market hedging short-term volatility.
Earnings season: Mixed signals—AI sector outperforms while cyclicals lag.
🚨 Trade Plan for Professionals
Watch for price action near $555–552.
Enter long upon bullish engulfing or SMC confirmation at demand zone.
First TP: $595.50
Final TP: $628.80–$629.02
SL: Below $541.72 (Fib 0.382)
🧠 Final Note
This chart reflects a classic Fibonacci retracement & extension structure that institutional traders often monitor. Aligns with DSS and WaverVanir’s discretionary outlook.
#SPY #SMP500 #FibLevels #SmartMoney #LiquiditySweep #WaverVanir #TechnicalAnalysis #FibonacciTrading #TradingView
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.
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.