$SPY 5DTE view

13 Jan

SPY 5DTE view

Ok, so this is the 5DTE View, so for Friday’s contract.
569-592 is this weeks trading range and the election gap is in focus.
The 1 week 35EMA is underneath our trading range and I will go over the in one of the videos this week as to why that is important.
We are also sitting right on top of the 4hr 200MA

14 Jan

Dagangan aktif

So we gapped down on Monday to start the week and we filled the election island gap completely. For the past few weeks on my videos I’ve been mentioning that gaps that overlap always fill and we started the week filling that election gap completely and then as soon as we hit the bottom of that gap, we pulled right back up got back above the four hour 200 average and closed just underneath 35 EMA.