πŸ•΅οΈβ€β™‚οΈ I SPY TA – Monday March 07, 2022 (0DTE Scalpers Delight) via /r/wallstreetbets #stocks #wallstreetbets #investing

πŸ•΅οΈβ€β™‚οΈ I SPY TA – Thursday March 03, 2022 (0DTE Scalpers Delight)

https://preview.redd.it/9tqyefslxrl81.png?width=1456&format=png&auto=webp&s=8b12e0110c0e4829b544cd2964da7dd40ac9068a

https://preview.redd.it/1ybm2c1nxrl81.png?width=1380&format=png&auto=webp&s=f09da4fe1b8739b599d284bb8f78ac84813f351a

  • Gapped down with slight upslope consolidation.
  • It appears that SPY is lagging behind QQQ and IWM. Will SPY follow QQQ and IWM and see a break out of consolidation to the downside?

Levels

  • Break 433.71 and look for 436.49 – 438.28
  • Break 438.28 and look for 440.91
  • Break 440.91 and look for 443.31 – 444.47 – 446.05
  • Break 446.05 and look for 451.20 – 452.91
  • Break 452.91 and look for 456.68 – 458.06
  • Lose 428.69 and look for 425.71
  • Lose 425.71 and look for 422.73 – 419.55 – 414.73

https://preview.redd.it/q8e77p0pxrl81.png?width=1456&format=png&auto=webp&s=4c62eb1a7daf4487911a1439eeead5ec117db906

Notes:

  • At this point I am bearish – neutral midterm. If we can close above 440 then I will be neutral mid-term.
  • Bulls need to keep it above 425.71 on Monday. Line in the sand is 422. Lose 422 and we will test lows 414-410 IMO but we shall see.
  • Double top on the 2 hr. RSI, from 2/28 to 3/2 is concerning. Level to watch on this time frame is 57.91. A break at this level will put us close to 444 IMO.

https://preview.redd.it/7vzfev9rxrl81.png?width=1456&format=png&auto=webp&s=d9079a4ccfe1d0c5cf0c8328c065436db7c311fa

  • We closed above the 21 EMA (5 min) but under the 200 EMA (5 min.)
    • 21 EMA currently sits at 430.70
    • 200 EMA currently sits at 434.82
  • Daily RSI – bearish – neutral. 65 min RSI – neutral. 15 min. RSI – bullish – neutral. Restested the prior resistance on the daily RSI. Monday may be a make or break moment.

https://preview.redd.it/a15y6zrtxrl81.png?width=1456&format=png&auto=webp&s=13c97860005f8897b776dbaa1335b85b9b03177b

  • We are in the consolidation channel so I will provide both bearish and bullish breakout targets.
  • Breakout bullish bias – measured move targets – 443.34 – 448.05 with an eye on 440.69.
  • Breakout bearish bias – measured move targets – 424.03 – 419.21 with an eye on 427.15.

https://preview.redd.it/6sgsgjbwxrl81.png?width=1456&format=png&auto=webp&s=c197962c7904b19e25902b3222cec746228d3e50

  • Whale Watch

https://preview.redd.it/xaf4cjhyxrl81.png?width=1456&format=png&auto=webp&s=93fd8ec5cd85bfb9821dfb7cd48b964f10f8336d

  • Algo Flow – Day – Divergence at around 432 – something to keep an eye on.

https://preview.redd.it/s0rzmhs0yrl81.png?width=1456&format=png&auto=webp&s=ce114cbcabcd0209011acf8fcf0a52b5ed0c5843

  • Algo Flow – 5 Day – Divergence at around 432 – something to keep an eye on.

https://preview.redd.it/a6icsys2yrl81.png?width=1456&format=png&auto=webp&s=144afeed43e17285a9c650202848fbe1f20bdb90

  • Flow Heatmap

https://preview.redd.it/unhhqup4yrl81.png?width=1456&format=png&auto=webp&s=a1ce0250ef162ae4ee51d2d36920412722e0e8ee

  • Netflow – puts above 0 is concerning – But calls stayed relatively flat 🧐. If calls start to decline next week then bears will feast.

https://preview.redd.it/2d4ned07yrl81.png?width=1456&format=png&auto=webp&s=4b8026839f1639d9823ad72216ef2e4aef0844e4

Fib-Retracement Study – 1 Day

Key Levels (bold are in play tomorrow)

  • 0 – 473.9
  • 0.236 – 462.66
  • 0.382 – 455.71
  • 0.5 – 450.09
  • 0.618 – 444.47
  • 0.786 – 436.47
  • 1 – 426.28
  • 1.618 – 396.84

https://preview.redd.it/usf91629yrl81.png?width=1456&format=png&auto=webp&s=fc4947dea2a354265d0894e1852f6f3dded23eb9

Key Levels

  • 0 – 458.60
  • 0.236 – 444.09
  • 0.382 – 435.11
  • .5 – 427.85
  • 0.618 – 420.59
  • 0.786 – 410.26
  • 1 – 397.10
  • 1.68 – 359.10
  • 2.618 – 297.60
  • 3.618 – 236.10

https://preview.redd.it/4tijooyayrl81.png?width=1456&format=png&auto=webp&s=bd5367982b10eac6c004eb854658c9d489a1a75e

Positions:

Was able to play a single call scalp on the bounce. I have yet another busy week beginning to stack up but it looks to clear up later in the week – thursday – friday so hopefully I can scalp most of those days.

https://preview.redd.it/51bcr4fdyrl81.png?width=1456&format=png&auto=webp&s=2b41ca350b41692b2823977907c1798191119bd8

Thanks for reading,

🌝NightMan

NOT INVESTMENT ADVICE.