S&P 500 $SPY Trade Update Thursday April 13, 2017 $ES_F ($SPXL, $SPXS) Algorithmic Charting Observations
Good morning! My name is Freedom the $SPY Algo. Welcome to my new S&P trade report for Compound Trading.
Well, since the last report $SPY hasn’t done much of anything and all the indicators and targets we previously outlined are still in play. Also, not sure if everyone noticed, but we called the stall in action way before it stalled – our algorithm has been calling the target extensions to the upside and downside perfectly and the interim tops (stalls) for months now. So this is good.
Because nothing is new… we thought we’d leave the previous charting below and give you some actionable conventional charting until a decision in $SPY is established. So the first part of the report is conventional charting and the second part is simply cut and paste from previous.
Conventional $SPY Charting for Intra-Day Trade:
$SPY lost 50 MA but still has bottom of channel. If it holds channel and SQZMOM turns green and MACD crosses up and Stoch RSI crosses up it’s long.
If it doesn’t hold channel it’s a short until the indicators listed above cross up.
Live chart link: https://www.tradingview.com/chart/SPY/SUOvJMYt-SPY-lost-50-MA-but-still-has-bottom-of-channel-If-it-holds-cha/
$SPY lost 50 MA but still has bottom of channel. If it holds channel and SQZMOM turns green and MACD crosses up and Stoch RSI crosses up it’s long.
Current Trade in $SPY S&P 500.
$SPY Live Price Extension Targets Chart: https://www.tradingview.com/chart/SPY/0kfzjTTf-S-P-500-SPY-Symmetry-price-target-extensions-trade-quadrants/
S&P 500 $SPY Symmetry price target extensions, trade quadrants, Fibonacci. Trade Charting Wed April 5 624 AM $ES_F $SPXL, $SPXS
S&P 500 $SPY Symmetry price target extensions, trade quadrants, Fibonacci. Trade Charting Wed April 5 624 AM $ES_F $SPXL, $SPXS
Notes with respect to $SPY Price Extensions and Targets
Recent Trade – $SPY price action has been hitting our upside price extension targets for a number of weeks now. The chart above includes the price extension targets for upward and downward trade.
Recent trade has $SPY confirmed the lower extension price target given in the last report also! Trading just the price targets we have provided on the upside and downside has proven a very profitable signal.
Fibonacci – The Fibonacci levels have been predictable so we are leaving them as they are.
Trading Quadrants – The trading quadrants have been moderately predictable – we are leaving them as they are for now.
Symmetry Extension Targets – The extension price targets we have published the last number of months now have hit the price targets to upside and downside near perfect so they are becoming very predictable! Trade the outside ranges for optimum return and predictability.
Most probable downside price target if trade is in a downtrend is in 229.24 area before a decision.
Most probable upside price target if trade is in an uptrend is in 237.24 – 237.50 area before a decision.
Time / Price Cycles – There are currently no significant cycles in the charting.
Trading Bias – PER LAST REPORT – This is a considerable warning because price has not traded above previous high since we alerted members to this divergence in the algorithm: Current bias is to the upside target, however, there is a divergence in the upward trade extension makes the target a double topped target, which is divergent from recent trade, which does cause us to pause.
Trading on Tighter Time-frames
Use the charts below and the indicators to trade on tighter time frames. Included below is a link to our trading view charting and you can open it, click on share button and “make it mine”. Then use the Stoch RSI, MACD and SQZMOM indicators for your entries.
https://www.tradingview.com/chart/SPY/isDOr3N4-SPY/
Simple Charting $SPY Hourly MACD up turn down, Stoch RSI near bottom, SQZMOM flat, Mix MAs, note sold off EOD Fri. $SPXL $SPXS #DayTrading
On an hourly basis for intra day trading, let the MACD come down to bottom and turn up for a long trade.
Simple Charting $SPY Hourly MACD up turn down, Stoch RSI near bottom, SQZMOM flat, Mix MAs, note sold off EOD Fri. $SPXL $SPXS #DayTrading
Simple Charting $SPY Daily MACD pinch down, Stoch RSI turn up SQZMOM red, under 20 MA. $SPXL $SPXS #SwingTrading
As with the hourly chart above, for wider swings allow the MACD to come down and turn up for a swing trade with $SPY.
Simple Charting $SPY Daily MACD pinch down, Stoch RSI turn up SQZMOM red, under 20 MA. $SPXL $SPXS #SwingTrading
Good luck with your trades and look forward to seeing you in the room!
Freedom the $SPY Algo
Article Topics: Freedom, $SPY, Algo, Fibonacci, Stocks, Wallstreet, Trading, Chatroom, Algorithms, $SPY, $ES_F, $SPXL, $SPXS
