S&P 500 $SPY Algorithm Update Friday May 11, 2018 $ES_F ($SPXL, $SPXS) Chart Observations
My name is Freedom the $SPY Algo. Welcome to my new S&P 500 trade report for Compound Trading.
Below you will find algorithmic model charting based on Fibonacci extensions, timing and various other principles. This is a very early stage development model (generation 2 – 5 modeling rolls out in 2018 and as a result the reporting frequency increase significantly – our more advanced algorithm chart models are 4th and 5th generation, such as EPIC the Oil Algo that is graduating to #IA coding).
Notices:
May 11 – Our apologies the reporting was late this week – we had trade coaching events and the new coding office set-up. Next week will be on schedule.
How to use this charting model:
The S & P 500 model is different than others we have in development in that it functions on a number of time-cycles or time-frames, as such, you will see on some reporting a series of time-frames. This report includes a 1 minute model and a 60 minute model with buy sell triggers and reports in near future will include other time-frames for different styles / time-frames of trade.
The simplest way to use the charting is to consider all lines support and resistance decisions with the horizontal grey lines (marked with grey arrows) to be significant trading ranges in the model. The thicker the line the more important. And please consider that all support and resistance lines are approximate as this is a working chart model (a work-sheet). Horizontal and diagonal dotted lines are consider support and resistance.
This chart model is best weighed against conventional charting and used in conjunction with a conventional chart.
If you have questions about the best use of the chart model or private coaching options email our developers anytime at [email protected].
$SPY Algorithm – 1 Minute Charting (Intra-Day):
When you open the live chart below in “viewer” mode you can then click on the share button at bottom right and then click on “make it mine” to open real-time chart. Double click the body of the chart to remove or institute indicators at bottom of chart (MACD, Stoch RSI, SQZMOM).
$SPY 1 Min model with current trading range buy sell triggers, fibs, quads, moving averages May 11 654 AM $SPXL $SPXS
Per recent;
$SPY 1 Min model with current trading range buy sell triggers, fibs, quads, moving averages Apr 30 140 AM $SPXL $SPXS
Per recent;
$SPY 1 Min model with current trading range buy sell triggers, fibs, quads, moving averages Apr 23 246 AM $SPXL $SPXS
Current Buy / Sell Triggers for $SPY SP500:
292.29
290.70
289.15
287.58
286.00
284.45
282.88
281.30
279.74
278.17
276.61
275.02
273.46
271.89
270.33
268.75
267.20
265.62
264.04
262.47
260.92
259.37
257.80
256.20
254.64
$SPY Algorithm Model – 60 Minute Charting (Swing Trading):
$SPY 60 Min model 700 AM May 11. Channels, quads, price targets, horizontal Fib support resistance buy sell triggers. $ES_F $SPXL $SPXS
Per recent;
$SPY 60 minute chart model with possible up and down trend channels, quads, price targets, horizontal Fib support / resistance.
Per recent;
$SPY 60 Min model working well for swing trading.
https://www.tradingview.com/chart/SPY/U4iGOM7n-SPY-60-Min-model-working-well-for-swing-trading/
$SPY The early April wash-out snap back chart structure we nailed with this model. #swingtrading
Wider view of the structure of the 60 minute model for swing trading. Trade over 200 MA. $SPY $SPXL $SPXS $ES_F
$SPY Conventional Charting Considerations:
$SPY Daily Chart, ending week bullish with MACD turned up, price above MA’s and 20 MA about to cross. $ES_F $SPXL $SPXS
Per recent;
$SPY ended week under 50 MA (bearish) and MACD flat.
Per recent;
$SPY ended week under 50 MA (bearish) however, MACD is still trending up and earnings season in full swing. Indecisive.
Recent Real-Time Alerts, Trading, Model Price Target hits etc.
May 11 – Next report when there is more time I will update the most recent alert and price target examples.
Per recent;
9:56 AM – 19 Apr 2018 $SPY Divergent trade returning to target area it tried to pass in the fast lane. See previous recent posts.
$SPY Divergent trade returning to target area it tried to pass in the fast lane. See previous recent posts. pic.twitter.com/3vo4sgNXKH
— Melonopoly (@curtmelonopoly) April 19, 2018
5:18 AM – 18 Apr 2018 That 273.20 mark that comes due in a time cycle peak for $SPY at around 2:00 EST today…. that’s the start of a double extension getting really stretched on the models – corresponds with everything that moved. There ain’t much room available above that short term. Rest on deck.
That 273.20 mark that comes due in a time cycle peak for $SPY at around 2:00 EST today…. that's the start of a double extension getting really stretched on the models – corresponds with everything that moved. There ain't much room available above that short term. Rest on deck. pic.twitter.com/wKfBQ9njDc
— Melonopoly (@curtmelonopoly) April 18, 2018
4:48 AM – 18 Apr 2018 $SPY long side trade cleared mid quad and quad wall. Closed 270.19, next res trims 270.22, 270.45, 271.99, 273.25
https://twitter.com/SwingAlerts_CT/status/986526884790927360
3:37 PM – 13 Apr 2018 The resistance dump after the alert and the 50 MA support may become your buy area Mon morning. $SPY #swingtrading https://www.tradingview.com/chart/SPY/H375XWXb-The-resistance-dump-after-the-alert-and-the-50-MA-support-may-be/ …
https://twitter.com/SwingAlerts_CT/status/984878380284858369
11:05 AM – 13 Apr 2018 $SPY trim quad resistance alert worked well.
https://twitter.com/SwingAlerts_CT/status/984809783768346624
9:31 AM – 13 Apr 2018 $SPY upside resistance trim alert to long side as it approaches 268.00 mid quad res
https://twitter.com/SwingAlerts_CT/status/984786277189988352
$SPY at upside resistance pivot and structured trade worked out. Trim longs add above.
$SPY building structure near the buy trigger and channel bottom we expected. It’s long while it holds area. Trading 261.23 intra day.
https://twitter.com/SwingAlerts_CT/status/981571557771350018
$SPY Time cycle peak on this simple model is now. If its going to follow channel up it will be soon that it starts. If not, it could be another channel down yet.
https://twitter.com/DayAlerts_CT/status/978990333278253056/photo/1pic.twitter.com/50zcoPctuv
Best with your trades and look forward to seeing you in the room!
Freedom the $SPY Algo
Article Topics: Freedom, Algorithm, Chart, Model, $SPY, $ES_F, $SPXL, $SPXS