S&P 500 $SPY Algorithm Update Monday June 5, 2017 $ES_F ($SPXL, $SPXS) Chart Observations
Good morning! My name is Freedom the $SPY Algo. Welcome to my new S&P trade report for Compound Trading.
Below you will find algorithmic model charting based on Fibonacci extensions, timing and various other principles. It is what our traders are using to trade the S & P 500. Although not as developed as our Oil algorithm, it is now use able in a complete fashion. Future updates will be more regular and more specific indicators added as we go. Thank you for your patience and support.
You will find the charts hard to get used to. Best way to get used to them is to use them on tight time frames at first. Over the coming days we will add more and more instruction but for now simply use every line horizontal or diagonal as a support and resistance decision. And then over coming days we’ll show you which are more probable to hold and hierarchy of importance etc.
S&P 500 $SPY Algorithm chart. Support and resistance lines 30 min. Important clusters (red circles) $ES_F $SPXL, $SPXS
S&P 500 $SPY Algorithm chart. Support and resistance lines 30 min. Important clusters (red circles) $ES_F $SPXL, $SPXS
S&P 500 $SPY Algorithm chart. Support and resistance lines 5 min chart. Important clusters (red circles) $ES_F $SPXL, $SPXS
https://www.tradingview.com/chart/SPY/NsYlCPWg-S-P-500-SPY-Algorithm-5-min-chart-Support-and-resistance-lines/
Good luck with your trades and look forward to seeing you in the room!
Freedom the $SPY Algo
Article Topics: Trading, Algorithm, $SPY, $ES_F, $SPXL, $SPXS