S&P 500 $SPY Trade Update Friday Mar 10, 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.
Current Trade in $SPY S&P 500.
$SPY Live Price Extension Targets Chart https://www.tradingview.com/chart/SPY/6Q5oGlEw-Freedom-SPY-Algorithm-Charting/
S&P 500 $SPY Symmetry price target extensions, trade quadrants, Fibonacci. Trade Charting Fri Mar 10 706 AM $ES_F $SPXL, $SPXS
S&P 500 $SPY Symmetry price target extensions, trade quadrants, Fibonacci. Trade Charting Fri Mar 10 706 AM $ES_F $SPXL, $SPXS
Some notes on $SPY Price Extensions and Targets
Recent Trade – $SPY price action has been hitting our upside price targets for a number of weeks now. The chart above includes the price extension targets for upward and downward trade. The downward trade target published in Monday’s report is very near hit in current trade – you can consider it hit for trade planning purposes.
Fibonacci – The Fibonacci levels have been predictable so we are leaving them as they are.
Trading Quadrants – The trading quadrants have been moderately predictable – I am leaving them as they are for now.
Symmetry Extension Targets – As noted in previous report, the previous report upside target was hit again and now the lower trade price target has been hit! The new chart includes an upside and downside trade target. Most probable revised upside if trade is in uptrend is now 240.29 before a decision – which would make it a double top.
Most probable downside price target if trade is in a downtrend is between 233.12 and 232.75 before a decision.
Time / Price Cycles – There are currently no significant cycles in the charting. There is however a significant time / price cycle terminating in $VIX sometime between now and end of day March 10, 2017 (could extend in to Monday the 13th).
Trading Bias – Current bias is to the long upward trade target side, but there is a divergence in that the upward trade extension makes the target a double, which is divergent from recent trade, which does cause us to pause.
This chart (below) I am not updating in this report as the levels are still in play.
30 Min Chart Trading Ranges with Fibonacci, MAs, VWAP , Cloud, AO, TSI , Stoch RSI . S&P 500 -0.21% $SPY Trade Charting Mon Mar 6 710 AM $ES_F $SPXL, $SPXS
Below are the levels our traders will be using for intra-day trade. The Fibonacci indicator settings have proven to be very precise in recent trade. The upside extension in this chart model is very similar to the chart above.
Trade action is following the upper alpha algo line closely (white dotted). In downward trade watch the diagonal trendline support closely (blue).
$SPY 30 Min Trading Levels Live Chart: https://www.tradingview.com/chart/SPY/oad7PuED-30-Min-Chart-Trading-Ranges-with-Fibonacci-MAs-VWAP-Cloud-AO/
30 Min Chart Trading Ranges with Fibonacci, MAs, VWAP , Cloud, AO, TSI , Stoch RSI . S&P 500 -0.21% $SPY Trade Charting Mon Mar 6 710 AM $ES_F $SPXL, $SPXS
This chart (below) I am not updating in this report as the levels are still in play.
$SPY MACD Bullish on 15 Min Chart
This chart is bullish – trade bias to upside to resistance noted in above charts.
Live Chart: https://www.tradingview.com/chart/SPY/FelQwwWV-SPY-MACD-is-currently-bullish/
$SPY MACD is currently bullish
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