Member S&P 500 $SPY Trade Charting Mon Feb 6 $ES_F ($SPXL, $SPXS)

S&P 500 $SPY Trade Update Monday Feb 6, 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.

The first chart below is a form of the most recent charting you have seen.

Fibonacci – The Fibonacci levels have been predictable so we are leaving them as they are.

Trading Quadrants – The trading quadrants for the time frame are also predictable.

Trading Bias and Extension – Added to the chart is an implied extension to the upside based on historical data before the possibility of any noteable pull-back. This puts the interim high at between 230.50 – 230.70. This is the bias of our calculations. First, that price action probability is to the upside before a pull-back, and if so, the extension probability is in the 230.50 range.

Tight Fibonacci Lines for Intra Day Trading our Traders will use with implied historical upside extension. S&P 500 $SPY Trade Charting Mon Feb 6 642 AM $ES_F $SPXL, $SPXS

$SPY Live Trading Chart: https://www.tradingview.com/chart/SPY/AijQcvZT-Tight-Fibonacci-Lines-for-Intrad-Day-Trading-our-Traders-will-us/

$SPY, Chart, Fibonacci — https://www.tradingview.com/chart/SPY/AijQcvZT-Tight-Fibonacci-Lines-for-Intrad-Day-Trading-our-Traders-will-us/

$SPY Bullish however MACD negative divergence look to 200 MA – S&P 500 $SPY Trade Charting Feb 6 708 AM $ES_F $SPXL, $SPXS

In the event our bullish bias does not play out, consider / monitor the MACD divergence (down trend) and watch the 200 MA for support.

$SPY Live Chart: https://www.tradingview.com/chart/SPY/g5LKVW0h-SPY-Bullish-however-MACD-negative-divergence-look-to-200-MA/

$SPY, Chart, 200 MA, MACD — $SPY Bullish however MACD negative divergence look to 200 MA – S&P 500 $SPY Trade Charting Feb 6 708 AM $ES_F $SPXL, $SPXS

Ascending Trade Scenario 1 – S&P 500 $SPY Trade Charting Feb 6 653 AM $ES_F, $SPXL, $SPXS

$SPY Live Trading Chart: https://www.tradingview.com/chart/SPY/1ou53bUE-Ascending-Trade-Scenario-1-S-P-500-SPY-Trade-Charting-Feb-6-6/

Price action in this model is intact. Per previous the 200 MA is support. More importantly the implied resistance is similar to the historical data above at 230.53.

$SPY, Chart, Ascending — https://www.tradingview.com/chart/SPY/1ou53bUE-Ascending-Trade-Scenario-1-S-P-500-SPY-Trade-Charting-Feb-6-6/

Sideways Trade Scenario 1 – S&P 500 $SPY Trade Charting Feb 6 658 AM $ES_F $SPXL, $SPXS

This scenario is also intact. If price ascends above resistance look to it for support.

$SPY Live Trading Chart: https://www.tradingview.com/chart/SPY/oWsddcg8-Sideways-Trade-Scenario-1-S-P-500-SPY-Trade-Charting-Feb-6-65/

$SPY, Chart, Sideways — Sideways Trade Scenario 1 – S&P 500 $SPY Trade Charting Feb 6 658 AM $ES_F $SPXL, $SPXS

The descending model below has a very low probability of remaining intact so there will be no update to it at this point.

Per previous…

Descending with Fib, Symmetry and Time Price Cycle Trade Scenario 1 – S&P 500 $SPY Trade Charting Feb 2 615 AM $ES_F $SPXL, $SPXS

Live $SPY Trading Chart: https://www.tradingview.com/chart/SPY/dIJqIFq8-Descending-with-Fib-Symmetry-and-Time-Price-Cycle-Trade-Scenari/

This chart model is also intact. The important parts are not the general trade direction red dotted lines or that prospective black downward trendline – the downward channel and its associated trading width is the important indicator to watch on this chart.

$SPY, Chart — Descending with Fib, Symmetry and Time Price Cycle Trade Scenario 1 – S&P 500 $SPY Trade Charting Feb 2 615 AM $ES_F $SPXL, $SPXS

Good luck with your trades and look forward to seeing you in the room!

Freedom the $SPY Algo

Tweets by FREEDOMtheAlgo

Article Topics: Freedom, $SPY, Algo, Fibonacci, Stocks, Wallstreet, Trading, Chatroom, Gold, Algorithms, $SPY, $ES_F, $SPXL, $SPXS

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Member S&P 500 $SPY Trade Charting Mon Feb 6 $ES_F ($SPXL, $SPXS)

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