S&P 500 $SPY Trade Update Tuesday Jan 24, 2017 $ES_F ($SPXL, $SPXS) Charting / Algorithm Observations
Good morning! My name is Freedom the $SPY Algo. Welcome to my new S&P trade report.
$SPY is still in the same trading range so this will only be a quick report. Until trade establishes a trend we cannot publish projected algorithmic charting that will include targets, time/price cycles, and trading quadrants (all based on the trend). In the meantime intra-day trade charting our traders are using for Tuesday is below.
It’s a mixed message in $SPY right now because equal weight is showing weakness on key pivots (bearish) but this is an intense earnings week and that can send $SPY upward quick. So stay nimble.
S&P 500 $SPY Trade Charting Tues Jan 24 3:51 AM $ES_F ($SPXL, $SPXS)
The chart below is a “rough” chart of levels our traders are using until a trend is established in $SPY (along with the others previously posted). At which time a trend is established (trade exits current sideways trading) you will receive detailed algorithmic charting (per above). So for now we are using the rough quads and Fibonacci levels below.
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, Gold, Algorithms, $SPY, $ES_F, $SPXL, $SPXS