S&P 500 $SPY Trade Update Friday Feb 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.
In Thursday’s market trade became active, and as such this will allow for considerable charting over the coming days. A complete update will be done prior to Saturday webinars that are scheduled (vs Sunday update) and for today a quick update so trader’s have levels intra-day for today’s trading.
Most Recent Simple Charting Updates From Monday – Be Sure You Have These:
Intra-day trading ranges with Fibonacci, MAs, VWAP, Cloud, Indicators. S&P 500 $SPY Trade Charting Mon Feb10 651 AM $ES_F $SPXL, $SPXS
Below are the levels our traders will be using for intra-day trade on Friday.
$SPY Intra-day Trading Levels Live Chart: https://www.tradingview.com/chart/SPY/acfEactA-SPY-Intra-day-trading-ranges-with-Fibonacci-MAs-VWAP-Cloud/
Intra-day trading ranges with Fibonacci, MAs, VWAP, Cloud, Indicators. S&P 500 $SPY Trade Charting Fri Feb 10 651 AM $ES_F $SPXL, $SPXS
Symmetry extension, trading quadrants, Fibonacci. S&P 500 $SPY Trade Charting Fri Feb10 700 AM $ES_F $SPXL, $SPXS
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, not perfect, but predictable.
Symmetry Extension – If you refer to the most previous report, we included a red dotted line to provide you an upward trend extension for a price target of our upward trading bias. Trade did break out to the upside and the upward trading price target has been hit! The new chart below provides you with a new upward trending symmetrical extension.
Time / Price Cycles – There are time / price cycles coming due between Friday 12:00 EST and Tuesday 4:00 EST – during time / price cycle terminations we advise our traders to use caution.
Trading Bias – Our trading bias is to the upside again with the possibility of an interim / moderate pull back.
$SPY Live Trading Chart with Symmetry Extensions, Fibonacci, and Trading Quadrants:
Symmetry extension, trading quadrants, Fibonacci. S&P 500 $SPY Trade Charting Fri Feb10 700 AM $ES_F $SPXL, $SPXS
Symmetry extension, trading quadrants, Fibonacci. S&P 500 $SPY Trade Charting Fri Feb10 700 AM $ES_F $SPXL, $SPXS
Below we have copied the applicable charting that is not being update today from the previous report for your reference. The weekend update will have all newly revised charting.
$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 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.
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/
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.
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
Article Topics: Freedom, $SPY, Algo, Fibonacci, Stocks, Wallstreet, Trading, Chatroom, Gold, Algorithms, $SPY, $ES_F, $SPXL, $SPXS