Quote:
Originally Posted by Blazed
Data @ 10 and consumer credit @ 3. Should be a great week.
SPX: 5450 key level / 5500 top (break above 5515 > 5520) / 5400 bottom (break below > 5375 & gap @ 5371.2)
Other s/r areas: 5446, 5402, 5376
Watching:
SPY: SPY reject @ 545.12 area & bounce @ 538-538.8
NVDA: reject @ 105 area and a break below 101 could send it below 100. 100 has been a solid level, levels are solid until they aren't.
Good week to watch flow leading up to FOMC. Don't fight any trends and be patient.
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SPY reject @ 545.12❌- took this reject. Filled around 545.5 and continued to push. Cut the position for a $1.6k L. Took it as flow was turning bearish but trend was still green. Gave it some room and cut w/ break above 546. After I cut my position the trade worked out lol.
Watching what SPX does here. Don't really like this level though as it's weak. So a break & retest here could sill smoke you. Might wait on another area.