Hello Guys and Community!
Please check out my analysis on SPY for the next week.
The last week was really in a small range and in a small volume of trades. For the coming week, I am waiting to be thrown off balance and move to one side or the other. On the chart you can see my S / R levels and very strong weekly and monthly levels from the Market Profile method.
We are currently on a very strong weekly value area zone, which SPY still did not beat. Below are very strong POC levels and then Value Area Week. At each of the levels you see on the chart, I will follow the setup to a possible trade.
Daily volume drops to pre-crisis level Covid. It is like silence before the storm that the crisis is certainly not over and on the contrary has created new problems. I'm definitely waiting for a move and I'll be ready for it. I will also be waiting for long-term short trades on the resistances, which will be directed to the values of the annual VWAP.
I hope the analysis helps you. Good luck until the new week!
Please check out my analysis on SPY for the next week.
The last week was really in a small range and in a small volume of trades. For the coming week, I am waiting to be thrown off balance and move to one side or the other. On the chart you can see my S / R levels and very strong weekly and monthly levels from the Market Profile method.
We are currently on a very strong weekly value area zone, which SPY still did not beat. Below are very strong POC levels and then Value Area Week. At each of the levels you see on the chart, I will follow the setup to a possible trade.
Daily volume drops to pre-crisis level Covid. It is like silence before the storm that the crisis is certainly not over and on the contrary has created new problems. I'm definitely waiting for a move and I'll be ready for it. I will also be waiting for long-term short trades on the resistances, which will be directed to the values of the annual VWAP.
I hope the analysis helps you. Good luck until the new week!