🗞️ SPY Chop: A Price Action Abomination Which Can Best Be Described As A Miscarriage of Justice
Furthermore, it was a denial of the glory that was our birth rite..
Hey! I’m @yourboymilt, and welcome to the Daily Newsletter! I should probably let you know...This is not financial advice!
Pt. 1 SPY: Levels and Analysis, Breakdown Video// Pt.1, Flow: Plays and Analysis, YOLOs, Contract Updates
Today in the market…
Although the chop bled us out to a rare L, we were actually right about the Price Action itself. I’ll go deeper into why we’re directionally on track and what to watch for tomorrow.
NOTE: Tomorrow I’ll be mostly or entirely on the YEET+ account having a SPY scalp-athon if the conditions are right—after a frustrating play I generally get bloodlust, so I’ll be taking a few swings.
🕵️ Pt. 1: SPY Flow, Levels and Analysis
🐳 SPY Flow Snapshot
🕵️ SPY Levels
Upside: 506.98, 508.24, 509.04, 510.46, 512.59
Downside: 503.04, 501.9, 500.18, 497.12
🕵️ SPY Chart
As mentioned in the video, what’s most important here is this strong support it has at 503—even though it was boring and choppy, today was overall a very bullish statement saying “we’ve tested the low, we’ve passed, we’re backtesting”.
That backtesting leads us to a date with Target 1: 409.51
