🗞️The Sunday YEET
Step by Step SPY analysis and of course, FLOW
🕵️♂️ A SPY Walkthrough
SPY / ES Analysis:
In the most basic sense, SPY finally broke from that wedge we identified to do a cannon ball right to the prior low.
From there we went to test the lower part of the previous consolidation range:
And again we see another test of the next previous high up and a bounce on it after the rejection
So with all these data points we can at least see patterns start to emerge for consideration. Any way you slice it—a trendline, a channel, a wedge—we are led to this place; a loss of some sort of uptrending structure that just had a rejection of it’s reclaim attempt on Friday
In that reality, then, wouldn’t the most logical move be a retest of the lower high that is yet to be tested? That would be in line with the pattern forming, and the annoyingly lopsided head and shoulders on the horizon.
👌 The Play, Levels Perspective:
Jumping early- any rejection in the yellow zone that brings an hourly close under 6040
Safer Bet - Confirmed break under 6,000 and playing it to monthly targets of:
5927 // 5830 // 5730
🌊The Flow Section (YEET Plus):
NFLX Flow Updates
YOLO of the Day
Signature Trade