šŸ•µļøā€ā™‚ļø I SPY 5/20 Recap and 5/21 Outlook šŸ”­šŸŽÆ

SPY 5/20 Recap

https://preview.redd.it/p3laz9p1yc071.png?width=1427&format=png&auto=webp&s=c983f43c547ee4f7a49381a5f0509320922f97cf

  • Filled gap convincely.
  • Hit resistance šŸŽÆ but not bullish šŸŽÆs. Reached high of 416.63 or 0.18 from first bullish pt from this mornings read.
  • Spiked @ 86 ish on RSI and ended the day @ 52 ish (Bullish). 15 min. timeframe.

https://preview.redd.it/06xx2qw5oc071.png?width=2163&format=png&auto=webp&s=6a63a6a9790d4c0e2de234447c8eedb72ac5071d

15 min. RSI

https://preview.redd.it/jq7spgkbpc071.png?width=2163&format=png&auto=webp&s=52f94f11a879a2a3b68b5d26656d0f566d5bdeb4

From post this morning:

https://preview.redd.it/cisrmbfjpc071.png?width=4104&format=png&auto=webp&s=4df655407d320ad425dd7f314a4ca11228dbb8d5

W-Shape Recovery?

Outlook post from last night.

outlook post from last night

W-shape with today's price action.

  • For the w-shape to hold true we need to push over 418.

https://preview.redd.it/3wbsfzmypc071.png?width=2163&format=png&auto=webp&s=140453b61e599b3d2c0ff80256b7bfecf66b6df7

5/21 Outlook – Bullish – Neutral

  • Bulls need to fill the gap on the 1D timeframe. Gap fill is at 416.72 – 418
  • If Bulls find support at 418 then I believe that we hit the call wall at 419-420 – 420.53
  • Best case for bulls is that we gap above and test new support @ 418.
  • Bears need to protect gap. If gap is tested and resistance holds look for 415 – 414 – 412 (gap fill) – 410. I don't think we see below 410 but we shall see.

https://preview.redd.it/6ov1jlqo0d071.png?width=2163&format=png&auto=webp&s=56f210c9a4f919956e487420ad29fa05a4db6afe

1D RSI

  • RSI at 53ish (>50 = bullish)

https://preview.redd.it/4elq6ug15d071.png?width=2163&format=png&auto=webp&s=d100f916882cc35b1142bb6e4a805cb2a684e4a2

SPY SPOT GAMMA – Tomorrow's data is incomplete.

https://preview.redd.it/qhxhmwhyrc071.png?width=2648&format=png&auto=webp&s=163d1435b058a1a2fb595268a1760196e55d95e7

Look for 5/21 SPY read post tomorrow morning before open.

Thanks for reading!

Night_Man

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