SPY NYSE |
SPDR S&P 500 ETF Trust • Exchange Traded Fund |
Thu 21 Nov, 9:33 am ET | |
Breakout tradeWATCH for possible breakout above 602.88
Target: 626.95, 5.8% Stop: 584.55 Loss: 1.4%
P/L ratio: 4.1 : 1 - Excellent
Breakout Long Short Narrow price area with possible breakout and long trade entry Default chart
Quote 592.68 +2.18,+0.4% L 592.66 O 593.4 H 593.57 Volume 1.99mil +3.8% typical 52 Wk 467.2 to 598.8 Short naDiv 1.19% EPS naMkt Cap na |
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Top ˄Thu 21 Nov, 9:33 am ET
8 Month Detailed Chart
100%
Narrow price area with possible breakout and long trade entry
Scale +/-0(min) to 10(max)
QUOTE
592.68, +2.18 pts (+0.4%), Thu 21 Nov, 9:33 am ET
up from yesterday's close.
Today's
L 592.66 O 593.4 H 593.57Typical price range:
585.17 to
595.83 ± 5.33 pts, ± 0.9%
Extreme price range (85% of time)
579.83 to
601.17 ± 10.67 pts, ± 1.8%
VOLUME
1.99mil shares, +3.8% compared to typical volume of 1.92mil by 9:33 am ET.
Typical daily volume is 47.89mil shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 31.74 pts (5.4%) occurs 25% of the time.
Extreme: 41.26 pts (7%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BULLISH
[Positioning] Intermediate trend bullish, Uptrend.
[Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
[Timing] breakout watch above 602.88, no resistance in area just above.
BEARISH
None
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
up (+2.18 pts, +0.4%) from yesterday's close.
SHORT TERM DIRECTION
OVERBOUGHT/SOLD
NeutralPlus, odds slightly favor short trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
SUPPORT/RESISTANCE
592.68, at support or resistance,
597.66 ± 5.38
type double,
strength 6
Support Below : -1.6% at
583.4 ± 5.25
type single,
strength 1
Resistance Above : None.
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Strong bullish 3 day candlestick pattern.
Strong 3 day accumulation, occurs 30% of the time.
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Strong Neutral 1 day moneyflow by 9:33 am ET,
stalemate between bulls and bears, occurs 30% of the time.
BREAKOUT
WATCH for possible breakout above 602.88, no resistance in area just above.
Type: True breakout from double resistance.
Target:
626.95, 5.8% Stop: 584.55
Loss: 1.4%
P/L ratio: 4.1 : 1 - Excellent
BREAKDOWN
None.
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
592.68, at support or resistance,
597.66 ± 5.38
type double,
strength 6
SUPPORT BELOW
-1.6% at 583.4 ± 5.25 type single,
strength 1
-3.7% at 570.79 ± 5.14 type double,
strength 10
-5.6% at 559.59 ± 5.04 type triple,
strength 9
...
RESISTANCE ABOVE
None.
70%
Trade Quality
Long
TARGET 1
Price:
616.86 Profit:
4.1% (Typical rally)
Stop/Trailing Stop: 584.55 Loss: 1.4%
P/L Ratio: 2.9 : 1 - Good
POTENTIAL
Excellent, there are 0 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 2
Price:
626.27 Profit:
5.7% P/L Ratio: 4.1 : 1 - Excellent
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
WATCH for possible breakout above 602.88, no resistance in area just above.
Type: True breakout from double resistance.
Target:
626.95, 5.8% Stop: 584.55
Loss: 1.4%
P/L ratio: 4.1 : 1 - Excellent
70%
Trade Quality
Short
TARGET 1
Price:
570.79 Profit:
3.7% (Typical pullback)
Cover/Trailing Cover: 598.73 Loss: 1%
P/L Ratio: 3.7 : 1 - Good
POTENTIAL
Excellent, there are 1 support areas on the way to Target 1.
When there are few support areas, stocks may quickly fall to targets.
TARGET 1 SUPPORT
-1.6% at
583.4 ± 5.25
type single,
strength 1
-3.7% at 570.79 is Target 1
TARGET 2
Price:
559.59 Profit:
5.6% P/L Ratio: 5.6 : 1 - Excellent
(Extreme pullback)
Breakdown trade indicators.