This week's trading in the SPY with pre-market activity. Vertical blue dash line is the regular trading hour open, fuchsia horizontal lines are the overnight highs/lows.
Monday - Trend day from the beginning. Notice how the first 5-minute bar cut right through the o/n lows and didn't look back, making it difficult to enter if looking to short a pullback.
Tuesday - A false breakdown of the o/n lows leading to a squeeze in the other direction. Support at the o/n highs eventually holding and extending into the 150% projection.
Wednesday - Price holding the o/n lows, attempting to break the o/n highs and eventually selling off down to the 50% projection.
Thursday - A narrower o/n range with an early breakout to an eventual tag of the 100% projection. Late afternoon pullback coming very close to the o/n high and extending higher on extreme volatility.
Friday - o/n lows hold and move higher throughout the day.
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Last Week In SPY
Published 06/17/2012, 01:54 AM
Updated 07/09/2023, 06:31 AM
Last Week In SPY
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