davekclinton76

davekclinton76

Pre-Market Read – June 23 AMEX:SPY Premarket High: 595.15 Premarket Low: 592.15 Bias: Leaning Bearish Price got rejected again at that 600–602 zone — that’s been a wall. All the EMAs (9/50/200) are stacked tight, which usually means something’s brewing. Institutions bought heavy down around 572–579 — they’re already green, so they might start selling into...

davekclinton76

Saw a triangle forming on the 5 and 15 min charts. My plan is to wait for the breakout at 549, then catch the pullback to 547. I wanted the 9 EMA to hold and a green candle to confirm before getting in. I got my entry at 548.50, stop at 547, and my first take profit at 550, second at 552. The whole point of this trade for me is to being patient. I didn’t want to...

davekclinton76

SPY looks like it’s forming a bull flag on the 15-min. If it breaks and holds above 536.43 with a strong green candle close, I’m grabbing calls. First take profit is 538.75, and if RSI stays above 60 I’ll leave a runner toward 542. If it breaks down under 534.30, that’s a sniper short setup toward 531.10. As always, do your own due diligence—this isn’t financial advice.