S&P500 - Trading Analysis for the day

[aberz]

Hello,

I will be posting my regular daily analysis for S&P500 or US30 depending on the day (whichever looks good to trade) and will be sharing my trading ideas - before NY market can open. I hope traders can learn how to analyse using Supply & Demand along with price action from what I post here regularly.

 

[aberz]

Trading idea for the day - 23/01/2023

 

[themickey]

Trading idea for the day - 23/01/2023

Your support, resistance, key levels, profit take levels etc, how are you determining these, with math or algos or manually or some other method?

 

[SunTrader]

Buy here is wide boxed area, why would OP think that is helpful?. And price numbers are washed-out grey looking blur!!!

 

[aberz]

Your support, resistance, key levels, profit take levels etc, how are you determining these, with math or algos or manually or some other method?

I use levels that are supply & demand zones (small candle before a big move, volume candle) and use price action (momentum, market structure, liquidity available etc.) to determine a good key level each day to either buy or sell. Today my bias is to buy - from that marked zone - which was respected before (wicks).

 

[murray t turtle]

Buy here is wide boxed area, why would OP think that is helpful?. And price numbers are washed-out grey looking blur!!!

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HARD to read some else's charts\ especially if they do like WSJ charts+ use black + grey.
barchart has SPY =40%buy which is a 60% sell; but noted SPY 200dma is a buy.
Most of 2023 has SPY closed under200dma.
But looks like V-Pres Alan Blinder seems to see very well/ he noted ''Happy New Year, '' in JAN WSJ.
Put another way, SH [short SPY ]looked better in 2022 than 2023, so cut that small loss.
Good uptrend in MSFT exit/above 50 dma, before earnings date this week.

 

[aberz]

 

[murray t turtle]

%%
As of noon SPY is above 200dma\
SH+ qqq is below 200 day moving average.
QQQ/ up for the week.[WED,,1/25/2023]