SPY Analysis Across Multiple Timeframes | August

13 авг.

Like we have seen from the video above lets have some talks on these timeframes and see whar the analysis says.

Weekly Timeframe:
SPY is currently hovering around 533.27, which is near the top of its long-term uptrend. We’ve seen a slight pullback from the recent highs, which isn’t surprising given how strong the rally has been. If the pullback deepens, keep an eye on 523.97 as the first line of support. Should the price drop further, 514.09 could come into play as a stronger support. On the upside, breaking through 547.04 would signal the continuation of the bullish trend.

Daily Timeframe:
On the daily chart, SPY has pulled back to around 504.45 after a solid run-up. The recent bounce suggests that buyers are stepping in, but the next challenge lies at 515.13. If SPY can clear that hurdle, it might aim for the 524.99 area. However, if the pullback resumes, 503.45 is the first support level to watch. A break below that could see SPY testing 493.41.

30-Minute Timeframe:
Zooming into the 30-minute chart, SPY is in a bit of a holding pattern around 543.41. This sideways action indicates that the market is catching its breath after recent volatility. If SPY can break above 546.64, we might see a short-term rally toward the 550 level, which also happens to be a psychological barrier. On the flip side, if the consolidation breaks down, watch for support around 544.88 and 538.97.

Now what?
Again, note that SPY is at a critical juncture across all timeframes. Whether you're trading intraday or looking at the bigger picture, these levels are key to watch. We’re seeing some consolidation right now, but whichever direction SPY breaks, it could lead to a significant move. Stay nimble and watch those levels closely!