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- SPY levels 11/25/2022
SPY levels 11/25/2022
Good Morning Trader! I hope you all had a wonderful Thanksgiving. I personally ate too much. Today I will not be taking a single trade for a few reasons 1). 1/2 day - Most people take off 2). Friday after thanksgiving - most people take off 3). SPY is in a huge range - no interest going into weekend frustrated 4). Extended weekend is good because besides Christmas it is a massive spring till June. No burnout 5). It is no headache Friday
Quote of the day: “To lose patience is to lose the battle.” —Mahatma GandhiI want you to read that 5 times before you take a trade today.
SPY Levels for the day: Huge range as mentioned no real interest in anything unless some crazy news. 402.50 is going to be the spot for SPY - do not let that be your Achilles heal. It has been the spot last few days, trying to lure you into taking a trade. Wait for a setup on volume.
No interest zone: 399.78 - 403.70
Above Targets: Above 403.70 and next level I have is 404.55 and 405.20
Below Targets: Below 399.78 and the next levels I have are 398.84 and 398
As promised I will include other tickers:
AMZN Levels for the day: No Interest: 92.26 - 95.43Above Targets: Above 95.43 and the next level i have is 95.71 and 96.16 Below Targets: Below 92.26 and next level I have is 91.62 and 91.23