$SPX Analysis, Key Levels & Targets for Day Traders for Feb 10

Feb 10

Alright, so 35EMA is right at the 30min 200MA. This is a critical level and in SPX we’re bearish already and looking for a follow through.

Expected move today 5970-6080

5 Day moving average underneath us and 1hr 200MA in range as well.

Downtrend above everything - and a red signal line.
I’m looking for a close near the 50DMA.

Feb 12

Note

Fun to replay and see that the second day contract from here also closed within the implied move. choppy along the 30min 200MA and the 35EMA has also been dancing around in - which is a sign of uncertainty at this level.
Volume has been incredibly low which is a bearish but it doesn't always play out until news so maybe with inflation data we will see a directional break.

Feb 12

Trade closed: target reached

Fun to replay and see that the second day contract from here also closed within the implied move. choppy along the 30min 200MA and the 35EMA has also been dancing around in - which is a sign of uncertainty at this level.
Volume has been incredibly low which is a bearish but it doesn't always play out until news so maybe with inflation data we will see a directional break.