SPY WEEK 11/18/24

Updated
SPY WEEK 11/18/24

Trying to keep this as simple as possible.

Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the YELLOW ranges.

Price may exceed YELLOW range targets, but it’s at least a strong help to make profit 🎯🫡.

*LEVELS ARE NOT RANDOM OR BASED OFF EMOTION OR PERSONAL BIAS. BACKTESTED WITH THOROUGH RESEARCH WITH OVER 90% ACCURACY....HENCE WHY MOVE WILL MOST LIKELY BE GREATER THAN ESTIMATED.*
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To maintain simplicity, once the price moves beyond the WHITE range, monitor for a potential retest of the breached level.

Be prepared to initiate long or short positions targeting the YELLOW ranges.While prices may surpass the YELLOW range targets, these levels provide a robust framework for securing profits. 🎯🫡

*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
Note
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Trade closed: target reached
Beyond Technical AnalysisSupply and DemandSupport and Resistance

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