Hey! I’m @yourboymilt, and welcome to the Daily Newsletter! I should probably let you know...This is not financial advice!
Pt. 1 Price Action breakdown: A video breakdown Pt.2: SPY Levels and Analysis : Tutorials, Levels, Charts Pt. 3: Flow Plays and Analysis, YOLOs
Pt. 1: SPY Price Action Review
Reminder from last night’s read:
They’re going for the backtest of that 509 area that never was checked on after the drop. Watch for 508.96 resistance.
🕵️ Pt. 2: SPY Levels and Analysis
🕵️ SPY Levels
Upside: 506.4, 506.96, 508.56, 509.11, 510.45, 511.15, 511.7, 512.75
Downside: 506.3, 505.36, 503.38, 503.22, 501.95, 500.13, 497.04
🕵️ SPY Chart
Here is a visual of what’s happening—the breakout will go for that level because it’s essentially a gap that’s just represented by a long candle