Some key areas to watch today on $SPY. If it happens to break the $549 level and hold under, I think we will see much more downside here. $555 was key support before but now has turned into resistance. If we end up break past this level once again, we could see $560 fairly quickly, I’m leaning more on the short side, but we know how the market goes, sometimes the things that make the most sense don’t happen. Try not to get caught in choppiness between these ranges, it could tighten up a bit. Let’s kill it today guys!

I am really getting beat up on late entries. I have been trying to wait on the signal candle to close on 2 or 3 minute TF before I enter. I have good levels identified/drawn on the chart so not trading close to price moving close to these. It seems this week as soon as I get into some profit it starts chopping and I close out. Anyone want to share any productive strategies? I sometimes think I am using too many items on the indicator and looking at a very confusing chart.

SPY - Jobless Claims 1.864M Vs 1.88M Expected, 1.875M Prior US Initial Jobless Claims 227K vs 236K Est. Retail sales up as well in July. Could see another bullish day here, still has quite a bit of room to run up to the next semi strong resistance zone around $555. Possible short term resistance around $550-$551 so just be careful around those areas. This market is unhinged 😂 we know how quickly things can turn around so stay vigilant. If market can get a push at open, expect to see $550+ today, possibly much more if it can break through $551. Let’s kill it today guys. ✅

I've been paying attention to @Andy Pavlatos and I actually caught these divergences as they happened today. I traded the first one and was done for the day, but watched the second one unfold as well.

I want to share examples of Hidden Divergences (Trend Following patterns) These divergences are great for beginners to learn, because you trade with trend, which is a good habit to have. As you see through my examples, it doesn't matter what instrument you trade, you can find them everywhere. DM with questions.