SPY Analysis, Key Levels & Targets for Day Traders for Feb 7 2025Alright, y’all, ATH’s are back in the trading range today.
We have a downtrend line off of ATH’s midway through the range and then ATH’s, and 6135 as the top of the implied move for the day.
Underneath we have the 35EMA -which we bounced on yesterday - and the 30min 200 for support.
Under all of that we have the 50 Day Moving average.
Easy Trading range today.
Bullish moving averages but they are close together and that means that could change.
My position - Delta Neutral Iron SPYDER 6024-6110 pays and I will hedge if either side gets challenged.
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