4H Chart (Short-Term View)
Trend: Ongoing bullish momentum with dominant green candles.
Key Breakout: Strong breakout above the $594–$596 resistance zone, which now acts as support.
Volume Profile (VPVR): A low-volume area between $595 and $610 suggests potential for a swift move higher.
Indicators: The Ichimoku Cloud shows rising support, with positive band compression.
Projection: As long as the price holds above $594, there is potential to test the $610–$615 area.
Daily Chart (Medium-Term View)
Fibonacci Levels: The 0.786 level was broken decisively, indicating strong bullish momentum.
Trend: Clearly bullish, supported by declining volume on pullbacks and steady upward movement.
Volume: Consistent increase in buying volume since April strengthens the bullish case.
Upcoming Resistance: $610–$615 (previous highs).
Weekly Chart (Long-Term View)
Recovery: A solid rebound from the March lows.
VPVR: The high-volume node between $455 and $475 has been left behind, now acting as a structural support.
Macro Trend: Price has returned to a previous consolidation area from the prior bull market.
Risks: While there is room for further upside, the $610 area could act as both technical and psychological resistance.
Key Levels
Immediate Resistance: $610–$615
Technical Support: $594–$596
Structural Support: $560 (significant volume cluster)
Conclusion
SPY maintains a strong bullish structure across all timeframes, with sustained upward momentum and room to challenge previous highs. The reaction around the $610 zone will be critical. As long as price holds above $594, the structure remains favorable for buyers. However, given the lack of historical volume in this price range, short-term volatility or pullbacks are possible.
Disclaimer:
This analysis is intended for informational and educational purposes only. It does not constitute financial advice or an investment recommendation. Always assess your own risk profile and consult a licensed professional before making investment decisions.
Trend: Ongoing bullish momentum with dominant green candles.
Key Breakout: Strong breakout above the $594–$596 resistance zone, which now acts as support.
Volume Profile (VPVR): A low-volume area between $595 and $610 suggests potential for a swift move higher.
Indicators: The Ichimoku Cloud shows rising support, with positive band compression.
Projection: As long as the price holds above $594, there is potential to test the $610–$615 area.
Daily Chart (Medium-Term View)
Fibonacci Levels: The 0.786 level was broken decisively, indicating strong bullish momentum.
Trend: Clearly bullish, supported by declining volume on pullbacks and steady upward movement.
Volume: Consistent increase in buying volume since April strengthens the bullish case.
Upcoming Resistance: $610–$615 (previous highs).
Weekly Chart (Long-Term View)
Recovery: A solid rebound from the March lows.
VPVR: The high-volume node between $455 and $475 has been left behind, now acting as a structural support.
Macro Trend: Price has returned to a previous consolidation area from the prior bull market.
Risks: While there is room for further upside, the $610 area could act as both technical and psychological resistance.
Key Levels
Immediate Resistance: $610–$615
Technical Support: $594–$596
Structural Support: $560 (significant volume cluster)
Conclusion
SPY maintains a strong bullish structure across all timeframes, with sustained upward momentum and room to challenge previous highs. The reaction around the $610 zone will be critical. As long as price holds above $594, the structure remains favorable for buyers. However, given the lack of historical volume in this price range, short-term volatility or pullbacks are possible.
Disclaimer:
This analysis is intended for informational and educational purposes only. It does not constitute financial advice or an investment recommendation. Always assess your own risk profile and consult a licensed professional before making investment decisions.
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Join my trading community on Discord! 📈 Use all our indicators for FREE
discord.gg/xPEDcNEupw
discord.gg/xPEDcNEupw
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。