This chart highlights a potential retracement zone before a major continuation leg to the upside, based on Fibonacci levels and price structure.
📊 Technical Breakdown
Current Price: $589.39
Recent High: $595.54 (Fibonacci 1.0)
Key Fibonacci Levels:
0.618 → $562.28 (First retracement target)
0.5 → $555.57
0.382 → $547.38
Critical Support: $552.15 (confluence with historical demand & fib zone)
Projected Target (1.382 Fib Extension): $629.02
🧠 Probabilistic Interpretation
🔻 Short-term pullback toward $552.15 = 60% probability based on multiple rejections from 0.886/1.0 Fib zones.
🔼 Continuation to $629.02 = 70% probability if price finds support at golden ratio (0.618) or 0.5 zone.
🧠 Structure favors smart money re-accumulation after engineered liquidity grab.
🌐 Macro Context (as of May 31, 2025)
Fed Watch: Market pricing in 70% chance of no rate cut in June. July data will be crucial.
VIX: Suppressed, but starting to rise—indicative of market hedging short-term volatility.
Earnings season: Mixed signals—AI sector outperforms while cyclicals lag.
🚨 Trade Plan for Professionals
Watch for price action near $555–552.
Enter long upon bullish engulfing or SMC confirmation at demand zone.
First TP: $595.50
Final TP: $628.80–$629.02
SL: Below $541.72 (Fib 0.382)
🧠 Final Note
This chart reflects a classic Fibonacci retracement & extension structure that institutional traders often monitor. Aligns with DSS and WaverVanir’s discretionary outlook.
#SPY #SMP500 #FibLevels #SmartMoney #LiquiditySweep #WaverVanir #TechnicalAnalysis #FibonacciTrading #TradingView
📊 Technical Breakdown
Current Price: $589.39
Recent High: $595.54 (Fibonacci 1.0)
Key Fibonacci Levels:
0.618 → $562.28 (First retracement target)
0.5 → $555.57
0.382 → $547.38
Critical Support: $552.15 (confluence with historical demand & fib zone)
Projected Target (1.382 Fib Extension): $629.02
🧠 Probabilistic Interpretation
🔻 Short-term pullback toward $552.15 = 60% probability based on multiple rejections from 0.886/1.0 Fib zones.
🔼 Continuation to $629.02 = 70% probability if price finds support at golden ratio (0.618) or 0.5 zone.
🧠 Structure favors smart money re-accumulation after engineered liquidity grab.
🌐 Macro Context (as of May 31, 2025)
Fed Watch: Market pricing in 70% chance of no rate cut in June. July data will be crucial.
VIX: Suppressed, but starting to rise—indicative of market hedging short-term volatility.
Earnings season: Mixed signals—AI sector outperforms while cyclicals lag.
🚨 Trade Plan for Professionals
Watch for price action near $555–552.
Enter long upon bullish engulfing or SMC confirmation at demand zone.
First TP: $595.50
Final TP: $628.80–$629.02
SL: Below $541.72 (Fib 0.382)
🧠 Final Note
This chart reflects a classic Fibonacci retracement & extension structure that institutional traders often monitor. Aligns with DSS and WaverVanir’s discretionary outlook.
#SPY #SMP500 #FibLevels #SmartMoney #LiquiditySweep #WaverVanir #TechnicalAnalysis #FibonacciTrading #TradingView
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。
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。