SPY 15m | Discount Bounce Targets Gap Fill Into Supply, 754.60 to 755.38
𝗧𝗵𝗲𝘀𝗶𝘀
SPY defended the discount shelf at 748.78 to 749.25 inside the demand block, printed CHoCH near 750.40, and reclaimed the opening range high at 751.50 plus the daily 20 MA at 751.27 and the 0.618 at 751.30. Momentum now targets the open gap at 754.57 to 755.22, which stacks with the 1.236 and 1.382 extensions and a tagged weak high. Liquidity above that high is the magnet.
𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲
Fib anchored 748.78 low to 753.34 high. Price holds above the 0.702 at 751.75. Immediate friction at the 0.886, 752.73, then the 753.34 swing. Above 753.34 structure is thin into the gap.
𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻
Preferred entry on a retest of 751.50 to 751.75. Stop under 750.89. Targets 753.34, 754.60, 755.22. First touch of the gap fill zone gets scaled, not chased. That zone is premium supply. It stays a take profit area until a 15 minute close above 755.38 on expanding volume proves otherwise.
𝗥𝗶𝘀𝗸
Bounce volume is contracting, 40K on the latest bar. This reads as covering plus passive fill, not initiative demand. A lower high under 753.34 flips structure toward distribution with 750.06 as the downside magnet. RSI 57.5 above its signal at 54.8 confirms, no divergence yet.
𝗜𝗻𝘃𝗮𝗹𝗶𝗱𝗮𝘁𝗶𝗼𝗻
15 minute close below 751.27 degrades the setup. Below 750.67 the gap fill thesis is dead.
WaverVanir International | Not financial advice.
𝗧𝗵𝗲𝘀𝗶𝘀
SPY defended the discount shelf at 748.78 to 749.25 inside the demand block, printed CHoCH near 750.40, and reclaimed the opening range high at 751.50 plus the daily 20 MA at 751.27 and the 0.618 at 751.30. Momentum now targets the open gap at 754.57 to 755.22, which stacks with the 1.236 and 1.382 extensions and a tagged weak high. Liquidity above that high is the magnet.
𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲
Fib anchored 748.78 low to 753.34 high. Price holds above the 0.702 at 751.75. Immediate friction at the 0.886, 752.73, then the 753.34 swing. Above 753.34 structure is thin into the gap.
𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻
Preferred entry on a retest of 751.50 to 751.75. Stop under 750.89. Targets 753.34, 754.60, 755.22. First touch of the gap fill zone gets scaled, not chased. That zone is premium supply. It stays a take profit area until a 15 minute close above 755.38 on expanding volume proves otherwise.
𝗥𝗶𝘀𝗸
Bounce volume is contracting, 40K on the latest bar. This reads as covering plus passive fill, not initiative demand. A lower high under 753.34 flips structure toward distribution with 750.06 as the downside magnet. RSI 57.5 above its signal at 54.8 confirms, no divergence yet.
𝗜𝗻𝘃𝗮𝗹𝗶𝗱𝗮𝘁𝗶𝗼𝗻
15 minute close below 751.27 degrades the setup. Below 750.67 the gap fill thesis is dead.
WaverVanir International | Not financial advice.
Trade ativo
I think it's moving up!Trade fechado: objetivo atingido
WaverVanir ⚖ Process over prediction.
🌐 wavervanir.com
📊 stocktwits.com/Pravo_Koirala
✈ t.me/wavervanir
💼 linkedin.com/in/prabhawa
🐙 github.com/pravo123
🎬 youtu.be/-Sedov3GUrU?si=-AYAsAGhWLbXvcK_
🌐 wavervanir.com
📊 stocktwits.com/Pravo_Koirala
✈ t.me/wavervanir
💼 linkedin.com/in/prabhawa
🐙 github.com/pravo123
🎬 youtu.be/-Sedov3GUrU?si=-AYAsAGhWLbXvcK_
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
WaverVanir ⚖ Process over prediction.
🌐 wavervanir.com
📊 stocktwits.com/Pravo_Koirala
✈ t.me/wavervanir
💼 linkedin.com/in/prabhawa
🐙 github.com/pravo123
🎬 youtu.be/-Sedov3GUrU?si=-AYAsAGhWLbXvcK_
🌐 wavervanir.com
📊 stocktwits.com/Pravo_Koirala
✈ t.me/wavervanir
💼 linkedin.com/in/prabhawa
🐙 github.com/pravo123
🎬 youtu.be/-Sedov3GUrU?si=-AYAsAGhWLbXvcK_
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.