SPDR S&P 500 (SPY)

[Ferda]

Nice looking forward to it. There are cool open source tradingview scripts that will manually calculate and draw the camarilla lines for a given ticker if you want. Im just doing SPY at this point so its only a few minutes to manually update each night.. plus I get more feels when rolling around in the updated levels and seeing how they move after the days action.


Yea I am finding the reversal scenarios only work once in the day.. hence my small put reversal signal not working out well. My mistake was applying the opening price scenario reversal to the SECOND reversal.. at that point i think the textbook don't help. What I should focus on more next time is not that it reversed below R4 but that it crossed R4 after the first reversal and that the likely next stop is R5 or R6 before any major pullback.. guess what R5 was on Friday... 329.60!!! Only 2 points off the 329.58 high!!