07/24 SPY ATR Levels and Range

SPY ATR 4.81 this has maintained this area and average for the last week.
Fear and Greed indicator is at 54, a little higher than the neutral that we ended the week on last week.

Still a lot of uncertainty in the world, foreign administration speaking today.
9:45 we got a couple market moving reports, Positive Impact (PMI > 50): Negative Impact (PMI < 50) for the past few months weve been over the 50s.

We need to hold the 548 level for sure for a bounce of any kind.
If we can't hold that, then we move to 547.90/546.90 area as low as 545.15 zone

If we can defend 548 area than we move back through the 548 area with a lot of sideways action in that range zone and wrestle with the mid 550/551/20 area.

nothing is set in stone, and anything can happen. These are just using previous areas we have visited in the past since we are well below all-time highs.