Max Capital

My public $SPY trading journal

[Max Capital @MaximizeCapital]

@DaRZA001 @IBZNU @kevinxu @CanRevAgency You must not be a profitable trader if you think the CRA isn’t going to notice and tax your day trading gains in your TFSA 😂

[Max Capital @MaximizeCapital]

@DaRZA001 @IBZNU @kevinxu Yes @CanRevAgency, this man right here

[Max Capital @MaximizeCapital]

$SPY Game Plan | Aug 3

Futures have gapped higher again.

749.5 is the next target if we continue running up.

Holding above keeps 751.9 in view, with 754.1 beyond that.

If the gap fades, 747.8 is the first support, then 745.4.

[Max Capital @MaximizeCapital]

@fintergirl

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 31

I posted that I was going on holiday and SPY dumped shortly after.

Then I posted the game plan from holiday, and SPY cleared every level from 735.3 through 741.8 before reaching 744.25. It is now near 745 overnight.

For tomorrow, holding above 745 keeps 747.7 in view, with 751.9 above that. If 745 does not hold, 742.6 is the first area below, then 739.2.

After yesterday’s recovery, I’m not chasing the overnight move. Watching how 745 trades once the regular session gets going.

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 30

The overnight move reset the board.

SPY bounced from the 726.6 - 727.0 area, but the larger structure remains damaged beneath 735.3 – 736.2.

Above 736.2, the next reactions sit near 739.1 – 739.3, 740.2 and 741.8. A sustained move through 741.8 brings 745.0 back into view.

Below 731.8, I’m watching 731.2, then 728.7 and 726.6 – 727.0. If that final zone gives way, 725.6 is next.

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 27

Friday’s 737.60 support held through several tests.

For Monday, 737.49 becomes the main support.

Above it keeps 739.87, 741.45, then 744.63 in view. If price gets back above 744.63, the next areas are 747.31 and 748.70.

Below 737.49 brings 735.20, 733.91, then 732.43 into view. Deeper support sits around 730.94–730.05.

NOTE: I'll be on holiday until September 1 after a strong year so far. I’ll still try to post the daily plan when I can (for the seven people quietly reading these lol).

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 24

Thursday pushed beyond the last public ladder.

Above 738.50 puts 741.17, then 744.35 in view.

Below 737.60: 735.02, then 733.64–732.94. Deeper support sits at 730.76–729.67.

Not forcing anything after a move like that. Watching the next reaction.

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 22

Tuesday finished near 748.41, just under 748.43.

Above 748.43 puts 750.02 then 751.21 in view. Above that, 754.78 and the 756.36 – 756.46 range top.

Below 747.04, support sits at 744.36, then 742.98 and 741.09.

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 21

Monday closed in the 741.83–740.84 area.

Back above 742.53 puts 743.91 in view, then 746.69. Above that, 750.95 is the larger level.

Below 740.64, next support sits near 739.45, then 737.47.

Not forcing anything around the open.

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 20

Premarket near 746.25. The first area overhead is 746.89–747.39.

If price gets above that zone and holds, 750.95 comes into view, followed by 754.52.

Below, 744.01 is first support. If buyers do not step in there, 741.83–740.84 is the bigger area, with 739.45 underneath.

[Max Capital @MaximizeCapital]

$SPY Morning Update | July 17

Price bounced off our 741.41 level provided yesterday and testing 746.46.

If you caught that bounce, make sure to lock in some profits at this level and leave a runner.

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 17

The late sell changed the starting point, so 750.62 is the first pivot overhead.

If price gets back above it, 752.51 and 754.19 come into view. Through 754.19, 756.97 is next, followed by 758.65 if the range finally expands.

Underneath, 748.64 is first support, with 746.46 the bigger area. If buyers do not step in there, the next major level is 741.41.

Still treating this as a range and not forcing anything in the middle.

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 16

The range is still tight, so I’m not forcing anything in the middle.

754.14 remains the first key area around the range high.

A clean move through it puts 756.91 in view, followed by 758.59. 762.46 sits beyond that if the range finally expands.

Underneath, 752.45 is first support, with 750.07 the key pivot inside the range.

If buyers do not step in there, 748.59 and 746.41 are next. The 745.42–745.61 support zone sits just below.

Still a range until price proves otherwise.

[Max Capital @MaximizeCapital]

$SPY Update | July 15

Bouncing off our 750.18 - 749.88 support zone and approaching 752.55.

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 15

SPY finished near the upper half of the range, with 753.94 still the first key area overhead.

If price gets through it, 756.81 is next. 760.08 sits beyond that if the range finally expands.

Underneath, 752.55 is the first nearby area, followed by the 750.18–749.88 support zone.

If buyers do not step in there, 747.60 and 746.21 are next. 744.03 remains the larger support.

Still a range until price proves otherwise.

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 14

Monday’s first support did not hold.

SPY moved through 752.43–752.53, reached 748.14–748.17, then briefly extended beneath it to 747.60.

The first key area overhead tomorrow is 750.07.

If SPY gets back above it, 751.26, 752.45 and 753.83 are the next areas. 756.61 sits beyond if the recent range finally expands.

Underneath, 748.29–747.49 is the first support zone.

If buyers do not step in there, 746.11 and 743.93 are next. 741.16 remains the larger range support.

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 13

Friday pushed through the old upper shelf, but one session above it does not make the next leg automatic.

The first key area underneath is 752.43–752.53.

If that area holds, Friday’s high sits around 755.50–755.67. Above there, 756.79 and 759.56 are the bigger upside areas, with 762.23 beyond.

If SPY loses 752.43–752.53, the next meaningful support is 748.14–748.17.

Below that, 746.19 and 745 are next. 741.14 remains the larger range floor.

Price is near the top of the recent range, so there is no reason to force a trade.

[Max Capital @MaximizeCapital]

$SPY Game Plan | July 10

The 745.97 key area from yesterday’s plan held.

SPY took back 747.36, worked through 749.14, then pushed toward 752.31.

So the range is still doing range things, but buyers did their job after the flush.

For tomorrow, the key area above is 752.29.

If SPY gets above that and holds, 753.68 is next.

Above that, 754.67 and 756.45 are the bigger upside areas.

If SPY cools off, 749.12 is the first nearby level underneath.

Below that, 748.13 is the bigger support.

If 748.13 gives way, 745.95 becomes the main pivot again.

Below that, 743.97 is next, then 740.90.

Still not calling it a clean breakout until price actually gets through the upper shelf.