🔷 1. Daily Chart Overview (Long-Term Context)

• Current Daily Signal: Buy, issued on June 2, 2025, with a return of +5.88% so far.
• Price Trend:
• SPY continues its strong uptrend, with price at 627.58, approaching prior highs.
• The yellow signal line (your strategy equity curve or trend line) is rising steadily.
• MACD (Quantitative MACD):
• Histogram is positive, white line above yellow signal line, indicating momentum remains bullish.
• RSI (Quantitative RSI):
• RSI remains elevated but not extreme, suggesting no immediate overbought risk, supporting trend continuation.

🔷 2. Hourly Chart Overview (Short-Term Context)

• Current Hourly Signal: Long.
• Recent Signals:
• Frequent recent Long and Close signals, indicating active buy conditions within the broader uptrend.
• MACD:
• Histogram turning slightly positive after recent weakness.
• White MACD line crossing above yellow signal line from sub-zero, suggesting momentum recovery.
• RSI:
• RSI is stabilizing at mid-levels, with histogram moving back towards yellow, indicating possible upside continuation but not yet strongly bullish.

🔷 3. Integrated Signal Analysis

• Timeframe Signal Implication Daily Buy Uptrend remains intact. Holding long positions is favourable unless reversal triggers emerge. Hourly Long Short-term buy signal supports continued intraday or swing upside early next week. Overall: Alignment between daily and hourly charts supports bullish bias for July 21–25.
• Risk Note: Hourly MACD is only just recovering, so early-week consolidation is possible before a stronger upside push resumes.

🔷 4. Key Price Levels

• Daily Resistance Zone: ~634–638 (previous high extension zone).
• Daily Support Zones:
• First: ~608–612 (minor pullback area).
• Major: ~557 (yellow trend line support).

🔷 5. Macro Context (Week of July 21)

• US Earnings Season Continues:
• Major tech companies like Microsoft, Google, and Tesla are reporting this week, which can cause SPY volatility.
• Federal Reserve Outlook:
• Market expects rates to remain on hold, but any surprise hawkish comments could trigger profit-taking.
• Geopolitical Factors:
• No immediate major risks, but oil price volatility due to Middle East tensions could influence inflation expectations and market sentiment.
• Economic Data Releases:
• Key: US PMI (Tuesday), jobless claims (Thursday), and durable goods orders (Friday). Positive data would further fuel the bullish trend.

🔷 6. Strategy Recommendations

✅ If Holding Long (Swing/Position):

• Maintain position while daily Buy remains active.
• Watch for hourly MACD rejection or reversal as a short-term caution signal.

✅ For Short-Term Traders (Intraday/Swing):

• Use hourly Long confirmation for Monday entry, with stop below recent hourly support (~620–623).
• Target: Re-test of daily resistance at 634–638.

❌ Avoid initiating Shorts while both timeframes are Long unless hourly chart turns sharply negative against a clear resistance rejection.

⚠️ 7. Risk Management

• Tighten stops if SPY fails to hold hourly support zones.
• Expect moderate volatility due to earnings and macro data.

⚠️ Risk Disclaimer

The above trading plan is for educational and informational purposes only and does not constitute any financial or investment advice. Investing and trading involve risks, including the risk of loss of principal. Past performance is not indicative of future results. You are responsible for your own investment decisions. Please consult a qualified financial advisor before making any investment or trading decisions.