LONG Signal - SPY
Entry: $595.50
Stop Loss: $593.75 (-0.3%)
Target 1: $597.25 (+0.3%)
Target 2: $599.00 (+0.6%)
Confidence: ★★★★☆

Signal Analysis

The opening range (9:30-10:00 ET) established a range of $594.25 - $595.50. Price broke above the opening range high with above-average volume, triggering our ORB long signal.

Supporting Factors

  • VIX declining from open
  • QQQ showing relative strength
  • Positive pre-market futures
  • Dollar weakness supporting equities

Risk Management

This is a day trade signal. Position should be closed by market close regardless of profit/loss status.

Position Size: Based on 1% account risk

  • Stop distance: $1.75
  • Suggested shares: (Account Size * 0.01) / 1.75

Disclaimer: This is an automated signal for educational purposes. Always do your own research and manage risk appropriately.