HAPISPRDAILY

Support, Pivot & Resistance

HAPISPRDaily

Purpose: Defines key monthly support, pivot, and resistance levels to identify short-term directional bias and breakout zones in stock index futures trading.

Description:

• Developed by Fari Hamzei, HAPISPRDAILY plots Daily SPR levels using day session data, rooted in CME and CBOE floor trading methodologies.
• Green line represents support, yellow line marks the pivot (neutral zone), and red line indicates resistance, guiding traders on potential breakouts or reversals.
• Recommended for intraday timeframes (e.g., 5 to 15 minute charts) to align with intra day periods, offering a strategic view of price targets.
• Example: Staying above the aggressive pivot at 5583 signals a bullish continuation toward resistance at 59710.5 or higher.

NinjaTrader Use:

• Displayed as horizontal lines on a NinjaTrader chart—green for support, yellow for pivot, and red for resistance.
• Bar interval should be a fraction of the period (e.g., 5-minute bars for Daily SPR).
• Integrates with RadarScreen to scan for price approaching or breaking SPR levels across instruments.
• No user inputs required; automatically calculated using day session data.

Practical Example:

• In our chart example for ES futures, HAPISPRDAILY shows the aggressive pivot at 5583 to 5590 as current support utilizing the April 30, 2025 to May 2, 2025 time period.
• Price is expected to range trade between 5583 and 5710.5
• We have deep support at 5550 to 5518.5.
• Resistance comes in at 5710.5.