SPY - Still shortEven though the Stochastic says good time to buy, smart money knows the dumping has only started. AMEX:SPY is still below the 20DMA, in the lower Bollinger band. Shortby SPY_Trader1
$SPY dead cat bounce into head n shoulder top predictionThis is my prediction. Bounce here should've been expected as GAP UP is support... If we dont make it past the right shoulder, HEAVY PUTS... This feel's like a dead cat bounce and will create a well know top pattern. Paytience - Prof Plan is to juice on puts, when panic hits, buy the BAT. Shortby Prophecies_R_UsUpdated 113
$HYG will get a boost this summer when rates are cut due to BOJI see the BOJ dumping treasuries this summer, which'll force down the USDJPY pair, and increase inflation here at home. When rates go down, borrowing money is easier, especially for junk corporations avoiding default due to decades high interest rates. Could AMEX:HYG fall back into the box one last time? Absolutely, if the dollar ticks higher after FED hawkishness. But then, AMEX:HYG will catapult. When HYG is ready I'll give out some options plays to capitalize on the bullish trend.Longby EmptyEternity0
SMH heads up at $209.43: Golden Genesis fib may Break-n-RetestSMH just hit a Golden Genesis fib at $209.43. That fib is reinforced by a Covid Stimulus fib. This is a major landmark in this ETF's history. $ 209.43 - 212.89 is the immediate resistance. $ 236.36 - 238.96 is the next major resistance. $ 191.21 - 191.90 below is the first good support. It is PROBABLE that we orbit this zone for a while. It is POSSIBLE that we break and retest for late buy. It is PLAUSIBLE that we get a pullback here and now. Here is a full view of the Genesis Sequence: ==========================================================================================by EuroMotifUpdated 8
I am long calls SPY and now TLT The chart posted is that of the DIA as I have said this chart is and has been very clear in regards to the Pattern forming . In march at the spring Equinox on the 21 we peaked above the bb bands on the monthly and also peaked just under the super cycle channel into the fib projections 39580 to 40480 right in the middle 39880 . So we have a cycle turn that goes back to oct 13 low 2022 this is due may 8 plus or minus 2.2 days . I do NOT see us breaking this channel posted NOT YET .I have posted the pattern to which I see us following .We have had two equal legs up to the tick in the spx 500 cash But the dji has formed something different . I did try to short the other day into 5120 but covered with a minor loss .35 of 1 pct and did go Long calls from 5080 25 % and had to 40 % at 5065 and then to 50 % at 5060 as the math had a target 5059 that held and then broke rather sharp and accelerated at that point sharp .I maintain my 50 % long calls and see the DECLINE still forming a wave abc for WAVE B low we should have a sharp rally in wave C up to 5146. if we break above 5146 we should see a alt min 5196 after this we would see a retest of 5264 and most likely print the final top 5330 . the 5262 peak was a perfect relationship to the 2000 peak and on the GANN day march 21 . Best of trades WAVETIMER by wavetimer3
SPY Scalping Zones 5/1 Stay Safe Today!!Upside Targets: * 502.62/503.48/504.75 Downside Targets: *500.85/500.14/498.67 Daily Trend Tracker - *SPY- DXY+ VIX+ US10Y+ by QuantumEdgeAnalytics0
IWM Bear FlagSmall cap tickers look about to drop further with this bear flag on the daily. by RocknStockChik0
MSO Looking to break outPredicted this a month ago and have been buying this tickers up. News came out yesterday and the chart told the story earlier. by RocknStockChik0
SPY Bear flagSpy has a bear flag forming on the daily. The next couple of days will be telling. by RocknStockChik0
SPY gave us a solid sell. Is it still bearish?Last time we looked at SPY (April 11, see chart below), we got what we wanted, a break below the 1D MA50 (blue trend-line) that met our exact bearish expectation which was a -5.93% decline, absolutely symmetrical with August 18 2023: As the subsequent rebound got rejected on the 1D MA50 (blue trend-line on the chart above), the question is the following: Is SPY still bearish? Technically, yes as long as it closes weekly (1W) candles below the 1D MA50. But at the same time, being supported on the 1D MA100 (green trend-line on the chart above), keeps short term neutral/ ranged thus the expectations for a bullish break-out live. But it has to close above the 1D MA50 to confirm that. As you can see, a comparison with recovery patterns following systemic Cycle corrections like the one in 2022, offers valuable conclusions. Basically, since the 2009 bottom of the U.S. Housing Crisis, the three major corrections of the current Cycle, have followed similar patterns (2011 - 2013, 2015 - 2017 and 2022 - 2024). The key common characteristic is that the 1W MA50 (red trend-line) has been the major Support. After two pull-backs that hit the 1W MA50 straight after the correction's bottom, both the 2011 - 2013 and 2015 - 2017 fractals made a smaller pull-back (green Rectangle) that hit the 1D MA100. It appears that this is where the index is currently at. If this correlation continues to hold and the index won't dive further to the 1W MA50, it might hit the 2.0 Fibonacci extension as its first Target, which is what the other two fractals aimed at. That is at 555.00. Notice also the similarities between the 1W RSI patterns. ------------------------------------------------------------------------------- ** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ ๐ ๐ ๐ ๐ ๐ ๐by TradingShot1114
KRE trade ideaThe min target is $22.25 for the H&S top (grey lines). The red trendline is a great level to place a stop loss. This trade if it works out has great risk/reward potential. Not investing advice. All your trades are at your own risk as nothing is guaranteed with any analysis.Shortby WavesPatternsCandlesIndicators0
NASDAQ breaking below YTD supportUS stocks, led by mega cap tech companies and the NASDAQ writ large, started 2024 on a hot streak. But as momentum slowed, an arc pattern supporting the market became clear, only to be decisively broken. Analysis of key support and resistance levels provides price targets for the coming weeks.Shortby BarryStocksUpdated 141419
SPX/VTI bear flagSPX, VTI forming a barish flag pattern in the 15m timeframe. The chart above is in 4h, to provide the fib view also. You can clearly see a bearish flag in the 15m TF, try it yourself. Target: 234-236 (-5.5%)Shortby fumiyaorg1
$SPY 4hr MACD Cross and Trend rejectionAMEX:SPY 4hr chart. A deeper look into previous posts. by Delli220
$SPY trend rejection/EMA cross/MACD rejectionNot looking great as we head into #FED and NASDAQ:AAPL earnings to close out this week. The weekly 21 EMA is 494ish. If 500 breaks then that would be next level of support to watch. Shortby Delli22330
If Treasury bonds short duration falls. If we break down here on bonds. Below the line (4,8189) can this be race for a new bull run for stocks? Shortby GreenBkk0
SPY correction continues & another earnings season begins SHORTSPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci retracement for this trend down could take it down to the 475 range or about another 10%. Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the SMA 100 ( green line) which is confluent with the Fibonacci retracement level. Deep support of the daily SMA200 ( red line) representing more than a 50% retracement is at the 450 zone. Megacap technology earnings upcoming may lead the way down or cause a consolidation for a reversal. April will likely be a big red month. April showers bring May flowers?Shortby AwesomeAvaniUpdated 558
$SPY May 1, 2024AMEX:SPY May 1, 2024 No comments. No trade day today. Nothing to write about. Went wrong. Back to drawing board. by RiderTrader113
SOXS Stock Chart Fibonacci Analysis 042924Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 36.6/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day. by fibonacci61803
QQQ Scalping Zones 5/1 - Stay Safe with my levels!!Upside Targets: * 423.62/424.53/426.41 Downside Targets: * 421.96/420.72/418.54 Daily Trend Tracker - *QQQ-Bearish *DXY-Bullish *VIX-Bullish - *US10Y-Bullishby QuantumEdgeAnalytics1
expanding range semiconductor market structurethe range has expanded wildly, and it looks like there is money to be made in a squeeze in semiconductors. ai stocks and tech stocks are high risk and prone to wild swings. i think the downswing has ended mostly considering these levels outlined in the value gap and smart money areas on the chart. im attempting to swing this long as the levels converge.Longby cerealmarketUpdated 4
Move the 401k to ChinaGrowth in China will buoy Global growth for at least the next year. Looking for an entry on the China trade is a smart move imo.by arama-nuggetrouble3
SPX vs VIXComparing SPX on the left with UVIX on the right. If UVIX double bottom can hold price above 8.37 and SPX can break below price of 4953.56, I find it highly probable that the top of equities is in. If UVIX at any point breaks below 8.37, then any breaks of SPX below 4953.56 would like be dip-buying opportunities. If UVIX breaks below 8.37, then it is also possible that SPX has already bottomed at 4953.56.by discobiscuit1