SPY Will Go UP! Buy! Hello,Traders! SPY is trading in an Uptrend along the rising Narrowing wedge pattern So we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals113
Cannabis entering a bull market?After previously breaking out of a down trend and through the 200 day ema, the sector took a dive and formed a double bottom. The double bottom, the retesting of the resistance level, the support of the 200day ema, and the recent high volume order blocks near current level makes me think we are setting up for a bullish break out. The fib retracement shows that the next major resistance level would be at $9. Throwing some fun money at it to have some fun with more portfolio as the cannabis sector can be quite volatile. Longby Brotank771
Inverted H&SLooks Like an Inverted HS pattern is forming on the 30min. Looking for it to reach $522 plus. What are your thoughts?Longby empire4653334
RSP is now in wave 5 as stated it should The chart posted is the RSP index for the SP 500 equal weight index . last week I said it needed to rally still in a 5th up. I am waiting for confirmation of the End of the 5th .It is a 5 wave rally as I said at the oct low major short squeeze . I do see this as the end of wave B just above the 2022 top . This is the bearish wave count.. The Alt would then see this rally to end on april 2nd for the end of a bigger wave 3 top all wave counts show a very deep and sharp break is now just ahead NEXT DATE is MAY 2could we see a sharp drop into april 10/12 and then rally ??? will we see sell in may and go away ?? . Best of Trades WAVETIMER by wavetimer1
XBI Bottoming: Target 103/104 by April 2024XBI appears to be indicating signs of bottoming out, with a potential target range of 103/104 by the end of April 2024, provided that the 92/95 range holds as support.Longby Quantific-Solutions0
SPY shortBounce off golden pocket retest prior support turned resistance head for yesterday lowShortby devanhelmick110
The 46/49 range may present an improved risk-reward opportunityThe current pattern in the ARKK ETF suggests a possible upward movement towards the 60/70 range by June 2024. However, if the stock shows weakness and falls into the 46 to 49 range, it may present a more balanced risk and reward scenario.Longby Quantific-Solutions0
Spy Green - Follow so I can get reputation for chat contributionFollow/comment to get reputation so I can contribute in chat. After the move up last week from FOMC, we were due for a retracement. The green levels below are FVGs (Fair Value Gaps) that were within different time candles that overlapped. This also shows a bullish flag pattern (typically don't use that but it can help with describing the type of consolidation). The news about the economy since last week was still overall positive in regards to stock values dropping. The only FVG is the red near the top which also is at the location of a 85% retracement so we can scalp that for 10%. But look for a FVG created on the way up. That should be a good place to buy for continuation. Targets in the future: $525 and $555 (roughly)Longby bkrueger020Updated 3
Don't Short YetYesterday offered a retest after a break of all time highs. As long as we hold this level, hold off on shorts. I'm looking to grab SPX 4250C for Friday. I'll take an early entry and lock in a fast 40%. Nice Play. Nice Day. Longby kingjtimothy779
$SPY March 27, 2024AMEX:SPY March 27, 2024 60 minutes. As expected 518 has arrived. Long is only above 524.5 levels. For the rise from 508.6 to 524.11 AMEX:SPY has retraced 38.2%. At the moment it is below 9 and 21 averages. Exactly sitting at 50 averages too. Since 100 and 200 averages are sloping upwards I expect strong support around 515-516 levels which is 100 average level and also 61.8% retracement for the fall. Shortby RiderTrader886
SPY D(own) sense is tinglingRSquared basis Late October and early January now around .95. This degree of complacency would likely be followed by a correction, possibly severe. The rsquared .935 basis the March 2009 low also potentially troubling.Shortby MAgicTrx112
Ending Wedge Price has been consolidating in a wedge pattern. Upper trend line is possible neck line of inverse head and shoulders pattern. The fear about China seems to conincide with bottom. by ThnacksUpdated 4
Soybeans will take off with inflationI see a sharp ramp up in commodities after Powell's presser on Friday when the inflation metrics come out and he sends a Dovish message (not hawkish enough). The dollar will end up turning back up this summer so I see this upward trend momentarily until after the FED goes in with CBDC's and then commodities will take off. At that point I doubt stocks will exist so I would just caution you to buy freeze-dried food and some precious metals because a Global Depression is coming.Longby EmptyEternity1
$SPY BULL FLAG OR BULL SH!TFound a repeating pattern starting to form. 2/21 bull flag to full form on 2/29 and bounced off the $504.50 support and continued to run for a couple weeks. A few key things to look out for to confirm a buy for me: - PA hits $519.50 and holds - Wait for squeeze meter bar to engage (Black plus sign) - Holds trend line Just a reminder, we are hitting ATH on AMEX:SPY weeks in a row and could be a medium to high risk play depending on the value on your options that you buy. IF my checklist hits the I am looking for at least 2 weeks EXP.Longby The_SPY_Who_Shagged_MeUpdated 339
✅SPY WILL KEEP GROWING|LONG🚀 ✅SPY is trading in a narrowing Wedge pattern in a strong uptrend So I am bullish biased and I think That we will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx111