This chart uses symmetric trajectories from the early distribution phases to estimate the path price will take to initiate markdown. Initial target = 506-508. If SPY finds resistance at 516 then the initial target could hit by the end of this week (5/10). If SPY breaks above 516 it should find resistance at 518-520, and then the initial target will be delayed -...
Bear flag showing here on spy and a few other indexes/ sector. This bear flag would be consider a handle for a inverted cup and handle. Smaller time frame looks like this spy And heres NQ We are headed back to bear flag support around 500.. from there we could either finish one more bounce higher 511-514 before finishing the leg down to 480 The bear...
New Thread we have a really big week with Jerome Powell Rate decision this week Wednesday! This is going to move the markets and determine our future outcome for sure Tuesday April 30th levels for SPY Bulls 515 and chances are this becomes your territory to go long possible outcome Bull Market Resumed Bears its a short anything under 511 Bears once 500 is...
AMEX:SPY May 13, 2024 15 Minutes. Had a gap up on Friday. I sold into strength. I had a view of 522 levels with bias down as oscillator divergence. We can see the divergence more prominent now. Also, if you see in daily the rise is steep and 9 averages is around 512 and 21 around 508 levels. And in one hour chart we have the 522.63 bar having close near low...
I am going slowly short. SPY should make another leg down this week. Level of interest is 475-470 Lets see what Wednesday will bring, until then we should stay flat. From the lows of 470, we shall do the usual election run. target 548? Ill be updating this idea.
Let's take a look where SPY will end up 2 weeks from now.
AMEX:SPY May 8 ,2024 15 Minutes. As expected, AMEX:SPY was in sideways. Forming a HH, HL pattern. For the last rise from 514.89 to 518.87 it retraced 61.8% yesterday around 516.5 levels. So, for the day I will buy above 518.6 and sell below 515.6 for a target 513.5 to 514. I expect a move only above 520 at the moment. Need to cross the 519-520...
Welcome to Spy weekly. I have discussed the levels and my expectation of the market. If you have any doubts feel free to msg me.
Last week I just did a longer timeframe update. I am going to continue with the larger timeframe as the focus but will also give the shorter timeframe levels for next week. You can see we've just chilled below the 3 month threshold for far too long. It's 504 on the horizon, that's for sure. We will likely snag a bit lower, because I didn't realize there was...
Tomorrow's Trading Range (5.9.24) and all of the levels going through it.
Hey everyone, Going into next week, it seems like we my start with selling first. Going into Monday probability is particularly bearish. Based on the assessment of the week it actually seems like we can expect dramatic moves in both directions, so if we head down first, I would expect the CPI catalyst to move us back up. Vice versa if we start bullish. Though,...
AMEX:SPY May 9,2024 15 Minutes. No trade day. Neither the sell below nor buy above was triggered. Uptrend looks like getting sorted out. AMEX:SPY has moved from 503 to 518 levels. And yesterday gap down open after 3 days of gap up did not hold. The first in 15 minutes gap down had close near top of bar and never broke the low during the day. We have 100...
AMEX:SPY May 10, 2024 15 Minutes. Holding 516, (yesterday low was 516.70) 520 target was achieved. At the moment i have 2 issues. Positive is uptrend, above all moving averages, Stochastic black bar on top, did not become red on any pullbacks, Elloitt oscillator green and CCI green. Negative is Elliott oscillator divergence (price making higher but not...
Little dead cat bounce is just about over, as you can see AMEX:SPY bouncing off the upper Bollinger band. The stochastic indicates profit taking too.
Welcome to SPY weekly and I have clearly explained which levels to trade & what direction market can take. If you have any questions feel free to DM NOTE: AVOID TRADING SPY
SPY quickly broke out of its downtrend and even broke out above a bear flag that had been forming. We had a low volume week last week, but SPY closed strong, pushing all the way back up to $520. It's wild to look at where SPY is now considering what the market was like just a few weeks ago. Bears get squeezed once again. I have a lot of suspicions about this...
i have posted recently was a little sloppy hopefully you take these dates into actiopn spread the word with your love ones we will take out 2020 lows similar to 07 crash look at my public profile for a better understanding
SPY has been breaking all resistance levels since bottoming in April. VX continues to decay. We're not getting much volume and things are volatile, but if SPY is able to break out of yesterday's high and hold a retest, it could see a rally back to $520.