The strong close last week indicates a shift in control to the buyers. They managed to close above the previous week’s high, establishing a weekly higher low and confirming the daily uptrend. Currently, the bulls have control across all key timeframes: the price is trending upward on the hourly, daily, weekly, and monthly charts. The only challenge they face is on...
the price of gold rose even further after a report showed that more Americans than expected filed for unemployment benefits last week.
Because bonds bottomed, you could see the risk profile change from the bearish rotation in yields and the dollar, and so did the market's reaction last week! That's just my thinking about spies, if it goes bust, it could go up to 596 or 600, maybe we'll pull back around 476 and then go up
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.
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...
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...
Let's take a look where SPY will end up 2 weeks from now.
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...
break out imminent , all aboard choooooo chooooooo lithium is back baaaaaabaaaaaayyy
🚨 AMEX:SPY May 10 500c 7.97 to 19.97 150% Over 1k made on this SIMPLE Options plays. When we take the 618 Fibonacci pullbacks and GAP FILLS we get Options for DEALS because we BUY CALLS when the Market is TANKING!
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...
We've seen a wild +25% rally since Oct 2023 in SPY. Honestly, I did not expect this move back in Oct, especially since we broke down below the MAs and they acted as resistance for 3 weeks. However, the market doesn't care about what we think it will do. I don't like calling tops, but nothing goes straight up. With the crypto market building up hype as well, I...
XLF.... I could on long diatribe about the Banking sector and financials and the economy... But I'm not You want to know why? (i'm going to tell you regardless) It's because deep down you know that the Banking system is a house of cards and these Bankers..JUST..CANT..RESIST..THEMSELVES SHORT XLF...for now...and then a Big Short (pun intended) later (i'll...
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 -...
🔴 Resistance - 517 🔴 🚀 Target - 518 - 518 🚀 🟢 Support - 517 🟢 🚀 Target - 516 - 515 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION &...
Tech printed a triple divergence on a daily timeframe today between price and MACD, with a bearish engulfing candle close. Even if today's high holds, we are likely to see a retrace higher of this downside move in the first half of next week. Assuming the high holds, we are likely to see a pullback to the 50MA around ~ 200, or 3.5% lower than today close. A...
This one just keeps going so hoping on the bus. SL placed low as were pretty stretched on Daily and Weekly.