The correction??? In my opinion and chart theory suggest its time to go long and find the proper to stocks to be in Subscribe for update stock pick and the best sectors to be in so your not left behind!! as for todays daily chart set up I suggest calls at least a week out as chart indicates Goodluck traders like and subscribe as for members that listened and got...
SPY is currently in an uptrend, and failure to break and stay above 531 will lead to a double top, which will likely see the stock come back to the 519 level.
On the chart it's gone up 7 points in 7 weeks or 49 days. After rising for 14 days. A possible delay to June is something to consider.
Market closed strongly last week after reaching a new historical high. There was some sluggish consolidation on Thursday-Friday but near end of Friday trading hours, bulls put end to it by setting hourly higher low. Friday closed within Thursday’s range after a failed break-out, which is a very bullish signal. Currently, we have full alignment on all major...
SPY 5/24 Levels As AMEX:SPY continues to climb and climb the bull rally has no sign of ending. We are expected to have slight weakness this week although seasonals are indicating this week is the bottom. The weekly levels are : Market Makers Hedged - Upside $536.50 Downside $521.50 Markets Expectation - Upside $535.13 Downside $524.40 Liquidity Levels - Lay...
AMEX:SPY May 20, 2024 15 Minutes AMEX:SPY managed to hold 527.5 as marked in char with a rectangle box. AMEX:SPY making a series of LH, LL pattern. So considering the rise 527.33 to 529.5 must hold 527.5 528 levels for uptrend. And if we take that fall from 531.52 to 527.33 AMEX:SPY need to cross 530 for any longs as it it represents 61.8% of...
I go over my trading journal after finishing the first week of my small account challenge last week and share some analysis for this week.
I have been waiting for a few things to play out before even dreaming of posting the idea of a short. But we are at a spot I will be seeing how it plays out and it may not fully trigger till next week, but figured give you heads up.
My dear subscribers, SPY looks like it will make a good move, and here are the details: The market is trading on 529.43 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 519.19 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as...
Disclaimer: This is not financial advice. Please trade responsibly and at your own risk. Optimal Entry Point: Aim to initiate a position around the price level of 515. This level is identified based on current market analysis and recent price behaviors that suggest potential profitability. Critical Resistance Zone: Watch for a clear breakdown in the price range...
This is SPY Weekly. I have clearly explained the levels. If you have any doubts make sure to DM me. NOTE:GO LONG ONLY WITH DEFINED SLs
Updating Levels as we got ways to go before we see $600 AMEX:SPY return of hyper inflation will we see AMEX:SPY my high target of $640.30 or will it die off around $540.70 give or take after we reach those highs we will see pullback back down to $395 if buyers fail to step up to show support we'll be testing 2008 lows back around $285 eventually down to...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current SPY chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
🔴 Resistance - 529 🔴 🚀 Target - 529 - 530 🚀 🟢 Support - 528 🟢 🚀 Target - 527 - 526 🚀 🚫 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 &...
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,...
After confirmation of control in the first days of May, bulls enjoyed their dominance. The market opened with a gap up on Monday, rallied throughout the entire week, and closed very strongly within the top value area. There was some profit-taking on Monday, but sellers were not able to push the price even below the previous day's high. At this stage, there are no...
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...
7 points up in 7 weeks or 49 days. after going up 14 days. a move down into june is something to consider. this is not financial advise. do your own research. please dont follow my trades unless that is what you want to do. i dont want to be responsible for your success or failure. that is a heavy burden to carry which i am not ready for. my posts are...