Many of you are confused on the recent price action of the market. When in doubt, zoom out. Pay attention to the next fib level and pay attention to GOLD & OIL. Feds only cut rates during market turmoil not during bull runs. To keep it SHORT and sweet. It doesn't end well for risk assets. On the other hand, have you seen the prices of cocoa??? Insane!
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.
My dear followers, I analysed this chart on SPY and concluded the following: The market is trading on 520.83 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 512.34 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to...
Hello,Traders! SPY is going up now But a horizontal resistance Around 524$ is ahead So after the retest we will Be expecting a local Bearish move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Tomorrow's Trading Range (5.9.24) and all of the levels going through it.
will chop monday open higher on mday close low open low close not high but wen will open higher and crash @ 8;30 or 11:48
✅SPY surged again to retest the resistance of 524.57$ But it is a strong key level So I think that there is a high chance That we will see a bearish pullback and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
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...
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...
SPY - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell SPY Entry Level - 520.83 Sl - 525.68 Tp - 511.78 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
SPY looks primed to breakthrough resistance and new ATH Price needs to break the the resistance to get on its way to new ATH. We believe it will smash through the resistance. Momentum looks bullish, RSIs trending upwards Are you buying?
Let's take a look where SPY will end up 2 weeks from now.
SPY is forming bearish level, could be double top or a rising wedge...
It's totally rigged, and this proves it. AMEX:SPY should be on the ground right now, but it's near ATH.
SPY has been ripping through all resistance levels since bottoming out in April. VX continues to decay. We're not getting much volume and conditions have been choppy, but if SPY can break yesterday's high and hold on a retest, we could see a rally back to $520.
So, this is a slightly different look of another chart. Basically, we might be seeing this play out in real time. This pattern is scary where the price currently sits. and to where it can head. What is the pattern? Trace 2018 to Covid and then into recovery and correction. Bring that to the current move, pattern, wave... whatever you want to call it. It's...
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...
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...