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...
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.
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...
Tomorrow's Trading Range (5.9.24) and all of the levels going through it.
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...
The HK stock market (HSI) has fallen more than 5000+ points from the high of 20,000 in July 2023. In Feb this year, I made a bold statement , making a crazy prediction that the HSI has bottomed in Jan 2023 and has been slowly accumulating this index via 2800 Tracker Fund ETF. Fast forward to the recent week, we witnessed a straight near 10 days of bullish...
To me SPY will come down to meet IWM. Not other way around why 1.National Debt 2 High Rates longer 3 Inflation 4 Economy no growth job lays off stop believing jobs report its a lie all that is in the charts. that's just a few every time guys they print to get market up that causes inflation
I feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my NASDAQ:GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes...
Y'all gonna get rekt shorting this. Wave 5 underway. Might get another dip the next few weeks and then off to the moon. Targets based on various EW counts.
AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger. If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530. Another possibility, is...
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...
Chart is pretty clear. There is a big gap at $212 and a number of points of confluence. The lower trend line on rising wedge aligns with the gap, and other key levels. I'm using SOXS for the gap fill.
1. **Supply shocks**: Sudden increase in the cost of essential raw materials, such as oil or metals. 2. **Restrictive economic policies**: Excessive regulations or policies that distort the labor and goods markets. 3. **Engrained inflationary expectations**: Upward wage and price adjustments in anticipation of future inflation. 4. **Structural unemployment caused...
SPY SHORT, If we top here, Ive entered into puts this afternoon, looking to touch 50% horizontal retracement at LEAST. Will take most profit at the PoC just incase.
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...
With the Bitcoin ETF's becoming a reality, there are many new crypto related assets such as BITX provide you exposure to 2x leverage to Bitcoin. This provides traders with opportunities to scale their position, without the risk of liquidation. Ive been waiting for the market to retrace, and perhaps this drop on BTC touching GETTEX:59K , with big news ahead for...
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...