SPY 1H Inside BarEasy plan. A break of either the green level for calls or red level for puts. Range defined in-between. by z0mboy110
SPY (S&P500 ETF) - Weekly - Potential Resistance Price TestSPY (S&P500 ETF) has been in an uptrend since 2023 and is approaching its all-time-high price resistance again. $523.07 is the current all-time-high price resistance. $497.83 is the current support level price, and also the 0.236 fibonacci level. Bullish Scenario: If SPY price breaks out above $523.07, the next resistance price targets could be: $537, $550, $563, $575. Bearish Scenario: If SPY price reversse back down, a potential lower-low in the price could be set over time. Support price levels could be: $508, $497, $489, $476, $466. Note: corporate earnings, FOMC interest rate changes, government legislation, breaking news, and global events could override technical chart patterns. Date created: 05/10/2024by NoFomoChartsUpdated 2
$SPY May 21, 2024AMEX:SPY May 21, 2024 15 Minutes For the rise 525.18 to 531.52 4SPY earlier had retraced to 527.33. Being 61.8% retracement usually it will make double top. On that basis AMEX:SPY hit 531.56 today. It retraced to 529.17. Therefore 527.33 can be treated as HL. Now that number should hold for uptrend. Hence if we consider the rise from 527.33 to 531.56 AMEX:SPY need to hold 528.5 - 529 levels to continue the trend. But we have oscillator divergence. Hence holding 527 is important else we have a target 526-524, 524 being 23.6% retracement for the move 499.55 to 531.56. Hence for the day If 527 is broken i have a target 526 which is 200 averages in 15 minutes. And if 531.75 is broken with good close on bar then target is 534. I expect a one-sided move today based on open.by RiderTrader559
Top hunting the illusive dropStill looking for the spot I am will to short. I see we still could be a week away. Each day i will post what I see and if a trade develops than we find it together. I have no idea of these threads having any value to anyone, so comments or feed back woud be great.Shortby alleytraderUpdated 3
Double Bull Flag on SPYInteresting chart here with these two consecutive bull flag breakouts.Longby AdvancedPlays2
SPY to 519SPY 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.Shortby Abubakar40222
$SPY 6/3 - 6/7Looks like the markets will continue to be pumped till the elections. we will still continue to focus on the OVERALL trend and pay attention to intraday levels The only thing I see here is a move back towards all time highs... If we have any rejections off res levels we can easily play targets to the downside. Now that we have our charts marked its just a matter of waiting and executing properly by Ubaidy1000
SPY $539 Price Target A 528 B 527 C 525 D 518 These were all accumulating zones for the next leg up $539, lets go bulls hope you guys follow the chart you'll be in money lets gooooo!!! Sun June 2 afterhours spy is at 528.80 Will be waking up to huge returns!!!Longby JoeWtradesUpdated 0
Let see if SPY bulish tomorrow June 3 (?). Disclaimer: This is for study purposes only and does not constitute financial advice. You are responsible for your own trading risks. Observations : Volume Profile: Point of Control (POC): Near $522. Value Area High (VAH): Around $528.15. Value Area Low (VAL): Approximately $518.36. Trend Analysis: There was a significant downtrend followed by a strong upward breakout from a falling wedge pattern, indicating a potential reversal. Support and Resistance Levels: Immediate Support: Near the POC around $522. Immediate Resistance: Near the VAH at $528.15. Further Resistance: Around $530.50. Moving Average Convergence Divergence (MACD): The MACD lines are below the histogram, showing a recent bullish crossover, which typically suggests upward momentum. Trading Suggestion for Tomorrow: Given the strong breakout from the falling wedge and the bullish momentum: Bias : Bullish Bullish Scenario: Entry Point : Look for entries around $525, if it pulls back towards the support level or continues the upward momentum. Target Levels: Short-term Target: $528.15 (VAH). Next Target : $530.50. Stop Loss: Place a stop loss below $522 (POC), to limit downside risk if the breakout fails. Bearish Scenario: Entry Point: If there is a rejection at $528.15, consider short positions. Target Levels: Short-term Target: $522 (POC). Next Target: $518.36 (VAL). Stop Loss: Place a stop loss above $530.50, to manage risk if the resistance breaks. Conclusion : The chart shows a bullish breakout with significant volume, indicating a strong potential for upward movement. Trading in the direction of this breakout while monitoring key levels (support at $522 and resistance at $528.15 and $530.50) can be a prudent approach. Adjust stops and targets based on intraday price action and market sentiment.Longby gphilvos1
SPY FORECAST PRICE AND TIME I did this by my eye.. so not saying this 100% going on but in its area...ive put a lot a work to this. LUNAR CYCLE>>> with other cycles with wycoff and cosnidering where price is at in this cycle all of this is recent information i have posted pior to this... check out my yt for audio and my pov.... Trader Cw1ss... here to help and conquner our worries... Fear is a make belive emtion that the devil makes you belive... remmber who "i am" and the powers that come wit it... theres nothing new under the sun.. hint into what i belive the lord is the sun.. the lord must rise and fall... then theres a light that rules the day and night... for more info trader cw1ss on ytby cw1sss0
June 5th date wrong strucuter rightlok at previous data i have posted..dates are wrong price is right june 6th should be last time selling buy on that day or change of bias Shortby cw1sss0
SPY SELLERS WILL DOMINATE THE MARKET|SHORT Hello,Friends! We are now examining the SPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 522.97 level. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals111
Opened (IRA): SPY August 16th 493 Monied Covered Call... for a 485.25 debit. Comments: (Late Post). Sold the -75 call against a one lot to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 485.25 Max Profit: 7.75 ($775) ROC at Max: 1.60% ROC at 50% Max: .80% Will generally look to take profit at 50% max on the entire setup (stock + short call) as a unit, but won't hesitate to roll out the short call if in profit to keep my break even at or near where the underlying is currently trading or to maintain delta metrics. This is kind of my new favorite setup in the IRA versus short put, particularly in underlyings where the put side is skewed closer to at-the-money than call and where there is heightened IV on the call side. As previously noted, this only makes sense in a cash secured environment, since you get little buying power relief going with short put over this setup. On margin, the general answer pretty much always is "go with the short put" since that is more buying power efficient than being in stock or in covered call.Longby NaughtyPines0
Spy to gain if we break 530 next week.I believe that we are in the middle of a strong uptrend, if spy can break the 530 barrier next week with strong volume, i think we will see a re test, and if it holds we can get to 540-560 by the middle of July. I currently have 555 calls for middle of July because i got them so cheap! If it rejects at 530, I think we will see another pullback and i will be selling my calls, any input is greatly apprecieted!Longby ksmith044210
Expired SPY Weekly outlook. 5th WK MAY 2024Expired SPY Weekly outlook. 5th WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 529.44 Target Price: 530 | Strike Price: 531.28 MAY28 24' Upper Range: 551 Lower Range: 510 by putIQ1
Volume will be all selling on SPYVolume has been so low as traders look for a new all time high, but big money is about to pull the plug. Going into the weekend ted as a baboon's butt. Shortby SPY_Trader0
SPY Red Alert below 524.61 we need to look downWe have a Demark 13 weekly exhaustion count, 5th wave 1.0 extension on EW, negative divergence on the weekly MACD and failed breakout, if we don't close above 524.61 for the week then the market looks in troubleby bcjsin20200
SPY might repeat itself??If spy repeat itself, it will be good buy. I still think we will see all time high end of the year Shortby zhaoqijingnn0
SPY Will Go UP! Buy! Hello,Traders! SPY is trading in an Uptrend and the ETF Is now making a bullish Rebound from the Horizontal support level Of 524$ so we are Bullish biased and we Will be expecting A further bullish continuation Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals1
SPY Trade Ideas for the Week of 5/27/2024I'm leaning bullish, but there will be equal opportunity on either side unless we chop all week.Longby AdvancedPlays0
Ninja Talks EP 36: CockamamieDefinition; "Ridiculous, implausible or nonsensical." Just some of the words that come to mind when I see bambi traders who are still wet behind the ears "jeet" into meme coins with their $500 in life savings clutched in their fist hoping to hit it big in the memesino. Sad. Instead of spending time formulating foundational trading principles and a strong thesis on direction, they idolize doge coin millionaires as if they 're the second coming of Christ. Turning water into rancid dog shi...can I swear on here? In any event, my reason for writing this psychological thriller of a post is two fold; 1) We are not even at peak hysteria yet and dumb money is already flowing to these lottery ticket tickers. It's almost time to make the biggest pychological shift in your trading you will ever make so be prepared, because while everyone else is selling their sound investments and converting it to cat tokens YOU have the opportunity to observe the FOMO within yourself. Once you conquer this and hold the line, you are unstoppable. 2) Spending this time creating strong first principles , the techniques will come (they always do), but success comes slowly and consistently with a principle-based trading diet. Try not to fill up on an over-processed all you can eat meme coin buffets, because when the time comes and you need empty space for your investment you will be too bloated to eat. Be wise my friend. "Knowing yourself is the beginning of all wisdom." - Aristotle Rant over. by NinjaTradingServices0