$398 min Target from C wave for AMEX:SPY by moneyflow_trader

Previous resistances could then act as support to launch to $408.00. From Wave 1- Leg A, is a bullish Cypher pattern. B Leg was the rejection as it retrace back up to Wave 2. Double bottom occurred on the intraday Friday. A leg acted as resistances before the double bottom occurred. This information combined w/ my Technical Analysis on Tech, and Financial Sector I see the SP500 rally early next week and cause a short squeeze.

Looking to long Financials early next week, any negative news in the market is a buy opportunity. I also like Tech, and will likely short the inverse 3x bear etf

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Double Bottom by the AD + Stoch RSI

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im also anticipating financials to rally next week.

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All 3 have double bottom on the 5min chart w/ an oversold stoch rs
AD + Price Action + Chikou Span. Looking for retest of short zone $398
if valid, we move to higher time frame on 15min chart to retest that short zone

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stoch rsi still below the cloud in oversold territory

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Big Buyer tonight on sp500 futures.
Same Triple Bottom AD + Price Action + Chikou Span, retest short zone

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1hr view of spy. previous support will likely act as resistance, but expect to move higher

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to retest short zone 398 next week

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looking for a bottom intraday tomorrow morning

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shorting into the opening on futures

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then decision at 3876

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took profits on the short

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bear trap this morning. I'm out of my shorts. Currently seeing a rounding top, the C leg hasn't been invalidated. Everything is going to plan so far. I will be buying puts and shorting inverse Bear ETFS like $faz, $labd $spxs . anticipating a late day reversal or Tuesday. So i'm looking to get into a swing position on a move back to $398-400+

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bought Faz $22 puts, puts SPXS $20.5, puts SPXS $19

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Looking for AD to breach this level, and price action respond to a move to $392.5 for $spy

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$spxs sp500 3x bear etf, Peak AD + Price Action.. expect this to sell off into the red... which meals $spy rising into the positive territory soon

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$spxs is being dumped above (B) leg

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looking for a bull flag breakout here

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bull flag breakout confirmed (removed the pitchforks) new target is 392.50 on spy..

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The AD is approaching an apex, and nearing a a breakout/directional point.

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Price Action will continue to spike, as the AD approaches Key fib levels on this time frame. I believe the bottom is in for todays trading session.. lets make some money

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All Things consider, I see today as a win for the bulls. Low of the Day held, on good volume. Big numbers tomorrow.
here is a brief update before futures start trading tonight. Here is $spy

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I ran an inside pitch fork from ( B leg t to C leg) of the Yellow ABC pattern. After reviewing this pattern, there is an ABCD pattern inside of this on the right side of the bullish cypher (In Gold). The intent wasn't to get the math sequence correct, but to illustrate what im seeing. A bullish Move from the D leg of the bullish cypher, would set up a retest to B leg or wave 2 of the Eliott wave. The ABCD pattern also confirms this set up. Price action could stay rising according to the pitch form and then we get directional point as we get closer to 395-398

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i'll be monitoring this Inverse head and shoulders set up on futures tonight for completion going into tomorrow..

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False Head and shoulders on sp500 emini futures

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the pitch fork helped id the ABCD set up

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1min $spxs chart showed peaked AD + Price Action + Chikous Span
(bearish into close)

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im still short $faz $spxs . I have a position in $boil, and long $spy... yes im still bullish. seems all that is left now is for $spy to print $400.00.. Some ask do I still see $398, yes I do ...

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I will be monitoring the AD and the Money flow at the opening bell, the 1st 30min to determine if the AD will breach the 30min spike level

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All Systems appear to be a go. Lets get this money today. Puts will print, and $spy is looking to run. Will be back after lunch if there is any changes/updates i'll post.

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AD showing 30min spike I mentioned in above chart, but we'll likely see that move before US markets open at 930am

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30min spike level breach

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retest short zone of $398.5, 1st area of resistances is $392.5

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inverse head and shoulders breakout, look for this pattern to continue onto higher time frames. we need to clear 392.5, to set up the run to 398.50-400 later this week. If pattern is true and valid there will be more volatility on the higher time frames

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$398 spy is magnet now
look for AD to cross $392.50 level and push to $398

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You dont need to see price action to trade. Here is the AD going through Key fib levels. Notice on the 15min chart we're approaching the .236 fib level by the AD. All I did was measure the height of the highest sell off $407.00 to the bottom of this range. As the AD approaches these key fib levels, you'll see more spikes in price action

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I don't have a website, or discord. I'm getting a lot of questions about this. If you have a specific question about a stock/etf/commodity and wish for me to chart it. Drop me a message. I'll do it for a fee which you can send via paypal. I'm keep charting $spy when I see bullish/bearish set ups for free.

If you're having success using the charts and want to support feel free to drop a tip, also if you want me to chart a certain stock for you. Send a tip with a message and your TV username and i'll do it for you. (DM me before so I know)

If there is enough interest in a discord, i'll consider starting one. Thanks again for the likes and comments

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As we climb higher, the fibs which were determined by the AD, need to be retested as support levels. I.e. .236 fib, then the .382 fib level etc.. you should see a retest on every time frame. You want to see this in a bullish environment

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AD + Stoch RSI double bottom same level. right near the .236 fib level 390.90

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adding more at the 390 level, 5min dbl bottom by AD + Stoch RSI and previous resistances level acting as support

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jpm and apple wont let this market crash. see my $aapl chart

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im long otm calls on $jpm and $aapl for the win, and every dip on $spy and $boil im buying it up..

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same fib levels that I posted on the 15min chart over 7 hours ago.. Look at how Price Action responded

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Price action spiked towards the end of the day as the AD crossed up through these levels on the fib. Now im keep these same fib levels, and jump to the 1hr time frame to show what im seeing.

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1hr chart. The AD is showing me an Inverted head and shoulders pattern set up. The AD (in White) has already crossed over the lower fib level . If you scroll up and review the 5min chart, there was a smaller inverted head and shoulders breakout that retrace.

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if you recall last night, I spoke about the ABCD bullish pattern I saw on ES sp500 emini futures. The same pattern is present here. The Head and Shoulders on the 1hr (everyone saw) is part of this bullish pattern. For every bullish pattern, there is a bearish component

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We have to get over $401.5 to invalidate that head and shoulders. I'm stating price action is going to run above $407.. I'm sticking to the 398.50, you dont have to keep asking me that.. and this is the reason why

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same similar pattern I saw last night before the pop

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$spxs posted this on the 13th.. Look at how price action has responded since cross over B leg.. This is bearish and why im short.. Its an ABCD pattern breakout that ran up , now price is retracing. Looking for Price Action to retest Feb lows of $16.50-$17.50 which is bullish for SPY

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last update, multiple levels of IHS seen on futures

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there it is. 4080 confirmed by the AD, we have an Ascending triangle. Im fully anticipating $400 this week

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and once this level is breached, then im consider taking a short. AD + price action would then be at the same height. It would likely form a double top. But first let the price action catch up. Cheers..

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1hr update for $spx500usd ... less than 10min before PPI report at 830am... The stoch rsi is in oversold territory on the 1hr and still below the cloud. This is a bullish set up. And very likely a bear trap..

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same also seen on 1min time frame

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waiting on confirmation of this desc. triangle breakout make or break for price action

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desc. triangle breakout

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higher highs/ higher lows being created

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AD showing we're about to spike into the close, and regain all the selling pressure from last week if we can close above trendline resistances here.

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sp500 3x bear etf $spxs showing weakness, its the short that keeps on giving, esp if you take profits daily. I like that fact that I can run the AD and monitor inflow and out flow of this security. Gives real clues to price action and help you get in and out of these trades fast. If im bullish on the economy, I dont have to buy $spy I can just short $spxs via put options.. Looking for price action to retest Feb lows I have 18.50 as my target

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see the rounding top

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should close on or above support

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closed above support, thats a win in my book

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something to consider... if we clear 3940 we head to 4080, there are two sets of head and shoulders patterns. Not sure we invalidate both, but I can see us invalidate the 2nd h/s in red box.. 4080 level takes out that right shoulder

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make or break day

3820 breaks on good volume i'll put the bear suit back on

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$spy looking strong, im still shorting $spxs on the pops.. Look at the 3x bear sp500 bear etf... This is all I need to see... everyone else is bearish on the sp500.. They buy puts on $spy I buy puts on $spxs This is a clear rounding top and a short for me.. Long spy calls on these dips too..

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intraday bearish ABCD pattern on $spxs 3x bear sp500 etf... like I said earlier, dont give up on spy, this rounding top on the 3x bear etf is all I needed to see. They keep buying puts on $spy, so I keep loading with puts on $spxs this will flush by close (bear etf)

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$spy 1hr, looking like a breakout

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posted 2hr ago, support level held up nicely... we takeout 3940-3950 we will soar to 4080

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aight might be the last chart for this trade.. im looking to take profits when $spxs hits last monday lows on 3/6/23 not a penny before

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weakness on $faz the 3x bearish financial etf.. look for it to also retest last monday lows. puts loaded on this
short the C leg of the bullish cypher on $faz the finanical 3x bear etf.. There is also a hidden bearish ABCD pattern (short that as well) looking for a retest of Last Monday Lows #traders #investors #stocks #stockmarket #bonds #banks #svb

shorting the bullish cypher, target $19.59

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prev. resistances acting as support

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prev. resistances acting as support.. A strong close above A leg or C leg is extremely bullish

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maybe a little greedy, but I want to see a $396 retest into the close today

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bull flag

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there it is $396, push to $398 close? nah that might be asking for too much. enjoy those profits

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futures cup and handle forming here, waiting for confirm breakout.. also 30min stoch rsi is almost below cloud (we've seen bullish momentum from this move this week already both on 1m/1hr chart)

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notice how when the Stoch RSI is under the cloud, those have been buys. with previous resistances acting as support now, stoch rsi may not dip below the cloud. Keep that in mind

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spx closed above previous resistances level during NY session, I actually want to see it retested during futures and hold. And gradually rise going into NY open. But if there is no retest from D leg of the abcd pattern (in white) to A leg (top of the bullish cypher) than that's extremely aggressive bullish behavior

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buy signal right in front of you on the futures

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mentioned it earlier, looks like we're going to get that 3941 retest before NY open. Previous resistances to hold as support..

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I set a stop loss for the futures short, but overall im bullish. I've stated my view thoroughly enough. Im not going to be up all night trading, gotta get some rest

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i'll take 3945 even..

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covered the short, and we bear hunting now

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will look to add some otm calls , and short $spxs and $faz again at the opening

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all the answers you need and looking for are right here in $spxs

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spy will eventually move back up due to the heavy short of the 3x bear sp500 etf...

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here it is

short $spxs the sp500 3x bear etf

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this weeks trend still in tact. 1hr chart still very bullish. stoch rsi in oversold territory and below cloud (very bullish)

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$uvxy doing some chart work on a Saturday morning, feeling good about my puts. Bearish Divergence by the AD/Money Flow. Also appears that previous support is now resistances. From the gap up D leg of the bullish cypher/C leg of the ABCD pattern, it appears uvxy ran into a double top. It gap up over B leg, retraced and was stopped short of crossing over the .618 fib which was once support. They would have to gap this up again over $7.11. I dont see it happening w/ the bearish divergence I see in the AD/Money Flow. Held my puts

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$spy 15min time frame, there is an apex that formed, but focus on the AD, setting up a 15min spike w/ a bullish cross. if it crosses tomorrow price action likely tests $395 min. but has to cross. so far we have bullish momentum on the futures w/ a cross over 3940

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apex on 3min futures $spx

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keep an eye out for for $tsla

(30min chart)

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follow tsla chart for live updates, safe buy is above $215 which would validate the cup/handle breakout set up

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Volatility coming back into the markets even stronger... looking for a flush on $uvxy

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Bull flag on $tsla 2hr chart (look at how support gets bought yellow box, going back to the 14th last Tuesday)

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$nvda $315 target AD ascending into a bear flag

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created this oil chart last night, and oil is up 1.6% so far on the day, this is the monthly chart.. shorting $drip, and long $gush $uso

Oil to retest all time highs C leg of the ABCD patter is support

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Nice gap up above the Apex.. within range of my target. Could easily hit $401, thanks for following my trades and Ideas. I'm closing this trade once target hits, all though this could still run up. I just wont be giving anymore updates.. Cheers