timwest
Short

SPDR S&P500 SPY MONTHLY TIME AT PRICE ANALYSIS SAYS TOP IN APRIL

AMEX:SPY   SPDR S&P 500 ETF
262 8 7
The market is at the end of the end of the end of its trend up here.

It may take another month to completely peak out but the odds suggest exiting starting in April. If you look at the Weekly Time At Price Analysis, you'll see that two trends end in early April from the recent consolidations.

If you note the first box of 10 on the lower left side of the chart, that represents the price action around which the maximum number of months was at one price (or in this case a range of prices from 110.85-106.93). Once the market disconnected from that price range, it rallied by the range of the accumulation zone and an amount of time equivalent to the accumulation "mode" (10-months at one price range).

The market then set up a larger time and price zone of 12 months, labeled in light purple. You can see the market disconnected from that price area and advanced for an amount of time and price equal to that price range.

Now the market is on its last, yet smaller accumulation of only 6 months and has reached the price target, but has until the end of April for time to expire.

This is my own method of charting that I have been doing since 1988 when I first saw Market Profile on the floor of the CBOT in 15-minute time frames. I immediately applied it to longer term time frames and have been amazed at the results. I have shared a number of these charts in different ways here at TradingView.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
daytradingzoo
2 years ago
I have been shorting the end of the end of the end of the end.. Without success.. Maybe this time :)
Reply
timwest PRO daytradingzoo
2 years ago
Good fortune to you. And well, technically speaking, the end of the end of the end is next month. Anytime in April.
Reply
charttrader PRO daytradingzoo
2 years ago
haha! The same for me:)
Reply
timwest PRO daytradingzoo
2 years ago
The vapor stocks have gone down a lot in the last month. Did you catch any of those down moves?
Reply
Thank you for sharing Tim!
Reply
daytradingzoo
2 years ago
Do you have any downside targets?
Reply
timwest PRO daytradingzoo
2 years ago
164 is the mode from the 6-month sideways pattern. If it breaks that then the next one down is 135
Reply
2use
2 years ago
It is soon closing within the rectangle range. Any update on this possible?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out