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THECHAARTIST
Apr 14, 2024 3:21 AM

SPY WEEKLY 15 APRIL 2024 Long

AMEX:SPY1D
SPDR S&P 500 ETF TRUSTArca

Description

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This is my weekly SPY analysis. Let me know if you have any questions. I have clearly explained the logical levels.

NOTE: TRADE WITH SL
Trend AnalysisHarmonic PatternsChart PatternsSPDR S&P 500 ETF (SPY) spy500spylongS&P 500 (SPX500)QQQnasdaqwallstreetbloombergtradingview
Comments
cyndarelli1111
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Is there sound in this or am I the only one who doesn't hear it ?
THECHAARTIST
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@cyndarelli1111 it has hit SL
Luck264
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Wow non stop pump
THECHAARTIST
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@Luck264 understand that there are rules and if we play with the rules even if it hits our SL thats fine. Rules are rules.
Luck264
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@THECHAARTIST I exit most of the long positions that I added on Friday at 510. $5 profit
Luck264
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@THECHAARTIST now i will look between 505 lows
THECHAARTIST
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@Luck264 rules, I play rules always.
jaredradosevichffl
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So no disrespect to your strat but i read this way differently! To me this is bearish and I would not be looking long at all as i think its to risky! Maybe if its a really fast trade but I think the better play is if you think this is a demand zone would be to wait for a leg up then short it back down. I see it headed to 500 soon but I would say it may hit 516 area but then its going to 505 area continuing the trend but I would not be long till the trend changes back personally. Also I read your RSI as bearish to and I dont understand how you see that RSI chart as bullish so would love to hear your explanation there!

Thanks for the vid tho its cool seeing other peoples views....
THECHAARTIST
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@jaredradosevichffl okay so RSI is doing bear D, HH HL,range is perfect,PR indicators++. RSI is not bearish at all. Range is perfect. Its just that we have to understand that even the best trades can hit SL. Go back in Jan and check the exact same thing happend and SPY blasted up.
Luck264
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@THECHAARTIST I didn’t understand add stop loss and exit when 507 reach. If it drop to 507 then 505 is strong hold just for $2. I will hold all my long positions here
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