Get started

LINE

Enormous Descending Wedge on SPY Happy Saturday Ladies and Gents! As with any other previous posts of mine I like to begin with letting everyone know I am not a professional trader, lol. I'm just a dude who likes to look at charts. I'm really just thinking out loud. Some how my kids aren't attacking me and I'm able to calmly and thoughtfully look at the charts, lol. A few things to note before you read my thoughts on the SPY’s future price movements. • I am not factoring in any economic data or potential rate hikes/cuts. This is strictly price action TA – which as you all know is just one piece of the puzzle. There are many different variables the can influence price action – I am just looking at one here. • Consider that this is a longer-term outlook on the SPY. I believe this likely plays out over the next 2 – 3 months. Late May early June is when I think we reach the target area of low $340's - to be more specific, you can see that the trendline and price intersect at exactly $339-$338. I tried to take into account the time between peaks and valleys of previous price action when drawing the projected path (in yellow) but note it's just an estimate, lol. Anyways, here we go: The price on SPY is VERY likely going to continue downward!!! We are at MINIMUM going to come down to touch that orange trend line. It's just been respected so many times in the past and we are so close to it. - it's like a magnet. Price WILL come down and tag it (maybe there will be a little consolidation before we do though) I tried toning down the opacity of all the other trend lines so that it's a bit clearer. Essentially it looks like we have formed a giant falling wedge (ultimately a bullish pattern). I mean I do think once we reach the bottom of the trendline around the $339 area, there will likely be a massive move upward and an even larger breakout of this descending wedge. FYI.... I tried thinking about time. This could happen late April to early June I'm going to zoom in and bring back into focus the other important trend lines now (specifically the orange one) It's just seen so much action - it's very likely we come down and tag it - even consolidate there for a few days or week.
AMEX:SPYShort
by DansGoneFishing
4
Violent next 3 daysEither direction we have about a 1~2% move that I anticipate. This trend is bullish, but there was a pullback to 405 from 408 in the last hour of trading; which is not much but when looking left this area is roughly 2 years old we are entering (support and resistance that is.) The RSI is overbought on the hourly. Once again looking left there are 10 times we can see support and resistance tested in this area. Either way expect some chaos. Or I may be wrong and this is a cup and handle and we rocket past 412 quickly. Not investment advice.
AMEX:SPY
by Claudvonjon
Bulls Need to Hold 395.90Bulls Need to Hold 395.90! Update from this weekend idea. As I outlined in the weekly review. Choppy, slow grind up. Volume and volatility were compressing nicely until the Oops Missile at 1pm yesterday. Bulls need to hold 395.90 to keep this bear rally alive. VixEx Today OpEx Friday. May be some red over the next few days. But bulls need to buy this dip to stay in the Jam Bands to test 200D A reminder we are still in this Quarters Window of Weakness through the 1st week of December. The big JPM hedge equities weakest flows in terms of Gamma per point move. So even though all funds are positive. The positive flows are not strongest to keep the up and to the right momentum going.
AMEX:SPYLong
by SPYvsGME
1
EURAUD short viewEURAUD, the pair is in bearish consolidation after rising to 1.57000 levels. When we set Fibonacci, we see that we are now at 23.6%. We have already had a breakout below this level, so we could expect further declines in the euro against the Australian dollar. The next target is at 1.52000, around 38.2% of the Fibonacci level. We could also test 1.50000 if the euro continues to weaken. The weakening of the US dollar will help the Australian dollar to strengthen, and therefore we expect a bearish trend on the EURAUD pair.
Short
by Aleksin_Aleksandar
1
Gold 15 minutes Between Trend line The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
FX:XAUUSD
by MER
Chainlink LINK Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum . With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week. LINK/USDT short Entry Range: $7.50 -8.00 Take Profit 1: $6.40 Take Profit 2: $5.10 Take Profit 3: $4.60 Stop Loss: $8.90
Short
by BuySellMarketMaker
2
ETH/USD Trendline BreakHigher Time Frame Trendline Break, look for a continuation up north. Just know FOMC is approaching. A break below the Trendline may be a reason to get out. Tight stop loss for this one. Stay tuned more to come. PM me for any chart request and I will promptly post them. This corresponds to my previous signal on bitcoin. I would love to chat with you all about how to play the end of the year Q4. Like and leave a comment, I appreciate all the support. look for a retest of the low of this last 4 hours bar for best entry. I don't have a set price for take profit, just looking for a further continuation off these lows. That is all for now on Ethereum.
BITSTAMP:ETHUSDLong
by LiveTradingHouse
3