✅SPY was trading in a Strong uptrend in a Rising wedge pattern But now we are seeing a Bearish breakout and the Breakout is confirmed so We are bearish biased now And we will be expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Bearish Divergences all over the place. Very unhealthy volume.
✅SPY is set to retest a Strong resistance level above at 459$ After trading in a local uptrend for some time Which makes a bearish pullback a likely scenario With the target being a local support below at 452$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
This is the SPY equivalent movement based off the main index analysis: Click chart for full analysis
1. I see record amounts of shorts opening still open, call selling, put purchasing speculators are shorter than 2000 / 2008 / 2020 combined. FRED raises rates to this level and yet nothing budges on a large scale so what's going on? 2. Take a look at the Japan Nikkei 225 Super Bubble during 1980s - 1990s, I use a (MA 23) on the Nikkei and double it (MA 46) for...
There's two major problems when looking at the SPY today One - USM2 debasement is a real metric changer Two - The QE from 2021 has backfired Things are going terribly wrong for the FRED they know Japan tried forms of QE prior to the 1989 melt up that led to the demise of the entire Japanese economy for decades. In 2019 its was an emergency and if QE did not...
Clear Long trend, correction catched above 50% retracement Trend bullish short term PT 490 A break above 491 will push SPDR to 630 and higher If SPY demonstrates a downward movement below the levels of 434.00 and 430.50, it would indicate a further downside potential. In such a scenario, the initial wave of targets to consider are 425.00, 420.25, and 416.00....
Ever since the GFC 1.0 and the initiation of QE during 2009, the Federal Reserve has been stuck in a never ending debt spiral loop they cannot get out of. 2017 they started the raising of rates silently knowing that the debt is almost at the point of no return (end of currency low inflation without a depression). 2019 C19 (strange timing) something leaked and...
Perfect Cup and Handle has formed with XLE. We just need to wait for the crucial breakout and close above the brim level. With moving averages, all is looking great with 7>21>200 - Green - Bullish RSI - Buy divergence >50 - Bullish Target 1 $120.00 GENERAL INFO: The SPDR Select Sector Fund is a series of exchange-traded funds (ETFs) that are managed by State...
ABC correction after 12345 special for your ❤️ After ABC SP falls to 2500 in Wave 3 🥳
The bear case in SP500 looks much more solid than in USOIL. Here the price action looks anemic, struggling at resistance formed by falling trendline, the shape of the ending diagonal looks complete and the index ready for new lows.
W Formation has formed and the price has broken above recently. We then have a larger Cup and Handle forming, which the price is now completing the Brim Level. This market is correlating well with Gold and seems to be lagging the current Gold rally. This means, we can expect upside for GLD very soon. My first target is $174.68
Recent developments in Gold and Russian stock market make me reconsider SP500 chart. I think we are in the immediate bearish scenario with correction in wave B taking the shape of regular flat abc.
Important: ****** With INTRS symbol added to compare and find points of bottoming, please enable AUTO and % to the chart) ******** I added the Interest rate line to check how long will it take to the market to start climbing out from bottom Pivot (once reached there), while comparing it to other yearly crises When Interest rate gets to the highest point during...
After the hard work of finishing wave iv in magenta, we expect GLD to play a bit in the yellow sandbox between $150.72 and $140.40, all the while completing wave (4) in yellow. Then, it should get down to business again – or rather get up to business, as we expect GLD to climb northwards, crossing the resistance at $171.23. There is a 35% chance, though, that GLD...
Given the horrible macro trends and outlooks (which are yet to be priced in) we are on our way to 3200
When looking at SPDR S&P 500 ETF TRUST current underlying value and most recent price behaviour when using a 2-hour range, investors can see a confirmed break out. The point in which the selloff crossed the $408 price point, a rejection of bullish momentum. A candle-close confirmation consolidation occurs around the $398 price point before further bareish...
GLD is warming up in the lower magenta-colored zone between $152.85 and $159.20, where it still has some room left to finish wave iii in magenta. Afterwards, it should jump up into the upper magenta-colored zone between $163.39 and $171.23 to complete wave iv in magenta, before sliding into the yellow zone between $150.72 and $140.40, where the overarching...