SPY weekly is here. Be careful when you are trading SPY. All levels have been discussed here. NOTE: DO NOT TRADE OPTIONS IN SPY
The weekly close today was straight up horrendous. We've got a channel break, retest and fail and confirmed this week. We've got a bearish engulfing candle. We've got bad news from NVDA, TSLA, Banks, FED etc. So, shorting right here is kind of a no brainer; right? Well, let's take a deeper look. On RSI, everytime there is a double touch on the lower end of...
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As you can see here we have approached a demand zone at immense speeds. I am looking for a breakthrough of the demand zone, retest and a flush down possible on monday. We are in an overall down trend on the 15-minute chart.
Inverse Head & Shoulder Pattern on TVC:DJI is dissipating FAST. (This pattern helps with bottoms) 🚨🚨🚨 It is GONE for CBOE:SPX , in fact, DANGER!!! TVC:NDQ about to test support again. Could it be a double bottom or will it break through? AGAIN, we stopped being on the BULL train in late Sept. RISK is HIGH!!! VERY HIGH!!!
Spy is a buy right now. We are in a demand zone and heikin ashi candlesticks have turned green. I would wait to enter until we have a strong green candlestick on the 15 minute with high volume. #SPY
Recap After being in corrective mode for several days, ES arrived at the technical equivalent of ground zero - the 4330-36 zone. This zone is significant as it defines the uptrend that ES has been in for exactly 1 year. The arrival at this zone resulted in some of the most volatile, trap-filled, bipolar price action in many months. The 4330-36 zone was tested 5x...
In keeping with the idea outlined in the linked post, I wrote about the possibility of an aggressive short trade from the 4340.75 defense. Such an opportunity did indeed arise. Explanations for the diagram. After the seller defended the level, the price updated the local minimum, which means it reached the mandatory target for a short trade. Since the deal was...
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This is my in depth analysis for AAPL & try to understand logics . Do not trade blindly. Understand what price is trying to say & then trade. NOTE:TRADE SAFELY WITH STOPS ALWAYS
Back to this set of chart overlay... So, it is where it isand the SG10Y Govt Bond yields are again rocketing. This is yet again to push the SPY further down. Combine this with the double top seen recently; probabilities stack up for more downside into November.
The past few days were quite choppy for SPX. However, S&P 500 E-mini Futures have not broken above the 0.5 Fibonacci retracement level. That allows us to maintain a bearish stance and keep the recently introduced setup valid. As a result, there is not much to write about today, except for one noteworthy thing that caught our attention overnight: one of the largest...
I took a chance on AMEX:IWM yesterday on the reversal candle. I liked the action today as it followed through. It did get rejected today right at the area of horizontal resistance although it did close in the upper 2/3 area of the candle. I look at that as being bullish. I will look to add to my ½ sized position if / when it can get over that flat resistance...
This is my live analysis for SPY and I want to go long once price touched $424 levels and the logics are explained in this analysis. NOTE:WAIT FOR THE RIGHT OPPORTUNITY
S&P 500 INDEX MODEL TRADING PLANS for THU. 10/19 This week marks the beginning of the peak of Q3 earnings season, and a potential inflection points in the geopolitical risks with signs of potential ground operations to begin by Israel in Gaza. Geopolitical risks, high interest rates, sticky inflation, extremely strong jobs market, early signs of consumers...
Recap Yesterday marked the fifth consecutive day of intensive rangebound trading, making it one of the choppiest days in recent months. It ended with a late-day downward trend, following a 187-point rally from the October 6th low. The market spent nearly a week in consolidation mode, oscillating between 4366 and 4418. This range eventually tightened and peaked...
Good morning traders. As you can see here on the 15-minute chart we are in a channel on spy. Looking at the daily chart. We seemed to have made a mini reversal to the upside. So, I will be looking for a break of this resistance at the 438.15 level, retest, and bounce to the upside within this week. Thank you as always for taking the time to look at my analysis.
Today, I wanted to draw your attention to the recent performance of the SPX, which has been exhibiting a range-bound behavior over the past year. As we navigate through these uncertain times, it is crucial to stay vigilant and monitor the market closely. Over the last year, the SPX has shown a tendency to trade within a specific range, with price movements...