AMEX:SPY Inverse Head & Shoulders Pattern, In the recent trading sessions, the SPY index has exhibited a compelling technical pattern commonly known as the Inverse Head & Shoulders. Unlike its bearish counterpart, the standard Head & Shoulders, this pattern is generally considered a bullish indicator and may signify a trend reversal from downward to upward. The...
S&P 500 INDEX MODEL TRADING PLANS for WED. 10/11 Geopolitical risks, high interest rates, sticky inflation, extremely strong jobs market, early signs of consumers beginning to scale back (per Walmart's CEO)...yet, retail bullish positioning has increased last week. Is this Fools rushing in where Angels fear to tread or retail investors having some crystal ball...
Recap In the past week, we saw a significant technical shift with ES reclaiming the 4310 level, its core bull market trendline from October 2022. This put the bulls back in control and corresponded with the start of bullish October seasonality. The week had straightforward trading, with the market pulling back to the 4310 level before triggering a two-day rally...
Equities have rallied for three straight days in a row. Any test of yesterday's High could provide direction for the day. Level to watch: 4302 --- 4304 Report to watch: US:FOMC Minutes 2:00 PM ET
Nice falling wedge set up after the pull back yesterday. Targets to look for long are 438-440 over 437.25. Targets to look for short are 431-430 below 434.34
FOMC could lead to a strong bull run. This scenario would line up well with the Fed's schedule for rate hikes and cuts. The most bullish scenarios now have us with a 5% terminal rate by about April, then no rate cuts until late Q4 2023 to Q1 2024. This long plateau is typically when markets have peaked in the past, or upon the first cuts. As seen...
As you can see here on the hourly timeframe we have formed some trend lines. I feel like we will open up tomorrow red and then if we can close above the top trend line above vwap and with good volume on the 5 minute chart I feel as though we can get a nice pop. Be careful tomorrow is a FED meeting!
Remember when i said i was buying calls from $422-$417 and expecting at least a bounce back to $429? Trading options on the daily/weekly has been wonderful with this T/A lately. Now if we can just open lower tomorrow and keep the momentum of Wins going. We began buying PUTS today at the $436 line given. Honestly most of them we worth closing (and did) by...
Intra day does not mean that you will get trades today. I will trade only what candles are telling me to do. Observe the levels and trade as per your risk tolerance. NOTE: WAIT FOR PRICE TO COEM TO YOUR LEVELS
CBOE:SPX chart is quite INTERESTING. We can see the obvious short term downtrend. We're currently at the bottom part of the GAP. Volume has been a lil lighter, holiday is likely the reason. RSI broke the downtrend it was in Maintained the longer term 2022 low up trend. Can AMEX:SPY reach the top part of the current downtrend? AMEX:SPXS AMEX:SPXL...
Expired SPY Weekly outlook. 2nd WK OCT 2023 > NEUTRAL 📊 CORRECT Closed Price: 429.54 Target Price: 428.42 | Strike Price: 427.36 OCT9 Upper Range: 445.03 Lower Range: 411.81
S&P 500 INDEX MODEL TRADING PLANS for TUE. 10/10 Geopolitical risks, high interest rates, sticky inflation, early signs of consumers beginning to scale back (per Walmart's CEO)...yet, retail bullish positioning has increased last week. Is this Fools rushing in where Angels fear to tread or retail investors having some crystal ball into the future that...
Last seen similar upside indication in July and Aug. Hoping some more way to go uowards
Recap Friday was a significant day for the ES, with it reclaiming its core bull market rising trendline from the October 2022 lows at ~4310. This week began with a significant gap down due to weekend headline catalyst out of the middle east. However, the action at the open demonstrated just how powerful simple technicals remain even in the face of geopolitical...
This is my analysis for SPY . Try to understand the logics and try not to push trades on you. NOTE:TRADE OTHER STOCKS LOOKING AT SPY
Let's be honest. SPX is in an uptrend now. The price has been creating higher lows and higher highs. The downsloping trendline which was acting as a strong resistance in March 2023 was retested and confirmed as a support. Since then the price has been in the uptrend and in our opinion we are at the early stage of the new BULL MARKET. Yes, you hear it right: BULL...
In my previous update I discussed that SP:SPX has lost a key support level in the orange support zone. SP:SPX was sitting under resistance as investors waited for Friday jobs data. The strong jobs data led to a spike back up and SP:SPX has successfully regained support at this orange zone again. My current price target for SP:SPX is the yellow resistance...
TVC:NDQ has traded back above the NECKLINE (from Head & Shoulders Break down) - Amazing!!! DJ:DJI has not traded above and neither has the $SPX. In this chart we see the SP:SPX illustrating the resemblance to 2022. We've been showing this chart for some time now. It's amazing how similar they are trading. AMEX:TYD is running today (leveraged bonds ETF)...