A weekly Long term SPY chart can tell a lot, would not at all consider myself a "bear" but I do think that people should be aware of not only this chart but a lot of the current factors and economic situations we are in right now, from chip shortages, lumber prices, to inflation, the reasons to hedge accordingly against a correction continue to show everyday....
Idea for Macro:
- Credit Cycle turned down from top of Risk Range.
- Global Credit Impulse negative, US Systemic Liquidity Flows turning down, Fed Balance Sheet 5yr avg. at top of risk range.
- Demand-push Inflation at top of risk range, in 40 year downtrend.
- Implied Volatility vs. Realized Volatility reaching a critical level.
- PC ratio reaching low levels...
... for a .52 credit.
Comments: A continuation of my "small account" thread, utilizing short put verticals to emulate dollar cost averaging into the broad market. (See Post Below). Sold the 20, bought the 17 to receive a credit >10% of the width of the spread, immediately doing a "good until cancelled" order to take profit at 50% max.
... for a .54 credit.
Comments: While I'm waiting on various setups I've got hanging out there, I figured I'd start up a thread of sorts for a small account that is on the other end of the account-size spectrum from my IRA/retirement account posts: a small account I opened for a future grandkid or grandkids. There isn't much in it at the moment (around $2000),...
SPY is at all time highs so we should expect some hesitancy. I wouldn't be surprised to see a test of the grey support line.
Things to Note...
The lagRSI on the 45 minute time frame is starting to get shaky which could signal a big move... We will have to see if we cross above the upper line to see...
Incoming High Volatility Resembling 'Black Tuesday'
Increased spending, debt, inflation, and uncertainty are getting out of hand as well as political instability and international tensions during a pandemic and a recession. We may never see a crash like 'Black Tuesday' again since strict regulations were implemented, but chart Indicators are showing high weakness...
Just some ideas for the future of SPX, as you can see I've charted an ascending triangle that has 3 zones to it, all with different outlooks of price action. depending on what 'ZONE' the price lands in is the possible direction. support and resistance lines also placed on chart. ANY feedback welcomed! happy and safe trading
Very nit picky, but 3x unfilled gaps that could in some insane markets (like this one hey!) could end up filling. Lots of resistance levels to test for absolutely no reason at all. Trade is active. Size appropriately!
90 Year Channel formation began in 1931 after Great Depression Crash and has been strong support and resistance throughout this century.
In addition this structure analysis coincides with a theory that this is possibly "the end" of a multi-layered cycle based on generational, and psychological patterns described by various writers and analysts.
We're at a major resistence level here on the S&P when M2 is taken in to consideration, going back to 2002. We're looking at S&P Futures divided by M2, and as you can see, this looks like the end of the road, folks. One thing is certain, whatever happens next for markets is going to be epic...
Our historical analogue is pointing to a 7-8% move lower like I have previously said.
We have hit our key level and now we are expected to drop VERY SOON.
Our last prediction led to the colonial pipeline attack. That was a 4% drop, now we are expecting double that distance so maybe something twice as bad?
See you've grown up and learned to be a degenerate just like your pops. not bad.
Give your dad some smokes, it's story time.
QS is one of the biggest shitshows since that time your mother got kicked out of Kokomo's on that Havasu trip.
I know you just read the Intelligent Investor and want to force feed some fundamentals or facts about batteries to me. Save it...
This is weekly chart, but I see this playing out to the downside rather largely. In part due to the visible range/session show some low volume areas that will be slid through once breaking. Need first conformation of break but I may enter soon.
Then swap to long once confirmed