The S&P has had clear lower buyers and has had clear higher sellers and now is balancing between these two levels, these levels will be used as a wide trade range or target for my trading until we move clearly from these levels. top of 2930 area and lower 2876 area. Additionally watch the orange lines for substantial buying and selling zones.
The red zone will...
Conclusion for today’s SPY analysis: A break below ~284.93 implies continuation of bearish trend.
The 1 hour timeframe of the S&P 500’s ETF (SPY) is presented in today’s analysis with main focus placed on chart patterns that are currently active.The uptrend in the SPY from its December 24, 2018 low to its July 29 peak has been followed ever since by sideways...
Results of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts and comparing the trades against the trading levels published in the morning. This is an experiment in real time, walk-forward testing in the open for anyone to be able to...
More island tops, Steeper rising wedge inside a larger rising wedge, Bearish RSI divergence, Bearish acc/dist.
Need to see the current breakout fail (a break and hold below ~$215). When that happens...
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Liquidity keeps drying up and the feds have decided they'll get back in the market (officially) soon, maybe they will solve everything.
If someone knows how banks can survive this environment of negative rate that we're heading toward, please...
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Today was another incredibly challenging day to trade intraday. The market wants to be bullish SO bad and honestly i thought we were going to turn there for a minute. But this schizophrenic news flow is whipsawing everyone left and right. I'm personally wearing this one with bad entries and overreactions to news.
My target of $289 on SPY and $2900 on ES were...
Let me clear some things up: I am not a day trader. So, my charts are what I see from a swing trading perspective. I look for opportunities that might not play out today, tomorrow, or even next week. Rather, I look for opportunities that I think might play out anywhere from today to a month (or a little more) from now. Not long term, but short to mid-term... I'm a...
ATTENTION ALL DAY TRADERS AND WANNA BE DAY TRADERS
Forget about day trading stocks. Day trade options instead.
Fantastic opportunity day trading SPY options for multiple mega profit days.
5 days in a row with a trade 600%+ every day so far in October.
3 to 6 trades a day.
Checkout out our results so far for October.
You owe this to yourself to at least check out...
I posted bull scenarios last week, here's the bear scenario if no deal gets done. Appears to be doing a two step drop like May, movement lines up the same.
Regardless of if we're heading to a new high, doing a two step drop like May, or whipsawing like August, everything seems to indicate a bounce tomorrow. No indication which way the market will gap.
So Close and Yet So Far!
With the potential fiasco with the trade war now becoming clearer, with everything from North Korea to Syria appearing bumbled, investors seem to be fast losing confidence in a continued goldi locks scenario with the economy - domestic as well as global. The overnight slide in the futures speaks to this.
Markets might be looking for...
USA vs CHINA
The round of trade talks between the U.S and China (Oct.10), once the object of hope for a truce by the investors, now has become bare-knuckled fighting between the two parts. Now that the U.S put eight Chinese companies in a blacklist that prohibits from doing business with American companies without the U.S government approval. The Chineses...
After rallying yesterday AM, market sold off aggressively to test the Low of the day.
During overnight session, market sold off more to test the High of October 3rd, 2019.
Need to see a test of overnight Lows, before deciding on direction.
Level to watch 2910-2908
News to be aware of :
US:Jerome Powell Speaks
1:50 PM ET
The overnight has had a decent down move and is set up to keep going so primary idea is a bounce up to 2932 area for a good shorting position. A move above that area I will flip to thinking long for about 10 points.
the two lower targets are marked for the lower move.
secondary move and almost as probable as the primary idea is sideways chop, so watch the red zone
SP500 is still consolidating above the Range High and needs to break out the Key OB. The direct proportion between the volume and the price action (higher highs and higher lows) is indicating that this distribution isn’t done until it reaches its targets.
Please let me know if you have any suggestions or any...
after a very strong selloff SPY has retraced and currently, the market is approaching a key level of resistance on daily.
On 1H chart the market is consolidating and coiling within a narrow trading range.
If bears break below the range, for us it will be a perfect signal of a bearish continuation and...