Game Plan for May 13, 2022 Make sure to observe the 392.50 area as spy resistance for now. If that resistance breaks, we must wait and have patience, then go long and never chase. Overall, spy daily RSI at 30. Significant consideration note to take. But still, plenty of room to go down as RSI is calculated and first, down to 30 can be a fakeout, then 50, fall...
AMEX:SPY Possible Scenario: SHORT Evidence: Price Action, Bearish Catalysts, Inflation and FED new policy, Geo-Political conflicts between Russia-Ukraine, H&S pattern on Weekly chart. TP1: 420$ TP2: 400$ *Instead of SPY PUT options, I prefer short positions in AAPL, MSFT the premiums are still cheap if you compare it with indices. *This is my idea and could be...
Two questions I had: how low will this go? I have no idea, so I used Burry's tweet suggestion. how many years will it take to recover SPY to the current level? I have no idea, so stretched out the pattern based on Burry's tweet suggestion. I still suck at charting, so don't use this. I actually thought we had one more last bounce, but looks like it's already...
I still suck at charting, so don't use this. I actually thought we had one more last bounce, but looks like it's already dropping already. For this chart: I took a bigger picture view (curious how long it took for 2008 crash to recover to the same level as current pattern. Biggest assumption here is using Burry's recent tweet, which said something about Nadir...
Hello, I've been gone for some time now. busy with my job and backtesting and improving our code. Suffice to say, we saw a massive improvement in our backtest and also ability to capture psuedo-macro cycles, pretty stoked about that. Let's get over the boring stuff. Our algo was pretty efficient at capturing dollar moves and as of today, dollar (DXY) became...
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially...
Pls visit our last Polkadot analysis for better context. As we know DOT was inside an ascending triangle pattern ( bullish ), however price has fallen out of that pattern for a much larger wave 2 correction. Should price fail to close back inside the triangle and i think it wil fail due to bitcoin's vacation, we will have ourselves in play, a regular flat...
$SPY testing the bottom of the 1D Linear Regression Channel into the market close today. Price has held the channel so far and we are keeping a close eye.
It seems ti is going to be big gap down and highly volatile monday for S&P 500... be careful and cautious.. VIX is already 13 % up.
SPY is trying hard to go up as it bounces back from the support and has seen the 405 level twice. This area should be considered in high demand for now. Looking at the futures right now, they are already down -0.50%. Two more things to consider: 1. MACD is trying to cool off as well with RSI. 2. If we see a bounce back from here and break the downtrend, we...
Today, we saw a massive sell-off after yesterday's massive rally, but there was an enormous volume at the end of the 15 minutes of the trading session. I see two scenarios tomorrow. Scenario 1- we might see a dump at the beginning and then upward correction in which the spy will touch the 417-418 area and then back down again. Scenario 2- We might see a sideway...
I think SPY is forming an Inverse Head and Shoulders Bullish Chart Pattern with a target of $480 by the end of the year. Today the Contrarian Investing is a good idea: "Buy When There's Blood in the Street"! looking forward to read your opinion about it.
$SPY on 30min Potential Cup and Handle Formation and Gap Fill SPY has been all over the place but this looks like a cup and handle jump to me! $418 here we come :) Not financial Advice. What are your thoughts? Thanks, Kelly
Yesterday's game plan went fantastic. We are officially in an uptrend (short term) minor correction of a downtrend. We can see a dip at the opening as it needs to cool off for the next leg up. Drips I'm looking at, the levels are 425.66-425.95; if this one slides, then will see 421.78- 422.56. Volume was there, and we saw a massive rally at the end of the day....
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially...
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially...
$SPY on 4hr Analysis of a Bounce $SPY has been fluxuating today and retracing back to a $410 range. From a previous date of an $410 range, on Feb.24th $SPY Bounced around $28 DOLLARS by next day, do you think that time is repeating itself for tomorrow? $SPY today -May 2nd, already bounced $10 dollars to the upside from a low of $405.02 What are your...
Hey everyone! Almost 1:1 fractal between the crash in 2008 and today. The scales have almost tipped. Stay ready. Just remember, be fearful when people are greedy and be greedy when people are fearful. It seems to me that many believe that the bull run is not over. Interest rates are increasing to counter inflation. Interest rate hikes slow down the economy. We...