TICKER:$SPY We closed friday with a big red day; Largest red day since October 1st of 2019. This is due to the financial sector (XLF) topping out at the all time high. Next week is a very important week for the market. FOMC is on Wednesday in addition to tech earnings ($AAPL, $AMZN, $FB, $MSFT, etc...). I expect high volatility this coming week and depending on...
Hello My fellow Bears, so before I share my thoughts I want to just tell you that shorting the SP500 was not a good Idea. Major Uptrend Longest Bullrun in History, Fed pumping liquidity , Stock Majors Buyback Excess and Trump Tweets. And by the way the Oval Office released a note that there will be a 11 am EST an Pressmeeting - just right about the overnight...
SPY has had a few dips in the past, all however have led to the continuation of a bull run, recently price has dipped, price will most likely continue trading against the 1 fib line for some time before the next dip. Green fractal indicates continuation of this trend.
IF SPX goes above 3160. This count is invalidated. Red box means shorting box.
By looking at the weekly and applying a Fibonacci measured from the pre-2008 crash into the 2009 low, we can create future price targets. Isn't math neat? ;) You can see the 1.618 level held as strong resistance before finally breaking through upon Trump's sweeping electoral victory. The next target is 2.618 or roughly 3040. Indicators are bullish and prices...
insane bull flag created no idea why so many bears with the bla bla of a drop chart indicated buls in control daily rsi crossing and now rettesting the support this it 294 293 support bounce need to happen from here if no change to go under 290 area a break into 302 or 299 will indicated that spy will go for new highs
spy been dripping the marked and dropping all the stocks with him now spy is at 293 in a ossible bull flag a major move from here will make all the market fly the mj cannabis etf is also at atl again about to bounce agressive in any time most indicator show exhasted drop may be it the big pump lets seee was expecting bounce at 5 or 4,80 but looks like 4,60 4 coe...
Market open will select the trend direction, just follow it. Long or Short SPY after market open 30 minutes.
From the indicator, it seems tomorrow SPY will be UP
4H chart, it is 2nd sell signal & 3rd signal sell at the same time
Some people think we will see a big sell off on the SPY, I think also we will see some selling pressure increase, so here are some targets to look for as sellers maintain pressure. I would look for bull divs on the daily time frame to play any short term bounces. You want that EQ of the channel to hold if it does go back into the trading range. If it breaks, look...
Today July 5 2019 You could have bought the SPY 070519 296.00 PUT at $.14 and a little over an hour later sold it for $.49 for 250% profit. $1000.00 invested at 9:30 am eastern time becomes $3500.00 by 10:45 am eastern time. $2000.00 invested at 9:30 am eastern time becomes $7000.00 by 10:45 am eastern time. $3000.00 invested at 9:30 am eastern time becomes...
The technical analysis that I ran this morning on the S&P 500 look as if it can be headed for a correction. Looking the history in the recent months the Elliot wave theory can be applied on the recent uptrend of the index. With the dip in May-June it looks as if the SPY may be going into an Elliot wave theory correction. Also looks like a double top reversal...
Pretty much just long $JNUG and watch $OILU for potential moves early morning. mostly watch USOIL for drops and long JNUG
SPY 50% Crash Looms S&P500 Index is a benchmark for the US and global equity markets Historial 10 Year Bullrun posted 300%+ gains Technicals show top forming since Jan 2018 Fundamentals align for recession: US-China Trade war, Gov Bonds rally, USD continues strong, Treasury Yield Inversion, Minimum Unemployment Bears target a 40-60% retracement ...
Text book elliot wave growth, text book AB correction, now only remaining the the text book C decline after the text book CB triangle. Can not find a more text book case in book texts.
Map these Elliot Wave points and combine with Fib Retracement / Fib Trend Retracement. You will find text-book hits on text-book fib levels. I cleaned all of this away for a better final movement view, which is: A retracement towards 0.618, but fundamentals might shake things up! Down it goes nontheless.
History repeats itself, both on RSI, price action and even volume trends.