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....
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...
⭐7.86 Fib Mounted as strong support confirmed by a significant amount of volume (425) This support is valid by the VPVR and Bullish Divergence on the MFI. ⭐6.18 Fib Support mounted with large volume. This support 435 is valid due to the large VPVR node + volume. ⭐446 Resistance confirmed by VPVR and selling volume + Ichimoku Cloud Resistance. ⭐453 Resistance...
Just set my sell limit. Price has made a new swing low and will likely pullback into the 15m order block and make a lower swing high in comparison to the previous one. We then enter there and target a newer swing low. Goodluck and have proper risk management!
I believe we will drop to atleast $400 in the coming weeks/months. Be careful as volatility is at an extreme. Goodluck everyone!
Using an indicator called Parabolic Glitter Similar points of reclamation of trendline are indicated in green rectangles Up trend is in Orange The parabolic glitter indicator shows the comparable drops and rises back to the trendline in both situations
I believe that SPY is bearish. Apologies if the chart is messy, I created it on phone.
SPY had been on this strong up trend since the COVID plummet in March 2020. On this chart you can see how it broke the regression trend to the downside. How low... can you go...? Notable things to watch: - The gap that MAY! fill at $400 that can be seen on the daily & weekly time frames. - FOMC this week; for shits n' giggles. - Short term outlook - on the...
The SPY S&P 500 ETF wend down after the huge amount of puts that i noticed last week: Now i am considering a W-Shaped Recovery to $470 by the end of Q2. The Ukraine invasion was price in at $410 and the interest rates will be lower than expected due to the war. Looking forward to read your opinion about it.
Hello traders, here is my analysis for the SPY. Looks like a WXY correction to me. There is a gap that needs to be filled at SPY 400, and I believe that we will do this. Also, at that point W=Y, so it will be a beautiful symmetrical correction. Good luck traders.
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...
TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you. Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my Day Trading of 6 years of Trading Volatile current market , examining market patterns ,...
TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you. Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my Day Trading of 6 years of Trading Volatile current market , examining market patterns ,...
Hey Everyone, in this video we discuss the large swings we expect for 2022 and what might be setting up for the next few quarters on the stock market.
markets.businessinsider.com Looking at the chart you will notice SPY has been trading flat for around 50 days. SPY has never done this before (rare). Very heavy price consolidation = breakout soon During an uptrend, the RSI tends to stay above 30 and should frequently hit 70. During a downtrend, it is rare to see the RSI exceed 70, and the indicator frequently...
The Middle Gann line is of interest in this case I propose an ascending broadening wedge to form above the middle Gann line This is shown by the bars pattern placed The 50MA is an area of support The above idea can be applied to this ticker It seems far fetched but when COVID is compared to other drops in the market, COVID outweighs them all, yet we receive...
What seems to be a reversal on SPY begs the question, will this uptrend be sustained or reverse back to the downside? I believe we will see a sustained uptrend for the time being given signals from my indicator For those that trust their TA more then mine(to be expected) I have applied a fib retracement for resistances to watch I will now list the signals I am...
We all know what they do best - print like there is no tomorrow. If 430 level hold and is bought, we will get out rally. Every guru and their subs are long to their teeth. There is cash on the sidelines. If that cash sees this as a double bottom buy the dip opportunity - to the moon we go. If this dip is not bought, look out below. 2hr shows a death cross...