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.
Strong performance yesterday and DEMA 200 is now in sight. With futures pushing towards 4500 we should have a good chance to test it this week or at least next.
Spy levels to watch for- the yellow 436.58 being the 0.5% fib on the fib speed resistance fan. and 423.63 being the 0.38% or (.25%) 440 is acting as resistance. if it breaks lets see if it can hold and go from there. could test 442-443 again. for my opinion and im racing the clock on this 15min edit window. if we dont breech and go lower we stay between...
Price is showing signs of shifting down. Took this short looking to gain 3R risking 10 points targeting 30. I expect price to take out yesterday’s low atleast but we shall see. I am not a financial advisor so trade at your own risk and always follow your risk management plan!
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
In todays analysis, I will be looking at and breaking down the reasoning for my incredibly bearish stance against apple as we will be looking at the weekly time frame in todays breakdown. To begin, we can easily use prior levels of S&R in combination with Fibonacci levels of retracement, which in my opinion give us a clear map as to what will occur within 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.
I was monitoring the SPDR S&P 500 ETF Trust (ETF) options market and the puts are dominating the options today. 2/3 puts, 1/3 calls and some important dark pool prints sells. My expectation is for a retracement at the $422 area, followed by a W shaped recovery. Looking forward to read your opinion about it.
SPY appears to be in an ending diagonal, like many other stocks, including AMD. I expect this to resolve with a double-bottom or a slightly lower low by February 18. After that, SPY will be set to set new ATHs.
The FUD induced sell off has come to a finish. The SPY showed that the 300 MA is a respected level of support by bouncing off of it Monday. This was followed by 3 inside bars. Multiple inside bars indicate consolidation, a close above that range in a downtrend indicates a trend reversal. A break below that range in downtrend would indicate continuation. The SPY...
these days the stock market is being really uncertain. After CPI and PPI news market was being roller coaster but today's SPY daily candle caught my eyes. Based on my TA market SPY, QQQ will be green. Let's watch how accurate will be my chart analysis.
Out look on $SPY. Could this be the beginning of a Bearish Winter? Not financial advice!
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...
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...
Combining Fib Extension to project the probable targets for 5th Wave top (if not reached already). Thanks!