Spy report for Monday Pushing or opening above 391.49 will go to 394.73 if the price closes above 394.73 prices will shoot to 402.79 breaking 385.26 prices will shoot to 379.58 and closing below 379.58 prices can reach 368.29 closing under 363.94 market will collapse that is IF WE DO then we are looking @ 290 to 295 on SPY for Final Target.
On March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting. On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come...
If we held above $400 it would signal a larger move up. Likelihood of that happening is quite low in my opinion. With a big week of low expected earnings, possible negative news coming from Powell, and many companies looking lacklustre with weak guidance, I expect that we can see a strong rejection of the $400 level. Closed one put already from $399 to $396 and...
Looking at current trend $SPY can hit $114 in coming week
we got rejected for the 5th time at our bearish channel, if we don't clear that channel above the 400$, is means we going to have a test first for the support above the 355$ then to the bottom price around the (320$/340$) . on the other hand if we broke that channel , is means that will be the first sign for bullish reversal , and the second signal which is the...
📈 What’s up investors! 📉 Welcome back to another one of 💡“Mike’s Ideas”.💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: ⚪ White = Entry Point 🔴 Red =...
U.S. stocks tend to rise during the Santa Claus rally period. The Santa Rally is considered the last five trading sessions of the year and first two of the new year. Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%. My price target for SPY is $384. Looking forward to read your opinion about it.
Such a clean OBV backtest breakout of November Highs, bouncing off the channel support. Looks like a clear Wave 2 down and now we head for Wave 3 up. Just really feeling this chart.
Green indicates Bull Thesis Red indicates Bear Thesis We have seen a rejection from our well-respected channel that began at the start of 2022. Best Case Scenario (Bulls) Dip to lowest point around 3800s, then retest previous highs of 4180. Best Case Scenario (Bears) Dip to lowest point around 3600, then slight leg up towards 0.5 fib around 3800, reject 3800 leg...
If you haven`t shorted the Bearish Flag Chart Pattern: The U.S. Bureau of Labor Statistics will release Consumer Price Index ( CPI ) data for the month of November 2022 on December 13, 2022, at 8.30am ET. The rate of inflation is the most important data that will impact the Fed’s coming rate hike decision. Now looking at the SPY options chain Ahead of the CPI...
SP500 Weekly Volatility Analysis 5-9 Dec 2022 We can see that currently the implied volatility for this week is around 2.64%, down from 2.82% last week according to VIX data With this in mind, currently from ATR point of view we are located in the 56th percentile, while according to VIX, we are on 25th percentile. Based on this, we can expect that the current...
After the Midterm Elections price target was reached: Now the S&P 500 Etf SPY is ready for a breakdown from the Bearish Flag Chart Pattern highs. In the light of recent unemployment data reports, i would buy the $387 Puts expiring 2023-1-20 for $4.89 Premium. Looking forward to read your opinion about it.
- on the weekly chart : the price reachd the SNR level - on the daily chart : the price show a regection from the SNR level and good red canddle indicates the continue of the down trend - best move : sell
This is what I see if/when the recession kicks in completely and we reach that 2008 recession bear market. 50% pullback still leaves about 30% or so left from here to the downside.
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 corresponding to the weight of such stock in the index.
I am short on this but what the hell do I know. What are your predictions?
If you haven`t noticed, our Midterm Elections price target was reached: Now besides the technical bearish flag chart pattern, if i look at the SPY S&P 500 ETF options chain, i would buy the $376 strike price Puts with 2023-1-20 expiration date for about $7.56 premium. If the options turn out to be profitable Before the earnings release, i would sell at least...
In a downward channel, there's been 3 solid attempts to break pattern. A market reaction to a stronger Democratic result will test a low again, then there could be a Santa Claus rally as, perhaps, prices come down to offload inventory? Perhaps. Then at the beginning of the year,which have started poorly the last few years, could follow suit as well. This would...