Expired SPY Weekly outlook. 3rd WK MAY 2024 > BULLISH 📈 CORRECT Closed Price: 520.84 Target Price: 524 | Strike Price: 528 MAY15 24' Upper Range: 532 Lower Range: 516
SPY is trading at a key resistance level, the white resistance line that has consistently provided strong rejections for the S&P 500. I am taking a short trade setup by going long on SPXS. Price targets: - Red support zone between $469 and $477 - Red trendline around $433 (price increases over time since the trendline is sloped upwards).
The S&P 500 been gradually breaking downwards since peaking in July. AMEX:SPY has reached the bottom of this red parallel channel last week. This is a key support level that has been providing strong support, and I think SPY bulls need to defend this price level this week. The RSI is oversold so the conditions are good for a rebound here.
📈 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 =...
Looking at the daily timeframe on $SPY we have some room to run on the upside. It's important to note 1h/4h timeframes are in overbought territory so the price could retrace temporarily before proceeding higher. The ball is in the bull's court... Also, with energy prices continuing to show bearish momentum this is a positive sign of the equity markets.
The daily timeframe looks like a bullish reversal with increasing buying pressure into Friday's Market Close. The plan is to monitor for bullish continuation early this upcoming week after markets return from July 4th Holiday.
I think SPY will either trade nearly sideways or slight drop due to trend and resistance/supports Like for a like! I am trying to build some rep points. Thank you~
The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the S&P 500 over 30 days in the future.
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
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...
New Highs for SPY, big sell of on TLT (bond yields increase) DCJ
Happy Holidays! After seeing the AMEX:SPY hit ATH last week, some wonder if the flame has just been lit or if it's being put out. Will the market hold strong into the New Years' or will it start a correction as Biden makes his way into office. Right off the bat, I see a few key levels to watch starting with $363.22 as Monthly support and $365.73 as weekly. We...
Daily Technical Analysis on $SPY SPY , thumbs up if you approve. Levels: - Support(s): $343.14, $$350.8, $351.87 , $358.69, $353.875 $251.87 - Resistance(s): $354.42 , $358.69, $360.66, $362, $364.87 DotcomJack | Daily SPY
Daily Technical Analysis on $SPY SPY , thumbs up if you approve. Levels: - Support(s): $358.69, $353.875 $251.87 - Resistance(s): $360.66, $362, $364.87 DotcomJack | Daily SPY
“There are enough trends out there, established by Covid, that just say, ‘Get long,’” CNBC’s Jim Cramer said on Monday. The “Mad Money” host said that strength in the tech sector is likely to support the market, regardless of the election outcome. “I think there’s a genuine belief that it doesn’t matter who wins. It doesn’t matter about stimulus,” said Cramer....
Holding 22 shares of TVIX to hedge market atm. Will be looking to grab more after we test & come back down from $311 DotcomJack
Rising Wedge looks to be complete, we should be looking to see some more downside movement. If this picks up we may see the "3rd Wave"