Traders, We have been batting 1000 lately when it comes to the SPY. Might as well make another bold prediction. It would seem that the greatest probability of price action is outlined in the chart. An inverse H&S is forming and the right shoulder has yet to start. I predicted the target down from the last H&S pattern to be 410. That was hit, almost to the...
Still in a downward trend and entered in that bearish weekly FVG. Looking to possibly add to position. Target is the previous lows or bullish Weekly FVG. Looking for this trade to play out by the end of 2023.
The SPX is showing 4 variables that suggest the price will drop. In our trading strategy, when an asset that is showing 4 variables in the same direction, we take the trade. As always the SL is one that as of right now makes sense, we will update if something changes. The 4 edges (Variables) that suggest downside: 1. Confirmation of old channel as...
Please understand the price action and the trade discussed and then act accordingly. If you don't understand or you are not sure sure feel free to message me. NOTE:FOCUS ON RISK REWARD
CME_MINI:ES1! AMEX:SPY SP:SPX CME_MINI:ES2! CBOE:XSP Closed my spreads at 100% today. Another successful day if you read some of my Minds on these symbols. The market is looking for higher prices for the rest of the week short term. Daily targets: 420-422 See you soon traders.
Following my previous S&P 500 post. Price has broken through the support level. Depending on how Mondays closing candle looks I am debating entering a short position. If we have above average selling volume and a strong closing candle I will take a small short position and add if price continues to fall. Low risk and potential high reward.
As I've mentioned in my previous analysis, I believe we're at a market top (Despite Tom Lee calling for new highs). There's nothing positive for markets looking forward, therefore I think markets will finally price in all of the raise hikes and the poor economy. I think we may see one more high, however, if we do, I believe it'll result in a rug pull. I think...
1. Less Bearish Scenario We have a 1-2 1-2 with the impulse wave 3 down in progress or still to come. The difference between the 2 scenarios is the higher timeframe. In this less bearish scenario, this move down is part of the primary wave C in the correction that started Jan 22. Once is done a new cycle will begin. 2. Bearish scenario In the bearish...
Unqualified prediction: SPY looks to be rolling over on the 1hr with multiple historical zones of support and resistance overlapping in a concentrated range (specified in-chart.) This in a TA sense would indicate a potential fight between buyers and sellers for control of price action, but macroeconomic fundamentals and geopolitical concerns, as well as ER...
It's hard to pick a direction lately, but this 4 hour bear flag into prior support just screams bearish. Will it be a trap though?
Hmmmm. This doesn't look too good for ES if I'm being honest. I am currently short as of this morning.
ES Hourly Analysis - Bull Flagging into 4400 Price action was quite choppy today and was hard to read. When that happens, it's best to just step away and let price paint a picture for you over a period of time until the direction is clear. That is exactly what ES has started to do. On the 2-5 minute chart this looks like a mess, on the hourly, it's painted a...
Looking for the SPY bull flag to gap fill this week.
FOr longterm traders or options trading. This idea base on retracements and Break of structure on selling side. Trade at your own risk. This is not a financial advice. We might see SPX500/SPY 418 or 433$ first before it will fall again.
AMEX:SPY is now at its support on the Weekly Chart. This support, around the $420 level, is the last major support before we would reach the next target (Pink Box). The Pink Box is the Median Line of the Downwards facing Orange Pitchfork. Alan Andrew's states that 'price has an 80% chance of reaching the latest median line'. In order to achieve that 80% rule,...
This was Intra day trade and I posted this on X. Irrespective of where price goes I have already exited from this trade @423.
Expired SPY Weekly outlook. 1st WK OCT 2023 > NEUTRAL 📊 CORRECT Closed Price: 427.48 Target Price: 426.13 | Strike Price: 420.48 OCT3 Upper Range: 442.65 Lower Range: 409.61
Based on what I see, tesla is approaching the right side of the head and shoulder. and roughly gauging the current economic uncertainty and considering tesla's correlation to the market. I think tesla has high probability of reversing down towards 245 by the end of this week.