$SPY continuing its last rally of the year. but starts to show its weakness in smaller time frame chart. the weakness can be visibly shows in smaller time frames showing the momentum of SPY start to curl down and volume of buyers starts to slowdown. respectably, although the it start to show some weaknesses doesn't mean its going to pull back. the stock is...
Esperando Noticias Nuevas Del Ómicron Y Alguna Conferencia De Prensa Para Informar Nuevas Medidas En Donde Pudiera Estar Afectando La Economía. Así Ayude A Regular Los Futuros Que Están Cerrando El Año A Máximos Históricos Y Con Un Aproximado 30% De Rentabilidad En El Ytd.
Spy broke down to test weekly, daily support, naturally, it held the day very well but I'm still bearish on this level getting broken and will be buying puts shortly.
Come back to this post in a week when the market is literally gone 0 zip zilch, mark my words or mock me in 1 week to a month, the tank is coming.
Trade breakdown: 1. Short at pullback around $466 with stop loss above $469. 2. PT @ $454. Good luck!
Well, we all knew it was coming and it is finally here. SPY Stochastic is showing it is coming out of an overbought condition. MACD has turned red. Sooner or later, fundamentals matter. The time is now. Selling calls.
Although the S&P 500 has been pushing hard for the last year, I think the omicron shakeout has brought a new short term correction. I have laid out the wave count in the chart. This was the 5 wave cycles of the intermediate wave 5 of the primary wave 3 (not highlighted here). This is also been confirmed by the EW channel drawn in the chart. I expect S&P to finish...
I understand that the market is waiting on the FED to speak however I believe that there is a Gap that is about to be filled and then the market will surprise me like it always has. I'm really just posting this to get an idea of what others are thinking
What are your thoughts? Will the spy break for all time highs?
-SPY has taken some hits as fear rises due to the new covid variant scare -These past 2 weeks are strong Red candles which show the strength of the bears -SPY bounced off the 9-day ema on the weekly chart clean this week we will see how it plays out next week -fib levels indicate that we will retrace back to the sweetspot if we break this support we will see...
Trend is your friend. I'd believe a break of the premarket high would invalidate the channel. Tight stop here. Good Luck.
The last hour will see if we hit the trendline either today or tomorrow. The last test showed a false breakout and even a false breakdown on the lower trendline. Good Luck!
This is a Monthly chart, kicking off 2022 may be a rocky road for some. This is a "shooting star" on a monthly chart with bearish divergence highlighted. Price has yet to "revert to mean" for such a long time. 1% risk 2:1RR Welcome to December!
Short $SPY CMP $436.58. Appears to be head and shoulder formation on daily chart. Rejected from long term trendline. Next support ~$420-$425
4 month spy forecast, featuring labels with potential entries and exits.(not financial advice lol)
Green lines are major support lines which cause them to be Potential profit targets where we can bounce the red is our stop loss This is a high risk high reward play especially since the market is booty rn BUT Below $459.28 is a safe zone Less Risk if you enter here
I like this down-sloping resistance and believe this falling wedge is the most likely pattern. The day will start green and maybe even break-through the trendline due to the first of month inflows via mutual funds. However, this will be a false breakout and come back within. The hourly volatility adjusted rsi is overbought. See you down 2% either today or tomorrow.