This is the analysis for SPY FOR THIS WEEK. I have discussed my shorting levels clearly. Trade safely, confidently and dont gamble. NOTE: I WILL SHORT AT THE LEVEL DISCUSUED IN THE ANALYSIS & NOT BEFORE THAT
4h chart closing below the cloud and Kijun and Tenkan lines crossing down in the daily.
Introduction: In recent news, renowned investor Michael Burry has made waves by executing a massive short of the SPY (S&P 500 ETF) and QQQ (Nasdaq 100 ETF). Burry's move has garnered significant attention, raising concerns about the future performance of these major USA stock market ETFs. This article aims to provide traders with a cautious analysis of the...
The AMEX:SPY Chart is currently displaying signs of bearish harmonics, a pattern that may suggest a downward trend. Specific downside targets, along with the stop-loss (SL) value, have been detailed on the chart for your reference. Please proceed with caution and trade safe!
This is the weekly analysis for SPY and what I am expecting from market. NOTE: MARKET LOOKS TO GO DOWN
AMEX:SPY approaches supply from 2022. We have a solid rejection candle and have closed last week below the supply zone. Reversal is imminent - supported by heavy absorption of buyers at the ask on the cumulative delta volume chart.
If we get above the threshold - real chaos could ensure. Watch this level.
Looking at the Monthly #spy AMEX:SPY iam looking at the possible top for this year with targets marked.
SPY potentially could be in the beginning stages of a Wyckoff Distribution phase. Predicting price to gravitate between golden Fib zone for the UT & eventual UTAD before price falls in line with trend line ~320-330
On the weekly chart SPY is close to some resistance pitchfork lines and the RSI is approximately in divergence with the price (the price high although lower then the earlier high it's still high relative to how the RSI high is in relation to the earlier one). On the daily chart the price is close to resistance pitchfork lines and the the RSI reached a resistance...
AMEX:SPY Range $430 - $427 possible on the downside till Tuesday the 27th and then we take another look. Leaving Gaps to the Upside we can fill at a later date.
Ouch! That doesn't look good. Today opened with a gap down that bulls failed to completely close. Now here we are after close threatening a particularly nasty looking head and shoulders topping pattern right off my diagonal supply zone. I don't like this at all! That gap above at 437.25 is going to be problematic for the bulls after the failed fill today. Fill...
SPY potentially could be in the beginning stages of a Wyckoff Distribution phase. Predicting price to gravitate between golden Fib zone for the UT & eventual UTAD before price falls in line with trend line ~320-330
So, as I stated before, when spy was around 429, I said resistance is at 438 and low and behold not only did it hit 438 it actually went to 439 and that’s when I began to short the market. Remember be early to the party do not be the last person there Clearly what happened yesterday was not because of the fear speaking it was just something that was bound to...
Howdy folks its been a while, Wanted to come back and let all you good folks know that this is the top, the range that we are in is the top. I've been conflicted in my self confidence of decision making when it comes to trading and has been a shock. Almost like I lost sight of who I thought I was, that hurt my ego. We are not our ego though? We think we know...
SPY has reached the .618 Fib retrace level and we are definitely at a crossroads. If price break through this level and flips resistance into support, then the macro measured move on the monthly, puts price in the $700s. If resistance holds then we have a measured move to the $330 level, before hypothetically resuming this trend. If resistance holds and we...
Please don't get caught in the storm. scroll down to my previous postings about witching data. on the 13th we have FOMC data releasing as they have been inclined to pause interest rate hikes. however CPI data is released at 830 pre market. the crazy thing is over the past 3 CPI data releases Spy barely moved I remember almost all of last year when CPI released it...
United Health showing signs of weakness... ***Easily the best Wyckoff Study case we've seen in a while.*** Here is what we're seeing with Wyckoff Distribution