If we look at the DJI we can see that on the chart the current price is jumping WAY outside the upper Bollinger Band and the 50 MA is actually above the midline of the Bollinger Band. That can signal a couple things. 1st the pricing being so far beyond the upper band means is due for a sharp downward correction towards the Midline at best and to the bottom...
$SPY needs consolidation for potential H&S. Decisive break above gold TL may trend higher, or we'll see re-entry into zone. Will be adding a short lot near $410.48 level. Being mindful of this seasonal month so consolidation for SPY is crucial. Keep in mind, bank stocks kick off a new season of earnings in a few weeks.
It looks like a Head and Shoulders Chart Pattern is forming in the chart of SPY S&P 500 etf. Because I believe we are about to see SPY trading at the neckline of the H&S, I`m considering the following puts: 2023-5-19 expiration date; $389 strike price; $4.10 premium to pay. Looking forward to read your opinion about it!
I think SPY is nicely following the path to reach $348 by mid-2023 to form a Double Bottom pattern: My choice for puts is as follows: 2023-4-21 expiration date $375 strike price $2.79 premium. I plan to exit fast, won`t hold until expiration. Looking forward to read your opinion about it.
The AD is causing an ascending triangle on the 2hr chart I'm forecasting here, so give me a little rope. The AD is ascending (ascending triangle technically) to $407-$408 area. It's likely to retest the 3rd leg of the Eliott wave which was sold off. This rejection, can cause a bearish Head and shoulders pattern. look at wave 1 as the left shoulder, wave 3 as...
Spy today if open or push 396.42 then we can find buy / long and take profit at 401.38 but if the market opens below 396.42 then we can sell at market and take profit must be 391.44. all two scenario stop losses have to be $1 for each change of entry-level. If the market break 391.44 then the next level of support is 387.27.
Observing the daily chart, it appears that a head and shoulders formation has emerged, which may indicate significant changes on the horizon that have yet to be disclosed. This channel has persisted since October of last year, suggesting that a potential shift in market dynamics may be underway. Additionally, if this head and shoulders pattern holds true, it could...
SPY opened today within my "interesting zone" — an area with substantial gaps up down/left/right and a place where I had no idea what to expect. For a moment, it looked like we might actually break out! But a swift and final rejection of this zone on the last 65m seals the deal for me to sum up a bearish thesis. All signs point to more down as we seek liquidity...
The SPY looks like its in a rising wedge on declining volume getting ready to break down to 383. If this setup fails and breaks up, we can see 415 to 422 again. But I am bearish until invalidation. If this can hang sideways in the pattern a bit longer before breaking down,BTC can keep breathing and see the 29k area before selling off from the strong resistance near 30k
Day 5 of using Trading View's free plan, now connected to my Apex Trader Funding account for live data. Zones hit well for this morning's session, going to continue studying tonight about zones. FOMC this week... Fed balance sheet ain't pretty either!
Trade Idea We have three short/ sell points 388.55, 386.41 and 386.41. If we sell / short entry from 388.55 then the stops loss must be 389.99 points. if our entry from 387.29 level stop loss level maybe 387.77. our last trade entry point is 386.41 level and this level stops loss is 387.04. Our take profit zone is 383.69 and 380.69. If the market breaks 383.69...
$SPY on 1hour Pullback $SPY to potentially touch next target of new support $387.48 $SPY did touch previous support marked on my chart from yesterday afternoons charting as noted of 1st support. I do think spy has potential to still pull back more especially since today is what we consider quad witching if you were in the stock market around 2020 or...
A lot of resistance at ~24.5k, coming from a long-term channel since the ATH, and the local high of ~25k in mid-Aug. Shorting given a recent decline in volume and OI slightly declining at these prices. . However, upon doing so one must consider the bull/bear case that may play out. BULL : Nov. 15k was the bottom, and we may either be in a new bull market...
DESCRIPTION: In the chart above I have provided a MICRO ANALYSIS of the VIX INDEX which represents volatility in the overall US MARKET. This is a short term play for this week based on micro volatility cycles. POINTS: 1. Deviation in critical thresholds is 4 points a small adjustment from previous VIX charts published as volatility adheres to this more...
What is Federal Funds Rate? The federal funds rate is the interest rate at which banks and other depository institutions lend money to each other overnight on an uncollateralized basis. It is the interest rate at which banks can borrow or lend money in the federal funds market. The Federal Reserve uses the federal funds rate as a tool to implement monetary policy...
DESCRIPTION: In the chart above I have provided a simple MACRO ANALYSIS on current bond market meltdown where the US02Y dropped nearly 25% within FIVE TRADING SESSIONS. POINTS: 1. US02Y deviation is simple & marked at every 1% difference as bonds rise and fall within the same range percentage therefore it has a rubber band like price action relationship with...
I'm looking at SPY bouncing from previous week sell off, and returning lower with FOMC coming later next week.
The 2023 SPY S&P 500 ETF Price Prediction starting to play out: I expect a Double Bottom by mid 2023 and a rally to $436 by the end of the year. Looking forward to read your opinion about it.