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...
Showed to be overbought, broke out of resistance with no overbearing candles and only baby candles, I'm expecting a drop to around the 78.60% Fibonacci level
Inverse ETFs of $SPY VelocityShares Daily 2x VIX Short-Term ETNThe investment seeks to replicate, net of expenses, the returns of twice (2x) the daily performance of the S&P 500 VIX Short-Term Futures index. The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the...
Price is at the major HL on the daily and as long as price doesnt break it we are still in an overall uptrend and this is your best buying opportunity. if price does break tho, then you can expect it to about $314 next
Key points The DXY may bounce on resistance as shown Oil may bounce on support as shown Bonds remain unchanged as shown Need to gauge Asia's reaction from our sell off today for confirmation on tomorrows trade For those that don't understand intermarket relationships. From left to right and can start at any point. Currency ------> commodities...
September 28th Resistance/support will intersect and we will see downwards movement into new territory. The risk vs reward for shorting is much greater than going long at the moment. Short term Bearish/neutral Medium term Bearish Long term Bullish I believe we are setting up another Jan 2018 OR OCT 2018. Red arrows indicating heavy...
In my philosophical view, humans tend to always need an "answer" for everything in life. Historically we created gods to explain the unexplainable. That's not to say that i am an atheist in my religious view, nor am i trying to make this a religious discussion, I'm purely commenting on human nature. We are a curious species and we learned to not take "no" or "i...
Hello traders, Description of the analysis: SPY support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options....
Spy is recovering from the good ole corona's leaving us with a huge opportunity right here. IF spy breaks above 340 we can easily hit 350 within a month after the break. I got myself some September calls for spy and will hold.
Some description: A) A break below is a short term sell signal targeting 3032/30 - 3025, perhaps as far as 3015. The first resistance is at 3100but shorts need stops above 3120. B) A break above the 3156 high this week targets 3160 and 3185, perhaps as far as 3200. Good luck trading!
SPY has had a few dips in the past, all however have led to the continuation of a bull run, recently price has dipped, price will most likely continue trading against the 1 fib line for some time before the next dip. Green fractal indicates continuation of this trend.
Falling wedge and bullish divergences on the RSI. In general this should play out to the upside as much as it pains me to say it. The RSI divergence starts to wash out at about the 4H and is definitely not there on the daily. AND keep in mind SPX and ES did not fill the gap today. There's a dislocation between the SPY and the other two based on the dividend they...