Expired SPY Weekly outlook. 5th WK MAY 2024Expired SPY Weekly outlook. 5th WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 529.44 Target Price: 530 | Strike Price: 531.28 MAY28 24' Upper Range: 551 Lower Range: 510 by putIQ0
SPY Summer PullbackThe recent low levels of liquidity may become more prevalent moving into the summer time as vacation time for many nears. I am also waiting to hear the decision from the Bank Of Canada as well as other major banks around the world about the start of quantitative easing and lowering interest rates as soon as June. The only problem with this, is the increasing value of the USD/DXY which may begin to strengthen against other currencies whom begin their devaluation. Because the markets are generally measured relative to the dollar, a stronger DXY may provide the market with some downside in the summer months. We do have some gaps (inefficiency) below at approx. 505-510 on the SPY. Interestingly or not , the golden 0.618 golden fib overlaps perfectly in these potential support zones. I do not quite see the larger probability of a major market crash during an election year at the moment, and the longer term trend is still bullish. Lets see how things play out by afurs11
The rotation from Tech to Oils has begunI've been suggesting this for a while but the accelerator has been pressed hard today. rotation out of tech (XLK) into oils (XLE). Has a lot of room to run.Longby WVS_Stockscreen0
$SPY way oversold now. we reeloaded 514-518 CALLZ for monday here after dumpin on thu pop this mornin. accumulation still solid too. Longby nobullshytrader0333
Opening (IRA): TQQQ July 19th 58 Monied Covered Call... for a 55.95 debit. Comments: Going monied here, selling the -75 call against stock to emulate a 25 delta short put metrics while having built-in intraexpiry defense via the short call. More patient people will probably wait for weakness ... . I'll generally look to roll out the short call on test or at 50% max/take profit on the entire setup as a unit at 50% of max. Metrics: Buying Power Effect/Break Even: 55.95 Max Profit: 2.05 ($205) ROC at Max: 3.66% ROC at 50% Max: 1.83%Longby NaughtyPinesUpdated 1
SPY bigger pictureI am going slowly short. SPY should make another leg down this week. Level of interest is 475-470 Lets see what Wednesday will bring, until then we should stay flat. From the lows of 470, we shall do the usual election run. target 548? Ill be updating this idea. by abigreenUpdated 222232
Opening (IRA): ARKK July 19th 41 Monied Covered Call... for a 39.64 debit. Comments: After taking off my 44 monied for a small profit, re-upping with a setup in the same expiry, but with a better break even. Selling the -75 call against a one lot of stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 39.64 Max Profit: 1.36 ROC at Max: 3.43% ROC at 50% Max: 1.72% Will generally look to take profit at 50% max.Longby NaughtyPinesUpdated 1
HydrogenHYDR has not broken out yet, but it’s threatening to do so, and I think it’s clear based on the preponderance of evidence that Hydrogen sector has bommomed.Longby Shammus010
Hydrogen ETFs breaking outYet another hydrogen etf that is breaking out of the “bear fib channel”. These sector etf’s originated at a recent localized peak in PLUG. All they have done so far is come down. Nobody knows what will happen, or how the prices will move when the sector sees real inflow for the first time. The governments are out there spewing hydrogen right now, and the ETFs are looking bottomy, and the stocks, although battered, are also looking bottomy.Longby Shammus010
Opening (IRA): TQQQ July 19th 53 Short Put... for a 1.77 credit. Comments: Adding a short put element to my TQQQ covered call on weakness.Longby NaughtyPines0
Opening (IRA): ARKK July 19th 39 Short Put... for a .77 credit. Comments: Adding a short put element to my ARKK covered call position on weakness.Longby NaughtyPines0
QQQ - Wave 5 underwayY'all gonna get rekt shorting this. Wave 5 underway. Might get another dip the next few weeks and then off to the moon. Targets based on various EW counts.Longby fb82Updated 9915
SPY - S&P 500 ETF Prediction May 31st 2024🔴 Resistance - 524 🔴 🚀 Target - 525 - 526 🚀 🟢 Support - 523 🟢 🚀 Target - 522 - 521 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION & EMOTIONS HAS NO VALUE IN THE MARKET Our motto is to help each and every individual to reach and achieve their financial goals across the world by empowering individuals with the accurate knowledge and skills necessary to navigate the complexities of the financial markets successfully. 💪 Please NOTE 👉 Levels shared are for intraday trading only. 🚫 Disclaimer 🚫 All information shared here is for educational purposes only, Please consult your financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you make. No Buy Sell Recommended 🚫 Request your support and engagement by like, comment & follow to provide encouragement CHEERS 👍by globuscapitasUpdated 778
Volume will be all selling on SPYVolume has been so low as traders look for a new all time high, but big money is about to pull the plug. Going into the weekend ted as a baboon's butt. Shortby SPY_Trader0
SPY evening star setupFor those of you who understand candlestick patterns, this is not news to you. The weekly SPY is setting up an evening star formation. It's a bearish setup on a weekly chart. More importantly, it should be noted as a false breakout (if we close near current levels)Shortby ForexAnalytixPipczar1
SPY Red Alert below 524.61 we need to look downWe have a Demark 13 weekly exhaustion count, 5th wave 1.0 extension on EW, negative divergence on the weekly MACD and failed breakout, if we don't close above 524.61 for the week then the market looks in troubleby bcjsin20200
UVXY 15min ScalpSPX will decrease in price from June 3->June 10/11. Were you aware? Now you are. What can you do? This is one option to make money while market declines short term. The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the performance of the S&P 500 VIX Short-Term Futures Index for a single day. The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the S&P 500 over 30 days in the future.Longby TheCryptoChartWhisperer1
QQQ still confined to the trading channel since 2010The blue trading channel has been a very reliable resistance since 2010. You can see the many times that it has confined price action, only being broken during the COVID bubble. My guess is that it will continue to be resistance. We will likely see a repeat of the action from 2015 and 2018 where price will slowly work sideways but ever so slightly higher with numerous pullbacks until we see a large pullback to the support side of the channel. Here is what the action looks like on the 1D. You can really see the price trying to break out, but as we saw back in April, it ultimately lost and we had a nice pullback to buy into. Longby Dr_RobotoUpdated 2
GBTC BarsGrayscale is following similar bar pattern fractal as previous 2 cycles and hitting resistance on major macro trendlines coming off the previous ATH. Nice steady uptrend since beginning of 2023Longby CBKWahooUpdated 9
SPY - S&P 500 ETF Prediction May 30th 2024🔴 Resistance - 524 🔴 🚀 Target - 525 - 526 🚀 🟢 Support - 523 🟢 🚀 Target - 522 - 521 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION & EMOTIONS HAS NO VALUE IN THE MARKET Our motto is to help each and every individual to reach and achieve their financial goals across the world by empowering individuals with the accurate knowledge and skills necessary to navigate the complexities of the financial markets successfully. 💪 Please NOTE 👉 Levels shared are for intraday trading only. 🚫 Disclaimer 🚫 All information shared here is for educational purposes only, Please consult your financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you make. No Buy Sell Recommended 🚫 Request your support and engagement by like, comment & follow to provide encouragement CHEERS 👍by globuscapitasUpdated 141411
SPY Short 3-8% Correction I Don't Think So Goo Long Bull RunThe correction??? In my opinion and chart theory suggest its time to go long and find the proper to stocks to be in Subscribe for update stock pick and the best sectors to be in so your not left behind!! as for todays daily chart set up I suggest calls at least a week out as chart indicates Goodluck traders like and subscribe as for members that listened and got in Baba ,3m, Pltr, & Tesla congratulations I woke up this morning up 10k took profit!! not that many industries where u make 10k over the weekendby JoeWtradesUpdated 2223