SPDR S&P 500 AMEX:​SPY

AMEX:SPY is a STRONG SELL. AMEX:SPY has completed a 5 Wave Cycle and is in the midst of an irregular correction. Irregular Corrections have a phenomenon which Elliot called, "Double Retrace". Irregular Correction most often manifest after a 5 Wave Cycle with an Extended 5th Wave. This is an update to my original idea on July 27th, 2018: SPY-SELL-BUY ...

SPY closed last week at a very interesting place, SPY was able to make a higher low which is always a great place to add your support trend line. At the moment according to the candles formed we are looking bullish into thanksgiving, according to trend lines we could be preparing to break lower to make a double bottom at the lows of October which is a very strong ...

AMEX:SPY

very basic

WAITING ON MARKET TO DECIDE DIRECTION NOT MARRYING POSITIONS ON A HOLIDAY WEEK

Watching the S&P500 to hold the low of last week, otherwise we're looking down at the low of the October dump.

Ended up taking a small loss on SPY calls in the morning as I was quick to cut the loss as I realized tons of selling pressure as well as the break of support trendline in the morning of todays open. If anybody took puts at the open as I mentioned I would do, you should be sitting on some nice profit right now, I would lock that profit here as SPY is at another ...

Must wait for confirmation of bounce at 275 support level.

For now im playing this setup on SPX closed my short from 278 at 268 and longed at 268 golden zone, as of now i still feel a possibility for SPX to jump to new highs of 3000 before falling off as EW suggest this is the only way to me that i can count the 5th wave in a generally reasonable way, only thing stopping this is an algo which has pulled at the previous ...

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Hi friends! Welcome to this update analysis on the S&P 500, via the SPY ETF! Let's get it! Looking at the weekly SPY chart, we can see that price appears to be forming a possible head and shoulders pattern, as sell side activity rises in the market. In order to assess the potential for this pattern to complete itself, we conveniently have the 50 EMA (in orange) ...

We thought the downdraft in October marked "ABC" on chart was the correction. But... We got another pivot at the .62 Fibo, where B turned, now X turned again. Looks like we got a larger WXY wave. ABC was the W that formed first bottom. If this pattern completes, expect -33 on the ABC leg to approximate the X-Y leg. This would put Sand P down around 252. For ...

My goal is to create an edge. After Multi-Time Frame analysis, I have concluded that the S&P 500 is currently in a downtrend. When the market corrects, I will look for a short entry here.

SPY SPY has completed a 5 wave sequence. -Wave 1 & Wave 5 Extended -Correction Wave B went above the terminal point of Wave 5. -Elliot calls this an irregular correction and can be subject to "Double Retracement". Double Retracement corrects Wave 5 and then the whole wave sequence. I don't think we could see a double retracement due to economic conditions. ...

My attempt to count Elliott Waves Count on $SPY. Hope All Enjoy.

scenario 1: wait for break and close or break, close and retest of 280.5-281 for long position scenario 2: look for dojis/pinbars at 280 ish for shorts

2018 - basic outline for the year - as published here in my chatroom - Key Hidden Levels. I see "no gain" for the year as the market chops sideways and then musters strength for a move up next year as the full impact of the new Tax Law kicks into full effect, driving Capex, Buybacks and re-distribution of wealth. Time will tell, but given the extreme calls for ...

AMEX:SPY right now is in a volatile time with the rest of the US market. Although many indicators are pointing bearish, I am seeing this potential bullish scenario. The inverse head and shoulders would be a pretty big deal if it comes true. I would probably say a run towards the all-time high could happen. Here is the key: this IH&S is only proved false if we ...