$SPY Analysis, Key levels & Targets
AAAAND I’m long here…
I sold AMD 62, Amazon 107 and XOM 81 for next week, I also sold Uber 25.5 and I sold UNG at 21 because I am a Nat gas trader, and I also bought 350 spy January calls sold next Friday 379
There you have it… I’m long, but I know we can still go lower but I feel comfortable here…
Let's dispense with the Master O' Obvious stuff straight away.
Pick an Adjective - it won't rhyme with Bullish.
It may, however, be cringeworthy.
NQ below 200 W SMA.
What lay ahead remains up to 3588 for the ES Futures, *Note the 200SMA Weekly is just below
this most important of level @ 3585.55.
Powell - simple... NO...
Hear ye hear ye! Thy SPY chart needeth to drop down to 300. Okay, enough of that. SPY is likely headed down from here and here’s why: For starters, the weekly MACD has had a signal cross failure which is something I’ve been on the look out for since May per the linked idea below. This MACD red alert following on the heels of a head and shoulders with a...
First thing i want to say is we've had a crazy month and anything is possible so dont take any of my ideas as financial advice. im only 16 with 2 very crazy years of experience.
1. . My first idea, and the one I believe in the most, is that we will bounce up and test the 389.46 level, and with all of the events leading up to that and October being right around...
The Stoch-RSI is almost 0 in 1D, my Irreversibility algorithm is forming a divergence and MFI in 1HR is increase and the most important, the Diagonal in white (Pitchfork) which touch the price on 17/Jun, It is touching again .
Just to recap that after flipping into a (bear) rally, a back flip pushed the SPY further down from 13 September.
The past week was absolutely stunning...
from the SPY daily chart, the week started with a nice rebound, post-gap-down from the previous Friday. Then once the FOMC made their announcement, the SPY just gave way to lower lows (as earlier expected from...
Hey all, I closed out of virtually every short in both the accounts I trade on. There is an extremely high likelihood of a bounce, and likely a sharp one in the coming days. This does not mean we cannot go lower first- heck, I closed out of a lot of shorts yesterday as well, but now that we're even more extended, I'm even more so confident that it's a solid time...
The red dotted lines from peak are cloned from previous peak in March. It gives a projection of slope duration and price move down from peak in August to give some predictive expectation of price if it repeats previous. Fib lines are important and the .618 line at $387 being lost will be the next expected move up and then fall further to $335 area by Nov. 2022....
The world said it’s on like Donkey Kong! So much to unpack but not today it’s been a long week and I’m tired. Just wanted to post this massive inverse cup & handle. I hope you all made profit this week next week we’ll try again no matter what. Hope you all have a great weekend I will be back Sunday, time to relax. Let me know what you think about the pattern. As...
So after the trading day Friday I was minding my own business and ran the next week projections and wouldn't you know it, an old friend decided to pop back on the screen.
Which old friend was that?
$355 TP.
Now the last time this friend popped up in my projections, he let me down. We were never quite able to visit him because, alas, he was just so close, yet...
AMEX:SPY
Possible Scenario: SHORT
Evidence: Inverse CUP&HANDLE on the weekly chart.
I see an Inverse cup and handle, which is bearish; APPLE lost its crucial level at 150$ today, which will go down for sure and bring the entire market down, the EOD rally was weak, and bulls couldn't capture any significant critical level.
SHORT TERM: Because charts are...
My cycle patterns suggest a rally phase is likely over the next 7+ trading days - but, the trend is very bearish today. It is almost as if the markets are flushing out stop levels - actively seeking a support level near the June 2022 lows.
It will be very interesting to see how the market ends today. If we see a big recovery rally into the close, it may support...
SPY has finally arrived to the June 17th, 2022 lows to form that double bottom (Yellow Circle). At the close of day on 9/23/22, SPY formed a hammer candle on the daily timeframe right atop the demand zone . On the weekly, SPY hovers closely above the 200 day moving average. Also, I have noticed that SPY has a MACD crossunder on the weekly timeframe . In contrast,...
SPY daily bullish hammer at strong support. My concerns are countertrend, retest gap with previous candle, shouldn't rise above wave 1 of wave 3 of the current trend. Stop loss below local lows, take profit at new resistance.
Also, selling put at market $360 strike June '25. With a current price around $40 per share I'd love to own SPY at $320.
Wow! Awesome follow through on the weekly chart as all of our monthly targets were hit! We explained why the monthly inside candle was such a good target at the lows. Now there is something more concerning, and I drew the Andrew's Pitchfork for you and you can see that even though we are not under the June lows, we are under a major geometric level and that is...
SPDR S&P 500 ETF Trust is an Exchange traded fund. The fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The S&P 500® Index is composed of five hundred selected stocks. SPDR S&P 500 ETF Trust was founded on January 22, 1993 and is headquartered in New York, NY.
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