AMEX:SPY Analysis, Key Levels & Targets for GDP Alright, y’all… WOW, what a crazy move to end the day today…. It totally blew through the top of the trading range. Tomorrow’s Trading range does have ATH’s in it. We also have GDP in premarket, PCE on Friday as well as Jerome Powell speaking on the last day of the quarter. Should be an interesting last two...
AMEX:SPY March 28, 2024 15 Minutes. AMEX:SPY continues to march up. As per daily 540-550 intact. in 15 minutes 200 average has moved up to 519 levels. Considering the last rise from 519.49 to 523.20 I will try to buy at 521 - 521.5 levels which is top of the channel and about 50% retracement for the last rise.
Hello,Traders! SPY is trading in an Uptrend along the rising Narrowing wedge pattern So we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Looks Like an Inverted HS pattern is forming on the 30min. Looking for it to reach $522 plus. What are your thoughts?
Bounce off golden pocket retest prior support turned resistance head for yesterday low
Follow/comment to get reputation so I can contribute in chat. After the move up last week from FOMC, we were due for a retracement. The green levels below are FVGs (Fair Value Gaps) that were within different time candles that overlapped. This also shows a bullish flag pattern (typically don't use that but it can help with describing the type of consolidation)....
Yesterday offered a retest after a break of all time highs. As long as we hold this level, hold off on shorts. I'm looking to grab SPX 4250C for Friday. I'll take an early entry and lock in a fast 40%. Nice Play. Nice Day.
AMEX:SPY March 27, 2024 60 minutes. As expected 518 has arrived. Long is only above 524.5 levels. For the rise from 508.6 to 524.11 AMEX:SPY has retraced 38.2%. At the moment it is below 9 and 21 averages. Exactly sitting at 50 averages too. Since 100 and 200 averages are sloping upwards I expect strong support around 515-516 levels which is 100 average...
RSquared basis Late October and early January now around .95. This degree of complacency would likely be followed by a correction, possibly severe. The rsquared .935 basis the March 2009 low also potentially troubling.
Found a repeating pattern starting to form. 2/21 bull flag to full form on 2/29 and bounced off the $504.50 support and continued to run for a couple weeks. A few key things to look out for to confirm a buy for me: - PA hits $519.50 and holds - Wait for squeeze meter bar to engage (Black plus sign) - Holds trend line Just a reminder, we are hitting ATH on ...
✅SPY is trading in a narrowing Wedge pattern in a strong uptrend So I am bullish biased and I think That we will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
With no catalyst for the market until Thursday and Friday's economic reports, we may continue to consolidate along the 5-day MA with low volume today (Tuesday) and Wednesday. However, I'm slightly bias for a bullish move to the previous high this week for two reasons. 1) According to the 30 minute chart, we have a lot of nested inverse head and shoulder set-ups...
With no catalyst for the market until Thursday and Friday's economic reports, we may continue to consolidate along the 5-day MA with low volume today (Tuesday) and Wednesday. However, I'm slightly bias for a bullish move to the previous high this week for two reasons. 1) According to the 30 minute chart, we have a lot of nested inverse head and shoulder set-ups...
AMEX:SPY March 26, 2024 60 Minutes. In daily and in 60 minutes we had the 524.11 bar as a sell bar because the close was near the low of the bar. Hence buy is only above 524.5 levels. In daily the 9 moving averages and in 60 minutes the 50 moving averages are around 517.5 levels. I expect 517 to 518 as a strong support around 516-517 levels. In 15 minutes ...
Spy is looking bullish at cmp. Targets were discussed in spy weekly. This is a swing trade with SLs 513 hourly candle closing.
There's a possible nested inverse head & shoulders, meaning, that the bulls could be building sufficient liquidity to overcome the 52 week high. Look for strong rejection from higher support levels with confirmation on smaller time frames. If this becomes bullish, it will will be a great move up considering the nice Fibonacci retracement (pullback) at 0.382,...