Does anyone else think the S&P 500 is over stretched?
There seems to be some resistance overnight. Possibly looking for a pull back after the better than expected news. Get some sell offs in the morning and enter into longs. The key here is that the FVGs are broad ranges so there may be more risk in my trades today. Using a retracement tool and it shows the .5 is near the lower end of our play. Possibly being more...
At the start of last week, things didn’t look great for the bulls. There were several signs of weakness that could have easily led to a daily trend reversal. However, that didn’t materialize. Firstly, on Monday, buyers were able to set a daily higher low. Then, on Wednesday, they positioned the price very close to the previous two weeks' high. Finally, with the...
SPY has broken out of its downtrend and has broken through the swing high, will be looking for longs if the market taps the bullish zone.
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!✅
Looks good, hanging strong in that upper trend line. BREAKOUT soon maybe SUPPORT AROUND 515 RESISTANCE AT 524
nuthin goin on this week, therez 2 thing u never do, short thu market on uh holiday week and short thu market b4 PONZI TUEZDAY. everyone thats followed us over thu yearz shud know this by now. with that said, we'll b rollin into April 5 525 PUTS 2day and callin it uh week. just puttin in my 1 hour and i'm done. told my followerz yesturday i woodnt b tradin this...