SPY plan for the upcoming weekSo, facts: 1) 500-503.50 zone is the obvious resistance for now 2) 21EMA is a solid support at this point 3) 490 is quite a good support 4) 8EMA - not sure if it will clearly hold the price next week. 5) 494-496 - potential support zone for building another Higher Low What I expect: 1) One of the scenarios for me is the price confirming one of the support levels - 8EMA or 494-496 zone, then try to break the highs (503.50). 2) An alternative scenario is losing 8EMA and moving lower to 21EMA and 490 level. Now, my primary job is to watch and wait for the price reaction to the levels.by ivanistrading2
$SPY February 19, 2024AMEX:SPY February 19, 2024 15 Minutes. 498.5 was protected and 503 was not crossed. For the day I will consider 2 rises. 490.72 to 502.86 and 494.4 ad 502.86 498 +- 0.5 becomes crucial today. No trade day today. I will watch for a setup to emerge. Holding the longs still and will close if 495 is broken on the downside. If AMEX:SPY is between 497 and 503 today then I will be convinced that 504 could be taken out this week. Once 495 is broken I will look for short for a target 490-491 levels being around 200 averages in 60 minute chart. This is also 21-day support daily. 490.72 could be an HL if held., and hence becomes crucial to hold.by RiderTrader111
SPY: Will Start Falling! Here is Why: The price of SPY will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals113
SPY 2024SPY projection for 2024, we see an accumulation range between 520 and 450 to target 600. Longby alexpv732
$SPY Critical Weekly Hammer Bar - WATCH 490.72This is the last straw holding the bulls together Watch LAST WEEKS low 490.72 if this breaks HIGH CHANCE of a PULL BACK I will be hitting them with PUTS - LETS GET IT DROP A LIKE by tradingwarzone5
Expired SPY Weekly outlook. 2nd WK FEB 2024Expired SPY Weekly outlook. 2nd WK FEB 2024 > BULLISH 📈 CORRECT Closed Price: 501.2 Target Price: 503 | Strike Price: 503.30 FEB16 24' Upper Range: 510 Lower Range: 497Longby putIQ1
BBTC STRATThis indicator marks out majority Algohub concepts - which will help your system become fully mechanical if it isn't already. Here are all of the concepts and features included in the indicator: Timeframe - You can select the timeframe of the indicator (has to be higher or equal to the chart timeframe) - Min option is the minimum timeframe to show the indicator. If you show daily structure on 1m chart, you can run into a timeout error so keep it close to the chart timeframe. Structure The structure is calculated using a combination of candle patterns (ie. pivot top = Bullish x3-Bearish-Bullish) and pivot points (from strength 1 to 3) and marks out circle labels after a new HH or LLby only1Angel2
SPY Set To Fall! SELL! My dear subscribers, SPY looks like it will make a good move, and here are the details: The market is trading on 499.49 pivot level. Bias - Bearish My Stop Loss - 505.32 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable V continuation. Target - 487.54 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals336
Bearish Dreams for the SNPBears are getting rekt, and then rekt, and then rekt, and then rekt, and then they see the catalyst... rekt... and another one? rekt! Is it their time though? US 2 year is the same place as it was in Nov 22 US dollar is where it was in December 22 Both up significantly from the December 13th fed meeting. Can the SNP500 finally show weakness? SUPER DUPER MICRO COMPUTER... got crushed today. Will NVDA disappoint on earnings? The fear will kick in and we can finally start selling off? I have drawn some pattern that the bears are hoping for, they want to see us break down from the yellow brick road and head down the blue water slide back to the Dec 13th FOMC level, just in time for the next fed meeting in March. Goood luck. Shortby MikeSpy111
Beginning of Bear momentumIf Fed does not show any indication of cutting the rate, then most likely I can see this going bearish. Nevertheless, I would assume that from here and now, traders and institutions are uncertain about current monetary policy so that would try to take more defensive position.Shortby PlayerInvictus1
Intact RiseWe are slowing down a little bit today. I think that this is due to the option expiry tomorrow. Then, I think, we may rise a bit further. The market is overbought for a while but any attempt to correct has been bought so far.Longby motleifaulUpdated 0
~ Feb 16th 2024 - S&P 500 SPY testing all time highs daily ..Santa Claus hands off the baton from the "Santa Claus Rally" to the the fastest runner in the "Trump Rally" .... watching new all time highs on the S&P 500 SPY at 502.97by stocktradecoach03960
SPY - Bull ScenarioHigher prices from here could indicate that we are in a small A-B-C correction, with the C wave to come. This could mark Wave 2 of the move with a more explosive Wave 3 to come. A 1:1 ratio for wave 3 to wave 1 puts SPY at 535. A more common 1.618 of wave 1 puts SPY at 577. Perhaps only an interest rate spike will put a dent into the market. Doubtful that in an election year the Fed would raise rates again. Market seems to be saying that the opposite will occur. Don't fight the Fed.by AssetDesign110
$SPY February 6, 2024AMEX:SPY February 6, 2024 15 Minutes Yesterday's channel was not broken. 490.72 the recent lows become important now. In daily it is HL as of now. We have a wave 3 running as per Elliott oscillator count. We need to cross 503 levels still. Then we shall have a target of 506 levels for this move. Yester being a small gap up I went long after it was filled, around 2 hours after open. I am long from 500 levels. At the moment the moving averages of 50,100 and 200 are around 498.5 levels, which provides good support. Usually, I do not carry position over the weekend. So will decide as the day progresses. If we consider the lat rise of 495.23 to 502.20 holding 498-498.5 is important. On the indicator side, we are supported by a black bar on stochastics on top, Elliott oscillator green, and CCI green. Longby RiderTrader111
$SPY All Time Closing HighAMEX:SPY All Time Closing High Proprietary AlgoTradeAlert Momentum Indicator For Daily Chart, A momentum indicator is a technical analysis tool used to measure the speed or strength of price movements in a financial market. It helps traders identify the strength of a trend by comparing current prices to historical prices over a specific time period. Momentum indicators are often displayed as oscillators or lines on a chart, providing visual cues about whether a trend is gaining or losing momentum. Common examples of momentum indicators include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic Oscillator. Traders use these indicators to make informed decisions about buying, selling, or holding assets based on the strength of the market trend.by AlgoTradeAlert1
SPY charting perfect "Sell in May and go away!"SPY 10 day RSI is trapped in a rising wedge and absent some massive injection of capital from somewhere (May rate cuts?), we will break the wedge right in line with the old saying, "Sell in May and Go away!" Shortby CryptoTaoistUpdated 336
SPY MA CROSSES TO DOWNSIDE History shows that any time that the 15 MA drops crosses under the 60 MA with the momentum under -2.0 that it will tank for the next few days. Saw a possible set up yesterday but saw the confirmation today. In on $480 P exp 2/27.Shortby The_SPY_Who_Shagged_MeUpdated 0
Looking for bullish swing immediately on SPY.Thank you as always for watching my analysis. Please feel free to like, share or comment on this post. May God bless you and your family this February! Long02:02by OptionsMastery0
Nice runThe SP has had a nice bull run the past 5 weeks. Now is hitting an important psychological and technical resistance at 500. It might try to break it on the upcoming days but I think it's going to pull back hard soon. I'm already taking profits I have cash sitting there until new opportunities come. I still have some long positions but I'm mostly in cash. Also I'm long in the Dollar on short term. Looks strong, I'm shorting AUD/USD and GBP/USD. Don't be greedy, be smart and patient. by ArturoLUpdated 0
$SPY Weekly Cup and HandleTextbook cup and handle on the Weekly for $SPY. Can this thing really run to 600+??? New bull market apparently and lower rates on the horizon. Will this be a historic run or another lesson... Longby MtradesM6
$SPY February 15, 2024AMEX:SPY February 15, 2024 15 Minutes. The gap on 13 February did not allow me to go long on 14th February as I was not supported by parameters. Since 478 levels gave an opportunity to short, supported by a gap up, I shorted at 496.5 levels and covered at 495 levels as the gap was not getting filled, indicating bullishness. Considering the rise of 490.72 to 497.99 AMEX:SPY retraced 50%. Similarly to the fall 501.24 to 490.72 SPY has crossed 78.6 retracement. So for today holding 497 the bullishness continues as per channel drawn. As we can see all moving averages are converging at 496-498 levels, indicating good support around 496 levels. From the Indicator side, I am supported by a black bar on stochastic on top, Elliott oscillator green, and CCI green. At the moment I expect 503 levels +1 to give a good resistance as it is a double top number as of now.Longby RiderTrader111