Just my thoughts ladies and gentleman I know we are in a bull market, but I also don’t think it is wise to ignore TA. Not tied down to this analysis but I do believe this will happen. Unemployment news tomorrow could be catalyst to push market down. Shortby rodelle271
SPY SHORTWe entered 503 put march expiry before CPI based on our AI algos shown on the graph We are up 150% as of now Waiting to add more Stay tuned for updates Ai forecast suggest we are at the start of bear run Shortby tradesenigma4540
SPY (S&P500) - Trendlines, Support, Resistance - Weekly chartSPY (S&P500 etf) has been in an uptrend for one year, and is currently seeking to create a higher-high pivot point in price action. Weekly support levels are: $484, $477, $462. Weekly resistance levels are: $502, $510, $517. Livestream Announcement: My Livestreams will be postponed until approximately March 2024 due to covid illness. Thank you for following and supporting. by NoFomoChartsUpdated 111
SPY Update: Are we finally headed down for B of 5In my post last week I said, "I could see OMH to tag the 1.786 and that being the resistance that finally pushes us lower for traders to collect profits and shares to trade hands". Well yesterday that is exactly what happened. We hit $1.51 above the 1.786 and then started to move lower. So far we have a 5-wave move down which could either be an a wave of some degree, or just the 1st wave of the a wave down for B. This should be a larger 3-wave move down to the target box. Don't forget though, the first wave down for this move can either be a 3-wave or 5-wave move as a waves of any degree can be either or. Regardless of if it is an a wave or wave 1, I expect us to move higher again tomorrow for either wave 2 or wave b. Both of which can be unpredictable in nature. They can either be shallow, deep, long, or short. If it is a wave 2 then it CANNOT breach our high of $503.50 under any circumstances, whereas b waves can move slightly above the origination of their respective a wave and still be valid. I would expect this to hit the $498-$500 area before falling again if it is to remain standard. Without confirmation, this could technically be another wave 4-5 finishing out. Looking at structure and MACD, I don't expect this, but it is possible and something we should keep in the back of our minds. I have alerts set so when we break either resistance or support, I will try to update. Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.by TSuth2210
$SPY February 14, 2024AMEX:SPY February 14, 2024 15 Minutes I had considered Fibo for the rise from 490.23 to 503.50. Since it opened the gap down I had to consider the previous low of 482.89 to 503.50. Could not be shorted. But took support at 61.% retracement around 490.7 levels. For the day I will consider the fall 501.24 to 490.72. 497-498 will be a good level to short SL 499. We have an oscillator divergence in 15 minutes. But the black bar on stochastics is at the bottom and CCI is red. So difficult to go long. Once more AMEX:SPY has given a 100 or 200 average to be respected however strong it runs up. In the hourly time frame, it has taken support at 100 averages. In 60 minute chart if we consider the rise of 469.87 to 503.50 it has retraced 38.2%. So 480-482 is a crucial number to watch, being 61.8% of retracement for this rise. No trade day. waiting for proper entry to take a trade, with a bias on the short side only. At the moment buy is only above 504 levels. Till then only I will be looking for shorting whenever I get the opportunity. Shortby RiderTrader336
Trying to find something more significant in the pullbacks... Trying to find something more significant and strong bias in the pullbacks - drawdowns... by JoaoPauloPires1
$SPY Momentum Indicator Daily ChartAMEX:SPY 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 AlgoTradeAlert2
SPY - Dissecting RangesDissecting SPY charts into ranges gives us an alternate view of markets and the battleground investors face by xx13373
$SPY short ideal $505AMEX:SPY $640 long / short depending on if we get $505 pullback zone to short down to 489 we're expecting a 5-8% pullback have targets of 420s by end of year. made some levels based off the daily.Shortby calmstradesUpdated 2
SPY | TA AMEX:SPY Overall Trend: The SPY has been on an upward trend, as indicated by the upward-sloping blue trendline, signaling bullish momentum. Candlesticks: There is a mixture of bullish and bearish candles; however, the bullish candles have larger bodies, indicating stronger buying pressure. The large white candlestick followed by a smaller one suggests continued buying interest but with some consolidation. Moving Averages: The SPY is trading above both the short-term and long-term moving averages, signifying a bullish signal. The upward trajectory of the moving averages further confirms the bullish trend. Support and Resistance: Bullish Line (Resistance turned Support): The SPY has broken above a resistance line, now potentially acting as support around the 497 level. Bearish Line (Resistance): If the SPY retraces, a previous resistance level of around 495.93 might act as new support. Price Targets: Target Price 1: If there's a pullback, the first lower target could be around the 495.36 USD level. Target Price 2: A further target for a pullback could be near the 493.97 level. Target Price 1 (Bullish): If the upward trend continues, an initial target could be near the recent high of around 498.70. Target Price 2 (Bullish): A continuation of the bullish momentum might aim for a higher target, potentially above the 502 mark. Volume: The chart does not show a significant spike in volume alongside the large bullish candlestick, which could suggest that the buying interest might not be as strong as it could be with higher volume. Summary: The SPY exhibits bullish momentum, with recent price action suggesting continued interest from buyers. The break above what could be interpreted as a "Bullish Line" is a positive indicator, but the lack of a volume spike could warrant cautious optimism. Potential pullbacks should be monitored, and the support levels around 495.93 and 493.97 could be key areas to watch. ** It's overextended, but the market may sustain this position and continue to rise; therefore, opening a short position does not make sense without any confirmation.by shksprUpdated 1
SPY Market Direction (Minor Pullback Bull Market)According To Elliot Wave Theory Wave iii typically is an extended wave. This means on a smaller scale (Since Waves exists within waves) starting at the ii we just completed 1 wave and will build the extension for another wave to run to the top of the iii.Longby JoelTCampbellJr0
SPY: Bullish Deep Gartley with Bullish DivergenceThe RSI on the SPY has Double Bottomed while confirming a Bullish Divergence as the SPY was testing the PCZ of a Bullish Deep Gartley, in addition to the RSI Divergence, the MACD has also confirmed Bullish Divergence and it would seem that the SPY may make its way up to the 100% - 161.8% retraces in the coming sessions.Longby RizeSenpaiUpdated 112
RSI Negative Divergence: Possible Market Pullback (SPY, QQQ)UNDERLYING PRINCIPLE: Divergence between Futures/Stocks/ETFs and their Relative Strength Index (RSI) can be used to predict a bottom or a top. This method is more useful in determining a reversal in overall market than an individual stock. To elaborate the principle let's assume the market is making higher highs but corresponding RSI is making lower highs. Together this uptrend in the market and downtrend in RSI show that the market is losing strength as it is climbing up. Which essentially implies a reversal/pullback in the market. The same principle can also be applied in determining a possible bottom in the market. Say if the market is making lower lows and corresponding RSI is making higher lows. In that case we can expect an upward reversal of the market. Current Scenario: Possible Pullback To inspect the current market I used weekly and daily charts for Nasdaq and S&P 500 ETFs NASDAQ:QQQ and AMEX:SPY . In NASDAQ:QQQ weekly the negative divergence is eminent as the ETF is making higher high but the RSI is making lower high. If we zoom further into a daily setup then the same negative divergence can be spotted: For AMEX:SPY on the other hand no divergence can be observed on a weekly setup: But on a daily setup a Negative Divergence can be detected: Recent History: Bear Market Bottom As you can see in both weekly charts, the recent bear market bottom has been identified using the same method: A Positive Divergence. Thanks for reading.by Trading-Economist1
Sector Rotation Before CPI (SPY, QQQ)Clear sector rotation has been observed a day before CPI data release on Tuesday morning. It seems traders are getting out of Technology ( AMEX:XLK ) stocks and defensive sectors like Utilities ( AMEX:XLU ), Basic Materials ( AMEX:XLB ) as well as Industrials ( AMEX:XLI ) have been climbing up. HIGHLIGHT: The chart depicts S&P 500 ETF ( AMEX:SPY ) along with a ranking of all the major sectors at the bottom of the chart in an hourly setup. During the final hours of the last trading day (Monday) there has been a sharp sell-off of tech stocks as the industrials and basic materials have climbed up in strength. A slow decline in Health Care ( AMEX:XLV ) and gradual rise in Financials ( AMEX:XLF ) over last few days have also been observed. Please note that the first CPI of the year (January) usually creates volatility in the market. Which has also been observed in above 3% rise in the Volatility Index ( CBOE:VIX / AMEX:UVXY ) looking into the CPI release. s3.tradingview.comby Trading-Economist1
SPY - BIG CYCLE STATISTICSSPY BIG CYCLE STATISTICS The truth in cycles have always lied in the percentage changes of waves. prepare for a movieby xx13371
$SPY February 13, 2024AMEX:SPY February 13, 2024 15 Minutes. As expected 500 was held on the downside and the upside was capped around 503 levels. I will consider one rise and fall respectively. 497.86 to 503.5 rise and 503.44 to 500.24 as fall. For the rise AMEX:SPY retraced to 61.8% so I expect 503 to be a triple top before a retrace. For the fall 502 will be a good level to shop with SL 503.7 200 averages in 15 minutes is around 496 levels sloping upwards. So for today if 500 is broken I expect a 3 $ move on the downside. This is supported by the rise from 490.23 to 503.. 496 is a 61.8 retracement value for that rise. On the indicator side, we have stochastics black bar on top, stochastics trying to go up without a black bar at the bottom. For me, it is a retracement buy. But Elliott's oscillator is red and CCI red negating the same. So today I expect a fall. I will short if 500 breaks for a 2-3 $ trade. If the bars are good. Shortby RiderTrader1
SPY 1Hr Rising wedgeTracking a pretty substantial Rising wedge on SPY 1 Hr. Could see a 10 point pullback if this does decide to breakdown. Looking closer at the 15 min, looks like we have just broke the bottom trend line of this wedge. Stay tuned. Shortby impossiblebull5
$SPY February 12, 2024AMEX:SPY February 12, 2024 15 Minutes AS expected box sideways was broken on Friday. I closed longs around the 501 level, as SPY was struggling around that level for more than one hour. Now for the day, I will take 2 rises. 499.33 to 501.65 495.36 to 501.65 Unfilled gaps denote a strong rally., hence I took 495.36 as low. As long as 499-500 is held uptrend is intact. On the lower side, I will sell below 497.5 only at the moment. Being a moving average and Fibs trader I expect AMEX:SPY to be capped around 502-503 on the upside and 495-496 on the downside being 200-100 sloping upwards levels for the moving averages. R: R is not good for shorts today. So no trade day for me. As the moving averages are far away need to consolidate before the next move. The bullish is supported by a black bar on stochastics on top, Elliott oscillator green, and CCI green. So not the right time to short. However, on the daily time frame, as long as 480-485 levels held my target I still 540. by RiderTrader0
SPY WEEKLY 12 FEB 2024This is my weekly analysis for SPY. Understand carefully and if you have any questions do not hesitate to ask. NOTE: DO NOT SHORT09:14by THECHAARTIST444
It has the ennui...You want to underestimate the power of an ATH run when nobody wants to sell? That's on you -- just because there's low volume and very little interest in buying doesn't mean there's a selloff coming. Trade what's in front of you means that there may not be anything in front of you -- if most people are bearish but want to see how high this thing can go before they sell, if NVDA is super overpriced but that's just free unrealized gains in the bank, we may see a month of melt up/climbing the wall of worry/cycles of weak hands getting shook and FOMO. We just finished an earnings season with lots of happy buyers. We may want to run this as high as we can before we drop -- remember, most players in the market are buy and hold investors with 10+ year timespans. Even if there is a 3-5% correction, it may just be an opportunity to buy more. This thing is bullish, it was bullish last year, and though it may not fly through the roof, this thing is bullish this year. Day traders should use caution and not get overly excited by every single move they see.Longby pogicraft1
SPY on track to snag Annual HighsHey everyone, Didn't post an idea on SPY this week because didn't really know what to expect and didn't see the point. Now we have a definitive, long term setup. SPY is on track to hit its annual high targets, with 3 consecutive daily closes above the bullish conditional on the annual levels. Initial TP is 513. Very fast considering we are month 2. Who knows what happens when we get there. Never seen a market like this in my lifetime. Anyway, re-test of the bullish condition is possible, but its pretty much a done deal at this point. Best of luck! Longby SteverstevesUpdated 5525
$SPY S&P500 weekly RSI at highest levels since 2020 and 2018 A quote from Howard Marks that comes to mind when I think of current sentiment across certain equities NASDAQ:NVDA NASDAQ:SMCI NASDAQ:META AMEX:SPY NASDAQ:QQQ NASDAQ:PYPL NASDAQ:SOFI 👇 “There's no asset so good that it can't be overpriced and become a bad investment, and very few assets are so bad they can't be underpriced and be a good investment.” This is more of an awareness call for folks who have not participated in any of the gains made over the last few months, feel they've missed out, and are contemplating opening new positions (aka FOMO) for assets that have already run up 2-4x. For context, the S&P 500 is currently at VERY overbought levels (Weekly RSI at 75). The last time it ever had a reading that high was right before Covid in 2020 which saw a -32% correction soon after (this was a obvi a black swan event). Before that, on Jan 2018, RSI ran to 91! A -11.35% correction followed after. The point? Typically it is ill-advised to start any large, new positions when things are this overextended. But, at the same time this is also just 1 indicator and observation, and it does NOT mean that we need to see a "sell-off". It means enter with caution, and obvi don't expect outsized returns on things that have already run up. The Fear & Greed Index is also at 78 (EXTREME GREED) and good ol' Buffet reminds us, "Be fearful when others are greedy and be greedy only when others are fearful" You should ALWAYS look to buy when market is in Extreme Fear/Fear levels as that's where the discounts are. You being trimming/ exiting positions when the market approaches Extreme Greed. by danmarques16941
$SPY WARNING14 of 15 last weeks ended Positive/Green NOW with the FEAR index at EXTREME Using 618 Fibs Symmetry move completes at 508 It's time to look for a HEDGE - I will automate my trade\ LIKE IF U WANT MORE CONTENTby tradingwarzone11