So, for anyone who likes to watch certain movements. A big one is about to occur. A rejection from this break is the covid drop. about 30% and some. However, the end of the cycle, if you believe in those kind of things, would be a 100% retrace of the impulse with a little extra on the downside, which closes all gaps, I believe. That takes us down below 200. It...
Put at the top. Looking for a drawback down to 492$ support for continued Downtrend.
Don't be fooled kids! SPY is just getting ready to DUMP!
we bailed 40% at 1st target, watch UPST there'z still sumthin wrong with thu market until that thing blasts off
Traders, Given: SPX (SPY) is used as overall market index. FED remains the primary determinant for overall market movement. All major indices pulled back last week. SPY failed to reach its 100DMA in the pull back. QQQ overshot its 100DMA in the pull back. GDP reports Thursday Pre Market. PCE, Personal Income & Spending reports Friday Pre Market. ...
Good Morning Grazers, Little birdie is showing close to 20m puts expiring on Friday April 26th with strike 510 , by the same token the biggest $ on puts is 490. In addition there is some heavy concentration of both at level 505 which may be a 'hot' level this week so be mindful entering S or L at that level. If you consider Friday the ERL of SPY we are heading...
SPY is getting oversold on the 4hour and 1 day charts, we are almost at the bottom of cloud support and Fibonacci support bounce targets are $511 and $517 before resuming downtrend.
Love it when a plan comes together. Watching 492 this week as it is the 21ema on the weekly chart. Need to see where the weekly candle closes on Friday. A close below hints at more downward momentum. A close above would take confidence away from the bears as we head into May and await fed data.
Keep an eye on 493.50 tis week as that was an important support. If it gives then I would image some love for buyers will be found around that demand volume shelf in the high 480s. If no love is found there then the 470s demand zone will likely be the target for now.
Even though I was interrupted by a phone call (lol) hear the end of this video, it still clearly illustrates how to use Fibonacci Price Sprials in conjunction with Fibonacci Price Theory to identify breakouts and targets. Remember, I don't believe Fibonacci Price Spirals are very useful for targeting/predicting trends. I do believe they act as a means of...
buy for sale is what I can read from 30 Min chart.
I want to start off With DJI, NYA, IWM, XLF, And XLV. Those indexes and sectors are more cylicals and they led the slide this week. DJI (Dow jones) 37,800 is previous resistance of the bullflag.. 37,800 will now be support. I think we dead cat here before eventually sliding to 37,000. 37,000 is crucial for bulls to hold, its the previous ATH set from ...
AMEX:SPY April 21, 2024 15 Minutes. As expected the downtrend continues. Two issues. It is coming to the lower parallel channel in the move. And oscillator divergence. I expect a retrace to 498-500 levels. As I believe once 492-490 levels broke I will have a target of 495 which is 32% retracement for the larger move 409 to 524. 409 I have taken because...
Welcome to spy weekly. I have discussed the price action in the best logical way possible. If you have any doubts, feel g=free to shoot a message. NOTE:FOCUS ON PRICE ACTION
Recap: SPY is currently in a corrective wave using price action on the higher timeframe. Corrective waves are completed after 3 legs (A, B, and C) … Each wave has 5, 3, and 5 legs per wave respectively. A (5 legs), B (3 legs), and C (3 legs). There are other specifics but I will not go into detail. For now we are operating within wave A, soon to be wave B which...
Like shown on the chart. Spy can continue downtrend in 4 ways. Since rsi is oversold. Just be patient and wait for price action on each level. Whenever spy reaches those level on higher timeframe switch to 5 mins timeframe and wait for price to atleast break nearest demand zone for downtrend continuation.
SPY - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long SPY Entry - 495.10 Sl - 489.28 Tp - 504.96 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The bloodbath has started 🧛🩸 The bears are in full control and the buy the dippers crowd is getting hurt. Are the last remaining bulls waiting for the next rally to sell? Are you buying the dip? Or are you selling the rally?