Today we saw a massive sell-off from all the sectors because of what Powell said yesterday. Powell mentioned in the interview yesterday that they "will continue raising rates until we see Inflation coming down." which is why investors showed a sell-off today. Now looking at the charts. There can be two possibilities tomorrow. The first one is that there can...
Here is a look at the possible Inverted Head and Shoulder formation on SPY (1hr) One thing to keep in mind, SPY is clearly in a downtrend, and there is no point in trying to time the bottom, the smartest thing to do is play what you see, take profits, reset and do it again. On this 1 HR chart, there is a possible inverted H&S in the making. Left shoulder being...
Quick and simple one for today. Don't be fooled by this pseudo-recovery. Note increasing price on decreased volume? Better buy in ahead.
MACD down tend TSI crossover CMF cross over indicating selling momentum Williams R in oversold territory Steady increase in ATR (increased volatility) Good luck, call your mother's. Disclaimer : I know nothing, not advice, just my 2 cents
If looking at this chart at a glance hurts your brain, no worries I will summarize for you below (I need these lines personally to make swing trade decisions but the concept is pretty simple). I am just using "1-5" rather than "I -V" but it is a smaller wave nothing major. Enough to tell us map of near-term price action going into FOMC): Bearish wave 3 was in at...
Looks like we might get another leg lower before a big relief rally starting in June (most likely during OPEX). 20sma continued decline. HUGE sell off today after JPOW's remarks yesterday. Why were they not reflected in price yesterday? "I thought we were gonna have a relief rally after yesterday's bullish run!" Vanna, Charm, dealer positioning, hedges...
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially...
SPY continues the session at -3.66%, filling an intraday gap fill to the downside. Supply and Demand Zones identified as key levels for participant acceptance and/or rejection. VIX is at 30.29 and $ADD at -2283 at time of this post.
Quite a move up today with volume decreasing. Declining volume indicates lack of interest. There are just no two ways about it. If this index/ETF were in a triangle or a bull flag, you may expect this. But it is not. Maybe a bear flag forming but remains to be seen I am not saying this volume is astoundingly low. It just does not look like Volume matches Price...
I expected a smally rally. I will attach my previous idea. I excepted this rally back to the prior breakout point. Today and tomorrow will be important days, to look for the confirmation that the prior breakout point now serves as resistance AMEX:SPY
AMEX:SPY For a few days now I have been posting about a big drop that I expect. today I am again confirmed about that idea. As I said in previous ideas, is that we fell through the neckline of a huge Head and Shoulders Pattern. a few days ago we rose back to the previous breakout point, yesterday we tested that level and the neckline now so to speak serves as...
Sort of looking as this could form a rising wedge which is still bearish but could be support to lead us to retest 415. If we bounce here it could confirm this. For now speculation
I'm looking for a tiny bounce arround 388 and later go lower for the real one.
Using the two Fibonacci indicators it can be anticipated that the 20% pull back (0.618 from ALT) could be around 380 and touch around the 14 June 22
jumped in two contracts on spy puts , after fell from intraday new low looking to take profits at weekly level, didnt like the play anymore and walked out. with$11 haha, all in all no emotions when trading.
buildin base here after moronz get done with their mandated 401 gap fill. accumulation still sittin nicely around 430+. do thu June 8 405 CALLZ @ $8
SPY on hourly chart still within the downward channel, the only good signs are two up gaps providing some cushions. Hope they are not filled and Bull can break this downward channel.
SPY 18 May 2022 The current expected volatility is around 1.71% Based on a 85.3% chance, our asset is going to be compressed within the channel made from: TOP 415 BOT 401 At the same time yesterday, we had Jerome Powell on a hawkish attitude, so we can expect another bear rally in the near future. Based on all of this, at this very moment we can try as usual...