Top down analysis with marked support and resistance. Down to the 1m time frame you can see a turn around in price action. Quick thoughts, nothing complicated.
Top down analysis with marked support and resistance. Down to the 1m time frame you can see a turn around in price action. Quick thoughts, nothing complicated.
Watch two major areas for support/resistance
If we break the upper zone could see a quick move to 464
If we fail bottom support it could signify a large move downward.
As always do your own homework
They say the best ideas are the simplest, so I figured that emotion spikes drive the markets, as well as the distance that the price travells. So, because the S&P has been raising for a very long time, and every other major leg, that made new high was faster than the previous, it has spiked at the maximum momentum. The fact the recent recovery up has not outbroke...
Provided by the strong indicator introduced by Moonraw, a sign to enter a short trade on the spy to get a quick scalp down and keep evaluating from the developing Value area high.
The market shows inability to trade over the level of 2 years ago previous area high. If i see a breakthrough downwars of that level and then a retest of it, it would be a clearly...
AMEX:SPY SP:SPX $ES_F Analysis, Key Levels & Targets
That downtrend, huh? Clearly a wall.
This range should look familiar with a few small adjustments. We have not had a single close above that big downtrend yet... and ultimately we have been trading flat around it...
Place your bets - do we break out with conviction here, or do we drop down to close...
Watching The price action to break through the current Supply or Demand zones. I am looking to buy puts in the higher supply zone or buy calls in the lower demand zone. I would not take the current supply and demand zones because the price action has touched them multiple times
Buy Calls: $452.92-453.30
Buy Puts: $456.13-456.38
AMEX:SPY November 30, 2023
15 Minutes
As expected due to the convergence of 4 moving averages AMEX:SPY opened gap up.
The expected target was 458 levels.
That came in the secondn15 minute bar.
If we go to a lower time frame we can clearly see that the HH bar at 458.32 had a close near low.
So I sold at 458 levels.
When we draw retracement for the rise of...
Good luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
SP500 is reaching a strong resistance zone. I think we will see a correction soon. I just reduced my long positions and bought put options on AAPL, COIN and KO for December 8th. I don't take too many risks with options. My big wins are with long positions, one profit on one long trade can erase the loss of 5 or 6 bad options trades. I've already made good profits...
December 8 Unemployment Rate
December 12 Inflation Rate
December 13 Interest Rate & Powell Speech
in these days market could start its correction
VIX is too low which means market could go higher, why not lower? volatility is too low, everything is good (data)
but consider every time vix go below (18-13 range) it start to bounce, this bounce moves vix 30-40 %...
The recent white swan rally returned nearly 7% in the span of 7 trading days. The rally was incredibly fast, having 5 gap ups between the closing and opening prices. However, the volume for the rally was fairly low, with no day in the rally having statistically abnormal volume despite the statistically abnormal returns. This is shown in the NDO indicator, which...
AMEX:SPY November 29, 2023
15 Minutes
AMEX:SPY held the 453 levels and has consolidated.
Today holding 454-454.5 levels I expect 455.8-456 levels a target. And if 456.27 is taken out then we will have 457.5-458 levels.
I think based on open today we can make some $ on the long side. Provided 454-454.5 is held.
Of course, gap up may spoil our calculations,...
This is my live analysis for SPY & please focus on the positive points discussed in the analysis.
SPY can retrace at any moment now.
NOTE:DO NOT SHORT THE MARKET
I'm not saying that it can't go up. But it's struggling with a very strong resistance level here.
I'd be careful with long positions until the trend becomes obvious.
