startin small short at resistance again via May 10 515 PUTS most likely. if that breaks we're goin to 515 gap resistance next week. also shortin crapple
AMEX:SPY May 3, 2024 15 Minutes. Last 2 days AMEX:SPY managed to sort out the moving averages issues due to sudden up and down movement on May 1, 2024. Now all moving averages have converged, 50 averages are around 502.5 levels. So, for the day if I consider the last rise from 501.34 to 505.88, holding 503 levels I will have a target of 506 - 506.5 to 510...
IS there any information about the roof topping pattern? Here is a chart of SPY, and this pattern has been forming for a while now. The house has a support level around 497-493 area were we seen one buyers come in. I have no idea how these patterns tend to resolve, but if we can continue to hold support at that level we can build higher. But who knows right, this...
Expired SPY Weekly outlook. 1st WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 508.26 Target Price: 509.87 | Strike Price: 510 APR29 24' Upper Range: 518.30 Lower Range: 501.43
lol we absolutely nailed this thing yesturday. we alerted our followerz az long az thu lower pennant support at 500 held it'd blast off to 507. so we sold our 510 PUTS posted yesturday, went long there at 500, sold CALLZ at 507, than btfd AGAIN at support at thu cloze yesturday. we'll be sellin thoze CALLZ again at thu open. just insane pennant trading. from here...
very odd volume on very red candles. this is not financial advise.
Feds talk already priced in today, 500 holding strong, lets hit 515-520 by EOM yeah? alright sounds good.
Even though the Stochastic says good time to buy, smart money knows the dumping has only started. AMEX:SPY is still below the 20DMA, in the lower Bollinger band.
This is my prediction. Bounce here should've been expected as GAP UP is support... If we dont make it past the right shoulder, HEAVY PUTS... This feel's like a dead cat bounce and will create a well know top pattern. Paytience - Prof Plan is to juice on puts, when panic hits, buy the BAT.
Upside Targets: * 502.62/503.48/504.75 Downside Targets: *500.85/500.14/498.67 Daily Trend Tracker - *SPY- DXY+ VIX+ US10Y+
Spy has a bear flag forming on the daily. The next couple of days will be telling.
we're dumpin 510 PUTS at thu open at 500. still room to 498 support. thu "V" bounce support broke so far. we'll b divin back into our fav longz UPST ZM and sum ROKU ahead of POWELL pump. MSFT, GOOGL, AMZN already green. our CMG just iznt breakin down still and thats thu key to this entire market. until that scam goez beelow 3100 thu markets goin higher
Last time we looked at SPY (April 11, see chart below), we got what we wanted, a break below the 1D MA50 (blue trend-line) that met our exact bearish expectation which was a -5.93% decline, absolutely symmetrical with August 18 2023: As the subsequent rebound got rejected on the 1D MA50 (blue trend-line on the chart above), the question is the following: Is...
AMEX:SPY 4hr chart. A deeper look into previous posts.
Not looking great as we head into #FED and NASDAQ:AAPL earnings to close out this week. The weekly 21 EMA is 494ish. If 500 breaks then that would be next level of support to watch.
SPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci retracement for this trend down could take it down to the 475 range or about another 10%. Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the SMA 100 ( green line) which is confluent with the Fibonacci retracement level. ...
AMEX:SPY May 1, 2024 No comments. No trade day today. Nothing to write about. Went wrong. Back to drawing board.
Looks like a lower high, lower low, lower expectations fro AMEX:SPY today. Hopefully stays under 507.