$SPY Fibonacci DIP Buy SetupMarket went red overnight and gapped down I went ahead and took calls and futures long with A RISK up close to $1,500 Team 510 is my LEVEL long on AMEX:SPY I love to automate my entry to take THE FOMO OUTLongby tradingwarzone1
SPY is it finally a high?The 10 day MA of lows contains 13 days. This ratio is itself not that impressive. But the fact that it is now a zero slope MA does make me sit up and take notice. The pivot would be about 508. Will this market need more time to form a proper right shoulder or just plunge through? We shall see.Shortby MAgicTrx111
SPY: So Overbought That You Have to BuyThe markets have made an impressive rally over the last few weeks, practically setting historical records for markets in many sectors. The recent pullback is welcomed as the SPY approaches my monthly zone. Whenever I set my levels, I use the applicable time frame and mark out the major candle opens, and closes to determine my support or resistance zones. As you can see, we are right at that level which should provide for some resistance. I would expect the price to move into the liquidity zone I have marked out with trading history since 2021 at approx 450-460. If we can confirm this level as support, to me this just looks like an epic cup and handle pattern with targets approx 20%-30% higher. Additionally, if you look at examples of this pattern online, you may find that there are probabilities of a potential squeeze coming after the breakout. The FED has already projected rate cuts next year. Unless we have some devastating news, I don't quite see a reason for markets to have a major crash at the moment. Part of the reason behind my squeeze theory is due to the fact that we are approaching uncharted territory on the chart, and its likely we will start getting better information about the economy moving forward and inflation coming down (although its possible that inflation may come in waves larger in the future). If the current market meme's give us any idea, it might just be a repetition of what we saw as the markets squeezed and recovered in 2020. Longby afurs1Updated 2224
SPY targets getting hit, what now?🎯boost and follow for more.. thanks 💛 October 9th SPY was at 428.77, I mentioned the trendline resistance from 2009 flipped to support in 2020 and 2022. people need to realize how good that is for longs, they have had complete control since the 2022 bounce. I mentioned many times for many tickers how important a resistance = support pattern can be, you see it here again firsthand. my targets mentioned in that October analysis have basically been hit, so I thought it was time for some updates! daily timeframe: RSI isn't even that overbought but we do have that local red trend resistance we continue to struggle with, so some short-term dip or more sideways is possible. I do think we will see that push to new all-time highs once this is done though. SPY to 500+ is not out of the question, the only question now is how soon? more updates soon... boost and follow for more as always. 😊Longby Vibranium_CapitalUpdated 1139
SPY Buyers In Panic! SELL! My dear friends, SPY looks like it will make a good move, and here are the details: The market is trading on 511.77 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 502.19 Recommended Stop Loss - 517.26 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 1114
Small(er) pattern extreme, with a larger still loomingOn AMEX:SPY We have just completed a "smaller" deep crab with a potential pullback as far as $477 or so with a larger deep crab that could take us to $560's if we hold this number. We have our first failure/pullback area recently completed. There is a lot of room to pull back.by investingOGE2
SPY dump?Looks like a possible head & shoulders & inverse cup. If this is an inverse cup, then we are in the handle build more liquidity for a short with the 20 day MA is right below. With new highs it may be time for a cooling off especially with quad witch approaching at the end of the week. But, no bias. We have a CPI report on Tuesday and if we are headed up then there is nice liquidity to grab on the way up. by fyre20202
$SPY SPX Daily Analysis, Key Levels & TargetsAMEX:SPY SPX Daily Analysis, Key Levels & Targets Alright, y’all.. i hope you had a great weekend. Last week we ended down quite in QQQ. The NVDA selloff plus the Non-farm payroll numbers weighed on the S&P… So to the upside that 35EMA on the 30min timeframe is the first resistance… and for a full walkthrough of the levels to the downside come check out tonights video. Just because I get so tried after recording to get the rest in this descriptions… plus you’ll learn more from the video for sure!! Happy Trading tomorrow… Shortby SPYder_QQQueen_Trading114
$SPY $470 by 3/1 , slow trickleAMEX:SPY Update on my idea. Super annoying to think this will happen but hey, oh well. Was looking for more of a dump but it's clear that sideways we go ... Again... Be patient... They will kill options.Shortby TazmanianTraderUpdated 2
$SPY to $478AMEX:SPY Incoming pullback imo. 5-7% pullback before then of February. History doesn't always repeat itself but it does frequently rhyme. Refer to my previous posts about SPY 6/15-8/17 ... Good luck everyone. From here I'm taking puts to $478, calls at $478 to 20 DMA retest, consolidation for about a week... $483 Short to $478 and lower over and over again through consolidation... Short $483 every chance 20 DMA until $470... Buy $468 for March run....by TazmanianTraderUpdated 0
$SPY Covid drop now or never 💭 Bar Pattern from Pre Covid Run attached to present day chart. Its now or never 💭 $400 by end of April... Genuinely looking for $470s personally but we will see.Shortby TazmanianTrader242410
$SPY March 11, 2024AMEX:SPY March 11, 2024 15 Minutes. AMEX:SPY opened well on Friday. The first bar a close near the top of the bar. Broke the channel. On retest of channel top, it went below channel. Closed my position at 515.5 levels. Nearly at cost. Now we will take 2 numbers in 15 minutes. The rise 504.91 to 518.22 and thefall 518.22 to 511.14. For the rise, it is important to hold 510 levels to keep the uptrend intact for a target around 515-517 levels. At the moment I expect 515 to provide a resistance being 61.8% retracement for the fall 518.22 to 511.14. AMEX:SPY is below all moving averages in lower time frames and hence is weak. It needs to cross at least 515 levels first. For the day I expect a range between 510 to 515 with a bias to the lower side for a target 507 levels which is 100 averages in 60 minutes chart.Shortby RiderTrader1
March Madness!In the SPY a 15 day MA of lows gives us about a 2.5:1 containment MA and a 25 day MA of lows gives us over a 3:1 containment MA. There is a lot of potential energy ready for a downside move. April may be the cruelest month but there is definitely March Madness! Was Friday a reversal day?Shortby MAgicTrx0
$SPY Death DOJI WARNINGAMEX:SPY Death DOJI WARNING If SPY drops below 506 getting 2-3 weeks out by tradingwarzone220
SPY WEEKLY 11 MARCH 2024Welcome to Spy weekly. I have clearly explained the levels where you can go long. If you have any doubts do let me know in the comments below. NOTE: DO NOT SHORT THE MARKET11:58by THECHAARTIST667
SPY SENDS CLEAR BEARISH SIGNALS|SHORT Hello,Friends! Previous week’s green candle means that for us the SPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 487.03. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals115
I SPY a market that has made a highBasis the late October low, the RSquared for the SPY is .945. Has gone pretty much straight up from .84. If we get a print of 507 by Wednesday that would be a lower RSquared and perhaps indicative of a proper, possibly severe, break. This can also be seen as a 4:1 containment ratio basis early November. Either way, untenable. Should be an interesting week.Shortby MAgicTrx0
Possible pullback on Spy to 490The green channel is the daily channel on spy and the blue channel is the weekly channel, spy has hit weekly channel resistance around 414, if it gets rejected there and if we break out of the daily channel to the downside, we can trade lower to support around 490. The trend has been getting weaker, the last couple of weeks, a break of a green channel will be a confirmation for the pull back to 490Shortby jomiaelton3
Spy Chart Trade Pink Line - 4 Hours Trendline White Line - HOD and LOD Trendline Blue Line - 5 Minutes Trendline Green - EMA 9 / Dark Pink - VWAPby l4uren_stew4rt0
Expired SPY Weekly outlook. 1st WK MAR 2024Expired SPY Weekly outlook. 1st WK MAR 2024 > BULLISH 📈 CORRECT Closed Price: 512.85 Target Price: 515 | Strike Price: 515.89 MAR7 24' Upper Range: 548 Lower Range: 482 Longby putIQ1
S&P makes new high, up to the skyBulls have finished last week with a spectacular rally. It was quite clear that they were taking some rest before a run but even I was surprised by their Friday achievements (see ) The outlook for this week is easily defined: BULLS, BULLS, BULLS. The daily chart looks great (daily uptrend, new high), there is absolutely no warning signals on lower timeframe (last day is a classical bullish trend day), no visible resistance above. Until it changes there is no place for short trades (unless you're a scalper) and pullbacks are for buying. Disclaimer I don't give trading or investing advices, just sharing my thoughts Longby hermes_trismeUpdated 333
AngeloThe rising wedge pattern is one of the numerous tools in technical analysis, often signaling a potential move in the asset or broader market. Recognizing this pattern involves identifying a narrowing range of prices enclosed by two upward-sloping trendlines that converge over time. 1 Utilizing additional technical analysis indicators for validation and employing sound risk management strategies are crucial for maximizing the pattern's predictive utility. Whether the user is a day trader, swing trader, or long-term investor, understanding how to recognize and trade the rising wedge pattern can provide insightful cues for market entry and exit. 1 KEY TAKEAWAYS The rising wedge is a technical chart pattern used to identify possible trend reversals. The pattern appears as an upward-sloping price chart featuring two converging trendlines. It is usually accompanied by decreasing trading volume. Wedges can either form in the rising or falling direction. A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside. What Does a Rising Wedge Pattern Signal? The rising wedge pattern typically occurs after an uptrend and signals a potential reversal in the security's price. It is a bearish chart formation commonly observed in technical analysis within the context of trading and investment. It is characterized by converging trendlines, where both the support and resistance trendlines are sloping upward, but the slope of the support line is steeper than that of the resistance line. by OgnianovoptionsTrades0