Interesting chart here with these two consecutive bull flag breakouts.
Many of you are confused on the recent price action of the market. When in doubt, zoom out. Pay attention to the next fib level and pay attention to GOLD & OIL. Feds only cut rates during market turmoil not during bull runs. To keep it SHORT and sweet. It doesn't end well for risk assets. On the other hand, have you seen the prices of cocoa??? Insane!
Alright, y'all... tomorrow's trading range is not necessarily a difficult one for PPI. Options are not taking the range out too far even though we did get a good spike in the VIX... There is a full walkthrough on the video tonight.
Hello,Traders! SPY is going up now But a horizontal resistance Around 524$ is ahead So after the retest we will Be expecting a local Bearish move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Last week I just did a longer timeframe update. I am going to continue with the larger timeframe as the focus but will also give the shorter timeframe levels for next week. You can see we've just chilled below the 3 month threshold for far too long. It's 504 on the horizon, that's for sure. We will likely snag a bit lower, because I didn't realize there was...
Tomorrow's Trading Range (5.9.24) and all of the levels going through it.
Were back at the top in this distribution phase if you miss this top there will be one more, but were only gunna maybe see one more pump before a big bear market.
will chop monday open higher on mday close low open low close not high but wen will open higher and crash @ 8;30 or 11:48
New Thread we have a really big week with Jerome Powell Rate decision this week Wednesday! This is going to move the markets and determine our future outcome for sure Tuesday April 30th levels for SPY Bulls 515 and chances are this becomes your territory to go long possible outcome Bull Market Resumed Bears its a short anything under 511 Bears once 500 is...
We've seen a wild +25% rally since Oct 2023 in SPY. Honestly, I did not expect this move back in Oct, especially since we broke down below the MAs and they acted as resistance for 3 weeks. However, the market doesn't care about what we think it will do. I don't like calling tops, but nothing goes straight up. With the crypto market building up hype as well, I...
AMEX:SPY May 13, 2024 15 Minutes. Had a gap up on Friday. I sold into strength. I had a view of 522 levels with bias down as oscillator divergence. We can see the divergence more prominent now. Also, if you see in daily the rise is steep and 9 averages is around 512 and 21 around 508 levels. And in one hour chart we have the 522.63 bar having close near low...
Welcome to Spy weekly. I have discussed the levels and my expectation of the market. If you have any doubts feel free to msg me.
My dear followers, I analysed this chart on SPY and concluded the following: The market is trading on 520.83 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 512.34 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to...
SPY - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell SPY Entry Level - 520.83 Sl - 525.68 Tp - 511.78 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
SPY looks primed to breakthrough resistance and new ATH Price needs to break the the resistance to get on its way to new ATH. We believe it will smash through the resistance. Momentum looks bullish, RSIs trending upwards Are you buying?
SPY quickly broke out of its downtrend and even broke out above a bear flag that had been forming. We had a low volume week last week, but SPY closed strong, pushing all the way back up to $520. It's wild to look at where SPY is now considering what the market was like just a few weeks ago. Bears get squeezed once again. I have a lot of suspicions about this...
✅SPY surged again to retest the resistance of 524.57$ But it is a strong key level So I think that there is a high chance That we will see a bearish pullback and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
SPY is forming bearish level, could be double top or a rising wedge...