Spy Ascending TriangleI caught 529 puts. From earlier this morning, And after exit We tagged the trend line for the support of the ascending triangleShortby HelloUs0
Spy Ascending TraiangleTo day we may push pass 531.11 - 531.57 There is a trend line that started on the 17th that now has two touches of support to the upside. Longby HelloUs2
Spy is hotLooks like AMEX:SPY can hover here and trade higher from these levels. RSI is hot and momentum is carrying this uptrend. Low volume = sellers not in sight. NASDAQ:NVDA earnings might push it to close above $531.50 by Wednesday. A down day with high volume will be the beginning of a pullback.Longby cheesecake11
$SPY May 22, 2024AMEX:SPY May 22, 2024 15 Minutes. Oscillator divergence getting sorted out. At the moment sell below 529.7 and buy above 531.75. If NASDAQ:SPT crosses 531.75 with bar having close near top, we can buy for 534 range. And if it closes below 529 with bar close near low of bar i will short for 527.5 levels which also is possible 200 average during the day. For the day consider the rise 529.07 to 531.51. AMEX:SPY need to hold 530for a target 533.5 to 534 if 531.75 is crossed. At the moment AMEX:SPY is struggling around 531.5 three times. One negative issue I have is, the stochastics had a black bar on top and it retraced say below 25 without creating a black bar at bottom. But once it has crossed 75 there is no black bar on top. So, momentum seems to have lost. Have marked in chart. So, I will wait for first 15 minutes after open and take a call. by RiderTrader332
Elliott Wave Analysis on S&P 500 ETF (SPY) Calling for More UpsiShort Term Elliott Wave in S&P 500 ETF (SPY) suggests the rally from 4.20.2024 low is in progress as an impulse. Up from 4.20.2024 low, wave ((i)) ended at 510.75 and dips in wave ((ii)) ended at 499.49. The ETF has extended higher in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from wave ((ii)), wave i ended at 508.19 and dips in wave ii ended at 499.55. Wave iii ended at 518.57, wave iv ended at 514.98, and wave v ended at 522.63 which completed wave (i). Wave (ii) pullback has ended at 518.18 which subdivides into a double three Elliott Wave structure. The ETF then extended higher inw ave (iii) towards 531.52 and pullback in wave (iv) ended at 527.32. Final leg wave (v) is in progress and can see a few more highs before ending wave (v) of ((iii)). Afterwards, it should pullback in wave ((iv)) to correct cycle from 5.1.2024 low before it resumes higher. Near term, as far as pivot at 499.73 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.by Elliottwave-Forecast1
SPYSitting on my hands at the moment. Looking to get into a short position but will not even entertain until a substantial break occurs. May nibble if weakness develops but for now I would only be looking to be a short term day trader and I would be long.01:28by EconRuminations0
SPY (S&P500 ETF) - Weekly - Potential Resistance Price TestSPY (S&P500 ETF) has been in an uptrend since 2023 and is approaching its all-time-high price resistance again. $523.07 is the current all-time-high price resistance. $497.83 is the current support level price, and also the 0.236 fibonacci level. Bullish Scenario: If SPY price breaks out above $523.07, the next resistance price targets could be: $537, $550, $563, $575. Bearish Scenario: If SPY price reversse back down, a potential lower-low in the price could be set over time. Support price levels could be: $508, $497, $489, $476, $466. Note: corporate earnings, FOMC interest rate changes, government legislation, breaking news, and global events could override technical chart patterns. Date created: 05/10/2024by NoFomoChartsUpdated 2
Top hunting the illusive dropStill looking for the spot I am will to short. I see we still could be a week away. Each day i will post what I see and if a trade develops than we find it together. I have no idea of these threads having any value to anyone, so comments or feed back woud be great.Shortby alleytraderUpdated 3
Double Bull Flag on SPYInteresting chart here with these two consecutive bull flag breakouts.Longby AdvancedPlays2
Yea, its a bull flag or whatever...Its clearly setting up for ATH and a push higher if everything goes accordingly. What I am looking for is the DXY to push above 105 again and the VIX to start pumping, if these dont happen tomorrow after earnings then we are set up to rally until July - October. I can see a pump until election time playing out, volatility is about to pick up big time within the next 6 months. by LeapTrades1
#SPY Analysis, Key Levels & Targets for DAY Traders #SPY Analysis, Key Levels & Targets for DAY Traders Today’s Trading Range is a little bit stinky, in my opinion. Implied move from options is small. Volume yesterday was extra stinky low. 37M when everything settled and 11M around 12:30ET… I don’t like low volume trading so even though I will be trading a little bit what I’m really looking for is VOLUME…. Outside of that - The 35EMA has held us up since FOMC, so that’s the other level I’ll be looking for today. Complete walkthrough in last nights video. GL today, y’all…. by SPYder_QQQueen_Trading112
$SPY interesting cycle analysisNot a recommendation, just thought the cyclical nature of these time periods align. We'll see :) Shortby C0o0kieUpdated 331
$SPY May 21, 2024AMEX:SPY May 21, 2024 15 Minutes For the rise 525.18 to 531.52 4SPY earlier had retraced to 527.33. Being 61.8% retracement usually it will make double top. On that basis AMEX:SPY hit 531.56 today. It retraced to 529.17. Therefore 527.33 can be treated as HL. Now that number should hold for uptrend. Hence if we consider the rise from 527.33 to 531.56 AMEX:SPY need to hold 528.5 - 529 levels to continue the trend. But we have oscillator divergence. Hence holding 527 is important else we have a target 526-524, 524 being 23.6% retracement for the move 499.55 to 531.56. Hence for the day If 527 is broken i have a target 526 which is 200 averages in 15 minutes. And if 531.75 is broken with good close on bar then target is 534. I expect a one-sided move today based on open.by RiderTrader559
SPY 1H Inside BarEasy plan. A break of either the green level for calls or red level for puts. Range defined in-between. by z0mboy110
Does SPY bottom this week?SPY 5/24 Levels As AMEX:SPY continues to climb and climb the bull rally has no sign of ending. We are expected to have slight weakness this week although seasonals are indicating this week is the bottom. The weekly levels are : Market Makers Hedged - Upside $536.50 Downside $521.50 Markets Expectation - Upside $535.13 Downside $524.40 Liquidity Levels - Lay at the market expectations Pivot - Yellow Box by OakFDom1
$SPY May 20, 2024AMEX:SPY May 20, 2024 15 Minutes AMEX:SPY managed to hold 527.5 as marked in char with a rectangle box. AMEX:SPY making a series of LH, LL pattern. So considering the rise 527.33 to 529.5 must hold 527.5 528 levels for uptrend. And if we take that fall from 531.52 to 527.33 AMEX:SPY need to cross 530 for any longs as it it represents 61.8% of retracement. AMEX:SPY manage to close at day high of Friday and also close near top of bar. I expect a retracement to 527 527.5 levels before trying to cross 530. On downside if 527.25 is broken, must hold 525.15 levels as it was gap up number. If gap is closed, then we need to wait till 200 averages which is around 524 levels. by RiderTrader0
SPY/QQQ Weekly Analysis and Small Account Challenge Week 1 RecapI go over my trading journal after finishing the first week of my small account challenge last week and share some analysis for this week.19:59by AdvancedPlays1
SPY and indices could be at a location for shortI have been waiting for a few things to play out before even dreaming of posting the idea of a short. But we are at a spot I will be seeing how it plays out and it may not fully trigger till next week, but figured give you heads up.Shortby alleytraderUpdated 0
SPY What Next? SELL! My dear subscribers, SPY looks like it will make a good move, and here are the details: The market is trading on 529.43 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 519.19 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals338
SPY - Correction?Disclaimer: This is not financial advice. Please trade responsibly and at your own risk. Optimal Entry Point: Aim to initiate a position around the price level of 515. This level is identified based on current market analysis and recent price behaviors that suggest potential profitability. Critical Resistance Zone: Watch for a clear breakdown in the price range of 507 to 510. A decisive break below this zone could signal continued downward momentum, making it a pivotal area for action. Support Levels to Monitor: 500 and 490: These levels are key to sustaining the upward movement. Breaking these levels decisively can lead to further gains. Consider taking partial profits at these points to secure gains as the price ascends. Stop-Loss (SL) Strategy: Set your stop loss slightly above 526 to mitigate risk and protect your investment from significant adverse movements. Take Profit (TP) Point: The target profit level is set at approximately 480. Adjust this level based on real-time market analysis and chart indicators to maximize outcomes. Chart Analysis: For a comprehensive understanding, please refer to the detailed annotations and technical setups provided on the attached chart. This includes analysis of historical data, trend lines, and potential indicators that justify the trading strategy. Trading Tips: Monitor the market conditions closely for any changes that could affect the proposed strategy. Adjust your SL and TP based on market volatility and new information. Ensure your trading decisions are aligned with your overall investment goals and risk tolerance. Trade carefully and monitor market conditions regularly to adjust your strategy as needed.Shortby meitshels_smell_tradesUpdated 3
SPY WEEKLY 20th MAY 2024This is SPY Weekly. I have clearly explained the levels. If you have any doubts make sure to DM me. NOTE:GO LONG ONLY WITH DEFINED SLsLong05:11by THECHAARTIST13
SPY: Bears Will Push It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current SPY chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals118
S&P rally continues; will we see new high?After confirmation of control in the first days of May, bulls enjoyed their dominance. The market opened with a gap up on Monday, rallied throughout the entire week, and closed very strongly within the top value area. There was some profit-taking on Monday, but sellers were not able to push the price even below the previous day's high. At this stage, there are no major warning signs for the buyers. On the other hand, there are many signs that confirm their strength: 1. Price is in a daily uptrend, aligned with higher level context (weekly/monthly uptrend). 2. Two unfilled gaps (Friday the 3rd and Monday the 6th). 3. Strong close of the week within the top value area (price has retraced >80% of April’s bearish wave). The only technical weakness on the chart is the monthly consolidation. Bears might try to defend April’s high ( 524 ), but unless they receive support from economic reports coming this week, their position looks very vulnerable. An important level for the bulls is 515 , where the price pivoted on Wednesday after a pre-market sell-off. Important economic data will be released on Tuesday and Wednesday, which could cause volatility in both directions. But as long as there are no major negative surprises, pullbacks are buying opportunities Disclaimer I don't give trading or investing advice, just sharing my thoughts. Longby hermes_trismeUpdated 2