SPY $539 Price Target A 528 B 527 C 525 D 518 These were all accumulating zones for the next leg up $539, lets go bulls hope you guys follow the chart you'll be in money lets gooooo!!! Sun June 2 afterhours spy is at 528.80 Will be waking up to huge returns!!!Longby JoeWtradesUpdated 141420
$SPY range $479-$529, the path to the top (and bear market)AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger. If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530. Another possibility, is we just continue upwards to the top resistance levels and then decline after. Idea of a range is you want to buy the lows (supports on chart) and sell the highs (resistances chart). Regardless of the path we take, we're nearing a top in the market and after we hit those top levels, I expect a large decline lower (one that takes us past the prior 2022 lows). Ultimately looking for SPY to reach the $280-300 level by the end of 2024. But let's save that analysis after we see what happens in this range. by benjihyamUpdated 555533
$SPY June 3, 2024AMEX:SPY June 3, 2024 60 Minutes. On Friday as expected both 518 and 526-527 was done. My buy is still above 533.5 only. For the fall 533 to 518.3 AMEX:SPY retraced exact to 61.8% being 527.4. For the rise from 518.36 to 527.5 holding 524 I have a target 530. But I am biased towards 512-518 until I see a change in trend.Shortby RiderTrader335
SPY: How much Higher will it go? In this video I attempt to address the question I think everyone is wondering, "how much higher will this go?". In addition, I briefly talk about next week's levels and probability. Safe trades everyone! 12:40by SteverstevesUpdated 303035
BIG MOVE! SHORTS TRAPPED! What's next?Based on the chart analysis, the rising wedge pattern signals a likely bearish correction in the short term, with the price potentially testing the 0.618 Fibonacci retracement level around $518.36 as a key support. However, the Elliott Wave projection suggests a bullish reversal toward point (C) if support holds, indicating a medium-term upward move. Traders should watch for confirmation of support at the 0.618 level and look for signs of reversal to enter long positions, targeting the previous high around $532.99 and beyond. We must stay above $524.71 to escape this wedge channel and maintain the potential for an upward breakout. Maintain vigilance for a break below the 0.618 retracement, which could signal further downside risk. Leave a comment of what you think about where the market is heading!by MysticMads553
$SPY June 7, 2024AMEX:SPY June 7, 2024 15 Minutes. As expected, a sideways day. Today holding 531.5-532 uptrend continues for a target 537-539. In weekly if we the move from 348 to 459 to 409, 1.618 extension for that move is 590. Hence i believed that as long as 480-490 was held we are in for a big move upwards. Longby RiderTrader332
SPY: First week of June Hey everyone, Posting an idea. I will be away next week, God willing, on a ship 🚢, in the Bahamas 🌴, so figured I would post now, because I will pretty radio silence for next week and haven't decided whether I will make an effort to track the market while on the sea or not. Probably not from the looks of the probs, so let's get into expectations next week. Daily probability on Monday is bullish, which works well for the bull flag SPY left off on. The TPs are in the chart. Biggest concern you have is we fell below overhead trend resistance at approximately 530. So watch this area. Probability on the week indicates inside. You may get away with buying the dip, shorting the rip next week as a result. Most critical I would argue being that 530 trend resistance. Reference target is at 528.12. We open above, we will sell down to this point. We open below, we will buy up to this point. 80 ish % of the time. Inside week makes sense with the following week containing NVDA stock split and FOMC. Be weary of NVDA stock split, this is a bearish event for most stocks and it was for NVDA's last split as well. I got burned on that the last time😩. FOMC I have no expectations. Going into the following month (July) we will have new 3-month levels and new 6-month levels with the high prob target, so curious about that. In terms of TP expectations for next week, 530 is what I expect. Safe trades everyone and catch you in 1 week! by Steversteves4430
SPY WEEKLY 3rd June 2024Welcome to SPY Weekly. I have discussed the levels where to go long. If you have any doubts or questions please feel free to DM here on X. NOTE: DO NOT BUY CALLSLong13:30by THECHAARTIST6616
$SPY update 5%+ correction then retest of highsOriginally I was thinking that we'd see a move to the $480 support after testing the highs, however, because we haven't fallen yet, the chart no longer supports that view. Instead, I think the most likely scenario is that we fall on or after Wednesday 5/29 back to the low $500 area, then we go back to test the highs at $530. The retest of $530, will setup the lower high which will start the bear market. So basically there's one more chance to buy the dip in the low $500s, ride that back to the highs, and then you'll want to be a seller from July onwards. Let's see how it plays out.by benjihyamUpdated 131314
$SPY market top? 50%+ correction incoming?Contrary to what everyone believes is going to happen: "We're going to see a new ATH by the end of 2024 then we decline after" "There's no way they're going to let the market fall in an election year" I think we're about to start a historic correction to retest the lows from covid. Since October, price action has gone parabolic, and normally when parabolas break we see a large correction. There's a lot of catalysts that can drive the market lower from here. High rates, other central banks cutting more aggressively than us, policy mistakes, election uncertainty, etc. for those that care about fundamentals. However, my assessment of the chart is that we're at a market top here and we're going to start our decline lower in the near future. I think this move is likely to happen in the timeframe that everyone thinks we'll see new highs in (so in the next 6-9 months). If you're long, I think it's a good idea to hedge here and or set tight stops, because the move down will happen faster than most people think is possible, should it play out. Shortby benjihyam776
SPY Fibonacci Price Theory And BreakOut BarsThis instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator. Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement concepts. What I really hope you learn from this video is to see price as the true ultimate indicator for your trading decisions. Using technical analysis techniques is fine, but use price as the key element when trying to confirm or reject your trading ideas. I hope this helps you understand that price, action, and reaction through trends, peaks, and troughs are the most important components of the chart. Everything else is peripheral.Editors' picksEducation10:56by BradMatheny3349
SPY primed for a pullback on the WeeklyI recently found this parallel channel on the SPY. The 2 lines and the midpoint all act as strong S/R giving me confidence in this channel. On this second recent hit of the upper end the RSI (with 7 period moving average for smoothed results), MACD, and Chaikin Oscillator are all putting in major divergences. This group of 3 indicators is my favorite because it shows relative strength, momentum, and volume trends. This leads me to believe a rejection of the upper end of the channel is happening right now. Additionally, this recent ATH tagged the 1.382 extension from the 2022 bear market which acts as natural resistance for breakouts. 1st downside target would be the recent low, with the 2nd target being the previous ATH This is my first ever post, Enjoy :) Shortby Jake48224
spy weekly 27th MAY 2024This is my analysis for SPY for this coming week. I have clearly explained the levels and my intentions. Let me know if you have nay doubts. NOTE:WE ARE BULLISHLong05:55by THECHAARTIST9910
$SPY June 6, 2024AMEX:SPY June 6, 2024 15 Minutes. As expected, 533 was done yesterday. If we take the last sideways consolidation rise from 524.95 to 534.69, holding today 532 i have a target 538-540 levels. However as AMEX:SPY has moved from 522.6 to 534.69 from Monday to Wednesday, i expect a sideways consolidation today before attempting to hit 538 tomorrow. As we can see in chart AMEX:SPY is having multiple hits at channel mid, so I expect a breakout, retrace and then swift move to 538-540 tomorrow. The moving averages are getting sorted out to be in order with 100 expected to cross 200 today. The only negative issue is oscillator divergence which should get sorted out today. by RiderTrader224
SPY SELLERS WILL DOMINATE THE MARKET|SHORT Hello,Friends! We are now examining the SPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 522.97 level. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 224
SPY bigger pictureI am going slowly short. SPY should make another leg down this week. Level of interest is 475-470 Lets see what Wednesday will bring, until then we should stay flat. From the lows of 470, we shall do the usual election run. target 548? Ill be updating this idea. by abigreenUpdated 232335
SPY ShortThis is a setup that will take prox. few weeks to fulfill, not financial advice, you will be milk toast if you follow my strategy. Not motivated to give an explanation, due diligence before making a trade. I don't trade Spy, DXY or other USD___ and ___USD pairs except for EU. Shortby PepeJTheTrader221
LOOK AT RECNZT POST P.2not much to say ive posted about it earlier just take notice of itShortby cw1sss221
Is the $SPY pullback over?AMEX:SPY Update: Pullback might be done! Testing the previous all-time high as support and the 21 SMA holds. Bullish momentum incoming? 🚀📉 Longby infinity_kk222
SPY short hunt is ontoday is still early and will say next week for real signal but will put on a few puts todayShortby alleytraderUpdated 228
$SPY June 5, 2023AMEX:SPY June 5, 2023 15 Minutes. AMEX:SPY has managed to hold 518 levels making HL pattern. Moving averages have converged. 524.5 is important to hold now for the current uptrend. As i expect once 533.5 is crossed we will have good move till 540. So, for the day considering the rise 522.6 to 529.15, holding 525.5-526.5 levels i have a target 531.5 to 533. Since i expect downside to be limited to 524 I will go long for 531 +- a good $3 trade for today hopefully. But if it breaks 533.5 convincingly i will add more for 536 - 538 levels.Longby RiderTrader9
This will be the last rally SPY.SPY holding that 520 like god. They gonna rally test highs 533 it past that then we go 550 maybe. After that we should head down this time longer deeper. watch daily stoch turn up see how far it goes before turning. Why sell off 1. Rates are going higher u hear Bernstein saying inflation down 60% and 2% looks good target. WTF that why I play charts 2. Banks baby in trouble especially regionals other banks will fall also why debt man banks broke why they rally stock buy backs u understand that correct not productivity money to buy OWN shares back 3. Housing look XHB PHM housing about drop 4. IWM IWM has not yet and will not get to old highs that is bad bad. 5 breadth in market terrible 6 Watch fund managers sell into this rally get clients out. so lets see next week we have SMH QQQ selling off to why inflation high rates 1 more high rates why banks dropping defaults not lending Jamie diamond announce no stock buy back may 23 look we dropped hard no stock buy back to expensive. National debt crazy. Lets see how next week goes. I am long SPXL 127.85 Thanks taking time read. Comments welcome.Longby john126
SPY Classic 1WThis is my vision, now and in the current and expected future circumstances.Shortby mmj505