2 Bullish TrendsThe golden pocket is in play if the support is broken. However given the absolute pumpage I am leaning torwards the top red line, breaking right out of the resistance. Longby Shredderr1
Clearly out of the trend channel SPY is clearly out the bulling channel that formed over the last 3 months. Expecting more weakness in the coming month. Shortby rdf1003
SPYThe target area of Point D hit from my prior post a month or so ago. RSI is oversold, bearish crossover is occurring as well. I feel we will see a 10%+ pullback over the next several months. Shortby SupernaturalSpiritAnimal114
SPY rangebound rest of today - awaiting tomorrows dataSpy appears that it will be rangebound as the two different wedges I have draw come to a point at 2:30 and 4PM this afternoon. Don't recommend any short term options expiring today. I was lucky and caught the downfall this morning after it tried to break out and closed for ~90%. My guess for tomorrow is that it will break upwards based on this mornings open above. Good luck trading!by Conoveca11Updated 0
Where does the super cycle stops?The GOAT is thinking that we are at the end of our lifetime's super cycle. SPY will top up at or around 600 (if not at 550). From there, there will be down-turn for the rest of 2020s. NOT A FINANCIAL ADVICE!by GoatOfWallStreetUpdated 6
$SPY April 9, 2024.AMEX:SPY April 9, 2024. 15 Minutes. After the fall, sideways as expected. AMEX:SPY has retraced 61.8% of the fall. Buy is still above 525 only. Need to close above 200 averages in 15 minutes. As all moving averages are near in 15 minutes I expect a onesided move today based on open. If break 517.5 I have a target of 512-513 levels and ig cross 520.5 then the target is 523-524 levels. 512 is approximately 61.8% retracement for the move 509 to 524 as marked in the chart and 522-524 is channel mid and top respectively.Longby RiderTrader115
S&P500, How we doing? Still lower than 2001 Dotcom burst.Hi, 1PERCENT here. It is important to notice that currencies in the world all lose value over time. It converges to 0. The median home price went from $20K in the 1960s to $385,000 today. The house did not change obviously. But your currency value decreased. Why is that? You gotta understand that the whole system is built on debt. To learn more about it, definitely check out Mike Maloney's Hidden Secret of Money documentary on YouTube. Now, that you are aware of that, let's look at this comparison chart between S&P500 as you know it, and S&P500 inflation-adjusted (using US CPI) Quite different right? It took 2648 days for the market to get back at ATH after the Dotcom Bubble, but considering the inflation, it actually took more than 6000 days . We are now over 230% from the top of the Dotcom Bubble, but actually only 83% when considering inflation. So how about S&P500 measured in Gold, that history has shown over and over again as "True Money"? Well it is the main chart of this post. We are NOWHERE near the Dotcom Bubble top, and getting rejected at the resistance level formed since the burst of that bubble. Now, we are sitting at a crucial trendline that acted as support since 2011. Once we break it, bad things can happen. If you are a stock-only investor, you can think of this as an incoming opportunity to load on your index fund at a much lower price (when measured in gold) than it is today. That's it for today. 1PERCENTShortby RVD_1PERCENT2
Quarterly Outlook: SPY, QQQ, DJI, BTCUSD As promised, video going over the quarterly outlook for the above mentioned indicies. Let me know if you have any questions! Safe trades and thanks for watching!09:04by SteverstevesUpdated 32
SPY sideways until Mid-April and then we move down...SPY sideways until Mid-April and then we move down after hitting resistance at 528. 50 day moving average will bounce it back up and then down to 200 moving day we go. Shortby grumpa062
Active SPY Weekly outlook. 2nd WK APR 2024 (FREE SAMPLE) Active SPY Weekly outlook. 2nd WK APR 2024 (FREE SAMPLE) > BULLISH 📈 Closed Price: 518.43 Target Price: 523.07 Upper Range: 542.41 Lower Range: 503.73 Longby putIQ1
SPY / S&P500 Cycles & TA: 4/7/24Cycles and MACD have just triggered a BREARISH WARNING for the entire stock market.... This is a somewhat serious concern as this might be a real test for the BTC bulls out there to see if BTC fully decouples from stocks or if it get dragged down with SP500. 15:20by Majorcycles5
S&P Bounce IncomingI'm feeling like we are going to see a continuation of the uptrend that was formed on Friday morning. I'm hoping for 522-525 retest. Longby Premium-Flippa5
SpyHeading in to April The market cycle is upside down.. Usually you see a small correction late Feb- March from profit taking of the holiday rally Nov-Feb. April is usually bullish then its Sell in may and go away. Monthly Candle are outside Bollingerbands on Spy, DJI, and NYA. NYA is the most extended. NYA moved the most closely with IWM and Financials. Go to your monthly chart. Now go to NYA and place your bollingerbands; Scroll back the last 20yrs and look at the following month after being that extended. A correction occured to pull price back inside bollingerbands. Now thats the technicals, but like i said April is usually bullish and Earnings kicks off with banks and cylicals. So if we push through bank earnings without a pullback then i doubt one will come until May. Heres NYA/NYSE daily chart.. east uptrend here with No bearish divergence, 18,500 next stop so I'll be looking for a move to 18,500 this week or top of channel Here's Dow jones daily. 40k incoming then a pullback to support or 39,200 IWM chart. Closed over 210 friday. Most likely 214 this as long as price doesnt close below 209 on any pullback. Short at trendline resistance . Any close below 209 is bearish, short back to 206. Qqq 4hour chart Price basically consolidated all last week.. channel Support and 20sma is at 440-441 , so any thing below that is bearish , other wise they'll buy this up 2hour close up.. long over trendline resistance . Short below 440. 441-445 is chop Spy 4hour chart Middle of the channel Similar to NYA. Early in the week price could go either way. Long over 525. Below 523 , 521 is incoming. I dont think price will drop below 520. Daily candle finished bearish thursday but PCE and dovish Powell could negate that and price could rise instead. Bullish scenario, price pushes pass 525 then we head to channel top or 530 before pulling back to 518 or 20sma As far as the tech sectors SMH and XLK both tested there 21ema last week and bounced so dont be surprised if Tech leads the way early. Price in the tech sectors look similar to Qqq, Coiled and consolidated.. lets see what happens.. by ContraryTraderUpdated 181838
SPY Will Go Down! Sell! Hello,Traders! SPY broke out of the rising Wedge pattern and is now Retesting the broken support So we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals3310
SPY WEEKLY APRIL 8,2024Welcome to SPY weekly. I have clearly discussed the levels where we can trade and what is my expectation. If you have any doubts feel free to DM me . NOTE:DO NOT SHORT THE MARKETLong14:57by THECHAARTIST115
Holy Cannoli...So many things saying sell and take profits right now it's not even funny. 500 is the first real support. If that green wave iii uptrend is to stay in play, we need to bounce at 500, which would only be -3% or so. Then 485 is the next support at the bottom of the uptrend channel. If 485 is broken then those red downtrend C waves are in play. 1. SPY ran into trouble at the top of it's uptrend channel. Technical short-term sell indicator. 2. SPY is about to close the week with a bearish engulfing pattern. This is actually a call for a large downtrend. Look at the large white arrows pointing down. Those are all similar weekly candles that led to major corrections. 3. Gold/Silver/Oil are all going up meaningfully. Inflation coming back...? Or the markets may finally be pricing in geopolitical tensions with Iran now vowing revenge. 4. The BTFP ceased extending new loans on March 11, 2024. www.federalreserve.gov 5. Reverse Repo is running out of money to pump into the market. fred.stlouisfed.org 6. I am counting 8 unfilled gaps, which...by no means do they need to all be filled. There is no law that states gaps must be filled, but rather it is a tendency. This is similar to the tendency of pull backs to be alternating in character (if the last pullback was long a choppy, the next tends to be short and sharp) Extra Sidenote/Soapbox here: Believe it or not, long term bond yields are still in an uptrend. Credit is still constrained, and we'd already be in a financial crisis if it weren't for the fact that the Fed is allowing banks to void the mark-to-market principle in treasuries. This means if a bank purchased 1 trillion in treasuries, but they are down -50%, they can still currently claim to have 1 trillion in "liquidity", which is absolutely not the case because if they had to sell them tomorrow either the Fed would have to buy them and take gigantic losses, or the market would pay them the market rate and the banks would fail. Imagine your brokerage account was down by 50%, but you could claim you have 100% of those liquid assets and go get a loan back off that. That would be illegal for us mere peasants. We are in weird, weird times. www.conference-board.org Check out the US10Y Shortby MonetaryRebel223
Spy Short Its time for 3-8% corrections before moving To all timAll right boys and girls its finally time to short the market for our 3-8% correction that has been long overdue, as you see the charts below my Price target min before I go long on spy is $498 the way this market has been performing i suggest this target will be reached in 10 trading days from now!!!! Scenario 1 we hit $498 before making Ath Scenario 2 we hit $498 drag all the way down to 470 then heading high to continue Bull Run if this Plays out expect the rest of March and April to be in a downtrend!!! I will be updating every few days or upon requestShortby JoeWtradesUpdated 9090115
SPY/GLD Long term trend of SPY vs GLD coming into a long term support trend line. Are we about to see GLD outperform SPY? It be a big deal well beyond ratio with risk model implications for all markets and assets. by joshrleonard0
How I view the SPY over next whileThe top target looks more and more likely to me. However the tight range of the last 6 days has to break up or down decisively to motivate me to take any position in the indices. I will be keeping an eye on larger time frames to see if they are giving me clues. Other than that real simple, doing nothing till the market does, maybe some tiny play positions.by alleytraderUpdated 0
$SPY April 5, 2024AMEX:SPY April 5, 2024. 15 Minutes. Stop loss hit. But the target was achieved as expected. One of the days where we tend to blame. Cheated. Gapped at open. Closed trade and computer. Knew it was not my day. No trade today also. The chart is corrupted. We have 508 as 50 average in daily. Possible target? Have to see. Shortby RiderTrader223
✅SPY BEARISH BREAKOUT|SHORT🔥 ✅SPY was trading in a Strong uptrend in a Rising wedge pattern But now we are seeing a Bearish breakout and the Breakout is confirmed so We are bearish biased now And we will be expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx115
S&P still very strong; rally goes onLast week began with bearish consolidation, which was short-lived. The bulls quickly regained control, established a daily higher low, and broke through the previous week's resistance at 524.1 . Although the breakout was not very strong, it was still meaningful. The March close was very strong, posting a +3% gain, and both weekly and daily charts are indicating an uptrend. All major sectors appear strong. The bulls have full control, and the rally is likely to continue. This week is heavily loaded with economic data releases, which might cause some volatility. However, unless there are major surprises, it should not affect our main thesis. Important level to watch is 518.4 . As long as it holds, buyers are in control Disclaimer I don't give trading or investing advice, just sharing my thoughts.Longby hermes_trismeUpdated 8
SPY: First week of SprilHey everyone, I'll make it quick because I haven't been paying attention to SPY and don't track it much anymore. So I'll just give you the cliff notes. Gap up is the expectation which seems confirmed looking at ES. If ES can hold this level overnight it seems like we are in good shape. 523.21 ish is the reference target. Ideally we gap above that and then that would be the immediate target. Inversely, if we open below it, then its up to that target. Daily Heikin Ashi shows a potential move to 518. ARIMA agrees that 518 is a likely target this week. So watch for some potential downside. Otherwise, slow and painful chop that manages to snag ATHs in the most uneventful way possible, all the way up to the high targets posted on the chart. Your give away there will be a hold of the threshold range. If we hold it, then its up. But if we break it then I would be watching that 518 like a hawk! Safe trades everyone! by SteverstevesUpdated 222241