SPY Will Keep Growing! Buy! Hello,Traders! SPY is trading in an Uptrend in a long-term Rising slightly narrowing wedge And as I am bullish biased I think that the price Will keep going up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals113
Because selling can sometimes be a slow burn...Things seem oversold short term. Doesn't always mean it will bounce. I don't even want to guess where prices will be after FOMC since we're simply releasing some of those pent up profits. Obviously, barring any sudden news, after the selling stops, we'll try for more ATH. But between here and before May, I'm just not sure how sudden the selling will be. Obviously things remain overbought in the medium term and long term wise its just cyclical predictions that prevent me from remaining bullish -- but it being a election year where Fed seems intent on cutting rates regardless of creeping inflation, we could see SPY $620 and a big screw you logic from the markets before any drops. Just be careful... or stubborn but have long dated positions. People aren't exactly clamoring for the exits yet -- more of a, I'll sell 10% of my positions and see where things are after spring break type of mood.Shortby pogicraftUpdated 1
Expired SPY Weekly outlook. 2nd WK MAR 2024Expired SPY Weekly outlook. 2nd WK MAR 2024 > BULLISH 📈 CORRECT Closed Price: 511.72 Target Price: 513 | Strike Price: 518.22 MAR14 24' Upper Range: 751 Lower Range: 274Longby putIQ1
S&P500 3 Months Trading Channel Hey guys, didn't post new set-ups because the market is quite boring right now. But explored some ETF and found an idea for stable trades. As we know, ETF's and some pairs are like to move in long channels, which is pretty easy to trade. Here at the S&P500 we can see the raising channel from 5th January and I mark the zones, where you can open long positions, as the channel is raising I will recommend to trade only long positions. What we're looking for before open the position: 1) The price have to cross the support level of the channel 2) As a help you can use Awesome Oscillator (if the oscillator is changing color and starting to raise up) you can use this as confirmation to open the position. IMPORTANT! Don't forget to follow RM strategy. Use SL orders a bit lower from price crossing the support line! Trade stocks and ETF at BingX with no special requests, only using crypto by my link: bingx.comLongby CarpBuro0
🔜 S&P 500. A key point between Bull Extension and Bear ReversalThe S&P 500 Index ( SPY) Wednesday closed down -0.22%, the Dow Jones Industrials Index DIA closed up +0.10%, and the Nasdaq 100 Index (QQQ) closed down -0.83%. Stocks Wednesday saw downward pressure from the +4.1 bp rise in the 10-year T-note and a sell-off of more than -2% in key chip stocks. However, the Dow Jones Industrials saw support from blue chips such as 3M (MMM), with a gain of +5.42%, and gains of more than +1% in Travelers (TRV), Chevron (CVX), Caterpillar (CAT), Home Depot (HD), NIKE (NKE), Goldman Sachs (GS), and Coca Cola (KO). Stocks on Wednesday gave back some ground after Tuesday’s +1.5% rally in the Nasdaq 100 index that was sparked by optimism that the U.S. Feb CPI report was not as bad as feared and the Feb core CPI dipped to a 2-3/4 year low of +3.8% y/y. However, the Feb headline CPI of +3.2% y/y was slightly above expectations of +3.1% and was 0.2 points above last June’s 2-3/4 year low of +3.0%. Both CPI measures remain well above the Fed’s +2% inflation target. Fed Breadcrumbs Fed Chair Powell said last week that the Fed is “not far” from having enough confidence to cut interest rates. However, the markets are discounting the odds at virtually zero that the Fed will cut interest rates at its meeting next week since inflation is still too far above target. The odds for a rate cut are much better for the June meeting. The markets are discounting the chances for a -25 bp rate cut at 1% for next week’s March 19-20 FOMC meeting, 13% for the following meeting on April 30-May 1, and 73% for the meeting after that on June 11-12. Economic Reports In some positive news for the housing market, the MBA mortgage applications index rose +7.1% in the week ended March 8, after rising +9.7% in the previous week. Mortgage purchases rose +4.7%, and refinancings rose +12.2%. The MBA’s average 30-year fixed mortgage rate in the latest week fell to a 5-week low of 6.84% from 7.02% in the previous week. The mortgage rate is currently only 13 bp above the 10-month low of 6.71% posted in December. On the U.S. economic report front, the markets are awaiting Thursday’s U.S. retail sales and PPI reports. Feb retail sales are expected to show an increase of +0.8% m/m, reversing Jan’s -0.8% decline. Feb retail sales ex-autos are expected to rise +0.5% m/m, reversing most of Jan’s -0.6% decline. The Feb final-demand PPI is expected to rise to +1.2% y/y from Jan’s +0.9%, but the core PPI is expected to ease to +1.9% y/y from Jan’s +2.0%. Interest Rates June 10-year T-notes (ZNM24) Wednesday closed down -7.5 ticks. The 10-year T-note yield rose by +4.1 bp to 4.192%, up from last Friday’s 5-week low of 4.034%. T-note prices saw weakness on (1) carry-over bearishness from Tuesday’s stronger-than-expected CPI report, and (2) Wednesday’s slight rise in the 10-year breakeven inflation expectations rate to 2.31%. T-note prices also saw supply overhang with the Treasury in the market again Wednesday, along with strong corporate bond issuance. The Treasury Wednesday sold $25 billion of 30-year T-bonds, after selling $54 billion of 3-year T-notes on Monday and $42 billion of 10-year T-notes on Tuesday. Inflation Fears Oil prices rose about 3% to a four-month high on Thursday (March 14) on a surprise withdrawal in US crude inventories reported on Wednesday (March 13), a bigger-than-expected drop in US petrol stocks and potential supply disruptions after recent terrorist Ukrainian attacks on Russian refineries. Putin says Ukraine trying to disrupt Russia's presidential election. Brent crude oil futures rose to nearly $85 per barrel - the highest mark since November, 2023. In technical terms, crude oil futures are on positive path in 2024 with near 9% YTD return, attempt to hold firmly above weekly SMA(52), while the epic triangle' breakthrough can be nearby. High Risk - High Reward S&P500 index (SPY) is on positive path in 2024 with +9.28% YTD return in this time. This is a 3rd highest YTD return by this time of year, next to 2012 and 2019 returns by mid-March. Technical graph for S&P500 indicates that we are near upper line of upside channel, thanks to recent Santa rally and slight signs of US Govt Treasuries buyout in Q4 2023. Following this path, there can a possible Bull extension, as Reversed Head-and-Shoulders Price Pattern can be in further development. On the other hand, inflation fears can extend also, just to erase all the Bullish gain in 2024. by Pandorra6
S&P Sector rotationPut together information on what is happening in major S&P sectors Majority of sectors are strong on the daily chart. There are some short-term problems on lower timeframe but they can be overcome. This is good for buyers as it shows that money is not leaving the market but moving from one sector to another. A lot will depend on tech bulls. XLK must clear 212 resistance to help market move higher. You can find my market overview here AMEX:XLK AMEX:XLV AMEX:XLF AMEX:XLY AMEX:XLC AMEX:XLI AMEX:XLP AMEX:XLE by hermes_trisme1
Cup is formed and handle is in progressLooks like a beautiful cup and handle formation on the 30minute timeframe. Let’s see if it plays out but setting my target around $525. What are your thoughts?Longby empire4653110
$SPY March 14, 2024AMEX:SPY March 14, 2024 15 Minutes. As expected AMEX:SPY retraced to 515 levels. Considering the rise from 504.91 to 518.22 AMEX:SPY retraced to 508.5 which is more than 61.8% of retracement. Hence AMEX:SPY is struggling to move up. If we consider the fall 518.22 to 508.5 SPY needs to be more than 514.5 levels which is 61.8% retracement for the fall. And AMEX:SPY is holding to that level last 2 days. For the day consider the rise from 510.51 to 517.38. AMEX:SPY needs to hold 514 levels to resume uptrend to 518 levels. Moving averages have converged. 100 is around 514 levels. For the holding around 514.5 I expect 518-519 as a target.Longby RiderTrader1
$SPY monthly chart analysis CAUTION Looking at the RSI, it appears to be weakening. See the downward slope trend. A bit more leg and then it may have a major retracement once leadership names are falling. Shortby Silverbullet1211
SPY just WHYTo me metrics like containment ratio and rSquared are just ripe for a significant correction. What will the numbers tomorrow and Friday AM bring?Shortby MAgicTrx1
XRP MEGA PUMP - 2000% ROI incomingA picture worth a thousand words. XRP is in the longest accumulation phase ever and just starting to gain upward momentum. If you didnt load your bag it is last opportunity to buy cheap. Expected take profit range 15$ - 20$. Longby pablo82111
SPY Consolidation DayAfter yesterdays' run up looks like today will be a consolidation day for SPX. Look to Thursday and Friday to close strong on the weekly chart. The bulls will most likely pin the week to all time high close.Longby mactus3
$SPY March 13, 2024AMEX:SPY March 13, 2024 15 Minutes AMEX:SPY managed to hold 510 levels and the expected 514 levels and above were done for the day. For the day of the last rise, 513.55 t 517.38 is to be considered. Holding 515 levels we can expect 518 levels. The buy-in day will trigger only above 518.22 levels. AMEX:SPY above all moving averages. The Elliott oscillator is showing slight divergence hence a pullback to 515 levels and then an uptrend will give a better entry point. We also have a black bar on stochatis on top and CCI green. I have a target for 519-520 levels holding 515 levels for the day.Longby RiderTrader443
$SPY AlgoTradeAlert IndicatorAMEX:SPY AlgoTradeAlert Indicator is our proprietary algorithm indicator for tradingview. Longby AlgoTradeAlert1
SPY Bull Put spread… clearly see a (medium term) trend on the daily SPY , and overall market. if the markets do pull back towards lower trend support, given the disappointing inflation data, increased volatility could make for a nice opportunity to sell puts. I do expect there to be strong upward support at the lower trend support line/channel. If the trend channel fails, stop losses logically below it, as you see fit. personally considering a bull a put spread depending on price action over the next few days.by WillNixTrading0
Either DXY or SPY is LyingEither the Dollar is lying or the SP500 is lying. Both can't be telling the truth. Who is being truthful and who is lying to you?Shortby grumpa061
MOMENTUM TO THE UPSIDE ON $SPYNotice a signal for some calls on $SPY. When the 15ma (BLUE) crosses up the 60 MA (PURPLE) while momentum is above 2 usually indicates a run up. Ive played this multiple times with more success than fails. Will wait for an entry if PA comes near trend line. Looking a week out calls probably around $520sLongby The_SPY_Who_Shagged_MeUpdated 1
Looking for SPY continuation on 3-12-24Looking for SPY continuation on 3-12-24 The chart shows a bounce on the 3 Day low yellow. Pink is 8 day low The blue line is the 5EMA on Day timeframe. A stock with momentum typically bounces within this range. There are a couple of EMA combo clouds 5/13 and 55/100. The ttm squeeze set to 1 hour timeframe shows squeeze release The bottom frame shows the RSI and %R trend I have added trendlines for each bull pushLongby T3chn0joeUpdated 2
OBV ResistanceThis does not imply 2020 to me but rather resistance in the form of a pullback vs consolidation before the next leg up. I'll mark this neutral since I would only use this as one tool of many to make a better decision on direction.by bluesky5090
Market Profile vs Volume Profile: Which one is a better tool?There is an ongoing discussion within the trading community about which tool is better for analyzing market behavior: Market Profile (MP) or Volume Profile (VP). The former was popularized by Jim Dalton in his book "Mind Over Markets," while the latter has many advocates as well, including Peter Reznicek (aka ShadowTrader). With the release of the new "Time Price Opportunities" (TPO) indicator by TradingView, we can now closely examine the disparities between the two and explore which one works better. For starters, I won't delve into explaining what Market Profile is and all its related artifacts (e.g., TPO, single-prints, poor high/low, etc.). TradingView has done a commendable job explaining key concepts in the indicator description. For those seeking more, Jim Dalton's "Markets in Profile" is a recommended resource, an easier and more up to date reading than the original book. Additionally, there are numerous free webinars available on YouTube. Both MP and VP serve similar purposes: 1. Assess day character by analyzing shape of intraday distribution (price-time/price-volume) 2. Identify important levels that are not visible on the standard bar chart (VAH, VAL, POC) 3. Spot structural weaknesses and anomalies. The key difference is in the basic building block: Market Profile uses time at certain price level whereas Volume Profile uses volume. Let’s look at AMEX:SPY chart to explore the differences What stands out is that intraday distributions are nearly identical. There are slight differences in key levels (VAH, VAL, POC) but they are negligible. Note how on Wednesday, the price first retests Tuesday's VAH, then Monday's VAL, then again Tuesday's VAH. After confirming support, it rallies up the next day. From the perspective of the stated goals, we can efficiently achieve the first two, regardless of the tool we use. The third goal is a bit tricky and requries a seperate long discussion. So I won't dwell on it here In overall, we can see that Market and Volume profiles are pretty much alike and it doesn’t make much difference which one you’ll be using. Or does it? So far, we looked at the regular hours chart (RTH). What about futures and similar instruments that trade 24 hours? Let's look at CME_MINI:NQ1! chart Here, the difference in distributions and levels is much more pronounced. The best example is Friday where not only POCs are completely misaligned but even the shapes of distribution (MP is more like a bullish p-shape, whereas VP is a bearish trend day). The disparity in distributions is explained by the difference in volume traded during regular hours (high volume) and extended hours (low volume). Due to this asymmetry, Volume Profile is always heavily skewed towards RTH. Meanwhile, Market Profile is session-neutral, giving the same weight to overnight and regular hours TPOs. Understanding of disparity doesn’t answer question of which tool is better. For example, when it comes to key levels, price sometimes respects MP levels and sometimes VP ones. My take is that we need to pay attention to both when they are pronounced. Good example is Tuesday’s prominent MP POC. Although it was built up overnight on low volume, it was revisited the day after and acted as resistance. To conclude: For tickets that trade primarily in the regular session (or if you look on RTH session chart only) there is no difference whether to use Market or Volume profile. Both provide same information. (note that volume data on lower timeframes depends on your broker and/or whether you buy real-time data from exchange; reliability of volume data is a separate discussion topic). If you’re trading 24h instruments I find more useful using MP as it can give important information about non-regular low-volume sessions. For RTH, it will still give the same results as VP. You can also use a combination of two but then you’ll face a challenge of reconciling difference in distribution shape (like the Friday example). As there is no clear answer how to do it, I recommend sticking to one tool at a time. P.S. I have not done any research on very low timeframe (<5m) for intraday accumulations/distributions. As MP was originally developed to analyze day character (Jim Dalton suggests using 30m TPO) it might not be well suited for lower timeframes (e.g. if you trade within 1h range), and this is the area where VP has advantage. Another point to consider is that currently TradingView provides a wider range of VP tools, incl fixed range, anchored, etc… Educationby hermes_trisme0
$SPY March 12, 2024AMEX:SPY March 12, 2024. 15 Minutes AMEX:SPY opened with a gap down but managed to hold 508 levels. It was mostly sideways between 509 to 511 levels the whole day, around 200 averages in 15 minutes. Consider the fall of 514.46 to 508.5. Strength is only above 512.5. For the day need to hold 509.5 levels for a possible move toward the 512-514 area. If AMEX:SPY can consolidate between 509 to 512 levels I expect a trend move on Wednesday. Daily we have 2 levels to watch. Buy is only above 518.22 and 21 ema is around 504 levels. I expect Tuesday should give us a clue for Wednesday's movement as long as the range mentioned for Tuesday is held.by RiderTrader4
$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