Expired SPY Weekly outlook. 4th WK FEB 2024Expired SPY Weekly outlook. 4th WK FEB 2024 > BULLISH 📈 CORRECT Closed Price: 507.85 Target Price: 510 | Strike Price: 513.29 MAR1 24' Upper Range: 515 Lower Range: 504 Longby putIQ1
SPY: Same sitchGoing to write an idea but it will be brief; Same setup as last time with a break below the next week threshold. We also see that its rejected the wedge. So PL1 is the immediate target and maybe a bit steeper. But maybe not. It does seem to really want to break out of this wedge so it may go running at it again. Look for bounce/ support at PL1 if we get there and if it bounces, I would get long. Trail at the wedge and hope that this time it makes it. Else we tank to the low targets and bottom of the wedge. In which case, I would be short until the low range in the chart. That's it, its pretty straight forward really. It will chop and what not but its just a given now. Some other notes, some major earnings are being released this upcoming week, if you are interested in following those, the ones of note are: 1. BRK.B (Berkshire Hathaway). Currently its at an ATH and vastly over-extended but this is a big one to follow earnings with. 2. KROGER 3. Hilton (HGV) 4. AMC 5. Macy's (M) As well, an interresting short setup is BAX. It showed up on my abnormal option activity radar with a huge short interest. I checked ou the chart and I can see what people are seeing: Its on my radar. Last note, since I get so many questions about it, SMCI is poised to break 1005 in the coming days. Those are my thoughts, safe trades and have a great week!by SteverstevesUpdated 6633
SPY Trendline from 2000 CrashExpect some volatility. This Trendline goes all the way back to the year 2000 top. We have broken through it on QQQ but QQQ usually breaks through its Trendlines first then Spy. Backtest/ false breakout QQQ Rejection SPY PT 507 Monday 3/04 438 QQQ Shortby morgancharlie90444
DOA trading Strategy - SPX, SPY, US500Sorry I haven't posted in awhile, here's a quick analysis on SPY. As mentioned from the last SPY analysis back in October 27, 2022 that we're still correcting in the market. Now here's an update after finishing that correction in the market. (#SPY) - Update, we're finally finishing this nice retest on SPY after breaking the downtrend. We can drop more to $395 area but and if we hold there expect SPY to hit $427 next.Longby directoptionalertsUpdated 1
SPY - 15 MInutes ChartMy previous plan back-fired, the rising wedge didn't work out. So, I draw the trendline(from premarket) to open market, and, you'll see the hammer right before when the trendline cracks, and it exploded, so ride off on ema 9's. by l4uren_stew4rt0
$SPY March 1, 2024AMEX:SPY March 1, 2024 15 Minutes AMEX:SPY manages to hold 505 one more day. 505.17 was not broken and made an HL at 505.35. The final push to 510 came at the last minute. But heavy selling pushed it back to 507 levels. For the consider the rise 505.35 to 509.74. Holding 507 uptrend continues. Today if 508.4 is broken I expect a push to 510-513 levels. Similarly, if 506.5 is broken I have downside targets 504.2 being 200 averages and 9 MA in daily.Longby RiderTraderUpdated 558
Almost ThereHarmonic is almost complete. Expect a nice retrace. We will see if this is "The Top" or "A Top".Shortby Macavoy833312
SpyOver the next week i think Spy and QQQ will both Test their 50sma. I dont think that will be then end of the selling but you always want to keep a heads up for a major dead cat bounce at the 50. Heres spy on The 2hour chart as you can see it bounced off trendline support here on this ascending broadening wedge. At 494 is a gap and 20ma, that will be the next target that spy will test either tomorrow or thursday. Below 494 and 490 is incoming. Overhead resistance will be 498.50 Below 490 and there's nothing until the 50sma. Qqq Wedge was broke today. This is huge!, first break of the uptrend for Nov reversal. Closed below 20ma at 428.. with these wedges theres always a retest chance but i dont think this thing closes back over 430 until the correction is done. Qqq 30min Below 422 and we head 416.. This moved would be the completion of the of a much larger H&S.. At 416 /50sma id be looking for a major bounce here to form right shoulder My final target on this correction would be 400-404 by End of march. Why so long? Well it will take at least 1-2 weeks of chop for right shoulder Bullish fawkery scenario .. retest trendline 430-432 then reload putz. IWM 4hour chart.. Closed back inside channel.. tough resistance at 200.. short target is 195-196. Stop loss 201. Dow jones daily chart Dow jone 1hour Taking its sweet time back to 38,000. The thing is, when investor rotate out of tech , they buy value , health , blue chip and the dow is mostly made up of those 3. So yes i expect a sell on the dow but it will be a snail compared to Nasdaq. Bullish only over 39k. I'll go over entries tomorrow premarketShortby ContraryTraderUpdated 676781
SPY - 15 Minutes Chart - Rising Wedge Pattern ChartOn the Chart, You'll see the rising wedge. There's EMA 9 and VWAP lines - please monitor the lines and see if its going to break out. The goal - is to see rising wedge chart breaks out at 5 and 15 minutes chart, and as well ema vwap cross ema 9.by l4uren_stew4rt223
Market bulls take restAfter a spectacular rally last week market bulls are taking a pause. Last two days look quite bearish on the daily chart but if we look at lower timeframes we won't see any signs of strong selling. Price is drifting down very slowly as a result of profit taking and low initiative from buyers. The high level context is still very bullish: we're in an uptrend, market made new high, retracement <30%, there is an unfilled gap from last week. There will be some volatility as new economic data released, but at this moment my bias is 100% bullish Disclaimer I don't give trading or investing advices, just sharing my thoughtsLongby hermes_trismeUpdated 114
Spy Short Put SwingLVN, for the trading range, Small position Puts, Jan 5 Expiration, $503 Strike..Shortby Smart_Money_CpyderUpdated 110
Volume short $495I'm in a risk trade currently short due to the declining volume. I'm seeing an apex forming on the volume. Possible retrace back to 495. In best interest to monitor futures before considering short on sp500 tomorrow.. my 1st target short on futures 5063Shortby moneyflow_trader404017
SPY - Trade History (Of this morning) Trading View would not allow me to publish 5 minutes chart, only at least 15 minutes chart. Also, I am writing self-notes. Used Few Technical Analysis to make the decision when purchasing spy. There's one mistake I did, I bought (PUT) too early when it's in consolidated. I should have wait until consolidation BREAKS OUT, and then buy the (put contracts) because this way, it would not eat up the intrinsic value. by l4uren_stew4rt0
$SPY February 29, 2024AMEX:SPY February 29, 2024 15 Minutes. AMEX:SPY continues to be in a sideways narrow range. All moving averages have consolidated and 200 is at 503 levels. At the moment it looks like the gap may be held. I expect a swift move from 510 levels to 513 levels since in the day holding 490.72 is important for an uptrend. So if we consider the extension from 490.72 to 502.86 to 493.56 the 1.618 level is around 513 levels which is the target once 510 is taken out. On the downside I expect 503 to hold as of now. 503 has to break convincingly for 500 levels as next target being 100 averages in 60 minute time frame. I expect a swift move today. So probably need to look at pre-market to take a call. For the day we can see AMEX:SPY making LH pattern and at the end of the day made LL. So breaking 505.17 I expect 503 today as an initial target. On the upside, if crosses 507.16 I expect 509-510 to provide resistance. by RiderTrader3
SPY - Result - Chart Pattern Broken (Downtrend)SPY - Result - Chart Pattern Broken (Downtrend) - Unfortunately the downtrend occurs during (aftermarket hours). by l4uren_stew4rt110
SPY - 15 Minutes - Created Two Plans (One for Call, One for Put)It's almost nearby the end of market - not sure if the line will breakout the pattern in time before market close. Let's wait and see. by l4uren_stew4rt0
Monitor Closely for possible BreakoutMonitor Closely for possible Triangle Breakout, then buy PUTby l4uren_stew4rt0
Bullish Wedge?This looks like a bullish wedge over a period of time. Its rater thin however so I'm not putting big money on this one.Longby Markets-Sniper1
2 island reversal patterns?Looks like two island reversals.... Odd. Its not the greatest look for the future, but the fact one reversal was neglegated maybe two will be.....?Longby Markets-Sniper1
SPY - 15 Minutes Chart Pattern (Triangle) Do not buy, til there is breakout opportunity with confirmation.by l4uren_stew4rt0
SPY (Morning Tech Analysis) 1. Orange Trendline Cracked. 2. Buy (Call) 3. Call climbs and hits (Day Patterns of Resistance Yellow Line) 4. Sell (Call) (Pink Trendline)by l4uren_stew4rt0
SPY - Tech Analysis (Overnight)1. Notice there's a price gap. (which needs to be filled) 2. Add High Price of the Day and Low Price of the Day Lines. 3. Add Support/Resistance Lines.by l4uren_stew4rt0
Ideas less than 15 min aren't allowed... I freehand drew some lines but they really made more sense in 5min modeby pogicraft0