SPY - 15 Minutes (Pattern) TrianglePost this, to show the example to Leo, who can check it out, and get notification via e-mail. ENJOY!by l4uren_stew4rt0
SPY Liquidity Tells the StoryThere's great potential for a bullish move to 509.79. There's a nice inverse H&S set up on the 30 min chart, with liquidity to grab at 508 to push further to the upside, we just got a retest & bounce off the 5 daily SMA to the upside as well. If bullish, 509.79 would be a great key level to take all profit. I wouldn't leave runners simply because there's a lot of sellers waiting at this level and previous bullish rejection. However, we must also prepare in case we have bearish activity. As of now, we are in a bullish trend but if we have a move down there is sufficient liquidity to grab on the way down at 505. These liquidity levels are very important to watch because they may provide the momentum we need for a strong continuation in either direction. PCE report is on Thursday so the market may chop with little movement and returning to the 5 Day SMA for safety until then. Thursday may be the day where we reach new highs or grab large liquidity at 505 to the downside. Keep a close eye on the QQQ as a potential catalyst. This is my market context analysis for the week. Let's print money!!Longby fyre2020112
$SPY February 28, 2024AMEX:SPY February 28, 2024 15 Minutes Yesterday did not get a chance to short. Once more 505 was protected. Consider the rise 493.56 to 510.13 504.75 to 507.16 and the fall 510.13 to 504.75 For the first rise, AMEX:SPY has retraced 38.2%. For the rise at close AMEX:SPY needs to hold today's 506 levels to continue the uptrend. I expect 508 to be resisted allowing shorting being 61.8% retracement for the fall 510.13 to 504.75. In the day holding 490.72 is important for 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. At the moment I have 503-504 as a target on downside shorts at 507.5 - 508 levels SL 509.1 and buy above 510 for 513. Longby RiderTrader224
SPY. Long Tem UptrendA simple chart showing the trajectory SPY has been on for the last 20 years. We frequently find basing support along a rising 200 wk average, along with a near perfect parabolic support curve. The green arrows demonstrate that a basing period that finds support along this 200 period line tends to precede a general uptrend lasting 2-3 years. Would not be surprised if the current rally lasts till the end of 2024, but of course nothing goes straight up and there will be a few 10-12% corrections along the way. Longby jjmatsjr0
Is it crowning?Sure looks like this will be the head of a head and shoulders in the SPY. Shortby MAgicTrx1
SPY WEEK AHEADSince last NVDA push, I am leaning towards short, not taking any position yet as we may dance around upper trending line. Ultimately 496 would be my target for short and long from there to 512.by abigreenUpdated 4410
$SPY $SPX Daily Analysis, Key Levels & TargetsAMEX:SPY SP:SPX Daily Analysis, Key Levels & Targets Alright, y’all…We consolidated to the 30min 35EMA (and broke just under it at aclose) after that big NVDA move… nice… now what… what are your thoughts? The bottom of the implied move for tomorrow is right at the top of that NVDA gap… Full walkthough of the levels on tonights video… would love to hear what you think!! Shortby SPYder_QQQueen_Trading223
SPY at a high90 or so days over the 23 day MA of lows that is almost certainly a significant high with that ratio. Let’s see how far and how fast we come off. Shortby MAgicTrx0
$SPY February 27, 2024AMEX:SPY February 27, 2024 15 Minutes. As expected a small retracement happened and 505 was protected yesterday. For the move 503.02 to 510.13, nearly 61.8% retracement is done. For the fall 509.06 to 505.86 507-508 will be a good place to short. For the rise of 493.56 to 510.13, we have a 61.8% retracement of around 500 levels. For the day I will short around 507-508 for a target of 502-503 levels with SL 509. We have an LL LH in formation, supported by stochastics black bar in the bottom, Elliot Oscillator red, and CCI red. Long only above 510.5 because hourly the ATH bar had a close near the bottom, bow below and 21 averages and 50 average is around 502. Also for the move 490.72 to 510.13, we have 38.2% retracement round 503 levels. Hence I expect a retracement to 500-503 levels. I am still of the view that holding 490 I have a target of 540+ in SPY, which is very much possible once IWM breaks 206 levels for a target of 235+ which will result in broader market participation. Shortby RiderTrader334
McClellan Summation Index McClellan Summation Index is suitable for SPY, and not good for Nasdaq, and the exchange is selected NYSE, and I also change some parameters. I found the original indicator is better than all kinds of adjusted McClellan Summation Index, and I hope you enjoy this indicator, pleasure indicator("McClellan Summation Index", shorttitle="McClellan Summation Index", precision=1) type=input.string("MSI", options= ) //type=input.string("MO", options= ) limecolor = #00FF00 period_msi = timeframe.period //period_msi = "D" //fixed to daily prev = 1 headwind = input(70, title="Head Wind") tailwind = input(30, title="Tail Wind") length = input(14, title="RSI length") exchange = input.string(defval="NYSE", title="Choose Exchange", options= ) nasdaq_adv = request.security("ADVQ", period_msi, close) nasdaq_dec = request.security("DECLQ", period_msi, close) nyse_adv = request.security("ADVN", period_msi, close) nyse_dec = request.security("DECN", period_msi, close) adv = (exchange == "NASDAQ") ? nasdaq_adv : (exchange == "NYSE") ? nyse_adv : nasdaq_adv + nyse_adv dec = (exchange == "NASDAQ") ? nasdaq_dec : (exchange == "NYSE") ? nyse_dec : nasdaq_dec + nyse_dec // rana = ratio_adjusted_ned_advance // rana = (sym(advissues) - sym(decissues)) / (sym(advissues) + sym(decissues)) * 1000 rana = (adv - dec) / (adv + dec) * 1000 advnema19 = ta.ema(rana, 19) advnema39 = ta.ema(rana, 39) osci = advnema19-advnema39 msi = ta.cum(osci) // McClellan Oscillator rsi_msi = ta.rsi(msi, length) isMSIUpTrend() => rsi_msi > rsi_msi isMSIDownTrend() => rsi_msi <= rsi_msi isHeadWind() => rsi_msi >= headwind isTailWind() => rsi_msi <= tailwind crossDownHeadWind() => rsi_msi crossUpTailWind() => rsi_msi showosi() => ("MO" == type) ? true : false plot(showosi() ? osci : na, style=plot.style_line, title="MO", linewidth=2, color=color.black) plot(showosi() ? 0 : na, style=plot.style_line, title="0", linewidth=1, color=color.new(color.gray, 30)) plot(showosi() ? -100 : na, color=na) plot(showosi() ? 100 : na, color=na) ma_length = input(9, title="MO MA Length") ma_mo = ta.ema(osci, ma_length) plot(showosi() ? ma_mo : na, title="MA", linewidth=2, color=color.red) isMOUpTrend() => ma_mo > ma_mo isMODownTrend() => ma_mo <= ma_mo bgcolor(showosi() ? (isMOUpTrend() ? color.new(limecolor, 80) : na ) : na) bgcolor(showosi() ? (isMODownTrend() ? color.new(color.red , 80): na) : na) // McClellan Summation Index showmsi() => ("MSI RSI" == type) ? true : false plot(showmsi() ? 50 : na, title="50", style=plot.style_line, linewidth=1, color=color.new(color.gray, 30)) headline=plot(showmsi() ? headwind : na, style=plot.style_line, color=color.new(color.green, 20), title="headwind") tailline=plot(showmsi() ? tailwind : na, style=plot.style_line, color=color.new(color.red, 20), title="tailwind") rsiline= plot(showmsi() ? rsi_msi : na, style=plot.style_line, color=color.black, linewidth=2, title="RSI_MSI") headcolor = showmsi() ? (isHeadWind() and isMSIDownTrend() ? color.red : na) : na tailcolor = showmsi() ? (isTailWind() and isMSIUpTrend() ? limecolor : na ) : na //fill(rsiline, headline, color=color.new(headcolor, 50)) //fill(rsiline, tailline, color=color.new(tailcolor, 50)) //bgcolor(showmsi() ? (isMSIUpTrend() ? color.new(limecolor, 80) : na ) : na) //bgcolor(showmsi() ? (isMSIDownTrend() ? color.new(color.red, 80): na) : na) // McClellan Summation Index headwind1 = input(1600, title="Head Wind") alarm = input(800, title ="top alarm") tailwind1 = input(-800, title="Tail Wind") rana1 = (adv - dec) advnema191 = ta.ema(rana1, 19) advnema391 = ta.ema(rana1, 39) osci1 = advnema191-advnema391 msi1 = ta.cum(osci1) msiema = ta.ema(msi1, 10) showrealmsi() => ("MSI" == type) ? true : false headline1=plot(showrealmsi() ? headwind1 : na, style=plot.style_line, color=color.new(color.green, 0), title="headwind") tailline1=plot(showrealmsi() ? tailwind1 : na, style=plot.style_line, color=color.new(color.red, 0), title="tailwind") alarmline1=plot(showrealmsi() ? alarm : na, style=plot.style_line, color=color.new(color.blue, 0), title="alarmwind") plot(showrealmsi() ? 0 : na, style=plot.style_line, title="0", linewidth=1, color=color.new(color.gray, 30)) msiline= plot(showrealmsi() ? msiema : na, style=plot.style_line, color=color.black, linewidth=2, title="MSI") //headcolor = showmsi() ? (isHeadWind() and isMSIDownTrend() ? color.red : na) : na //tailcolor = showmsi() ? (isTailWind() and isMSIUpTrend() ? limecolor : na ) : na //fill(rsiline, headline, color=color.new(headcolor, 50)) //fill(rsiline, tailline, color=color.new(tailcolor, 50)) //bgcolor(showmsi() ? (isMSIUpTrend() ? color.new(limecolor, 80) : na ) : na) //bgcolor(showmsi() ? (isMSIDownTrend() ? color.new(color.red, 80): na) : na) by johnwang9111
SPY 1H - Head and Shoulders PatternSPY has had a great run but is due for a pull back. Looks like the 1HR has a head and shoulders pattern formation. Shortby Stockkingoptions1
RSI sell signal is now been given ! in the spy As of today I now have a RSI sell Can we pop yes will we maybe is it worth not being in a put position No . based on all rates of change and the Hindenburg sell and 20 day put/call . At most is that last pop to 5131 I talked about or the QQQ reaching 444.1 As the post last week from the 421 area I said we should see 440 and Maybe 444.1 . The clock is running out we are now setting up The first real decline since the top in july 27th 2023 . In my models and my work it is now moved A bearish PHASE . BEST of TRADES WAVETIMER ! by wavetimer114
Using Multi-timeframe analysis to make better trading decisionsTrading on multiple timeframes can significantly improve your risk-reward ratio, regardless of what TA technique, you are using. Let’s look at the recent example (SPY ETF) Third week of February started with a strong sell-off (Monday-Tuesday 13th). Price retraced >50% of the previous move, signaling potential trend reversal. At this point market Bears started scouting for daily low high to enter short trade. They received signal on Friday 16th when price broke previous day low. A short trader, who trades only daily chart, would enter this trade at Friday close with stop-loss slightly above daily high and 1st profit target near Tuesday low. This setup provides a decent risk-reward ration >2. There is also a chance that previous low will be broken and price will fall even further, adding to profit. So taking this trade makes a lot of sense. On the main graph to this post you can see how it developed. Price has not reached our profit target, reversed and made new high. Trade got stopped-out. Even if trader was using trailing stop (stop moved slightly above each new day high) this would not have saved him from huge overnight price jump Could have the trader done better? Yes, if he had zoomed into lower timeframe and monitored price action there. Here is what we can see on the 15m chart. (boxes show hourly candles, color coding matches hourly wave direction, you can read about how waves are constructed here ) Bearish reversal pattern shaped on Thursday- Friday. It is not an ideal triple top but there was a clear weakening of upthrust. Also, on Friday morning price broke previous day low, a sign of an increased bearish strength. Basically, at 21.30 (UTC+1) short trader already had enough evidence to enter trade. He could have done it w/o waiting for day closure. This would have already been a better entrance than in the first scenario. After entering the trade, trader could start monitoring for continuation. Tuesday was clearly bearish but on Wednesday there were multiple signs of shift of control. Firstly, price was able to set hourly higher low. Secondly, bearish wave was progressing very slowly. Finally, there was a 15 m equilibrium (end of Wednesday RTH) that resolved convincingly bullish. At this point a reasonable trader should have closed his trade without hesitation. This would not be a great trade still, but it will be a profitable one, with risk-reward 1.7 . It is nearly impossible to achieve same results looking just on the daily chart. Disclaimer I don't give trading or investing advices, just sharing my thoughts Educationby hermes_trisme0
$SPY $SPX $ES_F Daily Analysis, Key Levels & TargetsAMEX:SPY CBOE:SPX $ES_F Daily Analysis, Key Levels & Targets Alright, y’all… tomorrow’s trading range and the full walkthrough is on the video. It will be interesting to see if that gap holds as a buyer gap since the volume was so low on that move. Shortby SPYder_QQQueen_Trading224
SPY WEEKLY 26 FEB 2024This is my weekly analysis for SPY and if you have any questions feel free to leave a comment or DM me and il get back to you. NOTE:DO NOT SHORT07:13by THECHAARTIST42425
$SPY trade ideaAs you can tell from the chart the uptrend of AMEX:SPY has been intense lately and the ATH break makes this bull hard to fight. This week im looking to take SPY on any higher high made. This would mean a break of $508 would signal a long trade and a break below $500 would lead me to take it short. Trade smart here and maybe stay sized down. by Mustangsvt2811
$SPY February 26, 2024$AMEX: SPY February 26, 2024 15 Minutes. The retracement did not happen. SPY was sideways on Friday. Consider the 2 rise. 493.56 to 510.13 and 503.02 to 510.13 On Thursday we had a $5 gap. I am not at the moment expecting a gap to be filled. Holding 505 is important today. 100 average is around 502 levels sloping upwards, hence on a pullback I have a target of 503-504 levels. I am expecting a pullback also because on a daily the difference between 9 and 21 on average is nearly $5. Most important on a daily the close was near low, and the bar made ATH, 9 average is around 501 and the rise 490.72 to 510.3, the 38.2% retracement is around 503 levels. Shortby RiderTrader337
Picking the TopThe Daily chart showed that price started below the 9EMA for this week and gapped up above the 9EMA on Thursday and closed the week well above it. Gap fill is at 497.37 and Support is at 503.50 which was a previous daily high. There is a Double Bearish Divergence on the RSI from a high of 74.77 to 72.56 and closed the week on a bearish candle that closed +0.07% with a 68.53 RSI. Based on a Fibonacci Retracement (380.65 -> 459.44 bounced off the 0.382 Fib at 410.75) and Extension (2.0 at 538.23), if price holds 508.13 (1.618) it can run to 521.37 (1.786). by khemhotep_2
following SPY ATH 15 MIN ANALYSSPY ALL TIME HIGH TRADING RANGE following SPY ATH 15 MIN ANALYSIS can it continue to rip to the upside ? signs of weakness? Lets find out ! posted levels and ranges Longby RonnieB10222
SPY: Great Trading Opportunity SPY - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell SPY Entry - 507.81 Stop - 513.61 Take - 493.53 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals1118
Is SPY correction on the horizon?SPY making multiple All-time-highs this months, touching the upper bounds of the Bollinger bands, RSI near over-bought territory. There could be reasons to believe this bullish trend will continue uninterrupted. However, some of the points to consider that might call for a reversal. * SPY all-time highes coinciding with increase in 10 year rates from last month lows, even after recent reports of more than expected CPI recorded. * latest rally seeing buying in defensive sectors like Consumer Staples, which could be potentially mean smart money moving out of growth sectors Shortby bawowa9946vivoci0
Weekly outlook: BA, RIVN, NVDA, BKNG & SPYHaven't posted a video idea in a hot minute. And have been kind of neglecting posts on Tradingview haha, so here you go! I will follow with some written ideas on the popular stocks (i.e. NVDA and SPY) but just wanted to do a rambly video explaining my thought process on my top watches of the week! Safe trades and enjoy the rest if your long weekend!12:38by SteverstevesUpdated 2229
NVIDIA DAYSPY touched the bottom of the uptrend line. Looks healthy and if NVDA has good earnings tomorrow, SPY will reach 510 I have a feeling 510 is the target for this year and from there my outlook is bearish. IF NVDA fails to deliver, then 480 would be my target Longby abigreenUpdated 15