WARNING DEATH DOJI SPYThe Bear Case NASTY Death DOJI with a FAILED INSIDE BAR BREAKOUT EXTREME Greed 🔺 You better believe I will take a SHOT here My Plan: 485 Puts < 486.70 Get 2 Weeks Outby tradingwarzone8
$SPY MACRO ANALYSISBased on available data of SPY, an impulse wave has been observed. I expect Wave 3 to terminate near the 1.61 extension level of Wave 1. As expected, Wave 3 has been in an acceleration channel and once broken, would signal inception of Wave 4. Provided are the key levels derived from intersectional points made by both the base and acceleration channel, these points are the orange dots. From past observational data, these points fundamentally mark support / resistance levels. Currently, once Wave 5 of Wave 3 approximates termination, divergence on RSI should be evident and Wave 4 would commence. The chart demonstrates a possible bearish H&S pattern and subsequent decline of the $SPY. Not financial advice, but...Shortby Dam3055
SPY DIRECTIONAL MOVEMENT CONSOLIDATIONIf you look at my previous post. Flag. A similar pattern happens at the previous setup @483 @Jan 22-24 and previously you can see through out where the price stabilizes before shifting into another trend. A big movement shortly now that we've basically double topped but still creeping up thanks to the mag7? Anyone looking at NVIDA? looks like hot potato. Anyways. We have FOMC meeting soon at the end of the month. 31st. Might pump until we get the Feds opinion. By logic ? and what the Fed has said with us missing inflation numbers(cpi/inflation was over 3% for the month and yeah) No rate carts for March? The Top Black line is the top of 2022. The Bottom black line is the top of 2023by JustAHunch1
Parallel channel resistanceSPY seeing parallel channel resistance in a channel that has been grinding up for a while now. A break up would be shocking, but possible.... more likely we go back into the middle of the channel but the way this market is going who knowsby pnaik7321
SPY: Late! Posting late haha, have been busy with the release last week. But rest assured, I'm still here! So the levels are in the chart. This is just a consolidation day, I did anticipate this after the move we saw Friday. So far SPY is doing admirably well consolidating in the threshold range. We may actually see a bit of pullback if it looses the bear condition, but I do not suspect it will go below 478. Reason being, breaking below 478 would put us back into that chop zone and I just think the sentiment remains far too bullish for the market to want to let that happened, though this is 100% speculation on my part. So with that, PL1 is a possibility. I wouldn't short, I would just wait for it to go there and then long. But that is just me. If we look from a volume perspective: We have broke over into the next volume range which happens to be the current POC on the month. Continuation up, from a volume perspective, puts the TP at around 494, a bit over our weekly TPs and I htink a bit too much to anticipate for this week but you never know. Catalysts this week, PCE is the big one on Friday. Should be interesting. My current position is I remain very net long on SPY via TSX:EQL and QQQ via TSX:QQEQ.F. I closed my BA long today, panic sold because its pretty bearish and was fast approaching my entry point. Will take another look at it later. Things I am watching closely are: BA IRDM: And GNRC: All for long entries, though I do suspect some further downside from here on all. That's it for now. As always, leave your comments and questions below and safe trades! by SteverstevesUpdated 111130
SPY: Potential Intra-week Cup with Handle targeting $493.5The SPY if it can hold within this channel today and break out could target the upside of $493-$495 from now into next week leading to the FOMC.by RizeSenpai3
Spy2 different perspectives here.. 1st. We may have an ascending triangle playing out on Spy and QQQ Which explains why we had so much of a thrust of volume on friday. If it is indeed an ascending triangle at play then we are going to spy 500, and qqq 430 by feb 1st. The breakout move should be like this This is the second perspective Spy and Dow both closed at resistance and vix closed on trendline support +50/20sma. Dow breaks above 38,000 and its a bullflag , to 40,000. But if it rejects, then we head back to 37,000 Vix 2hour chart.. right here on support, if it breaks below 13.20 the. We head back to 12.50 I'll update later by ContraryTraderUpdated 101027
SPY Sentiment is in hype fractal point of view : higher timeframe top lower tf top max price in my opinion 495 look how vix behave this days, spy close green vix also close green.Shortby Arashbas110
The Chop - Potential Double Top before major pullback.There is no way we keep going for too much longer with out a major pullback and consolidation. I believe we are already overextended by at least 15% However... markets can do the impossible so always expect the expected and be OK with being wrong.Shortby YoloSwag420LamboMoon6969Updated 2
SPY & QQQ levelsSPY & QQQ levels with standard indicators: SPY 20sma = 477 50sma = 467 100sma = 450 200sma = 441 QQQ 20sma = 411 50sma = 401 100sma = 383 200sma = 368 2/16/24 expiry options data: SPY Put Volume Total 199,830 Call Volume Total 121,815 Put/Call Volume Ratio 1.64 Put Open Interest Total 2,331,423 Call Open Interest Total 1,010,641 Put/Call Open Interest Ratio 2.31 QQQ Put Volume Total 109,693 Call Volume Total 89,313 Put/Call Volume Ratio 1.23 Put Open Interest Total 808,028 Call Open Interest Total 530,152 Put/Call Open Interest Ratio 1.52 by Options3600
$SPY $SPX Trading Range for 1.26.24AMEX:SPY SP:SPX Trading Range for 1.26.24 All the levels discussed in tonights video right here for you!! Tomorrow’s trading range looks fun. Shortby SPYder_QQQueen_Trading332
SPY Short... gap down tomorrow morning Finding Trading Opportunities Liquidity Draws Moves towards pending order clusters get rapid reactions. Premium Areas Zones located above current market price are probable profit targets. Market Maker Models The roles held create ranges to watch for breakouts. Multi-Timeframe Analysis Higher timeframes set the stage, lower find high-probability setups.Shortby carlosramiii0
SPY breaking up for huge longs in 24-25very long term here but AMEX:SPY is breaking a really good level on the upside fully forming a cup pattern giving us potential bulls for the entire market the next coming years.Longby KaiHardy1
$SPY January 26, 2024AMEX:SPY January 26, 2024 15 Minutes AMEX:SPY refusing to take a side.Sideways the whole week. I am still holding my shorts. The range is 485-489 as per box. Either side breakout can give a $3 move. As of now, 9,21,50, and 100 averages have converged. After a long time, I did not get any trade to initiate or close on Wednesday/Thursday. In the box SPY forms HL which is good and LH which negates it. SPY is above all moving averages. Bt in 15 minute time frame it is $8 above 200 averages and the oscillator is not showing any strength. I will consider 3 Fibs. The rise 472.42 to 488.75 The rise 482.89 to 488.78 The rise 483.39 to 488.04 For the first AMEX:SPY retraced to 23.% so uptrend intact. For the second SPY retraced to 61.8% so the upside is limited to 488-489 as a top. For the third need to hold 486.5 levels. I am in a contra trade due to moving average gaps in the 15-minute time frame. Now in 4 days 50 and 100 have converged. 200 is still pending. My average shorts are around 486 levels. Shortby RiderTrader0
Spy to hold the weekly 20 EMAIf we look at the move from this cycle bottom to the current rejection at 454, that was a 30% move and if we look at the more recent bottom, it was a 20% move. A rejection at the 454 area was to be expected. If the recent bounce off the 20 w EMA marks a higher low, then we should rally to 480, just based on inflection points.Longby riskit101Updated 1
mathematical harmonysomething to consider..... 90 weeks down 90 weeks up 90 degrees down 90 degrees up. if you go from the low of march 23 2020 - 218 points 218+90+90+90 = 488..... Shortby Oppollo442
SPY SHORT/ FEB PUT Buying SPY PUT FEB EXPIRY 490 STRIKE SL 492 - STOP LOSS Please refer to the previous idea for the reason why Shortby tradesenigma454111
SPY SHORT ( UPDATE FROM JAN 24,2024 )**Hello all, Im here to add some insights to the trading view community. I run options and stock programs out of trading view which give intraday bull and bear probabilities and support and resistance levels based on options chain data Looking at SPY, I see a Support level at 485 and the open interest difference between calls and puts are the highest there ( over 5000 ). Resistance at 487 and 488. Im looking to enter a short now with 490 SL. Target is sub 480 if bears push it over Based on my program which does seasonal analysis, SPY is bearish for the next 10 days. Feb month is where the big bear comes seasonally. Ai forecast also looks bearish. Not a place to go long. We Trade algo is applied on the chart** We posted the above idea initially on the 24th of january when SPY was close to 489 but the idea got hidden. The short/ put trade we entered at 488 level paid 80% and closed at 485 level. Watching for another short opportunity. Out of all longs for nowShortby tradesenigma4541
SPY - What's next?I want to share the levels and zones, where I expect a pullback. 1. TRLs at 480-482 (somewhere here will be 8EMA) 2. Pivot 478.60 (somewhere here will be 21EMA) by ivanistrading1
$SPY $SPX $ES_F Trading Range for 1.25.24AMEX:SPY SP:SPX $ES_F Trading Range for 1.25.24 Ok…. Come see the video for the full walkthrough otherwise have fun tomorrow!! What a fun day today was. Shortby SPYder_QQQueen_Trading3
$SPY January 25, 2024AMEX:SPY January 25, 2024 15 Minutes As expected since AMEX:SPY was way above moving averages the 15-minute uptrend was limited. The target 488.5 above the breakout rectangle was achieved allowing shorting at 488 levels. This is a contra setup considering AMEX:SPY is an uptrend, a Black bar on stochastic on top, and the Elliott wave oscillator was green. Consider the rise 472.42 to 488.78 and 482.89 to 488.78. For the former AMEX:SPY has retraced to 23.6% levels and for the latter AMEX:SPY is at 61.8% retracement. Since 61.8% done I expect a triple top at 488 levels. And for the fall 488.78 to 485, the 61.8% is around 487.5 levels. So that is again a good level to short with SL 488.75 levels. I am targeting to close shorts around 482.5-483 levels keeping in mind that 481-482 could be a target as 100 and 200 could meet around that level. As usual possible to make some $ on Wednesday/Thursday? Shortby RiderTrader0
SPY Finally ready to sell?Bulls have been laughing their way to the bank. Recently saw a political/finance streamer talk about how "The SNP500 is looking strong, inflation is down, we had a soft landing, I think now is a good time to buy" I get the feeling that is the general sentiment of the market, I think people have blinders on to the market risks. We saw some tech layoffs the past few weeks which is a little concerning. The market is very top heavy. Russel is still down 20% while the SNP is at new highs. I am thinking we are going to see a sharp pullback and re-evaluation, perhaps Powell will throw some cold water on the market and say there is still work to do and that there will not be many rate cuts for 2024. Tesla warning of a sales slowdown, is it all political or is it related to the general economic conditions? We are definitely well overbought, the question is can we keep grinding higher or is all time highs as far as we go. Maybe SPY to 500 was just a pipe dream. Shortby MikeSpy4
SPY: The Most Important Technical Turning Points (D&W analysis).The SPY is once again hitting a new all-time high today, with the market looking optimistic. As long as it continues to show the pattern of higher highs/higher lows, bullish sentiment will prevail. Last month, I made several warnings that we shouldn't try to guess the top, and that the trend is upwards. The only thing that could reverse the situation would be a clear reversal signal. The link to my last public study on SPY is below this analysis, as usual. For now, I still don't see any technical evidence suggesting a correction or a pullback, but we should pay attention to some key points, especially its medium-term support levels, because if the SPY loses them, the bullish momentum could become weaker. Despite leaving a gap below the price, today's candle is small, revealing a contained intraday movement. If this gap closes this week, it could be classified as an Exhaustion Gap, a technical piece of evidence that the trend is losing momentum. However, the most important key point for the SPY is the yellow area in the chart above. This point is the area of the previous all-time high at $479.98, and a secondary top at $477.55. In addition, we see the 21 EMA rising, and it will probably enter this area soon, forming a triple support level. A pullback to this triple support level is acceptable, and it's not a technical reason to believe in an immediate reversal; after all, pullbacks in an uptrend are buying opportunities most of the time. But if the SPY loses this point, the medium-term trend could reverse, in which case the next targets will be on the weekly chart. We can see that just below the yellow area, we have support around $466, a previous bottom, and a point near the 50-MA (red line), which is set up for the daily chart, even though we see the weekly chart. This makes the area around $466 the next area of support should SPY begin a sharper correction. Since SPY has materialized a Golden Cross pattern (when the 50-MA breaks through the 200-MA, the black line, upwards), we can say that the official trend is upwards, but it is important that SPY keeps prices above these support levels in order to maintain the long-term uptrend. For now, we have to be aware that the trend is upwards, and we don't see the SPY losing any support levels yet, so there are no signs of a correction, let alone a reversal in sight. We'll proceed very cautiously, paying attention to its key points. In the absence of a clear bearish reversal structure, the SPY should continue to rise, until it reaches $500, which, although not a technical resistance, is more of a psychological resistance, as we know that the market has a soft spot for round numbers. Of course, I’ll keep you updated on this, so consider supporting this idea if you liked the content, and follow me to keep in touch. What's more, keep in mind that the idea described above reflects my humble opinion. It is not investment advice, use it for educational purposes and to improve your own thesis about the market. All the best, Nathan.by Nathan_Black6621