Looks like we are heading towards the 414 - 412lvls which is very good bc we will know by then if we come for more lows or we break highs and rally to the upside. There is a huge chance that this could just be a fake pump my reasons are 1) LOW ASF weekly volume with BIG BULLISH weekly candle 2) We just had a major banking crisis... money is supposed to be...
I want to see a solid pullback and then go for some swing long out. These are just pure technical nothing Fundamental. SO WAIT.
What's next for SPY, 1)I am expecting a bit of a pullback or a mini rally here soon BUT the selling is not over as we have failed to break the $412 - $413 zone as shown (Orange box) 2) We have perfectly bounced off $393.71 Support and we are likely to retest it one more time. 3) We broke $399 - $400 zone (BLUE BOX) 4) we have potential to pull back to $400...
When analyzing price action gets difficult this usually means that there's going to be a big move coming up soon. What market makers like to do is create uncertainty in Traders Heads and then move the market to their desirable position after we get burned out. Therefore we are to take more risk managed positions and WAIT till we find a clear market direction....
There is a possibility that we stay bullish here since we did make a NEW HIGH. News comes out next week that can play a bit of a role As well we need to stay vigilant of all price action. - Keep in mind that we are in an emotion cycle of the market so trends aren't as certain - The institutions are selling off immensely while retail traders are at top notch...
Does this mean we are bullish? No not 100% YET bullish we are still in an emotional phase in the market to where we see a few days Heavily bullish and a couple days heavily bearish. There is still one more leg to come down before we jump back all the way up. We still need to stick to daily price action and remain patient with our trades Focusing on good...
Super Tight Spot here... - Bullish over 410 if we can break and confirm above resistance - Bearish if we we reject and get back below $400 - Lots of news coming next week and also earrings Its gonna be a crazy crazy week we have multiple major news and also many earnings. Due to this **MONDAY AND TUESDAY** Will likely be slow so be ready for both sides. All...
This is a very simple and straight forward analysis in which there is an impulse and a correction. . it has broken out of the correction and also the resistance line
We are back again once again to test this top trend line on the WEEKLY chart. If we BREAK ABOVE that basically sets the fire for a BULLRUN... and Vice versa if we REJECT then we got more room to the downside. Once again we are in a make or break stage in the market and we need to be prepared for both sides. whichever way she decides to go. We also have big name...
I am going to patiently wait on a pullback to build some strong support before getting into some calls to go for the next Leg up
I am looking to go short around this area for a multi-day swing... Just need to wait for rejection confirmation off this lvl if not then $350
These next 2 weeks will be very very important @everyone - We need to focus on a rejection off the top Trend line - As we can see from the previous test, there was a liquidity sweep where we broke out for a bit but then got sucked back below within hours - looking for a rejection around 401 402 lvls and if not then 409 lvls - Short week ahead so we shall...
- we have finally broke out of our 13 daily candle Consolidation streak TO THE UPSIDE -Now we are looking to see the NEXT ZONE TEST - the next zone is a big as well if we break above this then we will most likely go higher -if we reject off the 390 zone then we will most likely smash down for a lower low which is what we want… Over all I’m on the bullish side...
We have been consolidating for the past 9 DAYS and we have been doing very very well of stay patient and disciplined... Look at the daily chart from that perspective you can see that price has been going no where BUT sideways and WE DID NOT mess around to see what might happen Now that the year is over there's going to be a lot of recirculation of funds into...
I am looking for a good week we might see a relief rally soon BUT we have nicely rejected off the top. - Next week might see a slow week or a volatile week READY FOR BOTH - We are coming back from the holidays and new years so we might need to give it some time for the momentum to kick in - I am watching the $385 gap fill and also the $390 GAP as well - I want...
We have been waiting for price to touch and test this top trendline to see how strong it still is. Pay attention to what happens in the next few weeks and HOW we will end the year. -I am lookin for a reaction around this area to see if we reject or keep on going - It is a very big possibility that we can fakeout to the upside then we get sucked right back under...
We have FINALLY got that LOW VOLUME WEEKLY CANDLE Signaling Another dump SOON!!!!! I am getting ready to load up on some puts we may have 1-2 more legs up wards Im thinking a REJECTION around 408 - 413 as ive been preaching so we shall wait for this next weekly candle for the next big play. -Gap fill starts from $403 - $408 -Playing some calls intraday bc thats...