SPY daily bounce is going as I thought to the $460 target. I will go short then, but will watch it carefully and exit if it brakes above it. If it brakes 460 and floats above, I made optional lines to give my self an idea how to play this. there is a possibility of large timeframe H&S, which I will include later. Iam currently enjoying this bounce with few...
Today Feds decision will move the market accordingly, for now its nothing but daily oversold bounce. Level: to look for: 445 resistance, possible top if Feds raise interest immediately, in this case I would short to 420 level 463 if Feds calm the market, I would go long, past 445 Currently Im long on small caps, will exit today based on Feds decision. I think...
Looks like BTC is forming H&S, very bearish. I would look for reversal around 30k, from there we may see new ATH
Megaphone formation, also bull flag on 4h SPY is consolidating from strong move last week. Ill wait for confirmation around 465 to know which direction Im going to take, my guess is SPY will hit ATH this week
Great opportunity for swing trade. SPY is at the resistance of the downtrend channel. If it brakes it, we may see ATH for Santa Rally. I will take short position with UVXY if I see the weakness today and long position with SVXY if it brakes resistance and holds with confirmation.
Not a fan of penny stock but this one may be excellent play It was in down channel for some time, looks like buying started at this level, if true then 150% may be in play.
After completing H&S and reversed H&S, SPY is going for double top. First Resistance is around 445, so I think after we gap up this morning , we'll have pullback to close todays gap and then grind back to 445. Monday SPY may brake 445 and go for ATH. November is tapering month by FEDS, thus I think market will sale, we may have a fake out to go above ATH, trapping...
Oversold on 1-4h 427 should hold as a support and bounce today to 430, possible it will test the 427 (double bottom and grind to sub 440 area where strong resistance is. Follow the circles for potential moves. We are still in downtrend. Bitcoin is bouncing hard already, I expect SPY to follow (wasn't it other way around?)
I believe we're in correction on SPY Looking short term, 1-4hh chart looks like bear flag. Choppiness with large swings is a sign for me of the market uncertainty. I don't believe its a typical BUY THE DIPP scenario this time Question for me is if we are going to stay in pennant or go to form double top Good opportunity for day trading only Good luck everyone !
BTC looks like ready to move up again. SOS needs some positive news update to make a move, but chart tells me its ready for a missive uptrend.
It will hit 420 again, if it cant brake it it we'll see deeper correction to $400 If it brakes $420, then next target is $440
Earnings season end may indicate correction. I dont expect huge correction , crash or bear market in the near future, feds are still pumping 150BL a month, and cheap money will not create environment to do so. January 2022 would be good moment to think about it, but not yet. Yesterday I took my profits with target of $420 We may finally have correction in...
After braking 418.16 SPY has tested resistance and will consolidate on 5min, from there It most likely will reach my target of 420. Its been bumpy road with tax news, but hey. After I reach that target Im going to go ALL CASH and watch. Good luck
Needs to brake 418.16 and stay above to reach 420 If its rejected again (with premarket its going to be 6 tiomes) I expect quick seloff to 416.21 or deepr 411.20 Today its again full of false signals: bear flag, raising wedge was completely ignored. Dont like days like this, I guess SPY is waiting for FEDs announcement, which is today and tomorrow. I still hold...
if we brake and stay above 416.30 , then getting to 417.11 should be very possible that would leaves us with small pullback in the morning tomorrow, C&H and end the week on double top (ATH) at $417.85