See confirmation of previous analysis post.
bearish overall, breaking below descending triangle.
Further details if you reach out.
C2+T3, now recruiting.
168.76 is strong resistance.
Break above that, next resistance is 174.87. Above that is 182.84
160.07 is support
Break below that, 156.95
See trend line for next support
Next hard support is 150.53
Next is 139.8
Then 130
Catalyst: Apple Event
Predicting break below 150 by May 16th, falling through support levels.
Prediction invalidated if we make new ATH
C2+T3,...
430.85 support
432.68 head
432.27 shoulder
If 428.20 or below open, drop towards 426.28 March 8th. Below that, drop to 420 by March 9th
415 by March 10th
410 by March 11th
Sell March 11th ideally
There is a cup and handle forming for VIX. Dependent on Ukraine and JPow news over the weekend and throughout the following week, but there is pre weekend enough support for the start of a handle. This rise in VIX will correlate with a fall in SPY. Bullish VIX, Bearish SPY.
Looking at the long term market, we can see that the price has been consolidating for quite some time. Expecting a price movement by mid April at the latest, with potential to come earlier based on bad news over next few weekends.
Very very crisp looking C&H forming, price has been consolidating and coiling tighter for quite some time, volume coming in! Take profit at 445, 450, and other major resistance/supports.
Remember, no one ever went broke taking green!
If anyone would like to chat about how I saw this coming weeks ago with absolutely no formal trading training, hit me up! I love...
C&H forming. Ukraine Cease Fire is catalyst. Depending on how hard the media push the information, expecting to see 445 next Monday at earliest.
SPY 445C 3/11 safe play
450 for riskier play
Initial analysis seems to show a double top. No current knowledge of any underlying catalysts but not a fan of it bouncing off resistance. Refer to historic resistance and supports for points to get appropriate puts.
Pattern looks like a bearish inverse cup and handle which means there should be a sharp rally up to roughly ~436, at which point it'll probably bounce off it as a resistance and plummet downwards
OR it'll break through turn it into a support and go upwards but somehow I doubt that
Calls at, well, now, and rapidly selling and puts at 436 if it bounces off or hold...
On the short term this looks like a textbook bull pennant
Long term however it's a bear pennant (kind of?), But not a textbook one, that massive dip and massive rally messes with it
I expect us to make a major move up or a major move down today or tomorrow
SOTU is catalyst enough today for that imo
I'm leaning towards up. The charts are better for it and I...
