therealhybrid

therealhybrid

Welcome back everyone! Another day taking a look here at the SPY and so far on track, going straight up, our target being the upper trend as I've said before. We've been seeing this reflected on the FAANG team, so now that we've seen a clean break out and above the blue box we'll just have to wait to see how it reacts up top, a break of that too & maybe even a...

therealhybrid

Welcome back traders! Here's your weekly outlook for the SPY! Thursday and Friday last week were pretty anti climactic for the SPY, we just saw a whole lot of in and out near our blue box but here is what I'll be looking for this week. First of all, I'd expect for it to crawl up right up against that orange trend line I've got drawn up there, which it's done so...

therealhybrid

Welcome back traders! Back here on the 1 hour chart we see that it's once again up there attempting to break through Pandora's box! The strongest pattern I see right now is this ascending triangle I've drawn out in orange. Why do I believe that's the strongest one right now? Cause it's just been trying and trying, it's broken into the box couple times, all it...

therealhybrid

Welcome back traders! Straight to it here on the one hour chart of the SPY we can see that today it HAS broken into our blue box that's proven to be a strong resistance level for our chart here. I believe we can now see something along the lines of the orange pattern I drew up top or the bottom blue pattern could still be valid, either or because it now seems to...

therealhybrid

Welcome back traders! Here we are once again on the 1 hour chart for the SPY, I prefer to look at smaller time frames to get a better idea what's happening behind the scenes, because you can look at longer time frames but miss smaller details going on. So what we see here going on today on the SPY is... 1. it indeed fully rejected my blue box as I had said before,...

therealhybrid

Welcome back traders! Once again, here on the one hour chart of the SPY and oh wow, would you look at that, we can see a clear REJECTION of the blue box that I had set up since last week! Just like I mentioned yesterday it's having a difficult time in that zone, so that's a key zone to keep an eye on. Our MACD has made a clear bearish cross already since early...

therealhybrid

Welcome back traders! Here we are once again on the 1 hour SPY chart and looks like the spyders are fighting for their own! It just completely broke expectations and shot up and through the smaller triangle after multiple bounces at the bottom. However, it is once again struggling at my blue box that I had previously set up as an area of resistance last week. One...

therealhybrid

Welcome traders! Here we are on the one hour chart once again looking at the activity the SPY is giving us and what we see again is ANOTHER test of the .236 retracement! It really looks like the bulls want to pull through but I wouldn't be surprised to see it be another unsuccessful attempt. MACD is showing a similar picture, staying within the same area as the...

therealhybrid

Welcome back traders! Jumping right to it, taking a look at the 1 hour chart, got to point out that just like I had mentioned yesterday, SPY opened attempting to break the bottom of the triangle, then failed! Once it got over it, it began jigsawing (in the light brown circle) just like I had stated in yesterday's analysis it would do. Then afterwards it popped...

therealhybrid

Welcome back traders! Let's get to it, here on the 4 hour chart we can see that the SPY has indeed cracked right through the bottom of the smaller triangle and with that green candle what I see is a rebound (the 1 hour chart paints a better picture of this). SO, to keep things short and simple, what we could see tomorrow is an open initially trying to break the...

therealhybrid

Welcome once again traders! Giving you a weekly outlook on what we could see on the SPY and it's children this upcoming week. So here we are on the 2 hour chart, we've got a very clear rejection of our blue box there that I stated in my last analysis saying that this zone would be significant in deciding some future movement. Now, we have a couple of things to...

therealhybrid

Welcome traders! Today we're seeing the SPY go in for a retest of the upper part of the descending triangle once more. The key level to watch today is between 266.23 - 264.83, depending on how the chart reacts to this area it can give us an idea of what to expect for tomorrow and the upcoming week. Seeing a break through and maybe a bounce could signify some...

therealhybrid

Welcome traders! As always short and simple...yesterday I warned about a retest on our one hour chart on the SPY, it had indeed gone bullish for a bit but fell upon attempting to reach the larger descending triangle. As many may try to point out, YES, we may be still bullish on the long run but this is an analysis of the current times and action and right now...

therealhybrid

Welcome traders!! Continuing from the break of yesterday's resistance at the 264.74 area, we can see in the 30 min chart that we've now had a clean bounce off of that same level meaning we should expect to continue seeing upward movement hopefully breaking through the upper descending triangle. On our 4 hour chart the MACD looks to be going for a bullish crossover...

therealhybrid

Welcome fellow traders! A quick recap of what's happened so far today with the SPY, as we can see it's going for a retest of that strong support of 264. At the moment on the 1 hour chart it has tapped and surpassed that now resistance level. This is an ascending triangle it has formed on the 1 hour chart meaning the break signifies upward momentum BUT if it comes...

therealhybrid

Welcome traders, to my technical analysis of the SPY!! I'll keep this short and simple, as we can see SPY has completed a double top and has now broken through it's previous bottom of 264.83 and looks to be aiming to test the bottom of the correction we just had. If we break that bottom we could continue to see a downward trend, however on the other hand if we get...