uprisetraders

uprisetraders

$SPY 1D is displaying relative weakness after rejecting the 0.5 retracement level at 401.38. If bulls fail to reclaim that level and bears successfully close a daily candle below 389.87 (0.236 weekly retracement) then we would expect to see selling pressure increase and possibly sweep the lows again. Monitoring it closely along with movement in oil prices heading...

uprisetraders

$SPY is approaching our weekly 0.236 fib retracement @ 389.87 with TTM squeeze flipping positive, we are layering our long positions into this retracement level for a potential rally into the mid-end of September.

uprisetraders

Looking at $SPY 1D, the price is stalling around trendline resistance with a slight RSI divergence. We are going to continue monitoring for signs of relative weakness here while layering our short positions to swing for a move back down towards 400 by mid-september or sooner.

uprisetraders

Monitoring for bearish continuation after a bearish reversal at the 200 ema on 1D. RSI is calling for further downside...

uprisetraders

Many bears doubting the recent market rally have failed to see the bigger picture. If you look at the weekly timeframe on $SPY you would see MACD has just crossed about the signal line and we have RSI calling for further upside after a confirmed reversal at the 200ema within a megaphone pattern. Our extention target is between $430-$442 where we would expect...

uprisetraders

Looking at the daily timeframe on $SPY we have some room to run on the upside. It's important to note 1h/4h timeframes are in overbought territory so the price could retrace temporarily before proceeding higher. The ball is in the bull's court... Also, with energy prices continuing to show bearish momentum this is a positive sign of the equity markets.

uprisetraders

Monitoring $SPY for bullish continuation over 1h 200 ema @ 388.26. If bulls can retake that level as support a sustained rally is likely over $400 on $SPY...

uprisetraders

The daily timeframe looks like a bullish reversal with increasing buying pressure into Friday's Market Close. The plan is to monitor for bullish continuation early this upcoming week after markets return from July 4th Holiday.

uprisetraders

$OXY is looking like a bullish setup into next week. Extremely strong hourly buy signal.

uprisetraders

Keeping eye on these gaps overhead on $XLF. The longer time frames are looking like a bullish reversal. Price is bouncing at the weekly linear regression channel and 200 ema as well.

uprisetraders

$SPY 1W looks like it wants to re-test that huge 410.64 support level turned resistance. Would expect it to be tested into end of month/early July.a

uprisetraders

$SPY 4h TTM squeeze flipping positive after forming a reversal pattern off trendline support. Looking for bullish continuation.

uprisetraders

Monitoring for possible $BTC reversal out of weekly oversold conditions at a major support level and trendline...Monitoring 4h/1D for positive divergence.

uprisetraders

$SPY sitting right at the 200 ema, looking for relief bounce, getting quite over-extended to the downside here. Would expect relief bounce into tomorrow with a long weekend the markets will be closed Monday for Juneteenth...

uprisetraders

Just waiting to see price test weekly 200 ema and see where we go from there.

uprisetraders

Looking for 357.74 test on $SPY minimally before we can expect a "bear market rally."

uprisetraders

$SPY rejected 4h 200 ema, 1W linear regression channel backtest, and tripple topped. I would excpect $SPY to create a new swing low over the next few trading sessions into 6/17 $3.2 trillion OPEX... Fun times ahead.

uprisetraders

As the charts show, $SPY is rejecting 55ema on 1D and 4h 200ema on 4h. In addition to this, a lot of macro catalysts and headwinds are at play here with a quantitative tightening cycle beginning, the war between Ukraine and Russia, Monkeypox, Gun Violence, very high inflation, and the recession flags popping up everywhere in auto sales data for example. R/R favors...