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Calls

22/08/2022 - $SPY Call SetupVery clear falling wedge (lower highs, lower lows.) What's interesting about this setup is we are nearing a gap fill from August 11th, the highlighted green zone. At the top of this zone is a blue dashed line. This happens to not only be a likely support from Aug 12, but is also a possible support on a 50% retracement. My trade, depending on how Monday opens, is to look for calls on the Wedge's support line and in the purple zone given high volume; the expectation is the the price will break up out of the walling wedge. If we fly through the green gap-zone, ill be looking at the lime-green dashed line, which is also a support from August 11th lows. My planned exits are the red dashed lines, which coincide with supply zones and Fibonacci lines (0.618, 0.5, 0.382).
AMEX:SPYLong
by monas
SPY Option Setup 4/15 - 4/19The market seems to be heading back into a bullish direction. Im looking for SPY to break $429, if this happens I will enter a Call and will be looking to take profit towards $437. If SPY doesnt break $429 and instead creates new resistance then I will be looking to see if SPY goes back into the $420 - $424 zone. If SPY enters that zone and breaks the $421 support then I will be looking to enter in a Put. If entered in the Put I would look to take profit around $412 - $415. Overall my biased is Long, I'm thinking Bulls are going to continue to take over the market and Calls will be in favor.
AMEX:SPY
by BigCEO2022
$DXY update, $UUP-RSI inverse H&S formation, looks to be gaining strength and passing test at 50 RSI -Downward trend (orange trendlines) was broken. Now DXY is trading in a parallel channel (white borderlines, gray centerline) and has been bouncing off the bottom like a pinball and then hanging around the midway point of the channel consistently. -MACD is curling up and crossing. -US economy is stronger than ever. Tapering and rate hikes are typically bullish for the dollar and tend to make it more appealing, hence stronger -Targeting 97 or so for a medium-term target, back towards a 100 in the long-run -This of course could be a headwind for emerging markets if it plays out One way to play this if you don't have a forex trading account is to use the ETF UUP. Full disclosure, I am in UUP calls but you can also just buy the ETF outright if you prefer that.
TVC:DXYLong
by EBITDAtiger
$SPY - Time for a BounceGiving last week's update which I didn't realize was private: Last week was by far one of my best weeks this year trading in the stock market this year, and it's due to a variety of factors: the DP prints, option flow, macro/news, and technicals. I've been preaching the incoming downward movement regardless if SPY or other equities like AMD (downward trend completed -- see prior TradingView analysis on $AMD). - We had huge option order flow occur all week. - The consolidation we were seeing with respect to the supply and demand zone on $SPY. - Testimonies and global events that were creating more room for concern. - Dark pool activity not only in $SPY but all across tech especially. Put all that together -- the put flow, the dp data, macro/news and technicals and you'll get the best risk to reward that you can play with, which means more money in the market. You may have to wait to find the right set up, but considering multiple variables is the most consistent way to trade and if you want to be a trader that's what you got to end up doing at the end of the day. The data all together worked out pretty well as we saw a huge waterfall and more sell off after CPI data was released. I took my profits last Friday as this week could still remain pivotal. So what happens this week? My expectation is we fall a little more, however, I don't expect us to make a new low of the year.. at least not by a significant margin. A variety of scenarios could play out, if we fall further on Monday, I expect us to get into a range between prior supports (approx) 385-387. We may also possibly get a bounce from a sell-off on Monday going into Tuesday and from there we could see a possible gap fill this week if not later. Then after the gap fill, we could see another bearish retreat. I want to talk about the put flow all of last week. Super super bearish . I shared the deep $SPY action last Monday which allowed those folks to cash in on the amazing waterfall we experienced on Friday. The thing is most of these large orders is they have shown to be valid especially during corrective stages. Nevertheless, always be careful especially with how volatile the markets have been. Keep in mind the technicals and flow to give you a sense of where the market can go in the near-term time period. Now: We definitely made a run for it and enough to come up to a short term demand zone . The FEDs job technically right now is to halt consumer spending. Spread fear and have people stop buying to combat inflation . That’s not necessarily good for companies selling. And rate hikes will hurt companies who need to borrow and are in debt especially with limited free cash flow. The recession drama is far from over and there is still great possibilities of downside in the market. Personally, I think we will continue to see worse inflation for this month. We have just started to see the first lowered guidance from companies across the board for the first time in a long time that there's no reason to see a pick up into next quarter. The stock market and how the economy is going aren’t always moving together so even if the general expectation is to see more downside, I believe we're due for a bounce up in the near-term. Showing a larger picture of my past forecast/history with $SPY. Enjoy!
AMEX:SPYLong
by theapearmy