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Shortspy

SPX / SPY - Bears, ready to raid this Pic-A-Nic basket BooBoo?Evening Update for Watch Tomorrow Rounded top and incoming 4HR EMA Bearish Cross (around 1pm Nov. 6) will confirm downtrend. SPX at 3064 or below and Bearish EMA Cross develops causing further downtrend. SPX at 2896 or less and Bearish Daily Gaussian Channel develops. Rounded Top – “Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a REVERSAL in the long-term price movement.” - www.investopedia.com Other Relevant Information: Federal Reserve of New York, Cleveland, and Fed Reserve Board of Governors ALL PREDICTING 30% or more chance of recession in next year (highest since last recession 2008). New York Fed Reserve - www.newyorkfed.org Cleveland Fed Reserve - www.clevelandfed.org Board of Governors of Fed Reserve - www.federalreserve.gov "the probability of a recession peaks between 30 percent in 2020 and 40 percent in 2021" - First Paragraph Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
OANDA:SPX500USDShort
by MoneyPatterns
4
SPX / SPY - Evening Star PatternLooks like we may get an Evening Star on SPX today. At close of market, it was exactly like ThePatternSite but price going down still. Confirmation at close of day tomorrow with a candle that opens below the prior candle, and closes at least midway down the body of the day prior (Like Nov. 4th). “The evening star candlestick acts in theory as it does in reality, as a bearish reversal of the upward price trend 72% of the time. That gives it a rank of 10th, which is high. However, with a 71 frequency rank, it may be a long time before you see one in the bush. The overall performance rank is 4th, and that is top notch. Once the trend begins, it tends to remain trending.” – ThePatternSite thepatternsite.com Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
OANDA:SPX500USDShort
by MoneyPatterns
1
SPX View - SPY - Domino's Ready to FallThe way that the Gaussian Channels stack on top of each other with such close price proximity says: 1- Higher we go, more likely we are to go down. Channels get closer as we go up, but CANNOT overlap like EMA/SMA's. 2 - Channel midlines so close together, a price drop of $10 or $20 in SPY and all them turn red instantly. Once these short time-frame midlines go, the Daily is setup to fail. Also, Gaussian Channel widens right before switch to bearish/bullish. Channel is currently widening on the 30Min, so we should get a bearish downturn soon. No telling how far, but things are setup to go down - NOT up. CNBC analyst this morning basically said few weeks back all Options bought were bearish, which caused the bullish options to become cheap. When this happens and you have several Billion, you can get them cheap and overtake the general direction of the market. Banks and institutions buying call options are the only reason SPY / SPX is staying up. Leverage - plain and simple. It cannot be sustained for much longer artificially without fundamentals or earnings. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
OANDA:SPX500USDShort
by MoneyPatterns
6
SPY / SPX - 4HR Bearish EMA Cross Close!4HR View shows 8/21EMA bearish cross incoming. If we get below $303, this will confirm Bearish cross to continue downtrend. If we get below $293, this will confirm Bearish trend on 4HR for continuation. :) If we get below $290, this will confirm Bearish trend on the Daily. Price will be outside Gaussian Channel AND outside the pink channel. LANDSLIDE! Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
AMEX:SPYShort
by MoneyPatterns
4
Ready for the downturn - SPY ready to "die on euphoria"“Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria,” he said. “The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” - John Templeton ( www.google.com ) Market feels artificially inflated. Who is buying SPY at all time high? Who would have the most to gain by pumping? My opinion - Banks and institutions trying to put the oxygen mask on while the plane crashes so the passengers are calm, while they jump out right before selling during Christmas with a cash parachute. Please feel free to comment, like, or follow. All comments are appreciated. Thank you to those who like. I am not a financial advisor, but I will give my opinion if you have a question. Disclaimer - I am waiting to buy Puts based on my research, possibly within the next 36 hours. Please do your own due diligence.
AMEX:SPYShort
by MoneyPatterns
6
Potential Evening Doji star patternWith an all technical perspective, the spy has formed three tops within the last 6 months with less bullish sentiment. On a weekly chart we can see spectacular RSI Divergence and a Doji Star. I think this is a very good risk/reward scenario for considering a short position in spy. The Entry Could be around the close of the doji and a stoploss if it breaks above the doji. If you want to be more patient, then wait for the weekly confirmation of an Evening Doji star pattern. Potenital target around the monthly pivot point of 260.
AMEX:SPYShort
by UnknownUnicorn2034381
1
SPX Market Top? The Immediate Future Looks BadLet's look at a few things here - First: Based on the last down swing we have reached the 1.272 extension which, based off the patterns taught by Larry Pesavento, is a key extension for trend reversal (the other, 1.618 I have on the chart as well, as that'd be the next target if this one fails). Second: Volume is telling us a similar story, I added my relative volume oscillator to show how volume has been below average on upswings, then above average on sell offs. These moves haven't had any confirmation volume on the way up which looks bearish for the future (looks worse on weekly and monthly charts). Third: Major RSI divergence - which is my go to for catching trend reversals. This too gets worse on the weekly and monthly charts. Fourth: the immediate pattern is an ascending broadening wedge - more bearish immediate implications. I don't think there's a question regarding IF we go down here - just how far? I am extremely bearish long term so I think you know my answer. I'd also like you to take a look at this post from @Ajion showing that the current pattern has major resemblances to the market top in 2000 during the dot com bubble, a link to his post is beneath this.
SP:SPXShort
by J-Streak