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Spy500

Market to suck in die-hard bulls before abrupt reversal?Finally, the SPX rebounded to the level we initially expected it to reach (outlined last Friday). This move was accompanied by a bullish reversal in RSI, MACD, and Stochastic on the daily chart. To support a continuation higher, we want to see these indicators continue to develop bullish structures. However, to support a thesis that this is merely a correction of a prolonged downtrend that began in late July 2023, we would want to see RSI peak below 70 points (which is very common for downtrend corrections). In addition to that, we would like to see MACD fail to break above the midpoint. As for our stance, we continue to wait on the sidelines (for short re-entry if the situation develops as expected). However, at the moment, we still do not feel comfortable to take action. The SPX might continue higher, potentially to the level where it sucks in bulls who start predicting new all-time highs and soft landing, just before an abrupt reversal. If we were to think of such a level, it would be somewhere near $4,450 (coinciding with the breakout above the sloping resistance). Though this is, of course, only a speculation at this point. It is not warranted the market will rebound as high (especially as yesterday’s candle looks somewhat exhausted). Therefore, for minor clues, we will pay close attention to the price’s ability to hold above the 20-day SMA and Resistance 1; a failure to stay above these levels will raise our suspicion and potentially signal a loss of upside momentum. Illustration 1.01 Illustration 1.01 displays the daily chart of BTCUSD and two simple moving averages. The 20-day SMA acts as a support. If the price fails to hold above this level, it will be slightly bearish and raise our suspicion. Technical analysis gauge Daily time frame = Slightly bullish Weekly time frame = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPXLong
by Tradersweekly
8
$SPY Inverse Head & Shoulders PatternAMEX:SPY Inverse Head & Shoulders Pattern, In the recent trading sessions, the SPY index has exhibited a compelling technical pattern commonly known as the Inverse Head & Shoulders. Unlike its bearish counterpart, the standard Head & Shoulders, this pattern is generally considered a bullish indicator and may signify a trend reversal from downward to upward. The structure of the Inverse Head & Shoulders consists of three main troughs. The middle trough (the 'head') is the lowest, flanked by two higher troughs (the 'shoulders'). The pattern is confirmed when the asset's price moves above the 'neckline,' a resistance level connecting the two shoulders. Investors should remain vigilant for a decisive close above this neckline, as it would confirm the completion of the pattern and potentially signal the commencement of a new bullish cycle for the SPY index.
AMEX:SPYLong
by AlgoTradeAlert
Unlocking SPDR S&P 500 ETF Trust's PotentialAt the start of 2023, our key assumption was that bullish trends would dominate the market this year despite the challenging global macroeconomic conditions following the post-COVID-19 era. Our prediction proved accurate, as the SPDR S&P 500 ETF Trust has already surged by over 10%, despite the ongoing high hydrocarbon prices. Bears have been trying to regain control and putting downward pressure on SPY in recent weeks. Adding fuel to the fire was the news that the Federal Reserve is ready to raise interest rates again if necessary, Jerome Powell said following the meeting at the end of September. "Given how far we have come, we are in a position to proceed carefully as we assess the incoming data and the evolving outlook and risks. Real interest rates now are well above mainstream estimates of the neutral policy rate, but we are mindful of the inherent uncertainties in precisely gauging the stance of policy. We are prepared to raise rates further if appropriate, and we intend to hold policy at a restrictive level until we are confident that inflation is moving down sustainably toward our objective. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments." However, despite the negativity spreading in the media, in our opinion, all movements are taking place within the framework of corrective wave 4, which will be completed this week. Overall, we believe that the Fed will not tighten its monetary policy as American savings continue to decline, which, given the rise in household debt, poses a significant threat to the stability of the US financial system. In conclusion, we would like to note that we are optimistic about the American economy, which is showing its stability while China cannot recover from the COVID-19 pandemic. As a result, we expect that the price of SPDR S&P 500 ETF Trust will continue its movement within the impulse wave 5 up to $461-462. Analyst’s Disclosure: This article may not take into account all the risks and catalysts for the assets described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
AMEX:SPYLong
by ALLKA_RESEARCH
4
Is TSL Stock Worthy Beyond 2025? Let's Uncover That Now, I know what you might be thinking. TSLA has been quite the rollercoaster ride, with its stock price soaring to astronomical heights and then experiencing some sharp declines. But let's not forget the incredible achievements and disruptive innovations that Tesla has brought to the table. From electric vehicles to renewable energy solutions, this company has been at the forefront of revolutionizing multiple industries. Looking ahead, it's crucial to consider some key factors that could shape Tesla's future performance. The electric vehicle market is projected to witness substantial growth, driven by increasing environmental concerns and government regulations. Tesla, being a pioneer in this domain, is well-positioned to capitalize on this trend and maintain its market dominance. Moreover, Tesla's ambitious plans to expand its production capacity, particularly in emerging markets like China, bode well for its long-term prospects. As the company continues to scale up, economies of scale could potentially lead to improved margins and profitability. Additionally, Tesla's investments in autonomous driving technology could open up new revenue streams and solidify its position as a leader in the automotive industry. Now, let's talk about the call-to-action. As traders, it's essential to keep a close eye on the performance of our investments. I encourage you to consider holding onto TSL if it consistently outperforms the SPY ETF (S&P 500 Index). While past performance is not indicative of future results, this metric can serve as a valuable indicator of TSLA's strength relative to the broader market. By closely monitoring TSLA's performance against the SPY ETF, we can make informed decisions about the stock's long-term potential. Remember, investing is all about calculated risks and staying ahead of the curve. If TSLA consistently outshines the broader market, it may be worth considering as a long-term holding in your portfolio. In conclusion, the question of whether TSLA is a stock worthy of holding beyond 2025 is a topic that sparks curiosity and debate. While the future is uncertain, Tesla's innovative spirit, market position, and growth opportunities make it an intriguing candidate for long-term investors. So, let's keep a watchful eye on TSLA's performance and evaluate its potential against the SPY ETF. If it continues to outperform, it might just be the time to consider holding onto Tesla and ride the waves of its future success.
NASDAQ:TSLALong
by bryandowningqln
$SPY 20% Up Under 10% downAs we assess the performance landscape for this year, it's imperative to focus on key metrics that underline the strength of our investment strategy. Notably, the S&P 500 Index, represented by the SPY ETF, has appreciated approximately 20% year-to-date. This solid growth trajectory reinforces the robustness of the current bull market. Furthermore, it's worth highlighting that market corrections have remained relatively contained, with pullbacks not exceeding a 10% decline. These controlled retracements are indicative of a market that, while exhibiting occasional volatility, is fundamentally strong. Our analytical framework projects specific price targets for SPY, which are delineated in the accompanying chart. These targets have been carefully calculated based on a variety of factors, including historical data, economic indicators, and market sentiment. In conclusion, while it's crucial to remain cautious and diversified, especially in a market that has demonstrated significant gains, the underlying metrics point toward a resilient market environment. We encourage you to continue to engage with us as we navigate these exciting market conditions.
AMEX:SPYShort
by AlgoTradeAlert
SPX Weekly TA SPX - Weekly Chart TA, Sunday, September 24th, 2023 Based on the 3 major time fibs, I am looking for a major trend into October 18th-Nov 8th period. The 2022 High/Low time fib 2.0 was one day off from the 2023 high. (Progress/Stalemate over the Government Shutdown can affect that thesis of timing) Longs: Last week's selloff left a gap above at 4401 - Bulls want to regain the 100 day SMA. That would be the main target for a short term bounce, with the gap fill and then a test of the falling 50 day SMA. That would put us back in the value area from the July highs, and the VAH from the March lows to that same July high. Current reading is oversold on the daily, so a ST bounce is expected. Gravity Points are stacked in the HTF Supply zone, so major resistance for LT Bulls to get through. Shorts: Any bounce this week will be met with bears trying to STR. They will want to see the 100 day SMA act as resistance, and will likely see more shorts step in at the gap fill & the 4000 Psych level. A failure to regain those levels should be met with increase selling and a drop below the 4300 level. If Bears can flip the 4300 into resistance, the move to the May gap fill (4232) should be swift. I would look for Shorts to then peal positions in the HTF Demand zone from 4232 to the .382 H/L fib at 4180. The 200 day SMA is sitting in the demand zone, acting as potential added support. LONG TERM THESIS: I am expecting the bear pressure to be in control into October. If I had to make a bet, I would look for the higher Demand Zone to be tested shortly, with a test down to the lower HTF Demand zone as a possibility before an EOY rally.
SP:SPX
by AlwaysReliable
SPY S&P 500 etf Options expiring next weekIf you haven`t bought puts ahead of the FED`s Interest Rate Decision last week: Which happen to end up 4.18X higher after the Federal Reserve suggested the likelihood of another rate increase in the near future. Then you need to know that SPY is approaching an oversold area. And historically, as you can see in the RSI chart, in these areas technical players tend to buy the dip, anticipating a technical rebound. In this context, and looking into the options chain, I would consider the following Calls expiring next Friday: 2023-9-29 expiration date $430 Strike Price $4.38 Premium Looking forward to read your opinion about it!
AMEX:SPYLong
by TopgOptions
3
SPY S&P500 ETF Options ahead of the FED Interest Rate DecisionThe latest Consumer Price Index (CPI) report this week has shown inflationary pressures, with a 0.6% month-on-month increase in CPI, in line with expectations. Additionally, the core CPI, which excludes volatile food and energy prices, also saw an uptick, rising by 0.3% month-on-month, above expectations at 0.2%. On a year-on-year basis, CPI has surged to 3.7%, surpassing the anticipated 3.6%. Moreover, core CPI, at 4.3% year-on-year, has held steady as per expectations. These numbers underscore the persistent inflationary trend we have been witnessing. Such elevated levels of inflation can be concerning for financial markets, as they often lead to higher interest rates. With the upcoming FOMC meeting, there is speculation of another 0.25 basis points rate hike, which would further tighten monetary policy. In light of this, I`m considering the following Puts: September 29, 2023 expiration date, $440 strike price, and $2.25 premium, to align with the bearish sentiment. This strategy could potentially be prudent given the expected market conditions. However, it is crucial to remain vigilant, as market reactions to FOMC decisions can be unpredictable and swift. Looking forward to read your opinion about it.
AMEX:SPYShort
by TopgOptions
1