S&P 500 Short Idea! The Spy seems like it needs to cool off. The EW is giving a signal for the end of the 5th wave. I am expecting a drop with a Entry 415.52 down to the Target of 405.13. Please do not do forget to set your stop loss!
Spy500
US500 S&P Technical Analysis and Trade IdeaIn this video we take a look at the #US500 #S&P closely, revealing that it has reached a substantial resistance level and rejected now finding support. Additionally, there is a gap in price below it and an accumulation of sell orders in the form of stop losses that could be a target for bigger players. Throughout the video, we delve into trend analysis, price action, market structure, and price gaps. We also briefly mention a possible trading opportunity.
Current daily channel on spy hope it helps you understand the current volatility rnage of the asset.
keep in mind that he can change profiles quite easily (a good indication of this is a sudden increase in "speed" and volume).
I personally like the idea of looking for entries with confirmation at the bottom (aimed at the top of the channel), but also gives an idea of the area where more attention is needed
Loving the New Indicator SetupThis combination of indicators makes it very easy to see visually and react quickly, while boosting confidence in holding the trade for a bit longer to get through a dip and not get stopped out.
SPX is overvalued and risk while DAX outperformsThe SPX or the S&P 500 appears to be overvalued according to this critical red line in the Fibonacci levels, Fibonacci. With potentially deteriorating market conditions, many have left the stock markets globally to park their money .in safer assets like money markets. Most investors are getting better performance because of higher interest rates than taking risks in the stock market. I have lost all confidence in trading in the stock market currently due to higher volatile pricing action. Is there a significant calamity on the way? There are better-producing stock markets internationally out there, including Germany.
SPY obvious Double Top If you go back to the 30th of November to the week of witching in December 2022; specifically the 13th of DEC you can see how it came to a double top and then shot down from there.
Also the 50 EMA was above the 200 EMA as well. The same situation that we are currently in . Please pay attention because a move is getting ready to happen right before our eyes and most don't understand until Thursday and Friday come. Stock contracts can be very volatile from Monday to Thursday however, once the big wigs have made there money during the start of the week by the end of there week any smart person will pull there money out of those contracts and secure their gains.
I will come back to revisit this come Friday. SHORTTYYYY SHORT SHORT
SPX500 headed to 4400?We have untapped monthly supply zone @ 4300 - 4500 we wait for price to head to the zone and watch market structure.
SPY S&P 500 ETF Analysis Monday, March 20th, 2023Today market is more volatile for high-impact news, so look at the mentioned level to trade entry.
SPY S&P 500 etf Head and Shoulders Chart Pattern. Options to BuyIt looks like a Head and Shoulders Chart Pattern is forming in the chart of SPY S&P 500 etf.
Because I believe we are about to see SPY trading at the neckline of the H&S, I`m considering the following puts:
2023-5-19 expiration date;
$389 strike price;
$4.10 premium to pay.
Looking forward to read your opinion about it!
SPY New Trend ? im expecting $SPY will have small retracement because the RSI in overbought And if we Check the Chart we have Many retracement in the same level of RSI
(Maybe The At 38.20% Level )
Not financial advice im still learning and maybe i have mistakes in my chart <3
What do you Think ?
spx500 is started the 2nd round the zone of 4100 is a critical zone for #spy.
its the 2nd try to fight with this zone and this time a bit stronger.
I am personally 60% cash and I prefer to stay calm waiting for a strong breakout beyond the 4300 .
for the next week the volume is more important than the price.
SPY Crash soonSPY500 crash remains sooner than you think, every time that we break down the BSB in the monthly frame the market crash 50-55%. that is what history shows us in 2000 and 2008.
high probability that we crash this year to 3000 as the first target, or 2500 as the second target before that market bottoms.
the macro shows weakness since last summer and now we face the last capitulation.
SPY S&P 500 ETF Put OptionsI think SPY is nicely following the path to reach $348 by mid-2023 to form a Double Bottom pattern:
My choice for puts is as follows:
2023-4-21 expiration date
$375 strike price
$2.79 premium.
I plan to exit fast, won`t hold until expiration.
Looking forward to read your opinion about it.
Yellow Brick Road Gold & Orange brick road Bitcoin Through-out the history of finance time decay happens, people forget its human nature.
Federal funds climbs the wall, people panic followed by entering the market causing a return to normal, everything is fine this time is different.
Whats that? the Federal funds start to fall faster than the Berlin wall, this is good right, cheaper effective cash.
As the layoffs rise, the inflation falls, as inflation falls governments can't generate income taxing deflation.
Easy money starts to flow as rates continue to fall, SPY must rise tall!, continues to fall, follow the yellow brick road with Gold, follow the orange brick road with Bitcoin.
Yellow rises fast, orange even faster and more violently! which asset will declare victory?
When the wizard drops the rates, be careful shorting Bitcoin and Gold sometimes reality is hard to understand.
\\ Signing off
SPY to 383?The SPY looks like its in a rising wedge on declining volume getting ready to break down to 383. If this setup fails and breaks up, we can see 415 to 422 again. But I am bearish until invalidation. If this can hang sideways in the pattern a bit longer before breaking down,BTC can keep breathing and see the 29k area before selling off from the strong resistance near 30k
ES1! Chart for 3/16-3/17 S/D LevelsDay 3 of posting on Trading View free plan.
Today was insane, lots of levels broken to the upside.. time to take out the demand zones now?
The 5M I charted may be removed, I like to chart 15MIN and higher time frames for more reliable zones.
5MIN and 1MIN are great for entries into zones for me!
Daily SPY technical analysisYesterday spy make strong support. so, it is time to pull back to the up trend. today we can find buy entry from mentioned level of the chart.
S&P 500 further drop expected?S&P 500 has broken a key overlap support a t3906 and has also broken an ascending support line and crossed below the Ichimoku cloud. This could suggest a further drop below 3906 towards the next major support at 3759.
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SPY analysisSpy report for Monday
Pushing or opening above 391.49 will go to 394.73 if the price closes above 394.73 prices will shoot to 402.79
breaking 385.26 prices will shoot to 379.58 and closing below 379.58 prices can reach 368.29
closing under 363.94 market will collapse that is IF WE DO
then we are looking @ 290 to 295 on SPY for Final Target.
SPY S&P 500 ETF The Bigger Picture !The 2023 SPY S&P 500 ETF Price Prediction starting to play out:
I expect a Double Bottom by mid 2023 and a rally to $436 by the end of the year.
Looking forward to read your opinion about it.
SPY S&P 500 ETF Options ChainI have monitored the options chain of SPY in the past 2 months and I noticed some big Puts positions that are recurring, regardless of the price:
2023-3-17 expiration date
$386 strike price
($2.53 premium now)
I don`t know that it has something to to with the higher than expected inflation, continuation of the interest rate hikes, the P/E ratio of 21.80 for SPX (quite high), or the war in Ukraine.
But options traders are quite bearish on SPY S&P 500 ETF for the upcoming month.
Looking forward to read your opinion about it!
SPY S&P 500 ETF Price PredictionOn March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting.
On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come better than expected.
In this context, my price target for SPY is $386 by Mid-April.
Looking forward to read your opinion about it.
$SPY Similar action to September 2022 rally pausing at 30 day MA$SPY Similar action to September 2022 rally pausing at 30 day MA
With volatility crushed today and CPI / FOMC around the corner, I like to start building back short positions here. Bullish case for a SPY gap fill in the 420's but hard to see in current macro, technicals are strong however
