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.
Spy500
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!
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 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
$NASDAQ 3/2The NASDAQ index has entered a buy zone, indicating a potential bullish reversal in the near term. Despite an uptick in selling pressure, buyers have demonstrated persistence in their bids at similar levels. This key zone between 11860 and 12000 holds promise for a bullish momentum, running into the Fed's taper talks. However, a breach of the level at 11978 could trigger a downward shift towards the purple pivot level at 11410, signifying increased pressure from sellers.
Key Technicals Levels
Support at: 11895
Resistance at: 12189
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$ARRY has been up trending since weeks, now testing support again.
Today's FED meeting will give us a clear vision on equities future, this setup is only valid if FED remains dovish.
Market now looking to go BearishWith the massive selloff in the market today and the great setup on the VIX it is looking like this little bull run could now be over.
In my 2 chart pics I have the daily charts of the SPY and the VXX. This looks very obvious that the VXX is ready to spike which will send the market lower.
It is always important when determining where the market is going, to look at the vix. If the vxx is bearish the market is likely bullish, if the vxx is bullish the market will likely be bearish. It will mostly be opposite.
So right now the VXX is setting up very bullish for Friday. I will be mostly looking for bearish setups to trade on Friday for the top stocks and indicess
Now it is also important to view the futures over night because they could easily turn around a rally setting up for a gap up in the SPY the next day.
STILL 100 % of track NEXT LEG OF THE BEAR IS ABOUT TO START I am now getting another major sell model long term sp 500 to total Long term bonds is been given in my models I personally have moved into 6 month and 1 year till bills today I manage six large trusts And told my group to shift All funds into insured accounts I will be moving to 50 to 75 % % short on any rally into 4183 and 100 % at 4212/4222 or on a stop of 3988 . sp 500 to bonds ratio is near BELL RINGING now as of today I see the lows of dec and oct taken out I have two targets based on the cycle low projection 3510/3490 . . I came up with in dec 2021. target is 3390/ is the alt the main target is 2785/2985 the decline should be in time cycle march low 2024 and should unfold in another clear 5 waves .. BEST OF TRADES ! WAVETIMER
S&P 500 Are we about to drop it like it's hot?Tracking our wave count for the S&P 500 we could be about to drop hard this week, with CPI reports due out on Tuesday and the Fed due to deliver another hawkish statement on Wednesday we could be entering into the wave 3 of C which will be a very sharp move and will demolish a lot of wealth in a very short space of time. We will move away from the narrative of inflation peaking and into a new narrative of inflation not dissapating as quickly as hoped. In turn the Fed will have to keep interest rates higher for longer than anticipated (which they have signalled in the past few meetings). This is likely to scare investors out of stocks and into cash, namely the dollar. The 'bullish' move up that topped on the 1st of December was just a counter trend rally (completing wave 2 of C) and was designed as such to convice traders/investors that the bottom is in and we are heading to new highs, drawing in the bulls only to swing rapidly to lows not seen since the covid crash. We feel a conservative target for this wave 3 of C would be circa 3200, a very nice 750 points of profit from current prices.
#S&P 500 INDEX In its decreasing movement after breaking the trend line, it has created a very harmonic and beautiful trend with a greater slope than the higher time.
Currently, in dealing with a resistance level from the previous movements in the range of 4136.85, three ranges are expected before the range of 3898.11 in the areas:
1-4045.50
2-3996.74
3-3935.98
touch There is no need for the trend to reach all the above goals. The price moves towards the trend line with a lower slope.
In case of unexpected performance, the ceiling of the previous pattern in the range of 4320.08 is considered an important range.
No bullish signals yet, wait 1 monthThis is a long term view.
BTC and SPY have always been going hand in hand.
Every start of a bullrun was marked with green crosses in EMA 7/20 for both BTC and SPY.
Right now, we have not a green cross on either of them. Interestingly, both are still on death-cross trends.
Within the next few weeks, the signals will be clear. Better be late than sorry, if it's bull, there are always money to make.
TIME IN THE MARKET (a different perspective)Hello TradingView friends,
Today I would like to discuss a topic many have heard of but few actually have indulge deep into. The phenomena is known as "Time in the Market".
The chart we are currently looking at is on a Monthly time frame and I will be using 5 smooth moving averages. (red:20, purple:50, green:100, blue:200, white:300)
There is a point on the chart, which I like to call the "hard reset" (it is defined with the white vertical line) and that is when the monthly candle touches the 300SMA. The reason I call it the "hard reset" is because once the market visits this moving average it doesn't visit it again for a long time. As a non-believer in the 16 year cycle theory I like to vision cycles from the 300SMA back to the 300SMA. Looking at the first "hard reset" we can see that we visited it again approximately 36 years later (73-09).
For you to get a better perspective, I like to class any candle above the 100SMA (green) as "in a bull market" because every down trend/bear market that has occurred in between the 300SMA's have only been for a short period of time as it has held above the 50 month SMA (purple) before continuation.
-A "hard reset" recovery.
After the monthly candle visits the the 300SMA the markets first goal is to rally then recover the 200SMA (blue), rally again and recover the 100SMA before ultimately going on a lengthy multi-year bull run with soft landings in between.
Diving deeper into the years between 1973 and 2000 we can observe one major crash which happened in 1987. This infamous crash known as "Black Monday" (purple vertical). It was the biggest one-day percentage drop in U.S. stock market history and even that crash bounced off the 50SMA, which in perspective is actually a "nothing burger". It didn't even hit the 100SMA and quickly continued on its trajectory.
-What happened between 2000-2009?
When looking at this void in time, it was a correction that took place over a period of 9 years and lasted from the top of the 27 year run to the 300SMA, which in my terminology is called the hard reset. It involved 2 major market crashes known as the DOT COM and GLOBAL FINANCIAL CRISIS. An extremely tough period of correction but needed to happen for the "hard reset" to occur.
-So where are we today?
I'd like to think we are just over half way through another 27 year-ish cycle (that is from the hard reset to the top), approximately 14 years ahead of the last "hard reset". During this period we have rallied and recovered the 200SMA and rallied again and recovered 100SMA (the covid19 crash). The covid19 crash was a swift but hard crash that helped us recover the 100SMA as support and shortly after, the market continued its rally. Funnily enough, the covid19 crash is (on a time factor) a worse crash than the 1987 crash considering it wasn't a lower percentage drop.
-Using all of this data what can we obtain?
I believe that using the factor of time we are not yet ready for a hard reset and that the market should naturally continue as time has not yet shown that we need this type of correction. Judging from the point that we are currently at I think we either bounce from the 50SMA, which we hit late last year, and continue (the red line) or we correct one more time and target the 100SMA then continue (green line). I personally would be extremely surprised that the 100SMA is targeted twice in such a short period and therefore continuation from here and a multi-year bull run seems like the utmost clear probability. Using all this data, I would conclude that this bear market due to time was/is our generations version of the 1987 Black Monday crash because it hit the 50SMA. This is technically again a "nothing burger" and would expect us to continue from here and further down the line target the 50SMA.
I hope you enjoyed this read and would love to discuss your opinions on this. At the end of the day I don't have a crystal ball and can't predict the future but I like to dissect markets and obtain information. Have a great week and can't wait to see what happens. Much love.