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DXY, And general market view [11May2022]Hello, I've been gone for some time now. busy with my job and backtesting and improving our code. Suffice to say, we saw a massive improvement in our backtest and also ability to capture psuedo-macro cycles, pretty stoked about that. Let's get over the boring stuff. Our algo was pretty efficient at capturing dollar moves and as of today, dollar (DXY) became green again. It had consolidation period for last week and current upper range is 106, which is pretty massive. Either the code is bugged or we are in for some pain. When DXY is making these big moves, the associated pairs such as EURUSD and USDJPY are also showing some incoming big moves. 1. EURUSD is bearish short term and long term, and currently at the top end of its today's range 2. USDJPY is bullish short term and long term, currently almost at the low end of its today's range, but volatility is still a bit high for y liking's 3. USDMXN however is mild bearish, probably MXN still remains as one of the safe haven like in the 90s? I don't know, but I will not be buying USD against MXN 4. Micron (MU), our analyst actually likes this a lot, but currently it has a strong short term bearish trend to 62, short it if you want. 5. JD.com is short term bearish and long term bearish too 6. SPY and QQQ are also bearish at the moment, expect a bounce or a straight up drop. I will not be touching them for now 7. Crude oil is bullish at the moment with top end at 115 and low at 92, do with that what you will. We have few more ideas for today, I'm just lazy to type them. If you want some insight on our crypto plan, please hit follow I will be posting our idea for crypto for this year soon.
TVC:DXYLong
by reddan256
1
$SPY April 2022 CPI data are scheduled to be released on 5112022The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
AMEX:SPYLong
by BADQOMOCAWGOWLD
SCENARIO 2 FOR A POLKADOT BOTTOMPls visit our last Polkadot analysis for better context. As we know DOT was inside an ascending triangle pattern ( bullish ), however price has fallen out of that pattern for a much larger wave 2 correction. Should price fail to close back inside the triangle and i think it wil fail due to bitcoin's vacation, we will have ourselves in play, a regular flat correction for wave 2, comprising of a large ABC correction with the C wave being a 5 way impulse move marking a 100% retracement of our Wave AB and aligns perfectly with the downward trend channel price seems to have created. Make sure to apply proper risk management. Goodluck
by RektMyMom
SPYSPY is trying hard to go up as it bounces back from the support and has seen the 405 level twice. This area should be considered in high demand for now. Looking at the futures right now, they are already down -0.50%. Two more things to consider: 1. MACD is trying to cool off as well with RSI. 2. If we see a bounce back from here and break the downtrend, we might see a reversal, but if the 425-430 area gets destroyed. I'm going to play with calls tomorrow because on May 11, there might be a sell-off considering the CPI report.
AMEX:SPY
by UnknownUnicorn11669057
SPYToday, we saw a massive sell-off after yesterday's massive rally, but there was an enormous volume at the end of the 15 minutes of the trading session. I see two scenarios tomorrow. Scenario 1- we might see a dump at the beginning and then upward correction in which the spy will touch the 417-418 area and then back down again. Scenario 2- We might see a sideway trend as well. 417-418 area, then back down to 410-411 area. I'm bearish here because the pump didn't last even for a day and nobody bought the dip today. I'm looking for a 340-360 area to go long.
AMEX:SPYShort
by UnknownUnicorn11669057
MAy 5,2022 SPY Game plan Yesterday's game plan went fantastic. We are officially in an uptrend (short term) minor correction of a downtrend. We can see a dip at the opening as it needs to cool off for the next leg up. Drips I'm looking at, the levels are 425.66-425.95; if this one slides, then will see 421.78- 422.56. Volume was there, and we saw a massive rally at the end of the day. Make sure you are on the right side of the market. Shorting here should be considered high risk and if you want to short, wait for the trend to break. Playing with calls tomorrow can be fun but make sure to look at the trend always. For now, we are incredibly bullish.
AMEX:SPY
by UnknownUnicorn11669057
SPY/SPX BARELY HANGING ONAMEX:SPY SP:SPX whats up guys hope everyone is having a good week. was having some technical difficulties earlier this week so wasn't able to post any updates so I decided to do a bit of a deep dive into SPY and take a look at all time frames. primarily at the daily and weekly. for the SPY I believe we must hold 415 for us to see any type of reversal to the upside. if we get a daily close below that level i think we could see accelerated selling all the way down to around the 400 level. i also go over the weekly chart for SPX and showed my short idea on the weekly which so far is playing out nicely. in that analysis you can see the long term price target for the downside correction is around 3500 short term i could see a reversal to the upside as long as earnings are decent which so far they have been imo. when deciding if im bearish or bullish...i am seeing more bearish tendencies in the market than bullish tendencies so i am going to have to continue with the short idea. specifically for the weekly. let me know what you guys think. exciting market conditions if you ask me. thanks everyone! happy trading mindset matters
AMEX:SPYShort
by MindsetTrad3r
3
$SPY 500: Strong Bullish Divergence!⭐7.86 Fib Mounted as strong support confirmed by a significant amount of volume (425) This support is valid by the VPVR and Bullish Divergence on the MFI. ⭐6.18 Fib Support mounted with large volume. This support 435 is valid due to the large VPVR node + volume. ⭐446 Resistance confirmed by VPVR and selling volume + Ichimoku Cloud Resistance. ⭐453 Resistance confirmed by 2.32 Fib and large VPVR node + selling volume. ⭐For bullish price action a 3D close above 446 is needed to reclaim Ichimoku Cloud support. ⭐Strong Bullish Divergence on the MFI hints for a breakout ⭐Options Chain bullish 70k Volume + 20k Open Interest at 450 which makes it a likely target. Lower targets than this are unlikely due to the bullish options chain. *WARNING* This thread is not financial advice. I am not a financial advisor.
AMEX:SPYLong
by Patriick2jz