Spy500
SPY AnalysisThe Middle Gann line is of interest in this case
I propose an ascending broadening wedge to form above the middle Gann line
This is shown by the bars pattern placed
The 50MA is an area of support
The above idea can be applied to this ticker
It seems far fetched but when COVID is compared to other drops in the market, COVID outweighs them all, yet we receive the smallest bear move
Troubling
SPY - Break to downside? Gap up? or More the same?i added these little short term lines yesterday.
(Basically the range) its touching the diagonal line i put up.
i think we stay the same today. and going back to open price.
and either break up Monday or Tuesday. or Fall hard.
im more feeling the upside in the coming week.
esp if the dollar dips!
this is for progress keeping purposes only not advice.
happy weekend! Trade wise.
SPY (S&P500 ETF) - Trend, Support, Resistance - 11/2021SPY index ETF price has been in an uptrend & ascending channel throughout 2021.
Price is currently testing the upper resistance trendline (~$470).
Bearish Scenario: Price falls down below $466 to $460.
Bullish Scenario: Price breaks up above $470 to $480.
Support(s): $466, $464, $460, $455, $452, $448, $446.
Resistance(s): $470, $472, $476, $481, $485, $488, $494.
Note: Q3 2021 Earnings Season will end after mid-November.
#ES_F - Sellers Coming in Yet?
Judging by yerterday's failure to make any new highs, sellers might just be coming in today. If market is trading below level which was defended yesterday, we might just see further liquidation.
I am not 100% short at this time because the buying volume over the past few weeks have been quite 'healthy' but it is getting too over extended since the lows of October.
It is the FED day The markets are likely to choose a directional price path after the announcement and press conference that will wrap up around 3 PM Eastern.
While the market is pricing in hiking, it’s not actually pricing in tightening. Or to put it another way, it’s not pricing in the kind of move that would meaningfully slow down growth or inflation.
Aspen Trading S/R levels are showing resistance @ 4,628.25 and we should wait for the market direction after FED announcement. Overall, SPX500 looks really good for a bullish move to the upside.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
SPY Major Downside Into NovemberExpecting a Y leg downwards within a WXY complex correction structure. This will create around a 6-8% drop in the S&P500 over the next month or so. The drop will likely take the form of a three-legged correction (internal WXY subdivision) which will end with a large acceleration downwards.
S&P 500 wave forecast till end of runSo turning a few corners here, but the confluence is there as described on the chart
It seems we follow the fibs in the pitchfork seen
Target 5400 in april
1 Trillion Leaving total Crypto market (Bitcoin) $btc1 trillion dollars in my analysis will be leaving the Bitcoin market, over the next 2yrs til the Apex is breached and we load up on C wave
Short Bitcoin, Long Alts
I will load up on #dogecoin for super cheap prices
Bitcoin target $35k, then $15k which confirms my analysis of money leaving the market in large volumes. mainly bitcoin
Bear Pennat in SPYSeems like a bear pennant is forming.
Further market direction depends on the side that we break out of.
I am sour so i want to see a solid move down from these levels.
However, very aggressive buying is going on today.
Loaded SQQQ, SPXS, UVXY, SDOW and a some puts. Either getting paid or getting my ass handed to me.
SPY Bullish CaseWe all know what they do best - print like there is no tomorrow.
If 430 level hold and is bought, we will get out rally. Every guru and their subs are long to their teeth. There is cash on the sidelines. If that cash sees this as a double bottom buy the dip opportunity - to the moon we go.
If this dip is not bought, look out below.
2hr shows a death cross (when 50MA crosses 200MA), 3hr is approaching a cross. 4 hr looks like a double bottom. Daily we are sitting pretty on 50MA. Short term time frames dont matter as much as long term timeframes. I am still eyeing 410-420 level but will change my mind if I see aggressive buying action today.
At the end of the day, you are the one clicking buttons and making decisions for yourself. Today will not matter so stop trading and pick long term strategies, use intraday activity to help your conviction.
SPYWould be nice to get a drop to 410-420 for a nice buy the dip opportunity into the year end
365 would definitely be a gift.
180 in 2023? Jk (not)
We will see what Powell and Yellowstein has in store for us.
There are a million reasons to be bullish and a million reasons to be bearish. You pick the side you want to be on. I am 60/40 but may change my mind in the next 5 mins. You are welcome to do the same.
Warning Signals S&P500 SPX500 SPX DJI DJT - Macro Analysis🚨We are nearing a Dow-Sell-Signal acc. to the new Dow-Theory🚨
We had a drop of more than 3% S&P and Dow which is causing a secondary reaction. If the S&P stays below $4400 the secondary reaction is confirmed.
This is the FIRST step acc. to the Dow-Theory system by Jack Schannep!
The economy is still in a major post-pandemic depression and many S&P500 companies are not profitable anymore! FED has pumped up the stock market artificially with free funny money that it has even broken above a resistance trend-line (cyan line) which exists since 1936 and at the same time the Buffet indicator indicates an extreme overvalued sell signal! Also the Wave Trend Oscillator, MACD and StochRSI has crossed bearish at 2W TF & 3W TF recently which means that bullish momentum is exhausted and that we are at a tipping point right now.
Basically it was a bullish signal that the $SPX has broken through the resistance trend-line (cyan line) but I think this was just a so called "overthrow" or "fake out"!
Since May 2021 we have a divergence between the Dow-Jones and the Dow transportation average which is a disconfirmation of the stock bull market. SMI (smart money indicator) shows that smart money is scaling out for months now (not shown on chart). Furthermore, sentiment signals also indicated very rare warning signals. For instance, Jason Goepfert's (sentiment-trader) indicators flashed rare warning signals recently, which means that there is a high spread between bear market probability and macro index models. Last time Jason´s sentiment indicator showed such a high spread was 14 years ago! Also Robert Prechter's Bear Market Prediction (Macro Elliott Wave Analysis with Fibonacci-Cycles) is confirming that we are nearing the end of a major stock bull market soon.
Ray Dalio´s debt cycle model (Short & Long-Term Debt-Cycles) is also indicating that we are on the verge of a serve debt crisis which will cause a major post-pandemic depression similar to 1929.
Currently the consensus (the herd) is thinking that we are currently in a high inflationary environment, but this was just a temporary spike in inflation rate which is currently at a dipping point. A deflationary shock will come sooner or later but an accurate predication when this will happen is impossible. When the debt bubble implodes (credit crunch) there will be high deflation also when it could be short-lived (economic depressions are usually deflationary).
Also smart-money is betting on deflation which is anticipated in the recent raise of bond prices.
At the end of the debt cycle central banks will expand the money supply even further (more money printing) which could cause high inflation but this also depends on factors like velocity of money and on the credit supply. For instance Japan is in a depression for approximately 30 years and there is still no high inflation due to manipulation with negative interest rate policy (NIRP).
However, you should know that in the background the elite has already established plans for the great reset which will force everyone to transition into a new monetary system.
Banks and other financial institutions will use “Ice-Nine freezes” to get your money!
Be prepared and have CASH on the sidelines. This could get very ugly!
Of course these major stock market signals also have negative impact on cryptos as well...
We recommend to accumulate gold and silver during the deflationary shock.
Also US treasury bonds usually are a good investment in a low-interest rate environment (=raising bond prices).
A deflationary shock will be a very good opportunity :-)
Disclaimer!
I´m not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Harmonic bounce on the SPY. The trend will defend.Beautiful harmonic bouncing on the SPY . This will be a classic breakout, pull back, continuation pattern. The 30,50,100 SMA's are wide and healthy regardless of the noise and hyper evaluations. The trend will defend but a correction is due... we all know it.
SPX touched the 200 EMA on 4h and got rejected. Time to go up!SP:SPX had a solid retracement today and while the situation may seem bearish on smaller time frames, if we switch to the 4h time frame we can clearly see that technical analysis suggests we are still in a bullish trend. A rejection happened at the support level of 200 EMA. Last time SP:SPX broke the 200 EMA support level was in February 2020, just before the first covid lockdowns happened.
As long as SP:SPX holds the support level, we're going up from here!