Spy500
$SPY Daily. The night before the meme stocks' drama unravels.Divergence on RSI as we retract to 0.38 key level after a 30+ point gap down on SPX on Wednesday. A gap down is in place again with new South Africa virus variant and an exposed liquidity problem. There are 3 key levels that SPY could bounce off of, but 376 must be held or the weekly trend will be broken and we could flush down quickly.
SPY Short (UVXY: a crash or just a pullback? )If you look at the chart i posted earlier. Well here's your breakout :(
I took a lotto 6/18 50c @ 1.00 and sold for @ 3.50 just now. Lets see where the market goes from here. Be patient and ride the trend!
SPY ONE MORE PUSH BEFORE CORRECTION?SEE CHART - I THINK WE SEE ONE MORE PUSH UP TO 390-393 AREA BEFORE SEEING A REAL CORRECTION INTO THE 350-360 RANGE. AFTER CORRECTION, THE BULLS WILL BE BACK!
FRSXif you want to buy the dip, make sure to buy at 7.00, do not risky to 6.5 (maybe add if it reaches this level).
it is 1 hour chart, so it is just this week's expectation.
this is the dip if it goes high. if it goes don't, it is just gonna keep going down.
make sure to use stop loss, and buy before it breaks out... this is a continuation pattern, and we have already seen 2 of them in this stock.
happy trading, and stay safe
Low Risk Weekly SPY Credit Spread I'm looking to enter $357 SPY spreads and holding till DOE on the 22nd. I'm aiming to collect 5-6 credits per-contract with a goal to grow capital invested by a minimum of 5% for the week.
-With the SPY trading at roughly $375, we would need a -4.8% move to the downside for the week for the price to come down into the range of our strick.
-Price is trading above the 50 and 200 day SMA
-$357 is below the 50 day SMA.
-Strike is in the zone on .382 fib retracement zone for 52 weeks high and low.
-In the zone of support on 4h chart.
-91%-93% of OTM if held to DOE.
Let me know what you think. Have a nice day.
$SPY - END OF BULL RUN? FIRST TARGET $324 $SPXPumping of dollar into the market is done and right now THE MARKET IS INSANE and TIP OF ICEBERG.
This time, it is beyond 2008 crash where the market has to correct more than 70% by end of 2021 - 2022.
After the major dip $324, market will bounce back near to ALL TIME HIGH where the newbies, investors, traders etc will try to catch the falling knife where the market enters into COMPLACENCY phase and then market takes a DEEP CUT.
There are a lot of reasons for this MAJOR & DEEP correction.
Good Luck.
TWTR 54: Top PIck 2021, Strong CMF/Volumes, Use Pullback as BUYFully anticipate a meaningful correction in Jan with profit-taking from new IPOs and mega gains from fluffy stocks. Has SPY Put Butterfly as a hedge (see the previous chart).
I would be excited to see TWTR pullback as buying levels, 52, 50, then 48, a strong 50 MA support (MACD is titling negative).
I have a core TWTR position, I keep selling a bit of 1ATR OTM calls to get some coffee money. Then I would sell puts on a pullback and be buying stocks too.
TWTR has a strong LT trend and stocks have been consistently being bought on dips. Its business model is improving, 2021 would be the TWTR year.
A $100 target is very probable. Good luck everyone and Happy Trading!
Note: I am new to Technical Analysis, I welcome everyone to point out my "mistakes" So I can improve my charting skills. Thank you.
I've never been anything but a bull.. but i think time is upThis is my first time charting UVXY, not saying i'm freaking out but i'll look at this chart every single day now bc its scary..
Copy the chart and look at smaller timeframes
$SPY/$TLT Clear Indications of a bullish market!New Highs for SPY, big sell of on TLT (bond yields increase)
DCJ
Very important level and market is holdingMarket broke out last week and they tried to bring it down below support this morning but market appears to be holding this area. Depending on how we close, we can rally higher from here
Maybe $SPY hits 398 before it drops5-3-7-8-8-4-4-1-1-3-1-3-2-//3//-3-2-6-3-4-7-5-6-3-5-4...
TD Sequentials at Pivot Point Reversals 9 9, Wave count
Two more Steps then drops, possible stronger mutations of Covid second wave...
