Spy500
My Take On "SPY" for 02.08.2021 Hay All Traders,
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
Day Chart is being used for this post!
It looks like a good start to the week on the SP500 index. I have just made a "New indicator" that does use the Relative Strength Index (RSI) and plots 3 Simple Moving Average (SMA)s with it.
From what I'm seeing, the price is hitting the top of Bollinger Bands (BB), and the price has come down from the top of it many, many times since December 2020. But it has not been stat under the middle BB for a long time. So the price may move back down, but with the RSI is over the SMAs, this may be a small pullback, and the angle pointing up may help push it higher in days and weeks to come.
I would love to hear what you think about this post!
Happy trading, and thanks for reading.
$TVIXFInverse ETFs of $SPY
VelocityShares Daily 2x VIX Short-Term ETNThe investment seeks to replicate, net of expenses, the returns of twice (2x) the daily performance of the S&P 500 VIX Short-Term Futures index. The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The ETNs are linked to a multiple (2x) of the daily return of the index and do not represent an investment in the VIX.
The Big Short (SPY/ES)DONT TIME THE TOP! I post these charts as a warning to be catious, i barely trade puts bc we are in a rally and i will enjoy and make money every day of it with all these great opportunities instead of getting killed by going against a trend.
However, this is my big short plan, i'll be adding into this position with the first sign of a big rejection as a confirmation, expecting this anywhere between now, 388-390 and 395 at the very max. Happy trading :)!
E-Mini S&P 500 2/2 Evening UpdateMuch like nas, we have approached the top of the channel and indicators are also pointing to overbought. Mainly looking for consolidation and movement back down to the lower boundary of the channel for tomorrow, but also am wary of a push further up before we move back down, based on multiple crushed earnings and positive guidance from sp500 components, which could propel price up a bit higher.
Long
If we approach the highs of the break formed last week will look into an entry
Short
Looking for consolidation and a break of key levels - mainly 3800
$SPY Rising Wedge Reversal? Pullback in a Fed Backed Market?Video breakdown going into the first week of February!
$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.
