Get started

Spy500

New all-time highs on the way / a Recap of the last 2 monthsToday we will speak about the Huge corrective structure that has been broken on US500 a) After all-time highs of September 2020, we had two months of sideways movement and the presidential election in the middle of all that. Then, Pfizer came saying "we have the vaccine" and a new all-time Highs came. b) After that, we saw a new corrective movement, with more vaccine news, Moderna and AstraZeneca. c) The trigger that broke the white pennant was Donald Trump accepting to start cooperating with the incoming government. d) Now we have a small corrective structure (yellow pattern) and from a technical perspective, we think we will keep observing bullish behavior towards our Short-Term target at 3725 e) This movement on the Index is also being backed by sell-off on GOLD (as a safe haven asset) and optimism on the Crude oil market as well
ULong
by ThinkingAntsOk
Interesting theory on SPY: possible ST short?Bear case (just a theory): If we take a look at time and space on this daily chart, 25 bars (35 days) for the trough-peak-trough before the election. If we take the FDA talk on the vaccine for the same whatever reason, I believe there is a possible downside of ~9% until Dec 9th, a trough-peak-trough total of 29 bars (36 days). - Yellow trend line act as support. - Volume has been a downtrend. - The two overheard white trendlines represent a strong resistance on the daily and weekly charts. (candles move easier towards less resistance direction) - Technically only tested bottom support twice (red shadow or yellow trendline), possibly the third time? - Small rsi divergence on weekly. Bull case: Priced in. Spy looking to break overheard trendlines or move closely with it. - Tested the overhead trendlines three times with the last retest completed, possibly going higher. (green arrow) - Options pricing in more downward risks but not so much upside risk. (this is normal due to the nature of hedging) pasteboard.co - For educational purpose: www.tastytrade.com - Some of the macros: 10yr yield steady uptrend, low vix, gold downtrend, dollar going for new low since march. Just a theory, will keep my longs on, may just short with an option contract or two to defend downside risk.
CME_MINI:ES1!Short
by dannycc24
SPY - S&P500Just as feared, SPY did not break the resistance. Will need a bigger push to break that resistance. Back to 351 - 352 range tomorrow @EMA55. 1.2 billion was out from the market later in the afternoon today which made SPY go down. Since cases are rising and lock downs are initiating by some states, it is unlikely that onshore and offshore investors will invest, infact they will be taking their profits out given with all the uncertainty. Afterhours is red @8:05PM CST Please do your own Due Diligence!
AMEX:SPY
by mrrobobot
RSI and Trend line indicate a pull back imminently RSI is starting to fall after hitting overbought level and while vaccines signals a change in fundamental and returning back to normalcy will happen, SPY is actually 10% up year to year and has little upside to continue. As Covid cases rise and soft lock down happen across the country, the better play will be short the next 2 weeks or until SPY find supports possibly at 340 level. Full disclosure, I bought puts right at the end of today's closing bell when SPY reach 362.
AMEX:SPYShort
by xtoanvangx
2
Potential Market Top, Biggest Correction of a GenerationAfter looking at the macro conditions and the current Elliott Wave count, I believe these is a huge risk of downside coming. Cases for market top: • Elliott Wave count, with perfect ET triangle in Wave 4 marking the start of Wave 5 • 1.0 Wave 1 extension to project Wave 5 end • Market Euphoria, large participation by retail • Blow off tops in tech stocks and others • Some traditionals have already corrected 80-90%, others look to be flagging • US 2 year bond and US 10 year bond show we still have a long way to go to reach recovery • We're at zero interest rates and negative interests rates in many markets around the world - all late cycle behavior • Debt has only been increasing over the last few decades Where we go from here: • We could go higher and see a larger blow off top or reverse here from this current projection • We will be correcting price behavior over the greater part of the last century • A lot of the projections and studies look at the 2000, 2008, 2018 crash as distinct events. In fact, these crashes are linked. The correction we're seeing is not just correcting the last 10 years of a bull market, but everything since 1930s. The duration may take more than 36 months
TVC:SPXShort
by targetsir
5
$DG- I love this long, but is now the right time?$DG has generated alot of cash for me and for options contract buyers its a great long exp buy. Obviously Equity buyers included in this. Right now we are sitting at a major resistance , and if we break my first PT would be $225.35. After that we are working through ATMs but thats how stocks work at ATM. you never know. One thing to watch is $SPY . $DG moves along side $SPY and if we break to the downside I will be watching for a divergence from SPY to see If the pullback is real or not. If DG hovers while SPY dumps then when the market bounces it should present a nice buying opportunity. I will be signaling these in our group this week, and hopefully posting some more videos on these tickers in particular. So right now I am hoping for a gap up, over resistance and then a retest to send us on our way. ATM highs can be scary, but if the volume is higher then we could see a nice push! Thanks for listening!
NYSE:DGLong
by SimpleStacks
SPY500/Emini/ES : Daily schematic of liquidity & trapped tradersThere are a whole bunch of trapped traders on both sides of price for SPY500 / Emini futures / ES1! which will want to exit, giving us a trade in opposite direction (yellow zones) Beware of the engineered liquidity zones - which are almost like a candy land for big institutions - where orders are just sitting to be taken! Those zones WILL BE poked poked! (green zones) Good luck & good trading for the election week! Please note : the zones shown here are for reference purpose only. Actual buy & sell zones should be fine tuned with a lower timeframe reference & more detailed analysis.
CME_MINI:ES1!
by makuchaku
6
How we will develop long setups on US500Today, we will show you our trading plan for US500 A) The price is inside a corrective structure (purple line). From a technical perspective, this can be considered a continuation pattern (flag pattern) B) A key level to develop long setups is the breakout of the purple trendline. That would provide us evidence that the bullish movement is about to start C) However, we will not trade the breakout directly. We will wait for a minor correction on the 30 minutes chart on the yellow circle D) We have two possible paths for the bullish movement expressed on the two green arrows E) Never forget that this is a trading plan for a bullish scenario. If the situation we are expecting does not happen, we will keep our money on the sideline.
U
by ThinkingAntsOk