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Spy500

4 Ideas on Where the Bulltrap Ends (Updated 4/13/20)The current bull trap pattern remains bullish, and today's small pullback allows for a run-up tomorrow to the 284-285 range, where there is an important pivot / resistance. Any trend reversal here would help form a double top pattern, similar to the one that had formed around 263 on March 31. From here, I'm expecting a bigger pullback here back to the 0.5 fib line and the bullish trend line. This is the first opportunity to breakdown the bull trap, but I believe it's more likely we see a bounce here and a bullish continuation towards the next fib line (.786) at 293. Any pullback from the .786 fib line has a must better chance of breaking down the bullish trend line. Good opportunities to swing trade in the near term and enter short positions towards the end of the bull trap.
AMEX:SPYShort
by MisterBurkes
1
$SPY will plummet 60% in 1 yearWith every devastation this country faces there is always a high rate of plummet within the markets. There were bull rallies within those plummets, but it still happened. BUT WHAT YOU HAVE TO REMEMBER, THE MAIN VICTIM IN THE LAST 2 DISASTERS WAS USA. No one is coming to terms that its not just the US economy that has been shut down, BUT THE WHOLE WORLD. You will see a faster plummet this year, within a year I expect. Again, remember, the whole world economy has been shutdown practically. (And for anyone who is expecting a "V" rally, no where in history have we recovered so quickly, and we wont this time. "History might not repeat, but patterns do." -Felix T. The cause may be different, but the results will ultimately be the similar) But lets focus on the US. *More than 16 million people are unemployed, and even if we turned around today an opened the economy, those 16 million would not be hired right away. Remember, business lost revenue, and they will not higher employees while they have lost revenue. It will take months if not years to recover those employment numbers. Retail companies were already struggling before Covid-19, and now with everyone on lock-down, the new digital era will simply erase many from our minds. Bulls will argue that the Fed's stimulus will hold over the economy, but that thinking is simply naive, childish, and greedy. US CEOs see there business cutting employees, wages, and expecting major cash-flow issues. Confidence level amid the majority of CEOs has sharply declined to levels not seen since the Great Depression, and no one would argue that given the decline in the view about the current state of the economy. This statement has never rang more true, "Be FEARFUL when others are GREEDY, and GREEDY when others are FEARFUL." Let's be honest, all we are seeing here in this current rally is GREED, not HOPE. I see this current rally hitting only increasing to around 2900, before we decline sharp again. And the OPEC deal that was completed today wont be enough to save this Bull rally. Like and share, feel free to comment!
TVC:SPXShort
by russkishurik
11
4 Ideas on Where the Bulltrap EndsToday we had another rejection off the 275 area, just shy of the 0.618 fib retracement level, and a potential double top pattern is now forming here. However, given that the previous double top pattern at 263 led to a bullish continuation pattern, I could potentially see the 0.618 fib being broken after a run-up from the lower trend line support. This would extend the bull trap, shaking off even more shorts, bring us up to the 0.768 fib retracement level. This area is a key area for a sell-off and trend reversal.
AMEX:SPYShort
by MisterBurkes
2
SPDR S&P 500 SPY imbalanceThe SPDR S&P 500 trust is an exchange-traded fund which trades on the NYSE Arca under the symbol (NYSE Arca: SPY). SPDR is an acronym for the Standard & Poor’s Depositary Receipts, the former name of the ETF. It is designed to track the S&P 500 stock market index. Trading SPY ETF is like trading S&P 500 #ES futures and e-minim futures, their moves are very similar. When we look SPY ETF at the monthly timeframe we can see that price has finally reached the monthly demand imbalance at #1 we were waiting for and has started to react to it. If you are not paying attention to the bigger timeframes you will be missing structure and location of these imbalances. These strong imbalances can provide us with many trading opportunities, assuming that you are even aware of these bigger timeframe imbalances. The major US indexes have correctly strongly last February 2020, but that does not mean that we should be thinking of going shorts right now. You are probably looking at smaller timeframes like M15, the hourly timeframe, even H4 and Daily timeframes. Everything is red! Does that mean you can go short? Well, look at #SPY strong monthly imbalance and try to come up with the answer yourself.
AMEX:SPYLong
by AlfonsoMoreno
2
S&P 500 Gap Down Open? | Oversold Bounce Imminent!Hello Traders! Today’s update will be on SPY, a big gap down with immense selling pressure coming in from a technical standpoint. An oversold bounce will be imminent due to overextended oscillators Points to consider, - Key Moving Averages broken - Local support at .50 Fibonacci - RSI oversold - Stochastics in lower regions - Volume Climax nodes SPY broken all moving averages with this impulse move down, clear increase in selling pressure as bulls fail to make a higher low, confirming the bearish divergence. Local support is situated at the .510 Fibonacci; a gap down open will target .618 as next critical support. The RSI is clearly oversold, indication of over extension, increasing the probability of an oversold bounce. Stochastics is currently in the lower regions, can stay trading here for an extended period of time, however lots of stored momentum to the upside. SPY has clear volume climax nodes, signalling seller exhaustion, another indication of a probable oversold bounce. Overall, in my opinion, a gap down open will increase the probability of testing the .618 Fibonacci, oscillators by then will be well overextended, putting much more emphasis on a bounce. What are your thoughts? Please leave a like and comment, And remember, “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.” ― yvan Byeajee
AMEX:SPY
by AzizKhanZamani
2
IMPORTANT WEEK! MARKET VOLATILITY EXPECTED!TICKER:$SPY We closed friday with a big red day; Largest red day since October 1st of 2019. This is due to the financial sector (XLF) topping out at the all time high. Next week is a very important week for the market. FOMC is on Wednesday in addition to tech earnings ($AAPL, $AMZN, $FB, $MSFT, etc...). I expect high volatility this coming week and depending on this week, the market will either consolidate or continue to reach all time highs. Regardless if its bulls or bears, I am looking to go aggressive this coming week. If XLF continue to dump with spy breaking the low of friday (327.36), I will play TVIX. However, bulls still have complete control on the daily and weekly time frame. Anything above 320.15 is just a daily HL.
AMEX:SPY
by DerekTradeEZ
#SPY $SPX500 #SP500 catching the Top, any Bears alive?Hello My fellow Bears, so before I share my thoughts I want to just tell you that shorting the SP500 was not a good Idea. Major Uptrend Longest Bullrun in History, Fed pumping liquidity , Stock Majors Buyback Excess and Trump Tweets. And by the way the Oval Office released a note that there will be a 11 am EST an Pressmeeting - just right about the overnight time when Major Index began showing some Weakness - Coincidence or do we see a new "Stockrocket All Time high" Tweet by Trump Today? I was able to get my Short Position on the SP500 right after the Overnight Break, with a very tight Stop Loss just to be protected against any irrational Market Move caused by some Tweet. My Key Area was the SP500 Trading around 3330 and how it will behave around there. So what is the Pirce doing on 4H timeframe Still Above 50 EMA Still above 200 EMA 4H Stochastic pointing down lower high on the RSI while price is making higher highs Targets 50 EMA (green)(if it Holds the price this will probably move again up) 100 EMA (purple) 200 EMA (red) this is my First Major Target if this Short plays out (Probably i am going to close the half Position there, it all depends how we would or could arrive there, if we overshoot with this Pullback I would set my Stoploss into a Take Profit right Above the 200 SMA and let it run. Target Area Explanation If the SP500 would Pull Back from 3330 Area it would target next Support Zones and would be still in a Major Uptrend. 0.236 Fib Retracement vicinity 200 EMA and 200 SMA on the 4H Timeframe for Support lower Rising Trendline from the rising Channel for Support Market could retest the 3200 Area were we had some Volatility at the Start of January. So if you are holding a Short or having thoughts about opening one, just be prepared to watch these key Levels. Happy Bull-Hunting and Trade Safe.
FOREXCOM:SPX500Short
by koboltrading
1
SP500 - 3045 followed by retraceBy looking at the weekly and applying a Fibonacci measured from the pre-2008 crash into the 2009 low, we can create future price targets. Isn't math neat? ;) You can see the 1.618 level held as strong resistance before finally breaking through upon Trump's sweeping electoral victory. The next target is 2.618 or roughly 3040. Indicators are bullish and prices are already at all time highs but not quite to 3k. More room to run. We could see a slow melt up to 3000 before pulling back.
AMEX:SPYLong
by jdharward
1
acb drop is over?spy been dripping the marked and dropping all the stocks with him now spy is at 293 in a ossible bull flag a major move from here will make all the market fly the mj cannabis etf is also at atl again about to bounce agressive in any time most indicator show exhasted drop may be it the big pump lets seee was expecting bounce at 5 or 4,80 but looks like 4,60 4 coe to play in the table the level where bounces of 100% 120 % been hapening few times lets see
ALong
by Leocryptowizard
2