Get started

Spy500

! Key factor being disregarded during stock rally - The DXYToday is the 30/7/2020. The S&P500 dropped even though the dollar index got slaughtered. If you weren't aware, the S&P500 show it's price in US Dollars . What does this mean? It means that when the dollar weakens, stocks should go up and the inverse for the opposite scenario. However, seeing the dollar getting weakened AND stocks dropping is very bad. This means that although the dollar got demolished, stocks STILL dropped . As soon as the dollar stops the downwards decline we will see a strong drop, perhaps even a second (smaller) leg down for stocks.
TVC:DXY
by m255683349
SPY fake sell off todayIf you look at the MACD from previous periods it looks like, comparing to previous MACD bull runs, we are just getting started. Todays sell of was definitely one to scare off the bulls but we are hitting resistance and going to recover if you look at the 4 hour MACD we are barely going to flip the MACD to bullish and the AO indicator is already showing signs of bullish movement Plus we still have to close the gap made right before the drop of Feb 19 around the $330 area IF there is a real sell off it might be when we hit the $330 level soon or around August doesnt seem like we are going down any further Bullish until Q3 and possible $400 SPY by EOY
AMEX:SPYLong
by mandujanotony31
6
SPY - TD Sequential Hinting Potential ReversalUsing the TD Sequential strategy, there's currently a TD 9 (sell) on 1h, TD 13 (sell) on 4h, and TD 13 (sell) on 1D chart. Not to mention, the gap has been filled and a hanging man candle is present on the 1W chart. I have set a stop loss at $319, because a high volume breakout through the recent high at $318.50 would mean that it is no longer a potential double top in the making and would indicate further weakness in bears.
AMEX:SPYShort
by ErnestEA
SPY 320 by Tomorrow July 8th?With the FED repo schedule and the continual bullish nature of this market can SPY ETF reach 320 by EOD tomorrow July 8th? Let me know in the comments what you think and tweet at me on twitter @thekungfunerd . My play this week was puts yesterday for a quick 100% return and now I'm holding 0 day 320 SPY calls expiring tomorrow. I have no regrets and im not worried either way. I also wouldn't be surprised to see SPY hit 320 by close today / open tomorrow. Cheers and Go Make Money
AMEX:SPY
by Kungfunerd
3
S&P 500 E-mini Futures (ES1!) Price for the futures has been consolidating above the previous high, from the current fall we experienced after the very tall COVID-19 rebound. A much needed pullback was needed considering we came off the bottom of March extremely fast. We are still in an overall uptrend, confirming that with price not falling below the $300 level with the pullback and staying above, with a fake-out towards the end of the fall. Overall a uptrend is still intact, this simply could mean a dip. Staying above the previous high with current fundamentals in tact; NY started phase 1 reopening, China said it would start to be the biggest buying in soybeans again (Trade Deal), higher consumer sentiment and spending gradually increasing along with jobs slowly coming back is all progress forward. The jobs number won't immediately go back to where they were quickly, that major factor has been priced into the market. I believe all funds and major players are aware they wont come back as fast but doesn't mean we aren't making positive growth. Currently the dollar is getting extremely hurt from this but is inversely related to the growth of the S&P. A ton of money was being pumped into the economy all over the world mostly in USD or debt that was formed to USD. The Euro of course has followed the exact path of the market and has been booming. All countries invest between each other within their respected Treasuries. Seeing the central banks are inside the Treasury, makes sense the banks are then in control of investments coming into the country and vice versa as we invest in other countries through bond offerings.
CME_MINI:ES1!Long
by hunnndini
S&P500 Double Top - Descending TriangleLook, I am no economist, but the QQQ flirting with all time highs same as the S&P with a downward series of highs for second peak.. Plus, with news articles (and jim cramer) screaming BUY BUY BUY that is a bubble to me and do not get caught with your pants down in the next big drop. Yes, I am overall bearish but would prefer to be bullish. Nobody has successfully made the case why we should be bullish for the next 6 months. Short term, the economy is in bad shape. Posting retail numbers that are "not as bad as we thought" are still ignoring how bad they actually are! The fed pumping can only do so much to keep asset prices inflated. This time folks, we have painted ourselves into a corner. Continued gains in indexes will be met with serious selling resistance.
AMEX:SPYShort
by Gains4151