Still looks good on daily, currently trying to rise. I think there's a decent chance to see another with onto 3150 red zone this week (or even coming days). Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
Nothing to see here. Still bearish.
here in spy it looks bullish in 1 hr timeframe so long position recommended.. logics for long position.. 1.200ma dynamic support.. 2.stocastic is oversold 3.respecting trendline... always trade with stoploss.... thankyou...
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...
SPY bounce is imminent. Per chart it's been trading with 'SROC' Rate of change. Notice the red ROC turning up to green. It always spiked up after these kind of dips. LONG here
Some description: A) A break below is a short term sell signal targeting 3032/30 - 3025, perhaps as far as 3015. The first resistance is at 3100but shorts need stops above 3120. B) A break above the 3156 high this week targets 3160 and 3185, perhaps as far as 3200. Good luck trading!
SPY is following a similar symmetrical inverse pattern that it during the recovery of the Q4 2018 crash, then the subsequent drop. It seems SPY is ready to tear to the upside $30-$40 in the next week or so before a subsequent drop and potential reversal back down.
Look, I am no economist, but the QQQ flirting with all time highs same as the S&P with a downward series of highs for second peak.. Plus, with news articles (and jim cramer) screaming BUY BUY BUY that is a bubble to me and do not get caught with your pants down in the next big drop. Yes, I am overall bearish but would prefer to be bullish. Nobody has successfully...
I'm going long with some SPY stock. I feel we reached a dip bottom here. Per pattern we should swing up heavy soon
Yesterday was a very interesting day. We got a massive impulsive candle that took price to a very key level with several stars aligning: - Psychological level of 3000 - Cross of both EMA50 and EMA 200 on the daily - Previous clear resistance (now turned support) that had not been revisited yet in this rally - Touch of a very clear lower trend line of a channel...
💥💥The S&P 500 looks like it could be looking at a little downside as the market figures out what it thinks of the very impactful FED speech. Do we rally here as the market focuses on stimulus and low interest rates for years to come? Or, does the market panic a little over the unemployment rate. Both moves are valid, but we think whatever panicking being done is...
No stopping this, I expect Mini getting close to All time highs.. indicators are strong and very trendy and respecting channel. Buy the dips as usual
The top on the SPY is ALMOST near while most are shorting it at these levels. Seems like a gap fill (325.85-332.58) indicated on chart will occur before any reversal. Also the time frame could be between the 9th of June and 16th.
Guess with all the new bears from the Riot news, we now know this market is trading in a pretty much constant bullish channel. 3 tril more expected to get injected. I expect this to keep going up
breaking through the resistance level 3058$
Even with the bearish news of US Riots. Market continues up, this is trying to make money off the short term. I also expect it to go up due to the influx of shorters. Psychology 101 More money to be made going long