Bear flag ? We will wait for a break down to confirm it Possible target of the bear flag is under 2100 (New lows)
1500 was a strong double top, we fall -55% from there in the past We are going there, and V bottom could happen Be fast, you have only one shot
I will update this idea. This could be part of a bigger ABC correction. If this is a big ABC correction this could get very ugly.
SPY Appears to me people are stepping in or Robots buying the big dip. People are recovering quickly even without meds, only really effects the elderly. But economically doesn't make sense to go back to all time highs yet what about China not being at work for at least a month it has effected all sorts of industries, but worry about that next quarter i...
VIX looks like its chopping around with nothing exciting happening until it breaks 54.3 or 55.7 for confirmation for spy to head lower.
Over the weekend it looks like the virus has gotten worse within the US. The may lead to more downside this week. We are currently in a correction zone but below $271.2 we are in recession territory or 20% down from our previous highs. I think that $286 and $281 will be hard resistance to break through to go lower. I am going to long puts on SPY but also hedging...
The SPDR S&P 500 trust is an exchange-traded fund which trades on the NYSE Arca under the symbol (NYSE Arca: SPY). SPDR is an acronym for the Standard & Poor’s Depositary Receipts, the former name of the ETF. It is designed to track the S&P 500 stock market index. Trading SPY ETF is like trading S&P 500 #ES futures and e-minim futures, their moves are very...
Hello Traders! Today’s update will be on SPY, a big gap down with immense selling pressure coming in from a technical standpoint. An oversold bounce will be imminent due to overextended oscillators Points to consider, - Key Moving Averages broken - Local support at .50 Fibonacci - RSI oversold - Stochastics in lower regions - Volume Climax nodes SPY...
TICKER:$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...
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...
SPY has had a few dips in the past, all however have led to the continuation of a bull run, recently price has dipped, price will most likely continue trading against the 1 fib line for some time before the next dip. Green fractal indicates continuation of this trend.
IF SPX goes above 3160. This count is invalidated. Red box means shorting box.
By 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...
insane bull flag created no idea why so many bears with the bla bla of a drop chart indicated buls in control daily rsi crossing and now rettesting the support this it 294 293 support bounce need to happen from here if no change to go under 290 area a break into 302 or 299 will indicated that spy will go for new highs
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...
Market open will select the trend direction, just follow it. Long or Short SPY after market open 30 minutes.
From the indicator, it seems tomorrow SPY will be UP
4H chart, it is 2nd sell signal & 3rd signal sell at the same time