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Spy500

S&P still bullish but first warning signs The last week kicked off with bears challenging the previous week's low (505), coming close to success. Bulls stepped in, mounting a strong defense and steering prices back to a historical high. It might have been a convincing victory if only they could have sustained it until Friday's closure, but that didn't materialize. Friday concluded on a bearish note, closing even below the previous week's end (512,85). This signal alone isn't enough to confirm a trend reversal thesis but from now we should now keep a closer eye out for any emerging bearish signs. The outlook for the next week is mildly bullish. Long term Buyers should refrain from increasing position and maybe consider (partial) profit taking. Day traders can explore opportunities on both sides within the range of the previous week with some preference to LONGs Stay alert for potential volatility on Tuesday as PMI data is scheduled for release. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPY
by hermes_trisme
SPX has formed an island reversal patternYesterday, the SPX formed an opening gap and erased some of its recent gains, which was accompanied by nearly a 10% jump in the VIX. What is particularly interesting about this is the formation of the island reversal pattern on the daily chart. The formation of this topping pattern and simultaneous rise in the VIX after a period of strong gains in the U.S. equity markets alerts us. However, calling the market top and subsequent breakdown would be too premature. To support a thesis about a trend reversal, we would like to see a further fall in the RSI, MACD, and Stochastic on the daily chart and a continuation of the rise in the VIX. Contrarily, to support a case for bullish continuation, we would like to see a breakdown in the VIX (ideally below the lower trendline shown in Illustration 1.02) and mentioned technicals reverse back to the upside. Illustration 1.01 The image above shows the island reversal pattern on the SPX’s daily chart. Yellow arrows indicate opening gaps and the island. Illustration 1.02 Illustration 1.02 displays the daily chart of VIX, which bounced off the lower trendline. Technical analysis gauge Daily time frame = Bullish (losing momentum) Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPXShort
by Tradersweekly
6
RSI sell signal is now been given ! in the spy As of today I now have a RSI sell Can we pop yes will we maybe is it worth not being in a put position No . based on all rates of change and the Hindenburg sell and 20 day put/call . At most is that last pop to 5131 I talked about or the QQQ reaching 444.1 As the post last week from the 421 area I said we should see 440 and Maybe 444.1 . The clock is running out we are now setting up The first real decline since the top in july 27th 2023 . In my models and my work it is now moved A bearish PHASE . BEST of TRADES WAVETIMER !
AMEX:SPY
by wavetimer
1
The LAST WAVE UP ????? 5071 /5091 MAYBEI covered all puts as the vix printed the high this morning and have taken a small 25% net long on the view that this morning low was a minor wave 4 within the 5th wave diagonal . the dow came within 25 points of the min the target was 38950 to as high as 39200 focus on 39100 . today drop is the first of the cracks in the bubble phase . 10 20 and 5 day put/call are ringing of a major top and now have a new Hindenburg sell forming. . Best of trades WAVETIMER
AMEX:SPY
by wavetimer
$SPY All Time Closing HighAMEX:SPY All Time Closing High Proprietary AlgoTradeAlert Momentum Indicator For Daily Chart, A momentum indicator is a technical analysis tool used to measure the speed or strength of price movements in a financial market. It helps traders identify the strength of a trend by comparing current prices to historical prices over a specific time period. Momentum indicators are often displayed as oscillators or lines on a chart, providing visual cues about whether a trend is gaining or losing momentum. Common examples of momentum indicators include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic Oscillator. Traders use these indicators to make informed decisions about buying, selling, or holding assets based on the strength of the market trend.
AMEX:SPY
by AlgoTradeAlert
A low volatility tends to precede high volatilityThe major U.S. stock market indices are trading in the negative territory ahead of the release of inflation data and the Consumer Price Index (CPI). A hotter-than-expected print is likely to produce a pop in volatility and convince central bankers in Washington to keep monetary conditions tight during the upcoming meeting in March. Consequently, we pay close attention to the VIX index, which has been testing the resistance at $14.49 since the start of the year. In addition to that, we watch a concerning relationship between the declining volume and the increasing price. Illustration 1.01 The image above shows a concerning relationship between the rising price and the declining volume. Illustration 1.02 Illustration 1.02 displays the daily graph of the VIX. The yellow arrow indicates yesterday’s opening gap. One notable thing about the VIX is that it has been trading below $15.50 for 92 trading sessions. To find a similar low-volatility period, one would have to go back to late 2017/early 2018 (shortly before the massive spike in volatility and market selloff). Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPX
by Tradersweekly
3
"SPY Peaks: Signs Point to Market Reaching Pinnacle"SPY ETF Approaching Critical Resistance Amid Bearish Signals The SPDR S&P 500 ETF Trust (SPY) has been a focal point for investors seeking exposure to the broader equity market. However, recent indicators suggest a potential shift in sentiment as the ETF nears significant resistance levels, hinting at a looming bearish turn. As of late, SPY has been on a notable uptrend, consistently climbing towards one-year high resistance levels. This trajectory has garnered attention from investors eyeing the possibility of continued gains. Yet, caution flags are waving as the ETF approaches the $500 to $520 range, projected to materialize by March or April of 2024. Market analysts and technicians are closely monitoring this critical juncture, as historical data indicates a propensity for price rejection and subsequent correction around such resistance zones. While past performance is not indicative of future results, the confluence of technical factors underscores the significance of this price range. One factor contributing to the bearish sentiment is the overextension of the current rally. With the market experiencing an extended period of growth, there is growing concern about unsustainable valuations and the potential for a market pullback. Additionally, macroeconomic uncertainties, including inflationary pressures and geopolitical tensions, further amplify the apprehension among investors. Moreover, sentiment indicators such as the fear and greed index are signaling heightened investor optimism, often considered a contrarian indicator suggesting potential market reversals. As greed eclipses fear, complacency may set in, leaving the market vulnerable to downside risks. Investor psychology plays a crucial role in market dynamics, particularly during pivotal moments such as approaching resistance levels. The psychological barrier of reaching a milestone price range can trigger profit-taking among investors, leading to selling pressure and downward price momentum. Institutional investors, who often have the firepower to influence market movements, may also opt to rebalance their portfolios in anticipation of market headwinds. As such, increased selling activity from institutional players could exacerbate the downward pressure on SPY and the broader market indices. While the outlook remains uncertain, prudent investors are advised to exercise caution and closely monitor developments in the coming weeks. Key technical levels and market indicators will offer valuable insights into the potential direction of SPY and the broader market. In conclusion, as the SPY ETF approaches critical resistance levels amidst bearish signals, investors brace for a possible shift in market sentiment. With the $500 to $520 range looming ahead, caution is warranted as historical precedents and technical indicators point to the potential for a corrective phase. Vigilance and adaptability will be essential for navigating the evolving market landscape in the months ahead.
PYTH:SPYShort
by UnknownUnicorn2319099
1