$SPY 1D If you zoom out to 1D on $SPY you'll see that price formed a doji aka. indecision candle and generally is an early sign of a potential reversal. Remain cautious!
Spyanalysis
SPY Channel Analysis with Levels (Week in Review)Last week, we provided a SPY Channel/Trend Analysis for the upcoming week. This weekend, we will break the week down into 2 segments: 1) the move to challenge the upper channel & 2) the $SPY channel/trendline break.
In doing this, we will keep the 2 basic Channels/Trendlines on the chart, and overlay them with our Intraday Levels from our algo. This provides a greater perspective into how our preparedness meets the market throughout the week and why our confidence and expectancy in trading are so high.
First, we have color-coded our INTRADAY LEVELS for speed in determining direction and postioning. This is our "Legend" if you will:
GREEN/RED Lines are BUY/SELL Triggers
WHITE Lines are SUPPLY/DEMAND (These are KEY R1/S1 levels with more significance than I will go into here)
GRAY Lines are Support/Resistance (R2-R5/S2-S5)
ORANGE Lines are BUY Targets (R1 goes to T1 / R2 to T2 / R3 to T3, etc...)
PURPLE Lines are SELL Targets (S1 goes to T1 / S2 to T2 / S3 to T3, etc...)
SPY INTRADAY- MON & TUES in Review
MON- GAP Open and retreated back to the GREEN BUY TRIGGER, then hit WHITE SUPPLY (R1) & ORANGE LINE (TGT1) upside; $SPY was unable to push much over Gray Line (R2), but remained POSITIVE for the day
TUES- GAP Down, SPY hit S4/T4 on Tues at 1045am, and put in a bottom...rallied all the way back up to WHITE DEMAND (S1) level and finish POSITIVE for the day
SPY Channel Week in ReviewJust a follow up/review from last weekend's analysis on $SPY and a big part of our success is having a plan & knowing what to expect before it happens.
Just from the 2 basic Channels (using simple trendlines), you can see SPY was GREEN all 5 days last week. Spy hit the Intermediate Trendline last Friday (5/20) and bounced off there for an expected return to the upper (Minor) level...SPY closed above the descending channel on Wed, following the release of FOMC minutes. From there, we had Targets (white dotted lines) drawn at 405 / 411 / 415.15 / & 420.9. Thursday & Friday achieved the first 3 and these levels were simply drawn from previous key lows. Our next chart idea will actually overlay just 1 of our algo's data on the intraday SPY chart and show you how simple yet powerful are the levels.
$SPX PVI Volatility RangesAnother week of writing successful Credit Spreads on $SPX...almost 49% NET Returns YTD
SPY $430 by June 1Should see a continuation of this reversal pattern back up to .61 and the massive volume profile level at $430. Following that, I expect a period of consolidation to the EoM. Not trading advice.
SPY Channels in your Weekly Game Plan$SPY bottomed on FOMC week and established the immediate trend's lower channel. The bounce off the lows moved SPY to the upper channel & a continuation wedge formation (stair-stepping downward). Friday's bottom wick attacked the intermediate trend that was established near the Jan lows. We have an "impingement" upcoming in the SPY Wedge Formation this week...does the larger, intermediate channel dominate the April/May channel? If so, expect a move back over 395 and possibly a run at the 405 level which is the 20DMA & the weekly low set on May 1st. If the move up towards 395 fails, expect the intermediate channel to be re-tested (should be under 380 by then) and then continue the Wedge Formation down towards the 374 area which might spark high volume selling and take SPY under 370.
Dotted horizontal lines are key weekly lows since February and placed for your visual reference of potential Profit Taker areas.
Key SPY levels for the upcoming 2 weeks: 360/ 368 / 374 / 377 / 380 / 385.15 / 405 / 411 / 420
watching 385.27 demand level and daily linear regression channelWatching 385.27 support and bottom of the daily linear regression channel for support. If buyers don't step in at 385.27, expect a move sub $380 on $SPY next.
SPYGAMEPLAN FOR FRIDAY, MAY 20,2022
Today was just a sideways trend. If the light uptrend breaks, tomorrow's market is seeing new lows.
Keep in mind if you are an options trader, don't try to hold anything. Just scalp and swing them/ Market makers are doing their best to decrease the premium by trading the market sideways.
A break above 396 is bullish, and a break below 395 is bearish.
$SPY at a very important spot$SPY - Over 403.18 expect re-test of 410.64 daily support now turned resistance. Alternatively, Under 395.65 expect 4h 385.15 support test.
SPY Game Plan for May 13, 2022
Make sure to observe the 392.50 area as spy resistance for now. If that resistance breaks, we must wait and have patience, then go long and never chase. Overall, spy daily RSI at 30. Significant consideration note to take. But still, plenty of room to go down as RSI is calculated and first, down to 30 can be a fakeout, then 50, fall again back to 30 RSI, which means price movement will be way different and can go down far beyond imagination.
Two Scenario for tomorrow:
First one: Observe the market from 7:00 am-9:30 am EST. If we see a sell of pre-market, then for sure, on market hours, we can touch the resistance of 392.50. then back down again.
Second: If the resistance gets destroyed, wait for the cool off previous resistance to become support and go long from 392-394.
OPTIONS
Look at May 20, 2022, 380 puts if 392.50 area gets rejected and go long when resistance gets denied, then play with May 20, 2022, 405 calls.
SPY 2008 dailys vs current daily with Burry tweet bout Nadir 180Two questions I had:
how low will this go? I have no idea, so I used Burry's tweet suggestion.
how many years will it take to recover SPY to the current level? I have no idea, so stretched out the pattern based on Burry's tweet suggestion.
I still suck at charting, so don't use this. I actually thought we had one more last bounce, but looks like it's already dropping already.
For this chart:
I took a bigger picture view (curious how long it took for 2008 crash to recover to the same level as current pattern.
Biggest assumption here is using Burry's recent tweet, which said something about Nadir being 10% below the most recent market crash.'
The most recent crash was March 23 2020 (wonderful Covid lockdown times) when Spy was about 220 to 230
So 10-15% below (based on Burry's hypothesis) puts the bottom around 180.
So, I used the same bars pattern to make the very bottom at 180, and then it gave the timeframe.
Don't trade on this, it's just a hypothesis/theory, and I still am new to charting.
MAy 5,2022 SPY Game plan Yesterday's game plan went fantastic. We are officially in an uptrend (short term) minor correction of a downtrend. We can see a dip at the opening as it needs to cool off for the next leg up. Drips I'm looking at, the levels are 425.66-425.95; if this one slides, then will see 421.78- 422.56. Volume was there, and we saw a massive rally at the end of the day. Make sure you are on the right side of the market. Shorting here should be considered high risk and if you want to short, wait for the trend to break. Playing with calls tomorrow can be fun but make sure to look at the trend always. For now, we are incredibly bullish.
The Frightening Similarity between the SPY in 2008 vs 2022! 😨Hey everyone!
Almost 1:1 fractal between the crash in 2008 and today.
The scales have almost tipped. Stay ready.
Just remember, be fearful when people are greedy and be greedy when people are fearful. It seems to me that many believe that the bull run is not over. Interest rates are increasing to counter inflation. Interest rate hikes slow down the economy. We are almost there.
✌️ Seb
$SPY 500: Strong Bullish Divergence!⭐7.86 Fib Mounted as strong support confirmed by a significant amount of volume (425) This support is valid by the VPVR and Bullish Divergence on the MFI.
⭐6.18 Fib Support mounted with large volume. This support 435 is valid due to the large VPVR node + volume.
⭐446 Resistance confirmed by VPVR and selling volume + Ichimoku Cloud Resistance.
⭐453 Resistance confirmed by 2.32 Fib and large VPVR node + selling volume.
⭐For bullish price action a 3D close above 446 is needed to reclaim Ichimoku Cloud support.
⭐Strong Bullish Divergence on the MFI hints for a breakout
⭐Options Chain bullish 70k Volume + 20k Open Interest at 450 which makes it a likely target. Lower targets than this are unlikely due to the bullish options chain.
*WARNING* This thread is not financial advice. I am not a financial advisor.
S&P500 Short SignalJust set my sell limit. Price has made a new swing low and will likely pullback into the 15m order block and make a lower swing high in comparison to the previous one. We then enter there and target a newer swing low. Goodluck and have proper risk management!
SPY Short TargetI believe we will drop to atleast $400 in the coming weeks/months. Be careful as volatility is at an extreme. Goodluck everyone!
SPY Up ContinuationUsing an indicator called Parabolic Glitter
Similar points of reclamation of trendline are indicated in green rectangles
Up trend is in Orange
The parabolic glitter indicator shows the comparable drops and rises back to the trendline in both situations
SPY Update! Looking attractive here. The trend is a good friend.SPY had been on this strong up trend since the COVID plummet in March 2020. On this chart you can see how it broke the regression trend to the downside.
How low... can you go...?
Notable things to watch:
- The gap that MAY! fill at $400 that can be seen on the daily & weekly time frames.
- FOMC this week; for shits n' giggles.
- Short term outlook - on the Daily time frame the 200 sma (in red) is sitting in the $400 area where the gap MAY! fill.
- Long term outlook - on the weekly time frame you can see that the 200sma (in red) is coming up on the 61.80% ($318.17). (chart attached below)
Just ride the trend & enjoy the ride but use proper risk management. Its all about the journey & the mulah is a by product of it all.
This is not financial advice. This is to be taken as my opinion only!
SPY S&P 500 ETF W-Shaped Recovery The SPY S&P 500 ETF wend down after the huge amount of puts that i noticed last week:
Now i am considering a W-Shaped Recovery to $470 by the end of Q2.
The Ukraine invasion was price in at $410 and the interest rates will be lower than expected due to the war.
Looking forward to read your opinion about it.
SPY: Bottom at 400-405Hello traders, here is my analysis for the SPY. Looks like a WXY correction to me. There is a gap that needs to be filled at SPY 400, and I believe that we will do this. Also, at that point W=Y, so it will be a beautiful symmetrical correction. Good luck traders.
$SPYThe investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
SPY Mon Feb 14 Market Testing the lows.TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you.
Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my Day Trading of 6 years of Trading Volatile current market , examining market patterns , and interpreting of where the market is going.
TraderMan PennyPorkChop Focus incorporates - Specialized Analysis - Exchange and market Education - Pattern and Pattern Analysis - Market Psychology - and Trading Mental Health.
Day Trading , The Unified Theory that works when nothing else will , Unperilled Strategy. Beginning the Journey.
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SPY Stock Analysis - S&P 500 SPDR ETF Stock Price Prediction for Tomorrow.
February
We go over the SPY stock - S&P 500 SPDR ETF stock, and give our stock price prediction on the SPY stock, our SPY stock price analysis, and stock price forecast on SPY for tomorrow Monday February .
SPY STOCK: THIS IS A Bitcoin STOCK PRICE PREDICTION, SPY STOCK PRICE ANALYSIS, AND A SPY STOCK PRICE FORECAST VIDEO.
. My Ideal Views are looking for new ways to think about Trading.
. No BS Technical Analysis that works, period.
. Day Trading and Swing Trading.
. New Traders Welcome.
. Swing Traders Welcome.
. You get Daily SPY STOCK pre and Post Market and the Price Spy ETF price predictions Weekend editions.
. TESLA stock along with TESLA share Price including Tesla After Hours.
. Bitcoin
DISCLAIMER: No financial advice, the information on this channel is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this channel is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this channel and provided from or through this channel is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this channel without undertaking independent due diligence and consultation with a professional broker or financial advisory.
day trader,day trader rules,day trader vs swing trader,Bitcoin,Elliot
TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you.
Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my Day Trading of 6 years of Trading Volatile current market , examining market patterns , and interpreting of where the market is going.
TraderMan PennyPorkChop Focus incorporates - Specialized Analysis - Exchange and market Education - Pattern and Pattern Analysis - Market Psychology - and Trading Mental Health.
👉 If you enjoy this video, Please like and share it.
👉 Don't forget to subscribe to this channel and press the bell 🔔 for more updates.
SPY Stock Analysis - S&P 500 SPDR ETF Stock Price Prediction for Tomorrow Thursday
February 4th We go over the SPY stock - S&P 500 SPDR ETF stock, and give our stock price prediction on the SPY stock, our SPY stock price analysis, and stock price forecast on SPY for tomorrow February.
SPY STOCK: THIS IS A SPY STOCK PRICE PREDICTION, SPY STOCK PRICE ANALYSIS, AND A SPY STOCK PRICE FORECAST VIDEO.
. My Ideal Views are looking for new ways to think about Trading.
. No BS Technical Analysis that works, period.
. Day Trading and Swing Trading.
. New Traders Welcome.
.Swing Traders Welcome.
. You get Daily SPY STOCK pre and Post Market and the Price Spy ETF price predictions Weekend editions.
. TESLA stock along with TESLA share Price including Testla After Hours.
DISCLAIMER: No financial advice, the information on this channel is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this channel is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this channel and provided from or through this channel is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this channel without undertaking independent due diligence and consultation with a professional broker or financial advisory.
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