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!
Spyanalysis
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.
____________
Daily Premarket Update on the SPYTraderMan 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.
👉 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.
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.
2022 | The Year Of Wild Swings but a BIG Payoff? QQQ/SPYHey Everyone, in this video we discuss the large swings we expect for 2022 and what might be setting up for the next few quarters on the stock market.
SPY Short Squeeze based on RSI/post Quadruple Witchingmarkets.businessinsider.com
Looking at the chart you will notice SPY has been trading flat for around 50 days. SPY has never done this before (rare). Very heavy price consolidation = breakout soon
During an uptrend, the RSI tends to stay above 30 and should frequently hit 70. During a downtrend, it is rare to see the RSI exceed 70, and the indicator frequently hits 30 or under.
Friday at close: RSI above 30 indicating a bullish trend is about to start despite SPY price hitting $459.
Big picture: Higher lows and RSI staying above 30, lower highs for RSI, Bullish AF.
Prediction end of January: $515-$530
Photos (Reddit isn't working when I upload photos)
ibb.co
ibb.co
ibb.co
Think I am wrong? Look at 12/1 - 12/3. The RSI fell below 30 indicating a bearish trend then on 12/3 the RSI was above 30 indicating a bullish trend was about to start and the following day SPY gapped up hard.
In my opinion, the Friday sell-off was because England raised their interest rates which makes NO logical sense when their country is a hotspot for the new variant. The rest of Europe didn’t and won’t raise interest rates in 2022 because of the variant.
The CDC states this is going to get terrible in the U.S and the media says it’s mild when it’s not. You need to look at the hospitalization data closer and you will realize it’s significantly worse than Delta. Read below, “CDC issues grim forecast warning that weekly COVID cases will jump by 55% to 1.3 MILLION by Christmas Day and that deaths will surge by 73% to 15,600 a week as Omicron becomes dominant strain.”
Then look at the New York City data, NY Reports Highest Single-Day Case Total of Pandemic. This variant is extremely contagious, the bull run is just starting. Our gov won’t let the economy crash causing permanent damage to the economy when the pandemic is starting again.
SPY AnalysisThe Middle Gann line is of interest in this case
I propose an ascending broadening wedge to form above the middle Gann line
This is shown by the bars pattern placed
The 50MA is an area of support
The above idea can be applied to this ticker
It seems far fetched but when COVID is compared to other drops in the market, COVID outweighs them all, yet we receive the smallest bear move
Troubling
SPY fakeout? My thoughtsWhat seems to be a reversal on SPY begs the question, will this uptrend be sustained or reverse back to the downside?
I believe we will see a sustained uptrend for the time being given signals from my indicator
For those that trust their TA more then mine(to be expected) I have applied a fib retracement for resistances to watch
I will now list the signals I am currently getting from my setup
-Red RSI closed above 50(this means sustained upwards pressure until our white energy hits 50)
-White energy is above 50(This means that we will see sideways at worst and upside at best regarding price action)
-White energy is at 95(White energy resembles momentum meaning we are seeing great bullishness)
What I am now watching is the Blue LSMA
This Blue LSMA needs to close above 50 to indicate that price action will stay above the Bollinger Band Basis(yellow dots)
I also want to watch how price action reacts to the 454 resistance and whether or not it will be broken
SPY Bullish CaseWe all know what they do best - print like there is no tomorrow.
If 430 level hold and is bought, we will get out rally. Every guru and their subs are long to their teeth. There is cash on the sidelines. If that cash sees this as a double bottom buy the dip opportunity - to the moon we go.
If this dip is not bought, look out below.
2hr shows a death cross (when 50MA crosses 200MA), 3hr is approaching a cross. 4 hr looks like a double bottom. Daily we are sitting pretty on 50MA. Short term time frames dont matter as much as long term timeframes. I am still eyeing 410-420 level but will change my mind if I see aggressive buying action today.
At the end of the day, you are the one clicking buttons and making decisions for yourself. Today will not matter so stop trading and pick long term strategies, use intraday activity to help your conviction.
Harmonic bounce on the SPY. The trend will defend.Beautiful harmonic bouncing on the SPY . This will be a classic breakout, pull back, continuation pattern. The 30,50,100 SMA's are wide and healthy regardless of the noise and hyper evaluations. The trend will defend but a correction is due... we all know it.
SPX500 ANALYSIS - IS THE BULL RUN LOSING STEAM ? HELLO TRADERS
WE'VE NOTICED SOME WEAKNESS AND BEARISH PRICE
ACTION ON SPX500
COULD SEE A DOWNSIDE MOVE TO CLOSE OUT THE WEEK!
AS ALWAYS, ONLY RISK WHAT YOU'RE WILLING TO LOSE!
THE TRADING REGIME.
OANDA:SPX500USD
S&P 500 - Elliott Wave Analysis - CorrectionHi,
Given how the VIX index behaved today, it seems market's correction bottom has reached, for me buy the dip from here.
PS: Corrections are tricky to analyze , trade wisely with not much risk, it can always turn around anytime.
Happy Trading.
S&P 500 - Elliott Wave Analysis - CorrectionHi All,
What a strong close today for SPY. It certainly took Bears on surprise, the bigger surprise was Nasdaq strong pull back to green as there's a lot of FUD around inflation, which is true but FAANG stocks are too cheap to be ignore for long.
Again, correction can be very tricky, I'll not assume or jump into any conclusion, we're still sitting in correction, and there're various ways Eliott's Correction can take place in ABC pattern, so place your bets accordingly. Good luck.
S&P 500 - Elliott Wave AnalysisCombining Fib Extension to project the probable targets for 5th Wave top (if not reached already).
Thanks!
S&P futures getting closer to upside resistance level. Upside target is still 4235 as long as 4113 holds. If 4163 fails, next bullish bounce can be seen from 4146 or 4135. Close below 4113 may indicate short term trend change unless we see a quick crash and bounce around 4050. On upside, 4188 is immediate resistance, once overcome can move towards 4235-4240.
SPY dip incomingShowed to be overbought, broke out of resistance with no overbearing candles and only baby candles, I'm expecting a drop to around the 78.60% Fibonacci level
SPY To The Downside After that nice little end of day rally on Friday I'm looking at a price target of 385 - 380 by this upcoming Thursday to bring Spy down to the 50 or 618 fib levels. QQQ is ahead of SPY just a little in regard to fib retracement. Recently had a big upswing off of the 50 fib to above 23 fib before having an aggressive sell of > -2% in one day straight down to the 618 fib before another small rally up. EOD spy rally pushed it right above the 23 fib. Intraday charts also suggesting buyer exhaustion. Will be interesting to see if the suez canal crisis will play a "role" in market movements next week. Look forward to your thoughts. Thanks!
