Get started

Spyanalysis

SPY leg higher?I think it's worth taking some risk here as the chart looks set up for a leg higher. Using the fib tools I'm targeting $482 - $486 / 1.618 It's already made a 50% retracement nearly to the dollar and tried to for an all time high. I believe SPY price will break that level and make another ATH. Volume is increasing although there is a lot of trading activity in the current range. It may not go straight to $482 but I think $475 will hold as support. If not then $472 will be in the cards and a sell-off could ensue. Past bull markets have gained 200% so it's not unreasonable for SPY to touch $500, especially while we have this momentum. If it doesn't happen now then I think there is less and less of a chance it happens in the first half of the year. I think we'll see $500 or $5000 SPX by February of this year.
AMEX:SPYLong
by DontSlamTheDoor
S&P 500 ETF (SPY) ~ December 4H SwingAMEX:SPY chart analysis/mapping. Spy ETF strong rally throughout November - is it due for a pullback in December? Trading scenarios: Continuation rally #1 = gap fill / ascending trend-line (white) confluence zone. Shallow pullback #1 = descending trend-line (light blue) / 78.6% Fib confluence zone. Shallow pullback #2 = Golden Pocket / descending trend-line (white) / 200MA confluence zone. Deeper pullback #1 = ascending trend-line (light blue) / 50& Fib / gap fill confluence zone. Capitulation #1 = multiple gap fills / 38.2% Fib confluence zone.
AMEX:SPY
by BlueHatInvestor
SPY Fly or Die Looks like Q1 2024 is going to be a pivot point. Looking at the weekly tf, The price action curve has stayed consistent over the years. Im not a big fan of alot of indicators but we can see the bullish pressure building and bump and run pattern forming, Measured move from prior LL to Prior HH giving us a target of 700. Also 127 fib ext. I would love to see the curve tested one more time but if there is a strong break to the top side Im going long on spy please share your thoughts
AMEX:SPYLong
by pippin_aint_easy79
SPY next moveDecember 8 Unemployment Rate December 12 Inflation Rate December 13 Interest Rate & Powell Speech in these days market could start its correction VIX is too low which means market could go higher, why not lower? volatility is too low, everything is good (data) but consider every time vix go below (18-13 range) it start to bounce, this bounce moves vix 30-40 % higher, 10% for spy, one of my calculations for spy correction target comes from vix movement. VIX option data P/C ratio for 15dec for both interest and volume is about 0.5 and puts positions closed for december, calls still open 10-15% correction for spy could lead it to 360 max consider this data *rate hikes will go down in 2024 *late 2024 US election *REIT is not good compare to others I think after this correction market will have ATH(2024), and after that FLASH CRASH
AMEX:SPY
by Arashbas
2