Daily SPY technical analysisSPY sell/ short zone 412.80 to 413.61. stop-loss 414.14. take profit zone 410.11 to 409.04
Spyanalysis
Cracking the Code: Analyzing SPY Trends Across Multiple TFLets take a deep dive into the SPDR S&P 500 ETF Trust (SPY) and examine its trends across weekly, 4-hour, and 1-hour charts. Using technical analysis tools and strategies, we uncover insights into how SPY is behaving on different time scales and what that might mean for traders. Whether you're new to trading or a seasoned pro, you'll find valuable insights and actionable tips in this comprehensive analysis of SPY price action.
SPY S&P 500 ETF Analysis Monday, March 20th, 2023Today market is more volatile for high-impact news, so look at the mentioned level to trade entry.
SPY is Doing ABC Medium Term CorrectionTechnical Analysis:
- As you can see in the chart, SPY is doing a short term wave 3 in red
- We expect that it will extend lower to finish correction around $300 ~$310 in the orange circle to complete the ABC correction of the wave II in red
- H1 & H4 Right Side is Turning Down
Technical Information:
- SPY is a ETF and it has a very strong correlation with SPX Indices
$SPY: Breakout/drop to $395? Broadening formation's fate hangsTomorrow morning, we'll be receiving GDP data and jobless claims, which could have a significant impact on the market. Currently, $SPY is at a crucial point on the daily chart, nearing the upper limit of its broadening formation. It's showing positive trends on the daily, weekly, monthly, and quarterly charts. Keep in mind that the month and quarter will close on Friday, along with the release of PCE data.
GDP results are expected to come in flat tomorrow morning, while the jobless claims at 8:30 am could potentially offset the GDP figures.
If the data leans bullish, $SPY has the potential to break through the $405 price level and run like a bat outta hell. On the other hand, if the data comes in bearish, we may see a retest of the $398 level, followed by a potential drop to close the bullish gap at the $395.7 price level.
Daily SPY technical analysisSpy today if open or push 396.42 then we can find buy / long and take profit at 401.38 but if the market opens below 396.42 then we can sell at market and take profit must be 391.44. all two scenario stop losses have to be $1 for each change of entry-level. If the market break 391.44 then the next level of support is 387.27.
Daily SPY technical analysisYesterday spy make strong support. so, it is time to pull back to the up trend. today we can find buy entry from mentioned level of the chart.
SPY S&P 500 ETF Price PredictionOn March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting.
On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come better than expected.
In this context, my price target for SPY is $386 by Mid-April.
Looking forward to read your opinion about it.
SPY UPDATES
fORGOT to update this idea, This made huge on options traders when this previous ideas posted. resistance zone hit. now im looking for a buy after the sweep before that makes ob.
Follow for more Free ideas..
Spy ZonesHave Fun Getting an AP Lads! Here are The Zones That May Play Out in The Coming Days/Weeks.
Gap Up or Drop Down?How's it goin traders, hope this recent rally has been treating you guys well. Here we have a potential gap up setup. We have a very aggressive uptrend currently and, we are approaching some supply zones that we will test and see if they prove to be strong resistance. Right now I see more up before we take profit/ have a small pullback. Thoughts traders? Have a good one!
$SPY PUTS If we held above $400 it would signal a larger move up. Likelihood of that happening is quite low in my opinion. With a big week of low expected earnings, possible negative news coming from Powell, and many companies looking lacklustre with weak guidance, I expect that we can see a strong rejection of the $400 level.
Closed one put already from $399 to $396 and will gradually re-open a few Puts for March/April expiration between $397-$399
Looking for a TP level around $370 or at the .618 fib line. Not because it would be a bottom, but a good level to take profit as we approach expiration and where we might see a possible bounce.
Stop loss would be $400 as I don't expect us to head back above this level. However, if we do, the risk/reward ratio is worth it.
Good luck everyone.
SPY LONG OPTIONSTrade base on your own decissions
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NOt financial Advice, be a swing trader
I found/created some Hopium for youI know that everyone loves to be PUMPED up and fed extra B.S. so i went and found you some we can HOPE for if feeling Bullish. If the RED line can become the temp channel instead of having to go all the way down to the yellow below it for HOPE of support. This could save you another day of DOWN and give you some sort of T/A to go with your DIP buying for the day if you just couldn't help yourself. There are actually a few points of contact as well as an overall general theme if you zoom out even further of their being this secondary support trend just higher up from the lower/stronger support line.
Moving Average Free Options MethodSimple to use on the 15 minute to Daily chart. When the Emas cross with green on the top buy calls within $2 strike. When cross with red on the top buy puts within $2 strike. Bottom Mac'd Ema difference should also be same color as top Ema. Green/Green or Red/Red. Any light blue line Ema or Sma can be support or resistance so be prepared to sell. Buy time never buy contracts that expire that day. Greeks will burn you. Support and resistance are the green and red stripes across the chart(also sell or buy points. Ideally enter on the 5 minute chart then switch to the 15 minute or half hour chart to eliminate noise. Happy trading.
SPY SCALPINGOptions traders, Im expecting price goes back to 417.49$.
Trade base on your own decissions.
COme and check me out for more.
$SPY Inverse Head & Shoulders$SPY and other stocks currently have a possible Inverse Head & Shoulders pattern that is playing out right now. I expect to see $450 - $480 by May. We need to break $420 neckline and hold for a weekly close to confirm this.
SPX TOP!! Final leg to 6100 by July 22nd 2024This just lines up so perfect for me. A measured move from the March 2020 lows would be 6100 in July 22nd ish 2024. That would line up with the tops from 1929 and 2001, oh man. At that point I'm selling it all and running for the hills cuz it could get REAL nasty.
SPY OPTIONS TRADINGFollow for more.
Some DEgen here trading SPY.. lets goo.
Trade base on your own decissions.
Looking at current trend $SPY can hit $114 in coming weekLooking at current trend $SPY can hit $114 in coming week
Do you see the timeframe?have you seen guy!!!
the chart time frame and the Chart pattern cuz for me it's gonna be helluva economic rollercoaster
What Goes Up Must Come DownAfter that ascending triangle collapse, I can see SPY getting back within the orange downtrend range. Lookout for any areas of strong support for a possible bounce reversal when playing puts.
