SP 500 - BULLISH Divergence + Target Area (3/11/22)The S&P 500 has Bullish Divergence on the RSI. We should see it head back up to the 4400 - 4450 area over the next couple of days.
The threat of a flash sell-off is always looming, so precautions have to be taken when trading against the trend (currently down). However, if we do not get anything random in the markets, then the SP 500 should make it's way up to that target area with ease.
Spyder
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.
$SPY on Daily Potential Death Cross for March$SPY Daily Potential Death Cross for March
What is a Death Cross?
It's a technical pattern in which the 50-day moving average on a stock or index crosses BELOW its 200-day moving average.
The indicator is considered a bearish sign.
What are your thoughts?
Thanks,
Kelly
SPY bearish options todayI was monitoring the SPDR S&P 500 ETF Trust (ETF) options market and the puts are dominating the options today.
2/3 puts, 1/3 calls and some important dark pool prints sells.
My expectation is for a retracement at the $422 area, followed by a W shaped recovery.
Looking forward to read your opinion about it.
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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 .
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S&P 500 - How Deep Will This Correction Go?Since the Covid crash, the Stock Market has been on an unstoppable steep upwards trajectory. This carried out through 2020 and the whole 2021. I've never seen the Stock Market climb this high and this short amount of time. With the current state of the economy with rising inflation, food & supply shortages, spending cuts and coming interest rate hikes... I do not believe that we can continue at this pace in 2022 without a deeper correction. We drank the juice and got caught up in the overly bullish mentality.
We have to remember the laws of Supply and Demand. Markets never go up at this steep without a steep correction at some point. I'm seeing the 3,500 - 3,800 range (38-50%) as a likely area that this correction may fall to. I could see it falling as low as 3,200 - 3,500 (50-68%) as well. It may fall straight down into these areas or it make take place over the next couple of months but these are the areas I'm watching.
I'd be weary of being overly aggressive with continuing to buy at this time. It is possible that many retail investors/traders will get bull trapped. They may take this market up just a little more and then drive it down further. When there's a lot of uncertainty, it's not a terrible idea to just hold your money and until the market has bottoms out before getting aggressive with buying again. And as of now, it is not clear if this is the bottom yet.
S&P Analysis Week of 12/27/2020: Goodbye 2020It's the last week of the year and it looks like the market will be making a move here soon.
Price is in an uptrend but consolidating inside a wedge pattern. This means price is building energy and ready to make a move to the upside or downside. Since it's difficult to predict, I would wait on the sideline until confirmation.
The trend is your friend until the very end, so I will not be shorting unless there is a major technical breakdown and trade setup 2 occurs.
Otherwise I think the trade setups described are easy to read and understand.
Do not play the breakouts, wait for the retrace and resumption. My experience is that 90% or more of breakouts result in a retrace or failed breakout. Wait for the confirmation.
Safe trading and happy new year!
$SPY INDEX TECHNICAL BREAKDOWN | OCT 2020Friday was the quarterly event known as quadruple witching where S&P 500 (SPY - Get Rating) futures, options on those futures, options on individual equities, and single stock futures all expire. In the past, these ‘witching’ days have been characterized by above-average trading volume and increased volatility. But, in the current environment, those are relative terms as both have been elevated for the past few months. Still, expect some wild gyrations, especially as we head into the close today, which could carry over into Monday’s opening as positions get squared away, hedges get established and positions are rebalanced. Data suggests that there are some 90 million options contracts likely to settle in-the-money and approximately $32 billion in index rebalancing, which needs to occur.
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SPY currently sits above what has proven to be strong support @ $327 which could offer as a decent entry point considering our next support is at $324.
Possible long on a break and hold of resistance @ $332.
Upside targets: $340, $344, $347
Possible Short Entry pn break and hold below $327
Patience will pay, be very patience with these levels.
DotcomJack | Michael Jordan of Stonks
SPXUSD, If the price will show a pullback...The best Buy pattern will be if the price will show a pullback and false breakout of the All-time high level.
We can't know how long this rising will continue but the entry point will be with low risk and huge potential profit.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
SPXUSD, We are close to the strong level!!!That historical level is a psychological level too.
The price rose up dramatically and it will be a correction movement soon.
Be ready to catch the opportunity!)
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
SPDR(SPY)/S&P 500 ETF - SHORT TERM LONGSome description:
A) A break below is a short term sell signal targeting 3032/30 - 3025, perhaps as far as 3015. The first resistance is at 3100but shorts need stops above 3120.
B) A break above the 3156 high this week targets 3160 and 3185, perhaps as far as 3200.
Good luck trading!
This week we end bellow the poing of Equilibrium at the Dialy/1HThe ultimate oscilator (By Larry Williams) shows me a slightly bearish hidden divergence at the 1H and we end the week bellow the clossest equilibrium point between 2869 - 2875 (1H + 4H Kumo's). I put an area line to watch the lower lows price more closely with the vertical lines but the clear thing is, the bulls never break the 2869 - 2875 to the upside. Finally the 4H chart shows the price bellow the Kumo so the preferent direction it's to the down side. For the long side, the D chart shows a strong Kumo support but be aware because the rising wedge was broken. The chaos is here.
El último oscilador (de Larry Williams) me muestra una divergencia oculta ligeramente bajista en la 1H y terminamos la semana debajo del punto de equilibrio más cercano entre 2869 - 2875 (1H + 4H Kumo's). Puse una línea de área para observar el precio de los mínimos más bajos más de cerca con las líneas verticales, pero lo claro es que los toros nunca rompen el 2869 - 2875 al alza. Finalmente, el gráfico 4H muestra el precio debajo del Kumo, por lo que la dirección preferida es hacia el lado negativo. Para el lado largo, el gráfico D muestra un fuerte soporte de Kumo, pero tenga en cuenta que la cuña ascendente se rompió. El caos está aquí.
Be careful investors..As Benjamin Graham says: History repeats itself..
What goes up, must fall. Already in the 1970s he knew it from the centuries-old market history, had and still has the right (00-02, 08, and many others before).
Second half of 2018 is not healthy correction for me. Most of big players are overpriced (for me).
Another big correction is needed and will come, but.... WHEN? ;)
It looks like the market is losing power.
SPY more down?Over the weekend it looks like the virus has gotten worse within the US. The may lead to more downside this week. We are currently in a correction zone but below $271.2 we are in recession territory or 20% down from our previous highs. I think that $286 and $281 will be hard resistance to break through to go lower. I am going to long puts on SPY but also hedging this week until we break $286 and $281.