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SPY Big Fed Rate Hike is Coming! If you haven`t noticed Jamie Dimon`s prediction: Then you should know that The Federal Reserve is expected to raise interest rates by a half of a percentage point for the second consecutive time on June 15. More rate hikes are likely in the coming months because consumer prices rose 8.6% YoY through May. Inflation is at 40 year high! Jamie Dimon, the JPMorgan Chase CEO: "Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this." "That hurricane is right out there down the road coming our way." "We just don't know if it's a minor one or Superstorm Sandy. You better brace yourself." Jamie Dimon is predicting an economic "hurricane" caused by rising inflation , interest rate hikes and the war in Ukraine. If oil reaches $140 - 150 this year, then this is the strongest sign of a recession or if China invades Taiwan. Looking forward to read your opinion about it.
AMEX:SPYShort
by TopgOptions
2
SPYSPY GAMEPLAN FOR JUNE 10,2022 As CPI data will be released at 8:30 AM EST, tomorrow is a big day for traders and investors. Make sure not to trade on news or assumptions. Today we saw a massive sell-off at the end hour of the market trading session. There will be a bounce upward tomorrow for correction. The critical level of resistance, for now, is 405.18-405.71, and the main one is 407-408. I'm saying this because on multiple timeframes like 15m,30m,45,1hr, and 2hr, and RSI is sitting on 30, which means an oversold area. Don't get trapped in following the trend but wait for confirmation to short on the resistance area(to be on the safe side). Moreover, looking at VIX, it got rejected at the resistance level of 26.25. If it breaks the resistance tomorrow, opening a short position might be a good idea. Another scenario is that it cools off in the area of 25.50 from their excellent idea to open a safe short position. This is just my opinion but looking at the sell-off volume was a sign of continuation of the sell-off.
AMEX:SPY
by UnknownUnicorn11669057
$SPY rejecting 1D 55 ema and 4h 200emaAs the charts show, $SPY is rejecting 55ema on 1D and 4h 200ema on 4h. In addition to this, a lot of macro catalysts and headwinds are at play here with a quantitative tightening cycle beginning, the war between Ukraine and Russia, Monkeypox, Gun Violence, very high inflation, and the recession flags popping up everywhere in auto sales data for example. R/R favors the bears at this moment but it's still highly recommended to utilize upside hedges regardless of conviction due to the volatile and shaky price action we have been witnessing over the past few trading sessions especially.
AMEX:SPYShort
by uprisetraders
SPYSPY GAMEPLAN FOR JUNE 2,2022 Based on today's economic news: ISM Manufacturing (Apr) 56.1 vs 54.5 Expected JOLTS Job Openings (Apr) 11.4M vs 11.35M Expected The market was up the first 30 minutes of the session, and then after the news, it got rejected on resistance and then bounced back from the support of 407. Also, keep in mind that vix is on a support level of 25.50. If 25 breaks market will go up. If not, SPY will make new lows. Two Scenario for tomorrow: -Break below 407 can lead to 398-400 -Break above 413 to 416( I don't think so, but I can be wrong as well)
AMEX:SPYShort
by UnknownUnicorn11669057
SPYGAMEPLAN FOR MAY 31,2022 Soy is trying to reach the 430 area level as futures showed strength yesterday. ES touched $4200 seems a great possibility, but we need to see what happens on pre-market as always. Market sentiment can change. Overall, the main thing to consider is that VIX is at support, and if VIX breaks, that support area market will see a massive jump to 430 areas. If not, then rejection will create a new low as basis points will increase and interest rates. Also, AAPL is on the resistance level of 150 area, which can make a sell-off if it gets rejected and if not, we will see spy 430 with the market remaining green.
AMEX:SPY
by UnknownUnicorn11669057
SPYTODAY SPY HELD BETTER THAN NASDAQ. Spy is on an uptrend with ascending triangle but can be a possibility of rejection on resistance (398). If SPY gets rejection on resistance, spy sees 380 level again as main support for now. Two scenarios for tomorrow's game plan: 1st- If rejection on resistance and uptrend breaks, the spy will mostly fall back to the 380 area support level. Puts June 3 strike 390 2nd- If spy Breakthru resistance, then the possibility of 409. Call June 3 strike 405
AMEX:SPY
by UnknownUnicorn11669057
$SPY Let's See Where We GoCurrently, $SPY is working with in solid range, but it looks like $385 might be the bottom. If it breaks $385 we will move down to $330 but I doubt it breaks. I think is not the beginning of the end but the start of a new trading pattern. Chop possibly for the rest of the yea. Up and down movement working within the range of $450-$410, but again the market can do whatever it wants but my guess is we do not see $500 for another 2-3 years, we got some consolidation to do before we get that type of movement, the last two years are bad examples of the market volatility and movement. The market relied heavily on tech stocks to bolsters itself through the pandemic, with strong earning reports quarter after quarter from the FAANGs (largely tech companies), the "market" was able to rally. The "rally" was more so bullish sentiment built on a façade, it was like looking at a mirage of water in a desert, it looks great but when you finally get there, there is no water. That is how our market acted, we finally got to the top, we got out of the pandemic and we realized there was no water. The market was overbought, there is a myriad of reasons why: stimulus checks, retail trading boost, people staying home, transportation cost reduction, you name it. Yet no one factored any of these into their estimations, like how could you not factor in the price of gas in a company like Amazon, gas costs went down, product costs remained the same, margin increase. But let's say you did see that and factor it in, you also missed the fact that over millions Americans continued to eat, while the workers to produce food decreased, leading to a decrease in reserve supplies to produce food, leading to global shortages that we will be facing in the next couple of months. By the time most people realized this, it was too late. But none of the matters because now people overreacting, they are selling everything and that's where you the smart savvy investor come in. Snapchat is down 40% today (5/24), oversold, when people are bearish bad news becomes the worst news in history, and this plays into my theory. That the reason the market is tanking is not due to some economic collapse, the stock market doesn't work in tandem with the economy anymore, not since 2008. If it did, 2020 and 2021 would have been much worse. No the stock market operates on it's own and is controlled by major capital. Tech stocks need to rebalance, they were overbought, this should not be a shock to anyone. In order to achieve in equilibrium in the stock market we most lower the prices of the FAANGs + MTBV, this will allow the market to find a balance to build up from. The issue with selling the FAANGs + MTBV is that drags down the entire market, which if you remove the tech sector has been down for the last couple of months, so mid-caps and small-caps have been hammered by this downward movement. Snapchat being down %40 is a buy opportunity, Pinterest losing 23% off Snapchat bearish sentiment is a buy opportunity, Trade Desk hitting almost a 2 year low, buy opportunity. Even if I am wrong, and the market turns down for the next 1.5 years, in 3 years you will have made a profit. That is the wonderful part of the stock market, in a 20 year time span you are less than 0.01% to lose money. But if I am correct and the market jumps from here you just missed your best buy opportunity. FAANGs + MTBV: Facebook (Meta) Apple Amazon Netflix Google (Alphabet) Microsoft Tesla Berkshire Hathaway Visa
AMEX:SPY
by chasenlz
2