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SPY I Bullish rally and more continued growthWelcome back! Let me know your thoughts in the comments! ** SPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
SP:SPXLong
by BKTradingAcademy
3
Comprehensive Technical Analysis: SPX 10-Minute ChartThis SPX 10-minute chart shows a clear intraday shift from a bearish to a bullish trend, accompanied by multiple technical signals. Let’s break down the analysis across different technical components: 1. Trend Analysis: Initial Downtrend: The session started with bearish momentum as indicated by Put Signals and declining price action. The lower lows created a brief bearish trend that ended with a strong reversal. Bullish Reversal: The reversal is confirmed by a series of Call Signals after a strong bullish breakout from the previous consolidation zone. The price broke above a significant resistance level around 5,731.94, leading to a steady uptrend. 2. Moving Averages: Short-Term Moving Average (Orange Line): This acts as immediate support during the bullish run. The price consistently stays above this line, indicating short-term bullish strength. The slope of the moving average is steep, reflecting increasing bullish momentum. Mid-Term Moving Average (Blue Line): Positioned further below, the blue moving average provides a broader support level. This indicates that the medium-term trend remains supportive of the upward move, showing a well-established bullish context. 3. Heikin Ashi Candles: Bullish Momentum: The Heikin Ashi candles display a strong bullish pattern with several consecutive yellow candles and minimal lower wicks, indicating reduced volatility on the downside. Temporary Pullback: A few red candles appear, marking brief consolidation but not a trend reversal. The continuation of yellow candles afterward confirms sustained bullish pressure. 4. Key Signals and Levels: Entry Long: A long entry signal is observed after the breakout around 5,731.94, which was an excellent point for entering the bullish trade. Exit Long: The Exit Long signal near 5,776.76 suggests taking profits after the bullish move. This level now serves as short-term resistance. Support Levels: Immediate Support: 5,755.43 – A pullback to this level would still align with the bullish structure as long as it holds. Major Support: 5,731.94 – This level marks the breakout point, acting as a strong floor for further bullish moves. 5. Volume and Momentum: Although volume is not displayed, typically such strong moves (as indicated by Heikin Ashi and moving averages) are accompanied by rising volume. Momentum: Bullish momentum remains high, supported by consistent upward price movement and the sustained hold above the moving averages. 6. Resistance and Future Outlook: Immediate Resistance: The price is facing resistance at 5,776.76. A break above this could open the path to higher levels, potentially testing psychological levels like 5,800. Continuation or Pullback: If the price breaks above 5,776, we can expect a continuation of the uptrend. However, a failure at this resistance might lead to a short-term pullback to 5,755 or even 5,731. Conclusion: The chart reflects a strong bullish reversal with clear signals of upward momentum. Traders should watch the 5,776 level for a breakout confirmation or potential pullback to the key support levels at 5,755 and 5,731. Maintaining the trend above the orange and blue moving averages will be crucial for sustained bullish movement.
AMEX:SPYLong
by Deno_Trading
SPY Pullback: Time to Consider New Swing Long Positions!While AMEX:SPY remains in a strong uptrend, today’s 0.5% decline offers a healthy retracement for swing traders looking to enter long positions at more favorable levels. I don’t expect this pullback to last long or be of significant magnitude, but the short-term weakness is evident, creating an attractive window to buy into the trend. Watch for upcoming signals, as this dip could present a fresh opportunity for the next upward move. The technicals support this outlook: Relative Strength Index (RSI): 63.85 (Neutral), indicating the market isn’t oversold yet, leaving room for more downside before a potential rebound. MACD Level: 5.77 (Buy), signaling positive momentum and supporting the overall bullish trend. Momentum (10): 12.81 (Buy), confirming underlying strength in the uptrend. Exponential Moving Averages (10, 20, 50, 100, 200): All in “Buy” territory, reinforcing that the uptrend remains intact despite today’s pullback. However, Stochastic %K (90.36) and Commodity Channel Index (192.15) point to potential short-term exhaustion, suggesting this is a brief pause before the next leg higher. Swing traders should stay alert for a better entry point at any moment. Action: Stay tuned for a buying opportunity and follow me to see when I make my next move into the trend! Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves risks, and you should only invest what you can afford to lose. Always do your own research and consult with a financial advisor before making investment decisions.
AMEX:SPY
by CF_444
SPY Daily Chart Analysis: Approaching Key Resistance at $564Looking at the SPY daily chart, the price has recovered well from its recent pullback and is now approaching a significant resistance level around $564. Key Levels: Resistance at $564: The green dashed line highlights this key resistance zone. SPY has tested this level multiple times, and we’re nearing another test. Each time the price approached this zone, it faced rejection, making it a critical level to break for continued upside. Support at $552.49: This is the immediate support zone, and it’s holding strong. Any pullback towards this level would be a natural correction but as long as we stay above it, the bulls remain in control. What I Expect: Potential Breakout: If SPY manages to break and hold above $564, we could see a significant rally, possibly testing higher resistance levels around $570. However, failure to break this resistance might lead to another pullback, with $552 acting as the first major support. Sideways Action: There’s also the chance that SPY could consolidate in the $552 - $564 range before making a decisive move in either direction. This would create a buildup of momentum before the next big breakout or breakdown. Final Thoughts: We’re at a critical juncture. If the bulls can push through $564, we might see a continuation of the larger uptrend. However, resistance here has been strong, so I’ll be watching closely for either a breakout or a rejection at this level. Stay cautious and watch for clear confirmation before making your move.
AMEX:SPYLong
by Deno_Trading
SPY 10-Minute Chart Analysis - September 3, 2024AMEX:SPY The SPY has been trading in a well-defined range over the past few sessions, bouncing between support and resistance levels like a pinball. Right now, we’re seeing a key moment where SPY is testing the lower boundary of its trading range. Current Setup: Resistance Zone: The upper boundary around 5,641 has consistently acted as a ceiling for SPY. Every time the price reaches this level, it gets knocked back down, indicating strong selling pressure. Support Zone: On the other end, the support around 5,560 has held up well, with buyers stepping in to defend this level each time it’s been tested. SPY is currently hovering just above this support zone, which could be a critical area to watch. What’s Happening Now: SPY is testing the lower end of the range, around 5,573.91, after a sharp drop from the resistance. The price is attempting to bounce, but the question is whether this support will hold, or if we’re looking at a potential breakdown. Key Levels to Watch: Break Above: If SPY can gather enough momentum to push back towards the 5,641 resistance and break through it, we could see a significant move to the upside. This would signal that buyers have regained control. Break Below: On the flip side, if SPY fails to hold above the 5,560 support, we might see a more extended decline, potentially opening the door to lower levels. Summary: SPY is at a crucial juncture. The battle between buyers and sellers is heating up as the price hovers near the lower support of the range. Traders should keep a close eye on these levels, as a break in either direction could dictate the next significant move for SPY. Stay alert and be ready to act depending on how the market reacts in the coming sessions.
AMEX:SPYLong
by Deno_Trading
2
Why ORB and VWAP Have a High Success Rate - Part 2Previously in the Opening Range Breakout (ORB) and the Volume Weighted Average Price (VWAP). In Part 1, we dove into the basics and all the important aspects of the ORB, but now let's explore why these strategies often lead to high win rates. The Psychology Behind ORB The ORB is powerful because it captures the market's initial reaction to overnight news and pre-market sentiment. Think of it like the opening scene of a movie: it sets the tone for what’s to come. When the market breaks above or below this range, it’s like the plot thickening—traders jump in, driving momentum in that direction. This momentum is often self-reinforcing, leading to sustained moves that traders can capitalize on. VWAP: The Institutional Trader’s Compass VWAP, on the other hand, is not just another line on the chart. It's the line in the sand for many institutional traders. It represents the average price weighted by volume, and it’s where big players often aim to execute their trades to ensure they’re getting a fair deal. When the price is above VWAP, it’s a sign of strength; below, it signals weakness. This makes VWAP an anchor point for many strategies, creating natural support and resistance levels. The Power of Combining ORB and VWAP Now, let’s bring it all together. When you combine ORB and VWAP, you’re essentially stacking two powerful tools that capture both the early market sentiment and the equilibrium price level that institutional traders care about. For instance, if the price breaks out of the opening range and stays above VWAP, it’s like a green light signalling that the bulls are in control. On the other hand, if the price breaks down and stays below VWAP, the bears likely have the upper hand. The chart you're seeing is a perfect example of this dynamic. Notice how the price respects the VWAP and reacts strongly around the opening range levels. These reactions are not random—they’re the market’s way of telling us where the big players are positioning themselves. To Recap All These The high success rate of ORB and VWAP strategies isn’t just about the numbers; it’s about understanding market psychology and where the big money is flowing. By incorporating these tools into your trading, you’re aligning yourself with the natural rhythm of the market, increasing your chances of being on the winning side of the trade. This combination gives traders a structured approach to navigate the chaos of the markets, and when used consistently, it can lead to more reliable and profitable trades.
AMEX:SPY
by Deno_Trading
$SPY 8/12 - 8/16- Massive panic sell off last week and a quick quick recovery BUT we are still overall red for the month - If price makes higher highs above $534 lvls we most likely will keep pushing higher so we will look for calls - IF price rejects and starts to make lower lows as well as retest previous demand zones then we should look for puts - KEEP IN MIND there is PPI 8/13, CPI 8/14, and Retail sales + Unemployment 8/15 - Earnings for Retail Companies are next week as well so keep an eye on NYSE:HD , NYSE:WMT , NYSE:BABA for any major moves
AMEX:SPY
by Ubaidy100
Bullish Butterfly and Bat Patterns on SPY (3H Timeframe)🔍 Overview: Exciting bullish setups on SPY with both Butterfly and Bat harmonic patterns on the 3-hour chart! 📈 These patterns are showing strong potential for an upward move. 📉 Chart Analysis: 1️⃣ The Butterfly and Bat patterns suggest potential bullish reversals, with support holding around the $533.47 level. 2️⃣ These double harmonic patterns provide strong bullish confirmation, making this setup particularly compelling. 📊 🎯 Trade Setup: Profit Target 1: $548.53 💰 Profit Target 2: $563.50 💸 Stop Loss: $533.47 🚨 📝 Why I'm Interested: The combination of these two harmonic patterns strengthens the bullish outlook. 📈 These patterns often signal high-probability reversals, providing a great opportunity for a long trade. The RVOL Average is supporting the creation of this patterns as well. 📅 Timeframe: Monitoring this setup on a 3-hour chart, which means keeping an eye on shorter-term price movements for optimal entry and exit points. ⏳ 🔔 Stay Updated: Keep watching the price action and adjust your strategy as necessary. Let's capitalize on this opportunity! 🤑🚀 #SPY #BullishButterfly #BullishBat #HarmonicPatterns #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📈🚀
AMEX:SPYLong
by TradeTalkFarsi
$SPY Forecast For Years To Comeplease dont take my opinion as financial advice i'm just a 17 year old with some speculations. with that being said let me explain myself. With the fed pausing still i believe we will keep rallying till we see our first cut once we get that first cut it'll be the market top. The fed has been sitting on their hands for way too long and with inflation sneaking back up i dont see it getting better until its too late. stuff will start breaking soon and it'll just put us more and more into a downward spiral. going into 2025 we will be in a bear market and throughout 2025 we will be trying to fight a spike of inflation which will scare the market and bring us down to 2022 highs and if shit hits the fan we will continue to see downside going into 2026. the battle against inflation isnt a quick fix and this will take time (a couple years) we will eventually recover but it wont be till we see the fed's inflation goal of 2% for a couple months of consistency that'll be our green light for ATH. I will be scaling into end of year shorts starting at $550, $560, and final $570 im not missing this opportunity with the stock market this overbought knowing that the dot plot forecasts higher inflation to come next year. Taking profits on the way down as more data comes out. Thank you for your time and i will be open to hearing others opinion.
AMEX:SPYShort
by bullishbrowsing