SPY Stock Analysis - Day Short Term Bullish Pull Back Feb 15thTraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you.
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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 TUESday February .
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BEARISH ALT COUNT DIA I HAVE JUST SOLD out of All long calls and now moved to a 100 %net short based on this wave structure . moved into sept 365 dia puts at 26.25 .If this count is what it is then we should not see the dow break the low of jan 27 and this would take the sp and qqq to new lows sp 4138/3980 qqq 321/316
BEAUTIFUL Cup and HAndle on SPYWell, looking at ES on a 30 minute time frame, right off the bat I see a nice Cup n Handle forming. Where right now we are forming the handle and are looking for a strong breakout to the upside. If this can hold valid, im expecting ATLEAST 4763 on ES. I think that is about 484 on SPY. We will atleast see a nice gap fill to 465 (labeled in the yellow box) That is probably the best bullish sentiment I see right now for SPY/ES this week!
SPX Continues Rally This Week (atleast)Please don't listen to me. I have no actual formal financial training. I only got into this as a hobby. My training is in medicine and I'm much better at reading EKGs than predicting the future market.
I do however enjoy reading candlesticks and believe the emotional component behind them can say a lot.
Using this to keep a log of my thoughts. My belief is SP500 closes higher this next week solely off this weeks candle and believing that greed drives the market more often than fear.
My target is 4500 and I will be waiting for an entry on Monday below 4400 but above 4310. After that I'm uncertain if it will go down lower or continue the rally. I believe in strong candlesticks and will continue to believe in long if the price action shows a strong upward trend this week.
$SPY gets back to $450, now what? We have been looking for $SPY to get back to $450, provided it could clear the 200-day moving average.
It has been pretty much rangebound between 430 and 440 -- roughly speaking -- and once it cleared the latter, $450 was the upside target. It's not just the 50% retracement, but back into the December lows.
From here, we'll have to navigate. another push higher could put the 61.8% retracement, 21-day and volume-based VWAP in play. If we fail here, last week's high near $444 and the 10-day moving average are in play.
Short term bounce, that's itWe have been getting a consistent Faithful down trend since 2018 well actually since 2015 it just got faked out and came right back in line. With that in mind it'd be wise to assume we'll just continue till the stock possibly reach single digits.
1. With the pandemic, travel has been affected as such airlines can't get the customers to sell their products to in which they get the most of their revenues from.
2. With monetary tightening or interest rate hikes. This will further be tapered as we receive a hawkish fed's response to the economy.
Buy the rip in this one and sell afterwards.
SPY correction is overThe FUD induced sell off has come to a finish. The SPY showed that the 300 MA is a respected level of support by bouncing off of it Monday. This was followed by 3 inside bars. Multiple inside bars indicate consolidation, a close above that range in a downtrend indicates a trend reversal. A break below that range in downtrend would indicate continuation. The SPY had a strong day rally to close out the day that emphatically showed the downtrend is over. I expect a gap up over the 200 MA Monday morning and a push back to $450. QQQ has a similar setup although less bullish.
SPY reversal formingSPY daily fib levels holding very well. 4 hour as you can see a bullish divergence is forming, and 4hr bear volume is decreasing as bull volume is increasing. I'm expecting a reversal to the upside by Friday entering next week. Feel free to criticize or educate me on anything additional.
SPY: Bouncing between the 50 + 100D EMASPY bouncing between the 50D above and the 100D below. Will most likely stay that way this week. Safer players will wait until $460 or $64.72 trades to make a decision on what to play. Playing in the middle won't net much gain for SPY players.
If you play SPX or ES_F you can play the middle IMO.
SPY Super Predictable.Hello Traders,
It's been awhile since I've shared with the class, so I figured I'd give a little Christmas treat.
In Dec., SPY has been extremely predictable so far. Those trendlines (the 2 red and 2 long green and blue), those were drawn around the 6th. As you can see, the PA has been very true to the trend.
Now, this is where it gets a little more exciting. IF TODAY CLOSES ABOVE THE NECKLINE, which happens to be the trendline, or one of the upcoming days... There is a potential IH&S (inverse head & shoulders aka H&S bottom).
I realize that is a little tight with that right shoulder only a point or so away from the bottom of the head, but technically it still applies. Since it is I would guess that this means there could be more Throwback (moves down before up) and this would hurt post breakout performance.
Note: this IHS could totally wipe since it's unconfirmed so far. Also, the target is not a prediction of date, could happen sooner, could happen later. The other wrench is the throwback, if we see a lot of it, the target will significantly be reduced. Even if we decide it's not going to be a IHS it's still an (Eve & Adam) double bottom with a fast reversal on the Adam side, so bullish either way.
With all that said, I think we are looking at a nice little melt up to end the year and pending any crazy news, we should also have a pretty bullish January. So move all of your doomsday predictions out at least a month bears.
Good luck and Merry Christmas.
Sincerely,
Mike
****Be sure to Like, Follow, Support****
Buy the bounce on the EMA 50Since february 2020 a green candle has been seen round 16 times on the top of the EMA50.
For 13 times out of 16 SPY took +2.62% in the next 5 days. Sometimes much more on a longer period.
In order to trade this pattern the best is to buy at the closing, and to put a close stop loss (something round 0.3%...).
This kind of stop loss worked 12 times out of 13...
The Risk/Reward is here very high....
I put a 4x leverage, and I bought IBUS500 at 4711 (stop-loss round 4697 (= -0.36%) ).
Yesterday SPY bounced on the support, it was also a good idea to play it. Hope you done it.
For the Nasdaq100 it widely crossed the support, and then came back.
The best option was to wait the bounce, in order to avoid this whipsaw. Some bulls has been caught by their stop-loss.
Hope you like this idea, I would be happy to talk about it.
Critical levels for spyKeeping an eye to see if we bounce at the top of the red channel and retest the bottom of it, or if we we break the trend and test the next resistance levels. You can see in the green channel, bigger picture we filled the gap to the downside so I’m looking for confirmation on continuation but there is a lot of bearish divergence I’m seeing with this one. I am newb tho
$SPY last rally of the year?$SPY continuing its last rally of the year. but starts to show its weakness in smaller time frame chart. the weakness can be visibly shows in smaller time frames showing the momentum
of SPY start to curl down and volume of buyers starts to slowdown. respectably, although the it start to show some weaknesses doesn't mean its going to pull back. the stock is still
above the ema line. once we crossed that line in 1hr and 4hr time frame. that's probably our signals for the possible pull back. as of what happened yesterday SPY is just consolidating.
day trade and scalp play target.
buy call above 478.65-479 sell at 480+
buy puts below 475.68 sell at 474.50 or below
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