SPY Bull Cases For Me If Secular Uptrend ContinuesHere’s some arguments and trend levels for SPY if this market continues. You can see from the pink lines where we ultimately traded sideways for a number of years before starting this bull market. As it continues, if it does not end before 2022, here are my levels
Spylong
SPY - Uptrend to NeutralI think Spy would go up next week. You may see some downward movement on Monday as I see in the squeezemmetrics (squeezemetrics.com) Upsurge in coronovirus cases can bring investors to pull the rug. I really believe this market is good for short term traders since there has not yet been a confirmed uptrend in SPY.
These are my own analysis and not a confirmation of price movements! Please do your own research and due diligence!
Watch SPY - MondayHello Everyone,
I think SPY needs to break the resistance at 350.97 for the market to go up. If you see VPVR, you can find more sell orders at 351 to 354 (yellow is sell and blue is buy). I think orders will change to buy and this will break but keep an eye out on Monday.
Shoutout to @thetradingguy and @Luxalgo for great indicators.
Indicators used -
MACD
RSI
S/R by thetradingguy
percentile (yellow line) by LuxAlgo
22EMA
55EMA
SPY - Main s/r zones analysisHello traders,
Description of the analysis:
SPDR S&P 500 ETF TRUST ( SPY ) support zones ideal for timing long positions (gray). A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair prices by volume. Please be careful during the election campaign and election. There can be higher volatility. I personally stand outside the markets with new positions.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
The CBOE Market Volatility index (VIX) The CBOE Market Volatility index (VIX) rose for the eighth time in nine sessions, and was last up 2.8%.
SPY500 SENTIMENT IS PUSHING SPY HIGHER.
TREND FOLLOWING IS KEY..
WINNING ATTITUDE...
SPY/ES/SPX/US500: analysis until 11/NOV/2020Hi !
all the deep analysis is done and behind now.
the active period for analysis is until 11/NOV/2020.
all sums into RED line not getting daily close under it @ 337.50 (SPY price module), the BLUE line is target for impulsive move uP which I expect to start happening early the coming week.
I repeat, it is applicable to the time window ending 11/NOV/2020
in case you want to know my levels for the coming week/s, feel free to contact me and ask for the instruments/markets you would like to have.
as always,
good luck !
Bearish sentiment is bullishI keep seeing negative sentiment time and time again, because the index doesn't fit people's worldview. Yes the rich are having a party but you have to understand what's in the index. You can't short good valuable companies and all those companies have a bright future ahead of them, especially in this environment. I keep seeing article after article to sell, here too with people wanting to be Bill Ackman. The rich have a ton of money in Bonds (100trillion), they have 21 trillion in cash, and the stock market is at 35 trillion with no where else to place your cash. It is better to down cost average then trying to time the market on speculative short term downtrends. The only thing that matters is the list of most valuable companies and I do think Apple deserves to be on top of that list right now. You can scream overvalued all you want but it is overvalued for a reason. There is no bubble to burst right now. If spy was at 1000, I would be screaming sell right now but it is not there yet.
S&P500 New ATH and a Correction for Christmas!? Will we see it play like this, conveniently right up the middle parallel channel of the big trend?
Will we see new all time highs as soon as early November?
With a nice Christmas correction like we're all used to by now?
Lets do it!!!!
#NASDAQ35000hat #S&P500hat
Rocky Roads Ahead for SPXFor every one that wants a quick analysis. Basically, SPX is going to be bouncing in this 3400-3205 range for a little while. I believe that we are entering into a consolidation period before a big move. To early to tell which way it is going to go.
For everyone that wants a more detailed analysis here it is. SPX broke through its major support line, the grey line on the graph, which then made the pink line the new support. However, it broke through that new support which created a nice price channel, represented in purple, which was somewhat quickly broken through. The break through was very bullish. As seen it was a big gap up and closed very green. However, since then it has been fighting the new support, now resistance, and the 50 MA. On top of that we also have a strong resistance area at 3400. Now today we tested getting over that pink line resistance, the 50 MA, and almost tested 3400 but it failed. This in my opinion is not a great sign. I'd put my money on a pretty bearish day tomorrow. We are going to stay in this new horizontal price channel, represented by green, for possibly up to a few weeks if there is no clean break out soon. I'd expect it to be very consolidated unless some miraculous news comes out. If you are trading keeps those stop losses tight.
Happy trading
S&P500 Market AnalysisAfter the big impulse move on Monday, S&P500 broke the daily structure to the upside for the first time since the start of September.
We bounced from 100-DMA with a short-trap, which builds up our idea for a long setup.
The most favorable entry price can be found around the POC of the HVN we are currently trading in, which is around 3244.
If the price reaches the level before running to the high of the HVN at 3400, we can consider taking this long.
Acceptance below Friday's low will open the door to much lower prices with key areas of interest at 3107 that is HVN POC and 200-DMA and 3000 that represents a big figure, yearly VWAP, and bottom of the HVN.
S&P500 STRUCTURE LONG|
SPY AT LOCAL SUPPORT| BOUNCE UP LIKELY
(1) It is not a particularly strong level
(2) But a mild bounce up might happen
(3) Pre-market signals there wont be a gap down opening, which is promising
(4) Go long and monitor price action, narrow SL
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