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Spylong

Bearish monthly divergence on SPY Was looking at tech stocks and noticed some bearish divergence there on shorter term time frames. Checked SPY for any similarities and noticed this... I think its notable because its a long-term chart with multiple RSI peaks since 2018. If this holds true, one possible scenario is that SPY may hit either a double top, or slightly higher all time high this fall, then go into a serious down turn. Not saying it will happen, but its within the realm of possibility. Gotta watch the fed and what they do... News also... As its SPY we are talking about, it can certainly continue going up as it has for decades, but this is one scenario... Note, similar, but much lesser divergence occurred on SPY between May 2007 and October 2007 (lower RSI peaks and higher price points), resulting in downturn.
OANDA:SPX500USD
by LotzToLearn
$SPY Overview - July 21stSPY Market Breakdown - July 21st, 2020 Looking at the 2-Day chart of SPY, Major Divergence on the RSI Many trader think we've already seen the top, but we haven't even seen a retest of all-time high SPY prices yet. I'm thinking this red zone (marked distribution) is a good sell off zone, not only because it's the previous ATH price, but tops out because of the absence of buyers above there Trends tend to continue and currently we are on the path to retest ATH then from there we will re-evaluate. I expect the market to hit a new high around September-October , before the election , then the crash will begin to try and destroy the economy for the 2nd time. As always please do your own research, I am not a financial advisor.
AMEX:SPY
by kyer
2
SPY market internals: BULL until SEPT!These lines represent the plotted EMA angles of SPY(close, 100) and SPY(close, 200). What is interesting about the current cycle is that it is behaving exactly like the cycle from 2019 ---where the white line begins higher than the pink at the beginning. This pink line is nothing more than the (difference) between between the other lines. If things continue as they have in the past, I expect this market to run bullish until Sept-- which is approximately 100 days of green. It appears that 100 days (or 3 months) has been the holding period lately before everyone takes profit.
AMEX:SPYLong
by ZombieStar
$SPY New 52 Highs Towards Re-ElectionAfter watching the Fox interview with POTUS. He seems almost confident the market will be seeing all-time highs leading to November. The dollar ( DXY ) has been weakened, TVC:USOIL still getting bids, and TVC:TNX closed higher. The market has usually been used to manipulate the real economy, and with NYSE:AZN phase 1 data due tomorrow... this could be the catalyst to push higher. Warning: Anything can happen and this market is currently in a euphoric trance. But politics aside, the market is all this administration has.
AMEX:SPY
by HispanicHedge
SPY 340 Target by August 1stI think SPY has either a lot of room to go up after this last round of consolidation or it will lose support and drain out. I wouldn't bet against the SPY ETF or the American Economy so we must just keep up the march into the higher 300s. SPY has been showing strength here at these levels. Today we opened with a gap up into the 322 range after closing the previous session at 317. The last time we hit 325 we were rejected and spent two weeks retesting 300-305 range. I don't think that will happen again but the new phase of lockdowns has added more uncertainty to already uncertain times. Best of luck traders and go make money.
AMEX:SPY
by Kungfunerd
4
SPY fake sell off todayIf you look at the MACD from previous periods it looks like, comparing to previous MACD bull runs, we are just getting started. Todays sell of was definitely one to scare off the bulls but we are hitting resistance and going to recover if you look at the 4 hour MACD we are barely going to flip the MACD to bullish and the AO indicator is already showing signs of bullish movement Plus we still have to close the gap made right before the drop of Feb 19 around the $330 area IF there is a real sell off it might be when we hit the $330 level soon or around August doesnt seem like we are going down any further Bullish until Q3 and possible $400 SPY by EOY
AMEX:SPYLong
by mandujanotony31
6
SPY Call SignalSpy might breakout here soon and it has gaps to fill on the upside, very bullish here Target is 312, then 318, then possibly 322 I called this in the group chat at 309.58 The group chat is having a 20% sell for the 4th of july ( Use coupon code: "July4" ) and will go on until sunday the 5th. I would , love to see anyone who supports my posts join our group and make even more money with us as we grow richer and richer by the day: If your interested join through DMing me All you'll have to do is join the discord, then go to free chat room and type upgrade and set up your membership. And of course Direct message me with any questions you have!
AMEX:SPYLong
by GoEasyScoobs
11
🤔Going long or short on the S&P? Then watch these key levels👀The whole world has their eyes on the S&P500 using it as a gauge for what type of recovery we will be getting. The most important point on the chart is the 3,000~ area, this is acting as support on the 4-hour, daily and weekly. If a single level is acting as support on multiple time-frames, it’s an area being watched by EVERYONE, people are looking to go short on a break or long on a bounce. Monthly resistance is at the monthly all time high of 3,260~, we tested the area once and got rejected pretty sharply. In June support was tested 5 times, and survived. There are three ways I see the S&P playing out, I’ll start with bullish to bearish. Bull case (green line) – the bull case is that the S&P breaks through monthly resistance and goes on to make new highs, if it clearly broke the 3,260 area, any retest of the area would be a good time to go long. Neutral case (blue line) – currently the S&P500 is range bounding, it could carry on doing that for the next month between support and resistance. Bearish case (white line) – S&P breaks the major support level at 3,000 and goes to re-test the lows made in March. If it broke the 3,000, I’ll be looking to go short on an pull back to the 3,000 level. The 3,000 area is a great place for fake outs and traps, because it's on everybody's chart. just because the S&P goes below 3,000 does not mean it’s a single to go short, it has broken that area 5 times in June an pulled it back each time, trapping shorts. I would like to see a few daily candles closes below 3,000 or above 3,260~ before entering any long or short trading position, if I see a trading opportunity I'll post it later this month. Fear and greed are controlling the markets right now, with the FED keeping the S&P at these levels. News will be a major catalyst. Enjoy my idea? then be sure to give my account a follow as I cover all major markets including, gold, bitcoin, silver, Forex and stock markets. Have a question? Feel free to leave a comment, I aim to answer all questions :).
OANDA:SPX500USD
by BangkokCharts
$BA Earnings Option Play | WatchlistTechincal Analysis of $BA plus this week's option play. British Airways finally receives its first Boeing 787-10 months later than planned. What we are looking for: Retest of the previous channel resistance (blue downtrend) Breakout from $198 (Bullish Signal) Last but not least, to send BA to the moon ($234), we need to breakout from the fat orange downtrend. This play is intending for covid to not impact airlines. If covid makes a crazy breakout, we might see trouble for airlines. The Play: - BA ripped 14.4% today, which means contracts are worth 200%ish more than they were yesterday. In other words, we will aim to grab BA at the low of what looks to be next week or the week after. Play 1: - BA $232.5 call 7/24 This play is sitting up 114% on the day compared to the $230 strike below which is up 198% today. Once BA has a down day these premiums will get cut, giving us a buying opportunity. DotcomJack | Easy Loot Do Not Trade This!
NYSE:BA
by DotcomJack
14