SPY - Bouncing from the channel & Demand ZoneAMEX:SPY is clearly taking support near the uptrend channel lows & from the supply turned demand zones.
Spylong
Support is at 280 ish SPY SPXThe 14% pullback projection seen in the above is derived from the ratio of change seen in 2018.
This thesis is based on the following: If 2018 was the beginning of a megaphone type corrective move, then the % change will be of greater magnitude; however, the ratio's expressed as % change should be statistically similar.
During the corrective moves in 2018, we saw; first, a 20% decline followed by a 25% rally followed by a 7% retracement.
Today, we have experienced a 35% decline, followed by a 47.5% rally.
Is there going to be a Pull Back? Yes, we have seen that this week.
How large of a pullback from recent highs will it be? My expectation; 14%.
20% to 35% is a ratio of 1.75, while 25% to 47.5% is a ratio of 1.85. So, if this corrective move is in similar terms to what happened in 2018 in terms of MATH, then I expect a total pullback of around 13.7% - 14.85% from recent highs.
Will we retest lows? No, I do not believe so.
14% off of recent highs is around 282 - 280. Coincidentally, this is right near the 700sma red line.
Please note this will probably happen after quadruple witching next week.
*Just some guy/girl/they 's thoughts*
Cheers
-Andimolz
//Logic Reference
slow_sma = sma(src, 700)
fast_sma = sma(src, 14)
standard_sma = sma(src, 90)
//slow_ema = ema(src, 700)
//fast_ema = ema(src, 14)
standard_ema = ema(src, 90)
Is the S&P 500 Just a Broadening Wedge? - My Thoughts on Why.All,
I think the demand zone pops, distribution levels and levels make sense to back this. The reason I bring it up is that it makes the SPX/SPY slight more predictable in my opinion. I think we had broken the wedge at the top, coming back down for retest and the market / virus happened. Don't get me wrong saying the market would need to correct. I just don't know it would have been then. Thoughts?
Moving Averages 90 and 700 most accurate indicator the resistance is 700 moving average
in price of 300, the next week go 320 bullish
More upside for SPY minisNo stopping this, I expect Mini getting close to All time highs.. indicators are strong and very trendy and respecting channel. Buy the dips as usual
VIX & S&P500 Index (SPX) Bullish SentimentHey guys. My analysis on why VIX had to go green today. Normally, SPX has been trading in a steady trend, not upsetting the VIX and keeping VIX in a steady downtrend, while SPX stays green and VIX stays red. But on the daily VIX timeframe, you can see the gap that needs to be filled under $22.00 - and it will, soon.
The next daily candle on VIX, if red, would have entered that last low $22.00 candle. This will take us back up to SPX ATH's and potentially double top and end this market rally for good. They don't want this to happen quite yet, so to not allow VIX to enter that $22.00 candle they NEED to create volatility - to the downside. I believe we will see a series of red SPX days to push VIX back into green territory and away from that $22.00 candle low, as that gap will signal the end of this bull run. They don't want that yet. Imo, anything under the $18.00 VIX can and will be the end of this bull market, at any time. Ideally, they'll drop the hammer at VIX $12 level, but that will ONLY mean new SPX ATH's of 3600-4000+, but stay with me here.
VIX was at $16.00 - $17.00 levels when they decided to end the last bull run. If they take VIX back to $12.00 - $13.00 level we will need to see VIX drop by roughly 24%. If I take VIX $17.00 x 24% (.24), I get $4.08. $17.00 - $4.08 = $12.92 VIX (Roughly where I think the top could be).
So taking that VIX price % (24%) and relating it to the ATH of SPX (3390), 3390 x 1.24 = a rough maximum of SPX 4203, or SPY $420.
I see this maximum bull market lasting until no longer than the first or second week of August, maximum.
-MoneyProphet on Twitter
SPY topThe top on the SPY is ALMOST near while most are shorting it at these levels. Seems like a gap fill (325.85-332.58) indicated on chart will occur before any reversal. Also the time frame could be between the 9th of June and 16th.
SPY 4K. The bulls (FED) were right.Please do you DD and invest wisely.
The market has broken all resistance to the upside since the last lows in March.
The Fed clearly held the market up and seem to have held it up long enough to cause FOMO in retail investors.
From a technical point, I think we are now headed to new all time high.
I am predicting this will happen by November of this year so I will take my long positions carefully with aggressive stop loss going to November.
On to the NEXT ChannelQuite buillish still, this time it rises over a long resistance line channel.
This is going to burn many shorts. The short interest is surpriosingly still high with many jumping on this on the Riot news.
This is the same thing that happend with Oil except in reverse.
Long
SPY 297.50 target$SPY to possibly breathe to 297.50 to rope in shorts (and squeeze bulls).
Green niner on both the daily and $ES.
The previous green niner on $SPY allowed us to retrace ~5%- if this were to happen again it would place the $SPY at 286- however I see this highly unlikely given the major psychological level at 300 and recent 200-day MA break.
Could be wrong of course, *not investment advice.
From there will look to go long.
SPY FUTURE INVERSE HEAD AND SHOULDERSCurrently looking for a healthy pull back before a big rally. Adding some OTM June calls and scaling from breakeven puts (weekly).
Fundementals, The Election, The Fed, Bonds and the ProphecySo Everyone is bearish and for good reason; Unemployment and fundamentals loom over this market but everyone forgets the Bond market and the FED who are pushed by the republicans and Donald Trump, above anyone else, to push the stock market higher. They are pushing the bond guys to buy this market and are printing all the cash necessary to keep it going (stimulus checks and loans). There is also that Simpson's prophesy looming in the background about how DT is going to bankrupt the US which may actually play out. So what if this is how it happens because what's the alternative, the stock market does what the least likely is going to happen and right now it either goes sideways forever or it goes up. Going down with all this cash floating around seems unlikely but it can happen and many bears have tried believe me. So I see a stock market bubble forming, at least for a short period of time. I do see another crash but only after things actually look grim again like a second big wave in November but right now it is fated to keep going up because of these factors in play.
PS: Maybe this is the Top.
SPX - Out of Gas or Full Tank? 20/50/200MA or Topped Out?SPX is in a VERY interesting spot here. Be careful trading and always check S&P pre market and news before entering new trades.
LONG TWTR - Second chance entryKeep your trading simple 🚀🚀🚀
Bull Swing
T1 = minimum risk reward 1:1
Bullish Long Term - After closing profits on the first trade on TWTR now we have anther trading opportunity!
Long term target $38 - Closing gap.
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
For maximizing your profits you can use Options.
Not a financial advise just my view - trade smart trade safe.
Follow me to support my work, Thanks!
MASSIVE LONG OPPORTUNITY The Fed is printing money like crazy and while the job market is posting 30 million jobless claims the mkt is going up.
That means that the feedback loop between the real economy and the mkt is broken and that the central bank is indirectly buying the mkt by junk bond purchases.
To hell with fundamentals
If the mkt is not falling now it won't fall at all
Long!!!!!!
Possible Trend Lines that Bears and Bulls Can Agree OnFirst off I was going to make this a private idea because it is long term.. and if you follow me then you know I DO NOT like long term predictions. Intra-day clues and signs are much more valuable to traders like me, but today's end was so crazy I thought it might be a move that is following a longer term trend. It definitely made me go "hmm".
What Happened:
Listed are trend lines that I think are possibilities. It is NOT a coincidence that we ended near the gap from last week... there are no coincidences in the market. This fits within a softer trend upwards.
So Where to Now?
From here we could get a bounce up (I like 288 pushing towards 292) or further down if we wish to test some important values. 283 right off the top of my head would be the next move, but there is still room further down if the market so desires.
Bullish or Bearish?
We should remain bullish on SPY until we close daily below the 20 period moving average. Now this does not mean that I am bullish every trading day, but on the grand scheme of things yes. Tomorrow I would say that a gap up is very possible but watch the Asian markets for an idea of what's to come. Could be up, down, sideways.. who knows!
Please comment comment comment.. I can never have too much input on my ideas!! Also check out my previous ideas to see that I am a pretty good trader. I called this down movement today and I plan to forecast what's coming next as well. So give me a like and follow :D
Next ResistanceMy last SPY call went perfect. Market keeps moving the counter of expected. I shall behave and follow the market... Long SVXY
Graph should be sell explanatory. Short-term test of that resistance. Long-Term is Iffy
