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Spylong

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!
NYSE:TWTRLong
by DeepGreen
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
AMEX:SPYLong
by itsQure
Bonds Vs SPYThink like a billionaire. Right now it's either 10 year bond or the S&P500. The 10 year treasury rate is a measly 0.63% and most billionaires are already heavy in bonds, and right now the market is over hedged (puts). That Economist article opened my eyes. Why wouldn't you just buy SPY and risk some capital when bonds are so low. Everyone is already a bear and think the market should go down, including me but the bond market is bigger than the stock market and billionaires are sort of forced to go and buy stocks along with unemployed people who are getting free money not working. Cash is trash, anything is better. Maybe this is the top since its converting bears like me lol but just follow the trend and it will work out.
SP:SPXLong
by carlos5577
6
S&P (SPX500USD): Make this Money Printer Go Brrr!✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Let's see if that money printer can make it rain friends! Today we are looking to see if the uptrend can continue with the S&P (SPY, SPX, SPX500USD, etc). Longing the uptrend in equities has been profitable recently, let's assume that trend continues and talk about entries, exits, and key levels. --- 1. S&P is currently in an uptrend within a channel as illustrated on the chart. We recently saw a reaction off the bottom of the channel which produced a long signal. 2. With the strategy in use we want to go long ONLY when Fractal Trend signals an uptrend (Green background color) AND Breakaway Scalper then signals an uptrend (Green bar color). 3. With a long signal having been recently produced, we are watching R1 and R2 for reactions. If rejected at R1 we will watch for a retest of the trend line or even a trip down to S1. If price can get past R1, then the levels to watch above are R2 and R3. 4. If the uptrend channel is broken, S1 and S2 are the next levels to watch for support. 5. Regardless of which way the price goes, we will be using the built in trailing stop on Breakaway Scalper to reduce risk and lock in profits if we move to the upside.
OANDA:SPX500USD
by AlphaBotSystem
Daily Review: ZM, SNAP and SPYToday, U.S. markets ended flat despite starting off the session on a positive note. Although the close was bearish, could there be a bullish case hidden? Let's see what we can find assessing ZM, SNAP, and SPY. Bull Market in the Cards? We begin today with possibly the strongest performing stock of the day, Zoom. As you can see, Zoom is obliterating its previous high. The Momentum is clearly behind Zoom and on RSI, you could see that Zoom has respected its RSI 'bull market' support level. There is no denying Zoom can continue to push new highs as long as its product is in demand. With second and even third waves of COVID-19 possible. Is it impossible to think a vast majority of the Global workforce works from home? Still, I would be cautious buying these levels. Bias: Bullish . I won't lie, I am not a fan of Snapchat and I'll will save my reasons for another day. However, the chart though...wow. Full disclosure, I missed this one. I should have posted yesterday warning not to buy just yet, but if you hadn't picked it up by now my bias is bullish. The SNAP chart has two BIG things going with it. First, the obvious 151-week inverse head and shoulder. The measured target of which is $35. The second is that we have a clear Elliott wave 1 and 2 established as seen by the count. The wave 2 especially, retraced into the 0.618 fibonacci, a popular retracement level. In combination with expanding volume, SNAP could be in the beginning of the strongest wave, 3. First target is around $40. Overall, there is not very much to dislike about the SNAP chart. Bias: Bullish . Uncertainty Despite the market going on an unprecedented rally off the March lows there is a reason to be concerned going into the weekend. Today, the markets did not follow through on a promising start to the morning. I mentioned yesterday that I would be a buyer of the dip. Today, I am not so certain I would be anymore. Above is the weekly view of the SPY. This week it is turning out to be an inside bar, trading within the high and low of the previous week. What's that tell me? Uncertainty. It's no surprise. With States deliberating the next steps on how to handle the re-opening of the their economies there is uncertainty and caution abound. Bulls should do the same. Not shown here, but on the daily charts of the major indexes, the first lower highs have been established. Bias: Bearish . Just over 30% off the lows, it is not ill conceived that the markets pull back a bit here (or a lot). Tomorrow's weekly close will provide a lot of insight on how to trade next week. I will review Ethereum and Bitcoin going into the weekend, as I do suspect some trickery to take place while futures markets are closed over the weekend.
AMEX:SPY
by DailyClose
7
$SPY What if (Bear and Bull Case) another COVID Optimism Bounce?Please do your DD. From my last SPY idea, we are in the bear/bull trap zone and where we go next is anyone's guess (Most likely down). We could be consolidating here to move higher one more time or gaining momentum for a downward spiral. We may have Gilead's and Roche's official news soon so we have to be prepared for a short squeeze. Also I am looking at the IWM and it hasn't reached its .50 retracement so that is unclear what that is going to to do so please be careful either way.
AMEX:SPY
by UnknownUnicorn3272672
Daily Review: ETH, IWM, and SPYNo fireworks followed the close as there was little follow through on the gap up this morning in U.S. markets. The cryptocurrency markets, on the other hand experienced some relief led by Ethereum and that is where we begin. Here is a 4-hour chart of ETH/USD. As in stands, Ethereum is within a rising wedge patter. If you follow Elliott wave, this type of wedge may be categorized as an ending diagonal due to the overlapping of waves. The month of April has been about all markets being in lock step. The chart below is the correlation coefficient of Ethereum and the SPY, the S&P 500 ETF. With resistance approaching for Ethereum could cryptocurrency give us a heads up when U.S. markets top? Below is a chart of the IWM, the Russell 2000 ETF. Unlike Ethereum, the IWM has not broken out yet. Though, I think it may be close. Since April 13, the IWM has been consolidating in a bull flag pattern with a measured target of $128.59. End of week rally incoming? Below is a 1-hour chart of SPY. The at the closing bell the one-hour chart presented with a bearish shooting star. Any reversal at the open tomorrow may be worth buying with stops at $272.14, which marks yesterday's low. If the it is taken out, it would invalidate continuation to the upside in my view. The broad markets have been in lock step for what seems to be the entire month of April. As long as this pattern continues we can continue to lean on market leaders such as Ethereum as an indicator of the impending end of this historic rally.
AMEX:SPYLong
by DailyClose
SPYSold off into demand today but ultimately held an important level at 271. I liked the price action today consolidating in this demand zone and I still think we can push up to complete the overall structure of this relief rally. Tomorrow I will be watching where we open. If we bid up at open, I will watch the 275 level; if we bid up and consolidate around 275, I will look for a retrace back to demand and for it to make a higher low. If this is the case, I think this will confirm that we can be in a wave 3 up (green numbers). A retrace can represent a 1 - 2 wave for the 5 micro waves that make up wave 3 (micro waves in yellow). If we open down and make a lower low, the key price is 271 that needs to hold. Below this and we can see some downside action quick, likely invalidating this count. Again, this is why I wait for the set ups to establish first rather then trade assuming for the set up. If we break down, I think 265 is next level (268; 265; 260). Game Plan: we hold and bid up at open, will trade based on this count. We open lower, going to sit and watch to see potential pivot.
AMEX:SPY
by PT_Marche
2
SPYThink we need a 277 if we want to see a 292. Then again, a vaccine announcement can do pretty much whatever it wants to wreak havoc on market charts! I’ve mentioned in other posts that I don’t like to trade retracements. As we can see, they can really start to morph into many different patterns and it can cause a lot of frustration. When I do trade within these retrace zones, they are only quick day trade scalps. With that being said. In order for me to enter a good long position, I want to see price pick up some buyers around the 277 area. There is plenty of demand and a lot of consolidation there so I think a good base can be built there to finally - hopefully - start a 5 wave move upward to 288 / 292. Also, as I’ve mentioned, above 288.51 is big cautious zone for me, so if holding any longs, grabbing a put to hedge probably isn’t a bad idea. Game Plan: watch to make entry long around 277; invalidation low is 275 and caution high is 288. IF price never gets down there for a long, I will be sitting back and watching.
AMEX:SPY
by PT_Marche