Spyoptions
S&P 500 at Strong Resistance, Short Trade Setup for SPXSSPY is trading at a key resistance level, the white resistance line that has consistently provided strong rejections for the S&P 500. I am taking a short trade setup by going long on SPXS.
Price targets:
- Red support zone between $469 and $477
- Red trendline around $433 (price increases over time since the trendline is sloped upwards).
$SPY Weekly Price TargetsBased off Price Action, the next 2 weeks will determine if we will see new ATH or fill previous Order Blocks (OB).
Currently, we are in an Uptrend with the continuation from Oct. 10th ~$360 Demand. We had a clean break through the OB created on the week of Aug. 22nd. Which lead us to fill the Apr. 4th OB.
We could potentially see a continuation to ATH or a pullback to the $437 FVG with a reversal towards ATH.
If we fail to break through the current OB or the previous ATH we could see a sell off leading to the closing of previous OB's on, Mar. 13th ~$386 & Oct. 10th ~360.
SPY analysisSpy report for Monday
Pushing or opening above 391.49 will go to 394.73 if the price closes above 394.73 prices will shoot to 402.79
breaking 385.26 prices will shoot to 379.58 and closing below 379.58 prices can reach 368.29
closing under 363.94 market will collapse that is IF WE DO
then we are looking @ 290 to 295 on SPY for Final Target.
Moving Average Method SPY OptionsSimple to use on the 15 minute to Daily chart. When the Emas cross with green on the top buy calls within $2 strike. When cross with red on the top buy puts within $2 strike. Bottom Mac'd Ema difference should also be same color as top Ema. Green/Green or Red/Red. Any light blue line Ema or Sma can be support or resistance so be prepared to sell. Buy time never buy contracts that expire that day. Greeks will burn you. Support and resistance are the green and red stripes across the chart(also sell or buy points. Ideally enter on the 5 minute chart then switch to the 15 minute or half hour chart to eliminate noise. Bars on far right are volume shelves, the ones that stick out furthest left are also support and resistance spots. Happy trading.
SPY - Price Targets & Stop Loss📈 What’s up investors! 📉
Welcome back to another one of
💡“Mike’s Ideas”.💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
⚪ White = Entry Point
🔴 Red = Stop Loss
🟢 Green = 1.2:1 Risk Reward Ratio
🟡 Yellow = 1.5:1 Risk Reward Ratio
🔵 Blue = 2:1 Risk Reward Ratio
👀 So what are we looking at today…!!!
🚨( SPY ) SPDR S&P 500 ETF Trust🚨
The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
SPX 2023 Trade idea...Simply follow the supertrend indicator for SPX quarterly ITM calls/puts at the given buy/sell signals. Follow the volume on larger time frames. Use any profit to first pay off 2022 debts then start building a diverse ETF portfolio with high dividend yields. 80% of portfolio going into equities 20% used for options.
$SPY 1D Outlook$SPY 1D is displaying relative weakness after rejecting the 0.5 retracement level at 401.38. If bulls fail to reclaim that level and bears successfully close a daily candle below 389.87 (0.236 weekly retracement) then we would expect to see selling pressure increase and possibly sweep the lows again. Monitoring it closely along with movement in oil prices heading into September's FOMC meeting towards the end of the month.
$SPY bulls in charge? maybe for now..$SPY momentum has been strong for the past few weeks. after the market switched gears to the upside after the government lifted off the covid restrictions this summer, and ok earnings in some of the big tech stocks couple weeks ago. i believe after the restrictions got lifted off, it helped the economy to get back on its feet. but despite the covid restriction being lit off, it created massive supply chain issues, and inflation. this is due to massive back log of the supplies that didn't get sold in the past 2 years because of the covid. Also, small businesses try to make up for the loss of profits during the pandemic.
here's my day trade price target for SPY on FRIDAY 08/15/22.
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For calls; buy above $429.17 and sell at 431.28 or above
For puts, buy below 426.49 and sell at 424.17 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
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SPYGAMEPLAN FOR FRIDAY, MAY 20,2022
Today was just a sideways trend. If the light uptrend breaks, tomorrow's market is seeing new lows.
Keep in mind if you are an options trader, don't try to hold anything. Just scalp and swing them/ Market makers are doing their best to decrease the premium by trading the market sideways.
A break above 396 is bullish, and a break below 395 is bearish.
SPYGameplan for May 17, 2022
Spy did hit resistance and support all day with a small ascending triangle in mid-session, then got rejected on resistance. At the end of the session, the spy broke the uptrend line but still needs support to break so we can short it.
We will see what happens tomorrow. For now, observe, and there can be two scenarios because when sideways is a trend, make sure to watch and then play when it breaks. If it breaks, resistance go long and breaks support will go short.
SPYGAME PLAN FOR MAY 16,2022
Spy's significant resistance level, for now, is 403.50. Make sure to observe the market from 7:00 am till 9:45 am EST. There are two scenarios for now.
The first scenario is that if the resistance level gets destroyed, wait for the candle wick to come back at the resistance area from that point to go long to 410 -415 level.
The second scenario is that if the spy gets rejected from the resistance level and then the support area is 397.00 area if that gets destroyed as well, then short spy to 385 area.