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Spyshort

respect the trend been a while since last plan that i had to cancel when trying to break daily resistance failed. since then i have noticed two more trends we seem to be in. the trend line in blue is the shorter term trend keeping eye on and past few day we failed to break above downtrend after failing to break daily resistance. i have short term target 0f 358 pivot. possible lower but will check price action once we reach this level. im expecting to touch bottom of trend with target of 338 next daily support. i know its alot of bullish ppl out thier right now so also watching for upside. if we manage to get over daily 375 resistance and break the 380 (2008/covid high trend line) i will consider that extremely bullish and will try run with first plan. chances of that happening is small in my book but anything possible with all the earning the next few weeks plus election and cpi week 1 in november i will be trading with extreme caution happy trading everyone
AMEX:SPYLong
by Dirty_Money88
SPY S&p 500 ETF and the Midterm ElectionsThe U.S. midterm elections will be held on Tuesday, Nov. 8, 2022. All 435 U.S. House seats and 34 of the 100 Senate seats are on the ballot. If you haven`t sold the high P/E ratio explained here: Then you should know that the Current S&P 500 PE Ratio is 18.10. Sill high in my opinion. Even though my Price Target for the end of the year is $338, i expect a short term rally before the Midterm Elections. Looking forward to read your opinion about it.
AMEX:SPYLong
by TopgOptions
15
Spy Massive Rising WedgeOver the years spy has traded between two trend lines that have formed a rising wedge. There's a possibility in the coming months to years we break the bottom support line and fall significantly. However, this is an observation from the 2 week time frame of the Spy chart. I'm currently short on spy until the bottom trend line near $295 to $300 is reached. We can possibly bounce there or break down and head lower. This is a 6-12 month play for swinging options puts.
AMEX:SPYShort
by MannyTman
2
SPY S&P 500 ETF game plan for this weekAfter last week`s rebound played perfectly: As well as the the Head and Shoulders Bearish Chart Pattern: For this week i have selected the 1h timeframe to understand better the possible movement. I believe that we will see a rebound once again at the beginning of this week after the speaks of Chicago FED Presidend and Vice Chair of FED on Monday and Cleveland FED President on Tuesday, but the market will close once again red on Friday, after the bank reports, where i think we will hear about revisions and recession incoming. Looking forward to read your opinion about it.
AMEX:SPYLong
by TopgOptions
5
Now's Our Time Bears!Mid July I posted my trade idea - and so far it's playing out to a T. A lot of my investor friends have been talking to me about how the market makes no sense and does the opposite of what "SHOULD" be expected. A slowing economy, war, inflation, rising interest rates, etc etc. Even our earnings season was bearish to slightly bullish for the most part. Although I'm preaching to the choir, this is why it's so important to watch the charts and have a fundamental understanding that everything works in waves, never a single direction. I'll also say that with our current fed giving us a clear path for what they plan to do in the future, the market OVER CORRECTS to price in the future. The market isn't efficient however, and that's how mediocre/slightly good news can send it skyrocketing the way it has the past 2 months. Anyway to the continued trade idea. Today was important because it solidified investors lack of confidence in the market. We should be on the lookout for the CPI and Jobs report coming soon, along with another fed rate decision. I'll also say I don't know what will cause the crash. I think it's pretty much impossible to call, but you don't need to know what it is, just that it'll eventually break. Still using 2000 and 2007 as the basis for a market crash, I've plotted out their remaining moves. Green is 2000 and Yellow is 2007. These moves include the percentage draw down for each "wave" along with the same exact time it took to get there. I expect a drawn down from now until October to around $365 which could rebound or continue falling into December. If there's no follow through crash February 2023, we might see a short lived rally that'll die June 2023. As mentioned in my previous post I have January SPY puts that are currently in the green and doubled down on todays confirmation.
AMEX:SPYShort
by PlayerNonZero
5
$SPY Can we go higher?Hi Traders - It's been a while since my last post and I figured I share this one with you guys. In the chart, I lay out the two most likely scenarios on each side of the trade. Personally, I believe there will be upward pressure here, because of the sheer amount of upside. However , we will have to see the overnight price action and pre-market before making an accurate judgement on which way we will move. Sincerely, Mike (UPRIGHT Trading) **PLEASE NOTE: the indicators at the bottom are for analysis**
AMEX:SPY
by UPRIGHTTrading
2
Have we locked in bottoms? Time for rip? Maybe notCheck out this buy zone I set up back in July, we bounced off the June 17th bottom, and just accelerated through the demand zone, but right before that is a supply zone (not pictured), also look at the volume difference from June to now. This push to the upside is weak, liquidity is draining out of the market, as soon as bad news comes, and it will, there will be hell to pay. Perhaps a more cynical way of looking at this might be that this is a pump before a dump This is a bear market, without good news, and a sustained rally the pumps are a false floor and good place to buy puts, or at least that's the plan for me
AMEX:SPYShort
by Definitelynotgoodatthis