Get started

Spyshort

SPYToday, we saw a massive sell-off after yesterday's massive rally, but there was an enormous volume at the end of the 15 minutes of the trading session. I see two scenarios tomorrow. Scenario 1- we might see a dump at the beginning and then upward correction in which the spy will touch the 417-418 area and then back down again. Scenario 2- We might see a sideway trend as well. 417-418 area, then back down to 410-411 area. I'm bearish here because the pump didn't last even for a day and nobody bought the dip today. I'm looking for a 340-360 area to go long.
AMEX:SPYShort
by UnknownUnicorn11669057
$SPY Key Levels, Analysis, & Targets $SPY Key Levels, Analysis, & Targets So today was just FUN…. I was expecting a rally today and we sure got a face ripper…. No surprises in the fed meeting so the market had a party. How did I play today? So we opened at 417 so I chose that as my call strike. I added a VWAP to that options chart which gave me a starting price of 3.28, which I cut in half giving me 1.64 so that is what I set my buy order to. It filled around 10:30 and I immediately set my sell order for a 50% profit and one hour later around 11:30 I closed that trade for a 50% profit (1.64——>2.46) X10 contracts. It was a small win (820), but I’m definitely sticking to small trades for now. Yes, the market rallied hard after that and I could have made a lot more, but I decided not to play the fed meeting. And profit is profit. I’m managing to hit that 50% quite regularly using this strategy so I’d rather be consistent then be upset that I didn’t make more. Now we are at a double resistance level at 429 (red arrow)… and ALSO right at the 200MA on the 30min chart which you can see has been quite a strong resistance, and also the 35EMA on the 4hr chart. If it does break above I can see perhaps a run up to 435-440 (right shoulder of H&S?) and if it gets rejected then a retest of 404 or even a possible attempt to fill that gap below… I’m taking this market 1 day at a time basically just scalping and day trading on the top contract which, again, I don’t really recommend if you’re still learning… if you’re still learning it’s better to wait for a confirmation of direction or trading much further out to improve your chances… There you have it… my entire thought process LOL… Hope this makes sense…. I don’t know, the more I stare into this chart the more I’m thinking puts tomorrow…. But let’s see how this opens, there is a little bit of room to the upside so I don’t want to be hasty…. Let me know your thoughts… I truly enjoyed playing the bullish side MTW, but I think It’s time to get back in puts…
AMEX:SPYShort
by SPYder_QQQueen_Trading
4
SPY: Expect the downtrend to continueIf the downtrend continues as we expect then we need to focus on the DOM C level as a potential target. If the markets were to 'gap up' on Monday it is our opinion those are triggers for going bearish into 'assumed strength' by the novice traders. We are heading for the May 2021 lows on SPY (aka ETF of SPX). NOTE: If this DOM C level is breached, then our position 'for the week' is to go reverse (bullish) with a close above the 394.82 as a weekly trade.
AMEX:SPYShort
by bsdvs23
SPY/SPX BARELY HANGING ONAMEX:SPY SP:SPX whats up guys hope everyone is having a good week. was having some technical difficulties earlier this week so wasn't able to post any updates so I decided to do a bit of a deep dive into SPY and take a look at all time frames. primarily at the daily and weekly. for the SPY I believe we must hold 415 for us to see any type of reversal to the upside. if we get a daily close below that level i think we could see accelerated selling all the way down to around the 400 level. i also go over the weekly chart for SPX and showed my short idea on the weekly which so far is playing out nicely. in that analysis you can see the long term price target for the downside correction is around 3500 short term i could see a reversal to the upside as long as earnings are decent which so far they have been imo. when deciding if im bearish or bullish...i am seeing more bearish tendencies in the market than bullish tendencies so i am going to have to continue with the short idea. specifically for the weekly. let me know what you guys think. exciting market conditions if you ask me. thanks everyone! happy trading mindset matters
AMEX:SPYShort
by MindsetTrad3r
3
$SPX $SPY got SLAPPED by the 200 MA $SPX got SLAPPED by the 200 MA That's it. That's the post... --------- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
SP:SPX
by SPYder_QQQueen_Trading
6
Spy heading to 465.. . then 470...As I have been stating for a while, it it not a BEAR market. I expect Monday to be a Green day and a GREEN week. I will not be surprised if it gaps up on Monday. There is a resistance at 445 range but it will break through. We will see 470 before we see 420s..but first we will touch 465 first.. One step at a time.. The stock market moves are not logical. If it was, it won't be at this price right now. So the employment reports, inflation, UKraine crisis, Covid, etc.. is all irrelevant. Only thing it matters is PRICE action. ________________________________________________________________ Are you being led by Jesus or you? Bible says only if you are led by Jesus, you are a Christian. If you are not, I recommend you get baptized with the holy spirit. Holy spirit is Jesus. Romans 8 14 New International Version For those who are led by the Spirit of Jesus are the children of God.
AMEX:SPYLong
by Jonniefriday206
16
Heading toward 470.The chart shows it is still bullish if you look at it from larger time frame. The resistance area has been drawn to indicate where it might fall before it needs to shoot up. It has been numbered to show the path where the Target price might hit. This is future prediction which can change. If you are trading swing options, you should be buying options 4 to 6 months until expiration so your time decay does not get eaten up. John 13 35 By this everyone will know that you are Christian, if you love one another.”
AMEX:SPYLong
by Jonniefriday206
12