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SPY The Bears are Back in Action!!Happy Sunday! Let's breakdown what happened this week with SPY and what I think will play out this week: -We filled the gap -Twice SPY retested the 200ema level @ $450.00 before moving back down -Strength moved from bulls to bears once this happened -On a 5minute chart the last 10minutes before the end of Fridays session we finally closed below the 200ema level signalling the bears are back! Next week: -Break of my support level @ $447.00 -We head down to test the low of the week @ $443.50 -Depending on the strength of bearish momentum I can see us heading to $440.00 which is another key level of support I have and we would be making a lower low -If bulls come back and somehow buying pressure is refuelled and we break $450.00 then SPY can easily head to my next resistance level of $454.00. However note that on the hourly chart we're clearly in a downward channel making lower highs so a move to $454.00 would still be overall bearish Have a great trading week everyone and please feel free to share your opinions in the comments :)
AMEX:SPYShort
by ScalperSteph
4/3 - Is Going to be a GREEN WEEK ..Hitting toward 470s..Now it has stopped to refill the Gas tank, ... It is going to test ATH... I was hoping for a pullback this week so I can cash out my CALL position last week but due to pullback last week, I will be cashing out my call position this week since my CALL expiration is coming up... . If you are shorting, I recommend you cash out your PUT position on Monday ASAP... or you will lose more money as days go by.. The BOTTOM has already hit few weeks ago so you are not going back.. )))))))))))))))))))))))))))))))))))))))))))))))))))))) Hebrews 13:5 ESV Keep your life free from love of money, and be content with what you have, for Jesus has said, “I will never leave you nor forsake you.” Proverbs 19:17 ESV / Whoever is generous to the poor lends to the Lord Jesus, and he will repay him for his good deed.
AMEX:SPYLong
by Jonniefriday206
1
SPX vs M2 Money SupplyInflation adjusted, the stock market peaked in the year 2000 and a little over in 2022. With bonds yielding absolutely nothing worth while and any increase of .25 .50 basis points + will crash the markets, especially low end bonds. I argue the stock market inflation adjusted, offers such little upside while offering severe risk to the downside, especially over a multi year period. Trading on moving averages rather than buy and hold is probably the best bet to manage markets these coming years. Black Swans are more prevalent than ever too. Weekly chart, trendline starts from 1982.
SP:SPXShort
by MulticulturalMoney
2
Target reached 3/29/22, bullish close = final bull move (470)At the beginning of the week, I called SPX hitting 4626 and SPY 460 by the end of the week but it seems it has reached to the price a lot faster than expected. Moving forward, todays close is imperative to future movement as one more bull run might be imminent before the eventual correction. If SPX is to close around the 4620s, I could see it pushing one last time up to a total price of 4700+ specifically 4707. Once reached, there may be more of a reason to short the entire market even if temporarily to 4504. As for SPY , 470 is possible given the price closes bullish today and follows SPX movement. Thank you for reading.
AMEX:SPYLong
by MMinutes
1
Target reached 3/29/22, bullish close = final bull move (4700+)At the beginning of the week , I called SPX hitting 4626 and SPY 460 by the end of the week but it seems it has reached to the price a lot faster than expected. Moving forward, todays close is imperative to future movement as one more bull run might be imminent before the eventual correction . If SPX is to close around the 4620s , I could see it pushing one last time up to a total price of 4700 + specifically 4707 . Once reached, there may be more of a reason to short the entire market even if temporarily to 4504 . As for SPY, 470 is possible given the price closes bullish today. Thank you for reading.
SP:SPXLong
by MMinutes
2
Still. we should see 460 range.. Keeping my eye on 464 or moreI am expecting to see 464 or even hit 470 this week. I have a call position that will expire in 2 week. Likely I will be closing out my position this Friday. But be aware, this is a pullback coming and then it will test ATH. DO NOT SHORT, It is going to be a GREEN WEEK. Just my opinion. I am not a financial advisor. Make sure to look at both perspectives every time you place a trade. _________________________________________________________________________________- Jesus said, "I tell you, no; but unless you repent you will all likewise perish." Luke 13 3 Let there be no filthiness nor foolish talk nor crude joking, which are out of place, but instead let there be thanksgiving. Ephesians 5:4
AMEX:SPYLong
by Jonniefriday206
34
SPY Continued Downside - Hidden DivergenceChart Even t: Bearish Divergences on multiple timeframes. Rising wedge pattern on 65m and lower timeframes. Confluence : Bearish Divergence on 65m timeframe. Hidden Bearish Divergence on daily timeframe. Rising Wedge pattern (bearish) on 65m and lower timeframes. MACD very wide. Volume decreasing. Death Cross moving average event occurred a few days ago. Price action is nearing old resistance levels along with the 61.8% Fibonacci Retracement level. RSI overbought on 65m timeframe. Trade Idea : Put Swings Contract Suggestions (depending on Monday's open) : Best: 4/8/22 450P Riskier 4/6/22 450P Riskiest 4/1/22 450P I will likely buy both the 4/8 and the 4/1 contracts, heavily weighted to the 4/8 contracts to allow this time for this move to play out.
AMEX:SPYShort
by cloud9futures
3
Next week .. we should see 460 range.. Keeping my eye on 464We were about 1 or 2 pip away from 155. Next week I expect to see somewhere between 460 to 470 I will be keeping my eye on target price of 464. DO NOT SHORT. Just my opinion. I am not a financial advisor. _______________________________________________________________________ Are you a "real" Christian or fake one? Here is what Jesus said to be a "real" Christian. "37 If you love your father or mother or even your sons and daughters more than me, you are not fit to be my disciples. 38 And unless you are willing to take up your cross and follow me, you are not fit to be my disciples. 39 If you try to save your life, you will lose it. But if you give it up for me, you will surely find it." Matthew 10 37 Are you living your life for Jesus or for you? I hope you are living your life for him. That is a real Christian according to this bible verse.
AMEX:SPYLong
by Jonniefriday206
Resuming to 455 to 460 range Bottom is already in. No crash this month. I will not be shorting at all unless you were scalping in pullbacks. For right now, TP is 455 to 460 range. You must receive the holy spirit as a proof that you belong to Jesus. If you don't have the holy spirit living in you, you are no different a Muslim, Buddhist, or an Atheist. It doesn't matter how many times you say you believe in Jesus. Jesus will send the holy spirit to you acknowledge you belong to him. Romans 8 16 The Holy Spirit himself bears witness with our spirit that we are children of God
AMEX:SPYLong
by Jonniefriday206