$SPY Support areawe didn't hold our support above 421$, now we should see a bit of buying pressure above the 404$, cause if we didn't we will see the correction support above the 360$.
Spyshort
SPY: Bottom at 400-405Hello traders, here is my analysis for the SPY. Looks like a WXY correction to me. There is a gap that needs to be filled at SPY 400, and I believe that we will do this. Also, at that point W=Y, so it will be a beautiful symmetrical correction. Good luck traders.
SPY Bearish H&SIt looks to me like we're headed to 380 - and fast. I expect a healthy bounce from the bottom - maybe to record highs. Time will tell.
Vomiting camel death knellThe infamous vomiting camel appears on the daily SPY chart. Very bad sign.
2/21/22 MSFTMicrosoft Corp. ( NASDAQ:MSFT )
Sector: Technology Services (Packaged Software)
Market Capitalization: $2.159T
Current Price: $287.93
Breakdown price: $286.00
Sell Zone (Top/Bottom Range): $297.00-$312.00
Price Target: $276.00-$274.40 (1st), $233.00-$230.50 (2nd)
Estimated Duration to Target: 28-30d (1st), 68-71d (2nd)
Contract of Interest: $MSFT 3/18/22 280p, 6/17/22 260p
Trade price as of publish date: $7.20/contract, $9.97/contract
2/21/22 TSLATesla, Inc. ( NASDAQ:TSLA )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: $885.695B
Current Price: $856.98
Breakdown price: $850.00
Sell Zone (Top/Bottom Range): $900.00-$965.00
Price Target: $778.00-$762.50 (4th), $690.00-$678.00 (5th)
Estimated Duration to Target: 28-30d (4th), 68-71d (5th)
Contract of Interest: $TSLA 3/18/22 800p, 5/20/22 750p
Trade price as of publish date: $34.11/contract, $55.40/contract
2/21/22 BLDRBuilders FirstSource, Inc. ( NYSE:BLDR )
Sector: Producer Manufacturing (Building Products)
Market Capitalization: $13.734B
Current Price: $71.72
Breakdown price: $67.00
Sell Zone (Top/Bottom Range): $68.50-$73.00
Price Target: $64.20-63.00 (2nd), $56.00-$54.40 (3rd)
Estimated Duration to Target: 27-29d (2nd), 60-63d (3rd)
Contract of Interest: $BLDR 3/18/22 70p, 5/20/22 70p
Trade price as of publish date: $3.40/contract, $6.30/contract
2/21/22 SPYSPDR S&P 500 ETF Trust ( AMEX:SPY )
Sector: Miscellaneous (Investment Trusts/Mutual Funds)
Market Capitalization: $ -- B
Current Price: $434.23
Breakdown price: $429.00
Sell Zone (Top/Bottom Range): $448.00-$457.00
Price Target: $422.20-$420.10 (1st), $384.20-$382.00 (2nd)
Estimated Duration to Target: 14-17d, 48-50d
Contract of Interest: $SPY 3/7/22 420p, 4/14/22 400p
Trade price as of publish date: $4.20/contract, $7.03/contract
SPY bearish options todayI was monitoring the SPDR S&P 500 ETF Trust (ETF) options market and the puts are dominating the options today.
2/3 puts, 1/3 calls and some important dark pool prints sells.
My expectation is for a retracement at the $422 area, followed by a W shaped recovery.
Looking forward to read your opinion about it.
SPY UPDate Feb 18th: She goin down Captain. Sing it again Sam!Once more glorious day of Warrrrr!
Bulls support 440.00
Resistance 446.50
Bulls targeting 413.00
Id fill UP and the next Res Bears.
Good luck and Bulls only Cookie Trades.
Filled Gap Case for Bulls and Bears on the chart.
No tradin Monday so, they gona fight today to see who has the last WORD for this week.
Hint look at the size of the Bars.
Big fellers. Hope the Bulls have shoulder pad strapped on.
TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you.
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SPY Stock Analysis - S&P 500 SPDR ETF Stock Price Prediction for Tomorrow.
February
We go over the SPY stock - S&P 500 SPDR ETF stock, and give our stock price prediction on the SPY stock, our SPY stock price analysis, and stock price forecast on SPY for tomorrow Monday February .
SPY STOCK: THIS IS A Bitcoin STOCK PRICE PREDICTION, SPY STOCK PRICE ANALYSIS, AND A SPY STOCK PRICE FORECAST VIDEO.
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. No BS Technical Analysis that works, period.
. Day Trading and Swing Trading.
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. You get Daily SPY STOCK pre and Post Market and the Price Spy ETF price predictions Weekend editions.
. TESLA stock along with TESLA share Price including Tesla After Hours.
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DISCLAIMER: No financial advice, the information on this channel is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this channel is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this channel and provided from or through this channel is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this channel without undertaking independent due diligence and consultation with a professional broker or financial advisory.
S and pShiller P/E ratio is over extended and has broke a major resistance currently forming a head and shoulders pattern on the weekly time frame l believe we will retest around 454 short term forming a symmetrical triangle and then start to short around April
$SPYThe investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. 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.
This year will end NEGATIVE in S&P but NOT BEFORE we see ATHs!However, I see a 15% rise to ATH in the S&P 500 FROM HERE! SEPT '22 P Target.
Let's see how this plays out. First half of 2022 will see a 15% rise from here regaining previous ATHs into SEPT 2022. From this point I see a capitulation candle (-23%) ENDING THE YEAR NEGATIVE.
This is my 2022 forecast for the SPX.
2024 will mark a brand new Bull market.
$SPY Bearish PennantThe investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. 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.
SPY Mon Feb 14 Market Testing the lows.TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you.
Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my Day Trading of 6 years of Trading Volatile current market , examining market patterns , and interpreting of where the market is going.
TraderMan PennyPorkChop Focus incorporates - Specialized Analysis - Exchange and market Education - Pattern and Pattern Analysis - Market Psychology - and Trading Mental Health.
Day Trading , The Unified Theory that works when nothing else will , Unperilled Strategy. Beginning the Journey.
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SPY Stock Analysis - S&P 500 SPDR ETF Stock Price Prediction for Tomorrow.
February
We go over the SPY stock - S&P 500 SPDR ETF stock, and give our stock price prediction on the SPY stock, our SPY stock price analysis, and stock price forecast on SPY for tomorrow Monday February .
SPY STOCK: THIS IS A Bitcoin STOCK PRICE PREDICTION, SPY STOCK PRICE ANALYSIS, AND A SPY STOCK PRICE FORECAST VIDEO.
. My Ideal Views are looking for new ways to think about Trading.
. No BS Technical Analysis that works, period.
. Day Trading and Swing Trading.
. New Traders Welcome.
. Swing Traders Welcome.
. You get Daily SPY STOCK pre and Post Market and the Price Spy ETF price predictions Weekend editions.
. TESLA stock along with TESLA share Price including Tesla After Hours.
. Bitcoin
DISCLAIMER: No financial advice, the information on this channel is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this channel is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this channel and provided from or through this channel is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this channel without undertaking independent due diligence and consultation with a professional broker or financial advisory.
day trader,day trader rules,day trader vs swing trader,Bitcoin,Elliot
TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you.
Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my Day Trading of 6 years of Trading Volatile current market , examining market patterns , and interpreting of where the market is going.
TraderMan PennyPorkChop Focus incorporates - Specialized Analysis - Exchange and market Education - Pattern and Pattern Analysis - Market Psychology - and Trading Mental Health.
👉 If you enjoy this video, Please like and share it.
👉 Don't forget to subscribe to this channel and press the bell 🔔 for more updates.
SPY Stock Analysis - S&P 500 SPDR ETF Stock Price Prediction for Tomorrow Thursday
February 4th We go over the SPY stock - S&P 500 SPDR ETF stock, and give our stock price prediction on the SPY stock, our SPY stock price analysis, and stock price forecast on SPY for tomorrow February.
SPY STOCK: THIS IS A SPY STOCK PRICE PREDICTION, SPY STOCK PRICE ANALYSIS, AND A SPY STOCK PRICE FORECAST VIDEO.
. My Ideal Views are looking for new ways to think about Trading.
. No BS Technical Analysis that works, period.
. Day Trading and Swing Trading.
. New Traders Welcome.
.Swing Traders Welcome.
. You get Daily SPY STOCK pre and Post Market and the Price Spy ETF price predictions Weekend editions.
. TESLA stock along with TESLA share Price including Testla After Hours.
DISCLAIMER: No financial advice, the information on this channel is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this channel is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this channel and provided from or through this channel is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this channel without undertaking independent due diligence and consultation with a professional broker or financial advisory.
____________
SPY short idea bearish trade set up for the spy that was under heavy pressure into the close last friday
breaking below the 200 day moving average and breaking below a local support
also showing bearish divergence on the MACD on the daily.
just an idea here. shorting the SPY has not worked out for most but with the recent turmoil in the markets sentiment could change
if we have a gap up on monday morning this idea will be quickly invalidated
what do you guys think? green day or red day for the SPY on monday??
HAPPY TRADING
SPY Definitely in downtrend until ~400-420Most probable path. Expecting it to go to ~420 range before deciding upward or further downward movement.
It may even go to ~395 range too.
Definitely wont happen in straight line. Next FOMC meeting is around 26 March so Feb seems to be sideways and March seems RED.
So far my PUTS have been paying decently. Buying PUT on every GREEN days and dumping on RED.
Note : This is not investment/trading advise. Please do you own DD.
SPYNice double top on SPY , had the 458 trend line drawn last week. I did play some QQQ calls that went to 600% earlier in the week. Took some puts Thursday and Friday and made 200%. There is a fed meeting Monday. I did swing very small puts into it. Anything can happen though over the week leading up to the FED. Important to hold 440 or we could easily see January lows being retested.
S&P 500 DROP expected = 3900-4000 ZONE after small POP to ~4500!I have been looking at charts all week and what looked like major rotation from Growth stocks and crypto to "Value" stocks and crypto it appears to now not be the case.
MAJOR Supports zones were broken in just about EVERY sector in stocks and just about EVERY crypto out there except $ADAUSD and $LINKUSD which are not far off from breaking their support as well.
I am expecting there to be some news from the FED next week that may bouy stocks and crypto to bounce up to the $4500 level in S&P 500 and possibly $43-$46K level in $BTC before I think there will be HEAVY resistance at those levels. I would expect a DROP to the 3900-4000 range in S&P and possibly retest $28k in $BTCUSD. I am posting this S&P chart but the BTC chart looks similar except that it had the massive double top everyone has been watching. Cryto has been a bit of a LEADING indicator on the stock market but they have been correlated for the most part so I am showing why I think there will be at least another 10%-12% drop in stocks before they get major support. Crypto has led the way down and I would expect to bounce before stocks do.
The Chart pretty much says it all but EMA 39 has acted as support and resistance every time over last several years and I woould expect it to do the same now. Resistance is at ~4500 in S&P 500 and the LAST time this sort of "tightening" occurred in 2018 the chart looked eerily similar with a 20% drop from the highs. Coincidentally a drop to 3900-4000 zone woud be about 21% DROP from recent highs.
Trade what you see...
Double topIt would be hard to ignore this double top. However not a big one.
Btw a lot of indicators (Squeeze momentum, MACD) are still bullish or neutrals.
There is not (for me) enough strength in this sole pattern to short SPY and NDX, but you should think to close your long positions.
It reminds me this double top:
It could bounce on the support as it could break trough.
Wait for a confirmation of the bounce if you want to long from ~430$.
DOA trading Strategy - SPY#SPY - Red DOA sniper have been holding strong, we rejected at DOA confluence
We're now respecting that double top on the 3rd point 🙌 that i mentioned in voice chat.
We should see it follow the trend line and the LL
S&P CorrectionAs with my last chart with the Nasdaq, I believe we will see the same with the S&P. The market is struggling to gain momentum and even experts on CNBC/Bloomberg are finding it hard to encourage investors to "buy the dip" because they too are uncertain. If we compare the reasons for a correction vs continuation of a bull market it goes as follows:
Bear Market:
- Fed Interest Rate Hikes
- Fed Tapering (2013 Taper Tantrum, example)
- Inflation
- MACD Crossed
- RSI
Bull Market:
- Low Unemployment
- Retail is Healthy
- $2 Trillion in Savings/Checking in US.
$SPY Looking Bearish -We are bouncing off the cloud here on the daily chart
-Also closed below 26-day ema
-Now we need conformation for the 9-day break and we will go Full port puts
-CPI data on consumer goods will be released next week as well doesn't look too good on my end
-Looking to stay below $458.46
-To top it off looking for a break below $442.42
