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Spyshort

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
AMEX:SPYShort
by MindsetTrad3r
3
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...
SP:SPXShort
by eganon69
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.
SP:SPXShort
by WorldEconomics
OhS**** Bull Trap S&P Market Breakdown Monday. Premarket Upd 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 investing 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. . 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. If you need long term and Value investing your probably not going to learn what I have to share. My Trading periods are 1 min to 21 Days. But you are still welcome, because we do have valuable Lessons for all traders
AMEX:SPYShort
by PorkChopPenny
2
WHERE IS SPY HEADED - SHORT TERM? In the chart above, I have marked two separate trends/ wedges. SPY loves to form wedges. The orange, diagonal line is a trend that has been followed since January 10th. The orange horizontal line is a key support range. I expect both of these to conjoin, forming a wedge in the next few days. The yellow lines showcase a wedge that has already formed, and that SPY has been contained in since January 24th. I expect SPY to test the 420 range two more times. The first time, rejecting and bouncing back to the top of the orange trendline. The second time, possibly breaking through to 416, and then further to 410. On the 1hr chart, we also finished with two Hammer Candles, that both have long wicks and a bit of a Morning Doji Star. In the premarket so far, we are .22% lower than the previous day. Unless these wedges have a complete break, I will shorting (at least until the 420 price range.)
AMEX:SPY
by SJ_CAP
2
$SPY The end of the longest bull run in history confirmed?AMEX:SPY has broken out of the ascending trendline that has held it for the past 2 years. We saw a bounce on the nearest support level of $424, but it doesn't look good for bulls. Without much strength and with the Fed meeting out of the way, there doesn't seem to be much catalysts to drive the price back to bull market levels. While RSI is at oversold levels, it does not like we're going to break the support turned resistance trendline anytime soon. Definitely short biased at this point in time, and conservative traders can look to enter when price comes close to resistance ($455-$460 levels). Otherwise, it can be a good idea to start scaling in now for shorts as we're currently at retracement levels.
AMEX:SPYShort
by sooshiz
4