SPY MARKET CRASHCome back to this post in a week when the market is literally gone 0 zip zilch, mark my words or mock me in 1 week to a month, the tank is coming.
Spyshort
SPY possible Bullish Cypher pattern formation on 1hr chartTrade breakdown:
1. Short at pullback around $466 with stop loss above $469.
2. PT @ $454.
Good luck!
SPY - Christmas CrashWell, we all knew it was coming and it is finally here.
SPY Stochastic is showing it is coming out of an overbought condition.
MACD has turned red.
Sooner or later, fundamentals matter. The time is now. Selling calls.
SPX looking weakAlthough the S&P 500 has been pushing hard for the last year, I think the omicron shakeout has brought a new short term correction.
I have laid out the wave count in the chart. This was the 5 wave cycles of the intermediate wave 5 of the primary wave 3 (not highlighted here). This is also been confirmed by the EW channel drawn in the chart. I expect S&P to finish this correction when it hits 4330. However before dip further there will be a relief bounce which will create a lower high at around 4700. Then after hitting the resistance we will have wave C which will bring extreme fear in the market to terminate at 4300. There the sentiment will be rock bottom, However, it will hide great opportunity for the grab pushing the S&P to new highs in q1 and 2 of 2022.
I drew two different scenarios for this.
Why do I care about S&P? Because it directly affects the crypto market.
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I AM SHORT ON $SPY I understand that the market is waiting on the FED to speak however I believe that there is a Gap that is about to be filled and then the market will surprise me like it always has. I'm really just posting this to get an idea of what others are thinking
$SPY KEY POINTS-SPY has taken some hits as fear rises due to the new covid variant scare
-These past 2 weeks are strong Red candles which show the strength of the bears
-SPY bounced off the 9-day ema on the weekly chart clean this week we will see how it plays out next week
-fib levels indicate that we will retrace back to the sweetspot if we break this support we will see $444.30s very soon
TWO THINGS can happen here:
1) SPY can bounce from that $449 level we talked about since it is acting as strong support and didn't seem to make newer lows Friday. We can see if we make new highs and just bounce from here
2)We are looking to see how spy plays around that $448.96 level IF she decided to break through that pricepoint on monday then we shall see $444 then $426 easily. Fibs are also indicating that one level was hit but the .618 level is down at $444 so we shall see how it plays out
IN SUMMARY: SO here's the game plan If we put all in all together the chances of scenario 1 (BULLS) are slim and with the new variant just breaking out but we can only wait. SCENARIO 2 now is very convincing and we can see SPY pulling down a little more down to $444 levels.
**Key levels to break**
1) $448.96 Below this we can see $444 then $426
2)$461 NOW if we break this level we can go pretty green on this bad boy pretty quick.
Feel Like I've Seen This BeforeTrend is your friend. I'd believe a break of the premarket high would invalidate the channel. Tight stop here. Good Luck.
The Trend is your friend. Friday going to be fun.The last hour will see if we hit the trendline either today or tomorrow. The last test showed a false breakout and even a false breakdown on the lower trendline. Good Luck!
S&P500 - Short IdeaThis is a Monthly chart, kicking off 2022 may be a rocky road for some.
This is a "shooting star" on a monthly chart with bearish divergence highlighted.
Price has yet to "revert to mean" for such a long time.
1% risk 2:1RR
Welcome to December!
Short $SPY CMP $436.58Short $SPY CMP $436.58. Appears to be head and shoulder formation on daily chart. Rejected from long term trendline. Next support ~$420-$425
SPY 4 month forecast 4 month spy forecast, featuring labels with potential entries and exits.(not financial advice lol)
$SPY SHORT AF swing term short Green lines are major support lines which cause them to be Potential profit targets where we can bounce the red is our stop loss
This is a high risk high reward play especially since the market is booty rn BUT Below $459.28 is a safe zone Less Risk if you enter here
Another Day of Selling: Using Volatility adjusted RSI I like this down-sloping resistance and believe this falling wedge is the most likely pattern. The day will start green and maybe even break-through the trendline due to the first of month inflows via mutual funds. However, this will be a false breakout and come back within. The hourly volatility adjusted rsi is overbought. See you down 2% either today or tomorrow.
S&P500 - Short IdeaI lay it out in the video, I just can't get behind longing at these levels.
Spinning Top, Bearish Divergence (not discussed), Crazy run-ups.
Time will tell.
1% Risk | 2:1 RR
$SPY Pull back - Bearish Winter?Out look on $SPY. Could this be the beginning of a Bearish Winter?
Not financial advice!
$SPY GONNA BE RED NEXT WEEK!!!!-Make sure Y'all stay strapped with that BP ready to attack starter puts then she should bounce later on in the week
- As we notice here we broke below the 26-day ema now on the daily which isn't good at all
- We are looking to have a pretty red week But here we have some clear direction so I will be Playing puts on SPY all the way down to around $450
-Going to watch how Monday plays out SPY might go a little green for a bit but over all we gonna see some RED RED next week. Stay Strapped
I SPY WITH MY LITTLE EYEExpecting price to hit the $455.50 support before pushing back up to retest the $464 level. Price will either break or fail this $464 level. Personal, it looks like a break and retest could play out but there is also a gap to fill at the $469 level. What do you think?
$ES1! - H&S to 4540??Betting that this forming H&S pattern will complete and we could see a pullback to 4540 levels. Confluence with the .382 fib retracement as well. We'll see!! :D
Stocks Future will be based on 10 Y BondThe movements of the stock market and digital currencies will be dependent on the head and shoulders pattern on the US Treasury bond index, which gives an indication of the imminence of a major price explosion if it is broken upwards, which means without any doubt a significant decline in the stock market and digital currencies as well. also keep buying stocks as long as the resistance still hold , we need a real weekly break
It's going to be a red Christmas...As you can see... the spy is having trouble breaking the $470. I believe we will see one more hit at $470 and a slow selloff. but who really knows? probably the elites...
SPY Oulook 11/8/21SPY is looking for a touch of the 8D at $462.39 which is roughly 4621 ES_F. Would be a great place to long off of. Expecting some weakness the first few days then to go back to the santa rally.
