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Spyshort

7.28.21 Candle Will Be Telling!What we have is a possible Hanging man. We have two of the three ingredients for a 87% chance of downward trend over next week or two if next candle is red. Given this weeks events, its looking bearish short term at the very least. Will be interesting to see how things shake out! Let me know your thoughts of if this was helpful! Not advice or a recommendation to initiate any kind of transaction. All investments have risks associated with them. Trade with care.
AMEX:SPYShort
by deadsquare214
5
Market Crash Only Days Away If VIX Repeats Consistent HistoryThe S&P500 Volatility Index is currently breaking out into levels that historically has been catastrophic for the overall market. On the monthly chart, we can see that whenever the VIX breaks out and confirms above the light orange trendline plotted on the chart, double digit drops in valuations happen for the S&P500 usually within mere weeks. Which means any day or moment now we can see a major crash for the broader market.. much greater even than what we have seen so far as the VIX appears to have much bullish momentum by painting 3 consecutive higher lows and multiple higher highs on significant time scales. This will definitely now be one to watch as this would negate our former long idea on SPY due to the sudden turn of events on the S&P500's volatility. If the VIX can have its price driven back below the orange line and CLOSE this monthly below it, that would give market bulls hope. Similarly, many assets are at major fork in the roads on their charts right now, and the VIX as we can see is no exception.
TVC:VIX
by TradeVibez
5
Wait before striking... Is SPY going to fall out of its ascending channel? We might see a dead cat bounce today, but factors remain uncertain about the Delta variant and how the government will respond. However, we are at the beginning of the earnings season which brings risk against going short SPY. Los Angeles has started its mask mandate again this past weekend. 40% are unvaccinated and if they're unvaccinated now with a vaccine surplus, they aren't likely to be vaccinated soon. Will keep an eye out for how SPY moves for the next few days before entering a position. I will short again if SPY breaks down past 420 and makes a small bounce back up and if global stocks are down as well.
AMEX:SPY
by WfhtraderXx
SPY: PULLBACK? CORRECTION? CRASH?Greetings everyone, (Key Takeaways) - (MONTHLY TIMEFRAME) This $SPY chart dating back to the date it was listed on the market back in 1993 gives us a wider point of view of the market. Overall the sentiment is still bullish-long. However, the next couple of months can be bloodbaths. Easy to say we are a bit over-extended? The smallest white trendline (2017-NOW) is showing signs of weakness. Possible downward move towards $416.00 in the next couple of weeks. The longer white trendline shows a possible 100 point loss down to $340.00. Keep in mind we are entering earnings season so the risk is very high. (My sentiment) Bearish - Short term Bullish - Long term
AMEX:SPYShort
by D2GR1NCH
How Stocks Can Go Up In a Bear Market.Here are some hypothetical numbers I formulated, which by the way you can take with a grain of salt. It is for entertainment purposes only. Some Tabloids you may find interesting: 80% of the stock market is now on autopilot. Jun 29, 2019 Algorithmic trading is accounted for around 60-73% of the overall United States equity trading. Feb 5, 2019 Considered by many wildlife biologists to be one of the most intelligent land animals of North America, bears possess the largest and most convoluted brains relative to their size of any land mammal. Jun 10, 2008 It is thought that loneliness may contribute to cognitive decline through multiple pathways, including physical inactivity, symptoms of depression, poor sleep and increased blood pressure and inflammation. Loneliness has also been found to increase the risk of developing dementia by as much as 20%. Loneliness, it seems, can lead to long-term "fight-or-flight" stress signaling, which negatively affects immune system functioning. Simply put, people who feel lonely have less immunity and more inflammation than people who don't. This increases the risk of contracting deadly diseases and viruses by ten-fold. Aug 4, 2020
AMEX:SPYShort
by Bearliever
SPY Bounced! - Key areas to look for SPY had a big gap down today all the way down to 427.46 (-1.65%) but managed to bounce back at close. Here are the key areas to be watch out for. - A have some good support at the 21day EMA (426.75ish) and could play it off the bounce there for a short term play to the upside. -A close below the 21day EMA would be a bearish sign and we could see it testing 50day EMA again as you see in the chart. If we close below 21day EMA, I would play it to the downside with a short term target on the 50DAY EMA. -Going all the way down to the 50DAY EMA would be considered as a small correction. That's about another 2.44% downside from where we're at now. If we somewhow get a mini correction all the way down to 50DAY EMA, this is where I would load up on calls as this has been a major major support in the past couple months. AMEX:SPY
AMEX:SPY
by Ross-Santos
SPY BIG SHORT,,? -20~30% I hope that never happens. If it reaches a high point within 2-3 weeks. What will happen to the Nasdaq? Do you know about the rate T of stock prices. There is a speed in the stock price tends to rise and fall at a time. Even if the index reaches a high point, it waits for friends who have not yet reached it, and then falls with their hands in their hands. Let's all be honest. The current stock market is not healthy. Bubbles exist. Inflation has the chance to be persistent. We feel it as skin. Let's not fight the FED. Let's avoid the fight. Fed does not protect your assets. A big drop is expected. Once again. I hope not. I recommend reducing technology shares and increasing banking or non-technical shares within a few weeks.
AMEX:SPYShort
by Issho
SPY Weekly Prediction and Historical Corrections AnalysisIn the last 3 months there have been 3 major up trends and corrections. We currently are in the 4th uptrend and a correction might develop in the next 1-2 weeks. The historical corrections show that the market corrects about 40-60% of the previous uptrend in a quite short period of time. In particular it takes a time between 10% and 50% of the uptrend time to correct. We have been in an uptrend for the last 13 days. A correction might come soon. The options implied volatility suggests a possible range between $423 and $435 till the end of the next week (9-July-2021). A correction of the previous uptrend should bring back the price to the $423 support. The whole setup seems a perfect point for a correction. However, as we can see from the technical indicator William%R, a positive accumulation is possible. In fact, we might see a similar situation like the one developed in the second uptrend area. In this case the price might continue rising in the next 1-2 weeks postponing the correction further in the future (3-4 weeks). We expect a price between $435 and $423 by the end of next week.
AMEX:SPY
by CucabarraTrading
7
A Troublesome Outlook for Stocks SPY on 1 Month. In the last 12 Years we have seen 8+ Corrections Occur after a Doji Candle has formed on the One Month Chart. According to Investopedia "A doji candlestick forms when a security's open and close are virtually equal for the given time period and generally signals a reversal pattern for technical analysts." I have pin pointed 12 moments in the past 12 years where these candle formations have lead to a correction. (Not all Doji candles are perfect, the main detail I am looking for is an Open and Close that are virtually equal) All percentages were tallied at close of each month not wick. October, 2007 % Lost: 53% On October, 2007 a Green Doji Candle Formed, after that candle formed a green candle didn't form for the next 5 months, and the market fell over 50% for the next year and a 1/2. April, 2010 % Lost: 16% On April, 2010 a Green Doji Candle Formed, over the next 2 months the market saw a major correction of 16%. Now what is different about this correction compared to the 2008 crash is that volume was below the average at least 3 months prior. AVG 5.7B, ACT 3.9B. Now this is a trend we will see prior to the corrections in the future. April, 2011 % Lost: 18% On April, 2011 a Red Doji Candle formed, over the next 4 months the market fell 18%. The Volume 3 months prior was below the average, AVG 4B, ACT 2B. A new trend that we will see from here on out is that the bottom occurs around the 55 EMA line. April, 2012 % Lost: 9% April 20, 2012 a Red Doji Candle formed, over the next month the market fell 9% right around to the 55 EMA. The Volume 3 months prior was AVG 4.2, ACT 3B. Below Average. April, May, July, 2015 %Lost: 10% These 3 months each had a Green Doji candle leading up to a market correction of 10%. Which Lasted 7 Months, and two wicks ended around the 55 EMA. The volume was below the average at AVG 2.3B, ACT 1.9B. September, 2018 % Lost 15% On September, 2018 a Green Doji formed, for the next 4 months after the market fell 15%, and a wick landed right around the 55 EMA. The Volume 3 Months before was AVG 1.6B, ACT 1.3B. January, 2020 % Lost 23% On January 2020 a Red Doji formed, over the next 3 months the market fell 23%, and closed on the 55 EMA. At its peak the market fell 33%. 3 Months prior the Volume was below average Rectangle Future Outlook: The Last Two Months have been shaping up like the 7 corrections previously stated. 4 out of the last 5 months have been below average AVG 1.8B, ACT 1B. with TWO GREEN DOJI CANDLES FORMING. Not to mention the Market going up 40% in the last 15 month, Rates Expected to raise soon, Inflation expectations increased drastically, the Fed Artificially Stimulating the market (possibly easing up soon), 6 Trillion+ being printed in one year (possible 3 trillion more soon) Things are not looking good for the stock market. We all need to face the fact that a stock market crash/correction is coming. The average of the last 7 Doji Corrections is 14%. If The SPY drops 14% it will go to $360. The Last 6 Corrections have ended on or near the 55 EMA. if the SPY falls that far, it will fall around 28% to $303. Only time will be able to tell what happens next, but things are not looking good. What do you think.
AMEX:SPYShort
by Walkerwc2
7
S&P 500 / SPY Breaks Down to Support, Bounce or Larger Crash?The S&P 500 has broken down to trendline support after a failed breakout at 4240. The SPY index formed a high at 4238 and tried to break it at 4255, but failed to hold above that alltimehigh. It is now testing trendline support, and the question is whether price will bounce here at support or will support fail to hold and thus lead to a much larger correction. Part of the reason that I'm looking at the S&P500 even though I mostly focus on Bitcoin and cryptocurrencies is that the correlation between the two has recently been quite high, and they have both been retracing in the past few days, so a recovery in the S&P500 could also bode well for a recovery in Bitcoin and the wider cryptoassets. The key level to watch is 4175. If this level holds, then we remain above the trendline and can expect another leg up. If we close below 4175, then be prepared for some volatility upon trendline break as we might have formed a double top, which will likely also trickle over to Bitcoin and other risk-on assets as well. Of course, it's possible that what we are seeing is similar to what we saw back in March, when price failed to hold a higher high, broke down a bit, and then rallied higher. If price does break down, then the 200 day moving average at 3900 should serve as ultimate support, though I'd think that the Biden administration and the Federal Reserve would have stepped in before that happens.
SP:SPXShort
by cryptotraderog
7