SPY - 1HOUR CHARTOn the chart, the level near Jun 16 seems to play an important role. Fibonacci levels overlap. If the 100mA and 200mA dead crosses start to form, you need to be more careful.
Spyshort
SPY, be careful what u wish for. If it does not break the upper Fibonacci level, I expect a decline. Expected support levels are on the chart.
You have to be careful before the FOMC
SPY - Still see a Market Correction in the near future.Made this video to look at what I'm seeing in the market that has me a little on edge. Looking at the Weekly and Daily chart of the S&P. We can't continue to push the limits like we have for the past 5 years. Something has to give soon. The RSI is showing a broadening down trend for the past few years, with an uptrend support cutting through. This is creating a Pennant in the higher range of the RSI and it's not looking favorable to the upside, once the breakout occurs. The MACD confirms the uneasiness in the market, as it's drawing out to a torn flag in the wind. This shows a dispute in the market. BASL3, which may take affect on June 28th, could push price up, as this has a high potential to drive precious metals up. Only if the Dollar stays flat or dips a little.
Keep a close eye on the markets movement over the coming Months. I expect this week to be a red week for the S&P.
As always, hedge wisely and keep some money as buying power. It's always good to know that you're prepared for the rainy day.
SPY 422.60 + 0.91 % SHORT IDEA * REVERSAL PATTERNS & PRICEHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE S & P 500 INDEX. That has been trading in a rising wedge looking for a shift in momentum of the index should we push down with the bears to see a break below of structure looking for sells on the index a break above of the support level signals continuation and cancels the trading idea.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TGT AFTER $233 Short EVERY BOUNCEA RISING WEDGE IN TIDE RANGE BROKE UPSIDE. TARGET IS $233 WOULD BE A GREAT PLACE TO SHORT FOR A GOOD RR, SINCE A NICE PULL BACK DUE ALREADY. IT SHOULD PLAY OUR VERY WELL. ST: $235
SPY possible double top$SPY could possibly be forming a double top, paired with the rising wedge I just posted, should lead to a very red June.
$SPY falling out of rising wedge after a doji candle on the 1M This bull run over the last year or so has been inside a rising wedge. On the 1 month chart we can see a beautiful doji candle which symbolizes the top. I am going to start shorting this trash, I expect a bloody month ahead.
SPY NEW LEVELS COMINGAnd here we go with SPY going to see some new levels coming back around, history doesn't lie. Always look backwards on the chart.
SP500 - SHORT; Nothing but Shorts (SELL!!) here!A ~25% decline from here should be rather quick and uneventful. However, such a decline is likely to be just the first leg on a long road to a full ~70% decline by the end of this full cycle. - Which would be nothing more than a garden variety return to the Historic Norm ! The same goes for all US Indexes and those who are historically informed (or reviewed the evidence, presented in virtually every single recent post) should not be surprised at all.
The Carry Trade Currencies - and equivalents relative to the VIX post;
AMD PUTS - TRADE OF THE YEAR IF IT BREAKS 300% GAINERGuys,
If this breaks under this is a MASSIVE gainer on PUTS. Massive. Not only will it full fil the trend bounce at $60 and the possibly descending broadening wedge which overall tends to be bullish with big break upside. It gives you the possibility to not only be short but confidentially swap short to long at $60.
MASSIVE PLAY HERE.
ONLY WORTH TRADING IF IT BREAKS UNDER THE HEAD AND SHOULDERS.
Just coz I like drawing lines on SPY :)If SPY falls the fall could be catastrophic but I am not seeing why it would happen anytime soon.
SPY SHORTLets see if we can keep this rollover going to 408. Lots of buying opportunities out here. Laundry list of broader Market. SPY is now Negative on the month.
SPX Intraday Week 18 UpdateI think a minor correction is starting, generally considered three waves. You can count five in here but I don't have enough time for that right now. Risk management is essential in this choppy defensive market condition. The five wave obviously finished at 4220 last week. The buying strength just isn't present at these levels. A wise man once told me the five wave is the riskiest to trade. Manage accordingly.
SP500 Final Top??... Only SHORT Entries from here!!Expecting an initial -25% drop, then an additional -60%. (For a total of -70%, minimum - full cycle!)
SP500missed my Inverted head & shoulders pattern by 10 points. :) Anyway I am not sure if I measured a bit off or if the pattern was just incorrect. The LTFs look tired so I expect 1 more pull back B4 finally destroying the remaining 4180 bears.
SPY repeating similar pattern.I believe that spy is repeating a cycle, it has a lower high and is overbought on all indicators.
$SPY nearing a top (Mid-May), support in the low $300sIt looks to me like $SPY is nearing the end of its bull run. We should see one more large push up. Thinking it'll top out around $425-$430 in the middle of May and find support in August around the $320 area (Green support line). If price falls under $323 and the selling continues, price could go all the way down to the lower support line at $287 where I would expect a bounce.
Key levels and pivot dates on the charts. Same idea as before, updated timing and levels.
Good luck.
SHORT | SPYAMEX:SPY
* anytime is out of Keltner channel then we have a correction, it's just matter of time but it's imminent.
* also look at recent bearish divergence on volume.
SPXThinking this, IH&S pattern has not completed yet up to 4240 zone. & bulls r eating the dips up, daily still looks weak but 4050 will probably be the bottom for now & then back up to 4240 and probably keep going higher towards 4400. The OTC penny stuccos will thrive b c it will be risk on.
Could be wrong but thats where my bets are placed. GL everyone
Is $SPY due to have a corrective wave? Slight Pull-back intrigue$SPY fell 0.49 percent on the day. It has been testing new highs all of the calendar year. At this point, we could see a reversal to put $SPY under 400. The target would be a bit lower than that, but it really retains a lot of support circa 400; only should that fail should the "Whole number marker" -- as a support area, be discarded.
That said, a short position on the S&P is risky following a day that brought some all-around correction. Short-term bearish; long-term bullish: Which is basically the same as any time a Short of $SPY is enacted. By the opening of the third quarter SPY could easily be over 450, even higher. The naturally logical moves on the natural energy sector mostly fell through, and a shorter-term prospectus on -- something akin to a new watchlist -- is still underway for this trader.
EVEN SO: These are never long played options, really, on the S&P. But, Go thrive and also do your own homework!
- BDR
