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SPY500 - S&P500 - SPX - Sell - Daily ChartSPY500 - S&P500 - SPX - Sell - Daily Chart Sell @ Current Price approx 3527.4 yet also Major Resistance at this level Sell @ Pull back to 3558.8 Major Resistance level 1 @ 3527.4 may pull back for a better entry Major Resistance level 2 @ 3428.5 Major Resistance level 3 @ 3316.6 Take Profit @ 3251.0 Please share your opinion in the comments, and support the idea with a Like 👍 Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺 Disclaimer! The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions. 🔺 You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
TVC:SPXShort
by UnknownUnicorn5418842
Dip or Rip? NEW way to evaluate Short/ Long - MUST SEE!!!ES and NQ @ critical technical levels with news of further shutdowns. Here I'd like everyone to take another look at what I am presenting. In this chart, I have flipped the ES1! chart upside down so if you're not used to looking for trades in both directions (i.e short and long)- this may make it easier for you. If you look at the chart as I present *dont look at color of candle* and think of this as a swing-setup for long position.. it would normally indicate a pretty bullish upcoming move. I have "projected" fibonnacci price levels to watch out for and trend lines are both GANN measurements and resistance/ support levels that of which, I take into account. Essentially, if ES breaks below $3516, I am projecting drop to approx. 3425 - 3440 before revaluating my POS for next move. As you see, this could equate to over 76 points to the downside if my evaluation is correct. Thanks for looking, dont forget to slap that like & follow button for more moves! Other trades I'm in: BCRX, CALA, RGNX, VXX, LRN, XERS. Check out recent BCRX move!! Disclaimer : I am not a financial advisor, nor is this a buy or sell recommendation. It is to be used for educational purposes.
CME_MINI:ES1!Short
by follow_the_money
SPY Inverse Cup and HandleSo, this is what I'm looking at on SPY moving forward, and it's currently my most likely scenario. I think the US is headed towards a type of lockdown varying in severity, but i'd bet on it happening. I also believe if Joe Biden wins, his strategy may be to inverse Trump & go into lockdown mode (as American sentiment towards Trump's handling of COVID is majority negative). So, I believe this drawdown we're currently experiencing heads back to demand at 320. There's no big buyers stepping in yet, and no reason for them to. After earnings AH today, there's not one major positive catalyst pre election. So, 320 by Election Day is my base case. Then, a quick bounce in the days after, as by that point we'll have been oversold, big buyers should return and start scaling in, and we see a break back over 330 for the handle. The certainty that comes with even just having the election over and decided should provide a positive jolt to the market, with the actual choice of President potentially being secondary. Now, assume Biden wins. It seems he has the momentum coming into Tuesday, so I'll operate on that assumption. Suppose we are at the 330 level end of next week, handle completed. As mentioned before, I believe news comes out about Biden's plan to close parts of the economy, and most likely the news is spread over the course of a week or so, SPY drops, breaks demand zone, and we experience a series of smaller timeframe demand breaks. Our next solid demand on an hourly chart comes around 312. Side note: Check out SPY weekly chart. An ABC correction is still very, very much in play. I've marked it off on my chart. Start thinking about scaling into long term positions. Disclosure: We are short SPY in an option position.
AMEX:SPYShort
by Jomo_Davis
2
SPY 2 hour chart - Creeping back into downward price channelYesterday SPY 200MA crossed the 50MA on the 2 hours chart. Today's pop was definitely driven by short coverings. SPY is now heading back into the downward price channel starting a new "A" wave as we head into the uncertainty of today's election. Pennsylvania results, unless there's a landslide, will not have results tonight or by tomorrow due to the Supreme courts decision to allow counting mail-in ballots up to three days after the election. There's a high probability certified results will not be known by Wednesday and both parties are ready to contest results, which would lead to a drop in markets. I am holding SPY Puts as a hedge against my calls in my swing trades.
AMEX:SPYShort
by Fibonacci43
1
TRICK OR TREAT - CORRECTION PLAYBOOKHello! I hope many of you have been prepared for a pull in the indexes. The whole move lower right now is fueled by the fact that nobody owns protection into November, which is crazy considering there are elections coming, and now suddenly all the fund managers and retail crowd are slowly starting to realize it. The correction is very much needed to let some air out of the overblown equities market. I am expecting a pull below /ES 3200 level , which is then going to be followed by a multi-day squeeze to punish some stubborn bears getting involved. After that, catching the short ain't gonna be easy and there will be all kinds of games being played by different market participants. But at the end I am expecting us to bottom near the /ES 3000 level . Good luck! Tonis
CME_MINI:ES1!Short
by neilzo
10
SPY - Main s/r zones analysisHello traders, Description of the analysis: SPDR S&P 500 ETF TRUST ( SPY ) support zones ideal for timing long positions (gray). A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair prices by volume. Please be careful during the election campaign and election. There can be higher volatility. I personally stand outside the markets with new positions. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
AMEX:SPYLong
by Jacob_Kovarik
It's time to bring some real volatility to markets - ES to 3000Hello! Right off the bat, I'm gonna mention that the market has changed during the last few weeks. All the retail and hedge fund crowd have suddenly started to buy into the rally, which they couldn't do for the past 6 months. Also I hope ya'll have seen the P/C ratios and volumes that have gone absolutely bonkers and made new records never seen before day after day. It is time to crush the call buyers speculation and bring some real volatility to markets. I'm not bullish until we have at least got a bigger correction to around ES 3000 level and washed the retail crowd (speculators) out . That's all. *turn date 23/11/* - All the options gamma getting rolled over by the dealers likely have positive effect on the markets rally into year's end/Christmas. If there's weakness into this date it's likely gonna get gobbled up in the next few days and squeeze all the shorts and make people on the sidelines chase! Good luck! Tonis
CME_MINI:ES1!Short
by neilzo
SPY Bearish -Election uncertainty + COVID. Target 330Following a similar trend as September 1st week. SPY will retrace back after bullish momentum and Gap up’s last week. The Gap up was caused due to expectations for a Stimulus package in the works. SPY is forming a Cup and a handle which is a bit of a head scratcher. Which is generally a bullish trend. But looking at CCI and SMS curving downwards. I believe SPY will retrace back to the SEP 11 Lows as profit taking to continue and more institution moving towards cash accumulation due to election uncertainty. Estimated Target for next week. SPY $330.82 (-4.5%)* - (Oct 23rd 2020) News that is adding to the bearish trend Election Uncertainty. No Stimulus Package. Europe Shutdown. Election Tampering. News that could reverse the bearish trend are Any Stimulus News. Vaccine Announcements. I will try to post weekly SPY targets. Let me know if you have any questions. Comment below if you agree or disagree. I would like to also know what your target is for SPY ending this week.
AMEX:SPYShort
by marketaction_live
4