Get started

Spyshort

ES1!: RALLIES & FALLS / UPDATE / POINT OF CONTROL: 4000 & 3950DESCRIPTION: In the chart above I have provided a MACRO analysis of ES1! a future INDEX on the daily timeframe. POINTS: 1. Deviation of 250 points would justify placement of SUPPLY & DEMAND POCKETS. 2. Pennant Formation 3. Current CORRECTION FALL is roughly 5.55% falling short by nearly 5% when compared to other CORRECTION PHASES. RSI: Since the inception of the current bear market price action has only held one time when RSI is at a PIVOT POINT and ready to enter OVERSOLD TERRITORY. MACD: If MACD is pulled into OVERSOLD territory or anywhere past it's MEDIAN OF 0.00. This will be a strong indicator that price action will fail to hold onto its current channel of 4050 - 3800. And would essentially mean price action will retest past channel of 3800 - 3550. POINT OF CONTROL: Price action must remain above LEVEL 1 SUPPORT of 4000 & LEVEL 2 SUPPORT of 3950. SCENARIO #1: In a BULLISH scenario we would come to see price action bounce at 3950 then followed by a move toward 4150 before breaking pennant formation. (Not the safest bet since this scenario would VIOLATE RSI'S TREND FROM THE PAST YEAR) SCENARIO #2: In a BEARISH scenario we come to see a break below 3950 that would leave to PRICE ACTION not seeing support until 3800. (This would fall in line with what current indicators are signaling) FULL CHART LINK: www.tradingview.com CME_MINI:ES1!
CME_MINI:ES1!Short
by DGSTBROKERACC
Spy Supply/Demand Zones with Support/Resistance.AMEX:SPY Here shown are the current S/D and S/R levels on Spy. There is also an imbalance area in the middle of the chart that can be used as a support/resistance zone however, this seems to be more of a resistance level given the candles and wicks and how they set up right below this level. The candles are seemingly setting up for an aggressive leg up as that is the only way they can break this resistance and make it become a support again. Hope this chart helps you traders and remember me when you get your first AP. Remember the AP doesn't lie...
AMEX:SPY
by MuhWhipski
SPX Feb21 - Mar6 TATA are expectations up to ~ March 6 based of avg downtrend duration for the last 4 drops. Note the following 1) Monthly Trend : Bullish -- note the trend, support line (solid) and channel, resistance line (dashed) 2) Week Trend : Bearish-- note the lines, same as above, but red. a break in trend = good chance of reversal. a break in channel = strong movement 3) Break in the Monthly bullish trend, retouched and dropped back down as confirmation of new Bear movement 4) RSI @ 42 -> slightly bearish market on 2h 🪟 5) EMA for 9, 20, 50. Again, TA is 38 Bars. 9 crossed both 20 & 50 sharply, waiting for 20 to cross as well for better bearish confirmation 6) Supports @ 4060, 4010 (Key Supp for weekly), 3877, 3764 (Key supp for Monthly) Anything can happen. Tuesday / Wednesday could be wild or just more consolidation these last 2 weeks has been consolidation, so a blow can happen soon
SP:SPXShort
by ENYS_LUUN
THE BIG FLIP $SPYMY BEARISH THESIS -This rally is led by fundamentally weak companies like CVNA, ROKU, AMC, and AFRM (companies with weak valuations) which has historically indicated that these types of rallies are temporary -Six Month Treasury Bill yields rising to 5%, last seen in 2007 - The Feds Fund Rate (Feds target interest rate) rose higher after the recent CPI data which means the Fed must raise rates more aggressively to combat inflation -50% base point rate hike probabilities are increasing for the next meeting -Mortage Application volume fell 7.7% last week as mortgage rates rose -The average rate for a 30-year mortgage rose from 6.18% to 6.4% in the last two weeks -Employment number came in over double than expected which will cause Wage inflation -Retail sales are up 3% month over month, crushing expectations (2%), spending continues -Restaurant Retail Sales up 7.2% in January, strongest since March 2021 -Used car prices have increased 4.1% in the month of February and it's only the 18th -Credit Card Debt hits a record 930.6 billion, up 18.5% -Multiple large cap Company Earnings have missed and have started layoffs All this means that the average consumer hasn't stopped spending despite inflation and high interest rates. This will cause the Fed to continue hiking interest rates or keep interest rates higher for longer which is not sustainable for the consumer. Overall, the fundamentals and the data is showing that this rally is temporary, and we will go lower. How low we will go is not yet known for the equities market, but many analysts believe new lows are not out of the question. $SPY
AMEX:SPYShort
by sodatrades
4
VIX: VOLATILITY CYCLES / PREDICTION / EXPONENTIAL MOVING AVERAGEDESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of VIX. I have decided to reduce the number of BARS that it will take for the Volatility Index to see its next price action cycle with past cycles lasting up too 250, 300, or 375 BARS to complete. With current price action trajectory and support it appears 250 BARS would be the most suitable span of time for this current cycle to complete. POINTS: 1. Deviation of 7 Points Remains the same for SUPPLY & DEMAND POCKET PLACEMENT. 2. 8 YEAR UPTREND Line has nearly made contact & is indicative of VIX seeing a rubber band reaction to the upside. 3. Current DOWNTREND pattern is being squeezed against 8 year trend. IMO: If price action sees a break to the upside past 21.50 it will be a sure enough bet that VIX will then be looking for 26 Points. EMA'S: PAY CLOSE ATTENTION TO TIGHT MOMENTUM OF ALL THREE EMA'S (45,100,200) WHICH USUALLY INDICATIVE OF UPCOMING SHIFT IN TREND. RSI: In regard to RSI crucial pivot point levels are mapped by using past positions held by RSI when VIX would eventually bottom out. MACD: The VIX and MACD share a parallel relationship in the way that as soon as MACD touches MEDIAN and switches directions price action on VIX will come to see a shift in momentum. Currently MACD is in negative territory but should be another solid indicator for when VIX is ready to rubber band to the upside. SCENARIO #1: In a BULLISH scenario price action continues to be supported by threshold at 19 & by March 8th it would be inevitable for PRICE ACTION to not be carried TO THE UPSIDE by the 45 EMA with current TRAJECTORY if SUPPORT OF 19 HOLDS. SCENARIO #2: In a BEARISH scenario this setup would become invalidated if price action is to BREAK TO THE DOWNSIDE past the 19 SUPPORT LEVEL. And would depend on a future hold of of at least 16.80 to be held in order to respect 8 YEAR UPTREND. FULL CHART LINK: www.tradingview.com TVC:VIX
TVC:VIXLong
by DGSTBROKERACC
1
I wanted to follow up on the $SPY chart I posted a few days ago.I wanted to follow up on the chart I posted a few days ago, which showed the MACD and clusters of consolidation. The current situation is that as long as $SPY maintains its daily trend, things should remain stable. However, if it fails to do so, bears may become more active and push for a retest of $405, $402.35, and possibly even a 50EMA meeting at the $400 price level. As of now, there is an inverse hammer pattern visible on both daily and weekly charts, but it is still inside on the week.
AMEX:SPYShort
by Solidified
Will history repeat itself? Party until Jan 25thPlease do your DD this is not a financial advice. The current market crash and bounce seems to be rhyming with the 2000 crash. If you saw my AAPL(attached below) idea, you will see that I believe this is the case and we are going through 2000 crash and eventually 2008 (in about 8 years) deleveraging again. With the CPI and unemployment data out of the way, there is no major event to wait for until earnings; starting with Tesla on the 25th which I think will would start the next downturn in markets if it hasn't started by then.
AMEX:SPYShort
by BlackisKing
3
Powell's Power!As of recently we have been in a small bull run. Bulls have been pumping on bad news, being dumb and relentlessly rallying. This is normal for bulls though so what can we expect? Bulls gonna do what bulls gonna do! We are at a strong resistance/supply level however, the bulls have been very violent and are out for blood as they aim to plow through this resistance/supply zone. In a few days we get the new interest rate numbers and if the FED decides to pause the rate hike then the bulls will go crazy and pump spy even higher. A rate hike will most likely drag spy down a bit and put us into lower 400s or higher 390s but, lately bulls have been pumping on bad numbers so we cannot accurately determine their next move. The bulls are at the end of a tunnel and they see the light so they will not stop at any costs, join the rally or get stomped shorting. I'm not a bull or a bear but the trend is your friend, that is if you can spot it.
AMEX:SPY
by MuhWhipski
VIX Yearlong Trend Warns That SPY Could Turn BearVIX is the volatility index for the S&P 500. It works in an inverse correlation to SPY so when VIX goes up, SPY goes down. There has been a common zone that whenever VIX dips into it, it skyrockets. Just a couple weeks ago we dipped into that zone and we have experienced an average move of -15.5% on SPY whenever that happens. Its also good to take into consideration that we have another year long trend that is in place. SPY has well respected a resistance line that dates back to late last year. Although we have technically broken this trend line, I am a firm believer in Gann's theory of lost motion so I believe we still have a chance to reverse. The most important part of the VIX setup is that PRICE NEVER HAS A WEEKLY CLOSE ABOVE THAT PRICE AGAIN. We just have to wait until the closing on Monday to see if this trend gets broken. The economy is also an important thing the consider with this trade setup. I believe that the bear move is signicantly more likely because of the federal reserve's actions on inflation. They have confirmed that quantative easing will start AT MINIMUM 6 months from now. This means we still have more of the recession left in us. We just have to wait till the start of next week for this to play out. If we close below the start of this setup, I am going short on SPY.
AMEX:SPYShort
by BiggWigg
4
Time For Bears To Feast? $SPY Heading to $385 By Feb. 10th.It seems like it's following the same pattern as the past two rallies. If you look closely, each time it rallied, the volume was declining and same is happening with the current rally as well. The first rally hit the bottom trendline in 36 days, the second rally hit the bottom trendline in 18 days (in exactly half the amount of days it took the first one to touch the trendline) and if the algos are following similar pattern we should see $385 by second week of Feb. Close above $405 invalidates this probability for me.
AMEX:SPYShort
by ritubpant
SPY Bearish or moon shot?The spy is in a major consolidation on declining volume getting ready for a big move. In the mid term, it looks like we are in a rising wedge on declining volume testing major down trend resistance and upper pattern trend line resistance. I think interest rates on the 1st will be part of the catalysts to send it back down to 388 or 381. If we start closing above these green and blue major levels(around 405, things would get bullish really quickly and I would look for 435 next on a massive spike in buy volume. I am short term bearish however and possibly midterm term as well but I'm undecided
AMEX:SPYShort
by BTC-HONDA
VIX move on Friday while SPY continued higherThis could be a very telling sign for what to expect on Monday. While the SPY (and generally the market) continued to trade higher on Friday (1/20), the VIX hit a low early mid-day and then moved higher into afternoon trading. Another thing to remember is that Friday was the LEAPs options expiration that started over 2 years ago for that expiration. It is typical for markets to be a little volatile during that week of a major expiration, but doesn't really go anywhere; kinda like we saw this past week where we we made another weekly high on Tuesday then sold down pretty good Wednesday/Thursday and then on Friday ended the week with a bull retracement. Now that a major options expiration is done, wouldn't be surprised if we started to see a more directional move on the market and if the VIX action on the second half of the day on Friday is any tell, bearish could be the direction. Bar chart: SPY Orange line: VIX
AMEX:SPYShort
by Options_Trading
2