Expired SPY Weekly outlook. 3rd WK SEP 2024 > BULLISH 📈 HIT Prior Week Closed Price: 561.96 This Week Target Price: 564 Strike Price: 565.97 on SEP 17, 2024 Upper Range: 587 Lower Range: 541
We are seeing some really impulsive moves coming up and at this point it really important to trade with the trend. A complete analysis coming in soon.
From what we can see it appears that we are just at the beginning of a bear move here and that might be quite an aggressive move. pay attention to the $550 level here and if we stay at that or below it, we should a steep curve to the bears in the next few days here.
AMEX:SPY The SPY has been trading in a well-defined range over the past few sessions, bouncing between support and resistance levels like a pinball. Right now, we’re seeing a key moment where SPY is testing the lower boundary of its trading range. Current Setup: Resistance Zone: The upper boundary around 5,641 has consistently acted as a ceiling for SPY. Every...
Previously in the Opening Range Breakout (ORB) and the Volume Weighted Average Price (VWAP). In Part 1, we dove into the basics and all the important aspects of the ORB, but now let's explore why these strategies often lead to high win rates. The Psychology Behind ORB The ORB is powerful because it captures the market's initial reaction to overnight news and...
Double Trouble is the name of the game here, and it’s no joke. As you can see SPY just dipped below a critical support level, and things could get tricky if buyers don’t step in soon. What’s Happening? SPY has been bouncing around within a tight range for the past few days, but today’s action saw it break below the 554.93 support level (highlighted by the yellow...
Expired SPY Weekly outlook. 3rd WK AUG 2024 > BULLISH 📈 CORRECT Prior Week Closed Price: 554.31 This Week Target Price: 559.79 Strike Price: 562.72 on AUG 22, 2024 Upper Range: 569.59 Lower Range: 549.99
Like we have seen from the video above lets have some talks on these timeframes and see whar the analysis says. Weekly Timeframe: SPY is currently hovering around 533.27, which is near the top of its long-term uptrend. We’ve seen a slight pullback from the recent highs, which isn’t surprising given how strong the rally has been. If the pullback deepens, keep an...
Expired SPY Weekly outlook. 2nd WK JULY 2024 > BULLISH 📈 CORRECT Closed Price: 554.64 Target Price: 556 | Strike Price: 556.89 on JULY 9, 2024 Upper Range: 572 Lower Range: 541
Expired SPY Weekly outlook. 4th WK JUNE 2024 > BULLISH 📈 CORRECT Closed Price: 544.51 Target Price: 546 | Strike Price: 546.95 JUNE24 24' Upper Range: 554 Lower Range: 539
Expired SPY Weekly outlook. 3rd WK JUNE 2024 > BULLISH 📈 CORRECT Closed Price: 542.78 Target Price: 545 | Strike Price: 550.74 JUNE20 24' Upper Range: 553 Lower Range: 537
Last time we looked at SPY (May 01, see chart below) we gave a strong buy signal following the 1D MA100 (green trend-line) bottom and we are already well into new All Time High territory: As you can see, the price hit the top of the short-term (dotted) Channel Up and pulled back to the 1D MA50 (blue trend-line) again. This inability to break above the Channel...
Expired SPY Weekly outlook. 5th WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 529.44 Target Price: 530 | Strike Price: 531.28 MAY28 24' Upper Range: 551 Lower Range: 510
Economic indicators are crucial for policymakers, advisors, investors, and businesses to make informed decisions regarding business strategies and financial markets. In the week ending May 23, the SPDR S&P 500 ETF Trust (SPY) fell 0.52%, while the Invesco S&P 500 Equal Weight ETF (RSP) was down 1.75%. This article examines three indicators from last week —...
Expired SPY Weekly outlook. 3rd WK MAY 2024 > BULLISH 📈 CORRECT Closed Price: 520.84 Target Price: 524 | Strike Price: 528 MAY15 24' Upper Range: 532 Lower Range: 516
Expired SPY Weekly outlook. 2nd WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 511.29 Target Price: 512.94 | Strike Price: 518.48 MAY7 24' Upper Range: 518.96 Lower Range: 506.92
Expired SPY Weekly outlook. 1st WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 508.26 Target Price: 509.87 | Strike Price: 510 APR29 24' Upper Range: 518.30 Lower Range: 501.43
Last time we looked at SPY (April 11, see chart below), we got what we wanted, a break below the 1D MA50 (blue trend-line) that met our exact bearish expectation which was a -5.93% decline, absolutely symmetrical with August 18 2023: As the subsequent rebound got rejected on the 1D MA50 (blue trend-line on the chart above), the question is the following: Is...