SPY AMEX:SPY | RALLY AFTER FED RATE CUT - Sep. 19th, 2024 BUY/LONG ZONE (GREEN): $552.50 - $575.00 WEAKER BULLISH ZONE (PALE GREEN): $552.50 - $540.50 Weekly: Bullish Daily: Bullish 4H: Bullish This was my analysis for the end of the day yesterday, forgot to post it. Price has already rallied fairly well today. The Fed cut rates yesterday 50bps, down from...
SPY on a daily chart shows rising VWAP lines and price with the RSI indicator showing strength above 50 since November and presently in the 65 range and so not yet overbought. Volumes are near to the running mean. Price Momentum and Relative Trend indicator are more or less flat but are positive. The mass index indicator does not show a reversal pattern. I...
Technical Analysis: - As you can see in the chart, SPY is doing a short term wave 3 in red - We expect that it will extend lower to finish correction around $300 ~$310 in the orange circle to complete the ABC correction of the wave II in red - H1 & H4 Right Side is Turning Down Technical Information: - SPY is a ETF and it has a very strong correlation with...
SPY levels going into next week. using price to volume analysis, time frames used weekly, daily and intraday for support and resistance levels.
$SPY bottomed on FOMC week and established the immediate trend's lower channel. The bounce off the lows moved SPY to the upper channel & a continuation wedge formation (stair-stepping downward). Friday's bottom wick attacked the intermediate trend that was established near the Jan lows. We have an "impingement" upcoming in the SPY Wedge Formation this...
With a strong close by the bulls today, $SPX finds itself at a key inflection point. Today closed right at the 0.5 fib level from our Jan 4 high to our Jan 24 low. Coincidentally, the upper bounds of our ascending channel also lies around this price level. If this is truly a lower high and a continuation of a bear trend, I would expect a rejection of this level...