Main Focus List Review 8-21-24 EXTGoing over our Main Focus list EXT times looking for clues as to what the market wants to do and setting up a game plan for each of our focus stocks/indexes. always know where you'll get out if you're wrong. dont be a counter trader. Just Don't Do It09:39by BobbyS813Published 1
SPY/QQQ Plan Your Trade For 8-21 : Top Pattern Today.I expect the SPY to move into a moderate bullish price phase, attempting to peak somewhere below 561-563, then roll into a moderate downward price trend - possibly ending the day near 553-556. Why do I expect the SPY to roll to the downside after peaking today? My SPY Cycle Pattern shows a TOP pattern today. Top patterns usually start with a moderate uptrend, leading to a peak in price, followed by a moderately sustained pullback/downtrend. The 553-556 level is the nearest moderate support level. The 561-563 level is just above yesterday's high and well into the SPY upper GAP window, which will likely act as resistance. Buckle up because we are moving into at least 2~3 days of trending sideways before transitioning back into the rally phase. Gold may attempt to move above $2570 today. Bitcoin needs to find support, otherwise a breakdown in price in likely over the next 3+ days. It should be fun to see how things play out this week.Long18:47by BradMathenyPublished 7
SPY Trading Day TNRTThis reading day about spy in a girl who likes to toast and Rita's and get money while she's mine of her business having margaritas, and say what up to the squad game/Short03:06by AbbeyBandzUp617Published 1
SPy PracticeYes. Trader that likes to trade spy, and get money while minding my business01:27by AbbeyBandzUp617Published 115
Spy The Most Accurate Play To $560 From $510 Now What?Well Now We Are Near My $562 Price Target Its Simple I'm Sitting Out Of The Market On My Nice Profit From $510 All The Way Up To $560!!!! I'm Goin To Wait For Us To Break Over $565 For An All Time High To Enter Bk in!! Follow & Subscribe For Up To Date Trading Tips & Tricksby JoeWtradesPublished 242411
Weekly Trade Ideas - SPY LULU RTY VX AMZNHere's a video recap for some of my favorite trade ideas for the week. LULU is my top pick and also still riding GME and COIN puts from last week. Should be interesting, I think all of these are pretty solid. I'll recap them at the end of the week.16:36by AdvancedPlaysPublished 332
SPY Paths Moving ForwardSPY is at an interesting spot, it has reclaimed the downward trendline that started in early August, but is yet to reclaim the uptrend from April. We also have ATH shortly above. I could see a test of that area leading to a rejection that may bounce and eventually continue higher if it can hold the trendline. To the downside, if it breaks below tomorrow or soon, my first target would be the gap fill below around 545. I think anywhere from the 530-540 area could as well. That's a big range, but these are decently long term trends and volatility is elevated recently so we can definitely see that area hit quickly if we do sell off and get a fakeout above rather than a breakout.by AdvancedPlaysPublished 115
Inverted hammer Lesson with some good set up ideas I go through the chart on spy for August 20th 2024 and show the good setups throughout the day. Another losing day for me today but we keep moving forward. Thanks for watching and supporting me. 07:31by carsonusa5Published 221
SPY pullback into structureThe last confirmed break of structure to the upside is shown as the green rectangle. Price will ALWAYS come back to test the area. We are now in bearish structure, as shown by the red Ray. And gmfor you EWavers out there, I believe us to be about to finish the B of an ex flat for Y of this WXY pattern. TarShortby ell0070Published 5520
Carl V bearish patternThis pattern is from Bulkowski's pattern site. Carl Vanhaesendonck or Carl V discovered the pattern. I am seeing them on many major ETFS of USA and also world ETFs such as ACWI. For the SPY the target is 506. It is quite an extreme pattern and involves wild swings. Notable the VIX has a Carl V bullish pattern targeting the 60's. IF the target is met, the open question is does price fall further down in a more extreme panic...by TomNewYorkPublished 223
SPY drop, bounce, u-turnSPY trade idea 5:1 ratio Short = 565 Stop = 570 Profit = 540 (SPY) S&P 500 index rapidly dropped in a week, then bounced in a V shape recovery for 2 weeks, now it could u-turn back down. SPY is back at it's resistance level of it's 2 year trend channel. There's not much upside left this week from the 560 area. However, it could temporarily false breakout. I'm posting this as a short because there's way more downside than upside potential for the next month. Since there has been steady momentum going up from Monday 8/5 bounce off 510 low, this short setup will probably take a few days. It's likely a catalyst related to newsworthy current events (Macroeconomic / Geopolitical) will u-turn the momentum around. The trajectory of this SPY 2 year trend channel ends 2024 at these levels. High: 590, mid: 570, low: 550. S&P 500 average annual return since 1957 is around 10%. Over the past 10 years SPY annual returns are: 2015 = -0.81% 2016 = 9.64% 2017 = 19.38% 2018 = -6.35% 2019 = 28.79% 2020 = 16.16% 2021 = 27.04% 2022 = -19.48% 2023 = 24.29% 2024 = 17.74% YTD SPY options data: 8/23/24 expiry Put Volume Total 227,406 Call Volume Total 194,390 Put/Call Volume Ratio 1.17 Put Open Interest Total 453,568 Call Open Interest Total 231,880 Put/Call Open Interest Ratio 1.96 8/30/24 expiry Put Volume Total 106,190 Call Volume Total 71,114 Put/Call Volume Ratio 1.49 Put Open Interest Total 1,325,995 Call Open Interest Total 400,252 Put/Call Open Interest Ratio 3.31 9/6/24 expiry Put Volume Total 34,413 Call Volume Total 27,127 Put/Call Volume Ratio 1.27 Put Open Interest Total 409,413 Call Open Interest Total 82,889 Put/Call Open Interest Ratio 4.94 9/13/24 expiry Put Volume Total 26,054 Call Volume Total 32,626 Put/Call Volume Ratio 0.80 Put Open Interest Total 790,615 Call Open Interest Total 72,179 Put/Call Open Interest Ratio 10.95 9/20/24 expiry Put Volume Total 240,533 Call Volume Total 90,520 Put/Call Volume Ratio 2.66 Put Open Interest Total 2,778,151 Call Open Interest Total 878,237 Put/Call Open Interest Ratio 3.16Shortby Options360Updated 2214
SPY Trending UPPrevious days last 5 min candle strong bullish volume still pushing markets upLongby orcunPublished 3
$SPY August 20 ,2024AMEX:SPY August 20 ,2024 15 Minutes. For the rise 548.88 to 559.58, holding 555 levels uptrend continues for te day. A retracement to 552 will give an opportunity to add longs.by RiderTraderPublished 220
Resistance then profit Going to watch that 565 area for some resistance ideally then hopefully a retest after that, eventually breaking through 565 for a decent profit. by StoxorPublished 2
Lessons From my Losses August 19th 2024 Today the price action again was not ideal. I talk about not getting into trades based on FOMO and overtrading, which I did today. I am a little upset with myself as I was not disciplined. I showed a trade with great confirmation on the 15-minute chart I missed. Let me know what you guys think in the comments and tell me about how your trading went today! Editors' picks06:31by carsonusa5Published 66106
SPY - 8/19/24SPY for Brett, honeydrip, chekcing out levels/trend line analysis. -- calLongby calgunsaulusPublished 0
Hello traders and investors! :)Hello traders and investors, SPY will pump to 585$ and dump to 370$. So remember to take profit around 585$, and buy back millions of shares and retire when SPY is at 370$! Genious hedgefund inside insight for free just to help you guys out, have a nice day.Longby KetilJohanPublished 444
SPY S&P500 ETF W-Shaped RecoveryIf you haven`t bought the previous correction: Now historically, the SPY S&P500 ETF has demonstrated a consistent pattern where a Relative Strength Index (RSI) at or below 30 triggers buying activity. This technical indicator, typically viewed as signaling an oversold condition, has reliably attracted investors looking to capitalize on perceived undervaluation. As a result, these dips have been quickly bought up, suggesting a strong market tendency to rebound from such low RSI levels. I expect the recovery to be V-shaped or W-shaped, ending the year higher.Longby TopgOptionsUpdated 2
SPY UptrendingVolume is bullish and VIX is dumping - > SPY LONG -> SPY UptredingLongby orcunUpdated 0
Will The SPY Hit 650-700?Just an update on progress in the markets. The dollar has hit my support level already. Because of the quick drop, I expect it to continue to drop even further, though we may get a bit of a bounce first. The Vix is back down and inside of our long-standing sideways channel. And gold has hit its target to the upside. Plus we'll talk about where the SPY (and U.S. Stock market) is going. That section of the video begins around 07:30 if you want to skip right to the title content of the video. And towards the end of the video, we'll of course discuss where I think Bitcoin is still going before the end of the year and also, where I think it will end up by the end of next year. These are longer-term targets but they are not solely predicated upon technical analysis. Though the technicals do help support my claims, there is also some fundamental rationale for why I believe the markets remain so volatile, but overall, they will continue their journey upwards.Long17:34by stewdamusPublished 2
Expectations for the week in the SPY ETF!!I took a look at the weekly charts of AMEX:SPY to see what we might expect this week. I have some expectations based on statistics that might help you understand what could happen. Normally, the lows of a week are higher than the lows of the previous week 57.39% of the time. But these chances increase significantly in certain situations, and those conditions are present right now. -There’s a 74.93% chance that this week's low will be higher if last week's close was higher than the open. -If last week's close was the highest of the last 5 weeks, this chance goes up to 77.11% . -And when last week's close was higher than the previous week's close, the probability is 72.79% . As for the close of the week, 64.62% of the time it tends to be lower than the high of the previous week. But this probability also increases to over 70% under certain conditions, which are also present now. -There’s a 72.96% chance that this week's close will be lower than the previous week's high if the open from five weeks ago was higher than last week's close. -And if last week had a range (difference between high and low) greater than 4.13%, the chance is 72.27% . Disclaimer: These expectations are based on statistics and do not guarantee results. The financial market involves risks, but with this information, you can manage your positions and even build smarter trading systems. Just remember to always make decisions with caution.by LuccasChartRoomPublished 1
Dead Cat or Rally?Same as the QQQ chart, SPY has completed the measured DBW move. Has cleared major pivot fibs, but the gap up stopping at the .782 could be just an exhaustion gap. Scaling into short term hedges 4-5 weeks out at .618 and .382 retraceby Coach_KevPublished 0