Expired SPY Weekly outlook. 4th WK JUNE 2024Expired 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: 539Longby putIQPublished 1
SPY Set To Fall! SELL! My dear friends, My technical analysis for SPY is below: The market is trading on 544.13 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 533.26 Recommended Stop Loss - 550.98 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 114
Plan Your Trade 6-25-24 - Base Rally DayThis video continues my series on planning your trade around my SPY Cycle Patterns. Today is a Base Rally pattern. I suspect the price will attempt to climb above $544 and may attempt to rally above $550 over the next few days. This is an excellent opportunity for traders to swing for the fences with long trades. Time your entry. If the price fails to rally above $544 in early trading, we may see a strong rally later this afternoon. Tomorrow is a Breakaway pattern in counter-trend mode. I suspect we'll see a bit of a downward price swing tomorrow after today's strong rally. Then, another push to try to rally above $550 on Thursday. Plan your trade. Learn how I can help you stay ahead of these bigger price swings.Long06:03by BradMathenyPublished 221
SPY Massive Head and shouldersHead and shoulder chart patterns have been the most reliable indicators as a top of a market. Over the many such patterns they have proven to be very accurate. We are now looking at a 5 year chart with a huge very obvious left shoulder - head - and now right shoulder. To complete this bearish pattern a break below existing area would indicate a 6-12 month drop from this level. Take maximum protection !!!!! Shortby jdouglas020Updated 111
SPY SELLERS WILL DOMINATE THE MARKET|SHORT Hello,Friends! Previous week’s green candle means that for us the SPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 516.43. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 225
$SPY June 25, 2024AMEX:SPY June 25, 2024 15 Minutes. 546.5 was good level to short. For the day since close was near low of day, and all moving averages broken i have a target 538 levels which is a common number in higher frames moving average support and fib value too. For example, 15 Minutes 538-539 is 61.8 % retracement value 30 minutes it happens to be 200 average number 60 minutes it is 100 averages number 180 minutes it is 50 averages. So, traders from all these time frames will be targeting this value. Buy only above 550.5 as of now for longs, until we have a trend change for 550 as target. Shortby RiderTraderPublished 335
SPY - quadruple witchingHere’s a more detailed explanation of what happens during quadruple witching: Stock Index Futures: These are contracts to buy or sell a stock index at a future date for a predetermined price. Stock Index Options: These give the holder the right, but not the obligation, to buy or sell a stock index at a specified price before the contract expires. Stock Options: These give the holder the right, but not the obligation, to buy or sell a specific stock at a specified price before the contract expires. Single Stock Futures: These are contracts to buy or sell shares of an individual stock at a future date for a predetermined price.Longby alexpv73Updated 0
Plan Your Trade 6/24/24 - Prepare For Rolling Price ActionThis continued video series focused on my SPY Cycle Patterns teaches you how to plan for future price swings and bigger trending days. Today, I expect the SPY to stay relatively muted in trend—possibly moving downward overall. The Up-Down-Up (countertrend) pattern suggests that the price will want to move downward today, perhaps setting up support near $541.50 to $542.50. I don't expect anything big to happen today as today's pattern is followed by three days of an upward price trend. That upward trend is your opportunity for profits. Tuesday, Wednesday, & Thursday look like a bigger opportunity for long trades than Monday or Friday. Friday's CRUSH pattern suggests a fairly strong downward price trend. I would be cautious of taking long positions on Friday until possibly the last 60-120 min of the day (if we see a short squeeze setup). Please use this information efficiently. I'm trying to show you how to use my SPY Cycle Patterns to plan your trading and find the best opportunities. I will have more info tomorrow as I continue this video series.Short05:10by BradMathenyPublished 1
$SPY June 24,2024AMEX:SPY June 24,2024 On Friday AMEX:SPY tool support at 543 levels as per setup. If this is broken today, we will have a target 538 levels. 538 is 50 averages in 60 minutes. For the rise 532.04 to 550.12 538 is also 61.8% retracement. For the fall 550.0 to 543.02 61.8% retracement is 547 level which is a good level to short. How ever f AMEX:SPY breaks 542.8 levels we can short for 5$ trade. So, 546.5 to 547.5 is a good level to watch and short as per candle closure. Shortby RiderTraderPublished 4
SPY: Bulls Will Push Higher Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy SPY. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignalsPublished 1110
Spy Levels for 06/24-06/28As we can see in the charts, we have several levels that are key to buy since SPX and SPY both briefly touched the levels 5500 and 550 respectively. With that important level in mind, and the overall direction of spy being bullish, we can identify several key levels for the weekly support. The biggest resistance still holds at 550 level that would be key rejection zone if the markets keep pushing higher. if that happens. Spy should see another selloff which can initiate a possible correction until good economic data doesn't come forward. But as of now, these zones can help identify a quick scalp and possibly even a swing trade. Keep an eye out, we don't want to miss out on the quick bullish momentum!by Piro_Trader_98Published 2
Expired SPY Weekly outlook. 3rd WK JUNE 2024Expired 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: 537Longby putIQPublished 1
Plan Your Trade 6/21 - SPY Cycle PatternsPlan your trade to prepare for future price moves using my proprietary SPY Cycle Patterns. This is a continuing video series related to my proprietary SPY Cycle Patterns. These unique patterns highlight potential price moves/trends weeks and months in advance. I wanted to highlight the next 15+ trading days on the charts and track these potential setups to see how closely my expectations translated into price moves. About 3+ days into this experiment, we should see a Top/Resistance price trend today. This is usually where the price attempts to rally upward to a peak, then rolls downward, seeking a new base/bottom. Follow my research and learn how to Plan Your Trades more efficiently.08:00by BradMathenyPublished 0
$SPY June 21,2024AMEX:SPY June 21,2024 550 was achieved with gap up. Covered shorts at 546 being 23.6% retracement for the move 532 to 550. At the moment in 15-minute time frame AMEX:SPY below 9,21 and 50. Took support at 100 averages and bounced twice during the day. Also, for the fall 550.12 to 545.19 it retraced back to 61.8% being around 548 levels. For the day I expect AMEX:SPY to be weak and if 545 is broke I have a support at 543-544 levels being Fib levels and 200 average supports. And we are supported by oscillator divergence between the numbers 543.96 and 550.12. Price made higher and oscillator lower. So, at the moment 550.12 looked end of wave 5 for the current move. AMEX:SPY should target for 540-543 levels. As seen in chart the stochastics has a black bar at bottom and on crossing top during the day no black bar on top. For me this is a sell on rise signal. So, for the day if i get a bar around 547.5 levels and close near low, I will short for 543-544 levels SL 548.5-548.75. As mentioned, 544 is crucial to hold.Shortby RiderTraderPublished 112
SPY, QQQ & NVDA: Week of June 17Hey everyone, Wasn't in the mood to type, so here is my analysis in video format! Hope you enjoy and as always, feel free to leave your questions below :). Safe trades! 15:35by SteverstevesUpdated 101032
Standard Corrective Phase... 2-3% to goS&P500 has a history of 50% retracements in uptrends.. We had 3 quarters of positive price action.. a 50% retrace isn't out of the ordinary for the indexes and based off this data, a further drop in the index of 2-3% seems inevitable. Shortby TheTraderAndyUpdated 2
$SPY update: Idea hasn't changed, only the timing. $480 next.Update: Largely the same idea, just the timing changed. I was wrong in that I initially thought we'd reject the $525-530 area and move down to my target of $480, then form a final high by the end of July/August around $550. However price decided it wanted to go straight higher to $550 area before it falls. Think we'll see a final high be put in sometime in the next week, then we'll finally make the move lower to my target of $480. The current move extending all the way to $550 gives me confidence that this is likely to be the top for the year and we shouldn't see a move back to this area. While the index is going to start its decline into a bear market, certain individual stocks will still see new highs. The tricky part will be identifying which ones still have upside left. Largely I think we'll see the long-term reversals on the Mag 7 and money flow into value stocks. Lots of beaten up charts that look good for upside soon. I'll start sharing those shortly.Shortby benjihyamPublished 353528
Market Soars with Unyielding MomentumLast week was marked by complete bullish dominance. After positive inflation data was released on Wednesday, the market opened with a significant gap up. The next day, sellers made a sluggish attempt to fill this gap but never came close. To sum it up: 1. Prices are in an uptrend on weekly, monthly, and daily charts. 2. Last week closed strong with almost no seller pressure. 3. There is an unfilled gap from Wednesday, the 12th. So far, this market is fully controlled by buyers. Notably, growth is driven mostly by tech stocks, reflecting a "risk-on" mode of investing. Some people are concerned about the narrow breadth, but it doesn't matter much whether growth is driven by many names or just a few large stocks. While narrow breadth can lead to increased volatility, the fact is that money is being poured into the market. As long as this continues, the market will remain strong. Disclaimer I don't give trading or investing advice, just sharing my thoughts. Longby hermes_trismeUpdated 3
$SPY June 19, 2024AMEX:SPY June 19, 2024 15 Minutes. Holding 547 AMEX:SPY is aiming for 550-551.5 as next target. Last support for this uptrend is 544 levels which is 61.8% retracement for the last rise as marked. Longby RiderTraderPublished 8818
Spy enters danger zoneWe are now 200 points and 20 months from oct 22 bottom. Shortby OppolloPublished 112
Learning To Plan Your Trade With SPY Cycle PatternsDid you watch my SPY Cycle Pattern video this morning? Were you aware that today was designated a Harami-Inside type of price action? This type of pattern represents a very narrow, often trendless, trading day. I warned all of you before the market opened that today would be a day to sit back and wait for the market to show us whether it wanted to trend or not. Obviously, there were some quick pullbacks and trends—but nothing very big. If you had stayed out of the market most of the day, you probably would have been happy avoiding the chop. Tomorrow is a big CRUSH pattern. These patterns are usually fairly large price range bars that often move against the 3~5 bar trend - in this case, downward. This video covers the next three weeks of trading in the SPY and shows how I read the SPY Cycle Patterns as "sentences" related to how prices will react and move (including trends and ranges) going forward. Of course, nothing is 100% perfect when predicting future price trends. But I think you'll find real value in the SPY Cycle Patterns and how they can help everyone prepare for the type of price action to expect. Plan your trade. Use all the tools required to help you make better decisions. Remember, trade only when the market provides opportunity and efficient price trends. I'll keep updating these videos for all of you over the next few weeks. Let's go make some money as the markets trend into Q2:2024 earnings.Long15:12by BradMathenyPublished 0
SPY: Daily and Weekly Chart InsightsDaily Chart: Ascending Channel and Key Breakout The daily chart of the SPY shows a robust upward trend within an ascending channel. The price has been making higher highs and higher lows, respecting the channel's boundaries. Key levels include the lower boundary of the channel as dynamic support and the 21-day EMA as a critical support level. Recently, SPY broke above the previous top at 533.07, suggesting a continuation of the bullish trend. Only if the SPY loses the 21-day EMA and this $533.07 support we would see a mid-term pullback. If the price continues to respect the ascending channel, it could reach higher resistance levels around 560. Weekly Chart: Bullish Momentum and Support Levels The weekly chart highlights a strong bullish trend with consistent higher highs and higher lows. The price is well-supported by the 21-week EMA. Key support levels include the 21-week EMA and the previous swing low at 524.11. The recent break above previous highs around 533 indicates sustained buying interest. If the bullish momentum continues, SPY could move towards the 550-560 range. However, a break below the 21-week EMA might signal a potential correction, with the next support around 500-510. Conclusion: Strong Bullish Momentum with Clear Support and Resistance Both the daily and weekly charts of SPY indicate a strong bullish trend within an ascending channel. The recent breakout above the previous top at 533.07 on the daily chart and the consistent higher highs and higher lows on the weekly chart suggest that the bullish momentum is likely to continue. Key support levels to watch are the 21-day EMA at 534.43 and the lower boundary of the ascending channel on the daily chart, as well as the 21-week EMA at 514.79 on the weekly chart. Resistance levels include the upper boundary of the ascending channel and the psychological levels around 550-560. Overall, SPY appears poised for further gains as long as it remains within the ascending channel and above the key support levels. We should monitor these levels closely for potential breakout or reversal signals. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermoreby Nathan_The_Finance_HydraPublished 9
Plan your trade for 6/18/24 - SPY researchHere is another video to help you prepare for the next 2+ weeks of trading in the US markets. Using my specialized SPY Cycle Patterns and technical analysis, I still see the markets consolidating in a melt-up type of trending over the next 2+ weeks before moving into a strong rally phase near late June/early July. You can see how my SPY cycle patterns help into understand opportunities and when to prepare for more aggressive trading. Today is a Harami-Inside pattern - meaning I will be mostly sitting on the sidelines today. Maybe targeting one or two quick trades. But tomorrow and the rest of this/next week look very solid for more moderate/aggressive trading in bigger price trends. And, I'm going to start preparing for the RALLY, RALLY, RALLY phase near July 1, 2024. Learn how my specialized research can help you. Learn the Mechanics of Trading. Let's go get'em.Long10:14by BradMathenyPublished 1