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SPY trade ideas

SPY: Doom and gloomLooks like we are at long term resistance. it is getting rejected multiple times. We already reached 1.61 level, we might retrace back 50% to $455 or $413. Look at the negative divergence in long term RSI, that's bearish. Any new ATH can be shorted I guess. As rates are coming down, we might make one more ATH and then we might retrace back to the support in the upcoming recession. New ATH is in the cards, but not written. Trading is better than investing as of now. If long term support breaks, I guess that's going to trigger a atleast 30% draw down from the peak. We still have time for that I guess. Cheers AMEX:SPY
AMEX:SPY
by MarathonToMoon
SPY: Reversing the Trend? |D&H charts analysis|Daily Chart (Left Side) On the daily chart, SPY has experienced a sharp decline after failing to sustain its upward momentum near the resistance level of $565.16. This pullback has brought the price back below the support level at $554.86, which previously acted as a resistance and support area. The 21-day EMA, which had been providing support, has now been breached, indicating a potential shift in momentum. The next significant support level is at $544.96, highlighted by the red line on the chart. This level corresponds with the previous open gap on teh daily chart. Remember, gaps work as magnets when the trend reverses. A break below this level could lead to further downside toward the $510.75 level, which is the next major support. 1-Hour Chart (Right Side) On the 1-hour chart, SPY has been in a downtrend after a failed breakout attempt above the $563.17 resistance level. The price action shows a clear breakdown from the support at $554.86, which had been tested multiple times before giving way. The downward momentum is evident as the price is making lower highs and lower lows. The next support level to watch is the $544.96 area, which aligns with the daily chart's significant support. Key Levels to Watch Resistance: $554.86 (previous support, now resistance), $565.16 (major resistance on the daily chart). Support: $544.96 (critical support on both daily and hourly charts), $510.75 (major support on the daily chart). Summary SPY is showing signs of bearish momentum after a failed breakout attempt and a breach of key support levels. The 21-day EMA has been breached, signaling a potential shift in trend. The price is currently testing the $552 level on the hourly chart, with the next significant support at $544.96. If this support fails to hold, SPY could see a further decline toward the $510.75 level. Could SPY reject tihs bearish thesis? Yes, but it would need to make a clear bottom sign as soon as possible, and for now, we don't see any. 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 Livermore All the best, Nathan.
AMEX:SPY
by Nathan_The_Finance_Hydra
4
SPY 10-Minute Chart Analysis - September 3, 2024AMEX: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 time the price reaches this level, it gets knocked back down, indicating strong selling pressure. Support Zone: On the other end, the support around 5,560 has held up well, with buyers stepping in to defend this level each time it’s been tested. SPY is currently hovering just above this support zone, which could be a critical area to watch. What’s Happening Now: SPY is testing the lower end of the range, around 5,573.91, after a sharp drop from the resistance. The price is attempting to bounce, but the question is whether this support will hold, or if we’re looking at a potential breakdown. Key Levels to Watch: Break Above: If SPY can gather enough momentum to push back towards the 5,641 resistance and break through it, we could see a significant move to the upside. This would signal that buyers have regained control. Break Below: On the flip side, if SPY fails to hold above the 5,560 support, we might see a more extended decline, potentially opening the door to lower levels. Summary: SPY is at a crucial juncture. The battle between buyers and sellers is heating up as the price hovers near the lower support of the range. Traders should keep a close eye on these levels, as a break in either direction could dictate the next significant move for SPY. Stay alert and be ready to act depending on how the market reacts in the coming sessions.
AMEX:SPYLong
by Deno_Trading
2
SPY Weekly Analysis Sept 2Fibonacci is all that is needed for SPY. Here I have drawn overlapping Fibonacci's from the monthly and weekly perspective. If price were to continue up, breaking the previous all time high, price would continue up to the next Fibonacci level of 579. Typically, when price breaks out to make a new level, it could continue up to test as far at the -50% Fibonacci level of 600. With the expectation of the FOMC reducing interest rates this month, the move to 600, is possible if you are able to hold your position. Keep in mind that there is a support gap from 549 to 543, so at some point price may come down to retest this level.
AMEX:SPY
by RandiMichelle
18
Why ORB and VWAP Have a High Success Rate - Part 2Previously 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 pre-market sentiment. Think of it like the opening scene of a movie: it sets the tone for what’s to come. When the market breaks above or below this range, it’s like the plot thickening—traders jump in, driving momentum in that direction. This momentum is often self-reinforcing, leading to sustained moves that traders can capitalize on. VWAP: The Institutional Trader’s Compass VWAP, on the other hand, is not just another line on the chart. It's the line in the sand for many institutional traders. It represents the average price weighted by volume, and it’s where big players often aim to execute their trades to ensure they’re getting a fair deal. When the price is above VWAP, it’s a sign of strength; below, it signals weakness. This makes VWAP an anchor point for many strategies, creating natural support and resistance levels. The Power of Combining ORB and VWAP Now, let’s bring it all together. When you combine ORB and VWAP, you’re essentially stacking two powerful tools that capture both the early market sentiment and the equilibrium price level that institutional traders care about. For instance, if the price breaks out of the opening range and stays above VWAP, it’s like a green light signalling that the bulls are in control. On the other hand, if the price breaks down and stays below VWAP, the bears likely have the upper hand. The chart you're seeing is a perfect example of this dynamic. Notice how the price respects the VWAP and reacts strongly around the opening range levels. These reactions are not random—they’re the market’s way of telling us where the big players are positioning themselves. To Recap All These The high success rate of ORB and VWAP strategies isn’t just about the numbers; it’s about understanding market psychology and where the big money is flowing. By incorporating these tools into your trading, you’re aligning yourself with the natural rhythm of the market, increasing your chances of being on the winning side of the trade. This combination gives traders a structured approach to navigate the chaos of the markets, and when used consistently, it can lead to more reliable and profitable trades.
AMEX:SPY
by Deno_Trading
Tech Booms Versus Emerging MarketsWhen capitalism nearly died in 2008, major stock market indices experienced >50% drawdowns from all-time highs. After unprecedented interventions by the Federal Reserve — and a historic surge in government debt to GDP — tech, growth, and the S&P 500 have seen stellar returns. (QQQ, VUG, & SPY respectively above). On the other hand — small caps (VB), value (VTV), real estate (VNQ), developed markets (VEA), and emerging markets (IEMG) — have significantly underperformed. Tech companies have become more valuable than most countries’ GDP. Recently, the total market cap for top tech companies has surpassed $14T. Will the tech boom continue upwards or is it time for small caps plus value to mean revert to a fair historical share of the total market? Tech also leads dominance for the U.S. versus other developed and emerging markets. More recently, the divergence is especially striking in percent returns and drawdown visualizations since 2020.
AMEX:SPY
by MikeCoMacro
Happy Labor day SPY Lovers ! (4hr Chart Analysis)This is our 4-hour chart, and as you can see, I am linking it with the daily chart I published earlier. What I want you to notice is the number of orders positioned at 544.58. We must take into account that on our daily chart, this is the second time the price has activated the institutional order block, and there was no intention of a breakout; it was simply rejected as we predicted last week. The price on the 4-hour chart has only moved within a range and hasn't been able to surpass all-time highs yet. Looking at the chart, it gives me the impression that it might reject again. No one knows what will happen; this is an analysis based on historical movements, price action, and smart money concepts. Let’s see what Tuesday brings, but for now, enjoy your Labor Day! Cheers, and thank you for supporting my analysis.
AMEX:SPY
by RocketMike111
Hey SPY LOVERS ! Happy Labor Day ! (Daily Chart Analysis) There really isn't much to see here. The entire week we were simply in a broad range. The price activated the institutional order block for the first time and made its natural rejection, as we mentioned in the previous analysis, showing liquidity for several days. However, the price regained strength to return to the institutional order block once again. There are 2 things I can identify on this chart: 1- The price, volume, and strength to return to the order block. 2- On a 4-hour chart, the price is showing a lot of orders positioned to the downside, which makes me think that the price might not have the strength or volume it's looking for to break the institutional order block and surpass the ALL TIME HIGH. In conclusion, we have to wait for the market to open tomorrow, as today, being "Labor Day," there was no session I will publish my 4-hour chart and link it with this one so you can see the number of orders positioned around 544.58. Let's see how it goes when the market opens on Tuesday.
AMEX:SPY
by RocketMike111
S&P recovers; bulls maintain long-term controlThe last week of August was sluggish, despite several exciting events. First, NVDA’s earnings, although very strong, failed to boost the market beyond its daily trading range. The GDP and inflation data (positive) released later also didn’t provide sufficient momentum, and the market continued to bracket. The week closed at the high, but buyers didn’t manage to break out of the trading range and confirm control of the daily timeframe. We can conclude that the market has reached a temporary balance—both bulls and bears seem content with the current price and lack the conviction to initiate strong moves. Zooming out to the monthly view, August closed green, near the historical high. The long lower wick signifies a bullish rally that brought the price up from the low, indicating the strength and conviction of the bulls. Although the bulls didn’t manage to achieve a new high, they still maintain long-term control. Overall, the market is still in a monthly and weekly uptrend. Even if sellers manage to set a weekly lower high in September, it is unlikely to mark the start of a trend reversal. Buyers have created enough space for potential weekly consolidation that will not threaten their long-term control. Important levels: Last major weekly trend high (565). If buyers manage to move above and hold they will confirm continuation of monthly uptrend. Last major weekly trend low (510). Buyers must protect this level if they want to keep long term control Short Term Trading range (555-564). Breaking out from the range in either direction will mark gaining of a short-term control.
AMEX:SPYLong
by hermes_trisme
SPY The Target Is DOWN! SELL! My dear subscribers, My technical analysis for SPY is below: The price is coiling around a solid key level - 563.59 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 561.46 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
AMEX:SPYShort
by AnabelSignals
5
SPY shows more interest in rallying than beforeSPY is starting to show more signs that a breakout above the flat trading its in is coming We see increased volume over peaks of previous rallies indicating agreement with pushing up prices RSI's SMA starts to break through the 50 line comparing to the QQQ, its experiences another false breakout above for the second day in a row. Showing the tech sector is attempting to turn around to the upside SPY continues to still trade flat but show more confidence in its small rallies than previously
AMEX:SPY
by ratchet-mint
Opening (IRA): SPY August 30th 486 Covered Call... for a 481.76 debit. Comments: Re-upping in SPY in slightly longer duration, but with the short call at about the same delta as the one I took off, resulting in a lower buying power effect and break even with the primary goal being to milk a little more out of August before moving onto Sept. Again, un-sexy metrics as a standalone trade: Buying Power Effect/Break Even: 481.76 Max Profit: 4.24 ROC at Max: .880% 50% Max: 2.12 ROC at 50% Max: .440%
AMEX:SPYLong
by NaughtyPines
SPY Before the Long Weekend. 8/30/24Chart Overview: Time Frame: 1-hour chart Indicators: Price levels, trendlines, and RSI (Relative Strength Index) Key Levels: Resistance Levels: 563.91: This appears to be a key resistance level that SPY has tested multiple times without breaking above. 563.64: Close to the previous resistance, this area seems to be another strong resistance zone. Support Levels: 562.19: This level is currently providing support, as shown by the recent price action bouncing off this zone. 557.24 - 558.00: This zone represents a stronger support area, with multiple touches indicating a solid foundation. 553.47 - 553.41: The lowest support zone on the chart, a critical level for the bulls to hold. Trendlines: Ascending Trendline: There is an upward trendline starting from the lows, indicating a bullish trend. The price is currently respecting this trendline, which is crucial for the continuation of the uptrend. Wedge Formation: The price action is forming a wedge, with the upper boundary at the resistance level and the lower boundary along the ascending trendline. Wedge formations usually indicate potential breakout scenarios, either to the upside or downside. Possible Scenarios: Bullish Scenario: If the price breaks above the resistance at 563.91, we could see a continuation towards the next resistance level, potentially around 570.00 (as indicated by the upper trendline). The ascending trendline support should hold for this scenario to play out. If the price continues to respect this line, it’s a strong sign of bullish momentum. Bearish Scenario: If the price fails to break above the resistance and falls below the ascending trendline, it could lead to a decline towards the support zone at 557.24 - 558.00. A break below this support zone could lead to further downside, targeting the 553.47 - 553.41 area. RSI Analysis: The RSI is hovering around the middle range, not indicating an overbought or oversold condition. This neutral position means that the market could swing either way, depending on how the price interacts with the key levels mentioned above. Strategy: For Bulls: Watch for a breakout above 563.91 with increased volume to confirm the move. Consider entering on the breakout and setting a stop loss just below the ascending trendline. For Bears: If the price breaks below the ascending trendline, look for short opportunities with a target around 557.24 - 558.00. A break below this support could provide more downside. This setup requires careful monitoring of the key levels and price action to determine the next significant move.
AMEX:SPY
by BullBear-Insights
Fed’s Preferred Inflation Indicator TomorrowTomorrow’s macroeconomic calendar is set for a major event! 📊 At 8:30 AM Eastern Time, we’ll see the release of the Fed’s preferred inflation indicator: the Personal Consumption Expenditures (PCE) price index. The implied move for PCE is +/- 35 points, with the estimated month-over-month core PCE at 0.2%. 📈 Stay tuned for market reactions and how it could impact the broader indices! SP:SPX AMEX:SPY NASDAQ:QQQ #Finance #Investing #MarketWatch #EconomicData #Inflation #PCE #Fed #StockMarket #FinancialNews
AMEX:SPYLong
by AlgoTradeAlert