Expired SPY Weekly outlook. 3rd WK MAY 2024Expired 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 Longby putIQ1
SPY simple chart analysis: following previous post ideaElliot Wave finished forming the A of ABC correction just on the fourth wave of giant minor E.W. D1 t.f.. Two sets of abcde waves finished and builded a complete smaller abc correction, giving open doors for a bullish momentum. Trend still can continue until 300% of E.W. fibonacci. fibonacci is between the 0 and 2 of E.W., starting from 50% instead of 0. It already passed atractive channel giving opportunity for sideways. Note: I sugest to not take this trade if you are starting it😋.Longby FtradorexUpdated 3
$SPY May 15, 2024AMEX:SPY May 15, 2024 15 Minutes The SPY is not retracing. It is resolving divergences and aligning moving averages through sideways movement. Now as expected once 522.75 was crossed we are back in business. I will consider two numbers. The rise from 515.15 to 532.582 and 520.56 to 523.82. Maintaining a hold at 518.5 is crucial for the former, while for the latter, 522 holds significance. Currently, 522 represents the 100 averages over a 15-minute span. Therefore, with this hold, my target ranges between 524.5 and 525.5. Hence for the day I will buy on a retrace to 522 - 522.5 levels for a target 524.5 to 525.5. I anticipate a retracement since the last bar reached the high of the day and closed near the low of the bar. Technically, I should only buy above the high. However, I am considering a retracement buy if it occurs. On downside if AMEX:SPY breaks 521 I will short for 518.5 being 200 averages in 15 minutes. Even though today I have only $2 on either side, I am willing to take a trade because the box has been broken and the sideways trend has ended. by RiderTrader116
Bearish cypher by AD/MONEY FlowAD running a bearish cypher pattern on the 4hr. Also money flow/AD peaking with price action. Price action also hit my 1.618 fib level which is bearish. Money Flow and AD needs to breakout above b leg, however the down trend looks In tact. Short term bearish outlook. Shortby moneyflow_trader303016
TGR pt.2 - SPY vs. gravityThis chart uses symmetric trajectories from the early distribution phases to estimate the path price will take to initiate markdown. Initial target = 506-508. If SPY finds resistance at 516 then the initial target could hit by the end of this week (5/10). If SPY breaks above 516 it should find resistance at 518-520, and then the initial target will be delayed - 506-508 would likely still hit by 5/17 if the latter case is realized. Goal Target = 492 by 5/13 earliest, 5/23 latest. Could extend lower into the 480s but still need a confirmation signal to establish time to target. ---------------------------------------------------------------------------------------------------------------- My Trade(s): - Entered July 19 SPY 506 puts for 6.85 (underlying price = 515.47) - Will Add if SPY continues higher (looking to add in the 518-520 range) - Will Add if SPY closes back below 514. ================================================================================ This looks doomed, but is there enough residual demand to keep this afloat until June? Or will conjunctions of larger forces pull this further down in May... It depends on if we break back below 514 - that's all it will take to spur a rapid selloff. Shortby JerryMandersUpdated 565650
Resistance And SupportCurrently, the candlestick is in a consolidation phase. However, based on the trend analysis and observing the support and resistance lines, there is an opportunity for an upward movement. In the resistance direction, the price is likely to rise to 524.61. And if the direction reverses to a downward trend, the profit-taking point for the downward leg is at 466.43.Longby fame25332
SPY Tracking Heads and shouldersTracking head and shoulders along with wave 5 of 5 completion to bring this into play. Two pieces of information to watch as the days progress. Feels bullish and it is But market moves in waves We care coming up on a correction when we complete 5 0f 5 Update as we go www.tradingview.comLongby Mouse420
#SPY Analysis, Key Levels & Targets for DAY Traders for PPIAlright, y'all... tomorrow's trading range is not necessarily a difficult one for PPI. Options are not taking the range out too far even though we did get a good spike in the VIX... There is a full walkthrough on the video tonight. by SPYder_QQQueen_Trading1
$SPY May 14, 2024AMEX:SPY May 14, 2024 15 Minutes. As expected, the oscillator divergence is playing out. Sideways until sorted. Yesterday we had a gap up open and could not sustain and the first bat had close near low of bar. We have 9,21,50 and 100 moving averages around 520 levels. 200 is about 517. For the day if SPY opens gap up above 522.7 I do not expect it to sustain. I will watch the first 15-minute bar closely. I still am biased towards 518-515 correction. If 519 is broken on downside. If for any reason, we do have tight range today. Tomorrow Wednesday we will make good few dollars. For the day I will have a target 523.5 to 524.5 for AMEX:SPY above 522.75 with good close in 15-minute bar and on short side 517 - 518 if 519 is broken. So, considering we have only a 2$ range on both sided i will sit out and watch today. Shortby RiderTrader334
$SPY possibilities for 05/14/2024Just for educational purpose trying this for the first time tomorrow AMEX:SPY possibilities ad drawnLongby jaisrav0
Bat Pattern FailI was wrong in my idea last night that we were following a bat harmonic pattern in bear country. While I still see a pull back imminent, I note what I realize this morning, that this is not matching ANY harmonic pattern (AB and BC aren't aligning to the required .38 or .88 ratio) Shortby Bwinks0
$SPY May 13, 2024AMEX:SPY May 13, 2024 15 Minutes. Had a gap up on Friday. I sold into strength. I had a view of 522 levels with bias down as oscillator divergence. We can see the divergence more prominent now. Also, if you see in daily the rise is steep and 9 averages is around 512 and 21 around 508 levels. And in one hour chart we have the 522.63 bar having close near low of bar. All these are negative bias for me. For the day we have 100 averages around 518.5 and 200 averages around 514 levels. So, if 518 is broken I will short. And i will buy above 522.75 only (as per 60-minute bar pattern explained above) We have an unfilled gap around 508.5 levels. So, for the rise 508.56 to 522.63 if 518 is broken the short i will enter will have target 514 to 515 levels. Shortby RiderTrader444
spy weekly 13th May 2024Welcome to Spy weekly. I have discussed the levels and my expectation of the market. If you have any doubts feel free to msg me.07:11by THECHAARTIST445
SPY 1D - Potential Paths This WeekSPY quickly broke out of its downtrend and even broke out above a bear flag that had been forming. We had a low volume week last week, but SPY closed strong, pushing all the way back up to $520. It's wild to look at where SPY is now considering what the market was like just a few weeks ago. Bears get squeezed once again. I have a lot of suspicions about this rally, so I'll mostly be sitting on hands until after CPI. Anything could happen this week, but this is a bullish chart for now. Only things that are concerning for bulls are the low volume and the last daily candle from Friday being a gravestone doji.by AdvancedPlays114
STop wasting time only forecast needed i have posted recently was a little sloppy hopefully you take these dates into actiopn spread the word with your love ones we will take out 2020 lows similar to 07 crash look at my public profile for a better understandingShortby cw1sss555
✅SPY MOVE DOWN AHEAD|SHORT🔥 ✅SPY surged again to retest the resistance of 524.57$ But it is a strong key level So I think that there is a high chance That we will see a bearish pullback and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx3
SPY Technical Analysis! SELL! My dear followers, I analysed this chart on SPY and concluded the following: The market is trading on 520.83 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 512.34 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals114
read left to right may forecastwill chop monday open higher on mday close low open low close not high but wen will open higher and crash @ 8;30 or 11:48Shortby cw1sss1
will be the last analysis you need spy will crash this month or this month we might end flat what some peopkle say is a doji. if we doo one month left till crash... market is cycle look at 1890 to 1933 this the sauce wake up... click on my profile ill post it for you :) we will crash on a lower time frime aka the trendline... after 2030 will will rally till we cant cu m no more... thats the 29 crash shift to chinaa will happen then repeat cycleShortby cw1sss0
SPY Resistance Ahead! Sell! Hello,Traders! SPY is going up now But a horizontal resistance Around 524$ is ahead So after the retest we will Be expecting a local Bearish move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too! Shortby TopTradingSignals114
SPY: Short Signal Explained SPY - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell SPY Entry Level - 520.83 Sl - 525.68 Tp - 511.78 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals114