$SPY July 10, 2024AMEX:SPY July 10, 2024
15 Minutes.
I need a pull back.
Oscillator divergence at play.
556-558 targets done.
Now a pull back to 553 levels is a must to sort out divergences.
I am still waiting as per marked box numbers.
SPY trade ideas
Is SPY Overbought?SPY is approaching resistance on a trend line…..be cautious on establishing long positions…..we could see some bearish momentum soon especially being that we’re approaching these levels at the same time as some key inflation (CPI) data on Thursday…..I plan to hold off until then on big positions and see how the market reacts to the data.
SPY/QQQ Plan Your Trade July 9 - End Of Day FollowupToday's Momentum Rally never really showed up.
Remember, I've been warning you these SPY cycle patterns are not 100% accurate all the time. They've done a fantastic job of calling the markets correctly over the past 17+ days. But, today, the Momentum Rally never really materialized.
As you'll see in this video, I believe the momentum for a bullish price move was muted today because of the Fed comments and lack of data.
In short, the Fed comments took the momentum away, and price struggled to find any real trend.
But the momentum for a bullish price move is still there. It is inherently biased toward price. So, I believe we could see a very big (explosive) move to the upside over the next 4+ trading days.
Stay patient. This is a great example of learning to wait for the best setups.
If my analysis is correct, this current setup could be a very big winner. The bullish price bias may explode to the upside over the next four to five days.
Get some.
SPY... Wolfe Wave Calling ??Calling a meaningful top in this equity market for most, has for the most part, been an unrewarding excercise.
Better to read the tea leaves ... go with the new trend/correction and try to profit from it.
I believe there is a Bearish Wolfe Wave formation in process for the SPY.
On my chart I have marked an ideal top in the 545-547 area.
BUT I also need momentum to roll over.
As a confirmation, a break of 540 should be in place .... My target is 532.
Don't chase this !! .. if it happens it happens.
Not investment advice. Do your own due diligence
S.
SPY seems ready for the correctionbearish divergence
Overbought
ascending channel at the long up run
Expired SPY Weekly outlook. 2nd WK JULY 2024Expired SPY Weekly outlook. 2nd WK JULY 2024
> BULLISH 📈 CORRECT
Closed Price: 554.64
Target Price: 556 | Strike Price: 556.89 on JULY 9, 2024
Upper Range: 572
Lower Range: 541
spy ath/ nvda calls Market had a needed correction yesterday (monday). with ath in premarket, today should be a good day. spy has support around 555.60. AMEX:SPY
SPY chart idea for shucks and gigglesShorter term outlook as we seem to be losing a little momentum at these highs with the rounding top look. Exhaustion might set in and what took so long to build can be taken away with an elevator rider back down. Not calling top, just playing with the idea here.
07/09 SPY Levels and ATR RangesBig Pappa Pump is talking this morning, SPY ATR is at 4.27$
We got big reports happening on Thursday, but other than that the reports are pretty weak. Looking for a pull back and bounce round 553.92 as low at 551.11 if we pull further I am really looking for the bounce around 551.11 yesterdays low of the day.
If we get upside action we are certainly going past 556.65, especially if we pop past 555.48 with volume and price action the BIDs gotta pull waaaay past the ASK - possibly 559.44 area before we go back to test 556 area.
SCALP
SR2 557.69
SR1 557.14
SPOP 556.58
LAST PRICE 556.03
SBREAK 555.48
SS1 554.92
SS2 554.37
STANDARD
R2 561.58
R1 559.44
POP 558.16
LAST PRICE 556.03
BREAK 553.92
S1 552.23
S2 551.11
SPY/QQQ Plan Your Trade - Momentum Rally Day Is HereToday's SPY Cycle Pattern is a Momentum Rally pattern in TREND mode.
This suggests price will rally today - possibly targeting $558-559 or higher.
The next 2-3 trading days should be very powerful for LONGS. My SPY Cycle Patterns have predicted the past 2+ weeks of price movement and continue to suggest upward price trending until July 15th or so.
Then, we move into an exhaustion peak price action - eventually rolling back downward to find support.
Get ready. The next big move will take place after July 23-24, setting up another great opportunity for skilled traders.
Get some today.
SPY: Will it respect Fibonacci?Based on my wave count, SPY is in its final wave leg up and we should see a rejection around 560. I'm seeing an extended wave 5 and will continue to look at other possible wave counts between major waves, but the thesis remains the same in that SPY will correct soon. PT1 is 546 and PT2 is 532
spy short oppurtunity next week spy correction next week. No interest rates raise for sept. triple top, i don't foresee new highs
$SPY July 9, 2023AMEX:SPY July 9, 2023
15 minutes.
AMEX:SPY resisting the fall.
Gap up was not strong.
As per my previous day analysis i am short.
I will cover around 553 levels.
I feel AMEX:SPY extended in all time frames and expect 553 levels which is 200 MA in 5 minutes.
Being a trader only on moving averages and Fibs i always liked my prices not extended far off.
And we have an oscillator divergence.
SPY Long IdeaSPY is making new all time highs once again. Has a nice breakout here, I'll be looking for longs on a retest of the trendline below, if that doesn't hold, I'd expect to come back down to the $550 area before bouncing again.
SPY/QQQ Plan Your Trade 7/8 Followup AnalysisI couldn't have predicted today's price trend any better. The SPY Cycle Pattern, Flat-Down pattern, worked out perfectly today. Although I expected a bit more downside price activity earlier in the trading day, the fact that today's price action in the SPY & QQQ is generally FLAT-DOWN is perfect.
Remember, this pattern was predicted more than 24 months ago. It warned us that today would likely be a narrow-range price bar, and tomorrow, Wednesday, and Thursday will be strong upward-trending bars.
Are you ready for the next big price move? How nice would it be to know 5+ days in advance what price is likely to do so you can plan your trades more efficiently? Learn to wait for the best setups, then go get them.
Watch this video. Now, we will see if the current price FLAG resolves to the upside, as I expect.
Why do I expect price to move higher into the close? Because tomorrow's pattern is a Momentum Rally in CARRYOVER mode.
Go Get Some.
SPY ATR Levels and LinesGood morning, Happy Monday. SPY ATR is 4.30$ today. Its Monday, I dont know what to expect and the reports are looking kind of weak on the importance side. We are starting 2nd quarter earnings for the big boys and girls this week and into the rest of this month. Gonna be really silly I think in the way of price action. I am looking for these levels to come into play and looking for price action and volume to help me dictate what they will be doing at that time. Good luck to everyone and hope you hit the lottery today in the market.
SCALP
SR2 556.82
SR1 556.26
SPOP 555.70
LAST PRICE 555.14
SBREAK 554.58
SS1 554.02
SS2 553.46
Standard ATR LEVELS
R2 560.73
R1 558.58
POP 557.29
LAST PRICE 555.14
BREAK 553.01
S1 551.31
S2 550.18
