$SPY Options IV low, consolidation at around $573 CoPImplied IV for options is low, and unless somthing big happens I think SPY will continue to consolidate to $573 Close of Play today.by Atlas94222
SPY Falling Wedge Into Support SPY forming a descending wedge after an extreme sell off, one of the fastest declines in recent history. This wedge style pattern tends to be the result of sharp move in a particular direction, in this case downward as temporary relief before continuiing in the direction of the larger trend. Ill be looking for liquidity to enter the market on the thursday / friday session for a potential bounce. If not, then its likely the market will be in for a rough spring. Longby afurs12
Bear Flag Broken on the $SPYBear Flag Broken on the AMEX:SPY โผ๏ธ๐ - Rejection off the 200DMA - 25DMA Bearish Cross of the 200DMA Look Left ๐ฏ is $549.68 โณ๏ธMeasured Move ๐ is $538.73 Not financial adviceShortby RonnieV299
SPYโs Epic Crash: Bearish Flag Unleashed!Buckle up, trading fam, because the SPDR S&P 500 ETF Trust (SPY) just pulled a move so wild, itโs giving Keeping Up with the Kardashians a run for its money. Weโre talking a bearish flag breakdown on the 4-hour chart thatโs got more twists than a Game of Thrones finale, more drama than a Bachelor rose ceremony, and more profit potential than a Shark Tank pitch gone viral. If youโre ready to laugh, learn, and maybe make some cash, then grab your popcornโthis 2,500-word rollercoaster is about to take you on a ride you wonโt forget! ๐ข Act 1: SPYโs Golden EraโLiving Its Best Barbie Life Letโs set the scene: itโs late October 2024, and SPY is strutting its stuff like itโs Margot Robbie in Barbie. The price climbs from $570 to a dazzling $607.98 by mid-January 2025โa 6.5% glow-up thatโs got traders swooning harder than Ken at a Dreamhouse party. SPYโs basically saying, โIโm not just an ETFโIโm iconic,โ as it basks in the glow of a bull market hotter than a Love Island villa. But hereโs the tea: even the shiniest stars can fall. By mid-January, the Stochastic Oscillator at the bottom of the chart is flashing โoverboughtโ signals louder than a Real Housewives reunion meltdown. Itโs the first sign of troubleโlike when you realize the DJ at the club just played โSweet Carolineโ for the third time, and the vibeโs about to go south. SPYโs living large, but the partyโs about to get crashed, Jersey Shore style. Act 2: The Flagpole PlungeโSPY Sinks Faster Than the Titanic Cue the dramatic music, because mid-January 2025 is when SPY decides to pull a full-on Titanic. The price plummets from $607.98 to $566.77 in a matter of daysโa $41.21 drop, or 6.8%, thatโs got traders screaming โIโm not okay!โ louder than a Euphoria episode. This sharp decline is the flagpole of our bearish flag pattern, and itโs a doozy. SPYโs sinking faster than Jack and Roseโs ship, and the bulls are left clinging to the wreckage like thereโs no room on the door. ๐ข The Stochastic Oscillator dives into oversold territory (below 20), confirming the bearish momentum is stronger than the Hulk after a double espresso. Itโs a bloodbath on Wall Street, and SPYโs the main character in this tragic plot twist. But just when you think the dramaโs over, SPY decides to play coyโlike a Bachelor contestant who says โIโm not here for the right reasonsโ but sticks around for the drama anyway. Enter the consolidation phase, aka the โflagโ part of the bearish flag pattern. Letโs break it down, shall we? Act 3: The FlagโSPYโs Tease Game Is Stronger Than a Love Island Bombshell From late January to mid-February 2025, SPY enters a consolidation phase thatโs more tantalizing than a Love Island bombshell walking into the villa. The price bounces between $566.77 and $577.74, forming a sneaky little upward-sloping channel. Itโs like SPYโs playing hard to get, teasing traders with a โWill I rally? Will I crash?โ vibe thatโs got everyone on edge. The Stochastic Oscillator hovers below 50, like a villa couple whoโs โjust talkingโ but definitely not coupled up yet. This consolidation is the โflagโ in the bearish flag pattern, and itโs a classic setup. Think of it as SPY taking a quick breather after its big fall, sipping a cocktail by the pool before diving back into the drama. Bearish flags are continuation patterns, meaning the price is likely to keep falling after this little flirt-fest. Itโs like when youโre watching The Masked Singerโyou know the revealโs coming, but the suspense is what keeps you glued to the screen. And trust me, you wonโt want to miss the next act. Act 4: The BreakoutโSPY Says โIโm Out!โ Like a RuPaulโs Drag Race Exit Mid-February 2025 arrives, and SPY decides itโs done with the games. The price breaks below the lower trendline of the flag at $566.77, and itโs like watching a RuPaulโs Drag Race queen sashay away after a lip-sync battle: dramatic, fierce, and leaving the bulls in the dust. The breakout confirms the bearish flag pattern, and the bears are strutting their stuff like they just won the crown. ๐ The price doesnโt just dipโit plunges to $546.33 by late March 2025, a further drop of $20.44 (or 3.6%) from the breakout point. The Stochastic Oscillator dives back into oversold territory, confirming the bearish momentum is back with a vengeance. SPYโs basically telling the bulls, โYou better workโbecause Iโm not!โ as it leaves them gagging on the runway. Letโs talk about the measured moveโthe price target for this bearish flag. We take the length of the flagpole ($41.21) and project it downward from the breakout point ($566.77). That gives us a target of $525.56. SPY doesnโt quite hit that markโit bottoms out at $546.33โbut it gets close enough to make traders sweat harder than a Chopped contestant with 30 seconds left on the clock. Itโs a solid performance, even if it didnโt stick the landing perfectly. Pop Culture Parallels: SPYโs Bearish Flag Is a Reality TV Showdown Letโs take a step back and look at this chart through a pop culture lens, because SPYโs bearish flag is basically a reality TV showdown. The initial uptrend from October to January is the honeymoon phaseโthink The Bachelor contestants on their first group date, all smiles and champagne. ๐ฅ The flagpole drop in mid-January is the drama bomb, like when a contestant gets caught kissing someone else in the hot tub. The consolidation phase is the confessional montage, where everyoneโs talking smack and plotting their next move. And the breakout? Thatโs the rose ceremonyโSPYโs handing out its final rose to the bears, and the bulls are sent packing with nothing but a suitcase and some tears. Trading Tips: How to Slay This Bearish Flag Like a Drag Race Superstar Now that weโve had our fun, letโs get down to business. How can you trade this bearish flag like a Drag Race superstar? Hereโs the tea, served piping hot: 1. Short the Breakout (Sashay, Donโt Shantay) When SPY broke below the flag at $566.77, that was your cue to short the stock faster than you can say โSashay away!โ A short position here couldโve netted you a $20.44 gain per share as the price dropped to $546.33โenough to buy yourself a new wig for the next challenge. 2. Set a Stop-Loss (Donโt Get Read for Filth) To avoid getting read for filth by a fake-out, set a stop-loss above the flagโs upper trendline at $577.74. That way, if the breakout flops harder than a Drag Race comedy challenge, youโre safe. 3. Target the Measured Move (Go for the Crown) The measured move target of $525.56 was the goal, but SPY stopped at $546.33. Thatโs still a winโlike making it to the top 4 but not snatching the crown. If youโd shorted at the breakout, youโd be serving looks and profits. 4. Watch for a Bounce (Donโt Sleep on the Comeback) As of late March 2025, SPYโs at $546.33, and the Stochastic is oversold. This could mean a short-term bounce is coming, like a Drag Race queen returning for an All-Stars season. Keep an eye on resistance at $566.77 and $577.74โif SPY breaks above those, the bears might be in for a shady twist. The Bigger Picture: Is SPYโs Downtrend the New Black? Letโs zoom out for a hot second. Before this bearish flag, SPY was in a strong uptrend for months, living its best life like a Vogue cover star. This pattern marks a potential trend reversal, like when skinny jeans went out of style and baggy pants became the new black. If the downtrend continues, the next support level could be around $540โor even lower if things get really messy. But hereโs the million-dollar question: is this the start of a bigger bear market, or just a temporary dip? Itโs like trying to predict the winner of Survivorโnobody knows, but everyoneโs got a theory. The Stochastic being oversold suggests a bounce might be near, but the overall trend is still bearish. So, keep your wits about you, because this marketโs shadier than a Real Housewives dinner party. Why This Chart Is More Addictive Than a Love Is Blind Binge If youโre still here, youโre officially obsessedโand I donโt blame you! This SPY chart is more addictive than a Love Is Blind binge because itโs got all the elements of a great reality show: drama, suspense, and a cast of characters (the bulls and bears) who canโt stop fighting. The bearish flag is the villain we love to hate, and the price action is the love triangle we canโt stop watching. Plus, trading is a lot like reality TV. Youโve got your highs (the uptrend), your lows (the flagpole drop), and those messy in-between moments (the consolidation). But when the breakout happens, itโs like the finale episode where someone finally gets engagedโor in this case, the bears get their moment in the spotlight. ๐ Final Thoughts: Donโt Miss the Next Episode of SPYโs Reality Show SPYโs bearish flag breakdown is a masterclass in technical analysis, wrapped in a package of drama and sass thatโd make even the most stoic trader crack a smile. Whether youโre a Wall Street pro or a newbie just here for the tea, this chart has something for everyone. So, whatโs next for SPY? Will it hit that $525.56 target, or will the bulls stage a comeback like a Love Is Blind couple at the altar? Only time will tell, but one thingโs for sure: you wonโt want to miss the next episode of this reality show. Keep your eyes on the chart, your finger on the trigger, and your sense of humor intactโbecause in the world of trading, youโve got to laugh to keep from crying. ๐ Join the Trading Villa! If you loved this recap of SPYโs bearish flag drama, donโt ghost me like a Love Island ex! Drop a comment with your thoughtsโare you shorting SPY, or are you waiting for a bounce? And if you want more trading tea, puns, and reality TV references, hit that follow button faster than you can say โIโm here to make friends.โ Letโs spill the tea and make some money together! ๐ตby RoadToAMillionClub6
$SPY Short position.To add context, I am an average joe in his 20's who graduated high school with a 1.6 GPA.. Prior to my current employment at a financial institution, I worked as a gas station clerk. I am not someone who sees himself as a genius, but I am somebody who identifies patterns not only in people, but charts as well. I've worked for a bank on the credit card side coming up on 5 years. Day in day out, people are struggling to keep up with their credit card payments. 750-830 FICOs struggling to keep up with bills. Keep in mind, I only work with what we deem our 'high value', cliental. If our card holders who we deem to be good or great consumers are struggling to keep up, I can only imagine what it looks like for those who don't qualify to get to my department (which is a rather big pool of people). This thesis is centered around a possible correction in the short term, that may lead to a long-term reset based off of 4 things: human behavior, Federal Reserve Data, inflation, and credit. The market as we know it has been propped on lies, fraud, and negligence. This is not a political post, but if you look at Federal Reserve Reports through FOMC under the previous administration, over 48% of job reports specifically, were revised downwards. During the duration of March of 2021 to September of 2024, approximately 808,000 jobs were "added", to the economy. One can make the argument that these numbers were there to, 'fluff, reportings to hide one of the worst economies in history. The Dollar has been a concept and an asset since 1785. Since 2020, we've printed over 60% of all dollars circulating. Over 200 years and it only took the U.S. a little under 5 years to print over 60% of all U.S. currency circulating. The inflation never left; it was hidden by false or fraudulent data. Americans have been squeezed from their hard-earned dollar for the last 4 years, between higher interest rates, higher inflation and cost of living. Remember how I mentioned I work for a bank on the credit card side? Minimal payments, easily $6500 dollar balances on average, being carried month to month between 24-27% APR. Americans DO not have money. Over the last month, one of the most common statements I've heard is, "The only way I can pay this off is I cash out on assets.". Delinquencies are sky rocketing to levels not seen since '07 - '08. People are slowly getting the same thought. The first week of April in my opinion is do or die. Trump is set to announce new tariffs as of April 2nd. If Trump decides to really lay down the tariffs and kick off a real trade war, markets will react in a manner of uncertainty. If in that same week, the Federal Reserve forecasts a lower GDP, a higher CPI, a decrease in forecast in employment, that could be the kick that takes the stool out from under the market. If you've made it this far, thank you for taking the time to consider my first publication. -ScGShortby ScG462Updated 557
SPY Shows Strong BOS, But Faces Gamma Resistance at $563 (?)Market Structure (1H โ SMC View): * Price rebounded after BOS at ~$552 and has since broken multiple minor structure levels to the upside. * Multiple Breaks of Structure (BOS) confirm bullish shift, with recent CHoCH validating demand zone below $550. * Price is consolidating near a supply zone around $561โ$563 which acted as a prior CHoCH zone. Key Price Zones: * Demand Zone (Support): $546โ$552 * Supply Zone (Resistance): $561โ$563 (where price currently sits) * Macro Support: $550 = PUT wall + gamma support * Micro Resistance: $563 = strong GEX call resistance Trendlines + Price Action: * Clean stair-step move up into resistance. * Price approaching apex of recent flag-like structure; breakout confirmation needed. * Watch for either rejection at this gamma wall ($563) or breakout continuation above. Indicators: * MACD: Bullish crossover still intact but showing slight flatteningโwatch for histogram weakness. * Stoch RSI: Near overbought, curlingโpossible minor pullback or consolidation. * 9 EMA > 21 EMA: Trend remains bullish for now. Options Sentiment & GEX (from GEX Chart): * IVR: 41.8 โ moderately elevated, shows short-term volatility interest. * IVx Avg: 25.4 โ indicating steady option pricing. * Put/Call Ratio: 84.5% puts โ extremely defensive positioning in options market. * GEX: ๐ฆRed, Yellow, Green โ Neutral-to-bearish gamma zone. * Major GEX Levels: * Resistance / Gamma Wall: $563 โ Highest positive NETGEX (major level to watch). * Support / Gamma Cushion: $550โ$555 โ Includes PUT wall and GEX support. Scenarios to Watch: ๐ข Bullish Case: * Break & hold above $563 โ potential rally toward $568+ * Confirmation of continued structure shift and gamma squeeze likely if open interest reshuffles upward. ๐ด Bearish Case: * Rejection at $563 + failure to hold $560 โ fast pullback to $555 or test of $550 demand zone. * Watch for bearish divergence in MACD or failure to maintain EMA trend alignment. Trade Ideas (Not Financial Advice): * Scalp Long: If price confirms breakout above $563 with volume, target $568+ * Put Credit Spread or Long Calls: If holding above $560 with strong tape. * Fade Setup: If SPY rejects $563 with bearish engulfing or momentum stalling, consider short to $555โ$550. ๐ง Final Thoughts: SPY is at a decision point. Gamma wall at $563 could act as a ceiling unless thereโs sufficient momentum + institutional call flow to drive a breakout. FOMC or macro catalysts could also be trigger points. Stay nimble. This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly. by BullBearInsights2
SPY - support & resistant areas for today April 4 2025The key support and resistance levels for SPY today are above. Follow me to get this notified when I publish in the morning. My group in my signature, get these first, then ideas, and then minds; I also post these for QQQ TSLA META VIX in my group, so join if y'all haven't. Understanding key levels in trading can provide valuable insights into potential market movements. These levels often indicate where prices might reverse or consolidate, serving as important signals for traders considering long (buy) or short (sell) positions. Calculated using complex mathematical models, these levels are tailored for today's trading session and may evolve as market conditions change. If you find this information beneficial and would like to receive these insights every morning at 9:30 AM, I invite you to support me by boosting this post and following me @OnePunchMan91. Your engagement is greatly valued! However, please note that if this post doesnโt receive more than 30 boosts, I will have to reconsider providing these daily updates. Thank you for your support! Need any other charts daily, Or how to trade this? Comment on this.by OnePunchMan912
SPY: Breaking Levels; TASPY broke down the Weekly demand line and now looking to break the Monthly demand. Looking to possibly test the bottome weekly trendline. Possibly a 530 price target and if weakness continues, possibly below more to 520 then 510.46 to fully retest that bottom trendline. The market has bene crazy, people calling bottom, wanting to catch the reversal. I mean, I would want to catch this โVโ up too, but have to see if it keeps trending down to the bottom trendline. LMK what you think and if you have any TA, tag me! *Not FAShortby sweatytrigger4
SPY UpdateIt appears that intermediate (A) had OML to give us before it was finished. Price literally moved $0.08 cents below the larger 1.236 and then gave us a reaction. We also got better pos div completing the reqs for a healthier consolidation higher. If we have in fact bottomed, then I would expect the ensuing price action to resemble the dotted line I have drawn on the chart. This doesn't mean that price will follow this pattern to the T. It is just what a standard abc pattern would appear like. Don't forget that b waves are extremely complex more times than not, so that could alter the way this pattern gets carved out. Also, the dotted line may look straight, but the structure will be far from it. People often times forget that price doesn't move in one direction, and there will be choppy overlapping moves. Regardless on how the pattern turns out, if the (A) wave is in fact complete, then the target box is the standard place for intermediate (B) to terminate at. I expect this next move to take 2-4 months if it is to compare to the time duration of the (A) wave. There are no rules governing duration, though. Technically speaking, (B) could be over by the end of the week. The odds of that happening are extremely low, but it is possible. by TSuth2
SPY is still on thin iceA month back I wouldn't have believed this post though I did expect 10% correction and exited my major position at the top. I post this as pure academic purpose and my own record. I find volume profile the most important tool in technical analysis. Whatever I present here is an educated guess and not pure speculation. Before doing the profile I did a VP study on major stocks, since VP shows more clarity on the stocks Based on Volume profile the sellers will have little resistance breaking through thin ice zone. We could still be looking at 514 easily. Then it starts facing some resistance Market is still breaking through bubble territory. The reason I call bubble territory is because the volume became significantly lower after May 24. Most of the large investors and funds had bought their major holding by then. If fact based on news Warren Buffet and Michael Burry started selling USA market in August and kept selling till end of Dec. WB sold his entire holding of American express, one of his favourite company Berkshire was holding largest cash balance in is history by Dec. Smart guy. So I just followed him. Then I ask If these heavy weights are selling will they back after 10% correction? No way, they would wait for at least 20% or more markdown This give me confidence in my analysis and economic environment supports that too The market will quick fall through low volume region or imbalances. These act like magnets for the price and stop or pause for a breath at High volume nodes and even bounce back to take back some the low volume nodes. These can create a flag structure. This what happened when the market bounced back from 5500 to 5790 and reversed again. I correctly said in a previous post it was a bear flag When the market is euphoric and in FOMO stage it will leave lots of volume gaps which attracts the market back to those levelsShortby krisoz2
Will start longs at 516I think SPY is going down to 516 (0.382 Fibonacci retracement) and could go down to 485 (0.500 Fibonacci retracement). I will start taking long positions again at 516. Back in 2022 there was a 0.500 Fibonacci retracement where SPY went from 479 to 348 but I know people have short memories. by Entropy_Trading2
SPY to $483. Weekly ViewMeaning is in the charts, not in words, LOL This is so strange that TradingView wants us to write more and more concepts and make it sounds more thank it is , such weird thing, words words words, which charts is what we are looking at.Shortby LittleCash2
SPY/QQQ Plan Your Trade For 3-27-25 : Breakaway PatternToday's Breakaway pattern suggests the markets will continue to melt downward (possibly attempting to fill the Gap from March 24). I strongly believe the SPY/QQQ are completing the "rolling top" pattern I suggested would happen near or after the March 21-24 TOP pattern my deeper cycle research suggested was likely. At this point, things are just starting to line up for a broader market decline while the current EPP pattern plays out as a Breakdown of the EPP Flagging formation (moving into consolidation). Gold and Silver are RIPPING higher. Yes, I do expect a little bit of volatility near these recent highs. But, I also expect metals to continue to rally higher from these levels over the next 10-15+ days. Watch the video. Bitcoin is stalling/topping - just as I suggested it would months ago. Now we see how the market move into this new trending phase and how far this current trend will drive price trends. I believe the SPY/QQQ/Bitcoin will all continue to move downward while Gold/Silver move (RIP) higher on this breakaway move. This is a PERFECT trader's market. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver Short20:50by BradMatheny8831
S&P 500 ETF (SPY) Market Cycle Analysis โ Correction coming ?This chart presents a macro view of SPDR S&P 500 ETF (SPY) on a bi-weekly timeframe, highlighting key market cycle corrections and potential upcoming trends. Key Observations: ๐ด Trendline Support: The price action has consistently respected a long-term ascending trendline, with previous corrections bouncing off similar levels. ๐ Historical Market Corrections: Red vertical lines mark significant past corrections (Feb 2020, Dec 2021), aligning with dips in the lower indicator, suggesting cyclical downturns. ๐ Momentum Indicator (Lower Panel): Past dips in this momentum indicator (highlighted with red arrows) coincided with major corrections in the SPY chart. The recent downward trend raises concerns about another potential market pullback. ๐ฎ Future Projection (March 2025?): Based on previous cycles, the next major correction could occur around March 2025, aligning with potential trendline retests. If history repeats, we may see a pullback before resuming the uptrend. Key Questions for Traders & Investors: โ Will SPY respect the trendline and recover, or are we heading for a deeper correction? โ Does the current market structure resemble past cycle downturns? โ How will macroeconomic conditions influence SPYโs next move? Let me know your thoughts! Are you preparing for a correction, or do you see more upside potential? ๐๐ โ ๏ธ Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions. Past performance does not guarantee future results. Trade responsibly! Shortby Brian_HeadyUpdated 118
$540 incoming put trade expiring 4/4 or 4/11 AMEX:SPY I start these Anchored VWAPs where the volume was the lowest before a major upside or downside. When I entered this trade $540 expiring 4/4 was at $.5 on 3/27 on Thursday around 9.55am currently $2.06 closing week, however I want to highlight that the $540-$530 would be the major leg down and we might see the $570-$580 levels for first week of June imo. Note: I am heavily comparing price actions for nowadays with 2022 first half drawdown. Longby SuLLL0Updated 1
Opportunity Beneath the Fear: SPY's Reversal SetupIn the Shadow of Headlines: SPYโs Drop Could Be 2025โs Big Opportunity As markets react sharply to renewed tariff fears and Trump-related headlines, SPY continues its descent. Panic is setting inโbut behind the noise, a strategic opportunity may be quietly forming. While many rush to exit, others are beginning to position for the bounce. A well-structured entry strategy could be key to turning uncertainty into gains. Entry Zone (Staggered): ๐น 543: First watch levelโlook for signs of slowing momentum. ๐น 515: Deeper entry point as the selloff extends. ๐น <500 (TBD): Stay flexibleโif panic accelerates, this could mark a generational setup. Profit Targets: โ 570: Initial rebound target. โ 590: Mid-range level if recovery builds. โ 610+: Full recovery potentialโrewarding those with patience and vision. Remember: Headlines fade, but price action and preparation stay. This selloff may continueโbut it might also be laying the foundation for 2025โs most powerful move. The key? Enter with discipline, protect your capital, and let the market come to you. โ ๏ธ Disclaimer: This content is for educational purposes only and does not constitute financial advice. Trading carries significant risk. Always conduct your own research and use proper risk management. by Robert_V121
SPY/QQQ Plan Your Trade For 3-25-25 : Top PatternToday's Top Pattern suggests the SPY/QQQ will find resistance slightly above yesterday's closing price level and attempt to roll over into a bearish price trend. Watch today's video to see which levels I believe will be the top for the SPY & QQQ. I do expect metals to rally over the next 3+ weeks and I'm watching for this morning's bounce to carry onward and upward. Bitcoin should be rolling downward off that FWB:88K top level I predicted months ago. We are moving into a topping phase - so get ready for the markets to attempt to ROLL DOWNWARD over the next 5+ trading days into a deeper low price level. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver Long18:05by BradMatheny7717
the FlushDown to 510 is possible on AMEX:SPY , there are some gaps there. We'll see. I wouldn't start buying until the VI shows either one more high or a double top. 04:42by rsitradesUpdated 1
Bear flag on 1hr chartDecent size bear flag on 1hr chart. Itโs looks like it setting up for tomorrow. It is currently breaking the bottom trend line and completing the pattern. If it rejects we could see it bounce one more time before the drop tomorrow. If this closes at 555-556. We could see in the next couple of days 540-545. Shortby Stockdiddler24111
Nightly $SPY / $SPX Scenarios for April 1, 2025๐ฎ ๐ฎ ๐ Market-Moving News ๐: ๐บ๐ธ๐ ISM Manufacturing PMI Release: The Institute for Supply Management (ISM) will release its Manufacturing Purchasing Managers' Index (PMI) for March. A reading below 50 indicates contraction in the manufacturing sector, which could influence market sentiment.โ ๐บ๐ธ๐๏ธ Construction Spending Data: The U.S. Census Bureau will report on February's construction spending, providing insights into the health of the construction industry and potential impacts on related sectors.โ ๐บ๐ธ๐ Job Openings Report: The Job Openings and Labor Turnover Survey (JOLTS) for February will be released, offering a view into labor demand and potential implications for wage growth and consumer spending.โ ๐ Key Data Releases ๐ ๐ Tuesday, April 1: ๐ญ ISM Manufacturing PMI (10:00 AM ET): Forecast: 49.5%โ Previous: 50.3% Assesses the health of the manufacturing sector; a reading below 50% suggests contraction.โ ๐๏ธ Construction Spending (10:00 AM ET): Forecast: 0.3%โ Previous: -0.2%โ Measures the total value of construction work done; indicates trends in the construction industry.โ ๐ Job Openings (10:00 AM ET): Forecast: 7.7 millionโ Previous: 7.7 millionโ Provides insight into labor market demand by reporting the number of job vacancies.โ โ ๏ธ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.โ ๐ #trading #stockmarket #economy #news #trendtao #charting #technicalanalysisLongby TrendTao1
$SPY - Keep It SimpleAll about trend lines. Since 2020 to today, there have been three major trends. The first was the bull run from covid bottoms to the 2022 highs; a very distinct trend line being drawn. The second was the correct in 2022; another distinct trendline drawn. Recently, we have a break of the uptrend associated with a bear flag continuation pattern. Keeping it simple, we take the pole of the flag and we measure it; 515-520 is a potential target. It lines up with prior lows and also the 0.385 fib level. Short04:47by KyleHuang5425299008d3470d2
Nightly $SPY / $SPX Scenarios for April 4, 2025๐ฎ ๐ฎ ๐ Market-Moving News ๐: ๐บ๐ธ๐ March Employment Report Release: The Bureau of Labor Statistics will release the March employment report, with forecasts predicting an addition of 140,000 nonfarm payrolls and an unemployment rate holding steady at 4.1%. This data will provide insights into the labor market's health and potential implications for Federal Reserve policy.โ ๐บ๐ธ๐ฌ Federal Reserve Chairman Powell's Address: Federal Reserve Chairman Jerome Powell is scheduled to speak at 11:25 AM ET. Investors will be closely monitoring his remarks for any indications regarding future monetary policy, especially in light of recent market volatility.โ ๐บ๐ธ๐ Market Reaction to 'Liberation Day' Tariffs: Following President Donald Trump's announcement of new tariffs, dubbed "Liberation Day" tariffs, the markets experienced significant declines. The S&P 500 dropped 4.8%, and the Nasdaq Composite fell 6%, marking the worst trading day since 2020. Investors are bracing for continued volatility as the market digests the potential economic impacts of these tariffs. ๐ Key Data Releases ๐ ๐ Friday, April 4: ๐ทโโ๏ธ Nonfarm Payrolls (8:30 AM ET): Forecast: +140,000โ Previous: +151,000 Indicates the number of jobs added or lost in the economy, excluding the farming sector.โ ๐ Unemployment Rate (8:30 AM ET): Forecast: 4.1%โ Previous: 4.1%โ Represents the percentage of the total workforce that is unemployed and actively seeking employment.โ ๐ต Average Hourly Earnings (8:30 AM ET): Forecast: +0.3%โ Previous: +0.3%โ Measures the month-over-month change in wages, providing insight into consumer income trends.โ โ ๏ธ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.โ ๐ #trading #stockmarket #economy #news #trendtao #charting #technicalanalysisShortby TrendTao1
SPY: Yet another bearish SPY forecastLooking at the previous sell-off patterns, theres a strong possibility that if the downtrend continues, SPY will head to low 500's by mid-May before rebounding in the summer to retest current levels (540-560) before completing the final leg (or first) of a correction to the high mid-high 400 price level - or potentially low 400s in September. Its been a while since I've shared a predictive chart but the current market behavior makes it hard not to try to paint a picture. Heaps of salt to be taken - I've been wrong many times beforeShortby myceliium1