SPY is still a BUY++++We held the $531.50 support level on this mornings drop, we have several levels of overhead resistance but I believe we see $548 on this stent then likely resume the downtrend to print a new low under $508 and taking out $500... but we will see how $548 looksLongby ShortSeller76113
$SPY August 13, 2024AMEX:SPY August 13, 2024 15 Minutes. AMEX:SPY as expected 535 was for me initially. Moving averages are falling in line. Today holding 528-529 levels i expect 534-535 levels. If % AMEX:SPY manages to get 9,21 and 50 averages in line tomorrow we will get a good trade. So, for the day 528-529 must hold. No trade ay for me. by RiderTrader444
SPY Analysis Across Multiple Timeframes | AugustLike we have seen from the video above lets have some talks on these timeframes and see whar the analysis says. Weekly Timeframe: SPY is currently hovering around 533.27, which is near the top of its long-term uptrend. We’ve seen a slight pullback from the recent highs, which isn’t surprising given how strong the rally has been. If the pullback deepens, keep an eye on 523.97 as the first line of support. Should the price drop further, 514.09 could come into play as a stronger support. On the upside, breaking through 547.04 would signal the continuation of the bullish trend. Daily Timeframe: On the daily chart, SPY has pulled back to around 504.45 after a solid run-up. The recent bounce suggests that buyers are stepping in, but the next challenge lies at 515.13. If SPY can clear that hurdle, it might aim for the 524.99 area. However, if the pullback resumes, 503.45 is the first support level to watch. A break below that could see SPY testing 493.41. 30-Minute Timeframe: Zooming into the 30-minute chart, SPY is in a bit of a holding pattern around 543.41. This sideways action indicates that the market is catching its breath after recent volatility. If SPY can break above 546.64, we might see a short-term rally toward the 550 level, which also happens to be a psychological barrier. On the flip side, if the consolidation breaks down, watch for support around 544.88 and 538.97. Now what? Again, note that SPY is at a critical juncture across all timeframes. Whether you're trading intraday or looking at the bigger picture, these levels are key to watch. We’re seeing some consolidation right now, but whichever direction SPY breaks, it could lead to a significant move. Stay nimble and watch those levels closely! Short20:00by Deno_Trading1
SPY to 523.90With the economic data coming out this week I think we go lower into the end of the weekShortby giladkc2
520 Holds the Key for NowI'm anticipating a potential move down to 520. If the price bounces at this level, we could see an upward movement as the yen carry trade concludes. However, if the price falls below 520, treat this level as resistance and watch for a possible decline toward the 200-day moving average, which could take it as low as 495. Keep in mind that this is a dynamic situation; these levels may adjust as the VIX seeks a rebound and prices continue to fluctuate rapidly.by traderx5000
SPY/QQQ Plan Your Trade for 8-12 : SPY 10 Min Flagging/BreakoutThis update shows you why I believe the SPY will resolve the current Flag formation into an upward price trend. The Vortex Rally base will likely continue to setup over the next 5+ days. But the 531-532 level on the SPY is proving to be a strong support area and as long as this level is not broken - we should see the SPY attempt to rally back above 545-550. It is all about timing the move and staying patient while the SPY/QQQ settle near this base. I'll continue to post more updates as price trends. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong08:00by BradMatheny7
SPY/QQQ Plan Your Trade Update For 8-12: Vortex Base Building This is a quick update suggesting that the upward momentum in the US markets appears to be fairly strong. But I urge my followers to stay cautious. The markets are not "cleared for lift-off" yet. We still have numerous Fibonacci resistance levels to break, and we could see the markets move into a broad sideways FLAG formation or break downward again to establish a deeper low. Within this video, I share what I believe is essential for the markets to move into a confirmed "lift-off" mode. Please be patient. If we stay patient and protect capital, there will be many opportunities for big swing trades. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong13:08by BradMatheny5
SPY - Next Stop 497Current price rebound struggling at the .328 fib. Failure here leads to probable move down to the next measured move, -0.236 fib, at 497.Shortby AssetDesign4
SPY short into the 540-543 zoneSPY short into the 540-543 zone on the first touch would most likely pay. Shortby ridethemwaves0
08/12 SPY ATR Levels and Rangethe ATR of SPY still sits in the $7.08 area. Thats pretty good from a month ago where it was in the mid 4$ area. With much much tension building up Russian, Israel, Iran, domestically, Trump with Elon on X tonight, PPI (tuesday) CPI (Weds) Jobs reports (Thurs), I think we move up today for a few reasons., the previoulsy mentioned and in preperation for the reports this week. We have a level of 528.50 to look for in the even of any pullbacks, could this happen.. sure it can, anything can happen. We got premarket highs of 535 so I like this level to hold on any pops for a push further up. We got plenty of range and positions between here and 550, not saying 550 is a target of any kind, but we have traded up here already last month, so we got people with position and hedges up here. I dont know what exactly I am looking for except VOLATILITY. Def will watch for Price action, volume and reasons for any of my moves through the actual volume profile and the tape, good luck and be safe everyone and anyone. SCALP Ranges and values (smaller percentages of ATR) SR2 537.14 SR1 536.22 SPOP 535.30 LAST PRICE 534.38 SBREAK 533.46 SS1 532.54 SS2 531.62 Standard ranges and Values (deeper percentages of ATR) R2 543.58 R1 540.04 POP 537.92 LAST PRICE 534.38 BREAK 530.88 S1 528.08 S2 526.22 by TuskenDayTrade0
S&P bulls return in the game; still some work to doLast week, buyers regained control on the daily timeframe, filling the gap from Monday, August 5th, and closing the week at the high. While this was a strong display of power, I would approach it with caution for the following reasons: 1. The market is currently in a weekly consolidation phase. We've already seen how strongly the bears defend their control on the weekly timeframe (as evidenced by the last week of July), so this should not be disregarded. 2. The magnitude of Wednesday’s bearish candle demonstrates how easily the bears can move the price when they feel weakness 3. While all major sectors closed week green, none has managed to close above previous week high. Most of them are in a weekly consolidation, which signifies genuine market weakness. To sum it up, while it's highly likely that the bulls will be able to confirm a weekly low ( 510.3 ) in the next days, it's uncertain whether they will be able to maintain their position for long. I would definitely wait to see the week’s close before considering a “buy.” Ideally, the bulls should fill the gap from Friday, August 2nd, and establish some value above 534 . If this doesn't happen and we see a strong price rejection, it would confirm bearish control. The upcoming week is packed with economic data, which could fuel momentum for either side. by hermes_trisme1
SPY 538 Top to 506. We’re in wave 5 of an ABC correction. We’re approaching 538 which is the 20 and 50 ema daily. Volume is declining as price rises. EMA’s have death crossed. 506 lines up as a 1:1 move on wave 1. We’ll get a 5 pattern move to the downside into 506 over the next week or so. The 100ema is in the 506 range and I expect it to hold. This will then signal a bounce which will look like a rally, stalling at about 540-545 before a final move to the downside around 470-475ish which is around a 1.6 move from my wave A. This also lines up which the long term ascending trend line from Covid lows. Shortby fenzinna1
$SPY | Watchlist D1 | Buy Limit |Technical Confluences: - Recent Elliott wave count shows that we are now in a Wave 4 retracement - Price action seemed to have topped out at the 50% Fibo Extension for now (Ending Wave 3) - Price action may test the Supply Zone again before retracing downwards towards the Horizontal Trendline and the 38% or 50% Retracement Fibo Fundamental Confluences: - US economic outlook is weak currently and valuations needs to normalize before we make a new high - Businesses are suffering from high interest rate environment and for the FED to cut, growth needs to show definite weakness, which we are starting to see. - A FED cut will not instantly improve business prospects again as interest rate changes takes time to seep into the economy - Investors will also be wary about the upcoming elections as government policies may affect business activities ________________________________ Watching the Demand Zones as levels to begin some of my portfolio allocation into AMEX:SPY Will place my Buy Limit orders for the it. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.by weekendanalyst4413
Spy Long Or Short Bull Market Or Bear Market By JoeWtradesWe are above 532!! In other words I believe we are going to see 537 early this week I will leave chart up for you all to follow Goodluck traders and i will see you Monday Morning!!!Longby JoeWtrades5
$SPY 8/12 - 8/16- Massive panic sell off last week and a quick quick recovery BUT we are still overall red for the month - If price makes higher highs above $534 lvls we most likely will keep pushing higher so we will look for calls - IF price rejects and starts to make lower lows as well as retest previous demand zones then we should look for puts - KEEP IN MIND there is PPI 8/13, CPI 8/14, and Retail sales + Unemployment 8/15 - Earnings for Retail Companies are next week as well so keep an eye on NYSE:HD , NYSE:WMT , NYSE:BABA for any major moves by Ubaidy1000
Consolidation before another big move?I'm feeling weakness and a fake out on this bounce and expect a continuation to the downside, but nobody knows the future, so only time will tell! GLTA!by crisdbones4
SPY Bear Flag Trade IdeasThis is a 15m chart, if you were to zoom out you'd see that the all important 537 area goes back to early.June, it was a gap.that was.filled last week. SPY has remained below since and is forming a nice bear flag. Last week it closed towards the top end, so we'll see if it can gap up above tomorrow or not. If we gap.above I'll look for.longs on the retest of 537 or the bear flag, maybe both. If we do see this bear flag break to the downside, I'd look for puts on a retest. First short target is last week's low then the April low. First upside target is last week's high.by AdvancedPlays2
Bearish flag forming AMEX:SPY Bearish flag forming wait for price action and confirmation. Trade safe by BigD_optionstrader3
SPY Downside Slippage into EOY?Assuming we continue an overall long term bullish view of the AMEX:SPY , a correction like this seems reasonable to me. Everything is always subject to change though and this is not financial advice.Shortby crisdbones113
$SPY August 11, 2024AMEX:SPY August 11, 2024 15 Minutes. AMEX:SPY made high around 534 as expected. If we draw a parallel channel form 510, we can see AMEX:SPY taking support at midline of channel. Hence making HH HL pattern. Connecting all the HL as a channel again we can see AMEX:SPY getting resisted at midline of this channel. We are having an oscillator divergence for the HH values 532.64 and 534.51. So, if we take the rise from 518.05 to 534.51, On Monday holding 528 levels we can expect an up move towards 534-540 levels. 528 is nearly 100 averages in 15 minutes. In 15 minutes 200 is sloping down and 50,10 are sloping upwards. Once this cross happens I expect a swift move to 540+. The Oscillator will get sorted out by that time. At the moment uptrend intact towards 540 levels. I will look for a sell only if 521 is broken on downside. Longby RiderTrader7719
spy My Day AMEX:SPY updated, i see a possible major head and shoulders at play on the weekly #spy #stockmarket #finances #technicalanalysis spyby awakensoul_3694
$SPY ForecastLooking for any feedback . I am new to technical analysis and seeing if anyone has a take on what I have done or any new ideasby amishj073