ThePlotThickens

ThePlotThickens

Daily SPY demand zone is $581-$586, lots of buys within that range. We´d need a major and negative catalyst to break lower than that, especially with the daily 200ma @$577. Worsening China tariff and regressive trade news next week to push SPY to it´s $577 200 MA or at least some positive news from the Canadian and Mexican pause ending June 9th to at least...

ThePlotThickens Updated 

We’ve seen a quite the abounce in the market as of lately, but I believe it’s not a real recovery. To me, this looks like a classic dead cat bounce; a quick move up that happens during a downtrend before prices drop again. I’ll explain why I think this is the case, kind of a simple one. First of all, the grand picture in the economy still looks fairly negative,...

ThePlotThickens Updated 

📉 SPY Breakdown – May 16, 2025 Posted by ThePlotThickens We’re hitting resistance at the top of this price channel, and I think we drop to 585-587 tomorrow. I believe the market has topped for now. Most of the market looks weak, overbought tapping resistance walls, except for the big tech names that just keep running (especially chip stocks — total madness....

ThePlotThickens

Hey traders — this is my latest take on Alphabet Inc. (GOOG) and why it’s on my radar going into June. Yes, i did in fact scoop shares up at the $150 mark a few days ago! Let’s dive into the key levels and catalysts on deck: 🟩 Support Zone: We’ve tapped into the $148 level twice — once in September 2024 and again in April 2025 — and both times, it’s held like...

06:18

ThePlotThickens

What’s up traders — this is my first idea post here on TradingView, and I’m hyped to finally share something with the community. In this breakdown, I’ll be covering a few key areas I’m watching: 🟩 Support zones 📉 Resistance levels 🕯️ Weekly candle behaviour 🌍 Macro outlook and possible catalysts 📌 Important notes ⚠️ My current bias Let’s jump in: 🟩 Support...