$spy doing a little deep dive on what to expect for S&P, there's an obvious gap that needs to be filled between $360-338.50, The strongest point of control is at the $300 level, it will be interesting to see what happens next. #spy #spx #qqq
using the wycoff accumulation schematic its possible that $meta may be bullish in the short term, will definitely keep an eye out this week, and tweet any new positions. This is not financial advice, just my personal idea.
Looking at the weekly chart on the spy it appears that it is a make it or break it week…notice how the candles on the weekly r very identical to the last rally, if spy can’t break out this week then this will be a double top pattern and the drop would be severe (lower lows), alternatively if the spy holds and breaks out to upside then the rally will continue and...
The S&P 500 and Nasdaq have fell over 20% since January of this year, and many are questioning whether the recent bull rally is an indication that the market may have bottomed, and if we are now recovering. Even with the fed announcing a 75bps rate hike this week, and a second consecutive quarter with negative GDP report, the market has gained over 6% just this...
Keeping it simple... Looking at spy today.. im watching the $393.65 level, if spy does not hold i will be short, and Targeting the levels highlighted on the chart, $392.50>$388.30...Alternatively SPY above $395.05 would indicate a bullish run. Just my personal idea, not financial advice, trade at your own risk.
Going to keep it simple today...Watch the $815.15 level today, if it holds $860 is next target...if it doesnt hold $764.84 is next strong support. Best of luck Just an idea not financial advice.
If you read my last idea on SPY the recent Bull rally does not come in as a surprise. With the being said it appears the spy is at a critical level, in the trend, what happens today could determine the fate of the spy for the short term and possibly long term. Will the bull rally continue? If we look at the chart the higher price action is being achieved with...
It appears the spy has found a landing zone, and may now be in the accumulation phase, Using the Wyckoff Accumulation method, I analyzed what may occur over the next few trading weeks. In the short term I believe SPY is bullish and looking to retrace to the .618 Fib resistance ($390) within a few days and eventually retracing the .786 fib ($400). After that Based...
It appears QQQ has found a landing zone, and may now be in the accumulation phase, Using the Wyckoff Accumulation method, I analyzed what may occur over the next few trading weeks. In the short term I believe QQQ is bullish and looking to retrace to the .618 Fib resistance ($300-305) within a few days. After that Based on the wyckoff method, it may breakdown,...
I believe Amazon is ready to break out after being in an Accumulation phase since the beginning of May, The Head and Shoulder Pattern was denied as buyers stepped at the 105-107 price level, and the large volume on June 30 confirms it. My entry Price would be $117, with an exit price of about $120. Alternatively, if price falls Below $112 it would indicate that...
I believe Tesla is bullish in the SHORT TERM; it broke many resistance lines this week, and momentum is trending up , especially with the Musk aborting twitter deal. A good strategy, assuming No new negative Macro-econ news over the weekend, i expect itto break over $800 per the elliot wave, possibly this monday, if no gap down pre market. Taking a weekly $800...