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Spy500

$DG- I love this long, but is now the right time?$DG has generated alot of cash for me and for options contract buyers its a great long exp buy. Obviously Equity buyers included in this. Right now we are sitting at a major resistance , and if we break my first PT would be $225.35. After that we are working through ATMs but thats how stocks work at ATM. you never know. One thing to watch is $SPY . $DG moves along side $SPY and if we break to the downside I will be watching for a divergence from SPY to see If the pullback is real or not. If DG hovers while SPY dumps then when the market bounces it should present a nice buying opportunity. I will be signaling these in our group this week, and hopefully posting some more videos on these tickers in particular. So right now I am hoping for a gap up, over resistance and then a retest to send us on our way. ATM highs can be scary, but if the volume is higher then we could see a nice push! Thanks for listening!
NYSE:DGLong
by SimpleStacks
SPY500/Emini/ES : Daily schematic of liquidity & trapped tradersThere are a whole bunch of trapped traders on both sides of price for SPY500 / Emini futures / ES1! which will want to exit, giving us a trade in opposite direction (yellow zones) Beware of the engineered liquidity zones - which are almost like a candy land for big institutions - where orders are just sitting to be taken! Those zones WILL BE poked poked! (green zones) Good luck & good trading for the election week! Please note : the zones shown here are for reference purpose only. Actual buy & sell zones should be fine tuned with a lower timeframe reference & more detailed analysis.
CME_MINI:ES1!
by makuchaku
6
How we will develop long setups on US500Today, we will show you our trading plan for US500 A) The price is inside a corrective structure (purple line). From a technical perspective, this can be considered a continuation pattern (flag pattern) B) A key level to develop long setups is the breakout of the purple trendline. That would provide us evidence that the bullish movement is about to start C) However, we will not trade the breakout directly. We will wait for a minor correction on the 30 minutes chart on the yellow circle D) We have two possible paths for the bullish movement expressed on the two green arrows E) Never forget that this is a trading plan for a bullish scenario. If the situation we are expecting does not happen, we will keep our money on the sideline.
U
by ThinkingAntsOk
SPY - Main s/r zones analysisHello traders, Description of the analysis: SPDR S&P 500 ETF TRUST ( SPY ) support zones ideal for timing long positions (gray). A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair prices by volume. Please be careful during the election campaign and election. There can be higher volatility. I personally stand outside the markets with new positions. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
AMEX:SPYLong
by Jacob_Kovarik
Emini / ES / SPY (4H) Backtest : 57% win rate across 21 tradesWinners = 12 Losers = 5 Breakevens = 4 Total Trades = 21 % Non Losers = 76% % Winners = 57% % Breakevens = 19% % Losers = 24% Win/Loss = 240% Net R = 14.2 Avg R/Winner = 1.18 Avg R/trade = 0.68 Bad trades prevented due to presence of liquidity near SL= 14 Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity (equal highs) behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone. Zone is drawn using the first candle which crossed the pivot high/low to trap the traders.
CME_MINI:ES1!
by makuchaku
SPY: Elliott and NeO Wave Forecast (memento)Dear friends, The bag of market forecasting has torn and in given the situation, there is nothing to be surprised about it. At least, in the next half of the year, the Covid-19 again shuffles and deals cards and it's up to us as well as with bad cards we can play a good round. I am deliberately talking about round because blackjack is still not yet over (Are you scared about ending?). The presented forecast is based on Elliot Wave Principle and NOeWave Theory on SPY. Recently, there have been published many different counts, but which one is the right one? Good question, right? Because the Indexes can be considered as a kind of market averaging, both theory without doubts should be applicable with relatively high accuracy. I also published several ideas of wave counting to forecast market behavior during the Covid-19 crises (exclusively to short), but I must also admit, that so many possibilities make me restless and I'm trying to calm down my conscience and direct my certitude in the right direction. The main difference between the previous one and the presented forecast lies in the application of the NEoWave rules that can be taken as Elliott Wave extension. The counting and situation are in more detail shown in related graphs. In the black rectangle, there are two options of Fibonacci ratios of price changes in percent for the CYCLE degree (black curve), where the second option seems to be very close to 2.618 and the depicted counted reflect just this situation. The traditional Fibonacci extension in lin and log scale doesn't exhibit meaningful agreement, however, refer to the book Elliott Wave Principle by Frost and Prechter, the ratios of price changes expressed in percent have higher informative value compared to the classical approach based on absolute prices. The red-bordered rectangle shows Fibonacci ratios for SUPER CYCLE degree. However, because the end of the 3rd wave in this degree is not yet known, the corresponding ratio also remains unknown (second line in the rectangle). In terms of basic Elliott theory, the expanding triangle in the 4th correction wave is very likely. More specifically, we are currently in the situation of the last phase of correction, i.e. E wave, that according to the NOeWave rule of Self Definition, cannot take more than 519 days in the worst case. I must note, that the presented specific counting be aware of the NOeWave rule of Logic corresponding to the Running Flat correction, which precedes the elongated 3rd waves (green remarks). Additionally, I have not observed (at the presented degree of counting) any violation of NOeWave rule of Self Definition. The last thing that I would like to mention is Regular Flat in 2nd correction wave of SUPER CYCLE degree (bloody red color) that according to the NEoWave rule of Logic should not precede the steep impulse corresponding to the 3rd wave. Therefore the scary memento arises: What if the 1st wave is actually part of the 3rd wave and the 2nd wave is actually the 4th wave? That makes sense in both theories and additionally, we are not the owner of completed market data. So how can we know where the starting point of the 1st wave really is? Market and trading itself started very, very long ago and it's hard to say where we are in fact in terms of the absolute position of wave counting theory. However, if we accept this possibility, after the end of SUPER CYCLE, the casino-market will close and the blackjack is over. It will be a long night and when one wakes up the casino will open again with the entry price of 100-150$/per share? "Ladies and gentlemen, please come in and enjoy the new game of blackjack" If you like this idea please leave a comment.
AMEX:SPYShort
by Kovinko
SPY: Damocles's sword just started to twitchHi, 2 days ago I published this idea based on Elliott Wave Theory. After some feedbacks, remarks and comments about the weird-long correction of the 4th wave in PRIMARY degree (green line), the recounting has been carried out, which is also shared in the previous idea. After that one can conclude that we are already in the deep correction phase because, in my opinion, the previous ATH in February 2020 corresponds to the end of the long-term 3rd wave of SUPERCYCLE degree. If we accept this hypothesis and take the actual ATH at approx. 360$/share as the end of B wave, the 3-3-X correction is in progress where X can be further unfolded to the more complex correction. In my opinion, which is also in good agreement with Glenn Neely long-term prediction presented in www.youtube.com The Expanding Triangle can be very likely forecasted formation, where to let me again address to the book "Elliott Wave Principle" written by Frost and Prechter, where is stated that usually, either C or D wave are complex waves consisting of ZigZag combination or Triangle, but for Expanding Triangle no waves (A-B-C-D-E) is formed by triangle formation itself that results to only one option - ZigZag combination. Because the market is still in a good mood, no rapid impulse formation in a downtrend (as A wave of ZigZag) has not been observed until now. This situation is labeled as W-X pair on the graph. However, if this is really true, a big surprise is still silently waiting for traders and investors that after the horror revival creates panic and massive sell-off, that leads to the ZigZag subsequent formation (wave Y on the graph). My apologies if I scared you very much, but Damocles's sword just started to twitch.
AMEX:SPYShort
by Kovinko
6