The two ways this plays out. Both are badHey there friends!
As you can see, I have two resistance trendlines plotted. Both historically have been respected very reasonably. On top of this, id like to mention that my software that signals weakness in the market has been triggered. Although it doesnt 100% predict the absolute top, it does show where weakness is and you can see how it has preformed in the past. With this said, as we test the first of the 2 trendline resistances of this massive megaphone AND test the resistance trendline of the ascending channel, I expect some kind of retrace.
The target would be assumed to be the bottom of the ascending channel, which would be 3836. From there we will see one of two things. Either a breakout of the ascending channel or a bounce from the support line to send us up to test the second of the resistance trendlines in the descending megaphone. If we bounce, im certain it will also test the resistance trendline of the ascending channel. This would line up to be on December 1st with a target of about 4110.
If instead we breakout of the ascending channel when we head down, the target would be 3300 based purely on TA of the ascending channel. But i would like to mention that whenever we find a top, we reject -16.50% in 45 days (this has happened the last two times)
If we go based on that the target would be more like 3200.
Stay fluid friends. Were in for a volatile time
Spysignals
$SPY bulls in charge? maybe for now..$SPY momentum has been strong for the past few weeks. after the market switched gears to the upside after the government lifted off the covid restrictions this summer, and ok earnings in some of the big tech stocks couple weeks ago. i believe after the restrictions got lifted off, it helped the economy to get back on its feet. but despite the covid restriction being lit off, it created massive supply chain issues, and inflation. this is due to massive back log of the supplies that didn't get sold in the past 2 years because of the covid. Also, small businesses try to make up for the loss of profits during the pandemic.
here's my day trade price target for SPY on FRIDAY 08/15/22.
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For calls; buy above $429.17 and sell at 431.28 or above
For puts, buy below 426.49 and sell at 424.17 or below
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Spy levelsSpy levels. i (just) added the blue levels. the labeled one being the 0.5% fib speed res level. and 423.63 being the 0.32% but i just left my original plain 423 level for aesthetics. but i found it interesting how the blue ones, the ema's on diff time frames. and the fib speed resistance fan all kinda went together.
for my opinion and im racing the clock on this 15min edit window.
if we dont breech and go lower we stay between the blue levels (short term/ like today maybe).
if we do go lower which i think there is a good chnce, it will eventually tap that 432-430-428 level before reassessing and going from there.
SPY either outlier or on perfect course You can see there is a strong difference between the real cyclical bear market and the current correction. Also the primary bull market last 25 years last time from 75' till the 00'. We are now at around half cycle (13 years in). Last cycle SPX did 20x since cycle low the cycle before was around 13x (if data reliable), now we have just done 6x really underperforming. The 52 weeks MA has been the support of the bull market cycle as you can see in the chart. Hence I doubt the current correction will last for much more.
SPY Channel Week in ReviewJust a follow up/review from last weekend's analysis on $SPY and a big part of our success is having a plan & knowing what to expect before it happens.
Just from the 2 basic Channels (using simple trendlines), you can see SPY was GREEN all 5 days last week. Spy hit the Intermediate Trendline last Friday (5/20) and bounced off there for an expected return to the upper (Minor) level...SPY closed above the descending channel on Wed, following the release of FOMC minutes. From there, we had Targets (white dotted lines) drawn at 405 / 411 / 415.15 / & 420.9. Thursday & Friday achieved the first 3 and these levels were simply drawn from previous key lows. Our next chart idea will actually overlay just 1 of our algo's data on the intraday SPY chart and show you how simple yet powerful are the levels.
SPYGameplan for May 17, 2022
Spy did hit resistance and support all day with a small ascending triangle in mid-session, then got rejected on resistance. At the end of the session, the spy broke the uptrend line but still needs support to break so we can short it.
We will see what happens tomorrow. For now, observe, and there can be two scenarios because when sideways is a trend, make sure to watch and then play when it breaks. If it breaks, resistance go long and breaks support will go short.
$SPY 500: Strong Bullish Divergence!⭐7.86 Fib Mounted as strong support confirmed by a significant amount of volume (425) This support is valid by the VPVR and Bullish Divergence on the MFI.
⭐6.18 Fib Support mounted with large volume. This support 435 is valid due to the large VPVR node + volume.
⭐446 Resistance confirmed by VPVR and selling volume + Ichimoku Cloud Resistance.
⭐453 Resistance confirmed by 2.32 Fib and large VPVR node + selling volume.
⭐For bullish price action a 3D close above 446 is needed to reclaim Ichimoku Cloud support.
⭐Strong Bullish Divergence on the MFI hints for a breakout
⭐Options Chain bullish 70k Volume + 20k Open Interest at 450 which makes it a likely target. Lower targets than this are unlikely due to the bullish options chain.
*WARNING* This thread is not financial advice. I am not a financial advisor.
Spy forecast Spy levels to watch for- the yellow 436.58 being the 0.5% fib on the fib speed resistance fan. and 423.63 being the 0.38% or (.25%)
440 is acting as resistance. if it breaks lets see if it can hold and go from there. could test 442-443 again.
for my opinion and im racing the clock on this 15min edit window.
if we dont breech and go lower we stay between 437-441.50 (short term/ like today maybe/ highly unlikely).
if we do go lower, which i think that is a good chance, it COULD eventually test those 432-430-428 levels then reassess from there.
doesnt mean it has too. its just until goes lower there isnt really any big things to say till then. or im tired from retyping this.
that also doesnt mean i think we HAVE to go there before ripping faces off to the top side. this market is very wild and honestly today will be very telling
SPY S&P 500 ETF W-Shaped Recovery The SPY S&P 500 ETF wend down after the huge amount of puts that i noticed last week:
Now i am considering a W-Shaped Recovery to $470 by the end of Q2.
The Ukraine invasion was price in at $410 and the interest rates will be lower than expected due to the war.
Looking forward to read your opinion about it.
SPY bearish options todayI was monitoring the SPDR S&P 500 ETF Trust (ETF) options market and the puts are dominating the options today.
2/3 puts, 1/3 calls and some important dark pool prints sells.
My expectation is for a retracement at the $422 area, followed by a W shaped recovery.
Looking forward to read your opinion about it.
$SPYThe investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
SPY Stock Analysis - Day Short Term Bullish Pull Back Feb 15thTraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you.
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SPY Stock Analysis - S&P 500 SPDR ETF Stock Price Prediction for Tomorrow.
February
We go over the SPY stock - S&P 500 SPDR ETF stock, and give our stock price prediction on the SPY stock, our SPY stock price analysis, and stock price forecast on SPY for tomorrow TUESday February .
SPY STOCK: THIS IS A Bitcoin STOCK PRICE PREDICTION, SPY STOCK PRICE ANALYSIS, AND A SPY STOCK PRICE FORECAST VIDEO.
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DISCLAIMER: No financial advice, the information on this channel is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this channel is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this channel and provided from or through this channel is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this channel without undertaking independent due diligence and consultation with a professional broker or financial advisory.
SPY STOCK: Week SPY Friday Feb 11TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you.
Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my Day Trading of 6 years of Trading Volatile current market , examining market patterns , and interpreting of where the market is going.
TraderMan PennyPorkChop Focus incorporates - Specialized Analysis - Exchange and market Education - Pattern and Pattern Analysis - Market Psychology - and Trading Mental Health.
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SPY Stock Analysis - S&P 500 SPDR ETF Stock Price Prediction for Tomorrow Thursday
February 7.th
We go over the SPY stock - S&P 500 SPDR ETF stock, and give our stock price prediction on the SPY stock, our SPY stock price analysis, and stock price forecast on SPY for tomorrow Monday February 7th .
SPY STOCK: THIS IS A SPY STOCK PRICE PREDICTION, SPY STOCK PRICE ANALYSIS, AND A SPY STOCK PRICE FORECAST VIDEO.
. My Ideal Views are looking for new ways to think about Trading.
. No BS Technical Analysis that works, period.
. Day Trading and Swing Trading.
. New Traders Welcome.
.Swing Traders Welcome.
. You get Daily SPY STOCK pre and Post Market and the Price Spy ETF price predictions Weekend editions.
. TESLA stock along with TESLA share Price including Tesla After Hours.
DISCLAIMER: No financial advice, the information on this channel is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this channel is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this channel and provided from or through this channel is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this channel without undertaking independent due diligence and consultation with a professional broker or financial advisory.