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$SPY ready for the relief bounce?$SPY reached its new low for this year as the market extended its losing streak for this month after the fed decision last week meeting. One of the main factors of the sell-off was inflation and shortage of commodities due to back log and covid restrictions. in my personal opinion, i think $SPY will continue to make lower highs or lower lows. Any rips or bounce can be treated as a fake reversal until we go above the 200 or 100 moving average. Day trade or scalp target play: 05/09/22 Buy call above 405.28 sell at 411.09 or above. Buy puts below 396.59 sell at 391.45 or below option open interest: ideal expiration date: (risky) 06/17/22, 7/15/22 Hello everyone, Welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions on which stocks I should analyze, please leave a comment below. If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tuned for more. My technical analysis is not to be regarded as investment advice. but for general informational purposes only.
AMEX:SPYShort
by CHRIS_B58
IWM back on Radar for Swing TradeDashed lines mark a few levels on chart. Sometimes zooming out in time helps to really see price trends and patterns. Here you can see price has been consolidating in a rising channel since end of Jan. The more I look at this, the more I think price will eventually break the red line and continue lower. Signs that bearish trend continues: > 20sma (aqua) crosses below 50 (blue) > 100ma (purple) holds as resistance while 20/50 MA's start turning down > RSI returns below 50 > daily close below red line with continuation lower As I write this, price is knocking on 202, which has also been a big level for me on my 30min chart. You can see to the left that price rose steeply, and I think if this channel breaks down then price will go to 188, 180. On the weekly chart price has already turned down from 20MA and is currently sandwiched between 20 and 100 MA's.
AMEX:IWM
by OptionsRising
4
SSTK earnings in 5 days | $65 Strike Price PutsIf you haven`t sold the $96 right shoulder bearish chart pattern: then allow me to tell you about my experience with Shutterstock, Inc. (SSTK) as a contributor: I am a contributor on Shutterstock from the time they were publicly listed and in the last years they changed the tiers in order to keep more for themselves and give less and less to the contributors. The earnings for contributors are now at the 2015-2016 low, people that i know are not interested to post on Shutterstock anymore. The picture sales are decreasing massively for contributors and i think that will reflect in the April 26 earnings call. I will buy some $65 May 20 puts, now at $0.60. Other rival companies like Pond5 and Adobe Stock gained momentum and are starting to sell equal or better than Shutterstock recently. A lot of contributors that i know moved to those platforms. My opinion is that the stock will drop to the $66 level and do a dead cat bounce before going to $43, which is a realistic target considering the contributors conditions right now.
NYSE:SSTKShort
by TopgOptions
TWTR due for correction!!!TWTR nearly approached oversold territory. After the news of Elon Musk considering purchasing more shares of the company following such negative news of a potential hostile take over by his most recent offer. This all caused the company to implement a "poison pill" to prevent a hostile takeover. Which is brilliant. This however will not be enough to keep the ticker running hard on tax day. Tax day historically is a red day. It will take a major catalyst to cause TWTR to continue this run it has. I evaluated the day chart in this example looking over a few puts I played last week for a swing. All of the indicators such as the MAC D, The studies used in this study are Chandelier Exit Strategy, Moving Average Convergence Divergence, Moving Averages(2) , and the Relative Strength Index with SMA. My projection is TWTR open on the down trend in the morning if this chart pattern continues. If the 50 day average crosses over the 200 day moving average TWTR will be bullish again. I am bearish because I believe twitter will sink back to the 30's soon. On the flip side, TWTR can form a cup and handle chart pattern which can only happen after a correction happens, and the ticker go back to the $50's, yet I believe the momentum will die down on day trades on TWTR. **This is not financial advise but only a personal observation for my play.
NYSE:TWTRShort
by rogers1906
1
Where is Micron Technology going next?Ok guys I am really bad about wanting to type out a thesis on my charts. Not all the lines on my chart currently matter, they are for my reference as a lot of the chart is hidden. Overall I see a possible pullback up to the $83-$84 range, after that my overall range to the downside for the current moment is $72-$77 with a more pinpointed range of $73-$75. I will reassess the chart once I see more price action play out into the beginning of the week and most likely grab a PUTS position (want to make sure from validation). Once it hits my targets I will reassess the chart for further moves to the upside/downside. What are your thoughts on MU/Micron Technology?
NASDAQ:MUShort
by TheStockOdin
What I can see playing out in the next few weeks DOWN TRENDAs we know we have been in a down trend. Ended the year and started new year with a bang and than literally a BANG! First few weeks of the year had some people shook. It has been in a down trend since and continues down its channel pretty clean. not perfect I think we need to fill that 400 gap before we see highs again. With inflation, war and everything going on most of it is priced in but it could still get crazy. I am not a finical advisor I'm just guessing this is what will happen. The last few weeks has been very good (short side) Some people only play one side ( i my self at a time did as well and lost out big because of it! ) I don't think were in full fledge bear mode and not "crashing" yet atleast... When spy is in the low 300s ill say ok we crashed! Anyways Safe trading people! Super volatile :)
AMEX:SPYShort
by ArmaanOG