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Shortspy

SPY does a rising wedge suggest a reversal? SHORTSPY on a 30 minute chart shows a rising wedge over the past week. Price is now under a nearly flat upper trendline of resistance while the support trendline is rising. The dual TF RSI indicator shows strength about 70 while the zero lag MACD shows a K /D line cross. Because of this I believe, SPY may retrace to 468 or the level of the Fib 0.5. Since SPY is a high volume high liquidity slow spread instrument I see a buying a put option or s short swing trade short on the shares as strong consideration for the next trading day if the breakdown is confirmed.
SShort
by AwesomeAvani
2
Still Short on SPYThe weekly chart bars show that my previous analysis is still in play. The past week plus kind of threw me as we blew through the bottom of my wave 1. I am not sure if the move (2/22 -3/14-now) is a 4 or a B but either way the next couple of weeks are going to be overall red. I will post a follow up analysis of what I think these two weeks will look like. I am a believer that markets are cyclical in the sense that all things have a pulse, a code. The Fibonacci sequence is found in all of existence i.e. the patterns that galaxies form. If you watch the video that I posted on a previous idea with Robert Prechter he gives a good example of how Fib Sequence can be applied to markets. He shows that the markets were meant to top in 2021 (which I believe we did have a true top in December before a corrective wave pseudo top). I believe it is on a deeper level. Maybe it has just been written into the algos of the market puters at this point but it started before that. Looking forward if we count it the sequence we should bottom this year and then have a very volatile 23-24. My call: we bottom in December 9th. (12/9???) Using Elliott Waves and the Fib Sequence we can get a good idea of future direction. The key is to give yourself enough time for the move to happen as correction waves can be complex and drawn out... lesson still being learned. Trading through 2020 has made me expect massive reversals every day of a bear market but they have consistently dragged out a move to the end of a day (or the week). This is just one thing that tells me that it was just time of the markets to top and to come to a more reasonable evaluation, it has been an orderly descent. Yes, there are horrible things going on in the world but there are always bad things going on that the markets powers through. Furthermore these things are happening because it is time for them to happen. Like a running engine, one component does it's job and that leads to another. Throughout history we find these patterns of build up and falling off of economies and societies as well as war timing patterns. It is father time in unison with gravity. It is the push and pull and the greater power that controls it all. Once a path is set for the market, the market is going to finish out that path before embarking on the next wave... some great news story may delay or expedite the path but it will not stop it. It will just contribute to a longer or shorter correction period. The key is knowing where we are in the process and mapping out the possible end price targets. With practice we can see that price action will touch these goals to the penny. I believe if the markets prove your analysis wrong it is because you read the pattern wrong, not because it is erratic or changed direction due to news. The news does not affect the market the news tellers just put a story to the market's action. I believe the best news station understand the future direction of the market before it happens and set up their day to reflect that. Happy Trading my fellow travelers.
AMEX:SPYShort
by ZaphodBeebz
SPY is going down these next two months 🧨🔨In Elliott Wave Theory there are only two kinds of moves: Impulses , and Corrections . We can all agree that since November, this grind up is not an impulse, which means... that this is a correction. Wave B's are nicknamed "The Suckers Rally" and boy are there a lot of suckers, including myself lol. VPVR points to a retest of last years high (big money buy zone) >Max Pain next month is at 375 >Max Pain the month after is at 369 >It would also explain the HUGE bearish divergence since September. I'm rolling with this count, as it is the only one that makes sense from a textbook perspective. Todays idea is also in line with the first bearish outlook I ever gave spy on Jan 23rd.
CME_MINI:ES1!Short
by Eloquent
2
Get Your Puts In, This Rally Is Weak.Short and concise as all of my charts are. I believe in the methodology of coming up with a fundamental approach to reading the charts, and simply test these beliefs with TA to either confirm or reject the fundamentals. This late-week rally leading into the weekend has A LOT of stipulations involved which is why it is very difficult too identify a clear and concise move at the moment. Democrats in the US are working hard to push an additional stimulus bill to pass which has in the recent pass, caused markets to rise. Republicans are still not set and have not voted on this new bill. This is an extremely important note to remember here. Stimulus bills are good for corporations, which in turn yields positive returns in the overall market as sentiment rises. THIS IS NOT A LONG TERM ECONOMIC SOLUTION but it's apparent those in leadership roles are prioritizing keeping our markets propped up and I can easily foresee this new stimulus bill passing once the Republican party can add a few stipulations to the bill. Putting the stimulus aside, short term charting is showing a very clear double top. In my previous chart, this was identified and successfully shorted down to the 50 fib retracement level. You can see my buy zone was set between $274-278 and I gotta say... It was perfect. That zone was a major support area and a subsequent bull rally followed. This was expected too! Not every bear rally is 2,000 days straight of red, we MUST have green days to leg down further. After-all, if there are no buyers, who is there to pick up your shares/options once you exit? We're seeing: Lower highs Lower lows RSI is also showing exhaustion Major resistance is being hit currently All things are leading and pointing to another leg down. Buying volume is very poor in this rally, thus showing a lack of positive sentiment in the current price point we're hanging around. Looking for what to watch? Volume will dictate which way we begin moving. I also implore you to take a close look at resistance and support zones. We did see a solid bounce from the 50 Fib level but I simply don't think we have enough upward momentum to re-test 61.8 again. If a leg down takes place next week or over the weekend, I can see us re-testing the 50 Fib level and that level failing, driving us down to new lows once again. Level of risk: Moderate to High Be very careful with staying up to date on the news and the impending stimulus bill. This will impact price action and will likely come after hours. If this bill stalls or doesn't get passed, that alone will be a catalyst for our next leg down. Just be very careful during these low volume days and make sure to watch the Greeks if you decide to play options. I suspect if the stimulus passes, Monday will be quite green but watch that volume!
AMEX:SPYShort
by larsontw16
3
SPXS – Bullish Banana Breakout Confirms SPY DowntrendChart Details Weekly view shows price touching 10WeekMA. (same as SPY but inverse obviously) Price cross above 10Week should confirm uptrend to gap fills. Price above aqua blue line confirms uptrend to EMA cross. Price above yellow line and look for upper gap fills. Gaps to fill up to $17 Stop $13 Target $16 Money Patterns member alerts for this trade had lowest entry price of $12.08 Opinion – SPXS has very few unfilled gaps previously. Market overextended. This has good potential to fill gaps in the next few weeks. Coronavirus fears and reality will sink in. First time in 50 years Americans are quarantined WITHOUT CHOICE when entering the country. About Me www.moneypatterns.com Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on www.moneypatterns.com
AMEX:SPXSLong
by MoneyPatterns
SPY – Correction IncomingChart Details Weekly view shows price touching 10WeekMA. Price cross below 10Week should confirm downtrend correction. Gaps to fill down to $294 Stop $325 Target $300 Opinion – Coronavirus will increase and so will the bearish sentiment. Money Patterns member alerts for this trade had 40%+ next day returns. About Me www.moneypatterns.com Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on www.moneypatterns.com
AMEX:SPYShort
by MoneyPatterns
2
SPXS - SPY Hedge Bullish - Shakeout Before BlastoffChart Details Small pullback today. Bullish EMA cross and Bullish 10Week Cross stacked up. Very close to crossing will confirm bullish trend. Gap fills to $15/$16 conservative estimate. Weekly trend confirms bullish trend. RSI on Weekly confirms pattern breakout. Stop $12.50 Target $15 About Me www.moneypatterns.com Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on www.moneypatterns.com
AMEX:SPXSLong
by MoneyPatterns
3
SPX – Bearish Trend on Weekly – Finally HereChart Details 4HR view shows heavy sell volume and bearish EMA cross. Weekly and Daily view both show bearish trend. Most important Weekly – bullish trend since Sept. Bearish EMA cross on Daily should confirm at 3250 Target for exit 3191 Watching RSI around 46 for exit bearish, enter bullish About Me www.moneypatterns.com Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on www.moneypatterns.com
OANDA:SPX500USDShort
by MoneyPatterns
2
SPXS – Hedge Against Downturn Turned BullishChart Details Price on Daily broke out of banana pattern. Bullish EMA cross on Daily should occur with Daily close over $12.81 Weekly trend very close to bullish flip. When this occurs, $14 conservative price target. 10WeekMA cross around $13.50 should continue to fill gap at $15. Opinion We are long overdue for a pullback. Coronavirus now in 4 countries. Hong Kong on lock-down. Gold and Silver looking bullish as well. Next week 1/27 is going to be the biggest week of earnings. BA, AAPL, MCD, etc. If AAPL misses earnings, there will be repercussions due to market cap of the company and being overpriced. About Me www.moneypatterns.com Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on www.moneypatterns.com
AMEX:SPXSLong
by MoneyPatterns
1
SPXS – Bullish Breakout – Any Day Now… Trade Entry Anything at $12.80 or below is a great entry price as hedge. I am putting some wishful orders in the $12.34 area and below just in case. Chart Details Banana pattern almost at end. I think the last Daily Bullish candle gave us a better contact point with $12.59 low. The current downtrend without significant uptrend has occurred over 3 months. Overdue. Gaps to fill up to $17.40. Bullish EMA Cross and price crossing 10WeekMA will confirm uptrend. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
AMEX:SPXSLong
by MoneyPatterns
7
SPXS - Banana Pattern Getting BullishTRADING ACTIVE Options were closed when stops were hit. Stock is kept as better entry. More resistant to market whipsaw (no time issue like options). Chart Details Banana/Shoe pattern is repeating. We are at the end of current pattern. Expecting gap fills up to possibly $17+ Bullish EMA Cross (at $13.70) and Bullish 10WeekMA cross ($14.60). Over both we are confirmed Bullish. I would be watching exits as this moves quick. Fractal shown is from similar pattern where Daily candle had topping tail wick, followed by larger green Daily candle on next day. This indicates the turn to me. Entry Options I would continue to add in this position under $12.90 if we get into end of pattern. Otherwise I am waiting with current position. Stop loss at $12.70 – although I will probably hold past this. SPXS will pop and cover up-gaps. Side-note - GDX and Gold are both turning bullish which (to me) is a secondary confirmation of incoming market correction/pullback. News: - I haven't watched either but RealVision is excellent with sources. 1/1/2020 - John Bollinger Interview (Debunking False Assumptions) www.youtube.com 1/2/2020 - RealVision Finance "WTF is going on in the economy" www.youtube.com About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
AMEX:SPXS
by MoneyPatterns
10
SPXS - Bullish Confirmation on Daily YesterdayTRADING ACTIVE IN SPXS Chart Details SPXS confirmed Buy Signal on Daily yesterday. Gaps to fill up to $17.50. Bullish EMA cross will occur around $13.94. 10WeekMA cross around $14.60. Anything above $14.60 should confirm Bullish trend up to gap fills. Price may stop at each gap fill – watch to exit if reversal occurs. RSI turned Bullish. Trend Dots confirm Bullish trend on Daily. I will update if Weekly view also confirms. Entry Options I am entered in the Jan 17. Expiry, 12/17 Put Credit Spread. $3.83 Credit received. Breakeven SPXS at $13.17. Max loss $117. Max gain $3.83 About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and will be updating my username here. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term - GDX Bullish, SPXS Bullish, SMH Bearish
AMEX:SPXSLong
by MoneyPatterns
14
SPY - Pullback BeginningI AM NOT IN THIS TRADE. I am using SPXS instead of shorting/buying puts on SPY. I will update SPXS chart momentarily. Chart Details SPY confirmed Sell Signal on Daily yesterday. RSI trendline broken confirms downtrend short-term. Filter dots also verify Bearish trend has started. We need to watch for continuation. We should see reversion to 10WeekMA around $310 or less. Although nothing is promised. Blue long-term support line would be good entry for long position – if we get this low. We still have Fed "not QE" until 1/14/2020. For those who think Fed Balance Sheet and SP500 gains are not correlated, see video below. 4mins12 secs until 6mins16secs - 2 charts showing direct correlation. www.youtube.com Entry Options I am entered in SPXS. Please see this chart for trade entry details. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com. Jbird7839 is MoneyPatterns - Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term - GDX Bullish, SPXS Bullish, SMH Bearish
AMEX:SPYShort
by MoneyPatterns
4
VIXY / TVIX - Weekly View Confirms Bullish Flip ComingWeekly view on VIXY/TVIX confirms the trend should be flipping to Bullish by next week. Weekly RSI trend has just broken to the upside. Recently broke out of the shoe/banana pattern. VIXY has followed this pattern for years, so I feel this is strong. Everything is lining up to next week sometime we should see SPY go down and VIXY/TVIX go up. EXITS -At pink line around $19 -If Daily RSI gets to 70 or higher If we don't get a bullish trend by next week on VIXY, I am wrong. For Daily view posted yesterday see chart below. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL
AMEX:VIXYLong
by MoneyPatterns
10
SPX / SPY - 30Min View - Morning Update30Min view of SPX shows we stayed within the current wedge pattern for the most part. There was a small increase above the resistance line which moved the tip of the pattern back by 7 hours. (I don't think this is big deal) 10WeekMA is coming from below like a shark. IMO we have less than a week before SPY/SPX turns down. News - Steve Bannon was on CNBC this morning (video not up yet). He said Trump will "Drop the hammer on Sunday". Referring to tariffs. I will update this article if/when CNBC uploads on their YouTube. Daily view from yesterday Weekly view Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL.
OANDA:SPX500USDShort
by MoneyPatterns
1