SPG has been consolidating since late 2018. I predict a break to the upside as the price movement contracts over the next 3-9 months.. SPG currently sits just below the 61.8% fib with strong support at 135.68. A true breakout would occur after 157.72 (61.8% fib). Notes: SPG Jan 2026 145.000 call currently has 1,431 open interest as of 7/11/24, trading at...
NYSE:SPG has been in an uptrend since Oct. 2023, and is approaching a red resistance zone. I think there is likely to be resistance ahead, and I would look for an options puts trade setup.
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Major Inv C and H on Daily has formed... The price is having some type of recovery before the price continues down. It's a conservative entry to enter when the price is below the brim level. This will confirm the downside to come to around $51.00 Also with Moving Averages - 200 > 21 > 7 Bearish Target $51.00
Second post about a double bottom for SPG This time I have made the double bottom horizontally aligned Below is my first post for SPG suggesting a double bottom
I expect price to form a double bottom from where it is now, continuing the up channel that can be drawn I prior double bottom can be seen, which led to bullish results
Buying more stock today. Plus Oct & Jan 180 calls.
We are seeing a cup & head pattern on this real estate ETF. How to enter a position: First entry: 20% of full amount, when it breaks the high of the handle of the cup. Second entry: 80% is the cross above the high of the cup, confirming the bullish pattern. Risk-reward setup: Profit-exit: Full target is $53 approximately. 10sma has been working...
I lke the volume and price action on these two stock will be watching level 2s
The Real Estate sector - here represented by iShares U.S. Real Estate ETF (IYR, in orange), Simon Property Group (SPG, in purple), Equity Residential (EQR, in red), - can sometimes act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks in 1998, Feb 2007, Mar 2015, Nov 2017.
I see couple of gaps to be filled here. So the question is - where do we go first? Will the lower gap be filled during the shopping frenzy? Do not think so. Moreover - do we see a golden cross forming here??? Yep! So first we go to 95-100 in Jan, and then (maybe…) back to 60’s in Feb-Mar.
1. Broke out of the downstrend since Oct.6th. (Orange line) 2. 200 MA has been a resistance level, marking the top on Oct. 23rd. Today the test of 200MA seems to have failed -- see the increased volume drop in the last trading hours. 3. Going forward, expect price to retest the green line, around $64(-1.36% downside), and rebound. If SPG manages to keep the...
NYSE:SPG mostly trading sideways after June. As a COVID recovery candidate, if you want to get in early, sell put strike $65 weekly for a premium around $250. Even if you get assigned, that brings your avg to $62.5, which is below the POC from fixed range volume and the buying spree on 8/10
$SPG Oversold at Support - Bullish Options Activity Falling wedge into uptrend lower channel support line - expecting a break of the wedge to the upside near term. Medium Term Target: $95.00 by mid-Sept Bullish Options Activity Today: 1,100 $130.00 strike (deep out-of-the-money) Jan'2022 (18 months from exp) calls traded today for a premium outlay of...
1h downward channel possible break if bullish. If not then retest of larger channel bottom/support area. Waiting on entry. Great long term fundamentals: largest mall real estate owners trading at nearly half of their valuation from just a few months ago.