SPY on the 15 -minute chart is shown to be in a megaphone or broadening wedge pattern since March 5th. Price is now at the lower support ascending support trend line. The Gaussing regression line forecast indicator an example of predictive modeling confirms with a prediction that price will trend up inside the pattern and head toward the upper resistance...
SPY has had a good run this spring. However, things are changing. Just this week, the debt \ ceiling got raised. The fed will be auctioning large amounts of treasuries to pay bills. This is money that will not go into the equities markets. Buying volume on a dollar basis will likely go down as a consequence. On the daily chart with a double Bollinger...
SPX heading to test the 200 then possibly the lower trendline in this triangle if that breaks. Could be a big leg down if the triangle breaks.
If this wedge breakdown confirms, we are headed for previous lows.
We are comparing price action in the charts of GOLD and SPY, just before the 08 global financial crisis. I see many similarities. I think the chart speaks for itself, if you have any questions let me know. Will 'deflation' play a part in the next bear-cycle? Are equities a bubble as Dr. Burry states? What sector will get hit the hardest? What sectors can we...
My first idea, comment if you think I'm onto something or if you think I'm dead wrong. Since the S&P500 high in January 2022, RSI-50 began fluctuating between low 40s and high 50s. Each RSI-50 interval takes 70-80 bars. Each low and high can be associated with a strong rally or strong drop in the S&P price in the days following the RSI peak/valley. So far, this...
What do you see when looking aty these charts? I see higher highs and higher lows. The NASDAQ:SQQQ broke a short-term trendline to the upside and then, the AMEX:SPXU followed. Now the next test is the last week's high, which it seems that it will break today. If it does, the next resistance is at the June highs. Thats +34% for SQQQ and +25% for SPXU, it...
I stream every market day at 9:15 EST. 15 minutes before the us stock market opens. Come join us. I usually stream for 4-7 hours every day and will answer any market related questions that I can. This is a 20 minute video, but I talk fast. There is a lot to cover, but it is worth listening to. This goes over more than just Nasdaq, but Nasdaq is the core of the...
SPXU crossed resistance at 17.85 MACD and Stochastics in buy territory. RSI at 60 which is a good entry level as it is over 50. It also crossed signal at 59.
S&P 500 has had a tough go in Q1 2022 and looks to continue it's correction given the broader macro-environment and economic headwinds. Upside opportunity if a market correction similar to the black swan event in March of 2020 would be greater than 1,000%... even a smaller correction as the Fed tightens in the short-term has potential to deliver phenomenal...
SPY price Analysis March 23th If you have any questions feel free to ask them! Thanks for watching
This is my trading strategy for March 16th, 2022 on the next FOMC meeting. Using inverse 3 x etf is like doing options without options. They track opposite of whatever it is they track. In this case the SPXU does the exact opposite of the SPY S&P 500 ETF .. The spy tracks the S&P 500 markets. So I'm setting up a position on morning opening day of March 16th,...
Betting against the market has increased significantly! In the past 2-4 weeks the volume of the 4 inverse ETFs has increased significantly (+2x)! This means lower prices are more likely! What could happen in the next 3 weeks if prices pass the Red lines? Market Reversals and the Sushi Roll Technique: In his book "The Logical Trader," Mark Fisher discusses...
Monitoring the volume of reversed ETF shows increased volume against S&P 500 and Dow Jones in the past week! I will monitor these for possible buy opportunities and benefitting from a possible market correction! a 3-5% correction could push these higher 9-15%..! They need to complete a reversal pattern above the green lines...
Everyone knows I started shorting the market 4 weeks ago, now I'm getting ready for the next down leg..!
expanded 3rd into the 2/19 opex just under 400 to play with both the bears and bulls emotions. wave 4 probably won't go below fridays dark pool support at 391, though it can. not sure how high that 5 goes, but i'm thinking a 123.60% extension on the larger scale, aka 408. which would also make this last move an extended fifth on the smaller scale. the...
Bought some short term protection today using SPXU. Overall I'm long term bullish, just trying to take some risk off while I maintain my other long investments in equities. Also considering gold, silver, and bitcoin for longer term risk management. "SPY trading at high end of range setting up for a head and shoulders. Short with SPXU. Status: Nov 13, 2020"
It's almost time to see if the market want's to continue this rally or reverse off the previous top. The month of August is going to be a hot time to make some big boy decisions for your portfolio. 3391 keep your eyes on it and watch that trend. Stay patient.