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Spy500

SPX Gives Bulls a glimmer of HopeAt first when the price action fell below the 200 MA on Friday, I was a bit nervous. Luckily we had a bounce back above the 200 hundred. Which then left the price action stuck between the 50 MA and the 200 MA. Leaving it a guessing game as which direction we might be heading. Oddly we have settled on a support line... which is the same suppot line when Biden accounced harris as his running mate. Yup, the 11th of August.. that big red candle I have circle. I'm not exactly sure what that means. But hopefully that wil be the last support line we'll see for a while. Which is why I saw it's a glimmer of hope. Yes, we've closed below the 200 MA on the 4 HR. Now we just need a comeback. AAPL Fell to the 50 MSFT Fell tpo the 618 I think the worst is over... I hope.
OANDA:SPX500USD
by BodiesXWix
Advance Decline Line did great job. What is next?Last week was hot for stock traders. As we discussed SP500 rallied a bit higher and was rejected. The Advance Decline Line did its job perfectly. I think the market can retest 3500 or higher and if rejected, we can sell for 3200. We still can see a big rally this year. Cycles and Fed Funds forecast indicate the beginning of an uptrend at the end of September. Besides, the stock market is usually strong before Elections. But for now, let's focus on very short-term trades.
CME_MINI:ES1!
by UnknownUnicorn1156963
SPY - BE CAREFUL SHORTINGHello Traders, First official publish today! Let's take a look at the SPY on the 4 HR chart. No fancy charting needed. Our strategy follows simple market structure. BIG question leading into next week...IS THIS THE SELL OFF?! We're Bullish. We were expecting some sort of a pullback and it's nice that this "major" sell off took us back to simply retest our last ATH breakout zone. We are buying into this retest where we see a range of support from $331 to $340 area. There could be a further sell off down to those levels coming into next week. Be careful shorting this market. There's a lot of bearish sentiment and that's totally understandable due to covid and election fears. However, US equities still lead the global markets and we believe that more foreign money will pour into the US stock market this year to make positive yield as the rest of the global market underperforms. WATCH OIL THIS WEEK! We saw a bit of a continued sell off on oil this friday. This could potentially bring us closer to the lower support areas and put us in a grim environment during the early trading days this coming week. Take your profits on short term trades and never chase these moves until a full confirmation. Other than that, trading volume should pick up next week and we'll have to observe how the market comes back after labor day. Have a nice weekend! *NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
AMEX:SPYLong
by KoreanStreetBets
SPY AnalysisPrice has been on a long bull run so its about time for a pullback. Price made a big move to the downside but is still in an overall uptrend. Although I know price is still in an uptrend I am looking to go short on SPY if it pulls up into my sell zone before reaching one of my buy zones. I am also not going to just buy SPY at those zones just because price comes into them. I will wait for price to show strong signs of a continuation in the uptrend. Hope this helps you in the coming weeks! Don't forget to like and follow!
AMEX:SPY
by DNiceChampion
! Key factor being disregarded during stock rally - The DXYToday is the 30/7/2020. The S&P500 dropped even though the dollar index got slaughtered. If you weren't aware, the S&P500 show it's price in US Dollars . What does this mean? It means that when the dollar weakens, stocks should go up and the inverse for the opposite scenario. However, seeing the dollar getting weakened AND stocks dropping is very bad. This means that although the dollar got demolished, stocks STILL dropped . As soon as the dollar stops the downwards decline we will see a strong drop, perhaps even a second (smaller) leg down for stocks.
TVC:DXY
by m255683349
SPY fake sell off todayIf you look at the MACD from previous periods it looks like, comparing to previous MACD bull runs, we are just getting started. Todays sell of was definitely one to scare off the bulls but we are hitting resistance and going to recover if you look at the 4 hour MACD we are barely going to flip the MACD to bullish and the AO indicator is already showing signs of bullish movement Plus we still have to close the gap made right before the drop of Feb 19 around the $330 area IF there is a real sell off it might be when we hit the $330 level soon or around August doesnt seem like we are going down any further Bullish until Q3 and possible $400 SPY by EOY
AMEX:SPYLong
by mandujanotony31
6
SPY - TD Sequential Hinting Potential ReversalUsing the TD Sequential strategy, there's currently a TD 9 (sell) on 1h, TD 13 (sell) on 4h, and TD 13 (sell) on 1D chart. Not to mention, the gap has been filled and a hanging man candle is present on the 1W chart. I have set a stop loss at $319, because a high volume breakout through the recent high at $318.50 would mean that it is no longer a potential double top in the making and would indicate further weakness in bears.
AMEX:SPYShort
by ErnestEA
SPY 320 by Tomorrow July 8th?With the FED repo schedule and the continual bullish nature of this market can SPY ETF reach 320 by EOD tomorrow July 8th? Let me know in the comments what you think and tweet at me on twitter @thekungfunerd . My play this week was puts yesterday for a quick 100% return and now I'm holding 0 day 320 SPY calls expiring tomorrow. I have no regrets and im not worried either way. I also wouldn't be surprised to see SPY hit 320 by close today / open tomorrow. Cheers and Go Make Money
AMEX:SPY
by Kungfunerd
3