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Spy500

SP500 - 3045 followed by retraceBy looking at the weekly and applying a Fibonacci measured from the pre-2008 crash into the 2009 low, we can create future price targets. Isn't math neat? ;) You can see the 1.618 level held as strong resistance before finally breaking through upon Trump's sweeping electoral victory. The next target is 2.618 or roughly 3040. Indicators are bullish and prices are already at all time highs but not quite to 3k. More room to run. We could see a slow melt up to 3000 before pulling back.
AMEX:SPYLong
by jdharward
1
acb drop is over?spy been dripping the marked and dropping all the stocks with him now spy is at 293 in a ossible bull flag a major move from here will make all the market fly the mj cannabis etf is also at atl again about to bounce agressive in any time most indicator show exhasted drop may be it the big pump lets seee was expecting bounce at 5 or 4,80 but looks like 4,60 4 coe to play in the table the level where bounces of 100% 120 % been hapening few times lets see
ALong
by Leocryptowizard
2
If You're Bearish on SPY, Here Are Your Potential TargetsSome people think we will see a big sell off on the SPY, I think also we will see some selling pressure increase, so here are some targets to look for as sellers maintain pressure. I would look for bull divs on the daily time frame to play any short term bounces. You want that EQ of the channel to hold if it does go back into the trading range. If it breaks, look for a bounce from the bottom of the TR. But if we fall back in, I remain bearish and I will look for a long term target (blue line). This is not financial advise. This is for me, personally.
AMEX:SPYShort
by thejdela
1
SPY shortThe technical analysis that I ran this morning on the S&P 500 look as if it can be headed for a correction. Looking the history in the recent months the Elliot wave theory can be applied on the recent uptrend of the index. With the dip in May-June it looks as if the SPY may be going into an Elliot wave theory correction. Also looks like a double top reversal pattern forming as well. It is also important to note the amazing bull run the market has been on since the 2008 financial crisis. We are due for a huge market dip and this may be it.
SP:SPXShort
by Hzaidi
SP500 SPY ETF supply and demand analysis and forecastSP500 QQQ ETF supply and demand analysis and forecast for 22nd April 2019. SP500 SPY ETF is trying to break weekly supply at all time highs around 293. There is a clear long term weekly and monthly uptrend with all time highs previously eliminated and brand new demand zones created on bigger timeframes like the one on the weekly timeframe around 281. In an uptrend, supply levels are eliminated and demand levels are created and respected.NASDAQ QQQ ETF has already broken all time highs, expecting to see similar price action on QQQ and other american indexes like Dow Jones and Russell 2000 indexes.The bigger the impulse created by new imbalances of demand the better. There is no reason to go short counter-trend on SP500 SPY ETF when everything is heading north and new demand levels are being created. Trading with the trend is always higher odds.
AMEX:SPYLong
by AlfonsoMoreno
SPY Retracement Scenario Before Continued Sell OffHere is a scenario for a 50%-61.8% retracement for SPY, up above $282, before continuing it's sell off. Looking to the left, there was a very similar structure in late February into early March. You can see how the peaks are quite identical, and on the low following the last peak, there was a retracement between 50%-61.8%... and also to the area of the 100MA. Currently, that would represent a bounce up above 282 before the selling resumes. On the current chart, I drew 2 fib lines... The left one is just to show that the intraday bounce on Friday, March 22 came no where near the level that could be expected from the earlier chart, which would have been between 282.30 and 282.90. It instead topped out at 281.51. This was also well short of the 100MA. If that was THE retracement, then steep selling is likely to continue. If the low associated with the left fib lines is not "the low following the last peak", then we can count it as not in yet, and take the lowest low from the end of the day. The right fib lines are to show how high the retracement could be before the selling continues. Also, notice the little RSI divergence to end the day... Both scenarios are bearish, and would see new lows by this time next week. This is merely to point out the precedence of a possible nice bullish play before we get there....IF the bounce to 281.51 was not it. Travis JMJ - UIOGD
AMEX:SPY
by Procinctu
SPY update -At the cuspUpdate. SPY has moved higher but this trade is still in play. Recommended course of action would be to sell here but be prepared to buy back if we cross both the yellow resistance line AND orange line. Trend meter indicates possible further bullish action but all other indicators suggest a drop from here. Also possible, we could grind out along the yellow line without breaking it. Moving up or down will likely hang on a "positive" US/China trade deal announcement before month-end or even week's end.
AMEX:SPYShort
by jdharward