Get started

Spyforcast

SPY Breakout Watch: Triangle Pressure Builds Above 590SPY has surged in a strong V-shaped recovery from the March low of ~480 to testing major resistance around 595–600. The daily chart shows sustained higher highs and higher lows, but price now stalls at a key supply zone with multiple doji candles—signaling indecision. A rising trendline provides strong support near 570. Zooming into the 60-minute chart, SPY forms an ascending triangle with flat resistance at 590 and rising support from 584. Volume contraction suggests accumulation, priming a potential breakout. A 60-min close above 590 targets 596, with a stop under 588. On the 15-minute timeframe, bull-flags form frequently after morning gaps, with breakouts typically launching 4–5 points higher. VWAP and the 20-MA converge near 588.5, making it an ideal pullback entry zone. Strategy for May 19–23: Long on a clean breakout above 590 (target: 594–596) Stop under 587.5–588 Caution if daily closes below 570 Expect early-week upside tests of 590–594, followed by a potential breakout toward 595–600. If a high-volume rejection occurs near that zone, a quick scalp-short may be in play.
AMEX:SPYLong
by BlackCandleTrader
SPY Technical Outlook – Bullish Continuation Favored Above $584SPY remains in a strong uptrend, confirmed by a bull flag breakout on the daily chart, with price currently testing the $588–590 resistance zone. A rising channel on the hourly chart has guided price since early May, with repeated bounces off the lower trendline around $578–582. Recent volume expansion on breakouts reinforces bullish conviction. On the 15-minute chart, a breakout and retest setup around $585–586 suggests a low-risk intraday long opportunity. The intraday VWAP and moving averages support this level, with momentum favoring a push toward $590. A failure to hold $584 could open downside to $582 or $578. The near-term trading bias remains bullish above $584, with targets of $590–592. Short-term traders should look to buy defined pullbacks with tight risk, while watching for volume to confirm continuation. If $590 breaks with strength, swing targets extend to $595–600. Conversely, a breakdown of the hourly channel would favor quick shorts targeting support zones below.
AMEX:SPYLong
by BlackCandleTrader
SPY in Focus: Tactical Day Trading Amid a Bullish RecoveryAs of early May, SPY consolidates around $560–$570, testing former support-turned-resistance. On the daily chart, the market is pausing after a rapid rally, with $610 as major resistance and $540–$485 as key support. The 1-hour chart reflects a solid uptrend with recent consolidation between $555–$568, while the 15-minute chart shows intraday weakness with critical support at $560. Three trading strategies emerge: (1) Bullish breakout, buying above $564–$568 with targets up to $580; (2) Bearish breakdown, shorting below $560 with downside to $545; and (3) Range trading, buying/selling within $558–$568 using tight stops. Confirmation via volume and candlestick patterns (e.g., engulfing or hammer) is essential. Short-term bias is bullish, but with caution—if SPY holds $560, it could retest $570 or break higher. A drop below $556 invalidates the bullish outlook.
AMEX:SPYLong
by BlackCandleTrader
MyMI After-Hours Update: S&P 500 Potential Pullback?As the White House proposes 25% Tariffs on Steel and Aluminum imported to the US, and with the current resistance we're seeing around the $6069 Price Level, we're now looking for a potential pullback as more import duties are to be included along with Steel and Aluminum come Tuesday / Wednesday of this week. If we do see a pullback, we're looking to see if it break support on the 50% Retracement and even further below are the $6021 Price Levels, but even more so, the $5960s. Going to be an interesting one to watch! Stay connected by registering your FREE account on our website to access even more resources and tools to improve managing your financials and investments. LINK IN BIO!
CME_MINI:ESH2025Short
by MyMIWallet
1
SPY Gap Filled - Local Bottom - More SendTrading Fam, I am not overlooking the small H&S pattern seen on this chart. I am simply presenting alternative data. What if that H&S pattern fails? It can happen. Even if we do drop further, our target down is that pink horizontal trendline. Will we get there before more buying ensues? Possibly. But this market is still bullish. The larger bull trend is still very much in tact. Additionally, we can see that an important gap has been filled. Therefore, it is very possible that the small H&S pattern we see here will not reach its target down. If that is the case, we'll turn up again, continue through my Target #2 which was already hit, and proceed onward and upward to my final Target #3 (670-700) until that is reached sometime in 2025. Therefore, you are not wrong to start DCA'ing in at this point. ✌️ Stew
AMEX:SPYLong
by stewdamus
5
SPY H&S is breaking. The market may have just flipped!H&S Broke it's neckline and the overall $580 Support. We are seeing this break of support across the NASDAQ:QQQ AMEX:IWM as well. This is all leading me to believe strongly that we are now in a crash or correction in these markets. I personally sold out of all my TRADES and am HOLDING and DCAing in all my INVESTMENTS. The difference here is my Trades where to the upside and with the markets telling us where we are most likely heading now I am not staying in trades to find out if it will be for 5% or more to the downside from here as this would lead to all long trades getting pulled to the depths of hell. There are no certainties, and before, based on what I was seeing, I said I believed we would bounce and hold this area (Which could still be the case), but all reasoning behind that has been ruptured, and I have nothing left to believe in that besides small criteria. To be a good or profitable trader, you need to be not stubborn, follow a set trading strategy, and be reactive to the markets and what they are telling us—not go against the overall trend! All we have are charts and indicators to help us make our best assumptions of what will happen. More criteria pointing in one direction is the way you have to assume we will go...well we went from pointing up and for an imminent bounce to most criteria pointing down for what will either be one of the biggest fake outs ever's or a correction/ crash in the markets after a massive 2 year bull run. Only time will tell at this point, but I wanted to make this post to inform everyone here about what I personally did and what I'm seeing. I DID TALK ABOUT A CORRECTION/ CRASH THIS YEAR IN THE MARKETS IN MY 2025 PREVIEW BUT SAID SECOND HALF AND THAT WAS MY BEST GUESS... As always this is NOT FINANCIAL ADVICE and NEVER WILL BE! Everyone needs to play their own book and make their own ADULT decisions.
AMEX:SPYShort
by RonnieV29
17
Market Open Update: ES Buy Zone Here? APEX Trade of the DayHere's our APEX Trade of the Day! The ES provided us with a healthy pullback providing a re-buy zone around the $5975 - $5982. We can use this as an overall market gauge to see some pushes higher in our trades that we have shared! If you have seen them yet, be sure to follow for more as we can analyze the Market and finding what's available as to get positions in as we move forward into 2025! Connect with us to stay tuned for more at @MyMIWallet #MyMIWallet
CME_MINI:ES1!Long
by MyMIWallet
SPY Triple Bottom, Rally time?!AMEX:SPY SP:SPX I'd really like us to end the week above $580 in order to have this either Double or Triple bottom friends! I could see a flash crash down to fill the price GAP at $574.81 as well. Either way from what I'm seeing on the TVC:VIX , Economic numbers, and the charts I believe we are getting close to a bottom friends. Consolidate down to only the best names until we receive that confirmation. They did a fake out today and another FED putting FUD into the market didn't help with the GDP projection. Not financial advice.
AMEX:SPYLong
by RonnieV29
31
2025 STOCK MARKET PREVIEW – It's a BEAST!2025 Stock Market Preview – It's a BEAST! You are going to want to watch this video as it's JAM packed with great information for the new year! It may be long but aren't you trying to learn and become a better investor or trader?! Get ready for 1 HOUR of action-packed, game-changing insights: -Economic data -Technical analysis on NASDAQ:QQQ AMEX:SPY AMEX:IWM -My 2025 predictions -How to prep for the next stock market crash -How I'll be monitoring the markets What do you think will happen in 2025? Share your thoughts in the comments below! You won't find this much FREE CONTENT anywhere else! Let's dive in!
ECONOMICS:USINTRLong
by RonnieV29
20
SPY S&P 500 ETF End of the Year Price Target If you haven`t bought the recent dip on SPY: Now with Goldman Sachs lowering U.S. recession odds from 20% to 15% and raising their 2024 year-end S&P 500 target to 6000 from 5600, the outlook for the market appears increasingly optimistic. The reduced recession risk suggests stronger economic stability, and the upward revision in the S&P target points to continued growth potential. Given these factors, I agree that a year-end price target of 600 on SPY is achievable.
AMEX:SPYLong
by TopgOptions
1
How to PREDICT MARKETS! Tops and BottomsIn this video, I go over the following in great detail: Predicting Markets with Williams %R, RSI, and MACD Predicting market movements can be challenging, but combining the Williams %R, Relative Strength Index (RSI), and Moving Average Convergence/Divergence (MACD) indicators can provide powerful insights for traders. Williams %R measures the current closing price relative to the high-low range over a specific period, helping identify overbought or oversold conditions. RSI gauges the speed and change of price movements, also indicating overbought or oversold levels. MACD analyzes the relationship between two moving averages of a security's price, identifying potential buy or sell signals. By using these three indicators together, traders can: Confirm Trends: When all three indicators align, it strengthens the signal for a potential trend continuation or reversal. Identify Entry and Exit Points: Overbought or oversold signals from these indicators can help pinpoint optimal entry and exit points. Reduce False Signals: Combining multiple indicators can help filter out false signals, increasing the reliability of predictions.
AMEX:SPYEducation
by RonnieV29
4
Comprehensive Technical Analysis: SPX 10-Minute ChartThis SPX 10-minute chart shows a clear intraday shift from a bearish to a bullish trend, accompanied by multiple technical signals. Let’s break down the analysis across different technical components: 1. Trend Analysis: Initial Downtrend: The session started with bearish momentum as indicated by Put Signals and declining price action. The lower lows created a brief bearish trend that ended with a strong reversal. Bullish Reversal: The reversal is confirmed by a series of Call Signals after a strong bullish breakout from the previous consolidation zone. The price broke above a significant resistance level around 5,731.94, leading to a steady uptrend. 2. Moving Averages: Short-Term Moving Average (Orange Line): This acts as immediate support during the bullish run. The price consistently stays above this line, indicating short-term bullish strength. The slope of the moving average is steep, reflecting increasing bullish momentum. Mid-Term Moving Average (Blue Line): Positioned further below, the blue moving average provides a broader support level. This indicates that the medium-term trend remains supportive of the upward move, showing a well-established bullish context. 3. Heikin Ashi Candles: Bullish Momentum: The Heikin Ashi candles display a strong bullish pattern with several consecutive yellow candles and minimal lower wicks, indicating reduced volatility on the downside. Temporary Pullback: A few red candles appear, marking brief consolidation but not a trend reversal. The continuation of yellow candles afterward confirms sustained bullish pressure. 4. Key Signals and Levels: Entry Long: A long entry signal is observed after the breakout around 5,731.94, which was an excellent point for entering the bullish trade. Exit Long: The Exit Long signal near 5,776.76 suggests taking profits after the bullish move. This level now serves as short-term resistance. Support Levels: Immediate Support: 5,755.43 – A pullback to this level would still align with the bullish structure as long as it holds. Major Support: 5,731.94 – This level marks the breakout point, acting as a strong floor for further bullish moves. 5. Volume and Momentum: Although volume is not displayed, typically such strong moves (as indicated by Heikin Ashi and moving averages) are accompanied by rising volume. Momentum: Bullish momentum remains high, supported by consistent upward price movement and the sustained hold above the moving averages. 6. Resistance and Future Outlook: Immediate Resistance: The price is facing resistance at 5,776.76. A break above this could open the path to higher levels, potentially testing psychological levels like 5,800. Continuation or Pullback: If the price breaks above 5,776, we can expect a continuation of the uptrend. However, a failure at this resistance might lead to a short-term pullback to 5,755 or even 5,731. Conclusion: The chart reflects a strong bullish reversal with clear signals of upward momentum. Traders should watch the 5,776 level for a breakout confirmation or potential pullback to the key support levels at 5,755 and 5,731. Maintaining the trend above the orange and blue moving averages will be crucial for sustained bullish movement.
AMEX:SPYLong
by Deno_Trading