Get started

Spyforcast

(SPY) Triple Top FormingThe SPY chart is forming a beautiful triple top pattern, and with the up coming FED rate hike and (-) Q2 GDP data confirming a technical recession releasing July 28th. I believe that the triple top will be completed around the 29th of this month, and the SPY will drop to the bottom of the overall trend line at around $360. Also in this chart you can see that the SPY has strong resistance at the $390 price range and rejects hard back to support roughly at $370. Let me know what you guys think in the comments.
AMEX:SPYShort
by markriah22
2
SPY breakout attempt Number 1Breakout attempts can happen without any triggers but when a trigger appears and coincides with market bottom, then there is an agreement and slight trading conviction that may be worth considering into the last half of the year. There is a daily wolfe wave setup that triggered on June 21 closing day at 3767.75. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 4332 which is expected to reach this price target before Sept 30. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right.
CME_MINI:ES1!Long
by TOSOPTION
SPYMY PERSPECTIVE IS WHAT CAN HAPPEN THIS WEEK!! Looking overall, SPY is still in a downtrend. There is a possibility of 395 here because the market maker might try to liquidate some stop losses above 394. This week it's going to be a little volatile. I will consider buying some UVXY calls here or adding some shares if you are swinging shares. The market is overbought by comparing to vix as oversold. If the market dumps on Tuesday, UVXY will jump quickly as its movement is through the market's volatility. I'm going to grab some puts (STRIKE 367 EXPIRY AUGUST 19,2022)tomorrow at the end of the session, or if it triggers, ill buy on the spot with the market's movement. Worst-case Scenario, if the market does the opposite close short position, add some long shares of spy with 405 strike calls for next week.
AMEX:SPYShort
by UnknownUnicorn11669057
4
SPY either outlier or on perfect course You can see there is a strong difference between the real cyclical bear market and the current correction. Also the primary bull market last 25 years last time from 75' till the 00'. We are now at around half cycle (13 years in). Last cycle SPX did 20x since cycle low the cycle before was around 13x (if data reliable), now we have just done 6x really underperforming. The 52 weeks MA has been the support of the bull market cycle as you can see in the chart. Hence I doubt the current correction will last for much more.
SP:SPXLong
by CFcryptoTA
SPY Big Fed Rate Hike is Coming! If you haven`t noticed Jamie Dimon`s prediction: Then you should know that The Federal Reserve is expected to raise interest rates by a half of a percentage point for the second consecutive time on June 15. More rate hikes are likely in the coming months because consumer prices rose 8.6% YoY through May. Inflation is at 40 year high! Jamie Dimon, the JPMorgan Chase CEO: "Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this." "That hurricane is right out there down the road coming our way." "We just don't know if it's a minor one or Superstorm Sandy. You better brace yourself." Jamie Dimon is predicting an economic "hurricane" caused by rising inflation , interest rate hikes and the war in Ukraine. If oil reaches $140 - 150 this year, then this is the strongest sign of a recession or if China invades Taiwan. Looking forward to read your opinion about it.
AMEX:SPYShort
by TopgOptions
2
SPYSPY GAMEPLAN FOR JUNE 10,2022 As CPI data will be released at 8:30 AM EST, tomorrow is a big day for traders and investors. Make sure not to trade on news or assumptions. Today we saw a massive sell-off at the end hour of the market trading session. There will be a bounce upward tomorrow for correction. The critical level of resistance, for now, is 405.18-405.71, and the main one is 407-408. I'm saying this because on multiple timeframes like 15m,30m,45,1hr, and 2hr, and RSI is sitting on 30, which means an oversold area. Don't get trapped in following the trend but wait for confirmation to short on the resistance area(to be on the safe side). Moreover, looking at VIX, it got rejected at the resistance level of 26.25. If it breaks the resistance tomorrow, opening a short position might be a good idea. Another scenario is that it cools off in the area of 25.50 from their excellent idea to open a safe short position. This is just my opinion but looking at the sell-off volume was a sign of continuation of the sell-off.
AMEX:SPY
by UnknownUnicorn11669057
$SPY rejecting 1D 55 ema and 4h 200emaAs the charts show, $SPY is rejecting 55ema on 1D and 4h 200ema on 4h. In addition to this, a lot of macro catalysts and headwinds are at play here with a quantitative tightening cycle beginning, the war between Ukraine and Russia, Monkeypox, Gun Violence, very high inflation, and the recession flags popping up everywhere in auto sales data for example. R/R favors the bears at this moment but it's still highly recommended to utilize upside hedges regardless of conviction due to the volatile and shaky price action we have been witnessing over the past few trading sessions especially.
AMEX:SPYShort
by uprisetraders