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Spylong

SPX - Enjoy the rally while it last!For those who have been here since 2022 early 2023 when there was so much fear in the market and we called the market had bottomed. I think it was the right call, even though we had a lot of naysayers. Now I think we are nearing the end of this rally which I estimate will be sometime in February 2024. I have two outcomes the green line below which I highly favor and believe that is the path and the grey line which is definitely possible but unlike in my opinion due to election year. Also it looks like we are following the cup and handle. I have also explained in my other ideas why I think we are like in 1990 and 2012 (base on the fear). If the grey line happens, Biden loses the election guaranteed so I am certain the fed will hold the stock market at least until after the election. Give a like if you find helpful
SP:SPXLong
by BlackisKing
27
SPY LONG: scout for hourly higher lowBulls defended the weekly low and made a convincing breakout yesterday. This is a powerful statement, although buyers have not yet proven their control. To do that, they must first establish a weekly higher low, which is likely to happen next week (of course, we need to monitor how things develop). This presents a great opportunity for a long play, but buyers should wait for a pullback and scout for an hourly higher low. Ideally, this should occur near the previous Volume Area High (VAH). An example of the trade is shown on the chart. You can read full analysis of the market below Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYLong
by hermes_trisme
1
Stocks Put A Top In This Week! Further Downside to Come!ES (US 500) Fibs, Hourly: ES is our main index that provides helps us determine trend. You will notice that this week had a change of character. The market had taken the stairs up, but is now taking the elevator down, with sharp moves coming in a few hours to the downside. Expect more of this. ES pattern at the top is more head and shoulders like. And, unlike YM, we got a FULL All the Way Half Way Back Short this week, going back to the 50% line on Friday and selling off from there. Look for a gap up on Sunday night/Monday and a sell into strength of a 2nd test at the 5272.50 level. Our Target is all the way down at the 5158.25 level, over a 100 points away. ####TRADE ALERT#### ES (US 500- S&P500) Call: Short Entry Type: Limit, ideally better than 5262.50 no worse than 5245 SL: 5290 TP1 / TP2: 5158.25 ###################
CME_MINI:ES1!Short
by CeresTrader