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Spylong

Buy the bounce on the EMA 50Since february 2020 a green candle has been seen round 16 times on the top of the EMA50. For 13 times out of 16 SPY took +2.62% in the next 5 days. Sometimes much more on a longer period. In order to trade this pattern the best is to buy at the closing, and to put a close stop loss (something round 0.3%...). This kind of stop loss worked 12 times out of 13... The Risk/Reward is here very high.... I put a 4x leverage, and I bought IBUS500 at 4711 (stop-loss round 4697 (= -0.36%) ). Yesterday SPY bounced on the support, it was also a good idea to play it. Hope you done it. For the Nasdaq100 it widely crossed the support, and then came back. The best option was to wait the bounce, in order to avoid this whipsaw. Some bulls has been caught by their stop-loss. Hope you like this idea, I would be happy to talk about it.
AMEX:SPYLong
by Nicolas_Pradel
4
$SPY last rally of the year?$SPY continuing its last rally of the year. but starts to show its weakness in smaller time frame chart. the weakness can be visibly shows in smaller time frames showing the momentum of SPY start to curl down and volume of buyers starts to slowdown. respectably, although the it start to show some weaknesses doesn't mean its going to pull back. the stock is still above the ema line. once we crossed that line in 1hr and 4hr time frame. that's probably our signals for the possible pull back. as of what happened yesterday SPY is just consolidating. day trade and scalp play target. buy call above 478.65-479 sell at 480+ buy puts below 475.68 sell at 474.50 or below Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
AMEX:SPYLong
by CHRIS_B58
Inverse H&S (bottom) on the 1hr SPYHello Traders, This is a follow up on my last post. Some traders have never heard of the term Head & Shoulders Bottom, it's a small technicality, so I will be more clear. Looks like we have confirmation. So we could have some throwback, but ultimately the direction is up. You may see more shorts jump in angrily, but that's how it is. Unfortunately, there are always people on the right side of the trade and the wrong side. Also, with throwback and only 71% of meeting that 2nd (longer target) it doesn't make things so cut and dry; however, December is typically a smooth riding month, so I wouldn't be surprised if we see a bit of a melt up. The odds are very much in the Longs favor here. Lastly, please note, there is also a Double Bottom (Adam & Eve DB). Confirmation was at around 459.05. I wish you all the best! Cheers, Mike
AMEX:SPYLong
by UPRIGHTTrading
1
US Market Technicals Ahead (15 November – 19 November 2021)As U.S. inflation has surged to the highest level in over thirty years, inflation is likely to remain in focus in the coming week with investors looking ahead to the latest U.S. monthly retail sales figures along with earnings results from major retailers, including $WMT (Walmart). With $SPX (S&P 500) erasing its weekly losses from Friday’s late week rally, the bearish Rising Wedge formation of $RSP (S&P 500 equal weight) remains in play. Attention has being turned towards small-cap companies after a nine month consolidation breakout on $IWM (Russell 2000), setting a potential new leg of multi month long market rally leading by this companies. It is worth to note that $GLD (Gold) have also broken out of a multi month long trendline resistance, gaining +2.71% as the leading asset class of the week. China will provide an update on the economic recovery via industrial production and retail sales and wide there are expectation for a slowdown in its economic recovery, just as Europe is experiencing a fresh surge in Covid-19 infections. Here’s what you need to know to start your week. Market Technicals $SPX (S&P 500) vs $RSP (S&P 500 Equal Weight) The benchmark index $SPX retraced with a weekly loss of -0.31% (-14.68 points) confirming last week’s highlight on the over-extension of this rally which was 200% ATR away from its short term moving average, the first time since September 2020. With $SPX reducing its intraweek losses with Friday’s +0.72% gain, it is worth to note that $RSP (S&P 500 Equal Weight) has yet to break its Bearish Wedge Formation, which was has already played out in $SPX. The upwards consolidation of $RSP may be reflecting signs of fatigue, signaling downside potential of $SPX in near term. The immediate support to watch for $SPX this week is at 4,645 level, a break of its short term pivotal level. U.S. retail sales The highlight of the week’s economic calendar will be October retail sales data, due out on Tuesday, with economists expecting an increase of 1.1%, after a 0.7% rise in September. U.S. inflation has surged to the highest level in over thirty years amid a global supply chain crunch and data on Friday showed that consumer sentiment fell to its lowest in a decade this month, as higher prices eroded living standards. Investors are betting that the Federal Reserve will have to raise interest rates sooner than currently indicated to stop inflation spiraling upward. Retail earnings Third quarter earnings season is continuing to wind down, but investors will get an additional update on the strength of consumer spending this week with results from major retailers, including Home Depot ($HD), Walmart ($WMT), Target ($TGT), and Macy’s ($M). The earnings reports will face extra scrutiny ahead of the start of the holiday shopping season, with investors looking at guidance from retailers to determine whether inflation will eat into profits or be passed on to consumers. Third quarter earnings season has largely been upbeat. 459 of the companies in the S&P 500 have reported with 80% of earnings results beating analysts’ forecasts. China slowdown The recovery in the world’s number two economy is weakening and data on Monday, which includes reports on retail sales, fixed asset investment and industrial production is expected to confirm this. The loss of momentum in China, a key driver of global growth, is casting a shadow over the uneven global economic recovery from the pandemic. The recovery in China has been hit by an aggressive approach to containing Covid-19 outbreaks, a massive debt crisis in the country’s real estate sector and an energy crunch that has weighed on manufacturing activity. Analysts think the country’s central bank is likely to take a cautious approach to loosening monetary policy to bolster the economy as slowing growth combined with soaring inflation fuel concerns over stagflation. Meanwhile, U.S. President Joe Biden is to hold a virtual meeting with Chinese leader Xi Jinping on Monday, amid rising tensions between the world’s two largest economies. Pandemic resurgence hits Europe Europe is seeing a resurgence of the Covid-19 pandemic, adding to headwinds for the region’s already fragile economic recovery. Europe accounts for more than half of the average 7-day infections globally and about half of latest deaths, according to data compiled by Reuters, the highest levels since April last year when the virus was at its initial peak in Italy. Several countries, including the Netherlands, Germany, Austria and the Czech Republic are implementing restrictions or planning fresh measures to slow the spread. Holland entered a three-week partial lockdown on Saturday, the first in Western Europe since the summer. Germany reintroduced free Covid-19 tests on Saturday and Austria is to decide on Sunday whether to impose a lockdown on people who are not vaccinated.
SP:SPX
by jfsrevg
ES1! / S&P500 / LONG / The Market Has Taken it's BreadthThe market has taken it's breadth, and we move ONWARD! Multiple Bullish signals present for the upcoming trading week. -Daily Candle closed above the 50day MA -Classic inverted H&S Pattern -Profit Target 1: set at 4528.75, this level holds confluence with resistance + prior trend line. -Profit Target 2: set at 4596.50, this is the price target of the inverted H&S pattern. This trade will probably play out in 2 separate trades, I have entered at $4460, stop loss set at 4450. I will hold these contracts until PROFIT TARGET 1 is met, selling at that level and watching it closely to see if it can break resistance. IF resistance is broken, I will enter again and aim for PROFIT TARGET 2, selling there. Profit Target 2 may be adjusted based off the price action I see after resistance is broken, but for the time being that's where it's set. WHEN THE MARKET IS GIVING CLEAR SIGNS, LEAVE IT SIMPLE. THERE IS NO NEED FOR AN IN-DEPTH ANALYSIS.
CME_MINI:ES1!Long
by GeneticHustle
Inverse head and shoulders pattern developingYesterday’s rally in the $SPY confirms our hypothesis that the overall market looks like an inverse head and shoulders with the neckline at 440. The measured move if confirmed would take us above the all time high. We are cautiously bullish for the end of the year as seasonality is in our favor. Major headwinds such as inflation, treasury yields, chip and labour shortages will continue to play a role, but seem to have been priced in for now.
AMEX:SPYLong
by Eclubtrading