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Spylong

SPX touched the 200 EMA on 4h and got rejected. Time to go up!SP:SPX had a solid retracement today and while the situation may seem bearish on smaller time frames, if we switch to the 4h time frame we can clearly see that technical analysis suggests we are still in a bullish trend. A rejection happened at the support level of 200 EMA. Last time SP:SPX broke the 200 EMA support level was in February 2020, just before the first covid lockdowns happened. As long as SP:SPX holds the support level, we're going up from here!
SP:SPXLong
by Ganbu
8
BULLISH! LISTEN TO REASON!with tomorrow being another day that the market makers lose their edge, in general market control bias strength: when GEX index numbers fall lower (number of open options contracts) as they expire. Leading to this major contract expiry, a bullish push always resets and price actions become more predictable and neutral. not being forced or controlled to the massive extent to which high GEX index numbers give the higher ups. That being said, 1. Today was an easy cheat code for what will be happening going into tomorrow and beyond. a. should easily retest whole number support of $450. Given these things, I however can't valuate SPY being at these levels and do believe it's being propped up but, the day is coming whether in a crash or change of trend (greater than 10%) will over take all SPY bulls. But patience that is not happening today. Note well: How vigorously and aggressively we bounced from multi-hour support, the $444.... This was a bullish sign and volatility should be topping off after tomorrow... More importantly, it could easily be next week before volatility eases. furthering another possible push. Note also that today volume on the reversal should not be used as a deterministic factor in deciding direction at this point on the chart and with all the other things going on. What should be the take away is as mentioned about that retracement of all that bearish move and then create ideas and analysis on the fact that we retested resistance and didn't come back all the way but only retraced to about the 70% mark of upwards correction.. All the best to you... peace.
AMEX:SPYLong
by UnknownUnicorn22383955
2
SPY bounce before the OPEX on Friday?The overall market has been in a downtrend for the past 2 weeks of trading as it is reaching its 50EMA. This has been a great buying opportunity in the past. It might be a good idea to be long the $SPY for a possible bounce today and tomorrow before the big OPEX expiration. On Friday, given the big volume of options that will be traded we might have an increase in volatility and some extra selling pressure. A dip below the 50EMA around 441.8 negates this thesis
AMEX:SPYLong
by Eclubtrading
Price Up, Value Down!Momentum on the RSI looks like it wants to break upward. We could be approaching the inevitable blowoff top going into next year. Keep in mind that the actual value of our portfolios isn't increasing. The number of dollars might be, but the only reason this is happening is the devaluation of the thing we're measuring our portfolios in... $5 Ford -->$12 Ford is actually just --> $7 Ford, but now your money is worth less and meat, gas, cars, raw materials, and the like all cost more... (Not financial advice)
AMEX:SPYLong
by MonetaryRebel
Market Crash Only Days Away If VIX Repeats Consistent HistoryThe S&P500 Volatility Index is currently breaking out into levels that historically has been catastrophic for the overall market. On the monthly chart, we can see that whenever the VIX breaks out and confirms above the light orange trendline plotted on the chart, double digit drops in valuations happen for the S&P500 usually within mere weeks. Which means any day or moment now we can see a major crash for the broader market.. much greater even than what we have seen so far as the VIX appears to have much bullish momentum by painting 3 consecutive higher lows and multiple higher highs on significant time scales. This will definitely now be one to watch as this would negate our former long idea on SPY due to the sudden turn of events on the S&P500's volatility. If the VIX can have its price driven back below the orange line and CLOSE this monthly below it, that would give market bulls hope. Similarly, many assets are at major fork in the roads on their charts right now, and the VIX as we can see is no exception.
TVC:VIX
by TradeVibez
5
SPY Bounced! - Key areas to look for SPY had a big gap down today all the way down to 427.46 (-1.65%) but managed to bounce back at close. Here are the key areas to be watch out for. - A have some good support at the 21day EMA (426.75ish) and could play it off the bounce there for a short term play to the upside. -A close below the 21day EMA would be a bearish sign and we could see it testing 50day EMA again as you see in the chart. If we close below 21day EMA, I would play it to the downside with a short term target on the 50DAY EMA. -Going all the way down to the 50DAY EMA would be considered as a small correction. That's about another 2.44% downside from where we're at now. If we somewhow get a mini correction all the way down to 50DAY EMA, this is where I would load up on calls as this has been a major major support in the past couple months. AMEX:SPY
AMEX:SPY
by Ross-Santos
SPY Weekly Prediction and Historical Corrections AnalysisIn the last 3 months there have been 3 major up trends and corrections. We currently are in the 4th uptrend and a correction might develop in the next 1-2 weeks. The historical corrections show that the market corrects about 40-60% of the previous uptrend in a quite short period of time. In particular it takes a time between 10% and 50% of the uptrend time to correct. We have been in an uptrend for the last 13 days. A correction might come soon. The options implied volatility suggests a possible range between $423 and $435 till the end of the next week (9-July-2021). A correction of the previous uptrend should bring back the price to the $423 support. The whole setup seems a perfect point for a correction. However, as we can see from the technical indicator William%R, a positive accumulation is possible. In fact, we might see a similar situation like the one developed in the second uptrend area. In this case the price might continue rising in the next 1-2 weeks postponing the correction further in the future (3-4 weeks). We expect a price between $435 and $423 by the end of next week.
AMEX:SPY
by CucabarraTrading
7
Repetitive pattern on SPY - 1 Month analysisNotice the repetitive pattern on SPY (1 day correction followed by 2 days of strong recovery and a period of consolidation with low volatility. We are in a really low volatility environment. Options prices are low but there are still nice opportunities to collect premium around 16-delta strikes. Implied Volatility: 11.41% Historical Volatility: 9.48% IV Percentile: 3% IV Rank: 4.34% IV High: 35.75% on 10/28/20 IV Low: 10.31% on 06/25/21
AMEX:SPYLong
by CucabarraTrading
4