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Spylong

Bearish sentiment is bullishI keep seeing negative sentiment time and time again, because the index doesn't fit people's worldview. Yes the rich are having a party but you have to understand what's in the index. You can't short good valuable companies and all those companies have a bright future ahead of them, especially in this environment. I keep seeing article after article to sell, here too with people wanting to be Bill Ackman. The rich have a ton of money in Bonds (100trillion), they have 21 trillion in cash, and the stock market is at 35 trillion with no where else to place your cash. It is better to down cost average then trying to time the market on speculative short term downtrends. The only thing that matters is the list of most valuable companies and I do think Apple deserves to be on top of that list right now. You can scream overvalued all you want but it is overvalued for a reason. There is no bubble to burst right now. If spy was at 1000, I would be screaming sell right now but it is not there yet.
SP:SPXLong
by carlos5577
Rocky Roads Ahead for SPXFor every one that wants a quick analysis. Basically, SPX is going to be bouncing in this 3400-3205 range for a little while. I believe that we are entering into a consolidation period before a big move. To early to tell which way it is going to go. For everyone that wants a more detailed analysis here it is. SPX broke through its major support line, the grey line on the graph, which then made the pink line the new support. However, it broke through that new support which created a nice price channel, represented in purple, which was somewhat quickly broken through. The break through was very bullish. As seen it was a big gap up and closed very green. However, since then it has been fighting the new support, now resistance, and the 50 MA. On top of that we also have a strong resistance area at 3400. Now today we tested getting over that pink line resistance, the 50 MA, and almost tested 3400 but it failed. This in my opinion is not a great sign. I'd put my money on a pretty bearish day tomorrow. We are going to stay in this new horizontal price channel, represented by green, for possibly up to a few weeks if there is no clean break out soon. I'd expect it to be very consolidated unless some miraculous news comes out. If you are trading keeps those stop losses tight. Happy trading
TVC:SPX
by Absolute_Degen
S&P500 Market AnalysisAfter the big impulse move on Monday, S&P500 broke the daily structure to the upside for the first time since the start of September. We bounced from 100-DMA with a short-trap, which builds up our idea for a long setup. The most favorable entry price can be found around the POC of the HVN we are currently trading in, which is around 3244. If the price reaches the level before running to the high of the HVN at 3400, we can consider taking this long. Acceptance below Friday's low will open the door to much lower prices with key areas of interest at 3107 that is HVN POC and 200-DMA and 3000 that represents a big figure, yearly VWAP, and bottom of the HVN.
CME_MINI:ES1!
by FTMO
$SPY INDEX TECHNICAL BREAKDOWN | OCT 2020Friday was the quarterly event known as quadruple witching where S&P 500 (SPY - Get Rating) futures, options on those futures, options on individual equities, and single stock futures all expire. In the past, these ‘witching’ days have been characterized by above-average trading volume and increased volatility. But, in the current environment, those are relative terms as both have been elevated for the past few months. Still, expect some wild gyrations, especially as we head into the close today, which could carry over into Monday’s opening as positions get squared away, hedges get established and positions are rebalanced. Data suggests that there are some 90 million options contracts likely to settle in-the-money and approximately $32 billion in index rebalancing, which needs to occur. ~ SPY currently sits above what has proven to be strong support @ $327 which could offer as a decent entry point considering our next support is at $324. Possible long on a break and hold of resistance @ $332. Upside targets: $340, $344, $347 Possible Short Entry pn break and hold below $327 Patience will pay, be very patience with these levels. DotcomJack | Michael Jordan of Stonks
AMEX:SPY
by DotcomJack
S&P500 RANGE UNCERTAINTY|ANALYSIS SPY HAS BROKEN THE SUPPORT AND IS STUCK IN A RANGE (1) The direction of the breakout will decide if SPY "brakes it or make it" (2) If SPY starts falling it will signal the end of the marvelous rally, and will mark us entering the recession. (3) So far it looks bullish within the range. Daytrading the range is a great strategy. But if you decide to trade overnight- use options instead as a hedge against gaps! (4) Today is Friday, so if the bullish momentum proves itself SPY will close near the range resistance. One might consider a long after the mkt opening. _____________________________________________________________________________ LIKE and SUBSCRIBE for LOVE!
AMEX:SPYLong
by ProSignalsFx
1
SPY - SP500 ETF s/r analysisHello traders, Description of the analysis: SPY support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
AMEX:SPYLong
by Jacob_Kovarik
2
SPY 361 (Long term) + A little bit about meHello everyone, skip this first paragraph if you would like to get into my T.A straight away. I just want to let all of you know about the purpose of this blog. I have always dreamed of becoming one of the best traders that has ever lived. I dream of being up there with the likes of Jessie Livermore, the "Boy plunger". I know it will be a long and rough ride, but I thank all of you that look at my T.A and stick around for my journey to the top. Technical Analysis First and foremost, the market is looking incredibly bullish at the moment. Although the volume isn't as high as I would like it to be, I think it is expected for the summertime. Harmonic Wave Analysis: As we can see from my chart, we have appeared to just come out of a wave 4. Wave 4 does seem to be a pretty shallow correction, but what it lacks in depth it makes up for in length. In addition to this, the market is incredibly bullish at the moment, so it would make sense why the correction isn't too deep. The target for the SPY in the future is the 354-361 area. (These are the 2.414 extension of wave 1 and the 0.618 extension of wave 0-3. Moving average analysis On the 2 hour chart, we have bounced off the 200 EMA for the second time which leads me to believe we are going higher up. On a bigger time frame, such as the daily, we have just seen a golden cross (55 ema crossing over the 200 ema) This is an incredibly bullish signal. RSI analysis: Although there is nothing really appearing on the daily rsi, it is important to note the bullish divergence we have seen on the rsi for the wave 4. This divergence is another sign that we are probably heading a lot further up. As for the MACD: I do not see many signals coming from this indicator. Although on the 2 hour it is bullishly diverging, on the daily, there is nothing coming out. TLDR: I believe that the SPY is on its way to 361. If you agree or disagree with my analysis, please leave a comment as to what you think is going, but regardless of where you think the SPY is going, if you think my T.A is solid, show me by dropping me a like. Anyway, have a great day, and as always, happy trading!
AMEX:SPYLong
by Mika_k
S&P500 STRUCTURE LONG SPY IS MOVING IN A CHANNEL, TOOK A DIP TO THE SUPPORT, THE KEY SUPPORT IS STILL UNBROKEN, THEREFORE LONG! 1- The trendline is intact 2- Horizontal support right below(gives extra confidence) 3- Buy the dip strategy seems to work on SPY 4- Make sure you hedge overnight position(IF rolling) with options, as the channel might break with a gap down! 5- Remember that OPEN/CLOSE levels are VERY important in stocks/ETF's LIKE+ SUBSCRIBE>>>PUTS A SMILE ON MY FACE!
AMEX:SPYLong
by ProSignalsFx
2
S&P 500 - A Predictable BounceWe all knew this was going to happen. You don’t need to be Bill Ackman to realize that the S&P 500 would hit its head soon. It was predictable - easy to spot. The question is though: is this a simple retracement or the beginning of a crash? The only certainty is that every time that the S&P 500 touches its 4-year resistance line, bad things are going to happen in the immediate future. Same pattern in the previous 4 years. COVID19 potential second wave, civil unrest all over the US, November's elections, outrageous tech valuations, and new retail investors inflating the TSLA or AAPL of this world. After all, RobinHood “democratized” investing - or maybe put a dangerous toy in the hand of the wrong kids, by creating the biggest mass-market manipulation tool of the history, some might say. It seems to be the perfect recipe for a crash. Or maybe not? Perhaps we are assisting to a natural retracement where we pull-back a 10-15% before we are ready to roll again. Perhaps there is no tech bubble and the Nasdaq is safer than we think. Tech is different nowadays - it has a real impact on anyone’s life. And for enterprises, it accelerates growth and saves costs - it’s a must, not a luxury. What if the sell-off was initiated by institutional algos? There is no strong catalyst at the moment to justify what happened. The price hitting the resistance level might have triggered institutional algos to book profits. This might have created a chain effect that snowballed to all indices and to retail investors (who, rightfully, panicked). I personally believe that this is a healthy pull-back and that we should be able to hold up until November's elections. Who knows? No one knows, no one can know. We can only give opinions. Let's see what happens today and, most importantly, next week. Let's be cautious, but let's not panic just yet. When it comes to my trading activity, I will sit on the sidelines until I get some clarity. I might be back on Tuesday with new setups, or maybe the week after. If the sell-off continues I might add more short setups, as long as there is some rationale behind. We had a tremendous August (up more than 200% and with an 85% win ratio) and a great start of September. Time now to be grateful, study, enjoy a little break and hope for a new direction soon. The important thing is to have a plan both at trading and investment levels and be prepared for such events. I would love to hear your short-term outlook about the market, where do you see it heading in September, and how this is going to affect your trading (or investment) plan.
AMEX:SPY
by maschera
SPY AnalysisPrice has been on a long bull run so its about time for a pullback. Price made a big move to the downside but is still in an overall uptrend. Although I know price is still in an uptrend I am looking to go short on SPY if it pulls up into my sell zone before reaching one of my buy zones. I am also not going to just buy SPY at those zones just because price comes into them. I will wait for price to show strong signs of a continuation in the uptrend. Hope this helps you in the coming weeks! Don't forget to like and follow!
AMEX:SPY
by DNiceChampion