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Spylong

SPY Trade Plan for 8/26-8/28SPY 8/26 Scalp Plan Watch for a clean break 344.56 above and to **hold** for it to continue to push higher. My personal PT is around the 346-347 range for SPY 346C 8/26 (0DTE) On the downside for SPY, breaking below 344 and we'll see a nice pullback onto our support trend line from the hourly. Supports to watch if SPY pulls back @342.95 minor support @342.41 minor support @341.26 minor support @339.60-340 strong support ***SPY LONG invalid if we break under 339.5 Dipping below 341.99 and failing to break over and we'll look to enter SPY 336P 8/28 (2DTE Swings) with a conservative SL @342.4
AMEX:SPYLong
by Kindredd
S&P500 SITUATION UPDATE| 8 DOLLARS TILL ALL TIME HIGH ON SPY| Me and the boys are mesmerized by this unstoppable "Ride of the Valkyries" against all the laws of physics, economics and common sense, which is in limited supply in the contrast to its name these days. Never before the common phrase "the rich get richer as the poor keep getting poorer" been visualized so brutally, namely: SPY is 8 dollars away from reaching new all time high, coupled with the news of 30% downturn in the GDP. Anyhow, thats what the promise of the unlimited liquidity from the FED means on practice. However, the question is: after the new all time high, whats next? When the market reaches the previous high, which might be somehow justified by front-running the recovery, I fail to come up with any reason to justify the market getting higher than this mark. The economy will recover no sooner than 2021 by the most optimistic predictions. And I am in the camp of those who are convinced that we are to see a massive recession ahead of us. However, I will reiterate my point, which I expressed here before: shorting SPY before a clear bearish signal is outright insane. I hope you all got enough popcorn as this show seems to have no end in sight, completely embracing the Maos formula: the worse the better. The turning point it seems will be the end of the presidential elections, which, no matter the result will give the market some clarity as to the further direction of the US and the World. +It seems like the vaccine will be available by that time too. 4 more months to go till November. Lets see how it goes! Thank you for reading, like and subscribe>> I'll keep you updated!
AMEX:SPYLong
by ProSignalsFx
3
S&P500 BREAKOUT|STRUCUTRE ANALYSIS|DOUBLE TOP AHEAD? SPY is trading in an uptrend supported by the FED's "unlimited" liquidity pledge, that manifests itself in the two diagonal support lines. Both remain intact. As of today we are witnessing what seems to be a breakout of a minor horizontal resistance. IF the breakout is confirmed, read if the daily candle closes above the level, that would be a strong signal of a bullish continuation. The target is then the previous market high, where the double top pattern might emerge, as it is certainly the level at which many market participants will start to take profit on their longs, while others might consider opening short positions. Anyway, DO NOT short or sell SPY before both support lines get broken. Thank you for reading, like and subscribe and have a nice day.
AMEX:SPYLong
by ProSignalsFx
1
Spy Pre-Market Thoughts | Daily CommentaryLike the idea and follow me for intraday SPY commentary! :) Happy Monday! Unfortunately all my old drawings disappeared, so I'm starting with a fresh slate. This is okay though since the market is in gap land and there's really no prior levels to refer to. Graveyard Shift - Market Gapped up and the bulls are deep in no mans land. If they plan on saving the market from a rug pull, it'll be a mostly sideways day. Resistance levels (Pre-Market) 328.65ish 328.95 - 329.05 330 Support levels (Pre-Market) 327.9 327.6 327.23 326.6 325.55 325 Extras Shared Chart www.tradingview.com *This chart will be shared and get commentary all day for intraday playing. If you would like to know my thoughts for this week, see the related chart below* If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
AMEX:SPY
by Midkniteskyz
2
Bearish monthly divergence on SPY Was looking at tech stocks and noticed some bearish divergence there on shorter term time frames. Checked SPY for any similarities and noticed this... I think its notable because its a long-term chart with multiple RSI peaks since 2018. If this holds true, one possible scenario is that SPY may hit either a double top, or slightly higher all time high this fall, then go into a serious down turn. Not saying it will happen, but its within the realm of possibility. Gotta watch the fed and what they do... News also... As its SPY we are talking about, it can certainly continue going up as it has for decades, but this is one scenario... Note, similar, but much lesser divergence occurred on SPY between May 2007 and October 2007 (lower RSI peaks and higher price points), resulting in downturn.
OANDA:SPX500USD
by LotzToLearn
$SPY Overview - July 21stSPY Market Breakdown - July 21st, 2020 Looking at the 2-Day chart of SPY, Major Divergence on the RSI Many trader think we've already seen the top, but we haven't even seen a retest of all-time high SPY prices yet. I'm thinking this red zone (marked distribution) is a good sell off zone, not only because it's the previous ATH price, but tops out because of the absence of buyers above there Trends tend to continue and currently we are on the path to retest ATH then from there we will re-evaluate. I expect the market to hit a new high around September-October , before the election , then the crash will begin to try and destroy the economy for the 2nd time. As always please do your own research, I am not a financial advisor.
AMEX:SPY
by kyer
2
SPY market internals: BULL until SEPT!These lines represent the plotted EMA angles of SPY(close, 100) and SPY(close, 200). What is interesting about the current cycle is that it is behaving exactly like the cycle from 2019 ---where the white line begins higher than the pink at the beginning. This pink line is nothing more than the (difference) between between the other lines. If things continue as they have in the past, I expect this market to run bullish until Sept-- which is approximately 100 days of green. It appears that 100 days (or 3 months) has been the holding period lately before everyone takes profit.
AMEX:SPYLong
by ZombieStar
$SPY New 52 Highs Towards Re-ElectionAfter watching the Fox interview with POTUS. He seems almost confident the market will be seeing all-time highs leading to November. The dollar ( DXY ) has been weakened, TVC:USOIL still getting bids, and TVC:TNX closed higher. The market has usually been used to manipulate the real economy, and with NYSE:AZN phase 1 data due tomorrow... this could be the catalyst to push higher. Warning: Anything can happen and this market is currently in a euphoric trance. But politics aside, the market is all this administration has.
AMEX:SPY
by HispanicHedge
SPY 340 Target by August 1stI think SPY has either a lot of room to go up after this last round of consolidation or it will lose support and drain out. I wouldn't bet against the SPY ETF or the American Economy so we must just keep up the march into the higher 300s. SPY has been showing strength here at these levels. Today we opened with a gap up into the 322 range after closing the previous session at 317. The last time we hit 325 we were rejected and spent two weeks retesting 300-305 range. I don't think that will happen again but the new phase of lockdowns has added more uncertainty to already uncertain times. Best of luck traders and go make money.
AMEX:SPY
by Kungfunerd
4
SPY fake sell off todayIf you look at the MACD from previous periods it looks like, comparing to previous MACD bull runs, we are just getting started. Todays sell of was definitely one to scare off the bulls but we are hitting resistance and going to recover if you look at the 4 hour MACD we are barely going to flip the MACD to bullish and the AO indicator is already showing signs of bullish movement Plus we still have to close the gap made right before the drop of Feb 19 around the $330 area IF there is a real sell off it might be when we hit the $330 level soon or around August doesnt seem like we are going down any further Bullish until Q3 and possible $400 SPY by EOY
AMEX:SPYLong
by mandujanotony31
6