Short -4h- untill: Pull back at resistance +/- 15,25-15,75SHORT On short term:
Full STO at 87+
RSI toped at 75+
CCI declining 149
LONG On long term:
Buying at resistance +/- 15,25-15,75
Spylong
Daily SPY forecast timing analysis by Supply-Demand strength24-Jun
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.3% (HIGH) ~ -0.2% (LOW), 0.0% (CLOSE)
%AVG in case of rising: 0.7% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
SPY SPX ES1! - Eyes open - Easy money is Past UsEyes open if you're long. We're past the point of easy money. Hourly charts starting to show signs of weakening.
I've obviously been bullish, but I'm flexible.
Weekly chart for the $SPY still looks good, but can turn on a dime. By turn, I don't mean huge crash like many are praying for. I mean choppiness with some sharp moves up and down.
SPY SPX ES1! Stay LONG - More Rally to ComeIf you've been following me here, you've been long and enjoying the rally. New highs were inevitable. I still see a lot of bearishness and people picking spots to short - which tells me this market may go higher than anyone expects.
More importantly, the obsession with looking for short spots tells me bears won't get their big crash delivered to them on a silver platter at the next high. More likely, we'll make highs and then just chop around sideways to work off the overbought condition. This would be a frustrating pain trade for many. I've posted my trades and more analysis live on my twitter @marketmind3
SPY ES1! SPX Still Bullish, Pause before higherThe weekly SPY chart continues to look positive.
I circled areas where strong bounce weeks ended up failing and reversing to new lows.
But IMO, those reversals came with poor technicals (MACD trending down and/or negative) and showed big red candles right away. Now, we're seeing different action - MACD is turning up now and last week was flattish, closing at support. Stay long
Interest Rates, Range Consolidation to dominate the marketsWith the markets hoping for a cut, the stakes are high on how the Fed is going to balance whatever stand they take this week.
The chart shows our A.I. powered models' trading plans for the day! For details, please read the published outlook at tradersaiDotCom
Good luck with your trading today!
TRADERSAI - A.I. Driven Model Trades for FRI 06/14Earnings and Economic Headlines to begin to Replace Geopolitical Concerns?
No market-moving geopolitical news overnight and that might be allowing the markets to focus on economic and earnings related headlines. Chip stocks' earnings concerns (read, Broadcom's), China's weak economic numbers, IEA's oil demand outlook, and Gold's rise...these are likely to consume investors' sentiments today, heading into the weekend.
Detailed trading plans at TradersAIdotCom under S&P OUTLOOK for FRI 06/14
SPY looking to pull back. RSI is very oversold.I want to see a healthy pull back to the levels of support showed above. Once we test the first level, wait for confirmation for the bounce for new (higher lows). If not, we will test the next line support. Of course News and Trade could blow through both resistance and support.
This could be building a descending triangle though its way to early to tell.
SPY SPX Bullish Breakout ConfirmedIts not an ideal set-up, but its still a breakout with multiple levels of support below.
Bottom line, we have a downtrend breakout and some technical confirmation. Again, its not a slam dunk.
But my gut tells me sentiment got overly bearish, so there is fuel for a rally. And we have a whole lot of support levels all the way down to $277 SPY to hold a sell-off - trendline, 100-day moving average, 200-day.
On the upside, clear sailing at least to $287. Probably higher
Why SPX And OIL Will Go Up, And USD Will Fall By Next WeekOil is usually a good indicator for when the SPX goes up. When oil goes up so does SPX. With that said that is a strong possibility that oil will go up next week. It looks like Oil did a ABC correction down, indicating there are a lot of more upside down. If that is true, we would see SPX follow and possibly hit 3000 SPX.
We can see that SPX bounced of the 0.382 when it did wave 1. Now we are at a 0.382 again, and we had a little bounce of that level. If we got a stronger bull candle of this fib, we would see a strong move up, targeting the upper resistance at 3020 SPX.
We can also see that USD/JPY is getting in a very tight range. That could mean two things, we either break up or down. With the US tensations, i dont see it breaking up. I expect a break below the support. If that happens we would see a huge boost in the stocks.
NVDA is a stock i am looking to long. The stock is heavily oversold, so we should expect a bounce to 160-166 USD.
Thank you for reading.
You May Have Missed This Count On SPY, 300 SETUP. We would potentially see a bounce of the 1.272, at 2830 for a potential long setup. I would keep a really tight long setup, at 2810, to test out this support.
This means that the next wave 3 is up to 2960, and wave 5 will hit the resistance at 2997-3010
SP500 SPY ETF supply and demand analysis and forecastSP500 QQQ ETF supply and demand analysis and forecast for 22nd April 2019. SP500 SPY ETF is trying to break weekly supply at all time highs around 293.
There is a clear long term weekly and monthly uptrend with all time highs previously eliminated and brand new demand zones created on bigger timeframes like the one on the weekly timeframe around 281.
In an uptrend, supply levels are eliminated and demand levels are created and respected.NASDAQ QQQ ETF has already broken all time highs, expecting to see similar price action on QQQ and other american indexes like Dow Jones and Russell 2000 indexes.The bigger the impulse created by new imbalances of demand the better. There is no reason to go short counter-trend on SP500 SPY ETF when everything is heading north and new demand levels are being created. Trading with the trend is always higher odds.
SPY - New Highs? New lows? Which way will she go?!Good afternoon traders,
Let's take a look at spy and what should become a very critical week for the US equity market. Looking at the chart we can see that we obviously had a sharp correction from all time highs, and an equally sharp rebound. It's understandable the markets hesitance to enter a correction considering it has the leader of the free world pinning his success, and arguably the 2020 election to it. A correction right now, is bad, bad, bad, as he would say.
Seeing as we are nearing all time highs again, I would like to quote a popular saying:
"Big money is made in the stock market by being on the right side of the major moves. The idea is to get in harmony with the market. It's suicidal to fight trends. They have a higher probability of continuing than not." - Martin Zweig
So which is it? Are we in a bull or bear market? You, me, and along with millions of other investors are asking themselves. I'd like to point back to the quote, "the idea is to get in harmony with the market" - with that in mind folks, we're about to find out what kind of market we're in. We are currently within 1.5% of ATH.
If you ever had an inclination of taking profits, it doesn't get any better than this folks. My plan is to sit out the next 1.5% and let the market decide whether it's up or down.
Technical indicator wise, we can see they're screaming one thing and one thing only: DOWN. We have divergence everywhere, some of the worst I've ever seen. We're seeing the markets irrationality at its finest diplay right now, and when a market is irrational, there's only one thing you can really do, and that's sit it out.
Next week should be interesting, to say the least.
Thanks for reading, and if you like my content please hit the "Like" and "follow" button.
Have a great day!
SPY Retracement Scenario Before Continued Sell OffHere is a scenario for a 50%-61.8% retracement for SPY, up above $282, before continuing it's sell off.
Looking to the left, there was a very similar structure in late February into early March. You can see how the peaks are quite identical, and on the low following the last peak, there was a retracement between 50%-61.8%... and also to the area of the 100MA.
Currently, that would represent a bounce up above 282 before the selling resumes.
On the current chart, I drew 2 fib lines...
The left one is just to show that the intraday bounce on Friday, March 22 came no where near the level that could be expected from the earlier chart, which would have been between 282.30 and 282.90. It instead topped out at 281.51. This was also well short of the 100MA. If that was THE retracement, then steep selling is likely to continue.
If the low associated with the left fib lines is not "the low following the last peak", then we can count it as not in yet, and take the lowest low from the end of the day. The right fib lines are to show how high the retracement could be before the selling continues. Also, notice the little RSI divergence to end the day...
Both scenarios are bearish, and would see new lows by this time next week.
This is merely to point out the precedence of a possible nice bullish play before we get there....IF the bounce to 281.51 was not it.
Travis
JMJ - UIOGD