SPY LONG OPTIONSTrade base on your own decissions
Look up my bio for best setups on Options.
NOt financial Advice, be a swing trader
Spylong
Spy could ripSup baby,
This story will be told using the weekly time frame, colourful pasta, made up lines, and a positive outlook.
If we look back some time, using the 20(yellow), 50(Orange), 100(Blue), and 200(Red) squiggles. You’ll notice we haven’t crossed the Orange, or the Blue without recovering and taking off afterwards. In fact we haven’t since 2008.
If this fails, we also know the Red pasta is bouncy! If the Red pasta fails you, just keep buying calls and eat ramen. You’ll be just fine.
Interestingly enough, the market sentiment online is rather bearish. It has been for a few months now. The rate hikes are doing a good job screwing people, how much it’s helped inflation though.. couldn’t tell ya. Point being, it’s the first time this many investors are present online and taking in all the recession crap 24/7. I honestly think there’s enough bullshit out there to cover up a good market rip.
This is pulling back to retest an old downtrend that held the market back (4 times) during this “mild recession”. AND it’s hitting a tested diagonal trend line that’s kept the recent rallies in check. The Yellow pasta could breakout , this could be nice.
Hope you enjoyed reading this! If not, buy puts what do I care.
Not investment advice
Cheers
SPY rebound short term? Looks like a dead cat bounce for SPY , golden cross, solid support until 420's
Spy Supply/Demand Zones with Support/Resistance.AMEX:SPY
Here shown are the current S/D and S/R levels on Spy. There is also an imbalance area in the middle of the chart that can be used as a support/resistance zone however, this seems to be more of a resistance level given the candles and wicks and how they set up right below this level. The candles are seemingly setting up for an aggressive leg up as that is the only way they can break this resistance and make it become a support again. Hope this chart helps you traders and remember me when you get your first AP. Remember the AP doesn't lie...
SPY WATCHLIST FEBRUARY 13TH- 17THCPI data, jobless claims, housing starts! The Economic Calendar has a full week ahead and I believe this will be one of the deciding factors into what the market will do in this pullback.
Broke an important supply zone around 408/409 and pulled back Thursday and closed on it on Friday.
This week my eye is on data and if we break above 408.85 to take profit at 410, 411.56, 415. And if we break below 404 to take profit at 402.15, 500, 398.50!
$SPY Inverse Head & Shoulders$SPY and other stocks currently have a possible Inverse Head & Shoulders pattern that is playing out right now. I expect to see $450 - $480 by May. We need to break $420 neckline and hold for a weekly close to confirm this.
$SPY leaning toward a bigger runTomorrow going to be a good day, if we rise up im looking for $430 as next target 🎯
📈 Mapping The Next SPX500 Targets | 4060 Followed By...Allow 3.3 minutes of your time to read this article.
It should be quick...
We looked at the chart signals recently for the SPX.
I would like to turn our focus now to the next resistance levels/potential targets... Please, join in!
4027 is the next relevant level based on fib. extension but I saw 4060 in a dream. That's the first target.
The next target looks very optimistic but it would only match what we've been seeing develop in the past several months.
It would match every single bullish signal we got from crypto, stocks and other indexes.
4305 is the main target for the current move that is starting to develop.
I am at the edge of my sit... Will it truly develop or will we have a surprise turn?
My bet is up! 👆
What bout yours?
Comments below... 👇
Namaste.
SPX500 weekly has just turned bullish$SPX weekly is showing bullish signs.
$AMZN $AAPL $GOOG $GOOGL good earnings can boost the market further.
SPX TOP!! Final leg to 6100 by July 22nd 2024This just lines up so perfect for me. A measured move from the March 2020 lows would be 6100 in July 22nd ish 2024. That would line up with the tops from 1929 and 2001, oh man. At that point I'm selling it all and running for the hills cuz it could get REAL nasty.
SPY OPTIONS TRADINGFollow for more.
Some DEgen here trading SPY.. lets goo.
Trade base on your own decissions.
Powell's Power!As of recently we have been in a small bull run. Bulls have been pumping on bad news, being dumb and relentlessly rallying. This is normal for bulls though so what can we expect? Bulls gonna do what bulls gonna do! We are at a strong resistance/supply level however, the bulls have been very violent and are out for blood as they aim to plow through this resistance/supply zone. In a few days we get the new interest rate numbers and if the FED decides to pause the rate hike then the bulls will go crazy and pump spy even higher. A rate hike will most likely drag spy down a bit and put us into lower 400s or higher 390s but, lately bulls have been pumping on bad numbers so we cannot accurately determine their next move. The bulls are at the end of a tunnel and they see the light so they will not stop at any costs, join the rally or get stomped shorting. I'm not a bull or a bear but the trend is your friend, that is if you can spot it.
Looking at current trend $SPY can hit $114 in coming weekLooking at current trend $SPY can hit $114 in coming week
Time For Bears To Feast? $SPY Heading to $385 By Feb. 10th.It seems like it's following the same pattern as the past two rallies. If you look closely, each time it rallied, the volume was declining and same is happening with the current rally as well. The first rally hit the bottom trendline in 36 days, the second rally hit the bottom trendline in 18 days (in exactly half the amount of days it took the first one to touch the trendline) and if the algos are following similar pattern we should see $385 by second week of Feb. Close above $405 invalidates this probability for me.
Next week for spyTop of the week will start on a RSI cool down followed by a trip into bull territory. things cool off after new highs back down to support to prepare for the first day rally in Feb.
SPY $ Target 2023we got rejected for the 5th time at our bearish channel, if we don't clear that channel above the 400$, is means we going to have a test first for the support above the 355$ then to the bottom price around the (320$/340$) .
on the other hand if we broke that channel , is means that will be the first sign for bullish reversal , and the second signal which is the most strongest one is breaking the 430$ resistant .
SPY - Price Targets & Stop Loss📈 What’s up investors! 📉
Welcome back to another one of
💡“Mike’s Ideas”.💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
⚪ White = Entry Point
🔴 Red = Stop Loss
🟢 Green = 1.2:1 Risk Reward Ratio
🟡 Yellow = 1.5:1 Risk Reward Ratio
🔵 Blue = 2:1 Risk Reward Ratio
👀 So what are we looking at today…!!!
🚨( SPY ) SPDR S&P 500 ETF Trust🚨
The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
40 Bar Cycle Chart - S&P 500 SPY SPX - Updated 011423Leading up to the December Inflation CPI Report that was released this last week (Thursday), markets (at a macro level) have been rallying into this last Friday — which also was coincidently the start of earnings season as banks such as J.P. Morgan (JPM), Bank of America (BAC), Citi (C), Wells Fargo (WFC), BlackRock (BLK), & others.
Now that the Inflation (CPI) Report is out of the way & earnings season is full steam ahead, markets look to the next big event(s) which include the Federal Reserve February Interest Rate Decision coming our way on February 1st, 2023.
That said, here's what is happening in the charts with the S&P 500 SPY SPX ES1! as it relates to our "40-Bar Cycle" 📊:
📉 *CHART NOTES* 📈
As I mentioned above, we did break out of the sloppy trading/consolidation range that the S&P 500 SPY SPX ES1! was kept in throughout the holidays, & into the new year. Now that we've broken out of that & reached back above the 50-Day Simple Moving Average (SMA50 = Red Line) on the daily chart, SPY is sitting just below the 200-Day Simple Moving Average (SMA200 = Green Line). Also note that we did close above the SMA200 ($397.21) to finish up the week at ($398.50) on SPY. Now that we are above this key level (on a daily close), question is will we re-test this level & drift higher into the February Federal Reserve Meeting? OR, are markets setting up for a further (or short-term) pull-back using the timing & levels included in the "40-Bar Cycle" 📊 ?
Keep in mind too that we did get a positive MACD crossover (buy signal) on the daily chart, as featured below. However, looking at the charts (including 4-hour MACD) I would conclude that this is likely an invalid buy signal — based in-part on other factors including January Options Expiration (OpEx) next week, 'VIX Compression', & also Federal Reserve 'Net Liquidity', which is still "risk-off" on a macro level as the Federal Reserve looks to keep a lid on asset prices, & of course Inflation (CPI).
Chart #1-2: SPY Consolidation Breakout (Daily, w/ & w/o Falling Wedge Pattern)
Chart #3: SPY Consolidation Breakout (4-Hour)
Chart #4: SPY Consolidation Breakout (1-Hour)
Chart #5: SPY 40-Bar Cycle (Daily, note that we are now clearly above the 50SMA are converging on major resistance of the 2022 downtrend & the 200SMA ).
Chart #6: SPY 40-Bar Cycle (4-Hour, note the 50SMA did not cross below the 200SMA)
Chart #7: SPY 40-Bar Cycle (1-Hour, note the 50SMA vs. 200SMA buy-signal & upward regression channel)
What are your predictions for the rest of January 23'?
Camp A: We are short-term overbought & a pull-back is in order, before we re-test & break out of this $380-390-400 range on the back of better than expected earnings, less than hawkish Federal Reserve, & more "resilient" macro data.
Camp B: We may continue to short-term rally, however market liquidity is still too strong & the Federal Reserve is likely to continue with .25% — in addition to maintaining their hawkish tone so that excess market liquidity does not run away from them with higher asset prices. Macro data will continue to be mixed, if not trend-downward, & earnings will start to come in softer than people expect as forward outlooks raise the red flags for investors.
Let me know your prediction in the comments below! 👇🏼
Investment Opportunity in Spy - LongIt is important for investors to have an understanding of the factors that can influence SPY price movements and to be able to accurately predict future prices.
I focuses on analyzing SPY price movements and patterns in order to identify potential trading opportunities.
SPY S&P 500 ETF Santa RallyU.S. stocks tend to rise during the Santa Claus rally period.
The Santa Rally is considered the last five trading sessions of the year and first two of the new year.
Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%.
My price target for SPY is $384.
Looking forward to read your opinion about it.
Spy is headed to 300 this year baby Golden pocket on the weekly and 400 period ma
The fed pivot and earnings season will cause this
I think this roadmap is doable for ES & SPX - Seasonality WorksUp for a measured move in the channel to 4400's until Feb 22nd ish, Down to retest the channel and bottom around March 10th. Up until May 10th ish, bottom in June 1st for a great buy.
next possible spy box range.up, down, up, down. it all repeats itself. As we near a possible breakout from this annoying range here is my speculation of the next range if we break to the upside. We may not break upward this time though as markets conditions get stricter and interest rates harsher all this noise about the FED and their power may force spy down making it a bystander to this range expectation. Happy trading!
