Spy ZonesHave Fun Getting an AP Lads! Here are The Zones That May Play Out in The Coming Days/Weeks.
Spylong
15m 12EMA Perfect Guide For Both Long & Short QQQ & SPYLast week i mentioned the 15m 12 EMA guide for holding onto profits for both SPY and QQQ which we bounced off again this morning. After we broke the 15m 12EMA today i took a day trade on SQQQ and sold it close to the end of the day because we are still in a strong hourly uptrend and I do not want to hold overnight playing countertrend.
Notes:
- still need to change 4h and daily trend to uptrend, currently in neutral trend
- Even thought i shorted today im still leaning bullish on SPX and NASDAQ for longer time frame in 4h / daily and weekly. until price action tells me otherwise so would likely be looking for another TQQQ entry.
- Powell speaking this week
- we shot straight up 5.5% on QQQ into resistance a pull back for consolidation was very likely
SPY watch after a year of a down trend , and by using the wma indecatore we can see signs of reverse . we can confirm in the few next months if the price broke the support and resistance level
Gap Up or Drop Down?How's it goin traders, hope this recent rally has been treating you guys well. Here we have a potential gap up setup. We have a very aggressive uptrend currently and, we are approaching some supply zones that we will test and see if they prove to be strong resistance. Right now I see more up before we take profit/ have a small pullback. Thoughts traders? Have a good one!
SPY I Pullback and more growth to comeWelcome back! Let me know your thoughts in the comments!
**SPY Analysis - Listen to video!
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$14,600 Profit on TQQQ Swing Trade, What to look for next week. A deep technical analysis as to why I took profit on my 8000 shares of TQQQ and some mistakes I made on my trade that I could of done better.
- Also what to look for on Monday, Monday is likely a buying the dip opportunity day for the next move up on SPY and QQQ, i explained what we should be looking for to be buying in again.
- the weekly higher low is set and i will be playing off of it
- bulls are still in a weekly uptrend and now we have to change 4h and daily trend back to the bulls.
HOW TO RIDE Your Profits FULLY - 12 EMA BULL TRENDING $QQQ $SPYYesterday I talked about how bears had no follow though at market open and bulls took over after we broke above resistance and that we will very likely get another bull move today higher.
- Both SPY & QQQ were trending on the 12 EMA super strong and did not break below it at all
- bull 100% comfortable holding their positions throughout the entire day with zero signs of any red flags so far
- likely due for a 4h consolidation i'm looking for a 5m or 15m oversold bounce play Monday/Tuesday and ride continue to ride the bull move up until price action tells me otherwise.
- took some profit off my TQQQ position at 23.38, still holding some shares will likely add them back on a consolidation for another move up.
SPY UPTRENDOptions traders. were in a 3rd hit trendline. Resistance will be 404$
Trade base on your own decissions.
SPY LONG OPTIONSTrade base on your own decissions
Look up my bio for best setups on Options.
NOt financial Advice, be a swing trader
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.
