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Spyshort

Spy Massive Rising WedgeOver the years spy has traded between two trend lines that have formed a rising wedge. There's a possibility in the coming months to years we break the bottom support line and fall significantly. However, this is an observation from the 2 week time frame of the Spy chart. I'm currently short on spy until the bottom trend line near $295 to $300 is reached. We can possibly bounce there or break down and head lower. This is a 6-12 month play for swinging options puts.
AMEX:SPYShort
by MannyTman
2
SPY S&P 500 ETF game plan for this weekAfter last week`s rebound played perfectly: As well as the the Head and Shoulders Bearish Chart Pattern: For this week i have selected the 1h timeframe to understand better the possible movement. I believe that we will see a rebound once again at the beginning of this week after the speaks of Chicago FED Presidend and Vice Chair of FED on Monday and Cleveland FED President on Tuesday, but the market will close once again red on Friday, after the bank reports, where i think we will hear about revisions and recession incoming. Looking forward to read your opinion about it.
AMEX:SPYLong
by TopgOptions
5
Now's Our Time Bears!Mid July I posted my trade idea - and so far it's playing out to a T. A lot of my investor friends have been talking to me about how the market makes no sense and does the opposite of what "SHOULD" be expected. A slowing economy, war, inflation, rising interest rates, etc etc. Even our earnings season was bearish to slightly bullish for the most part. Although I'm preaching to the choir, this is why it's so important to watch the charts and have a fundamental understanding that everything works in waves, never a single direction. I'll also say that with our current fed giving us a clear path for what they plan to do in the future, the market OVER CORRECTS to price in the future. The market isn't efficient however, and that's how mediocre/slightly good news can send it skyrocketing the way it has the past 2 months. Anyway to the continued trade idea. Today was important because it solidified investors lack of confidence in the market. We should be on the lookout for the CPI and Jobs report coming soon, along with another fed rate decision. I'll also say I don't know what will cause the crash. I think it's pretty much impossible to call, but you don't need to know what it is, just that it'll eventually break. Still using 2000 and 2007 as the basis for a market crash, I've plotted out their remaining moves. Green is 2000 and Yellow is 2007. These moves include the percentage draw down for each "wave" along with the same exact time it took to get there. I expect a drawn down from now until October to around $365 which could rebound or continue falling into December. If there's no follow through crash February 2023, we might see a short lived rally that'll die June 2023. As mentioned in my previous post I have January SPY puts that are currently in the green and doubled down on todays confirmation.
AMEX:SPYShort
by PlayerNonZero
5
$SPY Can we go higher?Hi Traders - It's been a while since my last post and I figured I share this one with you guys. In the chart, I lay out the two most likely scenarios on each side of the trade. Personally, I believe there will be upward pressure here, because of the sheer amount of upside. However , we will have to see the overnight price action and pre-market before making an accurate judgement on which way we will move. Sincerely, Mike (UPRIGHT Trading) **PLEASE NOTE: the indicators at the bottom are for analysis**
AMEX:SPY
by UPRIGHTTrading
5
Have we locked in bottoms? Time for rip? Maybe notCheck out this buy zone I set up back in July, we bounced off the June 17th bottom, and just accelerated through the demand zone, but right before that is a supply zone (not pictured), also look at the volume difference from June to now. This push to the upside is weak, liquidity is draining out of the market, as soon as bad news comes, and it will, there will be hell to pay. Perhaps a more cynical way of looking at this might be that this is a pump before a dump This is a bear market, without good news, and a sustained rally the pumps are a false floor and good place to buy puts, or at least that's the plan for me
AMEX:SPYShort
by Definitelynotgoodatthis
SPY S&P 500 ETF Double Bottom Technical ReboundIf you haven`t shorted the SPY Head and Shoulders Pattern: Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold. In this case, the Relative Strength Index momentum indicator of SPY S&P 500 ETF is at 24.05 on a Double Bottom Reversal Chart Pattern. A double bottom is a reversal chart pattern in technical analysis that describes a change in trend. Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal. My ultimate price target is $338, but for now i am bullish. Looking forward to read your opinion about it.
AMEX:SPYLong
by TopgOptions
1
SPY Puts should cash when the market opens.Ill start being more straight to the point. In my previous post I stated that the 370 level was a pivotal one. and you have seen for yourself time after time that it has been rejecting it all week. IDK why trading view is hiding my last post. Ive seen many profiles on here that should be deleted. hopefully this was the last time. Now today is Thursday and we have one more day to close off the week and the month. No one really likes September tbh for its historical bearishness. But what I do like is the buying opportunity it presents for my portfolio. Please watch the retest of the support off 363.09 and 360.99 Here's my entries for SPY today CaLLS 367.64. Puts 366.15
AMEX:SPYShort
by Courtneyd
$SPY $SPX - #SPY #SPX Where is the S & P 500 Index headed next?On Friday September 23rd, the FED held a very important meeting to discuss the current issues that we are facing economically, while most of the comments were bleak, there were a few clues that our supply chain could finally see a light at the end of the tunnel by next year (not without heartache of course). The largest issue we are facing is supply chain & employment retention issues. The supply chain will be slowly improving now until the end of the year. If you are following my social media page, I've stated that shipping prices will see a decline beginning this week (shipping is a large part of our supply chain issues). The second large issue is understaffed production. I believe this will adjust as more corporations begin laying off workers, the job market will tighten, making entry level positions more competitive. Real Estate will get slaughtered into the New year to make housing more affordable, but keep in mind we do have a shortage in homes (considering how many millennial/gen Xers are still living with their mamas). New home builders cannot profit with high inflation, high interest loans and a declining real estate market. The will begin to pay off debts first to avoid the new high rates and then buy back single family homes to flip for profits and/or buy back their own beaten down stocks. As FED pivots, homes will get purchased again so not at all am I expecting a 2008 scenario. When the FED decides to pivot, the best place to hold cash will be BITCOIN, GOLD, SILVER, STOCKS, (possibly real estate if you have cash on hand) ect and at that time $DXY will drop and the Dollar will no longer be the best store of value. I listened to the entire 2+ hours of the FED meeting and after analyzing the current data and Jerome Powell's hawkish nature, I'm NOT expecting a big bounce in the S&P 500 Index anytime soon. The shorts are piling in and for good reason because we will definitely drop down and make a fresh low this year. A pivot in our current sentiment isn't happening next month, the bounce going into October will be much weaker than the previous one we just had, maybe just to squeeze enough shorts out of existence before actually making the plunge into the final accumulation pattern. I will keep updating my thoughts as more data is printed but for now this is an estimate of how I see the price action flowing on The S & P 500 Index. Happy Sunday!!
AMEX:SPYShort
by ChaldeaCode
2