Spyshort
SPY 500 Price Target PredictionHere is the Price Target we will most likely in Monday - Wednesday. 50 Day Moving Average is creating support for the downtrend, and once the price dips right below it, it bounces back up. 50 DMA is expected to be around 441.50 and the lowest price we should reach is 439.50 - 441.50. If we take a look at the Short Squeeze Momentum Graph, we can see that we are in the red levels, which means we should expect red in the coming days until we reach green. Also, we hit four negative days in a row going into five. If we go into five which we most likely will, it will be a first time in 6 months we hit five consecutive days going negative. If we take a look into the RSI, 2 Hour Graph, we can see that it's almost oversold, we should expect the RSI to hit 20-25 considering this is allegedly the most volatile month of the year in the Stock Market. Once it hits the oversold levels below 30 going into the low-mid 20's, we should expect a huge bounce probably to the overbought levels. As for the actual chart, it's hard to say this but, if we do, theoretically bounce on Monday which we probably won't, we may create a Head and Shoulders pattern. If we take look at the chart and focus from August 23rd to now, we can see that it already formed a shoulder, and it already formed a head. If we bounce on Monday, we will most likely form another shoulder and should see a huge sell off. AMEX:SPY
2% Seems To Be The Precursor... $SPY🕵🏾♂️Since May 2021... the $SPY has had 5 (five) 2% dips that have corrected. During the last run up prior to this 18mo push, the $SPY dipped 3 times before taking the big dip. Granted the last move was a shorter time period, so I would think that the fact that it has more dips can be seen in correlation to its length. Prepare for a correction soon. In my head I'm thinking we can see a 5%-12% dip in the coming weeks... if not days... unless Uncle Sam continues to play this printing game things could get ugly for a lot of portfolios....
$SPX Short - Pullback is due$SPY overvalued and overbought, pullback due.
meme stocks
tapering
crypto distraction
It's almost that time againSpy has been doing beautifully. But the price action has been hampered in part by the economic outlook that was presented these past few days. As such, i do look to see a breakout of channel to the downside may not be a crash like most are calling it but just a correction and most like V's it way back to 460's
You Already Know What This Means...If you have been following this channel for some time you know how important this divergence is.
Add the fact that demand is used up, expect it to be removed over the next few weeks.
Volume decreasing, price increasing = Bearish
No new demand being created and previous demand is used up.
Negative fundamental news for the U.S with biden/afghanistan, audits on the way, calls for resignation, basic FUD etc
Short Bias for now.
S&P500 - Shame on bearsI know bears are known to be lazy but this much? So bad!
When they smell food, they go for it, and over here they are still sleeping..
Wakeup! Wakeup! It's time
Smell the coffee and go for honey in the target zone
Short Term Bullish Trend before correctionThis chart is from last Aug to this Aug. Last Aug SPY went up to break the upper trend line till Sep 3rd with similar low volume but from Sep 3rd it went to a correction of 10% -11%.
This year we are in a similar setup, SPY pushing higher with low volume and the upper trend line is about to break we could see SPY hit around 460+ by Sep first week before we see a correction of 10-11%
SPY had the support of 125MA last Aug so this time it might get support around 125MA which sits around 414 which is approx 10% down from 460spy level, but if that doesn't hold this it could turn into a nasty correction which could drag on to all Sept and Oct.
IF you note, then you will see RSI is not yet reached a peak level so there is room for RSI that is also a reason in the short term SPY could keep on pushing plus in options market PUT ratio is at an all-time high and ppl are shorting SPY which could create a short squeeze that could push the SPY to a blow of top.
So in Summary - SPY in short term could hit around 460+ or - around the end of Aug or first week of Sept from there it will have a pull back of 10-11% which is around 414 level.
Possible pullback if tapering is announced at next fed meetingRising wedge with pullback estimates. Tapering is very possible at this meeting and I believe we will finally see a pullback once it is announced.
SPY SHORTLooking for a bit of a pullback here. Make some quick gains and get out for a small win if possible!
7.28.21 Candle Will Be Telling!What we have is a possible Hanging man. We have two of the three ingredients for a 87% chance of downward trend over next week or two if next candle is red. Given this weeks events, its looking bearish short term at the very least. Will be interesting to see how things shake out!
Let me know your thoughts of if this was helpful!
Not advice or a recommendation to initiate any kind of transaction. All investments have risks associated with them. Trade with care.
Market Crash Only Days Away If VIX Repeats Consistent HistoryThe S&P500 Volatility Index is currently breaking out into levels that historically has been catastrophic for the overall market.
On the monthly chart, we can see that whenever the VIX breaks out and confirms above the light orange trendline plotted on the chart, double digit drops in valuations happen for the S&P500 usually within mere weeks.
Which means any day or moment now we can see a major crash for the broader market.. much greater even than what we have seen so far as the VIX appears to have much bullish momentum by painting 3 consecutive higher lows and multiple higher highs on significant time scales.
This will definitely now be one to watch as this would negate our former long idea on SPY due to the sudden turn of events on the S&P500's volatility.
If the VIX can have its price driven back below the orange line and CLOSE this monthly below it, that would give market bulls hope. Similarly, many assets are at major fork in the roads on their charts right now, and the VIX as we can see is no exception.
Wait before striking... Is SPY going to fall out of its ascending channel? We might see a dead cat bounce today, but factors remain uncertain about the Delta variant and how the government will respond. However, we are at the beginning of the earnings season which brings risk against going short SPY.
Los Angeles has started its mask mandate again this past weekend. 40% are unvaccinated and if they're unvaccinated now with a vaccine surplus, they aren't likely to be vaccinated soon.
Will keep an eye out for how SPY moves for the next few days before entering a position. I will short again if SPY breaks down past 420 and makes a small bounce back up and if global stocks are down as well.
SPY: PULLBACK? CORRECTION? CRASH?Greetings everyone,
(Key Takeaways) - (MONTHLY TIMEFRAME)
This $SPY chart dating back to the date it was listed on the market back in 1993 gives us a wider point of view of the market.
Overall the sentiment is still bullish-long. However, the next couple of months can be bloodbaths.
Easy to say we are a bit over-extended? The smallest white trendline (2017-NOW) is showing signs of weakness.
Possible downward move towards $416.00 in the next couple of weeks.
The longer white trendline shows a possible 100 point loss down to $340.00.
Keep in mind we are entering earnings season so the risk is very high.
(My sentiment)
Bearish - Short term
Bullish - Long term
How Stocks Can Go Up In a Bear Market.Here are some hypothetical numbers I formulated, which by the way you can take with a grain of salt. It is for entertainment purposes only.
Some Tabloids you may find interesting:
80% of the stock market is now on autopilot.
Jun 29, 2019
Algorithmic trading is accounted for around 60-73% of the overall United States equity trading.
Feb 5, 2019
Considered by many wildlife biologists to be one of the most intelligent land animals of North America, bears possess the largest and most convoluted brains relative to their size of any land mammal.
Jun 10, 2008
It is thought that loneliness may contribute to cognitive decline through multiple pathways, including physical inactivity, symptoms of depression, poor sleep and increased blood pressure and inflammation. Loneliness has also been found to increase the risk of developing dementia by as much as 20%. Loneliness, it seems, can lead to long-term "fight-or-flight" stress signaling, which negatively affects immune system functioning. Simply put, people who feel lonely have less immunity and more inflammation than people who don't. This increases the risk of contracting deadly diseases and viruses by ten-fold.
Aug 4, 2020
$TLT to around $154 BULLISH!Expecting $TLT to go to around $154 before a small pullback with a start to a solid uptrend.
SPY Bounced! - Key areas to look for SPY had a big gap down today all the way down to 427.46 (-1.65%) but managed to bounce back at close. Here are the key areas to be watch out for.
- A have some good support at the 21day EMA (426.75ish) and could play it off the bounce there for a short term play to the upside.
-A close below the 21day EMA would be a bearish sign and we could see it testing 50day EMA again as you see in the chart. If we close below 21day EMA, I would play it to the downside with a short term target on the 50DAY EMA.
-Going all the way down to the 50DAY EMA would be considered as a small correction. That's about another 2.44% downside from where we're at now. If we somewhow get a mini correction all the way down to 50DAY EMA, this is where I would load up on calls as this has been a major major support in the past couple months.
AMEX:SPY
SPY BIG SHORT,,? -20~30% I hope that never happens. If it reaches a high point within 2-3 weeks. What will happen to the Nasdaq? Do you know about the rate T of stock prices. There is a speed in the stock price tends to rise and fall at a time. Even if the index reaches a high point, it waits for friends who have not yet reached it, and then falls with their hands in their hands. Let's all be honest. The current stock market is not healthy. Bubbles exist. Inflation has the chance to be persistent. We feel it as skin. Let's not fight the FED. Let's avoid the fight. Fed does not protect your assets. A big drop is expected. Once again. I hope not. I recommend reducing technology shares and increasing banking or non-technical shares within a few weeks.
MARKET WIDE CRASH ??! SPY about to go down ??If we close this week below this trendline, market wide correction will happen and it will last for many months. Time to sell is now.
Daily chart will confirm the trendline loss today (we got some bearish divergence too) so imo, time to sell is today (maybe load your shorts ? :)
SPY traders & investors: BE CAREFUL!This is not investment and financial advice. Please be careful and protect yourselves
Trade safe,
Atilla Yurtseven
SPY Weekly Prediction and Historical Corrections AnalysisIn the last 3 months there have been 3 major up trends and corrections.
We currently are in the 4th uptrend and a correction might develop in the next 1-2 weeks.
The historical corrections show that the market corrects about 40-60% of the previous uptrend in a quite short period of time. In particular it takes a time between 10% and 50% of the uptrend time to correct. We have been in an uptrend for the last 13 days. A correction might come soon.
The options implied volatility suggests a possible range between $423 and $435 till the end of the next week (9-July-2021). A correction of the previous uptrend should bring back the price to the $423 support.
The whole setup seems a perfect point for a correction. However, as we can see from the technical indicator William%R, a positive accumulation is possible. In fact, we might see a similar situation like the one developed in the second uptrend area. In this case the price might continue rising in the next 1-2 weeks postponing the correction further in the future (3-4 weeks). We expect a price between $435 and $423 by the end of next week.
