SPY $539 Price Target A 528 B 527 C 525 D 518 These were all accumulating zones for the next leg up $539, lets go bulls hope you guys follow the chart you'll be in money lets gooooo!!! Sun June 2 afterhours spy is at 528.80 Will be waking up to huge returns!!!Longby JoeWtradesUpdated 141428
$SPY range $479-$529, the path to the top (and bear market)AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger. If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530. Another possibility, is we just continue upwards to the top resistance levels and then decline after. Idea of a range is you want to buy the lows (supports on chart) and sell the highs (resistances chart). Regardless of the path we take, we're nearing a top in the market and after we hit those top levels, I expect a large decline lower (one that takes us past the prior 2022 lows). Ultimately looking for SPY to reach the $280-300 level by the end of 2024. But let's save that analysis after we see what happens in this range. by benjihyamUpdated 555538
$SPY June 7, 2024AMEX:SPY June 7, 2024 15 Minutes. As expected, a sideways day. Today holding 531.5-532 uptrend continues for a target 537-539. In weekly if we the move from 348 to 459 to 409, 1.618 extension for that move is 590. Hence i believed that as long as 480-490 was held we are in for a big move upwards. Longby RiderTrader664
$SPY June 3, 2024AMEX:SPY June 3, 2024 60 Minutes. On Friday as expected both 518 and 526-527 was done. My buy is still above 533.5 only. For the fall 533 to 518.3 AMEX:SPY retraced exact to 61.8% being 527.4. For the rise from 518.36 to 527.5 holding 524 I have a target 530. But I am biased towards 512-518 until I see a change in trend.Shortby RiderTrader335
$SPY update 5%+ correction then retest of highsOriginally I was thinking that we'd see a move to the $480 support after testing the highs, however, because we haven't fallen yet, the chart no longer supports that view. Instead, I think the most likely scenario is that we fall on or after Wednesday 5/29 back to the low $500 area, then we go back to test the highs at $530. The retest of $530, will setup the lower high which will start the bear market. So basically there's one more chance to buy the dip in the low $500s, ride that back to the highs, and then you'll want to be a seller from July onwards. Let's see how it plays out.by benjihyamUpdated 141414
$SPY market top? 50%+ correction incoming?Contrary to what everyone believes is going to happen: "We're going to see a new ATH by the end of 2024 then we decline after" "There's no way they're going to let the market fall in an election year" I think we're about to start a historic correction to retest the lows from covid. Since October, price action has gone parabolic, and normally when parabolas break we see a large correction. There's a lot of catalysts that can drive the market lower from here. High rates, other central banks cutting more aggressively than us, policy mistakes, election uncertainty, etc. for those that care about fundamentals. However, my assessment of the chart is that we're at a market top here and we're going to start our decline lower in the near future. I think this move is likely to happen in the timeframe that everyone thinks we'll see new highs in (so in the next 6-9 months). If you're long, I think it's a good idea to hedge here and or set tight stops, because the move down will happen faster than most people think is possible, should it play out. Shortby benjihyam776
SPY WEEKLY 3rd June 2024Welcome to SPY Weekly. I have discussed the levels where to go long. If you have any doubts or questions please feel free to DM here on X. NOTE: DO NOT BUY CALLSLong13:30by THECHAARTIST6619
SPY WEEKLY June 10 2024Welcome to SPY weekly. I have clearly explained the trades in this session. If you have any doubts feel free to ask me your doubts. NOTE: DO NOT RANDOMLY BUY CALLS Long14:48by THECHAARTIST115
$SPY June 6, 2024AMEX:SPY June 6, 2024 15 Minutes. As expected, 533 was done yesterday. If we take the last sideways consolidation rise from 524.95 to 534.69, holding today 532 i have a target 538-540 levels. However as AMEX:SPY has moved from 522.6 to 534.69 from Monday to Wednesday, i expect a sideways consolidation today before attempting to hit 538 tomorrow. As we can see in chart AMEX:SPY is having multiple hits at channel mid, so I expect a breakout, retrace and then swift move to 538-540 tomorrow. The moving averages are getting sorted out to be in order with 100 expected to cross 200 today. The only negative issue is oscillator divergence which should get sorted out today. by RiderTrader224
SPY: Week of June 10th And I'm back. Sunburned to all h3ll. haha For next week on SPY, its looking bearish initially. We do have a reference target at 533 so expect a retrace to this area. Looking for 529 and ideally we break below to head to those low targets, because that will test this wedge SPY is making. Here is the wedge from a daily perspective: And the weekly: Probs on SPX and NDX are particularly bearish which gives the most reliable assessments. SPY is meh. Loosy goosy essentially. We fell below the threshold range in afterhours on Friday. We left off with a setup that brings SPY down to 531, so potential gap down situaiton. If its going to sell, I would like to see it sell right away and quickly to rebound back up. If we hit those low targets you're pretty golden to long and just hold long because of this: Key points to remember for next week: 1. Trend support rests within the lower low targets (the red box in the chart). 2. Reference target of 533 which is hit roughly 80% of the time, meaning that if we see a fast sell, we will likely see an equally fast rebound. 3. We are still midway into the wedge, its not likely we see a big breakdown here. We do have some catalysts, NVDA split (bearish), FOMC (neutral). These may be catalysts enough to bring us down to the trend support but they aren't going to likely cause a break down or out one way or the other. Cavet: If we go up first, which is a possibility, then we look for rejection at the top of the range in the chart. Going up first doesn't make sense when you look at the math levels/predictions. Its a cleaner setup to go down first and snag the math low estimates and the trend support. But, if the market wants to shake things up (it really hasn't shaken things up in a very long time, its been pretty stable lately, but there is always a first), then we could technically go up first. This wouldn't necessarily change the bearish re-test but it would complicate the reversal point. Overall bias remains, shocker, bullish. Safe trades everyone! by Steversteves16
SPY Short SwingLooking for a pullback to 526 area, after pattern break, trade into pattern PoC. liquidity zone.Shortby Smart_Money_Cpyder224
SPY SELLERS WILL DOMINATE THE MARKET|SHORT Hello,Friends! We are now examining the SPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 522.97 level. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 224
$SPY June 5, 2023AMEX:SPY June 5, 2023 15 Minutes. AMEX:SPY has managed to hold 518 levels making HL pattern. Moving averages have converged. 524.5 is important to hold now for the current uptrend. As i expect once 533.5 is crossed we will have good move till 540. So, for the day considering the rise 522.6 to 529.15, holding 525.5-526.5 levels i have a target 531.5 to 533. Since i expect downside to be limited to 524 I will go long for 531 +- a good $3 trade for today hopefully. But if it breaks 533.5 convincingly i will add more for 536 - 538 levels.Longby RiderTrader9
SPY ShortThis is a setup that will take prox. few weeks to fulfill, not financial advice, you will be milk toast if you follow my strategy. Not motivated to give an explanation, due diligence before making a trade. I don't trade Spy, DXY or other USD___ and ___USD pairs except for EU. Shortby PepeJTheTrader221
LOOK AT RECNZT POST P.2not much to say ive posted about it earlier just take notice of itShortby cw1sss221
Is the $SPY pullback over?AMEX:SPY Update: Pullback might be done! Testing the previous all-time high as support and the 21 SMA holds. Bullish momentum incoming? 🚀📉 Longby infinity_kk222
SPY: First week of June Hey everyone, Posting an idea. I will be away next week, God willing, on a ship 🚢, in the Bahamas 🌴, so figured I would post now, because I will pretty radio silence for next week and haven't decided whether I will make an effort to track the market while on the sea or not. Probably not from the looks of the probs, so let's get into expectations next week. Daily probability on Monday is bullish, which works well for the bull flag SPY left off on. The TPs are in the chart. Biggest concern you have is we fell below overhead trend resistance at approximately 530. So watch this area. Probability on the week indicates inside. You may get away with buying the dip, shorting the rip next week as a result. Most critical I would argue being that 530 trend resistance. Reference target is at 528.12. We open above, we will sell down to this point. We open below, we will buy up to this point. 80 ish % of the time. Inside week makes sense with the following week containing NVDA stock split and FOMC. Be weary of NVDA stock split, this is a bearish event for most stocks and it was for NVDA's last split as well. I got burned on that the last time😩. FOMC I have no expectations. Going into the following month (July) we will have new 3-month levels and new 6-month levels with the high prob target, so curious about that. In terms of TP expectations for next week, 530 is what I expect. Safe trades everyone and catch you in 1 week! by Steversteves4431
SPY Fibonacci Price Theory And BreakOut BarsThis instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator. Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement concepts. What I really hope you learn from this video is to see price as the true ultimate indicator for your trading decisions. Using technical analysis techniques is fine, but use price as the key element when trying to confirm or reject your trading ideas. I hope this helps you understand that price, action, and reaction through trends, peaks, and troughs are the most important components of the chart. Everything else is peripheral.Editors' picksEducation10:56by BradMatheny3350
$SPY RARE DOJI Outside Bar Setup AMEX:SPY RARE DOJI Outside Bar Setup The last Hammer OB led to new ALL TIME HIGHS but is this a BULL TRAP - Did they get GREEDY? My PLAN: 540C>536.21 | 530P<532.96 ❤️if ur in!by tradingwarzone5
Advanced Silver Bullet Strategy made me over 5k- Make sure to take your Silver Bullet false breakdown WITH higher time frame CONFLUENCE - 4HR chart has a clear bullish FVG - Use 5 min FVG to enter! RINSE AND REPEATby tradingwarzone4
SPY ACTION 060424Commentary for Tuesday morning 6/4/24 in regards to Open Options activity for SPY options expiring 6/7/2024. Happy Trading,Long03:00by twocowzUpdated 4
SPY: Expecting Bearish Continuation! Here is Why: Looking at the chart of SPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals113
The Mechanics Of Trading - Part XIII - Failure At New HighPart XIII - Failure At New High I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length). B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low. C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend. Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated. I go over multiple techniques in this video. Fibonacci techniques and Fibonacci Price Theory Anchor Bars (breakaway bars) Using Fibonacci Retracements to identify key support/resistance levels for trending Stochastics RSI Wave formations (ZigZag) and Others This video is designed as an instructional video to help you incorporate usable techniques into your own trading style. Hope you enjoy.06:17by BradMatheny3