SPY is trading at a key resistance level, the white resistance line that has consistently provided strong rejections for the S&P 500. I am taking a short trade setup by going long on SPXS. Price targets: - Red support zone between $469 and $477 - Red trendline around $433 (price increases over time since the trendline is sloped upwards).
Expired SPY Weekly outlook. 4th WK FEB 2024 > BULLISH 📈 CORRECT Closed Price: 507.85 Target Price: 510 | Strike Price: 513.29 MAR1 24' Upper Range: 515 Lower Range: 504
This is my weekly analysis for SPY and if you have any questions feel free to leave a comment or DM me and il get back to you. NOTE:DO NOT SHORT
Expired SPY Weekly outlook. 3rd WK FEB 2024 > BULLISH 📈 CORRECT Closed Price: 499.51 Target Price: 501 | Strike Price: 508.49 FEB22 24' Upper Range: 504 Lower Range: 499
Expired SPY Weekly outlook. 2nd WK FEB 2024 > BULLISH 📈 CORRECT Closed Price: 501.2 Target Price: 503 | Strike Price: 503.30 FEB16 24' Upper Range: 510 Lower Range: 497
This is my weekly analysis for SPY. Understand carefully and if you have any questions do not hesitate to ask. NOTE: DO NOT SHORT
Expired SPY Weekly outlook. 1st WK FEB 2024 > BULLISH 📈 CORRECT Closed Price: 494 Target Price: 496 | Strike Price: 499.57 FEB9 24' Upper Range: 511 Lower Range: 481
Active SPY Weekly outlook. 1st WK FEB 2024 (FREE SAMPLE) > BULLISH 📈 Closed Price: 494 Target Price: 496 Upper Range: 511 Lower Range: 481
Expired SPY Weekly outlook. 5th WK JAN 2024 > BULLISH 📈 CORRECT Closed Price: 487 Target Price: 490 | Strike Price: 491.47 JAN30 24' Upper Range: 496 Lower Range: 483
Active SPY Weekly outlook. (FREE SAMPLE) 5th WK JAN 2024 > BULLISH 📈 Closed Price: 487 Target Price: 490 Upper Range: 496 Lower Range: 483
I think it's worth taking some risk here as the chart looks set up for a leg higher. Using the fib tools I'm targeting $482 - $486 / 1.618 It's already made a 50% retracement nearly to the dollar and tried to for an all time high. I believe SPY price will break that level and make another ATH. Volume is increasing although there is a lot of trading activity...
AMEX:SPY I'm doing a quick analysis of basic price action from the start of 2024 thru the end of January. AMEX:SPY $475 is a possible support High and Lows for this year are identified, a break of either of those could generate a more significant move in the same direction. We could see a lot of chop between AMEX:SPY $478 and $472, but if $472...
in the short term we are pushing on resistance now yesterday we saw a break to 478 if enough volume comes today we could see a repeat also worth noting we bounced off of the 200 day MA today "purple line"
Expired SPY Weekly outlook. 4th WK DEC 2023 > BULLISH 📈 CORRECT Closed Price: 473.65 Target Price: 475.95 | Strike Price: 476.14 DEC27 Upper Range: 579 Lower Range: 371
Active SPY Weekly outlook. 4th WK DEC 2023 (SAMPLE) > BULLISH 📈 Closed Price: 473.65 Target Price: 475.95 Upper Range: 579 Lower Range: 371
Expired SPY Weekly outlook. 3rd WK DEC 2023 > BULLISH 📈 CORRECT Closed Price: 469.33 Target Price: 472 | Strike Price: 472.65 DEC18 Upper Range: 477 Lower Range: 467
Expired SPY Weekly outlook. 2nd WK DEC 2023 > NEUTRAL 📊 CORRECT Closed Price: 460.20 Target Price: 461 | Strike Price: 473.36 DEC14 Upper Range: 532 Lower Range: 389
Active SPY Weekly outlook. 3rd WK DEC 2023 (SAMPLE) > BULLISH 📈 Closed Price: 469.33 Target Price: 472.44 Upper Range: 477.52 Lower Range: 467.36