Get started

Spylong

Resuming to 455 to 460 range Bottom is already in. No crash this month. I will not be shorting at all unless you were scalping in pullbacks. For right now, TP is 455 to 460 range. You must receive the holy spirit as a proof that you belong to Jesus. If you don't have the holy spirit living in you, you are no different a Muslim, Buddhist, or an Atheist. It doesn't matter how many times you say you believe in Jesus. Jesus will send the holy spirit to you acknowledge you belong to him. Romans 8 16 The Holy Spirit himself bears witness with our spirit that we are children of God
AMEX:SPYLong
by Jonniefriday206
Outlook on SPY leading into the weekendI know this is a little bit of a messy chart. Alot of trend lines and yellow rectangles- Here is the breakdown and outlook for SPY leading into the weekend and next week- I am anticipating a small correction this morning that will lead us to Pre market gap fill with a target of 426.44. This will achieve gap fill and trendline support (Green box for reference) From there, i will be looking for confirmation of strength and bounce and will enter a long position (Put Credit Spreads likely) where my next bullish target will be 437.10. This is my breakout target for the massive triangle we have seen (we can see part of it in the chart) AND it is a gap level that will be filled once hit. (Purple box for reference) There is a much larger gap towards the bottom of the chart. I do anticipate us to fill this gap at some point in time. However, generally when there is a large trend reversal, we almost always leave a gap for us to come back and respect.
AMEX:SPYLong
by Pavley
SPY bounce off from the support what's next?Today $SPY bounce off from the support line after wallstreet turns bullish in the market with no positive news. i mention this before from the last analysis, that market could bounce around the support line. the support line is very visible on the 1hr, 4hr and Daily chart. its also very visible that market is making lower highs ( see my trend line in chart ) a possible sign of short term bullish before it head back to lower again. keep in mind also that FAANG stocks is following the same chart pattern and trend line with SPY. to continue its momentum SPY needs to break the resistance around 437-440 to continue its momentum. Overall market still looking bearish. swinging will be tough specially with geopolitical issue going on that could shake the market anytime of the day even in pre Day trade or scalp target play: 03/ 10 /22 Buy call above 430.34 sell at 433.07 or above Buy puts below 424.65 sell at 421.89 or below Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
AMEX:SPYShort
by CHRIS_B58
1
SPY HUGE FALLING WEDGE UPDATE *WARNING**WARNING: LOTS OF READING* tldr; LONG TERM: This is bullish. DO NOT mistake me for thinking that I am about to say below is saying we will crash all the way down to SPY 200. Now... onto the post below... From my previous update: I was looking for a break of the falling wedge around the 448 level, but that obviously failed. I was also looking for a bigger bounce from the EOM/BOM flows (yesterday and today) into the higher end range of this falling wedge. Neither of those happened. Clarification: When I mention EOM/BOM flows, I do NOT mean that markets will rocket. It's not as simple as that. Rather, it is to say that the markets are propped up from too significant of a decline. This applies to pretty much every month of the year where the cycle repeats ON AVERAGE: -EOM (End of Month) and BOM (Beginning of month) flows support the market until Friday preceding OPEX week(market can move higher if there are two consecutive closes at 1 STD above the 20sma during this period). Most recently in terms of market dynamics: the 20SMA is where market battles between bulls and bears happen the most. They try to claim the 20sma for their side. *Any 2 consecutive closes at 1 STD above the 20sma for the bulls during window of supportive strength can lead to even higher market prices. *Any 2 consecutive closes below the 20sma (note nothing to do with STD for the downside) during window of supportive weakness can lead to lower market prices. -VIXperation Wednesday (usually is when stage 1 of the unwinding of supportive flows begin). Depending on price action, this can have opposite effects. Usually, if this month is heavily hedged (via VIX calls, SPY puts) and price action isn't pushed to the downside, then those contracts will expire worthless and MM delta neutral hedges will unwind, causing price to push to the upside because of short covering. If price action is already pushing toward the downside, price action can actually snowball more to the downside. -OPEX Friday (stage 2 of unwinding of supportive flows). Similar to the above. Depends on price action and where contracts are placed. -Week after OPEX Friday leading to EOM (stage 3 and the most critical). Supportive flows are not as present, meaning decline of price action is very much possible in this time period. Two consecutive daily closes below the 20SMA will lead to further decline. Let's summarize end of February price action: February VIXpiry Wednesday 02/16/22: Hedges unwound and we squeezed significantly to the upside. *Short covering rally/squeeze February OPEX Friday 02/18/22: Unwinding of current contracts and hedges, led to significant decline to the downside. February week after OPEX Tuesday 02/22/22- Thursday 02/24/22: SIGNIFICANT market decline into a sharp reversal on Thursday, leading to Friday and eventually this week EOM/BOM. Yesterday and today, the supportive flows did NOT move us significantly higher. We haven't even reached the 20sma. Again, this period of supportive flows is where bulls have the opportunity to take control over the 20sma. They are failing to do so at the moment. This is ominous for the bulls. This supportive period ends effectively on 03/11-03/14 (start of opex week), so we have a lot of work to do. Not to mention that in addition, we have FUTURES roll date on 03/10 (not going to get into that...), FOMC speakers, Biden SOTU, etc... things are not looking hot. *Keep in mind that the big guys can front run the flows any which way, so the market structure above is NOT all-exhaustive.* --------------------------------------------------------------- What is my plan? If you didn't know already.... I'm majorly bearish into March OPEX and even beyond. The reason I put downside targets of SPY 404 --> 398 , etc., is because I think that ultimately, we will trade there within the next couple months. I am primarily cash while playing minor plays to the downside upon ANY rally to the upside. No rally thus far since January has been sustained. Every significant rally has been faded. Primary position: 03/25/22 SPY 400p Intra-day plays: Hedge with weekly calls to the upside to endure any squeezes to the upside. Take profit and sell at resistances. ---------------------------------------------------------------- You have to function with the mindset that Mr. Market will do whatever it takes to F*ck the most amount of retail investors possible. That is why you will have extremely volatile swings to both the upside and the downside, while ultimately maintaining a downtrend. Retail investors from 2020-2021 have been trained by the FED (due to unlimited liquidity) to just BTFD. You can NOT do that anymore. Please listen. You have to be using VERY little leverage here because price can go against you in an instant. You should be PRIMARILY cash. You can play the downside, but put very little money to do so. Trust me, you don't need to put a lot of money in to reap a lot of rewards to playing the downside. Can SPY Reach and even Break 380's? Absolutely. Will it then lead to a cascade waterfall downwards to SPY 200? No. I think what may happen is that we have a capitulation candle, where all retail long call BTFD bros get slaughtered. I can definitely see a HUGE wick below the support line drawn, and then we may have a reversal back above into the falling wedge pattern. If the support line breaks, I foresee retail being forced to capitulate and buy puts at the lows (as retail always does.... which is to buy high and sell low). Once retail has bought puts at the lows, market will reverse upwards. ------------------------------------------------------------------- Be nimble. Watch the 20sma. Watch the FED course. Everything is dependent on the FED. Hawkish behavior will lead to the inevitable decline. Do NOT be a perma bull or a perma bear. Respect the price action and ride it. Best of luck traders. Live updates on Twitter. If you have any questions, ask away :) @seneslulz
AMEX:SPY
by SenesTrades
6
SPY - Long the Market!-After a week full of war news and fear, we might be heading into a new week with some positive start! -Before the "I do my macro analysis, and I don't agree, the market is going down" guy with a drained brokerage account steps in the comment section after his margin call, we would like to say that we feel bearish in mid-term. We feel like after all these SWIFT sanctions, frozen Russian billions and increasing swap rates, there definitely will be some real blood this year. And it looks like the blood will come after the recovery! -So now that we have apologized from the "Macro Econ" guy, let's come back to the analysis and look into how we can make some $$$ on short-term. We see a possibility of a rise back to $450 levels and $470 afterward. Some weekly puts might be sold with an Iron Condor strategy in mind as you might need to sell calls at any moment given the volatility of the market. -Enjoy the trades and don't forget to join us on our group link is in bio!
AMEX:SPYLong
by caldooninvestment
4
SPY bounce at 400Ok so the SPY has gotten through the choppy area of the 420s. Now, there are no major supports before it gets to 400. On the chart I drew out 3 possible scenarios, or ways I'm looking for the market to start a bounce at 400. The first one is if we trade down to 400 during the day, especially early in the day, I'd look for the bounce later in that day. The second possibility is if the SPY sells down into close but we are not at 400 yet, and then the SPY opens below 400; BUY THAT OPEN!!!! The last possible I'm look for is if the SPY just sells down into close for the day, getting below 400; it will probably go through that level with relative ease. Don't know what day this will play out but looks like it will be soon, like within a week; but I would not look to play the bullish bounce with options less than a week to expiration. And the reason why, is the last thing I will caution you with, watch out for scenario 1 turning into scenario 3. Where we get below the 400 point level early one day, start bouncing, and then the end of day start selling off and make a new daily low going into the close. That's why you want to give yourself a little bit of time on the options. I'm going on vacation, so if it happens while I'm gone I wanted to give you what I was, am, looking for. I do have take profit stops at those level but if it does it while I'm gone I might not get into bullish positions. Good luck and make that money.
AMEX:SPY
by Options_Trading