New Thread we have a really big week with Jerome Powell Rate decision this week Wednesday! This is going to move the markets and determine our future outcome for sure Tuesday April 30th levels for SPY Bulls 515 and chances are this becomes your territory to go long possible outcome Bull Market Resumed Bears its a short anything under 511 Bears once 500 is...
This one just keeps going so hoping on the bus. SL placed low as were pretty stretched on Daily and Weekly.
Elliot Wave finished forming the A of ABC correction just on the fourth wave of giant minor E.W. D1 t.f.. Two sets of abcde waves finished and builded a complete smaller abc correction, giving open doors for a bullish momentum. Trend still can continue until 300% of E.W. fibonacci. fibonacci is between the 0 and 2 of E.W., starting from 50% instead of 0. It...
Bears about to go to work on $SPY. Sold some ATM 519 calls for June 21 expiration, 43 DTE
The inverse relationship between yield and gold over the long term gives us an idea of what phase and dynamics of the market we are in. The bottoms of the yields are the tops in gold; interestingly the bottoms happen in 4-year cycles, especially in summer, July or June; while the tops are every 5 years in fall, September or October. Based on these dynamics, a...
Because bonds bottomed, you could see the risk profile change from the bearish rotation in yields and the dollar, and so did the market's reaction last week! That's just my thinking about spies, if it goes bust, it could go up to 596 or 600, maybe we'll pull back around 476 and then go up
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...
🔴 Resistance - 517 🔴 🚀 Target - 518 - 518 🚀 🟢 Support - 517 🟢 🚀 Target - 516 - 515 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION &...
SPY has been ripping through all resistance levels since bottoming out in April. VX continues to decay. We're not getting much volume and conditions have been choppy, but if SPY can break yesterday's high and hold on a retest, we could see a rally back to $520.
Entered here on this small pullback. Not my usual tactics, no point fighting the tide. Looks to have potential on weekly after breaking free from the sideways action. Left a large SL to allow a further pullback if I'm a little trigger happy.
Bear flag showing here on spy and a few other indexes/ sector. This bear flag would be consider a handle for a inverted cup and handle. Smaller time frame looks like this spy And heres NQ We are headed back to bear flag support around 500.. from there we could either finish one more bounce higher 511-514 before finishing the leg down to 480 The bear...
SPY Analysis ==================== 1. Price is showing Weakness as it is moving upward 2. Until it breaks 520.05, we expect a Range bound 3. Sideways possible between 512 and 520
Y'all gonna get rekt shorting this. Wave 5 underway. Might get another dip the next few weeks and then off to the moon. Targets based on various EW counts.
From China "uninvestable" to social media influencers calling bulls in the HK/China market and there are some followers getting edgy what they should do. I know what I will do since I am clear with my objectives , time horizon, risk tolerance, capital management, etc. For my existing holdings, I am selectively averaging down on some of these companies -...
Tomorrow's Trading Range (5.9.24) and all of the levels going through it.
🔴 Resistance - 516 🔴 🚀 Target - 517 - 518 🚀 🟢 Support - 515 🟢 🚀 Target - 514 - 514 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION &...