$SPY: Red flags aplentyCouple of red flag on US equities in general:- -> Fibonacci projection achieved as the S&P500 is within whiskers of round figure resistance at 5k -> AMEX:SPY at +1.9x standard deviation from trend -> Multiple negative MACD divergence -> Low volumes suggest lack of participation -> Island gap formation in QQQ -> IWM likely making a lower high at upper boundary of established channel -> Too many companies laying off staff at the start of the year which implies lack of confidence for 2024. They are not even bothering to see what's 2024 run rate. by WellTrainedMonkey0
$SPY February 2, 2024AMEX:SPY February 2, 2024 15 Minutes AMEX:SPY is very bullish. All falls are negated and the bounce back is very sharp. At the moment I have 540-560 as a target on the daily time frame, as long as 460 is held. There is oscillator divergence daily. But I expect 9,21 averages to be held on any fall. At the moment 21 averages around 480 levels. For the day Consider The fall was 491.62 to 482.89 The rise 482.89 to 489.22 The fall has retraced to 61.8% and the rise needs to hold 486 levels. Yesterday's close touched the gap made by AMEX:SPY on Wednesday's open. For the day 490-492 will be a good target to close any longs. I will go long at 487 levels for 491 as a target. Elliott Oscillator is green, with a black bar on stochastics on top and CCI is green. Also if you consider the recent low around 469.87 to the high of 491.62 AMEX:SPY retraced 38.2% being 483 levels. Hene uptrend is strong. Moving averages are consolidating for a fresh move. Longby RiderTrader0
$SPY Momentum Algorithm Indicator For Trading ViewThe AMEX:SPY Momentum Algorithm Indicator for TradingView: Today's 30-minute chart indicates buying on green and selling on red, with small dots representing support levels. Depending on your trading style, you can use these levels for stops or wait for the algorithm to generate the next signal. Longby AlgoTradeAlert1
Hedging is the only solution in this market. MMs disrespectful.Look at this intraday price action on SPY. Bulls thought they had a win. +0.40% in one candle. "Wow must be going up forever to all time high!" MMs (market makers): SIKE! Drops 0.42% which is even lower than the initial pump. How do you play it then? Hedge. For example, I started with puts:calls 4:1 ratio. Sold +20% and held the call -10%. Sold the call eventually +5% and it continued to +100%. Rinse and repeat. I'll update this post with more examples as we go along. Don't get disrespected by MMs. Hedge all your plays even if they're scalps. Follow me and drop questions in the comments if you have em!by kingdips118
SPY - Potential wave 5 of wave 5It has been a while since I posted a count. Here I what it looks to be a wave 5 of a wave 5. I do believe this entire wave 5 (yellow) is a wave 1 of the higher degree. That means we should be pushing towards 490-500 sometime in March or so. Invalidation is below the red line :) Good luck traders and stay greenLongby fosheezy28900
S&P500 - Where's The Next Place To Buy?A look at a bullish trend continuation opportunity on the S&P 500 explaining why the current period of relief is happening & how to go about predicting how long it's likely to last. If you have any questions or comments feel free to leave them below. Akil Long04:28by Akil_Stokes10
📊 SPY Headed Toward 440We have many bearish signals coming from this charts, all confirmed by negative news from the FED. A mixture of technicals and fundamental signals working in unison. Yesterday the SPY produced really high bearish volume and a falling window. The RSI produced a lower high 29-Jan vs Dec.; this bearish divergence is now starting to play out. The last correction after mid-2023 took this index toward the 0.618 Fib. retracement level of the preceding bullish wave, something similar would push the index to around 430 and 440 in the coming months. I am still leaning towards the fast correction scenario once it starts to develop... Followed by a long drawn out recovery on the way up. Namaste.Shortby AlanSantana7726
$SPY $SPX Trading Range for 2.1.24AMEX:SPY SP:SPX Trading Range for 2.1.24 Tomorrow’s trading range is getting messy… come watch the video for the full walkthrough. I wish I had the energy to write the full description on here like I used to but the videos take a lot out of me… LOL… Shortby SPYder_QQQueen_Trading112
HOW-TO: Use Universal RPPI Indices and Futures TradingThis video explains how to use the futures and index RPPI indicator. The indicator is available here: As always, leave your questions and suggestions below or on the indicator page! Safe trades!Education13:24by Steversteves449
SPY open for 2/1/24 (BULLISH) SPY printed a strong (angle) bullish divergence on intraday time frames (15m) indicative of a sharp impending rally. Seeing as bullish divergences are strongest at the bottom of a move and SPY plummeted nearly $8 today, I find this okay intriguing to say the least. entered 2/5 $485c at 3.06 looking for a spike back to $486 on spy tomorrowLongby NickRinella2
$SPY February 1, 2024AMEX:SPY February 1, 2024 No comments. The system was right. Again 200 average in 15 minutes gave trade. And once more Wednesday /Thursday worked out. I made 2 mistakes. First forgot the day. Wednesday. Closed shots on Tuesday. Second, lost patience. Elliott Oscillator divergence worked for the nth time. No trade today. For the fall 491 to 482, 488 will be a good level to short. I will wait for the setup. Shortby RiderTrader0
SP - Still Looking StrongSaw some comments calling the top and today's action, the start of the Much Expected Wave C. I was looking for today's decline thinking it's Wave 4 of the current move with wave 5 to carry the market up to 500. Reviewing the "looks", This view shows that SPY broke to new highs and this down move is the test of the breakout level. I took a long position at the .328 fib Longby AssetDesign4
$SPY is potentially getting ready for its "July High Retest"Seeing some bearish divergence developing on the Daily RSI here, a short term retest of our previous ATH of 480 followed by a 460 Retest seems plausible in February take note of the divergence between RSI & price actionShortby Jonalius1
Microsoft Reverses off All Time highs!MSFT saw a nasty reversal today. Closing down more than the Nasdaq. All indices close negative = broad market selloff. Powell comes out hawkish & sends market lower. All eyes on Apple tomorrow!05:15by Trading-Capital4
$SPY Momentum Indicator AMEX:SPY Our proprietary Momentum Indicator is tailored for the S&P500, and our Dynamic Support small dots have been an area to watch. If it closes below, it may signal the end of the uptrend that started on November 3, 2023.by AlgoTradeAlert3
MrStocky Active Hedging - S&P500 Equity IndexThe bearish day on 31st Jan 2024 was sufficient to flip from a bullish to bearish view. Hedging Actions during bearish conditions: 1. Hedge (fully/partially) existing long-only equity portfolio with short positions 2. Close long-only (fully/partially) and stay on the sidelines until bullish conditions return 3. Close existing long positions and go outright short the market Each action comes with different risks.Shortby mrstockyetoro2
Bearish for now. The 6Hours chart has a different picture to show. It is showing two Hanging man/Cross doji candles. I am bearish until I see bullish signs again. Would you consider longing the SPY at this point ? Not a financial advice and DYDR. Shortby mrnikofrenchUpdated 0
SPY: Weak Market & Bearish Forecast Balance of buyers and sellers on the SPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignalsUpdated 227
Area of interest for the SPYI am interested in looking at long positions in the areas markedLongby Bubbalouie0
SP500 Entanglement of Macro Price ActionFib interconnectedness of 2 complete macro cycles Linear coverage of the market derived from the structure: Dot com bubble cycle ⌒ Low (march '94) ➡️ Peak '00 ➡️ Crisis bottom Housing cycle ⌒ Low '02 ➡️ Peak '07 ➡️ Low March '09 by fract3317
Expired SPY Weekly outlook. 5th WK JAN 2024Expired 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: 483Longby putIQ1