SPY Also take a look at the weekly 3 bar play to the downsideSPDR S&P500 US$ forum
SPY Also take a look at the weekly 3 bar play to the downsideSPY imo the 200dma broke lower sellers are still aggressive the question is can sellers hold the line under the 200dma if so look for spy next leg down to 520 seems like buyers are losing steam cpi should put the nail in the coffin. That monthly as well has 3 top out wicks on spy not a good sign imo. I think we could bounce but only looking for lower high opportunities unless a major resistance level is broken like 580 590 sell the rips
SPY you guys ever zoom out and look at the big picture? 
ES1! SPX
5 year chart we're right at 50 RSI with bearish tops.
macd is now starting to drop with more momentum behind it on the histogram
assumed smart money selling off
sentiment is as low as it was in jan 2022 and still looking for more downside
higher bonds mean tighter money
dollar rapidly losing value.
also we're riding the wick which means someone's holding bags
the macro economics are unpredictable and the future is rough. Bessent is pretty much telling us yes the market is going to struggle near term.
when you're trading pay attention to larger trades retail getting smoked following the interday trend i could see us hit 513 by the end of march or april but it will be super choppy
ES1! SPX 5 year chart we're right at 50 RSI with bearish tops.
macd is now starting to drop with more momentum behind it on the histogram
assumed smart money selling off
sentiment is as low as it was in jan 2022 and still looking for more downside
higher bonds mean tighter money
dollar rapidly losing value.
also we're riding the wick which means someone's holding bags
the macro economics are unpredictable and the future is rough. Bessent is pretty much telling us yes the market is going to struggle near term.
when you're trading pay attention to larger trades retail getting smoked following the interday trend i could see us hit 513 by the end of march or april but it will be super choppy
SPY definitely had more room to drop Monday, we saw the Thursday gap, hence the Friday pickup, but the Vol. EOD Friday has literally been the highest in at least 6 months or longer (over 70 mil).... I miss the 160 mil vol days, but anyways... this is just speculation, but after Trump saw all the negative news about the market loosing around 3.7 trillion cumulatively since his admin, and then went on TV yesterday to blame "The Globalists" (rolling eyes), I am personally undecided on logic versus corruption (always an issue in the market, but Elon and Trump are fresh and loud about it) for Monday. Realistically, we Spy should continue to fall, but who knows what's happening behind the scenes now. just my 2 cents.
SPY gap at 582.70 on 5min chart. what are odds we fill it monday?
SPY hourly chart looks like a reversal to the upside is happening. Big green candles at a major support area. Curious to see if there will be a retracement back to the 571 level to form inverted H+S
SPY trump is really playing high card moves. My hypothesis is he will get us to either the edge of recession so that all three country’s come together with common sense and a deal.
He knows what he is doing to the economy and that he is screwing himself. He claims to not look at the market and blames is the the “globalist”. Blaming people who want to work together. We were fooled by him and the media. Media has been hiding in the shadows to blame as making him seen as the right choice. I’m not picking sides I’m neither. Middle is my stand. Meeting with streamers. Elon giving millions to gain what was denied as “votes”. He himself has admitted to his son being able to promote him. He has a good spot with this TikTok ban and being able to manipulate the newer generation. Don’t get me wrong hes smart but a mad man.
He knows what he is doing to the economy and that he is screwing himself. He claims to not look at the market and blames is the the “globalist”. Blaming people who want to work together. We were fooled by him and the media. Media has been hiding in the shadows to blame as making him seen as the right choice. I’m not picking sides I’m neither. Middle is my stand. Meeting with streamers. Elon giving millions to gain what was denied as “votes”. He himself has admitted to his son being able to promote him. He has a good spot with this TikTok ban and being able to manipulate the newer generation. Don’t get me wrong hes smart but a mad man.
SPY i see nothing has changed since i was last here... including some members...
SPY Closed calls. I was thinking we were reversing here but the price should retrace one more time heading into Monday morning. I was able to make a little extra profit though. Next week should be BIG!
SPY what a nasty nasty day but happy days both sides would’ve cashed out. Have a great weekend gents ✌🏼