SPY S&P 500 etf Options expiring next weekIf you haven`t bought puts ahead of the FED`s Interest Rate Decision last week:
Which happen to end up 4.18X higher after the Federal Reserve suggested the likelihood of another rate increase in the near future.
Then you need to know that SPY is approaching an oversold area.
And historically, as you can see in the RSI chart, in these areas technical players tend to buy the dip, anticipating a technical rebound.
In this context, and looking into the options chain, I would consider the following Calls expiring next Friday:
2023-9-29 expiration date
$430 Strike Price
$4.38 Premium
Looking forward to read your opinion about it!
Indices
S&P 500 Daily Chart Analysis For Week of September 22, 2023Technical Analysis and Outlook:
In this week's trading, all our targets on the downside were hit: Mean Sup 4435, 4370, as well as the completed Inner Index Dip 4340. Currently,
we are expecting a rebound to Mean Res 4370, with a possibility to extend to Mean Res 4415. The possibility of reinstating down movement to Inner Index Dip 4212 is in the making.
NIFTY INTRADAY LEVELS FOR 22/09/2023BUY ABOVE - 19790
SL - 19750
TARGETS - 19850,19900,19960
SELL BELLOW - 19710
SL - 19750
TARGETS - 19650,19590,19530
NO TRADE ZONE - 19710 to 19790
Previous Day High - 20040
Previous Day Low - 19880
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
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Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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S&P500 Confirmed sell as it crossed the MA100 (1d).The S&P500 index crossed today under the MA100 (1d) for the first time since March 28th.
Since October 2022, the pattern is a Channel Up and the current decline since the July 27th top still has room to fall before it hits the pattern's bottom.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 4250 (bottom of the Channel Up and potential contact with the MA200 (1d)).
Tips:
1. The bottom's of the long term Channel Up have beem formed when the RSI (1d) completed Lower Lows near or under the 30.00 level. Be ready to book the profit if you see a rebound after the RSI makes a Lower Low.
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Notes:
Past trading plan:
NIFTY INTRADAY LEVELS FOR 20/09/2023BUY ABOVE - 20170
SL - 20140
TARGETS - 20200,20280,20380
SELL BELOW - 20110
SL - 20140
TARGETS - 20040,19950,19870
NO TRADE ZONE - 20110 to 20170
Previous Day High - 20200
Previous Day Low - 20110
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
snp undecided watching how things play outsnp on daily would not want to see a break on the recent uptrendline. If it does so, likely there would be more down side.
Friday's selling removed the whole of last week's mon-thurs up move which i anticipated. Let's monitor how things play out this week
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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NASDAQ Potential DownsidesHey Traders, in today’s trading session we are monitoring NAS100 for a selling opportunity around 15250 zone, NASDAQ was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
S&P 500 Daily Chart Analysis For Week of September 15, 2023Technical Analysis and Outlook:
The world's most popular trading and investing index gyrated this week within the last week hitting our Mean Sup 4435 and completed a pivotal rebound Mean Res 4520. Currently, there is a retracement underway to retest Mean Sup 4435 and 4370, as well as the completed Inner Index Dip 4340. The possibility of an intermediate extension to the completed Inner Index Rally 4590 is still being evaluated.
DOLLAR against all ODDSWe have DXY pegged for Bullish continuation.
I believe DXY is carrying a HTF Momentum to the upside.
It has made an incredible recovery since its Ranges Low at $99.578
And it does not seem to be losing steam.
I see DXY making some sort of retracement with a possible bounce around $104.561, to continue its path with a series of UP closing candles all the way up to $104.790 and the possible yet far $104.480.
Why is this important?
DXY upwards continuation will affect all assets including forex and equities.
For example: I determined NASDAQ Bearish inclinations based on the Dollars path.
See:
This is not only going to translate to NASDAQ but as said above it will affect all. There will be more ideas linked to this particular movement.
Stay tuned!
S&P500 Short-term buy within the weekly Channel Up.The S&P500 (SPX) hit today the 1H MA200 (orange trend-line) for the first time since September 06, which was before the current 5-day Channel Up pattern. So far it delivers an initial rejection, whose pull-back can extend even below the 1H MA50 (blue trend-line).
Based on the 1H RSI though, which is posting a sequence similar to September 07 - 08, we are close to the reversal point, making it already a buy opportunity. You can confirm that after the price closes a candle above the 1H MA200. Regardless, our target is at the end of a +1.27% increase and the top of the Channel Up at 4500.
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NASDAQ: This is the buy signal you're looking for.Nasdaq is on a neutral 1D technical timeframe (RSI = 54.797, MACD = 35.170, ADX = 44.268) as it remains below the LH trendline within the 4H MA50 and 4H MA200. Only yesterday did it make a HL at the bottom of the short term Channel Up. We don't know if that will be enough to sustain this bullish trend but the price managed to close over the 4H MA100 again (holding since August 29th).
However if the price closes above the LH trendline it will confirm the bullish trend much like it did on August 23rd. The 4H is on a Bullish Cross so we will be ready to buy this breakout. The target will be the top of the Channel Up at a +5.56% maximum extension (TP = 16,000).
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