SPX broke below channel support and tested horizonal support of 4511 and failed to hold. Late in the trading hours Friday , the SPX sold off and ended up closing below the 200 day moving average. The last time the SPX closed below the 200DMA was June 26th, 2020. The next level of support the SPX will test will be 4284. A false breakdown is still in play for...
$SPY Trade update Alright… quick scalp… LOL Bought 31 Mar 426 calls @18.50 Looking to close by end of day…. GL, y’all —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a...
Scenario #1 2018 drops we get the same drop like we did in 2018, 20% down move from top of spy. due to trade war and rising rates We had set up a double bottom move to trap all the bulls and flushed 20% with no relief rally at all. Scenario #2 we have so much fear in the market that we sell and broke thru all support levels very fast until the fed steps in. We...
We are now close to upside target in the vxn 42/47 and vix 42 I will now go from bearish to NEUTRAL in my signals and look at Sept CALL SECTOR FOR THE NET LONG IN SPX DIA MSFT NVDA HD TOL LEN
This is HUGE. After my friday prediction I have no idea where it is going to stop. It could be at 415 is could be at next support. The only thing that could stop it is some really good news. We're probably gonna hit a couple month stretch of bear market.
I did this analysis on SPY last October. If you put together context and history on this chart, It's hard to ignore a potential painful scenario. Here are my thoughts. 1) If the markets are truly fundamentally cyclical, we could imagine the past being just versions of the same phenomenon : "When we're highly over-extended, old profitable bags are being sold to...
ES finding current res at the 15 min 8 EMA. The H&S confirmed to the square-root of Phi: the golden mean.
After four consecutive down sessions, could there be any value buyers left. Any test of ETH session Low could provide direction for the day. Level to watch 4335 --- 4333
Market is getting into the area I thought we would get a bounce (market might sell down an additional 1% on the open), so I will be removing downside puts. Expect a decent bounce over the next few weeks, before the last roll over. I DON'T think this is the bottom. If we just keep selling down to 400 without the bounce then I'll just buy when we get there.
SPY has seen a strong downtrend, but now it has held in a strong support zone. In the short term, it is an opportunity to extend position from the mark support zone and take profit from the resistance zone, which is marked as on the chart.
Breakdown of Each chart Top left - S&P 500 / General market Bottom left - QQQ / Nasdaq / Tech sector Top right- XLF / Financial sector Bottom right- Dollar index .
The earnings season enters one of its busiest phases this week with tech giants Microsoft ($MSFT), Apple ($AAPL) and Tesla ($TSLA) are due to report. Investors will be seeking reassurance from earnings result after last week’s selloff, but market volatility looks set to continue for now. Fed Chair Jerome Powell is expected to signal that the central bank is on...
$SPY Key Levels, Analysis & Targets Your guess is as good as mine, y’all… let's hear it... —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see...
- A boom will always eventually turn into a burst its the nature of the markets what goes up must come down and vice versa -People operate with greed at times then that greed turns to fear -80% of the money in the market is from institutions and 20% retail traders so lets take a look at the monthly time frame look at the disequilibrium - For the coming week or...
last week, i mentioned a possible max drawdown around $4000 in March 2022 (Big gap in $SPY). There might be a possible H&S with a downside continuation once the right shoulder is finished. Would fit into the schedule of the first rate hike in march.
If spy opens up green for the week We may see it sitting around 442 helping ford bounce back too the 21-21.5 levels. We could also see spy keep falling into 430 levels being supported from the last 7 months taking ford back to the 20-19 range. If spy continues to fall past 430 ford will most likely break out the strong support it had from November to January....
SPY hit our Outside Month target this week and has yet to gain momentum to the upside. If bears can continue here we can drop to 427 next. We are nearing seller exhaustion and the broadening formation. For this week it can get choppy if we don’t break below 435. Id be looking for a sign of reversals around these level for a pullback before another dip down. Calls...
Netflix collapsed and touched its pre-covid crash peak. Looking at the FANGplus Complex as a group, there's cracks in the armor. Is Netflix a warning on what is yet to come? Do markets want to trade back down to their pre-covid crash peak? The weight of the evidence is certainly pointing towards a sizeable correction. Thoughts?