*Not for financial advice. For educational purposes only*
$SPY has taken out the $378.43, we've been retesting the 9EMA, rejecting it and making lower lows each time. However, be careful heading into power hour. Please let me know if you have any questions, feedback is welcome as well. Cheers :champagne_glass: AMEX:SPY
Not financial advice. I am still bearish across the board to lower prices. I have not changed anything except my minor blue pattern from a symmetrical triangle to a rising wedge
In this video I break down the dollar chart. I quickly go through some fundamental data that's set to come out this week and at the end I give you some trade ideas I'm keeping an eye on. I hope you enjoy. Please feel free to add anything you'd like in the comments!
🔸️Ticker Symbol: SPY🔸️Timeframe: 4 Hour🔸️Investment Strategy: Short TECHNICAL ANALYSIS: SPY on the daily timeframe is suggesting we could see a further push to the downside. Money is currently flowing out of the market; we have a red sell signal illuminated and our middle band on the bottom dashboard is flashing red meaning bear market momentum. The first major...
What a day so far, back and forth with sellers & buyers. That means a lot of opportunity to benefit from Calls & Puts. Pay attention to the levels that I have drawn out on the 15-minute chart, I will make another video close to market close @ 4:00pm to show how strong my levels are. If you made some trades today share them with me guys, Good or Bad.
This movement we saw going in to Memorial Day Weekend doesn't give me confidence in the market reversing out of this corrective movement. There are many factors that make me think this is just a breather before we see more down trend. I will need to see more levels shattered before I see a clear uptrend. For now, I'm just playing the directional momentum, and...
Wassup people, I have another "Silent Build" here. A quick 3 min video on the movement of the market & to keep in mind always use your wicks or pivots as a price action guide. Always use your higher timeframes just as much as you use your lower timeframes. Taking a look at SPY's weekly chart, we see the COVID recovery from Mar-Aug. In Aug price stalled & went...
Bottom in? Or is there more downside? Post your comments here. Let's discuss.
AMEX:SPY SP:SPX whats up guys hope everyone is having a good week. was having some technical difficulties earlier this week so wasn't able to post any updates so I decided to do a bit of a deep dive into SPY and take a look at all time frames. primarily at the daily and weekly. for the SPY I believe we must hold 415 for us to see any type of reversal to the...
SPY is in a downtrend, and that is the path of least resistance (as Brian Shannon likes to say). My trade bias is still short, but as of the time of this video it looks likely that there is some support building intraday, and the market could go sideways or up to challenge resistance before continuing down. Targets are presented in the video.
TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you. Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my Day Trading of 6 years of Trading Volatile current market , examining market patterns ,...
TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you. Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my investing 6 years of Trading Volatile current market , examining market patterns , and...
I lay it out in the video, I just can't get behind longing at these levels. Spinning Top, Bearish Divergence (not discussed), Crazy run-ups. Time will tell. 1% Risk | 2:1 RR
There is a possibility we can see another dip on the $SPY today. We are coming out of a head and shoulders pattern I think many of us totally missed because of greed and feeling like this massive uptrend would never end. Well now it's time to focus and pay attention. What I didn't touch on in the video were the Fib levels or the neckline breakout and TP because I...
In this video I cover the S&P 500 using basic TA and price action!
Made this video to look at what I'm seeing in the market that has me a little on edge. Looking at the Weekly and Daily chart of the S&P. We can't continue to push the limits like we have for the past 5 years. Something has to give soon. The RSI is showing a broadening down trend for the past few years, with an uptrend support cutting through. This is creating a...