As we know we have been in a down trend. Ended the year and started new year with a bang and than literally a BANG! First few weeks of the year had some people shook. It has been in a down trend since and continues down its channel pretty clean. not perfect I think we need to fill that 400 gap before we see highs again. With inflation, war and everything going...
$SPY 1HR GAP FILL to the downside CPI meeting on 3/10. I think it's going to fill tomorrow IMO. What are your thoughts? Thanks, Kelly
$SPY has been trending down for the few weeks now and it gets worst as the geopolitical affects the market. as you can see, SPY is bout to approach its support level and where it bounce recently after hitting the support level. but this time is a bit different from previous bounce since market is highly affected with the shortage in commodities specially with...
Buckle up, this is a long post that lays out exactly what is happening in the current bear market. If you are interested in understanding bear markets from a mathematical standpoint, then continue reading! I see a lot of confusion from traders and even finance professionals about bear markets and the current market selling we are experiencing. Many traders and...
I am expecting a breakout of this falling wedge in the coming day/days and also the gap @ 435 to fill ,
Below 415 410-412 possible very fast, very big key level there, do i hear 385-395 next week? idk.... would not be long right now, just zoom out on any daily chart, could change if news gets more positive but doubt it, who knows tho #daytrading #options #optionstrading #stockmarket
But this looks like some kind of 10 yr distribution scheme. Highly unlikely i suppose. but this would line up with some crash/recession everyone is talking about. a MACRO phase C D n E ...would be like a 1 or 2 year down trend. lol war ... fed hikes.... inflation... just the beginning. Im just playing around with the charts but even if you zoom in on like the...
My Spy levels for week of March 8th. Levels s/r levels indicted in red. Daily time frame. Note, the ADX/DI levels. ADX above 25, bear trend is strong!
This chart just shows which lower levels are being tested by institutions
There is a bearish triangle in the play. It suggests a 8.4% move to $375 area. MACD D and double RSI (50 and 14) are confirming the downtrend. I think it will happen by end of March. PS. Not a trading advice nor I am a financial advisor.
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I am inventing a new term for January-March I will call it a Bi-Polar 3 black crows. The usual black crows have a large body and small wicks. The bodies on these candles are mostly within bounds to be considered black crows and are fairly large, but the wicks are massive towards the downside. One would normally consider a large wick to be a slightly bullish...
-Not much left to say fundamentally, but technically, H&S looks pretty bearish! -Probably you have noticed that each bounce is getting weaker and weaker than the previous one. -Call spreads all the way on this guy.
small bounce here and continued dip towards friday is possible and maybe even probable. But just for full disclosure, I day trade/ intra day trade and despite medium term support around today's price levels, I'm out to cash already and looking to tomorrow. So if you're long because you think you're following me, the risk/reward outlook right now for me is too muddy.
At least in the short term I think the market just signaled a bottom. America and the world order have fired all their bullets and the situation in ukraine can only get better. With the imposition of oil bans, there are no more steps western powers are prepared to take and prices of things can start stabilizing and uncertainty can take its cloud elsewhere. There...
Yes, with all the pun intended! This Shark short has a target of 415 area. Let'er work!
I am bullish for at least a bounce to retest all time highs with buys in the purple box. The amount of world headlines that have absolutely tried to pummel the market is astonishing. War, inflation, Interest rate rises, supply chain issues, etc and here we are less than 15% from all time highs. There is bullishness in the indicators, with divergences in MACD and...
Expecting SPY to hit ~$400 range by early next week and there should be quick relief rally to ~420. Post that it should either go up or down. I am anticipating more downfall. Let's see.