SPY continues the session at -3.66%, filling an intraday gap fill to the downside. Supply and Demand Zones identified as key levels for participant acceptance and/or rejection. VIX is at 30.29 and $ADD at -2283 at time of this post.
Quite a move up today with volume decreasing. Declining volume indicates lack of interest. There are just no two ways about it. If this index/ETF were in a triangle or a bull flag, you may expect this. But it is not. Maybe a bear flag forming but remains to be seen I am not saying this volume is astoundingly low. It just does not look like Volume matches Price...
I expected a smally rally. I will attach my previous idea. I excepted this rally back to the prior breakout point. Today and tomorrow will be important days, to look for the confirmation that the prior breakout point now serves as resistance AMEX:SPY
AMEX:SPY For a few days now I have been posting about a big drop that I expect. today I am again confirmed about that idea. As I said in previous ideas, is that we fell through the neckline of a huge Head and Shoulders Pattern. a few days ago we rose back to the previous breakout point, yesterday we tested that level and the neckline now so to speak serves as...
Sort of looking as this could form a rising wedge which is still bearish but could be support to lead us to retest 415. If we bounce here it could confirm this. For now speculation
I'm looking for a tiny bounce arround 388 and later go lower for the real one.
Using the two Fibonacci indicators it can be anticipated that the 20% pull back (0.618 from ALT) could be around 380 and touch around the 14 June 22
jumped in two contracts on spy puts , after fell from intraday new low looking to take profits at weekly level, didnt like the play anymore and walked out. with$11 haha, all in all no emotions when trading.
buildin base here after moronz get done with their mandated 401 gap fill. accumulation still sittin nicely around 430+. do thu June 8 405 CALLZ @ $8
SPY on hourly chart still within the downward channel, the only good signs are two up gaps providing some cushions. Hope they are not filled and Bull can break this downward channel.
SPY 18 May 2022 The current expected volatility is around 1.71% Based on a 85.3% chance, our asset is going to be compressed within the channel made from: TOP 415 BOT 401 At the same time yesterday, we had Jerome Powell on a hawkish attitude, so we can expect another bear rally in the near future. Based on all of this, at this very moment we can try as usual...
I'm publishing this one for me not you... enjoy it though... 💃🏻
$SPY Analysis, Key Levels & Targets So today filled part of this Bear Gap (GIANT RED ARROW)… So to move higher we have to fill it completely AND break above that downward (dark blue) trendline. So WHY am I bullish right now?? Well, the stock market can re-price risk very quickly. We saw 5 weeks of downward movement with some capitulation at the end there...
Expect a pullback to the VWAP resistance line before a rally
Hello Traders, -----------> (see picture below for better view) <---------- I just wanted to take a look with you on how Powell Appearances or Fed Minutes & Press conferences have affected price action. Above is a quick look at that and a very near-term prediction of SPY. Of course, Powell is a very well spoken man,...
Good morning friends, I'm seeing a good starting point for a SPY rebound movement and we have a good shoulder head shoulder pattern with potential to reach 415 if breaking the support on 410. We have until June 10th for the next CPI information which it might be interesting to close positions near those dates on some short term opportunities. Happy Investing, Leo!
If so they going to run it to 414/ 415 and then drop it on Thursday and Friday? That would make sense. No position unless they run today and Wednesday then I’ll do what makes sense and short it. I’ll be patient and wait for the all clear.