NYSE:SPG has been in an uptrend since Oct. 2023, and is approaching a red resistance zone. I think there is likely to be resistance ahead, and I would look for an options puts trade setup.
This video is more of a tutorial on why I took a short trade on SPG today. We fell out of our strong buying continuation channels with a rejection of HTF tapered channels and selling channels. Confirmation was the support from our more tapered buying algo and rejected of the bottom of our stronger buying algo (in addition to it lining up with our strong magenta...
Simon Property Group has formed a Bearish Harami on the weekly at the PCZ of a Bearish Deep Gartley and Bearish Deep Crab, the PCZs happen to align with weekly Horizontal Resistance and may now lead to SPG making its way down to a 0.886 Retrace as the REITs continue down due to rising yields.
Simon Property Group is going to close the month below a Bear Flag as the RSI breaks down and the MACD crosses bearishly.
If this Bear Flag plays out, it will begin to push SPG below the B point of this potential harmonic BAMM, which would only complete once SPG reaches the 0.886 at around the $47.30 level. SPG is simply yet another REITs play that I will be on...
The PEAD projected a bearish outlook for $SPG after a negative over reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
The latest trend up is traveling in a large Rising Wedge.
The pattern is not valid until the bottom line is broken. Neutral until the bearish rising wedge is broken.
Price is sitting above a rectangle and resting on the top trendline which is now support.
Some would measure the width of the rectangle and project is up and down from the 2 trendlines that bind...
The PEAD projected a Bullish outlook for $SPG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
“This is the paradox of public space: even if everyone knows an unpleasant fact, saying it in public changes everything. One of the first measures taken by the new Bolshevik government in 1918 was to make public the entire corpus of tsarist secret diplomacy, all the secret agreements, the secret clauses of public agreements etc. There too the target was the entire...
Major Inv C and H on Daily has formed...
The price is having some type of recovery before the price continues down.
It's a conservative entry to enter when the price is below the brim level.
This will confirm the downside to come to around $51.00
Also with Moving Averages - 200 > 21 > 7
Bearish
Target $51.00
The PEAD projected a Bullish outlook for $SPG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 70%.
Second post about a double bottom for SPG
This time I have made the double bottom horizontally aligned
Below is my first post for SPG suggesting a double bottom
The chart is very clear - please follow the instructions on the chart
The chart is very clear - please follow the instructions on the chart
The chart is very clear - please follow the instructions on the chart
The chart is very clear - please follow the instructions on the chart
The chart is very clear - please follow the instructions on the chart
The chart is...
The PEAD projected a Bullish outlook for $SPG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
I expect price to form a double bottom from where it is now, continuing the up channel that can be drawn
I prior double bottom can be seen, which led to bullish results
Price is below the neckline. Look in the rear view mirror as there is a gap that supported price on the last leg down. There is also a small gap not far beneath price and another gap around 83ish where price gapped down after the covid launch )o:.
There is also a Rising Wedge in this chart that still has not been broken and SPF has broken quite a few so far. ...
The PEAD projected a Bearish outlook for $SPG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
