Spy500
Fear and Greed indicators for SPX broader market - Crash 2021?Looks like the indicators are pointing very much downward.
During the last five trading days, volume in put options has lagged volume in call options by 38.17%, among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors.
Bonds have outperformed stocks by 4.09 percentage points during the last 20 trading days. This is close to the weakest performance for stocks relative to bonds in the past two years
During the last month, approximately 14.93% more of each day's volume has traded in declining issues than in advancing issues
Only junk bonds are not following the fear trend... yet?
S&P 500 and BitcoinThe S&P 500 will likely bounce off current support next week based on previous price behavior. Since Bitcoin price action seems to be correlated to S&P 500 price action lately, that would be bullish for Bitcoin.
The Trend is your friend. Friday going to be fun.The last hour will see if we hit the trendline either today or tomorrow. The last test showed a false breakout and even a false breakdown on the lower trendline. Good Luck!
$SPY Pull back - Bearish Winter?Out look on $SPY. Could this be the beginning of a Bearish Winter?
Not financial advice!
SPY AnalysisThe Middle Gann line is of interest in this case
I propose an ascending broadening wedge to form above the middle Gann line
This is shown by the bars pattern placed
The 50MA is an area of support
The above idea can be applied to this ticker
It seems far fetched but when COVID is compared to other drops in the market, COVID outweighs them all, yet we receive the smallest bear move
Troubling
SPX Breaking above measured move.SPX breaking out above measured move. Market overshot on the downside, its possible we overshoot on the upside. Targeting 5100 March/April 2022
SPY - Break to downside? Gap up? or More the same?i added these little short term lines yesterday.
(Basically the range) its touching the diagonal line i put up.
i think we stay the same today. and going back to open price.
and either break up Monday or Tuesday. or Fall hard.
im more feeling the upside in the coming week.
esp if the dollar dips!
this is for progress keeping purposes only not advice.
happy weekend! Trade wise.
SPY (S&P500 ETF) - Trend, Support, Resistance - 11/2021SPY index ETF price has been in an uptrend & ascending channel throughout 2021.
Price is currently testing the upper resistance trendline (~$470).
Bearish Scenario: Price falls down below $466 to $460.
Bullish Scenario: Price breaks up above $470 to $480.
Support(s): $466, $464, $460, $455, $452, $448, $446.
Resistance(s): $470, $472, $476, $481, $485, $488, $494.
Note: Q3 2021 Earnings Season will end after mid-November.
#ES_F - Sellers Coming in Yet?
Judging by yerterday's failure to make any new highs, sellers might just be coming in today. If market is trading below level which was defended yesterday, we might just see further liquidation.
I am not 100% short at this time because the buying volume over the past few weeks have been quite 'healthy' but it is getting too over extended since the lows of October.
It is the FED day The markets are likely to choose a directional price path after the announcement and press conference that will wrap up around 3 PM Eastern.
While the market is pricing in hiking, it’s not actually pricing in tightening. Or to put it another way, it’s not pricing in the kind of move that would meaningfully slow down growth or inflation.
Aspen Trading S/R levels are showing resistance @ 4,628.25 and we should wait for the market direction after FED announcement. Overall, SPX500 looks really good for a bullish move to the upside.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
SPY Major Downside Into NovemberExpecting a Y leg downwards within a WXY complex correction structure. This will create around a 6-8% drop in the S&P500 over the next month or so. The drop will likely take the form of a three-legged correction (internal WXY subdivision) which will end with a large acceleration downwards.
SPY looking bullish-swing playSPY is looking bullish. First PT $447 and second PT $There is a lot of strength on DTF
Spy upside and downsideSPY, if breaks pink evolving structure to the upside could test 448. But, if it break blue correction and continues down could test 427.
S&P 500 wave forecast till end of runSo turning a few corners here, but the confluence is there as described on the chart
It seems we follow the fibs in the pitchfork seen
Target 5400 in april
Monday Trading Plan for SPXIf we bounce off 4365 - will go up to 4430 and if break above - 4600
If we do not hold - will go down to 4280 and if do not hold than 4100-4200 range
I want to see the downside but the market doesnt care about what I want
1 Trillion Leaving total Crypto market (Bitcoin) $btc1 trillion dollars in my analysis will be leaving the Bitcoin market, over the next 2yrs til the Apex is breached and we load up on C wave
Short Bitcoin, Long Alts
I will load up on #dogecoin for super cheap prices
Bitcoin target $35k, then $15k which confirms my analysis of money leaving the market in large volumes. mainly bitcoin
Bear Pennat in SPYSeems like a bear pennant is forming.
Further market direction depends on the side that we break out of.
I am sour so i want to see a solid move down from these levels.
However, very aggressive buying is going on today.
Loaded SQQQ, SPXS, UVXY, SDOW and a some puts. Either getting paid or getting my ass handed to me.
VIX toppedAs per usual, I see breakout from the recent VIX spike we are retracing and providing liquidity to the market. I see VIX going to sub 20 next week and should be back to teens.
Short VIX and/or Long S&P is the play here
SPY Bullish CaseWe all know what they do best - print like there is no tomorrow.
If 430 level hold and is bought, we will get out rally. Every guru and their subs are long to their teeth. There is cash on the sidelines. If that cash sees this as a double bottom buy the dip opportunity - to the moon we go.
If this dip is not bought, look out below.
2hr shows a death cross (when 50MA crosses 200MA), 3hr is approaching a cross. 4 hr looks like a double bottom. Daily we are sitting pretty on 50MA. Short term time frames dont matter as much as long term timeframes. I am still eyeing 410-420 level but will change my mind if I see aggressive buying action today.
At the end of the day, you are the one clicking buttons and making decisions for yourself. Today will not matter so stop trading and pick long term strategies, use intraday activity to help your conviction.
SPYWould be nice to get a drop to 410-420 for a nice buy the dip opportunity into the year end
365 would definitely be a gift.
180 in 2023? Jk (not)
We will see what Powell and Yellowstein has in store for us.
There are a million reasons to be bullish and a million reasons to be bearish. You pick the side you want to be on. I am 60/40 but may change my mind in the next 5 mins. You are welcome to do the same.
