Very important to keep eye on the $VIX. So far today we have a HUGE reversal AND a possible Bearish Engulfing. SP:SPX AMEX:SPY #SPX #SPY #VIX #stocks #StockMarket
Pair : SPX500 Index Description : Bearish Channel Pattern as an Correction in Long Time Frame and Rejection from Lower Trend Line and Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Completed " ABC " Correction. Entry Precautions : Wait until it Complete its Retest and Rejects
CBOE:SPX chart is quite INTERESTING. We can see the obvious short term downtrend. We're currently at the bottom part of the GAP. Volume has been a lil lighter, holiday is likely the reason. RSI broke the downtrend it was in Maintained the longer term 2022 low up trend. Can AMEX:SPY reach the top part of the current downtrend? AMEX:SPXS AMEX:SPXL...
SPx500 if it falls above 4265 in this direction will rise to 4288 then 4312 then 4334 but if it is below 4265 the direction will go down 4219 , 4197 then 4177 Pivot Price: 4265 Resistance prices: 4288 & 4312 & 4334 Support prices: 4219 & 4197 & 4177 The expected trading range for today is between 4219 and 4288 timeframe:4
SP:SPX chart we've been showing for a while now. 1 major edit, moved the top arrows a bit to the right. The major difference now is that AMEX:SPY is WEAKER.
Posting the SP:SPX chart again. Edits: Added the yellow circles. Added new blue dotted line. IMO there's a good chance we could see something like what happened late 2021 to early 2022. We'll likely get some volatility here. Weekly RSI looks in the same area. AMEX:SPY AMEX:SPXL AMEX:SPXS
GOOD MORNING! The 10 largest companies in CBOE:SPX = about 35% They have an average P/E of 50 Kind of scary FYI TVC:DJI joins the Head & Shoulder party As data comes in we readjust #SPX #SPY #DIA #DJI #stocks #indices
This is the 3x Leveraged ETF for the SPY, and at the moment we have a 3 Line Strike with a PPO Confirmation Arrow at the HOP level of a Bearish Deep Crab with Bearish RSI Divergence. If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100% or even more.
Pair : SPX500 Index Description : Bullish Channel in Long Time Frame and Rejecting from the Upper Trend Line Completing its " 3rd " Impulsive Wave. We have Break of Structure and Making its Retracement in Corrective Waves " ABC " . Possible Rejection from Fibonacci Level 61.80% or Previous Resistance
spy is trading in a giant descending correction mostly these break upside from previous patterns but you should know this game by now, high probability trade idea here for next week !!!!
Pair : SPX500 Index Description : Bullish Channel in STF and LTF as an Corrective Pattern EXP FIAT Daily Resistance Level Divergence Break of Structure Completed "12345 " Impulsive Wave
the two major points are marked for short as yellow lines for SPX big reversal , i expect a major pullback from all of this area for SPX here
TQQQ Trade example SQQQ SPXS SPXL SOXL SOXS YINN YANG
The SPX looks like it is ready to give us a moderate pullback so I will be playing this via multi-week call options on this 3x-Short SPX Bear ETF
Pair : SPX500 Index Description : Rising Wedge as an Correction in Long Time Frame Consolidation Phase S / R Level Bullish Channel Break of Structure RSI - Divergence