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Spyder

Rollercoaster Continues For SPYMy overall thesis is we are in the very early stages of a multi-year decline ultimately with the S&P 500 below 3500. I am estimating this symbol to be in wave position SuperCycle 2, Cycle A, Primary 1, Intermediate 3 (pink), Minor 3 (yellow), Minute 3 or 4 (green). I originally had this symbol nearly complete with Primary wave 1, but the continued declines received significant wave 3 of 3 signals (pink lines in bottom chart band). It is still unclear if we are in my theoretical larger decline or if we are in a simple corrective wave. It will take at least another two months to likely achieve the answer. Theory 1 is my hypothesis where we are about to finish Minor wave 3 in Intermediate wave 3 in Primary wave 1 in a multi-year market correction. This would see SPY bottom around 486 within two weeks and briefly head up toward 535 before continuing significant downward movement. Currently Intermediate wave 1 lasted 111 trading hours. Intermediate wave 3 is somewhat on pace to finish in the same amount of time around 17 April. Extensions based on Minor wave 1's movement could put Minor wave 3's bottom around 499. Theory 2 is that Intermediate waves 1, 2 and 3 (pink) are actually waves A, B, and C (white) in a short-term corrective wave. This would mean this symbol returns to all-time highs around the fall of 2025. Theory 3 places the stock in the third wave about to finish a wave A down over the next two months. Wave B up would last a few months before wave C takes the market to a bottom sometime around the end of 2025. All three theories will observe the same movement over the next few weeks with a low soon and then a bounce up. Theory 2 becomes the likely winner if SPY breaks above 576.33 within the next 3 months. Theories 1 and 3 will trade the same for quite some time. I will reevaluate this ETF once Minor wave 3 finishes. It should aid in providing a better bottom for Intermediate wave 3 in the next two weeks.
AMEX:SPYShort
by StockSignaler
Attempt To Make The Most Accurate Forecast In TV HistoryPurpose of this post: to make the most accurate near-term forecast in TradingView History - Expectation is that SPY trades along the BLACK arrow/path over the next couple days - Banking on a big gap up Monday 1/29/2024 Summary: * Initial Target = 492 by Tuesday Jan 30th ** Goal Target 494-495 by Wed. Jan 31st In order to avoid the need for anyone to post a slick comment about the lines on this chart (Ha Ha Ha) I'm posting my exact forecast (below). I use these lines to draw the forecast, they are systematic and necessary. Refer to the following: 1/26 9:30am EST - gap to 491 (it will hit 491 within the first 15 minutes of trading) 1/26 10:15am EST - drop to 489 1/26 10:30am EST - bounce to 490 1/26 11:30am EST pullback to 489.65 1/26 12:00pm EST - bounce to 490.91. From here we will see continuation higher to the following levels: 1/26 1:15pm EST - Hit initial target = 492 1/26 3:30pm EST - Hit Goal Target = 494 ~ 492 will hit 1/29 with high probability. If 494 doesn't hit yet on 1/29, it will hit on 1/30. SPY can extend slightly above 494-495 range to around 497, but there will be sellers in this range. After targets are hit this will pullback to test the gap level around 491 by 2/2/2024. I'll send an update at that point. I'm currently in the following calls that I bought before the bell Friday 12/16: Jan 29 490 calls (cost = 0.28) Jan 29 492 calls (cost = 0.07) Jan 30 492 calls (cost = 0.31) Jan 31 494 calls (cost = 0.45) After hitting initial target of 492 I'll be taking profits on half my total position. I'll take profits on the rest when this hits 494-495 (will keep a few calls open to see if it can wick 497).
AMEX:SPYLong
by JerryManders
63
$SPY on 1 hour Double Top$SPY on 1 hour Double Top "What Is a Double Top? A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs." I charted this yesterday for support and resistance and resistance broke as seen on the chart today. New levels I will be watching today are: 1st resistance: $396.50 1st support: $393.44 Please note potential reversal headed towards1st resistance of $396.50. Wait for confirmation. Not financial advice. What are your thoughts? Thanks, Kelly :)
AMEX:SPY
by angelbaetrades
3
$SPY on 1HR 12/21 Analysis$SPY on 1HR 12/21 Analysis For SPY i am expecting a morning pump. This pump could potentially run to the 50 day SMA on the hourly chart of $384.44 and retrace. As for pullback, looking at the stochastic, it shows there needs to be a pullback. It currently way too high imo. I expect the rest of the day for spy to be relatively red or a sideway if it consolidates there after. SPY: 1st Resistance: $382.56 1st Support: $378.19 What are your thoughts? Thanks, Kelly :)
AMEX:SPY
by angelbaetrades
2
$SPY on 1hour Pullback NOTE:QUAD WITCHING DAY$SPY on 1hour Pullback NOTE:QUAD WITCHING DAY Quadruple (Quad) Witching: The term quadruple witching refers to the simultaneous expiration four times a year of stock options, index futures , and index futures options derivatives contracts. The fourth type of contract involved in quadruple witching, single-stock futures , hasn't traded in the U.S. since 2020 and was never a major contributor to equity trading volumes Today is Quadruple witching day. My indicator shows a incoming downturn for SPY . "Quadruple witching day is a bearish day, quadruple witching week is bullish , and that the last hour of quadruple watching day is bearish ." What are your thoughts? Thanks, Kelly
AMEX:SPY
by angelbaetrades
SPYSPY is trying hard to go up as it bounces back from the support and has seen the 405 level twice. This area should be considered in high demand for now. Looking at the futures right now, they are already down -0.50%. Two more things to consider: 1. MACD is trying to cool off as well with RSI. 2. If we see a bounce back from here and break the downtrend, we might see a reversal, but if the 425-430 area gets destroyed. I'm going to play with calls tomorrow because on May 11, there might be a sell-off considering the CPI report.
AMEX:SPY
by UnknownUnicorn11669057
SPYToday, we saw a massive sell-off after yesterday's massive rally, but there was an enormous volume at the end of the 15 minutes of the trading session. I see two scenarios tomorrow. Scenario 1- we might see a dump at the beginning and then upward correction in which the spy will touch the 417-418 area and then back down again. Scenario 2- We might see a sideway trend as well. 417-418 area, then back down to 410-411 area. I'm bearish here because the pump didn't last even for a day and nobody bought the dip today. I'm looking for a 340-360 area to go long.
AMEX:SPYShort
by UnknownUnicorn11669057