I expected this move tomorrow, but hey, market seams to price in good news and landed in my target box (399) 400 on US500
Although I expect the rug to be pulled, I am looking at two option:
Bullish
Break of 400 will take us to 405, then back test to 400 and up to 405, 416, 426
Bearish:
390, 382, 379, 366
SPY bear volume is still very high, the move today was on smaller volume, so I think we are going down, but time will tell.
In case we break 400, I'll enter long on back test, we are overbought.
Although I expect the rug to be pulled, I am looking at two option:
Bullish
Break of 400 will take us to 405, then back test to 400 and up to 405, 416, 426
Bearish:
390, 382, 379, 366
SPY bear volume is still very high, the move today was on smaller volume, so I think we are going down, but time will tell.
In case we break 400, I'll enter long on back test, we are overbought.
Nota
Vix has gone down significantly, I hope for it stay in the channel, but it didn't, so I didn't enter position and I will wait for tomorrow JP bs.I don't recommend trading tomorrow, it can be very tricky.
Nota
Market doesn't buy this BS anymore.I think today is sale the news event.
Nota
Nota
Nota
I may scalp long to 396This would make proper bear flag, where SPY would land on its support 390.
Tech is still pushing everything up, so hopefully AI mania will stop.
going to take profit in the morning and see how it goes.
VIX gave yesterday's gains, so not sure which way we may go
Nota
Nota
SPY run up on no volume to its previous support, where .50 fib is from yesterdays drop. I am scalping short on qqqNota
I am still looking at 390 as potential targetNota
nope, SPY broke the resistance and most likely will shoot higher to 400Nota
401-405 is targetNota
LOLwe are going to test 390 after all
Nota
so 390 was reached, confusing day, bounce for SPY had no logical explanation, I played it by the book then switch to BTC as it made more sense.Nota
the range for tomorrow is 390-400I bet SPY will test 390 again, and if tech toped, we are going down
Nota
NVDA has another 5% to make a double top.I would love to see that tomorrow, blow off top.
If thats the case , I am going with SOXS with confidence
Nota
watch out for that wedgeNota
could play like this todayNota
SPY is fighting for 390, I expect another attempt to 392 and the fall to 388Nota
broke out of descending wedge and forming rising wedgetarget 396 then down.
tomorrow is unknown, but since it may form reverse H&S we may go up
390 is the key.
Next week I expect another low
Nota
My target was 396 for today, we almost got it, I am switching bearish again to 392potential H&S, which may not play out
Nota
Nota
I don't care if it goes few point up, I am staying bearish since friday and I am looking at 200 ema on weekly as a potential support.Nota
what drives SPY is rebound on banks that were oversold, it comes unfortunately at the same time as tech sector started consolidation, so money move from place to another holding this piggy upNota
my target for May is 370Nota
short term bullish target is 403longer term Bearish target is 392, 367
Nota
smaller timeframeNota
For day traderson 5min, it looks like bull flag.
SPY may top at 400 again
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.