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.
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Market doesn't buy this BS anymore.
I think today is sale the news event.
I think today is sale the news event.
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I may scalp long to 396
This 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
This 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
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SPY run up on no volume to its previous support, where .50 fib is from yesterdays drop. I am scalping short on qqq
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I am still looking at 390 as potential target
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nope, SPY broke the resistance and most likely will shoot higher to 400
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401-405 is target
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LOL
we are going to test 390 after all
we are going to test 390 after all
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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.
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the range for tomorrow is 390-400
I bet SPY will test 390 again, and if tech toped, we are going down
I bet SPY will test 390 again, and if tech toped, we are going down
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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
I would love to see that tomorrow, blow off top.
If thats the case , I am going with SOXS with confidence
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watch out for that wedge
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could play like this today
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SPY is fighting for 390, I expect another attempt to 392 and the fall to 388
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broke out of descending wedge and forming rising wedge
target 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
target 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
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My target was 396 for today, we almost got it, I am switching bearish again to 392
potential H&S, which may not play out
potential H&S, which may not play out
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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.
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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 up
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my target for May is 370
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short term bullish target is 403
longer term Bearish target is 392, 367
longer term Bearish target is 392, 367
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smaller timeframe
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For day traders
on 5min, it looks like bull flag.
SPY may top at 400 again
on 5min, it looks like bull flag.
SPY may top at 400 again
I don't recommend trading tomorrow, it can be very tricky.