$SPY Technical Analysis [TA 5]

Описание: #Stocks #StockTrading #OptionsTrading #StockMarket #DayTrading

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Ticker: $SPY
Intervals: 1W, 1D, 1H
Indicators: Aroon, RSI, MA(200 & 50), ATR, NetVolume, News Catalysts
Signals: 1W Aroon Signal Bullish, NetVolume Overwhelmingly Bearish, Under 200 & 50 MA Bearish
Position: Short Term $244p 3/20 & Long Term $225p 4/3
Targets: Take most of your profit at 243 and let some of your calls ride when it dips under.

News: “Stock futures plunged Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. While the central bank’s actions may help ease the functioning of markets, many investors said they would ultimately want to see coronavirus cases peaking and falling in the U.S. before it was safe to take on risk and buy equities again.

Stock market futures hit “limit down” levels of 5% lower, a move made by the CME futures exchange to reduce panic in markets. No prices can trade below that threshold, only at higher prices than that down 5% limit.," (https://www.cnbc.com/2020/03/15/trade...)

TLDR; The fed cut rates to zero and futures still bombed.

Analysis: 1W and daily signals have not changed significantly since my last analysis. 1W & 1D aroon still giving sell signals. Net Volume is -1.5G signaling overwhelming bearish investor sentiment. Volumetric support/resistance plotting give weak support around $243 and almost no accumulation thereafter until $200

Chart Weekly: https://imgur.com/gallery/ksJM17f
Chart Daily: https://imgur.com/gallery/ksJM17f