$SPDR S&P 500 ETF Trust(SPY)$

📈 $SPY Temporary Pause!

• Bulls took some rest today once the trendline broke lower with the pressure coming in from chips and money rotating into Small caps.

• If 580 is not reclaimed early tomorrow SPY can drop down to 577 and under we have 575.

• 575 is a good buy the dip level on SPY and I do not see anything under at the moment for OPEX week.

• Bearish engulfing on the daily. Not a good sign.

• $QQQ ISLAND BOTTOM has been dismantled by the bears. Expecting a bounce off it tomorrow.

FLOW UPDATE: $NVDA calls were picked up last few mins into close. $NVDA puts were active at the start of the day with bearish headlines hitting the wire. $AAPL calls ran hard and saw the 235C being rolled up to higher strikes. $COIN remained strong with Bitcoin Strength.

Modified in.2024-10-16

Take Profit as S&P Hits 5800 or Hold Till 6000?

As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur. ---------------- Will S&P 500 hit 6000 by year-end as institutions predict? Would you take profit and stay cautious ahead or hold till the year-end?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Not a good sign.\n• $QQQ ISLAND BOTTOM has been dismantled by the bears. Expecting a bounce off it tomorrow.\nFLOW UPDATE: $NVDA calls were picked up last few mins into close. $NVDA puts were active at the start of the day with bearish headlines hitting the wire. $AAPL calls ran hard and saw the 235C being rolled up to higher strikes. $COIN remained strong with Bitcoin Strength.\n<img src=\"https://community-static.tradeup.com/news/bd29e4d643063275e77dba1a7cf0c060\" tg-width=\"870\" tg-height=\"378\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a>&nbsp;\n \n📈 $SPY Temporary Pause!\n• Bulls took some rest today once the trendline broke lower with the pressure coming in from chips and money rotating into Small caps.\n• If 580 is not reclaimed early tomorrow SPY can drop down to 577 and under we have 575.\n• 575 is a good buy the dip level on SPY and I do not see anything under at the moment for OPEX week.\n• Bearish engulfing on the daily. Not a good sign.\n• $QQQ ISLAND BOTTOM has been dismantled by the bears. Expecting a bounce off it tomorrow.\nFLOW UPDATE: $NVDA calls were picked up last few mins into close. $NVDA puts were active at the start of the day with bearish headlines hitting the wire. $AAPL calls ran hard and saw the 235C being rolled up to higher strikes. $COIN remained strong with Bitcoin Strength.\n<img src=\"https://community-static.tradeup.com/news/bd29e4d643063275e77dba1a7cf0c060\" tg-width=\"870\" tg-height=\"378\"></body></html>","text":"$SPDR S&P 500 ETF Trust(SPY)$ $Apple(AAPL)$ $NVIDIA Corp(NVDA)$ $Coinbase Global, Inc.(COIN)$ 📈 $SPY Temporary Pause! • Bulls took some rest today once the trendline broke lower with the pressure coming in from chips and money rotating into Small caps. • If 580 is not reclaimed early tomorrow SPY can drop down to 577 and under we have 575. • 575 is a good buy the dip level on SPY and I do not see anything under at the moment for OPEX week. • Bearish engulfing on the daily. Not a good sign. • $QQQ ISLAND BOTTOM has been dismantled by the bears. Expecting a bounce off it tomorrow. 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