5 most profitable SPY set-ups in the bull market

$SPDR S&P 500 ETF Trust(SPY)$ hit $575 that's 7% away from all time highs.

The year-end target is now $675+

Here's 5 most profitable set-ups in the bull market🧵

1 Double bottom

- This is the simpliest set-up to take and requires only patience.

- Wait for LOW OF DAY to be created

- Your entry is when this LOW is tested again

- Enter when you see buyers jump in

Image

2 Reversal of Downtrend

- As soon as you see the SPY direction is down after 30 minutes

- Draw the downtrend line

- As soon as it breaks then this is your ENTRY

- wait for buyers

Image

3 Pull back into support (retest)

- Wait until SPY breaks out over premarket high, or 5 min high or opening range.

- As soon as it comes back to retest this is your entry on 1min time frame.

Image

4 VWAP breakout

- VWAP is a powerful trading moving average for daytraders

- If you see it holds support or when it is broken on the upside

- These are good entries for scalps (not my favorite)

- Many traders watch these levels for entry

Image

5 Pattern Breakout

- The best patterns for trading bull markets are pennants and ascending triangle patterns

- If you can spot these especially when they are consolidating

- You'll see big breakout and follow throughs

Image

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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most profitable SPY set-ups in the bull market","html":"<html><head></head><body><p> <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a>  hit $575 that's 7% away from all time highs.</p><p>The year-end target is now $675+</p><p>Here's 5 most profitable set-ups in the bull market🧵 </p><h2 id=\"id_1101886662\">1 Double bottom</h2><p>- This is the simpliest set-up to take and requires only patience.</p><p>- Wait for LOW OF DAY to be created </p><p>- Your entry is when this LOW is tested again</p><p>- Enter when you see buyers jump in</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/7b46439bb147247b7ef6f871dcc2260e\" tg-width=\"631\" tg-height=\"504\"><span>Image</span></p><h2 id=\"id_2993803482\">2 Reversal of Downtrend</h2><p>- As soon as you see the SPY direction is down after 30 minutes</p><p>- Draw the downtrend line </p><p>- As soon as it breaks then this is your ENTRY</p><p>- wait for buyers</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/37b9f351b05fd39c918413081c4e994d\" tg-width=\"598\" tg-height=\"397\"><span>Image</span></p><h2 id=\"id_1788683471\">3 Pull back into support (retest)</h2><p>- Wait until SPY breaks out over  premarket high, or 5 min high or opening range.</p><p>- As soon as it comes back to retest this is your entry on 1min time frame.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/12e7f760e15337ed349691f7e7a15063\" tg-width=\"680\" tg-height=\"336\"><span>Image</span></p><h2 id=\"id_2709481797\">4 VWAP breakout</h2><p>- VWAP is a powerful trading moving average for daytraders</p><p>- If you see it holds support or when it is broken on the upside</p><p>- These are good entries for scalps (not my favorite)</p><p>- Many traders watch these levels for entry</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d42a526ea3d409168693bf14f2188ab1\" tg-width=\"680\" tg-height=\"479\"><span>Image</span></p><h2 id=\"id_1523807026\">5 Pattern Breakout</h2><p>- The best patterns for trading bull markets are pennants and ascending triangle patterns</p><p>- If you can spot these especially when they are consolidating</p><p>- You'll see big breakout and follow throughs </p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/13fef3b7067e8e96f3f986e2e0a7a7b2\" tg-width=\"680\" tg-height=\"452\"><span>Image</span></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><h2 id=\"id_1557363936\"> </h2><p></p><p></p><p></p><p></p><p></p><p></p><p></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a>  hit $575 that's 7% away from all time highs.</p><p>The year-end target is now $675+</p><p>Here's 5 most profitable set-ups in the bull market🧵 </p><h2 id=\"id_1101886662\">1 Double bottom</h2><p>- This is the simpliest set-up to take and requires only patience.</p><p>- Wait for LOW OF DAY to be created </p><p>- Your entry is when this LOW is tested again</p><p>- Enter when you see buyers jump in</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/7b46439bb147247b7ef6f871dcc2260e\" tg-width=\"631\" tg-height=\"504\"><span>Image</span></p><h2 id=\"id_2993803482\">2 Reversal of Downtrend</h2><p>- As soon as you see the SPY direction is down after 30 minutes</p><p>- Draw the downtrend line </p><p>- As soon as it breaks then this is your ENTRY</p><p>- wait for buyers</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/37b9f351b05fd39c918413081c4e994d\" tg-width=\"598\" tg-height=\"397\"><span>Image</span></p><h2 id=\"id_1788683471\">3 Pull back into support (retest)</h2><p>- Wait until SPY breaks out over  premarket high, or 5 min high or opening range.</p><p>- As soon as it comes back to retest this is your entry on 1min time frame.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/12e7f760e15337ed349691f7e7a15063\" tg-width=\"680\" tg-height=\"336\"><span>Image</span></p><h2 id=\"id_2709481797\">4 VWAP breakout</h2><p>- VWAP is a powerful trading moving average for daytraders</p><p>- If you see it holds support or when it is broken on the upside</p><p>- These are good entries for scalps (not my favorite)</p><p>- Many traders watch these levels for entry</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d42a526ea3d409168693bf14f2188ab1\" tg-width=\"680\" tg-height=\"479\"><span>Image</span></p><h2 id=\"id_1523807026\">5 Pattern Breakout</h2><p>- The best patterns for trading bull markets are pennants and ascending triangle patterns</p><p>- If you can spot these especially when they are consolidating</p><p>- You'll see big breakout and follow throughs </p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/13fef3b7067e8e96f3f986e2e0a7a7b2\" tg-width=\"680\" tg-height=\"452\"><span>Image</span></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><h2 id=\"id_1557363936\"> </h2><p></p><p></p><p></p><p></p><p></p><p></p><p></p></body></html>","text":"$SPDR S&P 500 ETF Trust(SPY)$ hit $575 that's 7% away from all time highs. The year-end target is now $675+ Here's 5 most profitable set-ups in the bull market🧵 1 Double bottom - This is the simpliest set-up to take and requires only patience. - Wait for LOW OF DAY to be created - Your entry is when this LOW is tested again - Enter when you see buyers jump in Image 2 Reversal of Downtrend - As soon as you see the SPY direction is down after 30 minutes - Draw the downtrend line - As soon as it breaks then this is your ENTRY - wait for buyers Image 3 Pull back into support (retest) - Wait until SPY breaks out over premarket high, or 5 min high or opening range. - As soon as it comes back to retest this is your entry on 1min time frame. Image 4 VWAP breakout - VWAP is a powerful trading moving average for daytraders - If you see it holds support or when it is broken on the upside - These are good entries for scalps (not my favorite) - Many traders watch these levels for entry Image 5 Pattern Breakout - The best patterns for trading bull markets are pennants and ascending triangle patterns - If you can spot these especially when they are consolidating - You'll see big breakout and follow throughs Image","highlighted":1,"essential":1,"paper":2,"likeSize":253,"commentSize":0,"repostSize":18,"favoriteSize":0,"link":"https://ttm.financial/post/417427944243640","repostId":0,"isVote":1,"tweetType":1,"viewCount":1253,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SPY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":984,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/417427944243640"}