I want to make money

Screening Filters

1. Name = SPY

   • Purpose: Focus the screen on the S&P 500 ETF specifically.
   • Rationale: The user explicitly said, “I want to make money with SPY,” so this is the most direct way to narrow the search to the exact instrument they want to trade.

2. Themes = Large Cap, S&P 500, Broad Market

   • Purpose: Keep the screen aligned with SPY’s market exposure.
   • Rationale: SPY tracks the S&P 500, which is composed of large-cap U.S. stocks and represents the broad market. These themes ensure the screen stays consistent with SPY’s structure and behavior.

3. RSI category = Moderate

   • Purpose: Look for a momentum state that is neither extremely overbought nor oversold.
   • Rationale: A moderate RSI often suggests the ETF has room to continue moving without being stretched too far. For a user trying to make money with SPY, this helps identify conditions where the move may still have follow-through, while avoiding overheated entries.

4. Moving average relationship = PriceAboveMA20

   • Purpose: Find situations where SPY is trading above its short-term trend.
   • Rationale: Trading above the 20-day moving average often indicates short-term bullish momentum. This is useful if the goal is to participate in upward movement rather than catching a falling market.

5. Price > EMA 20

   • Purpose: Confirm short-term bullish trend strength.
   • Rationale: This reinforces the idea that SPY’s current price is above a key short-term trend indicator, which is commonly used to support trend-following or momentum-based entries.

6. Price > EMA 60

   • Purpose: Confirm that SPY is also above a medium-term trend level.
   • Rationale: Being above the 60-day EMA suggests the ETF is not only strong in the short term but also has broader medium-term support. That makes the setup more constructive for a bullish trade.

7. Support/Resistance relationship = PriceAroundResistance, PriceBreakResistance

   • Purpose: Focus on breakout or near-breakout conditions.
   • Rationale: If the user wants to “make money,” breakout setups are often attractive because they can precede stronger upward moves. Price near resistance or breaking resistance suggests SPY may be entering a continuation phase if momentum persists.

8. Month price change % > 0

   • Purpose: Ensure the recent monthly trend is positive.
   • Rationale: A positive monthly change confirms that SPY has been advancing over the past month, which supports the idea that the market has bullish momentum rather than being in a weakening phase.

Why Results Match:

• The screen is tightly focused on SPY itself, which matches the user’s exact request.
• The filters favor bullish trend conditions: price above short- and medium-term moving averages, positive monthly performance, and momentum that is not excessively overextended.
• The resistance filters look for breakout potential, which is often where traders try to capture gains in a strong ETF like SPY.
• The overall setup is designed to find favorable entry conditions for SPY, not just any market state, making it appropriate for someone trying to profit from SPY.