SPY Topping: Circle Theory?Been trying circular "TA" on a few different stocks, and trying out this pattern I started using and seeing results from w/ GME. Seen here using GME: by ShaneLund1
How my chart look, using (S)&(R) with OrbFib. Open~Close.When Market open: 1) wait 5min close to draw Orb Fibonacci(0%,0.5%1.0%,1.5%,2%) wait 15min to close to draw Orb Fib. 2) Keep looks for (S) anf (R) to draw after 5min&15min candles close. 3)use (Support)&(Resistance) from your "drawing" and (Support)&(Resistance) from "Orb Fib" levels to CALCULATE your Risk to decide where is to enter trade. Sniping tips: Entry signal look for (S) or (R) pullback rejection by bouncing the level of (S)/(R), Reason is bc it show solid respect to that specific (S) or (R).ITo me it's an area that Price is not ready to break over/under yet. That will allow you time use that current new (S)/(R) rejection entry to aim that prev (S)/(R)! and Possibly break out of that too, just make sure you are following the bigger picture trend!Educationby FIBivanSPY1
SPY/QQQ Plan Your Trade Update For 10-29 : Ripper Apex BreakoutThis short video highlights the Apex Volatility breakout in the SPY today and shows the ripper rally in Gold & Bitcoin. If you've been following my research, you already know I called these moves many days ago. If you are new to my videos, this is an excellent way for you to see what I do, learn from my videos, and attempt to see now my research fits into your trading style. My single goal is to make you a better trader - and I hope I'm doing that with all the content I provide. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long09:44by BradMatheny4411
SPY WAVE 4 low is in place wave 5 target 593I have now moved to 75 % long dec 565 calls target for wave 5 min 592.5 and as high as 600 see chart as we just hit target in the 10 yr to the tick we are at the trend line and put/call is very high a good long here best of trades WAVETIMER by wavetimer3
SPY Technical Analysis on October 29, 20241. Chart Patterns and Price Action: Descending Triangle: SPY is forming a descending triangle pattern with lower highs, which typically suggests bearish pressure. A break below the triangle support could indicate a bearish continuation. Downtrend: The chart shows lower highs and lower lows, confirming a short-term downtrend. 2. Support and Resistance Levels: Immediate Resistance Levels: 579.80 - 582.98: This zone represents a resistance cluster, where SPY has faced selling pressure in previous sessions. 584.44 - 585.39: If SPY breaks above the immediate resistance, this higher level may act as another cap. Support Levels: 577.61: Immediate support, where SPY might find buyers if it dips early in the session. 574.41: A key support level; a break below this could indicate increased selling pressure. 3. MACD and Volume Analysis: MACD: Currently showing minor divergence near the zero line, signaling potential indecision. Watch for a clear crossover to gauge momentum. Volume: Volume spikes align with sharp moves. The last session’s volume decrease suggests a possible consolidation before a decisive move. 4. Scalping Strategy for Today: Entry Points: Long Entry: Around 577.61 if it shows a strong bounce with volume. Confirm price action for a reversal before entering. Short Entry: Below 574.41 if it breaks with high volume, targeting lower levels or trailing the stop. Exit Points: Long Exit: Near 579.80 - 582.98 resistance zone. Short Exit: Consider taking profits near 574.41 or lower if momentum continues. Stop-Loss: Place stop-loss slightly below 577.61 for long positions and above 579.80 for short positions. 5. Swing Trade Analysis: Directional Bias at Open: Likely a bearish open if it remains below 577.61. A test of this support zone may lead to a bounce if buyers step in, but a failure here suggests further downside. Intraday Movement: If SPY breaks above 579.80, a rally toward 582.98 could be in play, offering a short-term bullish setup. Below 574.41, downside continuation with 570 as a possible intraday target. Close Expectations: Potential bearish close if it fails to reclaim 579.80. A break below 574.41 could indicate bearish continuation for the following days. 6. Key Levels Summary: Support Zones: 577.61, 574.41 Resistance Zones: 579.80, 582.98, 584.44-585.39 Disclaimer: This analysis is for informational purposes only and not financial advice. Trading involves risk, and past performance is not indicative of future results. Always do your own research and consider consulting a financial advisor.by BullBearInsights225
$SPY Analysis, Key Levels & Targets for 10.29.24AMEX:SPY Analysis, Key Levels & Targets for 10.29.24 Alright, y’all…. So I am still sick so no videos until this get’s cleared up. But here is the chart for today. I feel good enough to maybe trade today but still kind of Meh… LOL…. I don’t get sick often and MAN this stinks. Previous support (580) is right at the bottom of the gap we opened yesterday 35EMA is still above the 30min 200MA. ATH’s are at the top of the implied move for tomorrow. Under 580 the next support is 575 and a 1hr 200MA coming up as well. Honestly looks fun!! by SPYder_QQQueen_Trading111
Weekly Options: Range Bound and Prepped for Both Up or DownAMEX:SPY AMEX:SPY is currently consolidating between a key support level and long-term trend support, hovering in the $580.90 - $583.60 range. The market's short-sighted focus on upcoming major tech earnings and elections has kept price movement tight. We’re positioned at a crucial point that could either send AMEX:SPY surging to new all-time highs or testing the daily 21 EMA for support. While our bias leans bullish, the downside trade presents a hedge opportunity, especially valuable for tech-heavy portfolios. Our Weekly Options 💡: 📉 $577 PUT 11/6 Entry: Confirmed 15-30 minute close under $580.90 with a retest rejection 🎯: $578, $576, $574.73 📈 $582 CALL 11/6 (Consider Call Debit Spread to lower cost: $584 STO | $582 BTO) Entry: Confirmed 15-30 minute close over $580.90 and trend support 🎯: $582, $583.60 Stay prepared for a potential breakout or breakdown with these setups, and let the chart confirm the direction.by PennyBois1
SPY - Still Bullish?AMEX:SPY - SPDR S&P 500 ETF - just keeps moving up. Price is about 10% away from price target #3 of $623. Price has been moving as if an algorithm is controlling it. When it hits the topside trend line it seem to drop down to the 100 day EMA(blue line). Then it pushes back up. This is one to watch!Longby PortfolioBuildersClubUpdated 0
SPY/QQQ Plan Your Trade For 10-29 : Gap Defender PatternToday's SPY Cycle Pattern is a Gap Defender in Counter Trend mode. Even though I forgot to show you the pattern page in this video, today's video suggests the SPY will attempt to protect and defend yesterday's opening gap price range - possibly attempting to move a bit higher as I predicted. With Bitcoin rallying away from the consolidation range, I see this as a "move to hedge against fear". I believe Gold and Silver could make a strong move higher as this hedging moves across all fear-base hedge assets. Additionally, both presidential candidates support renewed legislation for Bitcoin & Cryptos in the US - so either way I believe the digital currency world is ready for US involvement. Right now, I see the markets as trying to make a "last gasp effort" at a rally into Wednesday. Then, I believe the markets will roll into a broad contraction phase setting up just before the election as liquidity vanishes from the markets. Price volatility should be EXTREME between Nov 1 and Nov 6. Play the next 2 weeks very smart. Otherwise, your lumps could be painful. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong15:40by BradMatheny3313
Spy Road To 600Hello Fellow Traders If you have been following the previous threads I post on View You Will See Our Price Targets Are In Effect!! We have been following them pretty well, lets continue Bullish Price Targets $588 In Coming Shortly Follow chart below for confirmations Election 10 days awayLongby JoeWtrades225
$SPY October 29, 2024AMEX:SPY October 29, 2024 15 Minutes For the fall 586.12 to 574.41 AMEX:SPY retraced 78%. Hence, I expect only a double bottom for this move. For the rise 574.41 to 584.46 AMEX:SPY retraced 61.8%. So, holding 576 uptrends to continue. In 60 minutes 575-576 is 200 averages. So, the shorts initiated yesterday will be covered at 579. If I get a lower. I am lucky. SL at 582 for a zero trade. At the moment I expect 579 or 575 to provide a good support. Long is still above 585 only. I am usually negative bias as long as AMEX:SPY is below moving averages especially 200 or 100 in 15 minutes. Shortby RiderTrader112
Nightly $SPY Prediction for 10.29.2024⏰8:30am Goods Trade Balance Prelim Wholesale Inventories m/m ⏰9:00am S&P/CS Composite-20 HPI y/y HPI m/m ⏰10:00am CB Consumer Confidence JOLTS Job Openings #trading #stock #stockmarket #today #swingtrading #charting #investingLongby PogChan0
Possible Second Entry Long In the SPYToo long to watch recap: Bull Case: Hit the top of the keltner Bounce off the 20 ema Second entry possible formation on todays candle Inside bar formed today Bear Case: Strong selling Bulls sold to break even but, they need a reason to come back Modified MACD showing strong bear volume Long06:54by JoeRodTrades0
Expired SPY Weekly outlook. 4th WK OCT 2024Expired SPY Weekly outlook. 4th WK OCT 2024 > BULLISH 📈 HIT Prior Week Closed Price: 584.59 This Week Target Price: 587 Strike Price: 586.12 on OCT 24, 2024 Upper Range: 599 Lower Range: 575 Longby putIQ1
SPY Pullback: Time to Consider New Swing Long Positions!While AMEX:SPY remains in a strong uptrend, today’s 0.5% decline offers a healthy retracement for swing traders looking to enter long positions at more favorable levels. I don’t expect this pullback to last long or be of significant magnitude, but the short-term weakness is evident, creating an attractive window to buy into the trend. Watch for upcoming signals, as this dip could present a fresh opportunity for the next upward move. The technicals support this outlook: Relative Strength Index (RSI): 63.85 (Neutral), indicating the market isn’t oversold yet, leaving room for more downside before a potential rebound. MACD Level: 5.77 (Buy), signaling positive momentum and supporting the overall bullish trend. Momentum (10): 12.81 (Buy), confirming underlying strength in the uptrend. Exponential Moving Averages (10, 20, 50, 100, 200): All in “Buy” territory, reinforcing that the uptrend remains intact despite today’s pullback. However, Stochastic %K (90.36) and Commodity Channel Index (192.15) point to potential short-term exhaustion, suggesting this is a brief pause before the next leg higher. Swing traders should stay alert for a better entry point at any moment. Action: Stay tuned for a buying opportunity and follow me to see when I make my next move into the trend! Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves risks, and you should only invest what you can afford to lose. Always do your own research and consult with a financial advisor before making investment decisions.by CF_444Updated 5
Top 5 Weekly Trade Ideas #2 - SPY LongJust a 15m chart here but I think it's important for action early this week. Futures are up overnight so far so if that holds I'll be looking for SPY to open around or above $580.86. If it can open above, will be looking for longs on a retest in addition to potential support on the trendline below at the same time. That'd be ideal, but if it can't reclaim $580.86 early on this week I'd expect a move back down to $575. That could be a good long if it holds or a potential short on a retest if it breaks below.Longby AdvancedPlaysUpdated 332
Just a thought This chart showcases a symmetrical triangle pattern formed after an uptrend, indicating a potential continuation pattern. Here’s a breakdown of the key components visible: Symmetrical Triangle Pattern: The price is consolidating within two converging trendlines. This pattern suggests indecision between buyers and sellers, and it often resolves with a breakout. Given that this pattern formed after an uptrend, there’s a higher probability of an upward breakout, though a downward move is also possible if market sentiment shifts. Moving Averages: The chart shows three different moving averages (TEMA), providing insights into trend direction. The moving averages are currently positioned close together, suggesting the asset is at a crucial decision point. A breakout above or below the triangle could lead to a strong directional move, depending on where the price closes relative to these averages. MACD Indicator: The MACD histogram shows signs of slight bearish momentum, with the MACD line below the signal line. However, the indicator appears to be in a neutral range, meaning a breakout from the triangle could trigger a shift in momentum. Watch for the MACD to cross above or below the signal line, as this will provide further confirmation of the trend direction. Cycle Indicators: The chart includes green arcs that seem to denote cyclical points, with a possible upward cycle ending around early November. This could imply a potential breakout timeframe. Key Levels: If a breakout occurs: Upside: A breakout above the upper trendline would signal a continuation of the previous uptrend, with potential resistance at recent highs. Downside: A breakdown below the lower trendline could indicate a reversal or retracement, with support at previous lows and moving average levels. Timing: The dotted red vertical line marks an upcoming date (November 5), potentially indicating an important decision point for the asset. Summary This setup suggests a possible breakout around early November. An upward breakout could indicate a continuation of the previous trend, while a breakdown would signal caution. Monitoring the MACD, moving averages, and price action around these trendlines will provide more clarity on the next directional move.by JerryDaniel113
SPY/QQQ Plan Your Trade For 10-28 : Top Resistance PatternToday's SPY Cycle Pattern is a Top Resistance pattern in Countertrend mode. I believe this pattern will represent a moderate early topping price action in the SPY/QQQ - resolving slightly to the downside, then rolling into an upward price trend near the end of the day. The reason I believe this to be the case is because of two factors. A. The Countertrend mode suggests the top will actually be a moderate bottom in price (a pullback resolving as a base/bottom). B. The continued bias for the markets is slightly upward, thus I believe the SPY/QQQ will attempt to reach new intermediate ATHs before we start to move into the pre-election downtrend. Gold and Silver will struggle today as both appear to be consolidating in a FLAGGING formation. Bitcoin is still consolidating in the Phase #3 sideways consolidation pattern of the Excess Phase Peak pattern. Everything is playing out generally very well aligned to my research and cycle patterns. Last week I warned that market price would likely be very difficult in comparison to my SPY Cycle Patterns and that traders should begin to move to protect capital. This week is the last week you have for any upside opportunities. You need to plan to protect capital (if you plan to) before the pre-election correction. I believe skilled traders will be able to move back into the strongest sectors at a 5.5 to 8.5%+ pullback just after the elections. That is a smart move if you can pull it off. Also, don't hold any Gold/Silver futures contracts through the 2-3+ days around the election day. Volatility will be EXTREME and unless you can take the lumps (margin calls), I don't advise anyone trying to trade metals on November 5-6. If you do, get in and get out QUICKLY. Here we go... Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong17:01by BradMatheny3
S&P sellers kick in, but the market remains strongLast week was marked by some selling activity. As anticipated, sellers took advantage of temporary bullish exhaustion and attempted to push the market down. A strong sell-off occurred on Wednesday, with the market losing 1.2%. However, this sharp decline did not see much follow-through, as the price found strong support at the top of the previous consolidation zone ( 574.7 ). On Friday, buyers even attempted to set a new daily high, but they were unable to maintain it through the close. All of this leads me to believe that the sellers are not particularly strong, and we remain in a broadly bullish environment. A few key points supporting this bullish outlook include: 1. The weekly uptrend is still intact, and there is ample room for this weekly higher low. 2. There is relative strength in "risk-on" sectors (XLK, XLY), suggesting that bullish sentiment hasn't completely faded. While we might see some short-term rotation within the 584.5–574.4 range, defined by two daily candle wicks (Wednesday and Friday), the long-term outlook remains decidedly bullish. This week, important economic data will be released, along with earnings reports from major tech companies. This is likely to cause increased volatility, but unless there are major negative surprises, bullish sentiment should remain solid. Longby hermes_trisme1
SPY Technical Analysis Oct. 28, 2024Detailed Support and Resistance Levels Support Levels: 574.36: This is a crucial support level. If SPY stays above this level, it may serve as a solid base. If it breaks below, expect further downward pressure. 571.35: This is the next key support level. A break below this could indicate a stronger downtrend, potentially bringing SPY down to lower price ranges. Resistance Levels: 577.75: This is the immediate resistance SPY would need to break to regain bullish momentum. If SPY can close above this level, it could show buyers are stepping in. 579.24: This level will be a strong resistance point if SPY attempts to break upward. A successful close above this would suggest a short-term reversal. 581.16: If SPY breaks through previous resistance levels and trades above this one, it may confirm a reversal and could serve as a potential exit for bullish positions. Entry and Exit Points Bullish Scenario (if SPY breaks resistance): Entry: Consider entering a long position around 578 if SPY breaks above 577.75 with strong buying volume. Exit: Set an initial profit target at 581 (near the next resistance), with a potential higher exit target at 585 if momentum continues upward. Stop Loss: Place a stop loss slightly below the 577.75 resistance (around 576) to limit downside risk. Bearish Scenario (if SPY breaks support): Entry: Consider entering a short position around 574 if SPY breaks below 574.36 with strong selling volume. Exit: Set an initial target at 571 for a quick scalp. If SPY moves further down, consider a final target near 568. Stop Loss: Place a stop loss slightly above 574.36 (around 575.5) to prevent excessive losses in case of a quick rebound. Neutral Scenario (Range-bound play): If SPY remains between 574.36 and 577.75, it may be suitable for quick, range-bound trades. Buy near support (574.36) and sell near resistance (577.75) with tight stops to manage risk. Summary Strategy Bullish bias: Enter around 578, targeting 581 or 585. Bearish bias: Enter around 574, targeting 571 or 568. Range-bound play: Trade between 574.36 and 577.75 for quick scalps if no breakout occurs. Disclaimer: This analysis is for informational purposes only and is not financial advice. Market conditions are volatile, and trading involves risk. Always consult with a financial advisor before making any trades.by BullBearInsights3
Trades SPY, BTCFor ease of reference for my Copiers, the chart shows current and historical trades of my trading strategy. Updated with a time lag. Bookmark the page for updates. 🫰 Happy Trading 🐆 MrStocky Short-Term Trader AMEX:SPY SP:SPX COINBASE:BTCUSD AMEX:GBTC Not Financial Advice Historical Performance Not Indicator of Future Returnsby mrstockyetoro0
Nightly SPY Prediction for 10.28.2024No Economic events but the Futures are gapping down. Extremely volatile moves upcoming and we need to ensure we are on top of our daytrades and swingtrades. No need to be holding too aggressively without a clear trend.Shortby PogChan334
$SPY next-week!AMEX:SPY Trade Setup 💡 Target Entry: < $577 Position: SPY 574 Puts (Oct 30 Expiry) Technical Analysis: Multiple tests of major trendline last week = critical support level Two potential scenarios: Trendline Break ⬇️ Expect accelerated downside momentum Trendline Hold ⬆️ Watch $585.27 as key breakout level Break above = potential run to new ATHs Risk Management: Entry only if price drops below $577 Clear invalidation points at trendline and $585.27by A1TradingHub1