Healthy CorrectionAs all waveforms and resistance to support conversion, some locations have yet to be tested, this charting is my opinion on where we need some support taps in order to never see those price values every again, we can only go up for so long until exhaustion. Always.by SuperScholarXYZ0
SPY/QQQ Plan Your Trade For 10-14 : GapUp-Lower In Counter TrendGood morning, This video highlights what I expect to happen in the SPY/QQQ, Gold/Silver, and Bitcoin over the next 5 to 7+ days. Remember, I'm using my proprietary modeling systems, SPY/Gold Cycle Patterns, and other research to share a roadmap of expected price action 5- 7+ days into the future. I don't know anyone else who can do this research accurately and provide such clear trade/entry/exit signals. This week should be exciting as we'll see multiple opportunities in the SPY/QQQ and Gold/Silver. Bitcoin is nearing a Phase #4 (consolidation) trigger near recent highs. At this point, traders need to wait for a breakout of the recent range before getting more aggressive with BTCUSD. Let's get some this week. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long25:33by BradMatheny2215
SPY 1DAs a novice trader I brought my spy chart here. Looking for honest feedback on how my charting looks. Plus does anyone have tips on how to utilize key levels, confirmation for me is an open below or above. by COCERA5163
SPY Technical Analysis Tomorrow ( 10/14/2024)1. Trend & Price Action: Uptrend Line: SPY is riding an ascending trendline. The price has pulled back slightly but remains close to the trendline, suggesting buyers are still defending this upward momentum. Support Zone: The green zone (around 576.13 – 577.59) is a key support area. If this support holds, there is a possibility for a continuation toward 580.33 (the recent high). Resistance Level: Immediate resistance is around 578.54 – 580.33. If SPY can break this level, it could attract more buyers for another leg up. 2. Volume: There are increased volume spikes on recent sessions, especially near support zones. This indicates heightened activity at these levels, either from buying interest or short covering. 3. MACD: The MACD is slightly bearish, with the MACD line below the signal line. This indicates some short-term weakness, suggesting caution with long entries until momentum improves. 4. Key Levels to Watch for Tomorrow: Support: 577.59, 576.13 If SPY falls below these levels, it may test 570 or even 565.31 (highlighted in red on your chart as a significant level). Resistance: 578.54, 580.33 A breakout above 580.33 could trigger buying momentum toward 585. Potential Trading Plan: Bullish Scenario: If SPY bounces off 576.13 and breaks above 578.54 with volume, consider long entries targeting 580.33 or higher. Bearish Scenario: If SPY breaks below 576.13, look for short setups targeting 570 or even 565.31. Disclaimer: This analysis is based on technical indicators and is for educational purposes only. Markets carry risks, and it is essential to conduct your own research and manage your risk accordingly. Always use stop losses and never trade with more than you can afford to lose.by BullBearInsights1
S&P uptrend continues as the market cheers strong earningsLast week, the bulls finally gained the conviction needed for a breakout. Fueled by strong banking earnings, the market has moved upward from its trading range, reaffirming the long-standing uptrend. Both the short- and long-term outlooks remain bullish. More earnings reports are set to be released next week, but unless there are significant surprises, nothing is expected to change. Longby hermes_trisme0
SPY: Bearish Continuation is Highly Probable! Here is Why: Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SPY pair which is likely to be pushed down by the bears so we will sell! ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals113
$SPY October 13, 2024AMEX:SPY October 13, 2024 15 Minutes. As projected AMEX:SPY made a high 579-580 levels. Now the next target is 587 levels. But we have oscillator divergence now. And in daily AMEX:SPY far way by nearly 8 to 10 with respect to 9- and 21-day averages. So, for the rise 566.63 to 580.33 AMEX:SPY need to hold 576-577 levels for uptrend to continue. For the rise 574.49 to 580.33 we need retracement up to 576 levels which is also 100 averages in 15 minutes. So, I will buy only on a pull back to 576 levels. As of now sell is only below 571 levels. by RiderTrader3
american election 2024In my opinion, after the American elections, all markets will crash. Kamala will win through fraud, and unrest will begin.Shortby vladimiropce843
the SPY rally continues, 600+ next? boost and follow for more! ❤️🔥 spy bulls have full control at the moment.. even if we dip I think we will hold the cluster support/530 level I have shown on my chart 🤔 there's a very strong trend support zone that goes back to 2022, bullish bias makes sense until that breaks. I think we can head to 600+ on the next push higher. short term dips into trend support are possible. this is my last chart of the week.. see you all soon with more ⚡Longby Vibranium_CapitalUpdated 2226
SPY BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! We are going short on the SPY with the target of 545.10 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals111
YEP! ALL-TIME HIGHS BABY! You're welcome! :) Pretty simple... After identifying a candle with buying pressure, last week I announced that we would very likely be hitting new all-time highs simply by following the N# pattern that was unfolding at that very moment with precision. VALIDATIONS ARE THE KEY TO PREDICTING A MARKET MOVE. But what do I mean? Here’s a recap of the moves I got in 1 week: #1 It gave me a breakout. #2 It gave me an exact retracement to my order block area that I was looking for. #3 It gave me the volume I needed to see. #4 It gave me a volume candle with buying pressure. #5 It gave me an immediate bullish structure. #6 The "N3" pattern is being fulfilled precisely. How many validations do I have so far? 6 Validations!!!! Don’t you think we’re in a bullish scenario where, with all these validations being met exactly, we could see a new extreme, breaking new all-time highs? OF COURSE WE ARE! The more validations you have in an analysis, the more likely the scenario you’re looking for will be fulfilled correctly. Now... Going back to SPY, all-time highs are uncharted territory! We must be very cautious, and as soon as the retracement begins, I’ll start my analysis again. Best regards, and I hope this mini-lesson helps fine-tune your price analysis process. Thanks for supporting my analysis. Best regards.Longby RocketMike1111
SPY A Fall Expected! SELL! My dear friends, Please, find my technical outlook for SPY below: The price is coiling around a solid key level - 579.57 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 573.88 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals5533
General Channel Outcomes Historic Trends SP500 + market overallSelf- explanatory, the most basic type of trend hunting is the channel movements and their natural exits.by SuperScholarXYZ0
SPY Trading Plan 10/11Today we opened at 576.05. Today, ATR will be from 570.51 to 581.59. With a high base break out, need to stay bullish regardless of bias. The target for today will be 581. Trade is live.Longby MMOTA_Updated 2
SPY/QQQ Plan Your Trade For 10-11 EOD UpdateOverall, this week has been rock solid. Even though the markets moved downward after the US Treasury auction early this week, the recovery and rally on Thursday and Friday were right on schedule. Remember, I've highlighted my SPY Cycle Patterns more than three weeks into the future before the beginning of October. Mapping Daily price action like this is impossible for almost anyone. The idea that I can identify price patterns weeks and months in advance and attempt to identify where and when trade opportunities may exist based on these advanced patterns is of real value. I'm not waiting for price to move in some formation or setup, I know where price will likely base/bottom, or peak/top, and I know where opportunities should exist for profitable trades days or weeks in advance. Now, you've seen how these patterns work and how I use other advanced TA techniques to identify real opportunities. What are you waiting for... Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long20:16by BradMatheny668
Opening (IRA): SPY Oct 18th 515 Covered Call... for a 511.00 debit. Comments: After taking profit, re-upping here out in October, selling the 84 call against long stock to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Going lower delta here, since I've already realized gains for (basically) September. There is a divvy to be had in Sept, with the last distribution being 1.76, so this will improve the unsexy ROC %-ages somewhat ... . Metrics: Buying Power Effect/Break Even: 511.00/share Max Profit: 4.00 ($400); 5.76 ($576) with dividend, assuming a 1.76 distribution. ROC at Max: .78% ROC at max; 1.13% ROC (with dividend) 50% Max: 2.00 ($200); 3.76 ($376) (with dividend) ROC at 50% Max: .39% ROC. 74% ROC (with dividend) Will generally look to take this off at >50% after the dividend drops or look to roll out in-profit short call to maintain net delta at +25 or less.Longby NaughtyPinesUpdated 6
Milking buyers similar to 2008? TheoryJust an interesting comparison, these trends might intuitively show the possibility of slow liquidity exit.Shortby SuperScholarXYZ115
$SPY October 11, 2024AMEX:SPY October 11, 2024 15 Minutes. 575 was protected yesterday. Now we have 9,21,50 averages converged in 15 minutes. For the rise 566.63 to 577.71 holding 573.5 to 575 uptrend will continue to 579 levels. For the fall 577.58 to 574.59 need to cross 576.5 - 577 for 579 levels. The longs opened around 575 yesterday will be closed around 579-579.5 levels. For the SL will be 573 levels.Longby RiderTrader226
$SPY Tomorrow’s Implied Move for PPI Alright, y’all. We have a fully bullish setup here with the 35EMA underneath us and the 30min 200MA under that for support. ATH’s right above. Play both sides… Here we are also holding above the rate cut gap after FOMC. It’s my opinion that we need to go in there and test it for real support but so far we’re bullish - watch Stupid Willy here for either a return to the green or a breakdown here to the 30min 200 on the day. — Storm update: I’m so good, but I don’t have power so I can’t make videos until that’s fixed. Until then I’ll be posting charts here when I can. 🙌🏼 by SPYder_QQQueen_Trading4
$SPY is Spying on You This is a very simple and straightforward technical analysis on AMEX:SPY of price action VS the Moving Averages. A tried, True and Valid method of analysis is knowing when we have become to extended from the moving averages and determining that a return to the mean is appropriate. In the case of the AMEX:SPY , SP:SPX or CAPITALCOM:US500 we are more and more extended by the day. For comparison I have included an image from the Dot Com Bubble Crash when we moved 47% away from the 20 Year Moving Average. Again in 2022 when we moved nearly 32% away from the 20 year moving average. The NDX for reference was almost 75%!!!! Off it's moving average in the Dot Com Bubble. We currently sit at nearly 33% away from the 20 Year Moving Average. To Say we are extended is an overstatement. Things will return to normal. But will we have a spectacular blow off top first? Shortby Midgar-3
SPY for Friday (10/11/2024)Price Action: Current Resistance Zone: SPY appears to be hovering around a resistance zone near 577.64 - 577.71. These levels have seen multiple tests but no breakout. The market has consolidated in this region. Support Zones: There's a visible support area at 565.31, marked by a green order block on the chart. The price has previously bounced from this level. Trendline Support: There's a rising trendline suggesting that the overall structure still remains bullish, provided the price continues to respect it. Direction: Bullish Bias: The price is still in an uptrend as it hasn't broken below the trendline support. However, if SPY fails to break above the 577.71 resistance zone, it might pull back toward the trendline or the lower support near 567.50. Bearish Potential: A break below 574.47 could lead to further downside toward 573.34 and potentially lower to the 565.31 area if selling pressure increases. Watch for a confirmation of trendline break or further rejection at resistance. Order Block: Bullish Order Block: The green block area around 567.50 to 565.31 represents an accumulation zone where buyers have previously stepped in, creating a support base. If price retraces to this zone, it's likely to see buying activity again. Bearish Order Block: If the price fails to break above the 577 region and reverses, it could set up a lower high, pushing it back toward the trendline or the green block. Monitor how price behaves in this resistance zone. Indicators: Volume: Volume seems to be decreasing in the recent rally, which could indicate weakening bullish momentum, especially near resistance. Momentum Oscillators: The oscillators below the chart seem to show volatility spikes, indicating a potential shift in momentum soon. Strategy: For scalping, you may consider shorts near 577.64 with a stop just above 577.71, aiming for a retracement to the order block around 567.50. For long trades, look for a bounce or consolidation at the lower trendline or support block near 565.31 for potential entries. Disclaimer: This technical analysis is based on historical price data and does not guarantee future performance. Always consider external factors, such as macroeconomic data and market conditions, when trading. Risk management is essential to limit potential losses.by BullBearInsights3
SPY 10/10 Trading PLanToday, we opened at 575.77 with a current ATR of 5.80. The range for today will be between 581.57 to 569.97. VIX at 21. Let's see if it wants to continue higher to test 581. I think it may just base here. But if it does climb up to 580 or 581 ill look at price action there and see if I enter a short position. If we come down to 569ish, I look to get into the upside. In the meantime, I'll sit on my hands. I don't think much is going to go on today. Lets see what happens.by MMOTA_Updated 0
SPYMultiple technical indication of a downward correction on the SP500 over the coming days.Shortby Dr_Wallstreet112