$SPY Current StructureAn important area for markets.
Expect further downtrend continuation after short rally.
SPY trade ideas
$SPY UNDER 340 BY END OF YEAR?Currently sitting in upper range.
Expect further downside as rates continue to increase.
NFA
$SPY December 2, 2024AMEX:SPY December 2, 2024
15 Minutes.
AMEX:SPY is tired. 603 targets achieved. But no strength.
The move from low 595.20 to 603.35 is not smooth.
Soe the last rise fro, 587.43 to 603.35 $ SPY need to hold 598 levels being 38.2% retracement.
For the last rise 597.28 to603.35 599 must hold.
I expect AMEX:SPY to be 598.5 to 603 levels today and tomorrow so the moving averages can up as 200 moving average is around 596 levels.
Holding 598-599 my first target is 605 levels.
#TheStrat Weekly/Monthly Setups For DecemberSPY - Closed previous D/W/M close to HOD after making new ATH, so the D/W/M all finished bright green. No evidence of sellers anywhere since every TF above the 60 is currently green. 60 closed slight green, but this can easily be justified as eod corrective activity since all 60 min candles before the last one of the day were green, and every TF above the 60 is green. Going into the new week and month, we can expect buying to continue until we see a lower low on the D, but the real sign of buyers vanishing / sellers gaining control for me will be a Lower Low on the weekly.
Main Monthly Setups To Watch:
Bullish :
DKNG - 1-2-2 Q revstrat in force, 1-3 M, 2-1 W
PM - Hammer 3-1 M
BA - Counter Hammer Failed 2D M
MRK - Hammer M at Downside Exhaustion Level
Bearish:
MU - Shooter 1-3 M, Failed 2U W
ZIM - Rev Strat M at Upside Exhaustion
Main Weekly Setups To Watch:
Bullish:
RTX - 3-1-1 W
PLTR - MoMo Hammer W, Inside D
GOOG - RevStrat Hammer D, Inside W
Bearish:
GAP - 3-1 at Exhaustion
COIN - 2-1 W, Failed 2U D
PINS - Shooter RevStrat Week, Shooter Inside D
RDDT - Inside W (11 Consecutive Weekly HLs)
SQ - Red Inside D/W at Q Exhaustion
SPY 24hr Potterboxes,watch the candles and it will probly trade in range until a breakout to the downside. $5.84 to the top of the big box but the market always goes up just not horizontal. also the law of the threes. Tomorrow should be green.
SPY Bullish Continuation Ahead! Buy!
Hello,Traders!
SPY made a bullish
Breakout of the local
Horizontal level of 600$
Which indicated a bullish
Sentiment prevalence
On the market so we
Are now bullish biased
Locally and we will be
Expecting further growth
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
SPY due for a pullback -- EV3 and Treverse phenom on 8h
The SPY is due for a pullback. It’s been overextended after a strong rally, with key indicators like RSI showing overbought conditions. Currently in a W5 leg, we're waiting on EV3 or Treverse to fire, as these RevAlerts indicators have shown an excellent track record, as seen on the 8h chart.
Additionally, economic uncertainty, rising bond yields, and/or upcoming Fed decisions could trigger profit-taking. Traders know markets rarely move in a straight line, and healthy pullbacks often follow extended runs. Let's see what the week brings!
SPY: Will Start Falling! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SPY pair price action which suggests a high likelihood of a coming move down.
❤️ Please, support our work with like & comment! ❤️
$SPY Why We Will Continue Down / Bear Market Not FinishedWhat is Federal Funds Rate?
The federal funds rate is the interest rate at which banks and other depository institutions lend money to each other overnight on an uncollateralized basis. It is the interest rate at which banks can borrow or lend money in the federal funds market. The Federal Reserve uses the federal funds rate as a tool to implement monetary policy and control inflation. By raising or lowering the federal funds rate, the Federal Reserve can influence the overall level of interest rates in the economy, thereby impacting economic growth and inflation.
How Does Federal Funds Rate Affect The Economy?
The Federal Reserve's setting of the federal funds rate can have a significant impact on the overall economy. When the Federal Reserve raises the federal funds rate, it makes borrowing money more expensive for banks, which in turn makes borrowing more expensive for individuals and businesses. This can slow down economic growth by making it more difficult for companies to expand and for consumers to purchase big-ticket items like homes and cars.
On the other hand, when the Federal Reserve lowers the federal funds rate, it makes borrowing cheaper, which can stimulate economic growth by making it easier for businesses to expand and for consumers to purchase big-ticket items. Lowering the federal funds rate can also help to combat inflation by making it less expensive for businesses to borrow money, which can help to keep prices stable.
The Federal Reserve's setting of the federal funds rate can also affect the stock market, currency exchange rate, and bond market.
In summary, the Federal Reserve's setting of the federal funds rate can have a significant impact on the economy by affecting interest rates, inflation, and economic growth.
What is the Projection of Federal Funds Rate In 2023?
Due to Ukraine and COVID, this has led to a historic rise in interest rates. This means that borrowing costs are increased, saving becomes more attractive/less spending, and stock prices may decrease/bonds favored.
Markets expect the U.S. Federal Reserve to raise rates again on February 1, 2023, likely by 0.25 percentage points to 4.5%-4.75%. However, there’s a reasonable chance the Fed opts for a larger 0.5 percentage point hike.
Hope this helps.
SPY Wave C to 2009 Lows
B wave suckers rally should end around 604-610, C wave of expanded flat target is 210
SPY New historical highSPY has hit new highs recently, but current data isn't available ¹ ². To confirm, I'd recommend checking a real-time financial platform for the latest info on SPY's performance. Typically, when SPY hits new highs, it indicates strong market performance, with more stocks reaching 52-week highs than lows ³ ⁴. Would you like to know more about what drives SPY's movements?
SPY The Target Is DOWN! SELL!
My dear subscribers,
My technical analysis for SPY is below:
The price is coiling around a solid key level - 602.45
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 588.60
My Stop Loss - 609.83
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
SPY SHORT FROM RESISTANCE
Hello, Friends!
It makes sense for us to go short on SPY right now from the resistance line above with the target of 595.24 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
SPY WILL KEEP GROWING|LONG|
✅SPY is trading in an
Uptrend and the etf made
A bullish breakout while trading
In an uptrend which reinforces
Our bullish bias and makes
Us expect further growth
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Long term PUT position in spy (Dated for march next year)Entered this trade mostly based off of current economic indicators related to jobs and housing, as well as RV sales and Used car market. Less time spent on determining short term outcome. Colored arrows are basic predictions based off my feelings. Based on election cycle and other economic indicators, as well as near rate cuts gave me the proper vibe for this.
Risk Appetite at a Crossroads: SPY vs. TLT Nears Key ResistanceIntroduction:
A classic market indicator for gauging risk appetite is the ratio between stocks AMEX:SPY and long-term bonds NASDAQ:TLT . The premise is simple yet powerful: when stocks outperform bonds, the market is in a "risk-on" environment, favoring equities. Conversely, when bonds outperform stocks, it signals a "risk-off" environment, favoring safety.
For years, this ratio has trended upward within an ascending price channel, reflecting the dominance of equities over bonds in delivering superior returns. However, the ratio is now approaching the upper boundary of this channel, a critical juncture for assessing the next phase of market dynamics.
Analysis:
Risk-On vs. Risk-Off: The SPY-to-TLT ratio provides a clear view of market sentiment. A rising ratio reflects confidence in equities, while a declining ratio indicates a shift toward safety in bonds.
Long-Term Uptrend: The ratio has been in a well-defined uptrend, marked by higher highs and higher lows. This trend underscores the market's preference for stocks over bonds in recent years.
Current Situation: As the ratio nears the upper boundary of its price channel, the potential for a slowdown or reversal increases. While the long-term uptrend remains intact, a pullback could signal a temporary period where bonds (TLT) outperform stocks (SPY).
Interest Rate Outlook: With interest rates potentially declining next year, bonds could see increased demand. However, as long as the ratio remains within its channel and continues to rise, the "risk-on" environment remains dominant.
Conclusion:
The SPY-to-TLT ratio is nearing a pivotal level that could influence market sentiment in the coming months. While the "risk-on" trend remains intact for now, a shift in dynamics could occur if the ratio fails to break through its resistance. Traders and investors should monitor this ratio closely to navigate potential shifts between equity and bond performance. What’s your outlook on this key indicator? Share your thoughts below!
Charts: (Include relevant charts showing the SPY-to-TLT ratio, the ascending price channel, and key resistance and support levels)
Tags: #RiskAppetite #Stocks #Bonds #SPY #TLT #TechnicalAnalysis #MarketTrends
SPY Technical Analysis (1-Hour Chart). Nov. 29, 2024Market Overview:
SPY is showing a mix of consolidation and minor recovery from recent selling pressure, with price action testing key levels. The overall structure remains in an upward trend on larger timeframes but appears to be encountering short-term resistance.
Key Observations:
1. Trend Line:
* A rising trend line was recently broken, indicating potential weakness. The price is now consolidating below this level, showing a retest scenario.
* If SPY reclaims the trend line with strong momentum, it could suggest renewed bullishness.
2. Support & Resistance:
* Support Levels:
* $595.24: A strong intraday support, acting as a pivot point.
* $590: The next significant support zone to watch if selling accelerates.
* Resistance Levels:
* $601.33-$602.13: Immediate resistance; a break above could attract buyers.
* $605: A psychological resistance level.
3. MACD:
* The MACD is in a bearish crossover but is starting to flatten, indicating a potential slowdown in selling pressure.
* Look for a bullish crossover as a signal for upward momentum.
4. Volume:
* Volume has decreased, reflecting the holiday week. Light volume could lead to exaggerated price moves, so caution is warranted.
Trading Plan:
Scalping:
* Bullish Setup:
* Entry: Above $601.33.
* Target: $603.50-$605.
* Stop-Loss: Below $599.
* Bearish Setup:
* Entry: Below $595.
* Target: $590-$592.
* Stop-Loss: Above $597.
Swing Trade:
* Bullish Swing:
* Entry: On a daily close above $602.
* Target: $610.
* Stop-Loss: Below $599.
* Bearish Swing:
* Entry: Below $590 with confirmation.
* Target: $585.
* Stop-Loss: Above $592.
My Thoughts:
* SPY’s ability to reclaim and hold above the broken trend line will dictate the next move. A failure to reclaim could result in a continued pullback.
* Watch the $601-$602 zone closely for signs of a breakout or rejection.
* Given the low-volume environment due to the shortened trading week, consider smaller position sizes to manage risk.
Disclaimer: This analysis is for educational purposes only. Always conduct your own due diligence and use proper risk management when trading.
SPY Bullish long term the SPY that short term trend line (purple line), if it confirms a downside break to that trend line we see lower. if it stays above we fly. levels are still under my long term trend line (blue at the top). Thoughts?
5 SPIRALS DUE 11/29 to 12/2 The chart posted is the updatedThe chart posted is my SPIRAL turns focus point it is 11/29 to 12/2 I feel rather strong that the markets are set for the NEXT TIMING TURN I AM RATHER BEARISH As you can see I am labeling the wave count and have NOT changed anything . Best of trades WAVETIMER
SPY Short 5% Correction?Happy Holidays Everybody, hope you all are having a good time with your family! I see spy hitting 585 for its first target in the next 5-10 trading days, good luck traders
SPY/QQQ Plan Your Trade For 11-27: BreakAway PatternHappy day before Thanksgiving, everyone.
Stay safe this holiday and remember to share hugs and love with all the people that are the most important in your life.
Trading will be there tomorrow and the next day - always.
Family, health, and loved ones always come before trading/work.
Today is a Breakaway pattern for the SPY. I suspect the SPY will still struggle near the 600 level and possibly REJECT into a downward price trend over the next 5+ trading days.
The QQQ is showing a very clear Flagging formation whereas the SPY is showing more overall strength.
Gold and Silver make a big GAP move higher. This is nice to see. I still believe Gold will attempt to rally above $3000 before the end of 2024 and Silver will attempt to rally above $35 before the end of 2024.
Bitcoin is now moving into a projected consolidation phase. The pending breakdown phase may see Bitcoin move down to the $74k to GETTEX:82K level. Buckle up.
Remember, we are going to have Thanksgiving holiday and shortened trading hours. If you have not already moved a large portion of your capital into CASH, you could be taking unwanted risks.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
$SPY November 27, 2024AMEX:SPY November 27, 2024
15 Minutes.
AMEX:SPY made high 601.33.
Oscillator divergence.
So expecting a rtetracement.
For the rise 595.2 to 601.33 598 is a good number to add longs. It is also 38.2% retracement
SL at the moment in 15 minutes is 597
