Consolidation before another big move?I'm feeling weakness and a fake out on this bounce and expect a continuation to the downside, but nobody knows the future, so only time will tell! GLTA!by crisdbones4
SPY Bear Flag Trade IdeasThis is a 15m chart, if you were to zoom out you'd see that the all important 537 area goes back to early.June, it was a gap.that was.filled last week. SPY has remained below since and is forming a nice bear flag. Last week it closed towards the top end, so we'll see if it can gap up above tomorrow or not. If we gap.above I'll look for.longs on the retest of 537 or the bear flag, maybe both. If we do see this bear flag break to the downside, I'd look for puts on a retest. First short target is last week's low then the April low. First upside target is last week's high.by AdvancedPlays2
Bearish flag forming AMEX:SPY Bearish flag forming wait for price action and confirmation. Trade safe by BigD_optionstrader3
SPY Downside Slippage into EOY?Assuming we continue an overall long term bullish view of the AMEX:SPY , a correction like this seems reasonable to me. Everything is always subject to change though and this is not financial advice.Shortby crisdbones113
$SPY August 11, 2024AMEX:SPY August 11, 2024 15 Minutes. AMEX:SPY made high around 534 as expected. If we draw a parallel channel form 510, we can see AMEX:SPY taking support at midline of channel. Hence making HH HL pattern. Connecting all the HL as a channel again we can see AMEX:SPY getting resisted at midline of this channel. We are having an oscillator divergence for the HH values 532.64 and 534.51. So, if we take the rise from 518.05 to 534.51, On Monday holding 528 levels we can expect an up move towards 534-540 levels. 528 is nearly 100 averages in 15 minutes. In 15 minutes 200 is sloping down and 50,10 are sloping upwards. Once this cross happens I expect a swift move to 540+. The Oscillator will get sorted out by that time. At the moment uptrend intact towards 540 levels. I will look for a sell only if 521 is broken on downside. Longby RiderTrader7719
spy My Day AMEX:SPY updated, i see a possible major head and shoulders at play on the weekly #spy #stockmarket #finances #technicalanalysis spyby awakensoul_3694
$SPY ForecastLooking for any feedback . I am new to technical analysis and seeing if anyone has a take on what I have done or any new ideasby amishj073
$SPY ForecastLooking for any feedback . I am new to technical analysis and seeing if anyone has a take on what I have done or any new ideasby amishj072
Why an emergency rate cut is badThe market has been desperately waiting for a FED rate cut for nearly a year now. We have not received one yet even with the recent flash crash in the market. Despite calls for an emergency rate cut after the crash we didn't get one. Why not? Why is that a good thing? The Fed does not cut rates out of the kindness of their hearts They cut rates only they broke something and they are trying to fix it The lack of emergency rate cut means the recent flash crash was more irrational panic, less based on actual facts The economic data while concerning in areas still is nothing alarming to the point for the Fed to "break glass in case of emergency" rate cut button over When the rate cut does come which is expected still in September, we should hope for 25bps rate cut, nothing more. Small rate cuts a bullish sign that we are still doing ok. Large rate cuts is the equivalent to oxygen masks falling from ceiling, brace for rough landing.Longby ratchet-mint333
Week of August 12th Weekly LevelsHere are some of my levels for the week on the bigger time frames. Let me know if you have any questions or critique for me. Long07:15by carsonusa51
Great lesson on my perfect set upThis is an example of what I can look for in the coming week and work on this is my perfect A+ set up06:19by carsonusa50
SP500: Bracing for Impact?The crisis is gradually approaching... Global central banks are cutting rates at the fastest pace since the Covid era, according to BofA. The scenario might play out more slowly than shown on the chart, but the essence remains the same. The upcoming U.S. elections are unlikely to be quiet and peaceful—something big is bound to happen. I'm leaning more towards a downturn. Is it time to start picking up some Put options? 🤔🤔🤔 Shortby UnknownUnicorn2850268
SPY The Target Is UP! BUY! My dear followers, This is my opinion on the SPY next move: The asset is approaching an important pivot point 532.91 Bias - Bullish Safe Stop Loss - 524.76 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 546.16 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK Longby AnabelSignals119
SPY - RSI Failure Swing and Gold New ATH BreakoutThis trade idea is already a missed opportunity but the analysis of what transpired may be useful for future reference. This was a -8.38% move from a close that constituted a sell signal according to RSI failure swing theory on the daily chart. The drawdown would have been .46% if a short trade was entered at the close of Wed July 17th when the signal was given. That sell level was also successfully defended 4 days later. It coincided with the 9-day SMA at that time. Also worth noting: Gold broke out to a new ATH the day prior, which in hindsight, amongst the backdrop of great, unretraced gains in gold over the past 5 months, was a bellwether for increasing risk asset fear. SPY put in a new ATH that same day, but not with the same level of conviction. It had a smaller % gain, and it wasn't a breakout but a continuation of a series of new ATH days. Main takeaway: Watch the daily RSI for failure swings in overbought territory to spot trend changes before they happen.by Skipper864
SPY 65 Minute Wave Analysis65 Minute spy chart with the 8 Ema showing a potential wave 4 retest of the pivot point at 518.21 and further potential upside to the next support zone at 546518.by traderx500333
SPY/QQQ Plan Your Trade 8-9 Noon Update : Possible SqueezeThis quick update covers SPY, Gold, Bitcoin, IWM, and NVDA. Boy, what a change in price range compared to the last few weeks. Looks like ht markets have settled into a deep sleep today. I still believe the Breakaway pattern could really make a move in the last 30 to 40 minutes of trading. A solid squeeze potential is available to price if the short trading pressure starts to unwind before the weekend. Watch how this plays out at the end of the day, and remember that next week should see solid rallying trends. Have a great weekend. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong11:41by BradMatheny0
This was a MOVIE! Prepare to be entertained.. To say the least!This video is as real and transparent as it gets in the trading world. Hope you appreciate it as much as I learned from it. Final profit on this trade/video as we got cut off right at the drop - $560 and counting. This was legit a movie - For anyone who watches this whole thing, I hope you enjoyed and learned some important lessons about the nature of the market, human psychology, and the importance of having a trading plan. Probably the most up & down wild hour of trading i've had in a long time. I will be rewatching this one for years to come. Lots of lessons learned in 1 video. Happy Trading to everyone. 01:00:00by ReigningTrades335
SPY/QQQ Plan Your Trade 9-9 Update : SPY Must Rally Above 532This is a quick update related to the Inside Breakaway Pattern today. The SPY must attempt to break above 532 in order to attempt a rally up to 539-542. I really believe the SPY is primed to move into a Ripper Rally phase between now and the end of next week. I will urge the Make-Or-Break (525-526) is still in play. If the SPY falls below 525 - the trend flips to BEARISH If the SPY stays above 525 - the trend is BULLISH. So, we need to see how today plays out. But, I believe a Ripper Rally is primed and ready to go where the SPY could rally up into the 540+ level very easily. It may play out as a rally to 545++ by mid-next week - but we may see it start today. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong11:46by BradMatheny2
Short Term Paths for SPY Moving ForwardSPY had broken well below the $525 area, which is one of the levels I consider most important. The break below was brief, despite some volatility and back and forth, bulls are still resilient as they have been all year. For now, SPY has reclaimed 524 and has filled the gap from Monday. Currently sitting right on that gap and this week's highs. We have an ascending channel it is respecting as well, near the bottom end now. If it breaks below, I would expect a move back to ~525, if it is able to break above this week's high, I think we could see a big squeeze back up to ~542.50. If 525 gives, next target would be Monday's low and then April's low.by AdvancedPlays1
08/09 ATR Levels and Range== no input today just levels and lines SCALP SR2 531.99 SR1 531.08 SPOP 530.16 LAST PRICE 529.25 SBREAK 528.34 SS1 527.42 SS2 526.51 R2 538.38 R1 534.87 POP 532.76 LAST PRICE 529.25 BREAK 525.77 S1 523.00 S2 521.16 by TuskenDayTrade2
S&P500 reaches Sell ZoneThis area offers the best Risk to Reward ratio for Opening Fresh Short positions Top of the TrapZone, Once RED UMVD starts and we start seeing RED Bars again If VIX stays high we can get another leg down!Shortby SnowflakeTrader337
Hey SPY Lovers! We are on a slow recoveringThe price touched our area of interest and has started to bounce back upwards. As you can see in the indicator, the SPY is beginning its slow strength. If you Compare the structure with the oscillator on the bottom, you will see there will be a bull run soon . The question is: will this be the bull run we've been looking for, to reach our area of interest or even higher? No one knows for sure, but for now, I want to show you that the SPY is starting the recovery process. HERE IS THE KEY: We need to pay much attention to Nvidia's report because, if you remember, the last time they reported, it practically pushed all the markets to new highs! Let's see what happens." Longby RocketMike1110
$SPY August 9, 2024AMEX:SPY August 9, 2024 15 Minutes Opened gap up. Second bar close was good. Near top of bar and going below low of first bar. So bought around 524 for 528.5. trade over. Now AMEX:SPY above all averages except 200 in 15 minutes. So, for the day considering the rise from 518.05 to 531.3, holding 523 524 levels i have a target 532.5 to 535. If you draw extension from recent low 510.28 to 531.59 to 518.05, we get a target 540. Buy we have 200 yet to cross. Hence aiming for 532.5 to 535 first. For the day i will sell below 520. As said earlier. Day is still in uptrend. For me trend change in day only if 490-493 is broken.Longby RiderTrader7711