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SPY/QQQ Plan Your Trade - 7-22 - Pressure System ImprovementsThis is a short video showing you the progress I'm making on the MENT Pressure System for daytraders. When I started this project, I was looking for a way to help daytraders understand trending, pullbacks, targets, and moderate price rotation. I knew some of the techniques I use could help, but I wanted to create a visual solution to allow traders to SEE the opportunities, trends, and other setups. So, I decided to try to create my own solution. After about 4+ days of coding and playing with PineScript (only putting about 1~2 hours a day into the project) - this is the current project and how it works. The one thing I'm very pleased with is the Fibonacci Price Theory module. It does almost everything I wanted it to do right now. Currently, I'm working on better identification of triggers, targets, pullback "Air" and other features. I just wanted to show it off a bit and to highlight the new Adaptive MA system - which I think will help identify the missing components. I welcome your feedback. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!
by BradMatheny
SPY/QQQ Plan Your Trae For 7-22 - Topping PatternGood morning, I hope all of you had a wonderful weekend. Today, we start the trading week with a Topping pattern on my SPY Cycle Patterns. That means we should see the SPY/QQQ rally higher, attempt to find a resistance/peak price level, and then roll downward (moving away from that resistance area). Over the past four weeks, I've been amazed at the accuracy of my SPY Cycle Patterns. Can you believe I've been able to predict more than twenty trading days into the future—calling rallies, selloffs, tops, bottoms, and congestion periods almost perfectly? Sometimes I get the "well, you were wrong about WHATEVER" type of comments from viewers. I may have been wrong about one or two things in my expectations related to how price would move, react, or trend. But, I challenge anyone to attempt to accurately predict 3+ weeks of future price trends, action, direction, or expectations as I do. If you think you can do any better than what I'm doing - go ahead and give it a try. Let me know how it works out for you. Again, I'm not suggesting my SPY Cycle Patterns are 100% accurate, but I've never seen any other technology or AI like it. Nothing on the planet can predict the SPY/QQQ future price moves like my SPY Cycle Patterns and my own skills applied to interpreting them to reflect accurate future expectations. We have one more week to go with the SPY Cycle Patterns, and then I have to decide if I want to continue giving this away or not. Hearing all the great comments has been fun, but I want traders to understand this is a premium solution. This is not the average comment/suggestion you get from someone else. In my opinion, and you can make this decision on your own, this proven technology appears to work better than anything else I've ever seen. There is no place where you can see 2~3 weeks into the future for the SPY/QQQ and have any confidence in the data presented. Get ready. We have 2~3 days of basing/consolidation before we shift into a moderately strong bullish breakout/rally phase near the 24~25 of July. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
SPY/QQQ Plan Your Trade 7-20 - PineScript Project FeedbackI've been playing with this little project for about 7 hours now (off and on). Pinescript is fun once you get the hang of the syntax and how it expects objects/booleans for most of the conditionals. Overall, I think this project is moving along nicely, but I wanted some feedback on the visuals. I'm trying to create something that will help daytraders see and understand broad trends arising from shorter-term price swings. I get a lot of questions related to how/when to identify key market price reversals - so I'm trying to develop a way to help traders understand and see where opportunities exist for better trades. Watch this video and let me know if you see anything I can do to improve the visuals or color controls. I want this to SHINE so people fall in love with it. Thank you. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYEducation
by BradMatheny
3
SPY/QQQ Plan Your Trade - Building Solutions For Better TradersTo help as many traders as possible, I took on the task of trying to build a Daytrading Pressure monitoring system to identify better trends, pullbacks, and swing trade setups. This example video was created after only about 5 hours of work on the script (debugging/testing), and I still have about 6+ more days of development before this script may be ready for public use, but... Look at the results I've been able to achieve so far. My work trying to recreate my Fibonacci Price Theory concepts is proving very valuable. I've created three unique FPT constructs (Standout, Unique, Ultimate), and I believe teaching this concept will greatly improve trading results for many people. Next, I will work on my Pressure Indicator (near the bottom). Right now, it only reflects 3-bar rotations in pressure. I want it to be adaptive and dynamic, so I have some work cut out for me over the next 6+ days. Ultimately, this tool (and others) could help thousands of traders better understand FPT and the scope of price moves at various intervals. I aim to create a PineScript tool/utility to significantly improve traders' overall results. I welcome any feedback you may have at this stage of development. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY does a rising wedge suggest a reversal? SHORTSPY on a 30 minute chart shows a rising wedge over the past week. Price is now under a nearly flat upper trendline of resistance while the support trendline is rising. The dual TF RSI indicator shows strength about 70 while the zero lag MACD shows a K /D line cross. Because of this I believe, SPY may retrace to 468 or the level of the Fib 0.5. Since SPY is a high volume high liquidity slow spread instrument I see a buying a put option or s short swing trade short on the shares as strong consideration for the next trading day if the breakdown is confirmed.
SShort
by AwesomeAvani
2
Keep It Serious Simple (S&P and Nasdaq Correction Levels)A quick video to summarize the hours and hours of live sessions I run each and every week. Everybody is scared and nervous when the market is falling because bull market geniuses love to see ATH's every single day :) I see simple wave structure on S&P and Nasdaq. 5th wave completion and a likely ABC or 123 correction. S&P 7-12% correction area, Nasdaq 10-15% correction area. I'm not bearish, but I am hedged for downside pressure. If it never materializes, cool. But if it does, I would like to make some money and mitigate the risk. I'll do more of these day to day or week to week. You can find me in the trenches Monday-Friday. Happy Trading and Lots of Profits!!!
SP:SPX
by ChrisPulver
SPY/QQQ Plan Your Trade 7-19 EOD WrapUp - Learning A vs. BWhat an incredible week for all of us! The big price swings early in the week banked some big success with my SPY Cycle Patterns. Today, the bearish exhaustion pattern was much tougher to read/play for some—and that could have been my fault. I want to review something I try to clarify in my videos - the A (Success) vs. B (Failure) concept. I learned this from a Prop trader in the North East a long time ago. He called it "Failure To Succeed vs. Failure To Fail". It is much easier to call it Success or Failure (IMO). My research/content is based on a simple A vs B structure. Either my expectations will be correct (A), or they will fail (B). I want you to be able to make skilled decisions based on the content, pattern, directions, and expectations I deliver in my videos. As I tell many clients, "I do the research - you make the decisions." This video will highlight WHY I never took a trade today. My expectations continued to FAIL all day long. Sometimes that happens. There are more trading opportunities next week - right? No worries. If you have time, please review some of my recent videos to identify the A vs B content/structures I present. I want all of you to gain success using my tools/research. Part of that is learning how I view the markets/trends. The A vs. B structure is very important to learn - because all of my research is based on this simple technique (and a lot of Fibonacci Price Theory, which is also included in this video). Stay safe this weekend. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
SPY/QQQ Plan Your Trade For 7-19 - Bearish Exhaustion??Where's the Bearish Price Exhaustion pattern I predicted? Why is price waffling downward? I thought we would see a bigger upward price reversion setup. Yea - I know. I thought we would see a bigger upward price reversion in early trading, too. This is how things go with the markets. You can't force them to do anything. You have to be prepared to make the best of whatever the situation is right now. I was asked recently if I thought buying a few Call options near today's lows was a good idea (related to next week's potential rally setups). Although I won't tell anyone what to do with their trading account - statistically, starting a small "anchor position" relative to price expectations 5 to 15+ days out is not a bad idea. I do that with my swing trades often. If I think something is going to move, but I don't have confirmation of any future price moves on my charts, I may start by buying 5~10 shares as an "Anchor Position" to remind me to keep an eye on it in the future. I created this video to help you understand what I'm thinking and why I'm not too excited about what I see in the SPY. Buckle up. Things may get a little crazy later today with a squeeze. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SP:SPXLong
by BradMatheny
4
SPY/QQQ Plan Your Trade for 7-19 : Bearish Exhaustion (Bullish)Good morning, Today's pattern is a Bearish Exhaustion in Trend mode. This pattern suggests the selling pressure is abating/stalling and price may attempt to revert back up to the $560-561 level over the next few trading days. I believe price is entering a new FLAGGING formation that will resolve sometime near July 24-25 (as my SPY Cycle Patterns have predicted for over 3+ weeks now). I continue to receive many comments from readers, and I appreciate all the love and support you've shown me. Now, as we move into this flagging formation, we will see how the SPY Cycle Patterns can help us scale back out allocation levels (trade sizes) while we wait for the next big trending phase to start. Remember, the SPY/QQQ will likely continue to consolidate into a tighter FLAG type of formation over the next 3+ days before we start to see a moderate bullish price breakout near July 23-24-25. I hope you guys are enjoying all of these videos. It has been a lot of fun creating them for you. The feedback I've received has been incredible. Happy Friday. Get Some today. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY/QQQ Plan Your Trade 7-18 EOD Wrap-up - Crush Turns BULLISHGood afternoon everyone, I've been running around taking care of my father the last few days - but these big price rotations have been very exciting. Can you believe how accurate my SPY Cycle Patterns have been over the past 3+ weeks? I'm getting comments from people calling me the GOAT and saying how "galactic" my analysis has been to help their trading. Well, get ready. Now, I'm building a new PineScript utility to help day traders. When I finish it, I hope it will be everything people want to help them stay on top of intraday price swings. Watch this video to learn why the next three days are your opportunity to position for the next big price swing (Bullish). Learn why tomorrow may see price revert higher before stalling into a sideways consolidation channel for about 2~3 days. Then, on or after the 24th, we should see the SPY start to make a solid upward price move - leading to a bullish rally phase targeting the $606 level I suggested months ago. Get ready; this is going to be an exciting price move for all traders. And please share my videos with your friends if you like my work. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
QQQ - Short SwingAfter 18 months of bull run, it is time for a solid correction. In my previous post from February 2023, I outlined my rough count and levels for the last wave up, here are my thoughts for the way down: Assuming we go down, we will likely see last attempts of distribution and maybe another notch up. Some sellers may still need buy orders to fill. This could result in volatile days, nasty dojis, et cetera. I will short every blow off attempt given the RR. No idea how long it takes. If it feels like an eternity, double that. Deep pockets do not care about time. Volume has declined since the last leg up. We might see a sharp move down first, and then take it easy on the second leg. Third or last might be nasty. Nice for day traders, irrelevant swing traders. I have looked at a lot more than you can see in charts. My main target is 360ish (~30%). If that breaks, we might go for 336. If hell breaks lose for whatever reason, sub 300, or lower. There will be outperformers and underperformers, like in this last leg up. Yes, AI is great however, actual value to enterprises and monetisation of it remain to be seen, and we have not even started to regulate or legislate the crap out of it. I might be wrong; surely hope so for permabulls out there but I cannot see any bullish signs here no matter how hard I look. Good Luck
NASDAQ:QQQShort
by fb82
1
SPY/QQQ Plan Your Trade for 7-18 - CRUSH : Answering Questions Everyone has been messaging me this morning... And I expect that to happen, especially on a day like today. First, most people are asking me if I changed my expectations related to the counter-trend CRUSH pattern. The answer is NO - I don't usually alter my analysis. If the pattern does not do what I expect, I'm usually just sitting on the sidelines waiting for the pattern to be set up. Second, understanding Trending vs. Counter-Trending. Remember, I use a 3 to 5-day average trend when I'm trying to identify the direction of trend. I don't like to look too far back because I've seen these patterns react to very short-term trend changes. I still see the Counter-Trend CRUSH pattern as generally bullish. Today's early morning downward trend is a flash of buyers/longs. Lastly, when would I try to enter any trades today? This video clearly shows why I would wait for the $555.50+ level to be breached before I try to enter any LONG trades. I don't try to pick tops or bottoms. I've seen that/done that before, and it usually ends up VERY BAD (lol). If that's what you want to do - go for it. Me? I'm going to wait for some type of confirmation of the upward price trend and wait out this downward price trend. Once I get solid confirmation of an uptrend, then I may consider jumping into some Longs or Calls. You don't have to trade like a Banshee every day. All you need to do is find one or two good trades daily (if they show up). Tomorrow is another day full of opportunities. So, sit back - watch this video, and learn to be patient. Oh, and don't try to stand in front of a freight train - you'll get RUN OVER. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
SPY/QQQ Plan Your Trade Major CRUSH Pattern UpdatePlease be very cautious with today's Major CRUSH pattern. These are usually very big-range price bars, and they can be very dangerous if you are caught on the wrong side of a trend. I suggest trading with only 25~50% of your normal capital if you are unsure how you want to trade. This CRUSH pattern will likely result in a larger open~close range than yesterday. We are trying to see if price will hold above the $554~$555 support level. If so, we may see the counter-trend Major CRUSH pattern play out as a rally bar later today. If not, be prepared for a further breakdown in price. We must see that the $554~555 level acts as support, and we must see the price REJECT near that level to prompt any type of price reversal. This is going to be a "Buckle-Up" kind of day. Don't say I didn't warn you about how big CRUSH patterns can be. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
SQQQ leveraged inverse QQQ LongSQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes before market close. I took a long trade of shares and call options striking $10.00 for June 14th at that point. I am expecting a 5% quick return on the shares and far more on the options. The relative volatility indictor is helpful to further pinpoint the reversal for best entry. (red to green) The set of Hull Moving Averages ( 14 and 35) also serves to signal "death" and "golden" crosses which serve to further aid trade entry accuracy. The relative volume indicator ( of veryfid) also helps in that regard. It has extreme volume spikes in black. OF particular interest, the last 15 minutes of the trading week has a volume spike of buying in SQQQ. This comforts me to know that other traders saw what I saw. I am fortunate that I saw it about 45 minutes before them and got a better price. This demonstrates the value of indicators and knowing how to apply and interpret them. Trading is not as complicated as the pundits and the fee for services and trading room coaches will have you to believe to make you financially dependent on their "guidance and assistance".
NASDAQ:SQQQLong
by AwesomeAvani
1
2024-07-17 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. comment : No deeper analysis needed today. Could have sold anywhere and made money. Tomorrow will be key for next week. Best case for the bears is a weekly close below 19700 but anything below 20000 would suffice. current market cycle: climactic bull trend with overshoots is done. Market will probably range some before we begin a new bear trend over the next months. key levels: 20000 - 21000 - if we break below 20000, next support is 19700 bull case: Bulls see this as a deep two legged pullback but since they are still trading around 20000 and inside the bull channel, their premise lives on. They want a strong reversal tomorrow and since bears were in pain for so long, any good bounce above 20100/20200 could make most bears exit their shorts. Bulls want a retest of the broken channel, which would also be a retest of the ath 20983. After a -3% day, anything in this section is low probability and the best bulls can hope for is to find support and go sideways. Invalidation is below 19700. bear case: Bears are now trading below the multi month and year patterns market broke above, which indeed was a bull trap. The selling was strong enough to let the bulls know the trend is long gone and they are scrambling to secure their profits. Their next target is to break below the bull trend line and below 19700, where many many more bull stops will be. Odds heavily favor the bears for more sideways to down price action. Invalidation is above 21000. short term: Bearish. I think we can hit 19800 and/or the bull trend line. Can we go deeper? Not likely but anything can happen. If the bull trend line breaks tomorrow, this will go full panic selling and the next support would be the 50% pb from the whole bull trend since April, which is 19180. medium-long term: This climactic blow off top is/was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months. —unchanged current swing trade: Short since 20800. trade of the day: Sell anywhere and go away until US close. Chart was drawn last Sunday and the big red arrow the week before or so. C target might be couple points too deep but you get the idea.
CME_MINI:MNQ1!Short
by priceactiontds
Elliot Wave Analysis/Prediction of QQQ Chart (Monthly Timeframe)Overview The Invesco QQQ Trust (QQQ) chart presents a well-defined Elliott Wave structure over the long term, suggesting a robust bullish trend. Additionally, the RSI is indicating interesting channel movements that reflect changes in market momentum. Key Points: Elliott Wave Analysis: The chart displays a clear Elliott Wave pattern: Wave I started the initial uptrend ($168-$407) Wave II was a corrective phase, resetting the trend. ($407-$254) Wave III marked a significant bullish run, reaching new highs. ($254-$550expected) Wave IV will be a minor corrective phase with support around $450-410 before the anticipated Wave V. The potential for Wave V suggests further upward movement, continuing the long-term bullish trend. From the lows of Wave IV, we expect to see 80% appreciation before May 2027 RSI Trend: The RSI is currently around 72.00, which is in the overbought territory, indicating strong bullish momentum. The RSI has been moving within a rising channel, suggesting increasing momentum over the recent months. Historical RSI movements show that the QQQ tends to pull back slightly when RSI reaches these levels before continuing the upward trend. Support and Resistance: Immediate support can be found around the $450-$410 level, aligning with the previous consolidation zone and the potential Wave IV corrective phase. Resistance is projected at the current all-time high around $483, with further potential to reach higher levels if Wave V unfolds as expected.
NASDAQ:QQQLong
by aldofg