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SPY/QQQ Plan Your Trade July 15-19 - US Broad-Sector RallyHappy Sunday. Last week, I updated my SPY Cycle Pattern predictions, highlighting what I expected to happen over the next 15+ trading days. Even though it is almost impossible to accurately predict future price trends, ranges, and Daily close levels, I think I've done a pretty good job setting accurate expectations over the past 15+ trading days with my SPY Cycle Patterns. This weekend, as I was analyzing this week and beyond, something became visible that alerted me to a broad market capital shift taking place. For more than 90+ days, I've warned traders that capital will move away from high-flying tech and other symbols to identify undervalued, ignored, and depressed stocks that still have fairly solid fundamentals/earnings. Last week, we saw several stocks, most commonly shown on RSP (the equal-weighted S&P 500 ETF), break away from a flagging formation and shoot upward - gapping as it rallied. This is an obvious function of capital actively seeking new opportunities in ignored, undervalued, and depressed stock symbols. This is capital moving more evenly across the US stock market, attempting to ride the next wave higher. In my opinion, this new Broad-Sector rally phase may continue to push the SPY/QQQ much higher than everyone expects. As a result, it could change how the SPY Cycle Patterns reflect the pending rally, contraction, and continued rally throughout the next two weeks. Watch this video to learn more. If I had to make a new, fresh analysis of what I expect after this big capital shift in the markets, I would move my upper price targets a bit higher and expect price to continue a stronger melt-up over the next 10 to 20+ days (throughout Q2:2024). Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SP:SPXLong
by BradMatheny
QQQ Nasdaq Drop Analysis July 11, 2024Everything that goes up must come down! Many people get scared on days like today when the NQ dropped around 10% out of nowhere, but if we expand the chart, we can see that since mid-April, the Nasdaq has only gone up and up! We call this a state of institutional liquidation. Today, the CPI results were favorable, and there was no economic news that could have taken down the Nasdaq, so naturally, the market has to go down. The question is, for how many days? We really don't know, but if we average the last pullback, we can see that it will be at least 4 to 5 days. Thank you.
NASDAQ:QQQShort
by RocketMike111
Short QQQ, Long IWM?The long tech trade seems to be coming to an end here. If we continue to reject this trendline, then I think the Mag 7 and Nasdaq trade could be over and you'll be better off longing "value" going forward. On an individual stock basis, there's a number of names that look to be forming bottoms in the value space and a number of stocks (META, NFLX, NVDA, etc.) that all look to be forming tops. Time to rebalance the portfolio around value? The chart should be the guide should it reject and fall from here.
NASDAQ:QQQShort
by benjihyam
2
SPY/QQQ Plan Your Trade 7/10 - EOD Followup AnalysisWell, what a crazy day. Did you guys see that momentum rally carry into today's Gap Up/High pattern? Boy, sure would have hated trying to short this market trend and watching my account collapse. This video shows you why I believe the momentum behind this move may carry into and through the big data hitting tomorrow. We may see a very strong rally tomorrow after the data hits that could push the SPY price up into the $565~568+ level. For those of you capable of executing quick shorts, I think you may have an early morning opportunity with price volatility tomorrow - but I would be cautious of getting too aggressive in shorting until closer to the 15th (Monday). Thank you for all your great comments and boosts. Remember, I do this to help traders become better skilled at executing their own trades. Now, we've still got 10+ more days of my predictions to work through. So, we get to see if my research/analysis is worth anything compared to the others out there. I firmly believe most of the people pushing out research are simply pushing out click-bait. Me, I'm a little different.
AMEX:SPYLong
by BradMatheny
8
SPQ/QQQ Plan Your Trade For 7/10 - Gap Up/Higher PatternToday's Gap Up/Higher pattern in Trend mode may provide a strong price rally attempt after yesterday's somewhat non-existent Momentum Rally pattern. I believe the lack of price movement yesterday resulted from markets waiting for Powell's comments and not wanting to get too far ahead of themselves. Today, I believe the markets will resume trending to support the continued bullish price move and possibly make up for some of the missing price trends from yesterday. We'll see - one way or another. We need to see a solid upward opening price gap today - leading to a moderate melt-upward type of trend. Today's price trend may be explosive - even though we have limited data/news. Remember, if you like my research, content, and info, share, boost, like, and visit my website to learn more. Get some.
AMEX:SPYLong
by BradMatheny
6
SPY/QQQ Plan Your Trade - Momentum Rally Day Is HereToday's SPY Cycle Pattern is a Momentum Rally pattern in TREND mode. This suggests price will rally today - possibly targeting $558-559 or higher. The next 2-3 trading days should be very powerful for LONGS. My SPY Cycle Patterns have predicted the past 2+ weeks of price movement and continue to suggest upward price trending until July 15th or so. Then, we move into an exhaustion peak price action - eventually rolling back downward to find support. Get ready. The next big move will take place after July 23-24, setting up another great opportunity for skilled traders. Get some today.
AMEX:SPYLong
by BradMatheny
SPY/QQQ Plan Your Trade 7/8 Followup AnalysisI couldn't have predicted today's price trend any better. The SPY Cycle Pattern, Flat-Down pattern, worked out perfectly today. Although I expected a bit more downside price activity earlier in the trading day, the fact that today's price action in the SPY & QQQ is generally FLAT-DOWN is perfect. Remember, this pattern was predicted more than 24 months ago. It warned us that today would likely be a narrow-range price bar, and tomorrow, Wednesday, and Thursday will be strong upward-trending bars. Are you ready for the next big price move? How nice would it be to know 5+ days in advance what price is likely to do so you can plan your trades more efficiently? Learn to wait for the best setups, then go get them. Watch this video. Now, we will see if the current price FLAG resolves to the upside, as I expect. Why do I expect price to move higher into the close? Because tomorrow's pattern is a Momentum Rally in CARRYOVER mode. Go Get Some.
AMEX:SPYLong
by BradMatheny
13
QQQ: Approaches Psychological Resistance! (D&W charts)In the daily chart of the QQQ, the price is steadily climbing within a well-defined uptrend, supported by the 21-day EMA and an ascending trend line. The ETF is approaching a critical psychological resistance level at $500, marked by the red line. This level is significant as it often acts as a barrier due to its round-number nature, where traders tend to set sell orders. A decisive close above this level would signal a continuation of the uptrend, potentially leading to further gains. The daily chart also shows a recent breakout above the previous resistance at 486.86, which now serves as a support level. This breakout, accompanied by higher lows, reinforces the bullish sentiment. If you are looking for entry points, then you might consider buying on pullbacks to the 21-day EMA or on a breakout above the psychological resistance at $500, confirming bullish momentum. On the weekly chart, QQQ is displaying strong bullish characteristics with consistent higher highs and higher lows. The 21-week EMA has been a reliable support, indicating the overall trend remains bullish. The recent bullish candle indicates strong buying interest, suggesting that any pullback might be limited and serve as a buying opportunity. Integrating both the daily and weekly charts, QQQ is showing robust bullish momentum. The key level to watch is the psychological resistance at $500. A successful close above this level would open the door for further gains. Conversely, failure to break above this resistance could lead to a minor pullback to the support levels around 486.86 or the 21-day EMA. For now, we should monitor these levels closely to determine the strength of the uptrend and make informed trading decisions. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
3