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SPY/QQQ Plan Your Trade For 5-21 : Inside-BreakawayI've been very clear over the past few weeks that I believe the markets are poised for a rollover/topping pattern and I believe BTCUSD is showing us exactly how/when that rollover top is going to play out (June 1-June 9). In the meantime, I believe the SPY/QQQ are entering a more volatile "early topping" formation while still in an uptrend (Bullish). I urge traders to start watching various sectors for weakness and keeping your eyes open for any signs the market could be moving into a sideways price rotation. I think the rollover top will be aligned with some financial event (trade/tariff/other) that will result in a broad disruption of the US/Global markets. And I believe BTCUSD will lead the move by about 4-7+ days. Gold and Silver are starting to move higher again. That is a sure sign that traders are now more actively seeking to hedge global risks (again). I believe this move higher in metals may continue through this week and into next week (looking for that top in the SPY/QQQ). Follow my detailed BTCUSD video to learn why BTCUSD may continue to try to push a bit higher before topping and moving into a broad price decline. Get some.. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
BITSTAMP:BTCUSDLong
by BradMatheny
9
5-20-25 WARNING : Bitcoin Sets Up MASSIVE Double-Top WarningI highlighted this incredible price/technical pattern in my morning Plan Your Trade video. But, I thought it was important enough to create a separate video highlighting this incredible Double-Top warning and to try to tell all of my followers to start actively protecting capital over the next 2-3+ weeks. As much as I would like to say this won't happen (meaning some type of crisis event or global financial crisis) causing a collapse in Bitcoin (and the US/Global markets) - but I believe the continued constraints on the global markets, related to Trump's policies and attempts to reduce US govt spending) will act as a devaluation event for global economies. Think about it for a minute... 1. If the US is able to remove $500-900 Billion in fraud/waste/NGO spending (of which, a portion of that spending is dedicated to supporting global initiatives/spending), this will result in a contraction (in some form) for some global economies. 2. If the US is able to negotiate more favorable tariff rates for US goods supplied to the world (where foreign nations reduce or eliminate tariffs on US goods), this will also act as a reduction in economic income for many foreign nations. 3. These combined and continued efforts to restructure the US economy into a strong and more dynamic global economic driver (more fairly balanced in terms of global trade) will come at the expense of breaking away from what has traditionally been untouched. This breaking of the past, in terms of what nations expected related to US spending and tariffs on US Goods, may represent a 15-25% (or more) contraction in foreign economic activity. If this disruption from "what was normal" results in the US Fed, or global central banks, taking emergency measures to address short-falls in their economies, this could prompt a series of events that could result in a broad devaluation type of event (very similar to what happened after COVID in 2022-2023). That event was prompted by the US Fed raising rates trying to stop inflation. This event could be the result of slower/lower economic outputs/expectations related to the changing tariff rates and the reduction in US spending throughout the world. Central Banks and regional governments may attempt to provide some type of capital stimulus to transition through this phase - but I see that as "building a bigger bubble - just waiting to pop". The smart move for global central banks is to follow the US's lead and start to move towards more austerity/accountability regarding their own economies/spending and attempt to let the devaluation price phase play out. Either way, time will tell if I'm correct or not. You have been warned. IMO, you have about 3-6 weeks before BTCUSD potentially tops and may roll into a very strong breakdown phase. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
BITSTAMP:BTCUSDShort
by BradMatheny
64
SPY/QQQ Plan Your Trade For 5-20 : Harami-InsideToday's pattern suggests the SPY/QQQ will stay somewhat FLAT in trading. In this video, I go over the SPY/QQQ, Gold/Silver, and BTCUSD. What I find interesting in today's video is the setup in BTCUSD - being very similar to the peak in late 2021 before the double-top in Bitcoin. If my analysis is correct, we are moving into a type of final speculative phase (bullish) that will quickly transition into a type of breakdown move in the US/Global markets. Gold should do very well once this move sets up and begins to drive the Risk/Hedge trade. In the meantime, sit back and wait for this speculative move to phase out (top). Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
BITSTAMP:BTCUSDLong
by BradMatheny
2
THIS TIME IT'S DIFFERENT!🔥 THIS TIME IT'S DIFFERENT! 🔥 Can you see the shift?! VOLUME IS HERE—AND IT'S MASSIVE. 💪💰 Unlike those weak, fleeting rallies that got crushed under waves of red, this one is packed with bullish buyers and offside hedge funds READY TO SEND IT HIGHER. 🚀📈 Not to mention the last time we had this level of above average volume for this long was in October 2023 when we were coming out of a bear market and it was only the beginning of our ascent higher! I'm not saying we can't have a pullback soon...I'm just simply saying the volume is here and it looks like dips will indeed be shallow. ATH retest INBOUND! Are you positioned for the move? 👀 AMEX:SPY NASDAQ:QQQ
NASDAQ:QQQLong
by RonnieV29
4
SPY/QQQ Plan Your Trade For 5-19 : Gap Breakaway In Trend ModeToday's pattern suggests the SPY/QQQ will start with an opening price GAP (downward in this case) and could continue to move into a Breakaway pattern. Given the recent news of a US Credit Downgrade, I'm suggesting all traders prepare for what may become a period of sideways price volatility over the next 3-5+ days. I've highlighted a potential breakdown range on the SPY/QQQ on my charts that I believe acts as a solid confirmation level related to any potential reversal/breakdown in trend. Currently, the trend is still BULLISH. If price falls below my breakdown range (the angled rectangle on my charts) - then I believe price will have broken this upward FLAGGING trend channel and will begin to move downward - targeting lower support levels. This is a critical time for the markets. If we fail to move higher at these levels, we have a long way to go (downward) before we attempt to find any support. Gold and Silver appear to be attempting to break the FLAG HIGH of an Inverted Excess Phase Peak pattern. This could prompt a strong rally phase back above $3300/$33 for Gold/Silver over the next few days. Time will tell how things play out. BTCUSD appears to be REJECTING the recent highs within a consolidation range. If this rejection continues, I see BTCUSD moving downward - trying to reach the $95k (or lower) looking for support. Remember, we are still generally BULLISH and moving upward within the FLAGGING channel. If we do get a breakdown in price over the next few days, it will become clearly evident on the charts and we'll have to begin to change our expectations. Right now - HEDGE. Get Some... #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYShort
by BradMatheny
2
Vanguard Mega Cap Growth ETF (MGK): FAQ guide before investing🚀 Vanguard Mega Cap Growth ETF (MGK): A Deep Dive into Holdings and Hypothetical Returns 🌟 The Vanguard Mega Cap Growth ETF (MGK) is a popular exchange-traded fund offering investors access to some of the largest and most dynamic growth-oriented companies in the U.S. market. MGK closely tracks the CRSP US Mega Cap Growth Index, emphasizing mega-cap stocks. 🎯 Key Features of MGK 💰 Expense Ratio: 0.07%, a cost-effective choice for investors. 📊 Assets Under Management: Around $25.42 billion. 💵 Dividend Yield: 0.44%, distributed quarterly. 🏆 Top Holdings: 🍎 Apple Inc. (AAPL): 14.34% 🖥️ Microsoft Corp. (MSFT): 11.93% 🎮 NVIDIA Corp. (NVDA): 10.70% 📦 Amazon.com Inc. (AMZN): 7.63% 📱 Meta Platforms Inc. (META): 4.33% 🔌 Broadcom Inc. (AVGO): 3.54% 🚗 Tesla Inc. (TSLA): 3.22% 💊 Eli Lilly and Co. (LLY): 3.20% 💳 Visa Inc. (V): 2.76% 🔍 Alphabet Inc. (GOOGL): 2.31% 📌 Sector Allocation: 💻 Technology: ~52.8% 🛒 Consumer Discretionary: 15.9% 📡 Communication Services: 11.0% 📈 Performance Overview MGK has consistently demonstrated strong returns: 🗓️ Year-to-Date (YTD): 0.96% 📅 1-Year Return: ~21.09% 📆 3-Year Return: ~23.26% 📊 5-Year Return: ~19.26% 💸 Hypothetical Investment Scenarios Assuming an average annual return of 19.26%, here's how various investments might grow over five years: 💲 $10,000 Investment: Year 1: $11,926 Year 2: $14,219 Year 3: $16,951 Year 4: $20,207 Year 5: $24,070 💲 $100,000 Investment: Year 1: $119,260 Year 2: $142,190 Year 3: $169,510 Year 4: $202,070 Year 5: $240,700 💲 $1,000,000 Investment: Year 1: $1,192,600 Year 2: $1,421,900 Year 3: $1,695,100 Year 4: $2,020,700 Year 5: $2,407,000 ⚠️ Note: These returns are hypothetical and assume consistent annual performance, which may not reflect actual market volatility. 🔑 Considerations for Investors 🎯 Concentration Risk: MGK heavily invests in technology and a few major stocks, tying its success closely to these specific companies. 📉 Market Volatility: Although historically strong, MGK can be highly volatile, particularly during tech-sector downturns. 📈 Long-Term Growth: Ideal for investors seeking significant long-term capital appreciation through prominent U.S. growth firms. 📌 In Summary: MGK provides focused exposure to U.S. mega-cap growth stocks with a strong track record. Investors should consider portfolio diversification carefully due to its sector concentration.
AMEX:MGKEducation
by ProjectSyndicate
28
$SPY Daily Chart Taz Plan - May 2025 into June-July Breakdown📉 SPY Daily Chart Trading Plan — May 2025 Thesis: Price has returned to the exact level ($594.20) where the February impulse breakdown began. This zone is acting as a Lower High rejection within a broader bearish structure. A clean rejection here opens the door to multiple inefficiency fills below. 🔍 Structure Breakdown: Feb High (ATH): $613.23 Feb Open: $592.67 Feb Close (last green candle before impulse): $594.20 Current Price: $594.20 Marked LH: $592.50 This is a rally back into rejection, not strength. 📉 Key Zones & Gaps: 🔺 Gap Supply: $566.48 – $578.50 🔺 Wick Gap: $558 – $566 → Needs a full-body candle to initiate fill 🟥 FVG (4/22): $528 – $541.52 🧱 Major Support: $481.80 🧠 Trade Plan: Short Entry 1 (Confirmation-Based): 🔻 Red candle rejection under $592.50 = starter short 🔻 Watch RSI and MACD for momentum fade Short Entry 2 (Gap Breach): 🔻 If $578 is broken and retested → scale in 🔻 Gap fill expected quickly once triggered Short Entry 3 (Wick Gap): 🔻 Body close through $558 = last add 🔻 Sets up for final flush to FVG 🎯 Targets: $578.50 → $566.48 (Gap Fill) $558 → $541.52 (Wick Gap & FVG Top) $528 – $530 (FVG Close) $481.80 (Long-Term Panic Target) ❌ Invalidation: Daily close > $595.50 = Pause thesis Weekly close > $600 = Structural shift, short squeeze zone 🧠 Final Thoughts: This isn’t just a gap fill play — it’s a structural fade from a lower high back into memory. The Feb impulse wave left behind layers of inefficiency, and price just tapped the origin of the breakdown. Momentum is peaking. If this is a trap, the downside should begin immediately. Let the chart prove it.
AMEX:SPYShort
by TazmanianTrader
3
US Downgrade, 3-5-10% Pullbacks But Still Bullish on S&PHappy Sunday!!! US Futures open lower after Friday's close and Moody's downgrade. Last time this occurred in 2011, the S&P dropped around 10% from the "news." This is all interesting timing but I'm still liking pullbacks for opportunities to position bullish in the US indexes (S&P, Nasdaq, Dow) Because the melt-up continues to run (US/China gap last week and drift higher), I'm trying to stay patient for a pause or pullback Trump and Bessent are still chirping about Tariffs and a government "detox" so a round of trade war related news may help calm the market's red hot advance post April 7 lows I'm selling calls on owned positions for income. I'm waiting for more favorable levels to add new positions, but within 3-4% of all time highs for the S&P and Nasdaq I don't think anybody will be surprised to see the all-time highs revisited in the near to medium-term Let's have a great week - thanks for watching!!! -Chris Pulver
AMEX:DIA
by ChrisPulver
$MSTR Monthly Top Form: “Backwards 4” + Multi-TF RSI DivergenceBefore we begin... trading view is restricting my post for an indicator.. maybe someone reported it... not sure... doesn't seem like a problem... it's a TD Sequential ... 🔍 The Setup — Monthly “Backwards 4” Pattern + Multi-Timeframe Breakdown We’re now forming the 5th candle in what I call the “Backwards 4” formation, or the upside-down lowercase ‘h’ — a recurring reversal structure I’ve tracked at macro tops. Structure breakdown: ✅ Strong monthly green candle 2–3. 🔻 Two red candles that retrace the body but don’t break it ✅ A second green candle that re-tests the highs and baits breakout buyers ❌ Final candle closes red → confirms exhaustion → multi-month drawdown begins We saw this exact setup in early 2021 before MSTR collapsed from $1,000+ to $134. The pattern is now repeating — but this time it’s backed by RSI + MACD divergences on all major timeframes. 📊 Multi-Timeframe Technical Breakdown 📆 Monthly Inside the “Backwards 4” zone now (candle 5) RSI Bear Divergence: price made new highs but RSI keeps printing lower highs MACD flattening after extended expansion Volume fading for 3 months straight 📌 Momentum is dying while price floats. That’s not strength — that’s late-cycle distribution. 📆 Weekly TD9 printed this week at the top of a tight 5-month box RSI rejected at 63.61 — exact same rejection level as last cycle highs MACD histogram curling while price stayed flat Range: ~$338–$430 → energy has been spent 📌 This isn’t breakout behavior — it’s a liquidity trap. 📆 Daily Double top attempt failed at $406 MACD crossed bearish, histogram turning red RSI Bear Divergence Confirmed: Price made higher highs from April to May RSI made lower highs, tagging 66.90 vs. 74.70 earlier this year 📌 Daily has now logged 3 bearish RSI divergence peaks since February. 📋 Trading Plan (as of May 17, 2025) Position: No current short — stalking ideal entry Entry Zone: $406–$410 rejection zone (upper box resistance) Trigger: Daily close under $390 confirms failed breakout Add Confirmation: Weekly close under $375 = trend shift Stop: Above $430 monthly high (invalidates breakout fade) Target 1: $320–$290 (May red close zone) Target 2: $262 (range midpoint / fib retrace) Target 3: $240 (prior base support) Stretch Targets: $175 and $102 if macro breaks down Waiting for clean structure breakdown before initiating core position. This is a setup worth being early but precise on. 🧠 Final Thoughts: This is one of my highest conviction macro top setups. The “Backwards 4” is showing up again with RSI and MACD fading across the board. Price is floating under resistance on weakening momentum, and volume confirms it. If May closes red, we likely begin a multi-month correction. I’m watching for the breakdown trigger under $390 to begin building short exposure, targeting sub-$300 by month-end and lower into summer if momentum continues to unwind. 📉📦 Let’s see how it finishes.
NASDAQ:MSTRShort
by TazmanianTrader
3
Bullish Semiconductors? SOXX The semiconductors NASDAQ:SOXX definitely tend to lead the market In bull rallies. I still think this saying will hold true for several years. The NASDAQ:SOXX is flirting with some pretty decent resistance. This would be a perfect spot for sellers to exit and price action to digest recent gains. If the chart plays out like I think it will, we should have a decent pullback in this area which could create an epic inverse head right shoulder. This pattern would be a very bullish setup that could take us into new All Time Highs in 2026. This is a weekly pattern so allow the chart some tike to play out.
NASDAQ:SOXXShort
by Trading-Capital
SPY/QQQ Plan Your Trade For 5-16 : Gap Potential PatternToday's pattern suggests the SPY will attempt to GAP at the open. The current price structure suggests the SPY/QQQ are in an upward FLAGGING formation related to a broad Excess Phase Peak pattern. I believe this upward trend will continue until price attempts to break either the upper previous Ultimate High pattern or break the lower channel of the current FLAGGING formation. The wonderful thing about these Excess Phase Peak patterns, and other techniques I'm trying to teach you, is that they provide very clear triggers/directions/opportunities for traders who understand these patterns. Today, I highlight my SPY Bias (Primary & Secondary) trending system that shows the SPY is much weaker than many people believe. Because of this, I believe we are potentially nearing an Exhaustion Peak in the SPY/QQQ - time will tell. The use of my extended Biasing systems and Custom Index charts helps me understand what is taking place behind the SPY/QQQ price action. It's like peaking behind the curtains in terms of what my Custom Indexes and other specialized data can provide. I can see what is really taking place related to price action - moving beyond the simple SPY/QQQ charts. Gold and Silver appear to be setting up an Inverted Excess Phase Peak pattern off a potential Ultimate Low in price. It will be interesting to see how this downward price flag plays out over the next week+. If this pattern holds, we should see the FLAG end and price should rally up into the consolidation phase. Very exciting for metals. Bitcoin, which tends to lead the SPY/QQQ, is stalling near a peak. Keep your eyes on BTCUSD over the weekend as I believe we may be able to identify how the SPY/QQQ will react on Monday by watching what BTCUSD does. Thanks for being patient and understanding my schedule over the past 30+ days. I've had multiple family member visit the hospital over the past 5-6+ weeks and my world has been filled with doctors, hospitals, follow-ups, work, and trying to keep everyone healthy and away from trouble. It appears these issues are starting to get more settled - which means I'll be able to stay more focused on work - instead of driving around everywhere and waiting for appointments. Get some.. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYLong
by BradMatheny
1
2025-05-15 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. comment: Market is in peak euphoria again but you would be buying at the very top on an Opex Friday. Like… Just dont. Enjoy your weekend. I expect a rather choppy session maybe even a deep pullback rather than closing the week on another green bar. current market cycle: trading range key levels: 20600 - 22000 bull case: Bulls want a new ath and we are high enough, that they could easily get it next week. My count was likely wrong and W1 was not the spike from 16735 to 19388 but rather the leg from 17863 to 20277. That means we are in W3 and W4 is around the corner. I have many calculated targets around 23000 and as of now, there is no reason we can not get there. It’s a very tight bull channel upwards. Bears are not doing anything so the path of least resistance is up. Invalidation is below 20100. bear case: Bears need a miracle. That’s it. Best they can maybe get is a pullback to the bull trend line around 20700ish but I highly doubt that. If we print 21000 tomorrow, most bears would be wet and take their profits before letting them see burning away again. My assumption for tomorrow is a choppy session somewhere between 21000 - 21600. Invalidation is above 21600. short term: Neutral. Opex Friday, I made my money this week. Absolutely no need to throw it away tomorrow. Less interest in buying up here but bears are barely making money, so I’d rather sit on hands. medium-long term - Update from 2024-04-20: My most bearish target for 2025 was 17500ish, given in my year-end special. We are +18% from the lows and I do think, once this turns again, it will easily be the short trade of the year. trade of the day: Longing the lower low below 21300 is the obvious choice. Market went sideways to up with higher lows for 4h. There were at least 4 big tails on the 15m chart which told the story.
CME_MINI:MNQ1!
by priceactiontds
SPY/QQQ Plan Your Trade For 5-15 : CRUSH PatternToday's CRUSH pattern could play out as a very big downward price move if the 578-580 level is broken. CRUSH patterns are usually very large-range price bars. Yes, they can be to the upside as well (depending on recent trending). A CRUSH pattern is usually in the opposite direction of recent trends. Thus, I believe today's CRUSH pattern will be to the downside. Although I believe today could be very exciting for traders, I urge all traders move with caution in the early 30min to 60min of trading today. I believe the SPY/QQQ will attempt to establish a range (early trading range), then work to break away from that range. Traders should be very cautious of getting married into a direction/position in early trading. Let the market tell you where it wants to go. Gold and Silver appear to have setup the Ultimate Low overnight. Now, we'll see if metals can move higher throughout the rest of this week and build a base for the next phase higher. BTCUSD seems to have started to roll over (top), but I urge traders to stay cautious of the current upward FLAGGING trend. Until BTCUSD breaks below $96-97k, I would still consider it to be trending upward. Going to be a busy day for me. Stay safe as I'll be on the road most of the morning. GET SOME. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYShort
by BradMatheny
10
Gold Market Update: Bears will target 3150 USD🏆 Gold Market Mid-Term Update 📉 Gold Drops: Prices dip as risk appetite grows and profit-taking kicks in. 🤝 U.S.-China Deal: 90-day tariff pause boosts USD, pressures gold. 📊 Tech Watch: Key support levels eyed by traders for entry points. 🔮 EUROTLX:4K Forecast?: Analysts still see path to $4,000 amid uncertainty. ⚠️ Recession Signal: Oil-gold gap hints at slowdown—bullish for gold. 🏠 Investment Shift: Gold now 2nd-best long-term U.S. investment (after real estate). 🌍 BRICS Buying: Emerging nations hoard gold to ditch dollar. 🛡️ $3,200 Holds: Gold maintains key support despite volatility. 📈 JP Morgan Bullish: EUROTLX:4K gold possible even with growth. 💰 Live Price: Gold at $3,253.40 (+0.52%) today. 📊 Technical Outlook Update 🏆 Bull Market Overview ▪️pullback in progress still ▪️3300 USD cleared by the BEARS ▪️market gapped down at open ▪️3300 is heavy resistance for now ▪️Compression on lower timeframes ▪️Flag on Flag Bearish pattern ▪️short-term expecting more losses ⭐️Recommended strategy ▪️Short Sell Rips/Rallies ▪️TP Bears 3150 USD
FOREXCOM:XAUUSDShort
by ProjectSyndicate
19
Magnificent Seven: Still Magnificent? Or Diverging for Good?The Nasdaq 100 has bounced, but under the surface, the “Magnificent Seven” are no longer marching in sync. And this divergence matters, especially if you’re trading QQQ or using it as a momentum proxy. ⚔️ Leadership Rotation in Real Time - Nvidia (NVDA): Still a beast. Making fresh highs, clear institutional momentum. - Microsoft (MSFT): Quiet strength — not flashy, but technically clean. - Meta, Amazon: Holding up, consolidating after major runs. - Apple (AAPL) and Tesla (TSLA): Weak links. AAPL can't find a bid. TSLA is stuck below major resistance. Trading QQQ directly? Consider weighting your thesis by what’s working under the hood. - QQQ reclaimed the 200-day MA with the May 12's gap echoing the broader S&P move. - Look for a retest of the resistance and the previous high of 540 - Play breakouts with confirmation, or mean-reverting pullbacks. 🧠 Final Take The Magnificent Seven are splitting into two camps: those still driving the rally, and those dragging it.
NASDAQ:QQQ
by JinDao_Tai
US10 YR Yield Weekly Chart Analysis: NFAUpdate: May 15, 2025 -As per my last update(April 5, 2025) about the gap between March 24th candle and March 31st candle that any candle body close above that gap will invert that gap from resistance to support and Upside target will be Jan 13, 2025 candle High - We had a candle body close above that gap and now its acting like support. -Now i am expecting the bullish trend to continue and long term upside target is Jan 13, 2025 candle High and Short term upside target is April 7, 2025 candle high
TVC:US10YLong
by CryptBo88
1
OEX /SPX Bullish wave 5 pattern crossroads The chart posted is the sp 100 I am posting it as we are now at the crossroad for bull or bear count .We have rallied to .786 as I will show and have a wave a x 1.27 = c at the .786 High But if we break above 5922 in the Cash SP 500 There is NOTHING to stop it from reaching a target of 3005 in the OEX where wave A up or wave 1 x 1.618 = wave C Top or wave 3 in the SP 500 WAVE A or WAVE 1 up 5481 - 4835 = 646 x 1.618 =1045 plus wave B low or wave 2 5102low= 5102plus 1045 =6147.22 The exact high . This is the reason I took the loss and moved LONG .Best of trades WAVETIMER
SP:OEX
by wavetimer
SPY/QQQ Plan Your Trade For 5-14 : Carryover PatternToday's pattern suggests the SPY/QQQ may attempt to stay somewhat elevated. The Carryover pattern is essentially a pattern saying, "expect more of the same type of trending today". I would suggest the SPY/QQQ are somewhat extended and may pause a bit today. I shared a chart I created back on March 23, 2025 that I found very interesting - showing a big rally in late-April/early-May. If that chart continues to be accurate - it suggests the markets may attempt a reversion move to the downside over the next 20-30+ days. Time will tell if my predictions play out accurately or not. Gold is moving into new BEARISH trending on the GOLD Cycle Patterns. After an extended consolidation phase in metals, this shift in the trend models was going to happen at some point. Now, we need to see if Gold/Silver can hold above recent support or not. Even though I believe Gold/Silver are poised for another big rally, the disruptions related to the global economy and tariffs seems to have taken some of wind out of the sails of the metals rally (for now). Bitcoin continues to lead the SPY/QQQ. Keep an eye on what BTCUSD does over the next 7-15+ days as I believe it will lead the US markets in trending (still). Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYLong
by BradMatheny
2