SPY/QQQ Plan Your Trade Update : Big Rally Closing Out 2024Over the course of the past 6+ months, I've been sharing research and content to try to help traders all over the world learn to profit by making better decisions.
Some of the comments I've received have been very positive. But some of the comments I get are negative and some people have explained how they continue to lose money trading.
In my mind, if you are gambling with your trading account - you will likely lose money.
If you are actually trading (trying to book profits ASAP) and grow your account efficiently, you can make consistent money trading small amounts.
In order to try to illustrate this example of trading, I created a $1000 trading account and limited myself to only trading $333 (MAX) per day.
Here are the rules I set for myself...
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Trading Plan
- Start with $1000 in capital
- Break that capital into 1/3 Daily limits
- Trade no more than 2-4 times a day
- Try to target 1-2 short term-trades and 1-2 intermediate-term trades each day
- Attempt to keep my losses limited (depending on market volatility)
- If I lose more than $300, I will stop trading and reevaluate what I’m doing right/wrong
The Daily Average Goal is 15-35% or more over a 30-day period of time.
I will try to execute the trades early in the morning and share the trades with Ment.com members.
I will attempt to pull the short-term trades off as early as possible (trying to lock in gains).
I will attempt to let the intermediate-term trades run a bit longer (possibly more than 1-2 days) in an effort to catch bigger price swings.
I will not attempt to chase market trends unless I see a very clear A-B-C type of price pattern.
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After just five days of trading, my account is up over $45% and I've never risked more than $250 - $300 per day trading Options.
Anyone can do this - you just need the right tools and guidance.
You can DOUBLE your $1000 trading account every 20 to 30 days if you are diligent, consistent, and really learn to trade (not Gamble).
What is it going to take for you to learn how to trade efficiently?
I'm trying to show you HOW to do it and HOW to learn the skills to improve your life.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
S&P 500 (SPX500)
SP500 - #SPX melt up targets for cup and handle pattern.BLUE SKIES
Would you have believed it
If you were told a year ago.
When every expert was predicting a recession.
(which will come of course but when no one is expecting it )
So the conditions are set for a melt up
I believe #Bitcoin bottoms very shortly maybe this week or next
(grab some bitcoin miners!)
ENJOY THE NEXT few months!
#CNBC will trumpeting SOFT LANDING
Investors will believe interest rates are falling because of low #Inflation
Which is when the next slowdown will hit.
This cycle has been crazy and hard to follow the main trend.
The stimulus was unprecedented
Remember this cycle started in 2009... 15 years ago
We are near the end!
But first SPX to smash 5000 and than potentially we hit that 6000 number
SPY/QQQ Plan Your Trade For 12-20 : GAP PotentialToday's pattern suggests the SPY/QQQ will present an opening price gap (in this case lower) and likely attempt to find support near these deep lows.
I really want to point out how my Anomaly call, nearly 45+ days ago, really played out perfectly.
It is so difficult for me to try to explain what I do with my research and analysis - but ultimately I simply call what I see based on the data.
The last few days have prompted me to really push my efforts to continue to deliver superior research and analysis for my followers and subscribers.
Ultimately, it is about helping people learn to become more profitable and learn to wait for the best trade setups.
Gold & Silver are moving into a CRUSH pattern today. This could be a BIG MOVE for metals - and I believe the move will be to the upside. Don't get married to this move yet. The bottom is still setting up for metals.
Bitcoin is collapsing through the EPP pattern. The ultimate low setup could still be a move below $90k, so be prepared for more downward trending throughout the end of 2024.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Downward pressure on S&P 500 Index intensified past daysYesterday's sell-off damaged the S&P 500's 50-day moving average. While we initially saw a bounce back at the opening, it didn't hold. This makes the 5925 level a critical point to watch as we head toward the end of the year.
For those keeping an eye on the charts, a trendline has been intact since the low in October 2023. Although it was breached during the August downturn, we managed to rally back into the bullish channel that's been forming since the fourth quarter of 2023. This channel offers support around the 5800 mark, and I anticipate this level will hold as we close out the year. Should we dip further, the following support levels to watch are 5690 and 5525.
While I don't foresee us dropping to these lower levels before year-end, it's essential to acknowledge the potential downside risk. The market sentiment shifted following the Federal Open Market Committee (FOMC) meeting, giving sellers the upper hand for the first time since the summer.
Rate Cut Disappoints: Stocks and Gold Experience Sharp Declines◉ Abstract
On December 18, 2024, the Federal Reserve lowered interest rates by 0.25%, marking its third cut in a row. However, the Fed also said it might not cut rates much more in the future because it expects the economy to grow stronger and inflation to continue. This cautious message worried investors, causing a sharp drop in the stock market.
The S&P 500 fell about 2.96%, its biggest one-day loss since August. Gold prices also dropped by around 1.6%. The declines in both stocks and gold show that investors are feeling uncertain about the economy and are rethinking their investments based on the Fed's outlook.
Continue reading the full article:
◉ Introduction
On December 18, 2024, both the S&P 500 and gold experienced significant declines, driven primarily by the Federal Reserve's monetary policy decisions and market reactions to economic forecasts.
◉ Federal Reserve's Decision
● The Federal Reserve cut interest rates by 0.25%. This is typically a positive move for equities and commodities like gold.
● However, the Fed signalled a more cautious approach to future rate cuts, expecting stronger economic growth and persistent inflation.
● This cautious outlook raised concerns about the possibility of limited future rate cuts, which spooked investors.
◉ Market Reactions
1. Stock Market Decline
● The S&P 500 fell by approximately 2.96%, marking its largest single-day percentage drop since August 5th.
● The market's reaction reflected a realization that previous optimistic expectations about aggressive rate cuts were misplaced.
2. Gold's Decline
● Gold prices dropped sharply, with an intraday decline of about 1.6%.
● Gold, while a safe-haven asset, is less desirable in a rising rate environment due to increased opportunity costs.
● With the Fed's indication of fewer future rate cuts, investors shifted away from gold.
◉ Overall Market Sentiment
The simultaneous decline in both equities and gold can be attributed to a broader market sentiment that reacted negatively to the Fed's cautious outlook on inflation and growth prospects. This created a risk-off environment where investors were uncertain about both stock valuations and commodity holdings.
S&P 500 Comes Back From Extreme "Extreme"In the S&P 500, we observe a very similar scenario to the Nasdaq (see link to the NQ chart).
It’s worth noting that we’ve seen this situation a few times before: the price traded outside the orange fork, moved back into the fork, but then left behind a "Hagopian" and shot back above it.
This is irrational market behavior caused by artificial buying pressure (Gamma Squeeze).
Now, we see the market bouncing off the 1/4 line between the warning line and the U-MLH of the white fork. And yet again, we’re trading within the orange fork.
What now?
Back up again or is it really heading down this time?
Read my lips: "I - Don’t - Know." §8-)
Buuuut, the projection and the extent of the over extension lead me to believe that this time, it’s going to crash!
Like in the NQ, my stance here is **short** for the coming weeks, and possibly even months.
SPY/QQQ Plan Your Trade For 12-19 : Top PatternToday, we should expect the SPY/QQQ to move a bit higher - trying to form a short-term top before price rolls downward again.
I urge traders to stay very cautious of early trending and look for a bigger opportunity later in the day as price rolls downward.
Gold and Silver are struggling. I still believe Gold and Silver will rally higher as fear elevates. But right now - that is not happening.
I need to see Gold and Silver move away from this panic selling before I can become move convinced of a trend.
Stay cautious if you are trying to trade Gold and Silver right now.
Bitcoin is moving through an EPP pattern very cleanly - actually a DUAL EPP pattern.
$95-$99k should be the downside price target throughout this move.
Get some.
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S&P 500 Potentially BullishFOREXCOM:SPX500 has been in a bullish direction. We have seen it make new highs and right now it is coming for a retest on the previously broken high. I will wait for a retest and see some price action at the 5,875.2 area before going long.
Until then, fingers crossed.
Past results does not guarantee future results, please do your due diligence
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SPX500 Will Go Up! Long!
Take a look at our analysis for SPX500.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 5,900.98.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 5,967.79 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Hellena | SPX500 (4H): Short to support area 5846.5.Colleagues, I assume that price is completing a five-wave upward movement. I believe that the price may reach the resistance area of 6181.6 then I will consider only downward movement in correction to the area of 5846.5.
It is possible that the price will immediately start moving towards this area, but this is a more risky plan.
Still, I would like to see the completion of all waves “5” in one place!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
DXY Weekly - Dollar IndexSimple Trading - Wyckoff Event
If the event has started then the dollar index will have one heck of a year coming into Q1 and Q2.
Watch for volume change on the intraday day time frame and expect the trend to continue bullish.
Long story short the DXY is growing strong with the rise of BTC and Donald Trump being elected President.
Targets:
109.40 - previous support
111.50 - .616 Fibb level
113.80 - .50 Fibb level
2024-12-18 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
tl;dr
sp500 e-mini futures - Neutral. Selling was too strong to be just a pullback in this bull trend. Best guess is that the trend is over and we are in a huge two-legged correction down to 5800 or lower. 5927 was the low from my W2 and we can expect sideways to up around this price. The lower bull wedge trend line should get a retest.
comment : Bull trend is over. We are likely in a trading range the next weeks until we begin a new bigger bear trend. Bulls can still make a higher but it has gotten very unlikely after today’s selling. Huge follow-through would be down to 5800 but that’s a bit much for now. A bounce could retest the lower bull wedge line around 6000-6050, depending on when we get there, if we get there.
current market cycle: trading range
key levels: 5800 - 6050
bull case: Bulls might be running for the exits. Very interesting day tomorrow if bears can close another one below 6000 or if we trade back up. I would only take longs on very strong momentum. First target for bulls is 6000 and then 6050ish.
Invalidation is below 5800.
bear case: Bears with a huge surprise bar, changing the market character and ending this rally. Now their target is to keep the market below 6000 and then they have a chance of selling down to 5800. It is still somewhat unlikely to see bigger follow-through selling during these weeks of the year but it could happen. Right now it’s best to be flat and wait if bears want more blood.
Invalidation is above 6100.
short term: Neutral. Only small scalps for me to either direction. Can have bigger swings going into Opex on Friday. Expecting a bigger bounce going into the last 2 weeks of December and then much bigger selling in Q1 2025.
medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week.
current swing trade: Nope
trade of the day: Nothing. Don’t gamble FOMC or other news releases.
Why I think the SPX500 upside is now capped to 6285 maxIn this video, I have covered century long Elliott Wave counts briefly to present a case on why we are close to completing the upside and soon will be rolling over to the downside. Only one leg on the upside seem pending and that should not extend beyond 6285.
Watch the video for details.
P.S. - There is some disturbance in audio during start so please bear with me.
SPY/QQQ Plan Your Trade For 12-18 : Gap Up LowerPay attention to the SPDR Sectors and how they appear to be moving downward (potentially rolling into a topping pattern).
I believe the US markets may roll into a topping pattern before the January inauguration. President Biden could throw a bunch of curveballs at the US before he ends his term.
I urge traders to stay agile and protect assets. We'll have lots of time to deploy our capital after the Inauguration event.
With only a week before Christmas, I urge everyone to start trading much smaller positions and prepare for a very light trading week through Christmas.
Remember, the markets typically begin to move more aggressively after January 7-10.
Get some.
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3.5% Decline on The Dow Jones 30 But Is This Unusual?Looking at the trend structure over the last 8 months, we can see a pattern play out.
Since April, pullbacks of between 3.5% and 7% have been part and parcel of the Dow Jones’s trend structure. (highlighted in red)
The current pullback of 3.5% falls within this range.
Note also how our trend filter remains mostly green and grey, with speckles of red, since April, in line with the long-term bull trend.
The index has now fallen to the d50sma (orange line), where we want to see it find support, bounce, break out and continue its climb to 50,000, as it has done since April.
The Dow Jones is also a good example of how trend structures can change despite no change in direction.
October to March saw a much faster trend, using the d20sma (blue line) as support, eventually breaking through in April and leading to a change in trend structure.
The Dow Jones is currently lagging behind the Nasdaq 100, which is setting record highs above 20,000 for the first time, and the S&P 500, which has settled into a mini consolidation above the 6000 level.
We ideally want to see Santa deliver in the final 2 weeks of December.
However, if the indices and stocks don't show new trend continuations through the rest of 2024, we want them to hold within consolidation, which will act a bases for trends in the New Year.
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2024-12-17 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
tl;dr
sp500 e-mini futures - Neutral. Prices are messed up due to contract change but my lower targets were hit and market is in balance at now 6140ish. Huge support 6115 for the bulls and bears need a strong 1h bar close below it for lower prices. Bulls are in full control when market can only go sideways right under the ath.
comment : Both sides made money today so I expect them to do the same tomorrow. If anything I see the chances of another bull breakout higher than a break below. We have clear support at 6115 and until this is strongly broken, look for longs near it.
current market cycle: bull trend - late and will end soon
key levels: 6115 - 6200 (contract change, so prices are much higher compared to Monday)
bull case: Bulls are still buying the dips and making money. They prevent any stronger selling and that is why most will expect a break above the 1h 20ema tomorrow and the bear trend line. 6150 is their target for tomorrow. Depending on what Jpow delivers, we could melt up again but it’s a gamble I am not willing to take tomorrow. Many bulls also bought this because it’s close to the daily 20ema. We have closed once below it in the past 6 weeks.
Invalidation is below 6100.
bear case: Bears are trying but getting nowhere. They make money scalping but that’s about it. How likely is acceleration downwards? Very unlikely. Most bullish weeks of the year and markets are at peak euphoria.
Invalidation is above 6200.
short term: Neutral. FOMC tomorrow and if anything I expect bulls to trade back up to 6180 going into it. 6115 - 6140 is neutral. Bearish only below 6100.
medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week.
current swing trade: Nope
trade of the day: Selling since Globex or buying previous support 6115. Bears kept it below the 1h 20ema which had 3 great short opportunities today but bulls also had decent bounces off 6115.
Is the financial system entering a new era?This chart is one of the clearest and most striking indicators of the S&P 500 and Monetary Expansion around the world on a monthly basis.
Is history repeating itself or is the financial system entering a new era ?
Markets are rising again after the Mortgage Real Estate Crisis in 2008 and the Covid-19 Pandemic in 2020. But what is behind this rise? Could the fact that the S&P 500 has held its value while the money supply has skyrocketed be a harbinger of a new growth cycle?
What is remarkable;
In the 2008 Real Estate Crisis, this ratio, which had been steadily moving above the trend line, was pulled down sharply and trapped below the trend line. For many years, there was an invisible pressure to maintain the trend below this line.
Whenever the trend line started to be tested again, this rate was pushed down again by the Covid-19 pandemic in 2020 .
January 2024 is a historic turning point;
It managed to rise above the trend line after exactly 16 years and entered a steady uptrend. This development sends strong signals that a brand new economic order has been established in the world.
So what happens now?
After testing a new ATH level , what crisis or crises await us in the markets? Or is the financial system heading for a completely different course from the historical scenario this time?