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Spx500long

TLT weakness & bond weakness, TLT down to $132TLT is a 20+ year bond ETF that made strong highs throughout the rate-cutting cycle and rightfully so. The inversion of bonds vs the equity market has caused bond yields to drop and because of that since the price of bonds is directly inversely correlated to their yields, prices in TLT and other bonds have been increasing. The low rates have come to a halt as the rate-cutting cycle has stopped, or so we think it has. TLT has since then entered a downtrend in a channel and looks to be continuing in that respect. Bond yields are so low, that the convergence with the SPX is imminent, we've seen a slow increase in yields which will further push the price of TLT down. Another factor is that the equity market is continuously showing strength and looks to be on the rise for the next few months based on FED policy to pump more money into the economy. The volume on TLTto the upside has decreased as well and every swing lower is accompanied by strong volume. Disclaimer: This idea is for educational purposes only, this does not constitute investment advice. TRADEPRO Academy is not liable for any market activity based on this idea.
NASDAQ:TLTShort
by TRADEPROAcademy
Where to get in on SPY? 302-305 longs? Investors and traders alike are looking at this thing and getting frustrated if they haven't been able to catch any of this long and no one wants to buy the top with the hopes that the upside will continue. So what is a good entry location for continued longs on the SPY? A preferred retrace is the convergence of multiple things. 1. A retrace that is no more than 5% because that would open downside floodgates, we're looking for something around the 3.50% retrace area. 2. Respects the market structure, the bull trend will continue if the retrace creates a higher low, which would be at the wedge break ($305) 3. It respects the support/resistance level we have mapped out based on the volume profile edge, which happens to be a previous all-time high ($302) 4. Volume on the move lower into the support is weak. While volume on the pop above gets strong. 5. The 50% retrace from the start of the move higher to the current high is right at around $303, so the buy zone is calculated to be around $302-305. This will only hold true if your personal risk management and analysis conditions are met. Disclaimer: This post is strictly for educational purposes, this does not constitute as trading advice or investment advice, TRADEPRO Academy is not responsible for anyone's market activity.
AMEX:SPYLong
by TRADEPROAcademy
1
Bear flagNice little bear flag or pennant printing on the hourly up to the daily. Volume is DED dead, people are fading gap ups in the morning, and the news flow is slowly starting to roll over, or algos are running out of cash. But, crazier shit has happened. Technically i would expect this to break down in the southern direction to the major multi year "megaphone" top trend line around $306, but we'll see. If we bust that, expect a test of the $302-303 area, but i see that as doubtful unless we have a huge negative catalyst.
AMEX:SPYShort
by merkd1904
Something's not right here.The indicator on the bottom is called the cash in/cash out indicator and it's averaged over 100 periods. It indicates net selling since the first Jpow rate cut at the end of July. There has been net selling to the tune of a running sum of -124,924,564,001.and some change the past 100 trading days on SPY. But, we're now up another 8% from the lows of 10/08.. That's a divergence. It doesn't make sense. In order for there to be a healthy bull market/trend there needs to be the normal breathing of the security price. Trend, counter trend, trend, counter trend. Now it's never that simple but for something like the SPX to go on such a tear over the course of a month is not normal. Especially when you have net outflows on both SPY, and the QQQ. That means more people are getting out than in. But the market's going up, quick like. We're not trading on fundamentals or earning's. We're trading on fed fuel and headlines. Meaning the market is pricing in on hell of a deal, and expecting more QE if shit goes sideways (which they'll probably get). "As the central bank’s balance sheet has expanded, the S&P 500 has grown at almost the exact pace." "The results: a $175 billion expansion of the Fed’s balance sheet to $4.07 trillion, representing growth of 4.5% since the operations began. During that time, the S&P 500 has risen just shy of 4%." www.cnbc.com We're inflating a bubble. Again. If we don't have some sort of a correction or pullback shortly i'm expecting a blow off the top and it'll be fucking ugly.
AMEX:SPY
by merkd1904
2