Get started

SPXS

SPX500 SPY SPX update (STILL IN PLAY)We have fallen below the upward Extra Bullish trend channel i gave you back at the MARCH lows. It seems rather clean and clear that currently my channel is now acting as Resistance so its still in play so to speak and worth keeping and watching. When everyone FREAKED out and sold off the crash we really only dropped to EXACTLY the 1st line of support from the October trend. Which IF you follow me you've had these lines and this chart to use for reference since October and should have been watching for support like i previously stated might come into play soon and you would have been able to grab a nice quick play on just about anything in the sp500 and already sold for scalp profits again. If we reject fully from this channel that now seems to be R, I'll try buying again on the trend line currently around 4060. If and when we fall through this support/break support/crash again and everyone loses it. Look for the secondary line I gave you below it to act as a bounce at least is my guess. As that is actually the trend line from the October LOWEST point. If I'm wrong I'll say so when the time comes but so far these trends have been spot on since last year when i called the downward trend to begin AFTER Turkey day. Go back and find my charts from there titled something like Turkey or Thanksgiving massacre repeat.
SP:SPX
by rarebreed29
SPX500 SPY SPX update $420 Gap Fill?Does anyone remember last year when I kept talking about WHEN gap fill 420? NO well that's ok it can be found in my Trading view history. That scenario is looking much more likely all the sudden. For ME personally the BIG question will be how much more Bullish do I feel when and IF we get there. Is this just a LATE gap fill and or re-test of that area and an upcoming FAIL. Then we get the start of that REAL CRASH? The charts still have a LOT to say about seeing a lower LOW this year. I myself stated LONG ago that if we began breaking down there was no real support until the 2850-3150 ranges and i really wanted to see us get to a minimum of the 3300 ranges. Now some could argue the 34?? something we hit at some charts lows was maybe a good call considering that began when spx was everyone's next goal of $5k. lol. This for me myself becomes a time of really needing to assess what goes on in the BIGGER picture and to not get overly BEARISH along the way and miss my time. However lets not also begin buying TOPS again either. lol.
SP:SPX
by rarebreed29
2
SPX500 SPY SPX updateWe found support from the selloff that bottomed and ended on the 3/13/23 from a scribble i had given you in the chart's months prior. The lines i gave you going forward i have used to buy anytime we are at the bottom of my lines and sell anytime we are at the next line above it and or overly extended away from the top line all together and then rebuy when we come back to the line. If you look at the chart you clearly see on a DAILY basis this chart and these lines have given you a simple way to often DAILY buy the bottoms and sell the tops of just about any major stock in the index. Go ahead and double check if you like. IF something is working for YOU and or someone you follow gave you some SIMPLE formula to work with and its working. Then don't over think/over complicate the trading you intend to do by gutting caught up in the NOISE that happens daily on the stage.
SP:SPX
by rarebreed29
CPI Data | FOMC Minutes | $QQQ tightening Range- Fed minutes Wed 2pm EST - CPI Wed 530 EST - PPI Thursday 530 EST - added initial positions for AMEX:SOXS looking to add more if we get flat or lower CPI data then 5.1%. shorting the NASDAQ:SMH / NASDAQ:SOXX sector. - we have been tightening up in an equilibrium since last Wednesday will very likely break tomorrow. - NASDAQ:QQQ / AMEX:SPY will be using stair stepping candles as a guide to how to trade when data is release.
NASDAQ:QQQShort
by ArcadiaTrading
$QQQ $SPY Full Bull control but its a little extended.- QQQ and SPY has a very strong bull move last 4 days with zero signs of bears but they move is quite extended and im looking for a daily consolidation to shape up - If the consolidation is healthy the bull move will likely continue so i will be watching how the consolidation shapes up. - SPY is approaching some key resistance around 410 area also potentially shaping up a daily H&S we'll have to see how it trades around 410 Next week - i will be on team bull until bears show me signs of weakness during daily consolidation.
NASDAQ:QQQLong
by ArcadiaTrading
2
Trend is STILL your friend.Don't let other accounts CONFUSE you with all their talk and analysis you don't understand about es#'s etc. if your just looking for basics weekly /day to day etc. for where to buy and sell just keep it simple. #KISS AVOID the noise. These lines and simple charts I've given you have worked PERFECTLY. Even the lower levels i was showing you as where we could drop to ended up being EXACTLY what happened. lower support line was added to my charts i shared with you all last month, this month when everyone panicked on the sell-off i just waited untilk my next line to begin BUYING again. and at the TOPS i reduce and TP as well as pile on shorts. Rinse and Repeat.
SP:SPX
by rarebreed29
SPX - bottom in 2024 (NEW)hi traders! In September this year we have published a trading idea where we identified the Rising Broadening Wedge on SPX chart, which is a bearish pattern and we predicted more downside to come: In November we looked at the chart from a different angle and we published the idea where SPX continues the downtrend as it's getting rejected from the downsloping resistance line: Both publications are still valid and we expect those targets to be reached. Today, in this trading idea, we would like to show you something very interesting on a monthly time frame. What you can see on the chart is that: -Major trendline was acting as a support from the beginning of 2009. It's a very important support as we've never seen a monthly close below this trendline. In 2020 (COVID crash), the price faked out but eventually it closed above the trendline. -Last retest occured in March/April 2020 -We expect that the next retest of this key trendline will be in 2024 as probably the recession will get worse in 2023 . On the other hand, we don't expect such a huge drop like in 2008 /2009 when SPX dropped 57 %. False breakout below the trendline may occur like in 2020 but we believe that a monthly close will be above this major trendline. 2023 and 2024 will be a great time to accumulate stocks (and crypto) at huge discounts. The opportunity will present itself but it's not there yet. Patience is the key. Do you agree? Will the trendline hold this time? Or maybe you think that SPX won't retest it in 2023/24 and SPX has already bottomed out? Share your opinion in the comment section!
SP:SPXShort
by vf_investment
3
(WARNNG) Extreme Bear Volume in $XLF, Shorting next hourly LH- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning. - XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market - VIX up 20% - QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY down too. - lots of negative news and sentiment regarding banks and how much they dropped SI down over 80% in just two days. - Bears now in total control. - huge drop in XBI & IWM as well. SMH might go from lead bull to lead bear tomorrow looking to short the next hourly or 15m lower high pretty much almost on any bounce if we get a bullish reaction to data tomorrow during PM will be shorting that bounce.
NASDAQ:QQQShort
by ArcadiaTrading