SPY/QQQ Plan Your Trade For 1-15 : Inside BreakawayToday is going to be a very interesting day.
Mortgage data came in very strong, while CPI data came in moderately weaker. That is setting up a very strong GAP RALLY phase in the markets.
Shorts are going to get SQUEEZED HARD this morning, and I suspect we may see a carry-through rally lasting most of the day.
Be cautious of a pullback after the big GAP opening (higher) this morning.
Gold and Silver are attempting to move higher - which is perfect if the US Dollar weakens moderately. Overall, Gold and Silver are attempting to hedge risk factors into 2025.
Bitcoin will likely run into resistance just below $100k and attempt to fall downward again.
This is a very exciting week because it appears the markets are shaking off the debt/credit/yields concerns and moving back to normal.
Remember, where else will investors place their capital for Growth and Returns - other than the US? As I see it, the US markets are still the 900lb Gorilla in the global markets simply because of the ability of the US economy to rebound and recover much quicker than other foreign economies.
Get some.
BIG SHORT SQUEEZE this morning.
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Spy!
Nightly $SPX / $SPY Predictions for 1.15.2024🔮
📅 Wed Jan 15
⏰ 8:30am
📊 Core CPI m/m: 0.3% (prev: 0.3%)
📊 CPI m/m: 0.4% (prev: 0.3%)
📊 CPI y/y: 2.9% (prev: 2.7%)
📊 Empire State Manufacturing Index: 2.7 (prev: 0.2)
⏰ 10:30am
🛢️ Crude Oil Inventories: -1.0M
💡 Market Insights:
📈 GAP ABOVE HPZ:
On a gap up, we will hold and run higher. Weekly will pin it down.
📊 OPEN WITHIN EEZ:
Pullbacks here and there but will get bought up.
📉 GAP BELOW HCZ:
Everyone will eat up this drop; definitely look to position bullish here...again.
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SPY Mid week analysis 1/14/25SPY - Monthly reversal is now being negated as we moved back above the monthly 2-2d trigger at Prev Month Low. We are also now failed 2D coming back through previous week range. The daily went 2-2 rev, but closed failed 2u as we made higher highs, but closed red near mid range of the day. The question for tomorrow is do we continue pushing back through last weeks range to expand the BF created by the 3 from last week, or do we take the failed 2u - 2D reversal, reconfirm the Monthly reversal down as well as the weekly 3-2D. We have a 3-1 setup on the 4HR as well as an inside bar 60 which is what I will be watching going into open tomorrow assuming no gap up or down. Should be an exciting rest of the week as we look to see if bears can reclaim control on the W and M, or if Bulls are setting up for a recovery back to ATH.
Levels to watch: Current 60 inside bar High and Low, Current 4HR bar high and low, Prev month low, 585.96 for upside which is the 2-2U rev target we did not get to today, but may compound 2Us tomorrow to get to if the bull scenario is playing out.
How to swing long the SP500?CAPITALCOM:US500 / 1D
Hello Traders, welcome back to another market breakdown.
SP:SPX is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for a pull-back to the previous daily range for a strategic approache.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Last swing high.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo
SPY/QQQ Plan Your Trade For 1-14 : Harami/Inside PatternToday's pattern suggests the markets will stay somewhat flat/sideways related to building a base.
Yesterday, 1-13, my broad cycle patterns suggested the markets would establish a "base" - leading to a "peak" on 1-18 and a major top on 1-20. Because of this, I believe the markets will attempt to melt upward into a peaking pattern (with the SPY possibly reach 595-598) before stalling out ahead of the Inauguration event.
Gold and Silver may follow this trend after stalling a bit today. Overall, I believe Gold & Silver will move upward attempting to hedge against global risk factors playing out over the next 30+ days.
Bitcoin rejected the breakdown move yesterday - setting up another attempt at a THIRD sideways FLAG formation in an EPP pattern. This is very unusual - but given what the markets have been doing over the past 30 days - it is what it is.
More than likely, we'll see Bitcoin rally a bit higher (near $100k), then stall again and attempt another breakdown event.
Yesterday's new low suggests a breakdown is likely.
Get some.
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$SPY Weekly Options | Last Week's Put +185%AMEX:SPY
Our range is $570 to $589 with our entry pivot at $580. For these options, we use 15-30 minute candle CLOSES for confirmation and stop-loss.
📜 $585 CALL 1/27
Entry: Confirmation over $580
Target🎯: $584, $585, $589, $595
📜 $570 PUT 1/27
Entry: Confirmation below $580
Target🎯: $575, $570
SPY Gap Filled - Local Bottom - More SendTrading Fam,
I am not overlooking the small H&S pattern seen on this chart. I am simply presenting alternative data. What if that H&S pattern fails? It can happen. Even if we do drop further, our target down is that pink horizontal trendline. Will we get there before more buying ensues? Possibly. But this market is still bullish. The larger bull trend is still very much in tact.
Additionally, we can see that an important gap has been filled. Therefore, it is very possible that the small H&S pattern we see here will not reach its target down. If that is the case, we'll turn up again, continue through my Target #2 which was already hit, and proceed onward and upward to my final Target #3 (670-700) until that is reached sometime in 2025. Therefore, you are not wrong to start DCA'ing in at this point.
✌️ Stew
Here's what's happening early premarket $2.28 to $4.88 $STAFStarted with after hours pop right around market close, held support line all the way into after hours close and continued with another pop right at preamarket open to doubled level.
S&P ES Short setup target 5811 / Put SPY target 574Fibonacci technical analysis : S&P 500 E-mini Futures ( CME_MINI:ES1! ) has already found resistance at the Fib level 78.6% (6057.75) of my Down Fib. Last Daily candle (Jan 7) has closed below retracement Fib level 38.2% (5963.75). My Down Fib guides me to look for CME_MINI:ES1! to eventually go down to hit first target at Fib level -27.2% (5811.50).
S&P CME_MINI:ES1! – Target 1 at 5811.50, Target 2 at -61.8% (5731) and Target 3 at -78.6 (5691.75)
Stop loss slightly above the 50.0% retracement Fib level (5991.25).
Option Traders : My SPY AMEX:SPY chart (Down Fib from 602.48 to 580.50) shows price to go down to Target 1 at -27.2% (574.52), Target 2 at -61.8% (566.92) and Target 3 at -78.6 (563.22)
Stop loss slightly above the 50.0% retracement Fib level (591.50).
Bull & Bear into the New Year | Week 1 2025 $SPY OptionsAMEX:SPY
Last week, our $585 PUT 1/13 was a killer, producing two daytrades that ran for 50% and 132%!
Here is what we are watching for this week:
We have reclaimed bullish trend and expect consolidation within this range from $584.59 to $607.45. Last two weeks have been low volume and profit taking. We are using this bullish trendline for confirmation using 15-30 minute candle closes.
$601 Call 1/24
Entry: Retest and hold of bullish trendline
Targets 🎯: $599, $601, $603, $608
$590 Put 1/24
Entry: Breakdown and failed retest of trendline
Targets 🎯: $590, $584.59
SPY/QQQ Plan Your Trade For 1-13-25 : Inside BreakawayToday's video highlights some of the deeper, more detailed research I do behind the scenes for all of you.
My SPY Cycle Patterns are just one part of what I attempt to develop to identify opportunities and to help guide all of you toward success.
And, trust me, creating and reviewing all of this data, creating all this content, and staying ahead of the markets is not an easy task. It takes insight, knowledge, and experience to be able to try to read these charts, plan for what the markets are likely to attempt to do in the future, and try to convey that information to you in a concise format.
You'll see my suggestion the markets will attempt to establish a new low early this week, then REJECT and move higher into the Inauguration.
I know it seems counter-intuitive to suggest the markets are breaking downward while telling you to expect a REJECTION and a brief move higher - but price moves in waves - not in a straight line.
Gold and Silver are pulling down as the initial selling pressure drives a bit of a panic in metals. This downward move should end with a strong rally where Gold attempts to move above $2800.
Bitcoin, on the other hand, is the hard asset I believe will see the bigger decline - possibly targeting the $72-74k level before the end of February.
I believe the Excess Phase Peak pattern is confirming the move down to consolidation right now, and that low (possibly near $72-74k) will act as temporary support before a much deeper low is set.
Remember, we are just getting started into 2025. so we have lots of time to try to manage and trade our accounts into profits.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Strategy Winter — Spring 2025. S&P500 Index Choking DiagonalUS markets were shacked on Friday, January 10th, after the December NFP jobs report came in much stronger than expected.
The US economy added 256,000 jobs in December, well above the average economist estimate of 155,000. The unemployment rate unexpectedly fell to 4.1% from 4.2% in November, although it remains above its 6-month simple moving average.
The Nasdaq-100 immediately fell about 1%, while the yield on the 10-year US Treasury note jumped nearly 10 basis points to 4.785%, its highest since October 2023.
The strong payrolls report further strengthened the case for the Federal Reserve not to cut interest rates again until at least 2025.
The move in stocks and bonds is a continuation of what has been happening in recent weeks: After a period of mega-euphoric optimism, investors have begun to expect higher inflation driven by President-elect Donald Trump’s proposed trade and fiscal policies. If bond yields continue to rise, Americans will feel the brunt of it.
The CME FedWatch Tool shows that markets now expect just one rate cut of 25 basis points this year, down from as many as three at the end of last year. The odds of no rate cuts in 2025 more than doubled to 28% on Friday morning.
The dollar index TVC:DXY skyrocketed to the Moon, while the yield on 10-year U.S. sovereign bonds TVC:TNX stays well above 4.5%.
Endogenously, the market has been preparing for such turbulence for a long time, as discussed in the previously published idea “Strategy 2025. BTC Airless Scenario Below $100'000 Choking Point” .
I have to remind that the financial market had tough weeks in December 2024, but it could also face a tough year in 2025, as I noted then.
The market was on track for its worst weeks in years after the Federal Reserve gave a hawkish forecast for interest rate cuts in 2025. But looking at the market internals, it was clear that the damage had been done well before the December Fed meeting – and this signal was a historical indicator of tough times ahead.
Thus, Dow Jones Futures CBOT_MINI:YM1! ended 2024 with the 3rd RED WEEK in a row, forming the Bearish Candlestick Pattern "Three Black Crows" on the weekly timeframe, which developed, remarkably, from the all-time highs of the Dow Jones index.
Last week, Dow Jones Futures ended with the 6th RED WEEK in a row - and this is a rather rare event.
Historical backtest analysis over the past 25 years shows that this can lead to a further (at least) 10-percent drop for the Top-30 stock club.
Bulls have done a lot of work, advanced more than 2,000 points in 2023-24, for the S&P500 index. However they were unable to finalize their achievements confidently above the round 6-thousand mark by the end of 2024.
By the way, the same inability in Bitcoin to finalize 2024 above the round 100,000 mark is now repeatedly throwing the market back to lower price marks, as discussed in the recently published idea.
The main technical chart indicates a suffocating bearish diagonal in development for the S&P500 index, with targets for decline down to 5'250 points.
S&P 500 is gearing up for a drop to $348.11 or even $218.26.SP:SPX AMEX:SPY are gearing up for a potential crash. Markets and indices seem aligned for a downturn.
What will trigger it?
Hard to say, but watching the stock and crypto markets, it certainly looks that way.
My expectations for SPX / SPY:
➖ Fibonacci 161.80% targets have been reached.
➖ Key downside levels: $348.11 and $218.26.
TVC:DXY
The dollar index is leaning towards growth for now. I think it might follow this scenario. Let’s keep an eye on how things develop.
"Market Corrections Ahead of the Presidential Inauguration."Corrections are a part of the stock market, signaling moments of weakness and opportunity. Here's a breakdown of the current market decline levels, ranging from the recent 5% pullback to the potential 20% drop that defines a bear market. These are the levels that I will be watching to let me know the momentum of this current shorter term downtrend.
Historical Context:
Over the past 50 years:
5-10% declines occur about 3-4 times per year on average.
10-20% corrections happen roughly every 2-3 years.
Full bear markets (20%+ declines) are rarer but significant, averaging one every 6-8 years.
This chart visualizes the current levels, helping traders and investors understand where we stand in historical context and where the market could potentially head.
Always remember that as hard as some corrections and declines can be, they all create buying opportunities for long term investors.
SPY H&S is breaking. The market may have just flipped!H&S Broke it's neckline and the overall $580 Support.
We are seeing this break of support across the NASDAQ:QQQ AMEX:IWM as well.
This is all leading me to believe strongly that we are now in a crash or correction in these markets. I personally sold out of all my TRADES and am HOLDING and DCAing in all my INVESTMENTS.
The difference here is my Trades where to the upside and with the markets telling us where we are most likely heading now I am not staying in trades to find out if it will be for 5% or more to the downside from here as this would lead to all long trades getting pulled to the depths of hell.
There are no certainties, and before, based on what I was seeing, I said I believed we would bounce and hold this area (Which could still be the case), but all reasoning behind that has been ruptured, and I have nothing left to believe in that besides small criteria.
To be a good or profitable trader, you need to be not stubborn, follow a set trading strategy, and be reactive to the markets and what they are telling us—not go against the overall trend! All we have are charts and indicators to help us make our best assumptions of what will happen. More criteria pointing in one direction is the way you have to assume we will go...well we went from pointing up and for an imminent bounce to most criteria pointing down for what will either be one of the biggest fake outs ever's or a correction/ crash in the markets after a massive 2 year bull run. Only time will tell at this point, but I wanted to make this post to inform everyone here about what I personally did and what I'm seeing.
I DID TALK ABOUT A CORRECTION/ CRASH THIS YEAR IN THE MARKETS IN MY 2025 PREVIEW BUT SAID SECOND HALF AND THAT WAS MY BEST GUESS...
As always this is NOT FINANCIAL ADVICE and NEVER WILL BE!
Everyone needs to play their own book and make their own ADULT decisions.
SPY Hourly Insight 01/08Today SPY did manage to fall below that 586 level that I mentioned yesterday, and filled that gap below. Buyers quickly stepped in and defended that level again. I'm bullish only if we continue to defend that range. Today was definitely a scalpers paradise, on the hour we ranged and chopped all day. Tomorrow markets are closed in remembrance of President Jimmy Carter. We are double inside on the hour for all my straters out there, which could give us a push to those higher levels if we break out of that consolidation. These are the levels for Friday that I will be watching.