Nightly $SPX / $SPY Predictions for 1.2.2024🔮
📅 Thu Jan 2
⏰ 8:30am
Unemployment Claims: 222K (previous: 219K)
⏰ 9:45am
Final Manufacturing PMI: 48.3 (previous: 48.3)
⏰ 11:00am
Crude Oil Inventories
📈GAP ABOVE HPZ:
If we gap above here,
its going to bait a lot
of traders
⛔OPEN WITHIN EEZ:
There is slight downside left.
A lot of people are still bullish
into the new years not good
for the longer rally.
📉GAP BELOW HCZ:
Will cause a mechanical bounce
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SPDR S&P 500 ETF (SPY)
2024 is a wrap - time for 2025 outlook - let's go2024 will be a memorable year
-23% gains
-Mag 7 + Semiconductors + Bitcoin all contributing nicely
-PLTR was the top performing stock in the S&P 500 (impressive 340.48%)
As always, 2024 wasn't in a straight line up, though it felt like it at times
VIX had #1 and #2 largest single day moves ever (Aug 5 and Dec 18)
April was a sticky inflation pullback month
August was a Bank of Japan deleveraging weekend scare
FED dominated the catalysts with guidance, narrative, and wait and see between employment and inflation data
2025 will bring new president, new policy, new Republican power. Many were excited about this but there are still checks and balances and markets need more reassurance than hyperbole. I plan to look at income plays and trading plays were buy and hold. Whatever I do own equities and ETFs wise, I want protection just in case the market isn't as straightforward and bullish like it has been since Oct 2022.
Happy New Year - thanks for watching!!! See you in 2025!!!
S&P500 - The Next 14 Days Will Decide Everything!S&P500 ( TVC:SPX ) is about to break all resistance:
Click chart above to see the detailed analysis👆🏻
Over the past couple of weeks, the S&P500 has been repeating the major breakout rally of 2021. Back then the S&P500 actually broke above the channel resistance and immediately rallied more than +15%. If we see the confirmed breakout, we will likely see the same thing happening again.
Levels to watch: $6.000, $7.000
Keep your long term vision,
Philip (BasicTrading)
SPY/QQQ Plan Your Trade For 12-31: Top PatternHappy New Year Everyone,
Today's pattern is a TOP pattern. This suggests the SPY/QQQ will rally in early trading, attempting to identify a resistance level and then rolling into a TOP type of pattern.
I don't expect the markets to fall much after reaching the top/resistance level. I expect it to be more of a stalling type of price action after reaching resistance.
Gold and Silver will likely attempt to confirm a base/bottom near recent lows. I don't expect too much movement in metals today.
Bitcoin moved below recent support, then rejected back to the upside. If this support fails, Bitcoin will move strongly to the downside over the next few days.
As we move into 2025, capital will start to rush back into the markets in early January. This low-liquidity phase will end near Jan 5 through Jan 8.
Be prepared for price to attempt to revert back into normal 0.5 to 1.25% price ranges - consolidating as liquidity increases in the markets over time.
Remember, the first half of 2025 will be very volatile - so buckle up and get ready for some big price rotation in early 2025.
Get some..
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Bull & Bear New Year SPY OptionsAMEX:SPY
We see the indices having a tough January. Long-term trend is still intact. The 10-year yield is a benchmark for bulls/bears. It needs to be down to 4% (currently 4.5%). If it hits 5%, the pullback will intensify. There is a high floor of support on pullbacks, notably the 50SMA ($580) and 200SMA ($550). We are not thinking bear market. We are overextended.
$595 CALL 1/13
Entry: Breakdown under white trendline
Targets 🎯: $595, $598.67
$585 PUT 1/13
Entry: Breakdown under white trendline
Targets 🎯: $585, $583.56, $580
Best of luck to you all and a happy new year from all of us at Pennybois!
🥂🎆🥳
SPY (S&P500 ETF) - Daily Price Consolidation - End of 2024SPY (S&P500 ETF) is currently in a short-term consolidation price pattern (end of December 2024).
SPY price needs to hold and rally above $583 to avoid a daily bearish head-and-shoulders resistance price pattern.
Support Prices to the downside are: $583, $577, $569, $555, $532.
Resistance Prices to the upside are: $592, $600, $604, $613, $626.
Several Key Events will be occurring in the USA, January 2025:
-CES 2025 Conference (week 2)
-Inflation Data (week 2)
-Stock Market Earnings Season begins (week 2 to 4)
-New President taking office, potential law changes (week 3 to 4)
-FOMC Press Conference (week 4)
Note: Any of the above events can cause stock market volatility and override technical charts.
Date: 12/30/2024 pm
Nightly $SPX / $SPY Predictions for 12.31.2024🔮
⏰ 9:00am
S&P/CS Composite-20 HPI y/y
1️⃣ GAP ABOVE HPZ:
If we do gap up
definitely be bearish
2️⃣ OPEN WITHIN EEZ:
There is a slight bullishness left
but I think that goes in the
premarket, trade the futures
if you want, but I do believe that
the last trading day will be a V shape
3️⃣ GAP BELOW HCZ:
Once again will cause a
mechanical bounce
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
IF you are Bearish SP 500 Your EARLY The chart posted is That of High yield Market ETF HYG we have just finished of the correct in this sector and should see Liquidity coming back into assets One Last Gasp This should raise mags qqq and spy toa new record high as most other indexes struggle to rally back to .618 best of trades WAVETIMER
Strategy 2025. BTC Airless Scenario Below $100'000 Choking PointThe crypto market is flashing a worrying outlook for 2025, since a disappointing Santa Claus rally this year could deepen issues.
This is especially important if BTC will not be able to finish the year 2024 firmly above $100'000 per coin.
The financial market has had a tough week, but it might also be in store for a tough year in 2025.
The market is on track for its worst weeks over years after the Federal Reserve gave a hawkish forecast for interest rate cuts in 2025. But looking at the market's internals, it's clear that damage had been inflicted well before the Fed's Wednesday meeting—and the signal is a historic indicator of tough times ahead.
The number of stocks in Top Stock Club S&P 500 that are declining outpaced advancing stocks for 14 consecutive days on Thursday.
The advancing/declining data helps measure underlying participation in market moves, and the recent weakness signals that even though the S&P 500 is only off 4% from its record high, there's damage under the hood of the benchmark index.
This is evidenced by the equal-weighted S&P 500 index being off 7% from its record high.
According to Ed Clissold, chief US strategist at Ned Davis Research, the 14-day losing streak for the S&P 500's advance-decline line is the worst since October 15, 1978.
Clissold said 10-day losing streaks or more in advancing stocks relative to declining stocks can be a bad omen for future stock market returns.
While this scenario has only been triggered six times since 1972, it shows lackluster forward returns for the S&P 500. The index has printed an average six-month forward return of 0.1% after these 10-day breadth losing streaks flashed, compared to the typical 4.5% average gain seen during all periods.
"Studies with six cases hardly make for a strategy. But market tops have to start somewhere, and many begin with breadth divergences, or popular averages posting gains with few stocks participating," Clissold said.
Perhaps more telling for the stock market is whether it can stage a recovery as it heads into one of the most bullish seasonal periods of the year: the Santa Claus trading window.
If it can't, that would be telling, according to Clissold.
"A lack of a Santa Claus Rally would be concerning not only from a seasonal perspective, but it would allow breadth divergences to deepen," the strategist said.
Also concerning to Clissold is investor sentiment, which has flashed signs of extreme optimism since September. According to the research firm's internal crowd sentiment poll, it is in the seventh-longest stretch in the excessive optimism zone, based on data since 1995.
"Several surveys have reached what could be unsustainable levels," Clissold said, warning that any reversal in sentiment could be a warning sign for future market returns.
Ultimately, continued stock market weakness, especially in the internals, would suggest to Clissold that 2025 won't be as easy as 2024 for investors.
"If the stock market cannot rectify recent breadth divergences in the next few weeks, it would suggest our concerns about a more difficult 2025 could come to fruition," the strategist said.
Moreover, Dow Jones index has printed recently The Three Black Crows Bearish candlestick pattern, on weekly basis.
This is especially important, since mentioned above pattern is massively unwinding from Dow's all the history highs.
Previously this pattern has already appeared in TVC:DJI in November 2021 and lead to 20 percent decline in 2022 for Dow Jones Index and to more than 70 percent decline in BTC.
The Three Black Crows Bearish candlestick pattern also has appeared in Dow Jones Index in September, 2018 (lead to 18% decline) and in July, 2007 (lead to more than 50% decline).
The main technical graph represents a Choking Strategy for BTC in 2025, i.e. BTC airless scenario below $100'000 choking point.
The epic 52-week SMA breakthrough in BTC will definitely accelerate a decline at all.
SPY/QQQ Plan Your Trade For 12/30 : GAP ReversalThis week should resolve as a Momentum Rally in the SPY/QQQ. Yet, I believe price action will be very volatile as we are still transitioning through the holidays.
Overall, I expect the SPY/QQQ to attempt to mount a fairly solid rally this week - possibly attempting to reach new All-Time highs again.
Then, I believe the SPY/QQQ will move into an extended topping pattern over the next 2+ weeks - resulting in a breakdown trend after the Inauguration.
Gold and Silver appear to be trying to base/bottom and we may see a decent rally in metals this week. I hope so because I don't believe Metals should be this low compared to the risk factors throughout the global markets.
Bitcoin is transitioning through an EPP pattern Flag breakdown event. If this continues, I suspect we'll see a downward price move targeting $74k before the end of January 2025.
Remember, my Daily/Weekly Cycle Patterns are designed to help us plan and prepare for market opportunities. No, they are not 100% perfect all the time. But I don't know of anything else that can attempt to accurately identify price trends, setups, events weeks and months into the future.
2025 is going to be a great year for traders. Remember, it is all about what you can do with the information I share to profit from these moves.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
2025 STOCK MARKET PREVIEW – It's a BEAST!2025 Stock Market Preview – It's a BEAST!
You are going to want to watch this video as it's JAM packed with great information for the new year! It may be long but aren't you trying to learn and become a better investor or trader?!
Get ready for 1 HOUR of action-packed, game-changing insights:
-Economic data
-Technical analysis on NASDAQ:QQQ AMEX:SPY AMEX:IWM
-My 2025 predictions
-How to prep for the next stock market crash
-How I'll be monitoring the markets
What do you think will happen in 2025? Share your thoughts in the comments below!
You won't find this much FREE CONTENT anywhere else! Let's dive in!
12/30 Watchlist + NotesAMEX:SPY - Short week from Xmas leaves us with an inside weekly setup to start the new year. The way 2-1-X and 3-1-X setups (Inside bar setups) work, is they either confirm what happened previously, or negate it. In this specific scenario on the weekly, we have a large red week of selling (2D, followed by a pretty neutral inside week (1). Next week either goes 2D, confirming the selling from the previous week and therefore showing evidence of continuation lower, or we negate that selling by making a higher high (2U) and looking to reclaim the highs from the big red week from when FOMC occurred. We can't predict which way the next week will go, but we can at the very least imagine what has to occur for both bull and bear scenarios to be successful. Simply put, above last weeks high means we are targeting the weekly high from the week prior to last week. Below last weeks low means we are targeting the weekly low from the week prior to last week. Break either side and come back into last weeks range means we are failing to confirm/negate what the signal is indicating, and then we target the other side. EX: Monday pokes above last weeks high but closes red. We then would look to engulf the week and create a 1-3 combo on the weekly. This week should be similar to last week, meaning it may be tougher to trade since we have a few negative considerations and less ideal conditions to trade.
Considerations for the upcoming week: For starters, we have another short week with new years day on Wednesday being a full day closure for the markets. Short week means less time for weekly candles to form, and therefore, likely chance of less volume to occur compared to normal weeks. Secondly, its the new year! This means we see all new candles on every timeframe up to the yearly chart. So, new Year, Quarter, Month, Week, Day, Hour, etc. Because of this, we will see issues with decoupling. This means the Year, Quarter, and Month will all be the same exact candle until we get to the second month and quarter of the year. Because the week starts in 2024 and ends in 2025, the week will be decoupled, but the M, Q and Y will not. Again, not the biggest issues ever, but just considerations to have in mind.
Weekly Watchlist: (Side Note: I have added all of my charts for individual tickers mentioned for further clarity on what I am seeing with these setups)
Bullish:
NASDAQ:MRVL - 3-1-2U W to confirm bright green M, Y
NASDAQ:AVGO - 2-1-2U W to confirm FTFC Up. Relative strength. 4HR 2-1-2U and 1HR 3-2U for Intraday entries Monday
Bearish:
NASDAQ:SMCI - Shooter 2U W to confirm failed 2U month. Super nice Daily BF
NYSE:AI - 2-1-2D W to trigger Shooter failed 2U M. Gorgeous monthly Broadening Formation.
NASDAQ:MSTR - 3-1-2D W. BTC with a weak setup on the major TFs. Looking to capitalize through MSTR and other names in that space
NYSE:BRK.B - Shooter 3 D. Weekly 2-2U too weak to hit magnitude last week. Month is 3-1 but big red currently. May be early on this but with similar setups in the Financial industry, this is one I want to watch.
NASDAQ:AMD - Hammer revstrat D to trigger Weekly 2-1-2U at Monthly Exhaustion level. Yearly has a nasty bearish revstrat setup forming, but if we are just daytrading this, it looks good for an exhaustion play intraweek. Otherwise will be watching all next year for that Y revstrat to play out
Neutral:
NYSE:SHOP - 3-1 W. Month Failing 2U.
NASDAQ:NVDA : Currently Shooter 2U W. Normally this is just bearish, but the 2W chart can go hammer 1-2-2U, and M is 2D but close to open meaning it is failing that downside signal. I could see this going either way, but its such an interesting setup that I wanted to include it.
ES Weekly Trading Plan: Balancing Market Strategy 12/29 🚨Trading Plan: Balancing Market Strategy with Failure Scenarios 🚨
Market Context
The market is currently in a balancing phase, with defined extremes of the balance zone at 6164 (high) and 5898 (low). Our approach will focus on trading around the midpoint and targeting key levels, while remaining aware of potential failure scenarios where the market tests beyond the extremes but fails to sustain momentum.
Key Levels
Balance Zone High: 6164
Balance Zone Low: 5898
Midpoint (Pivot): 6031
🎯 Upside Targets:
6072
6108
6144
📉 Downside Targets:
5999
5964
5928
🧑💼 Strategy Overview
Objective:
Trade within the balancing market, utilizing the midpoint as a pivot for directional bias, while also preparing for failure scenarios at the balance zone extremes.
Risk Management:
Place stops just outside the balance zone extremes to avoid being caught in a breakout trap.
Execution Plan:
Follow a systematic entry and exit plan based on price action near key levels, with heightened focus on failure scenarios at the extremes.
Trade Execution Plan
Pivot Zone: 6031
If price holds above 6031:
Look for long opportunities targeting upside levels.
If price breaks and holds below 6031:
Look for short opportunities targeting downside levels.
Upside Trade Setup:
Entry:
Enter long positions near 6031 on confirmation of support (e.g., strong buying momentum, bullish candlestick patterns).
Targets:
6072 → 6108 → 6144 →
Stop Loss:
Place stops just below 5999 to protect capital.
Downside Trade Setup:
Entry:
Enter short positions near 6031 on confirmation of resistance (e.g., strong selling momentum, bearish candlestick patterns).
Targets:
5999 → 5964 → 5928 →
Stop Loss:
Place stops just above 6072 to protect capital.
⚡ Failure Scenarios
Looking Above 6164 and Failing:
Scenario:
The market breaches 6164, signaling potential breakout buyers, but quickly reverses and re-enters the balance zone.
Trade Opportunity:
Short the market on confirmation of failure (e.g., rejection candlesticks, increasing sell volume).
Targets:
6144 → 6108 → 6072 → Midpoint (6031).
Stop Loss:
Place stops just above 6164 to avoid prolonged breakout risk.
Looking Below 5898 and Failing:
Scenario:
The market breaches 5898, signaling potential breakout sellers, but quickly reverses and re-enters the balance zone.
Trade Opportunity:
Long the market on confirmation of failure (e.g., rejection candlesticks, increasing buy volume).
Targets:
5928 → 5964 → 5999 → Midpoint (6031).
Stop Loss:
Place stops just below 5898 to avoid prolonged breakout risk.
Fake Breakout from Midpoint (6031):
Scenario:
The market shows a directional breakout from 6031 but fails to sustain momentum, reversing back into balance.
Trade Opportunity:
Trade in the direction of the failed breakout, targeting the opposite side of the balance zone.
Stop Loss:
Place stops just outside the failed breakout level.
💡 Risk Management
Position Sizing:
Risk no more than 1-2% of account balance per trade. Use tight stops to minimize loss in failure scenarios.
Break-Even Adjustments:
Move stops to break-even once the first target is hit.
📈 Trade Monitoring
Order Flow Analysis:
Continuously monitor volume and order flow near extremes and the midpoint for signs of breakout or failure.
Market Context Update:
Adapt the plan if the market establishes a new range or breaks out of balance.
💰 Exit Plan
Take profits incrementally at each target.
Exit immediately if the market signals sustained breakout momentum beyond the balance zone extremes.
🔔 Stay disciplined and adapt to the price action!
#BalanceZone #MarketStrategy #RiskManagement #SPX
es1! retests 5kes1! appears poised for a larger move down, based on the smaller timeframe count .
this leads me to believe that es1! has entered a larger fourth wave. historically, these waves take an average of 2 months to play out and typically result in a 12% decrease from the high before completing.
wave 4's often retrace back into the territory of the prior degree's wave 4, and i expect this one to follow suit.
pay attention to the green trendline i've drawn on the chart,,, it serves as a solid guide for where i anticipate es1! to find a bottom. dipping below the trendline is acceptable, provided we don't see any weekly candle closes beneath it. even if a weekly candle does close below, a strong recovery the following week, such as a gap-up scenario , could invalidate the breakdown.
there’s not much else to add here, as the chart is fairly straightforward. keep an eye on the trendline and monitor weekly closes for confirmation.
💸
SPX Head & Shoulders Top on Daily... Watching for $5600 to $5200Hi Traders,
SPX is showing signs of a potentially bearish formation—a head and shoulders top.
Historically, this pattern has signaled increased downside risk for equity markets.
As the price draws closer to the neckline, a break below could take us to the next major support level around 5,600.
This will be a crucial zone to for traders and investors to monitor closely.
Market conditions could sour quickly and an accelerated drop should cause traders to act cautiously over the next couple of weeks.
Good luck out there.
Mark