Weekly Indicator Panel WARNED last weekend...ALL Red Flags already, as warned by my panel of leading indicators.
You would see that all threshold have been triggered and are clearly red flags IF the week closes at current levels. The week has not ended, but it appears bad enough.
There should be an attempt tp recover somewhat, but overall appears that Santa Claus might crash this rally this year. Furthermore, the year end and year start are keen indicators of the year ahead as well... so watch closely.
SPDR S&P 500 ETF (SPY)
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.
SPY to $585?: EOY Price TargetUsing the Magic Linear Regression Channel on TradingView.com we look at some possible scenarios for SPY price movement. A shorter term regression channel shows SPY at the top of the channel and rejecting it today - even with more buyers than sellers in the TradingView Volume Footprint chart view.
The bottom of the channel converges with last pivot low near $584. It could conceivable go lower, but with lower volume likely during the holiday season, it would seem less likely for it to make any more big moves barring some major unexpected event.
S&P500 ETF SPY Testing Support📉 ** AMEX:SPY Testing Key Support!** 📈
The **S&P 500 ETF ( AMEX:SPY )** is pressing against a critical support level — the **green trendline** that's been a pivotal bounce zone for months. Will it hold or break? 🤔
🔍 **What’s driving the move?**
- 🔥 **Hawkish FOMC Outlook**: The Fed now sees **fewer rate cuts in 2025 (2 vs. 3 expected)**, keeping rates higher for longer.
- 📢 **Geopolitical Risks**: Powell noted some Fed members are factoring in possible **Trump-era policy risks** (think tariffs & deportation) into their forecasts.
- ⚠️ **Market Reaction**: Growth stocks are under pressure as higher rates impact valuations.
📊 **Why It Matters?**
- If AMEX:SPY holds the support, we could see a technical rebound. 🚀
- A breakdown below the green line could signal further downside risk. 📉
👉 **Traders, are you buying the dip or waiting for the break?**
Drop your thoughts below! ⬇️
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.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPX 5500 BY 2025 ? REASONS WHY !!!
Optimistic Market Forecasts: Analysts and strategists, such as those from Deutsche Bank and Infrastructure Capital Advisors CEO, have made bullish predictions for the S&P 500. Deutsche Bank's forecast for the S&P 500 to reach 5,100 in 2024, and Infrastructure Capital Advisors CEO Jay Hatfield anticipates the S&P to reach as high as 5,500 points by the end of 2024.
These forecasts indicate a strong belief in the market's potential to continue its upward trend.
Strong Earnings and Valuations: The trailing 12-month P/E ratio for the S&P 500 of 25.7 is above the 5-year and 10-year averages. This suggests that investors are willing to pay a premium for stocks, which could be a positive sign for further market growth.
Historical Performance: The S&P 500 has already hit 23 new records in 2024 and has been performing above average historical years. This indicates strong market momentum and investor confidence.
Cumulative Weight of Top Stocks: The cumulative weight of the top 5 stocks in the S&P 500 has hit a 50-year high. This indicates that the market's performance is being significantly influenced by the performance of a small number of large-cap companies, which could potentially drive the index higher if these companies continue to perform well.
Market Resilience and Recovery: The market has shown resilience and recovery from the economic downturn, with the S&P 500 already up by 9.6% this year, which is above the average year since 1950. This resilience could be a sign of continued growth throughout the year.
Positive Outlook from Analysts: Analysts like CFRA Chief Investment Strategist Sam Stovall predict that the S&P 500 will hit 5,400 by year-end and 5,610 within the next 12 months, indicating a positive outlook for the market's performance.
Potential Rate Cuts: The expectation of rate cuts by the European Central Bank could provide a boost to the global economy and the U.S. markets, including the S&P 500.
Positive Market Sentiment: The overall market sentiment seems to be positive, with a bullish outlook on the S&P 500 from various analysts and strategists. This positive sentiment could drive further investment and growth in the market.
Technology Sector Performance: The technology sector has been a leading performer, soaring 50%, indicating strong growth in this sector, which could help drive the S&P 500 higher.
Economic Data Surprises: The U.S. economy has been showing positive surprises in economic data throughout 2023, suggesting that the economy is stronger than expected, which could support the market's growth.
TESLA 300 AFTER EARNINGS ? 3 STRONG REASONS !!
Strong EV Market Position:
Tesla’s electric vehicles (EVs) remain popular, with the Model Y and Model 3 ranking among the top-selling vehicles in the U.S. in 2023. Even as legacy automakers enter the market, Tesla’s success suggests continued consumer preference for its vehicles.
Cybertruck:
Tesla’s long-awaited Cybertruck could be a game-changer. Pickup trucks have high gross profit margins, and if Tesla prices the Cybertruck right, it could boost their overall profitability1.
Regulatory Credits and Rebates: As Europe tightens regulations on internal combustion engine (ICE) cars, Tesla may receive more regulatory credits (from competitors like Fiat) going forward.
Full Self-Driving (FSD) Technology: Analysts estimate that Tesla’s FSD technology could potentially raise earnings per share by $1-$2 annually through the end of the decade.
LONG TERM INVESTMENTS FOR BIG COMPANIES !! LONG TERM !TRADING CAN CHANGE YOUR LIFE !!
META - APPLE - AMAZON - SPX - SPY - TESLA - NVIDIA - JP MORGAN - RIVIAN - LUCID
AVGO - HOOD - ROCKETLAB - AFFIRM - GOOGLE - SOFI - MICROSOFT - META -TSM - CRM - AMD
QCOM - BAC - AMEX - DISCOVER FOREX EURUSD - GBPUSD - USDJPY BTC
Key Considerations for Trading Forex, BTC, and Stocks
Trading in financial markets, whether it's Forex, Bitcoin (BTC), or stocks, involves a unique set of challenges and opportunities. Here are crucial points to keep in mind before diving into these markets:
For Forex Trading:
Leverage: Forex markets offer high leverage, which can amplify both gains and losses. Understand your risk tolerance and use leverage cautiously.
Market Hours: Forex markets are open 24/5, which means opportunities and risks are constant. Consider when you trade in relation to major market sessions (London, New York, Tokyo).
Volatility: Currency pairs can be highly volatile, especially around economic news releases or geopolitical events. Stay updated with economic calendars.
Interest Rates: Central bank policies can significantly affect currency values. Monitor interest rate decisions and monetary policy statements.
Pair Correlation: Understand how currency pairs correlate with each other to manage your portfolio risk better.
For Bitcoin (BTC) Trading:
High Volatility: Cryptocurrency, especially Bitcoin, is known for extreme price movements. Prepare for significant price swings.
Regulatory Environment: Keep an eye on global crypto regulations which can influence market sentiment and price.
Market Sentiment: Bitcoin's price can be heavily influenced by news, tweets from influencers, and market sentiment. Tools like sentiment analysis can be beneficial.
Security: Since BTC is digital, security of your wallet and trading platform is paramount. Use hardware wallets for long-term storage.
Liquidity: Ensure you're trading on platforms with good liquidity to avoid slippage, especially during volatile times.
For Stock Trading:
Company Fundamentals: Unlike Forex or BTC, stocks are tied to company performance. Analyze earnings, financial statements, and growth prospects.
Dividends: Some stocks offer dividends, providing an income stream which can be reinvested or taken as cash.
Market Trends: Stocks are influenced by broader market trends, sector performance, and macroeconomic indicators. Diversification across sectors can mitigate risk.
Brokerage and Fees: Stock trading can involve various fees like transaction fees, management fees, etc. Choose your broker wisely based on cost and services.
Long vs. Short Term: Decide if you're in for long-term investment or short-term trading. Each strategy requires different approaches to analysis and risk management.
General Tips for All Markets:
Education: Continuous learning about markets, new tools, and strategies is essential.
Risk Management: Never risk more than you can afford to lose. Use stop-loss orders, diversify, and only invest money you don't need for living expenses.
Psychology: Trading can be emotionally taxing. Manage stress, fear, and greed to make rational decisions.
Technology: Utilize trading platforms, analysis tools, and keep abreast of technological advancements that can impact your trading, like blockchain for crypto.
Regulation: Understand the regulatory environment of each market you're trading in to avoid legal pitfalls.
Community and Mentorship: Engage with trading communities or find a mentor. Learning from seasoned traders can provide shortcuts and insights.
Remember, every market has its nuances, and what works in one might not work in another. Tailor your strategies to each asset class while maintaining a cohesive risk management framework across all your trading activities. Good luck trading!
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.
FEDEX AT MY LEVEL DEC17 2024Last post about FEDEX when it was trading around 284 was to wait for 275s. Here we are at 275 &expect to hit all time high or at least 315 asap.
I don't trade news so I am not worried about earnings.
I am a price action trader.
Trade safely as per you RR & risk tolerance levels.
SPY/QQQ Plan Your Trade For 12-17: Momentum Rally PatternToday's Pattern suggests the SPY/QQQ will rally higher - possibly attempting to find a top.
What I find interesting is the big rally in the QQQ/Nasdaq yesterday. Possibly, the Momentum Rally phase hit the NQ yesterday.
Overall, I'm still looking for the markets to attempt to roll into a topping pattern. So, I'm staying very cautious of any big market moves right now.
Yes, if you look at the QQQ/NQ, it looks like the markets are in liftoff mode (bullish), but other data suggests the markets are actually weakening and pulling into a reversion phase.
Gold and Silver will likely find a base/bottom soon. I picked up some Call options on SILJ and GDX recently anticipating the potential rally move.
Bitcoin is well beyond a 100% measured move higher. Even though I believe Bitcoin can rally to 112k - 115k, I'm urging traders to stay cautious (still).
My data suggests the markets are weakening and possibly moving into a pullback/reversion phase.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY Options: Bull & Bear (Week of December 16)AMEX:SPY
Short-term we are looking at a downside trade as we want RSI to cool off a bit. Key levels at $607 and our key pivot of $604.25 last week.
📜 $604 Put 12/31
Entry: Rejection and 15-min close UNDER $607, entry off retest of resistance
🎯 Targets: $604.25, $603.37
📜 $608 Call 12/31
Entry: Breakout and 15 min close OVER $607, entry off retest of support
🎯 Targets: $608, $608.50
Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades.
QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week
DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low
IWM - Green today but similar to DIA
Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move.
WATCHLIST:
Bullish :
NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2
Bearish :
NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q
NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other"
NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left
Notable winners from weekly watchlist (posted Sunday 12/15):
ETSY, RBLX, RKLB, OXY, WMT
Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades.
QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week
DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low
IWM - Green today but similar to DIA
Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move.
WATCHLIST:
Bullish :
NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2
Bearish :
NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q
NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other"
NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left
Notable winners from weekly watchlist (posted Sunday 12/15):
ETSY, RBLX, RKLB, OXY, WMT
Get Ready for a MASSIVE Week Ahead! Watch now! 🚨 Get Ready for a MASSIVE Week Ahead! 🚨
Don't miss out on preparing for the upcoming week and the year-end Santa Claus Rally! Make sure to watch this entire video to stay ahead of the game.
📊 In this video, we'll cover:
-Major economic news and events
-Market trends for NASDAQ:QQQ , AMEX:SPY , and AMEX:IWM
-Latest updates on all current H5 Trades such as NYSE:HIMS NASDAQ:MBLY NYSE:SQ NASDAQ:MARA NYSE:FUBO & more!
This video is JAM-PACKED with insights and valuable gems you don't want to miss! 💎
Buckle up and check it out now! 👇
SPY/QQQ Plan Your Trade For 12-16: Inside BreakawayThis video highlights what I believe will be a rotating topping pattern setting up in the SPY/QQQ over the next 3-4+ days.
Traders should move away from risk headed into Christmas and the end of 2024.
Gold and Silver will likely make a move higher over the next 5+ days - attempting to recover lost ground from last week's selling.
Bitcoin rallied to key resistance and will likely move into a consolidated range (again).
This is the time to pull capital away from risks and sit tight through the Inauguration. I believe we'll be seeing lots of day trading opportunities with volatility - but I also believe the markets are setup for a downward price swing headed into the Inauguration.
Buckle up.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold