SPY/QQQ Plan Your Trade For 12-2: Tmp Bottom PatternToday's pattern suggests the SPY will attempt to move a bit higher after finding support in early trading.
The one BIG event over the past 5+ trading days is the SPY rallying above the Ultimate High level - breaking into a confirmed Bullish price trend.
This is part of what I'm trying to teach you: the patterns, techniques, thinking, and logic behind my decisions are based on mechanical price structures/processes. Once you understand the structures and price patterns, it is simple to try to understand.
Fibonacci Price Theory teaches you to follow price as the ultimate indicator - measuring and marking ultimate, unique, and standout highs/lows as trigger points.
AnchorBar theory teaches us to watch for breakaway or breakdown bars as precise indications of price trend direction/momentum.
The Excess Phase Peak patterns represent a more nuanced price pattern that can assist us in determining the current "phase" of the markets and how we can expect prices to react to that phase.
If you understand these three concepts, I believe you, as a trader, can unlock any price action and determine what type of trend we are currently in for any symbol/interval and where your opportunity lies for potential trades.
I will continue to delve further into trading and teaching techniques to reinforce these techniques in the future.
Stay cautious as the markets are still struggling to find a post-election trend.
The Anomaly Event is still likely, but the probability of such an event has fallen to about 30-40% overall.
Get Some.
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SPDR S&P 500 ETF (SPY)
#TheStrat Weekly/Monthly Setups For DecemberSPY - Closed previous D/W/M close to HOD after making new ATH, so the D/W/M all finished bright green. No evidence of sellers anywhere since every TF above the 60 is currently green. 60 closed slight green, but this can easily be justified as eod corrective activity since all 60 min candles before the last one of the day were green, and every TF above the 60 is green. Going into the new week and month, we can expect buying to continue until we see a lower low on the D, but the real sign of buyers vanishing / sellers gaining control for me will be a Lower Low on the weekly.
Main Monthly Setups To Watch:
Bullish :
DKNG - 1-2-2 Q revstrat in force, 1-3 M, 2-1 W
PM - Hammer 3-1 M
BA - Counter Hammer Failed 2D M
MRK - Hammer M at Downside Exhaustion Level
Bearish:
MU - Shooter 1-3 M, Failed 2U W
ZIM - Rev Strat M at Upside Exhaustion
Main Weekly Setups To Watch:
Bullish:
RTX - 3-1-1 W
PLTR - MoMo Hammer W, Inside D
GOOG - RevStrat Hammer D, Inside W
Bearish:
GAP - 3-1 at Exhaustion
COIN - 2-1 W, Failed 2U D
PINS - Shooter RevStrat Week, Shooter Inside D
RDDT - Inside W (11 Consecutive Weekly HLs)
SQ - Red Inside D/W at Q Exhaustion
SPY Bullish Continuation Ahead! Buy!
Hello,Traders!
SPY made a bullish
Breakout of the local
Horizontal level of 600$
Which indicated a bullish
Sentiment prevalence
On the market so we
Are now bullish biased
Locally and we will be
Expecting further growth
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
#202448 - priceactiontds - weekly update - sp500 e-mini futurestl;dr
sp500 e-mini futures: Max bullish. New ath is done, now I have two upper targets left for this year. We have 2 decent upper bull trend lines where only the #1 target of 6300 fits. The other would be 6450 but too far and too low probability for now. Bears would need anything below 5850 to kill the rally.
Quote from last week:
comment: Bullish bias I had, bullish it was. Market looks like it wants up bad. Every dip is bought heavily on increasing volume. Time is now to get above 6100 or we won’t get it at all. Market is beyond overvalued, overbought and the poor late bulls are just arriving. Guess who will be left holding the bags again.
comment: Bullish bias I had, bullish it was. Again. Market wanted up and it got it. Is this stopping here? Probably not. Look for longs .
current market cycle: Bull trend
key levels: 5850 - 6150 (maybe even 6500)
bull case: Last hurrah. 6150 is my next target and if we don’t stop, 6500. Is this a bubble? Yes. Can you short this? No. Trends can go much further than anyone can imagine and your account can not sustain the drawdown of early shorts. Breakout is clear, as is the chart.
Invalidation is below 5850.
bear case: Non-starter is this here. Daily close below 5850, then I start looking at this with a bigger bullish eye.
Invalidation is above 6070.
outlook last week:
short term: I want to join the bulls again. Need strong confirmation first though. Still no interest in selling as of now.
→ Last Sunday we traded 5987 and now we are at 6051. Perfect outlook.
short term: Bullish all the way. If market closes below 5900 I would turn neutral and daily close below 5800 would probably be the end of my bullish thesis and I turn bear.
medium-long term - Update from 2024-11-24: 6150 and 6500 are my last targets for the bulls before this bubble begins to pop or at least deflate.
current swing trade: None
chart update: Nothing.
BTC loosing momentum DEC1 2024 read notes The goal here is not to hit $100,000 . Don't get diverted from the goal. My goal is to book profit right at the target of $100,000 & exit. It can do $101,000 & you will be very happy as your accounts will be green but trust me highest probability is that it will touch $100,000 and get down as it is loosing momentum for sure.
Keep your Stops tight.
SPY: Will Start Falling! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SPY pair price action which suggests a high likelihood of a coming move down.
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$SPY Why We Will Continue Down / Bear Market Not FinishedWhat is Federal Funds Rate?
The federal funds rate is the interest rate at which banks and other depository institutions lend money to each other overnight on an uncollateralized basis. It is the interest rate at which banks can borrow or lend money in the federal funds market. The Federal Reserve uses the federal funds rate as a tool to implement monetary policy and control inflation. By raising or lowering the federal funds rate, the Federal Reserve can influence the overall level of interest rates in the economy, thereby impacting economic growth and inflation.
How Does Federal Funds Rate Affect The Economy?
The Federal Reserve's setting of the federal funds rate can have a significant impact on the overall economy. When the Federal Reserve raises the federal funds rate, it makes borrowing money more expensive for banks, which in turn makes borrowing more expensive for individuals and businesses. This can slow down economic growth by making it more difficult for companies to expand and for consumers to purchase big-ticket items like homes and cars.
On the other hand, when the Federal Reserve lowers the federal funds rate, it makes borrowing cheaper, which can stimulate economic growth by making it easier for businesses to expand and for consumers to purchase big-ticket items. Lowering the federal funds rate can also help to combat inflation by making it less expensive for businesses to borrow money, which can help to keep prices stable.
The Federal Reserve's setting of the federal funds rate can also affect the stock market, currency exchange rate, and bond market.
In summary, the Federal Reserve's setting of the federal funds rate can have a significant impact on the economy by affecting interest rates, inflation, and economic growth.
What is the Projection of Federal Funds Rate In 2023?
Due to Ukraine and COVID, this has led to a historic rise in interest rates. This means that borrowing costs are increased, saving becomes more attractive/less spending, and stock prices may decrease/bonds favored.
Markets expect the U.S. Federal Reserve to raise rates again on February 1, 2023, likely by 0.25 percentage points to 4.5%-4.75%. However, there’s a reasonable chance the Fed opts for a larger 0.5 percentage point hike.
Hope this helps.
S&P 500 HYPERWAVE CRASH The S&P 500 is currently going through a huge macro hyper-wave, this has been confirmed. This has already been calculated and factored into the 'algo', I'm highly confident we are approaching the final stages of 'wave 4' which will end in resumption to the downside (wave 5) and followed by the 'bounce' or 'wave 6'. After wave 6 has concluded, it's game over. Wave 7 will complete the hyper-wave and will be catastrophic to not only the markets but the economy by extension... please keep this in mind as when this all comes down we're entering something far worse than the 1929 crash and the great depression that followed.
SPY The Target Is DOWN! SELL!
My dear subscribers,
My technical analysis for SPY is below:
The price is coiling around a solid key level - 602.45
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 588.60
My Stop Loss - 609.83
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
SPY SHORT FROM RESISTANCE
Hello, Friends!
It makes sense for us to go short on SPY right now from the resistance line above with the target of 595.24 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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AAPL: 2025 Strategic Outlook: 75%+ BUY/HOLD🔸Time to update the AAPL outlook, this is 2D price chart, we are
currently entering overpriced zone and limited upside in AAPL
going forward.
🔸AAPL price action is contained within rising bullish price channel
established since 2021. Havin said that we've entered premium / overprice
zone and I'm expecting limited upside going forward over the next few
month. Risk/reward is favoring a pullback/correction before a healthy
uptrend can resume in 2025.
🔸Recommended strategy bulls: expecting pullback/correction to start
in Q1 2025, 20/25% pullback is normal and therefore we may hit
170/180 USD in the correction stage of the bull market in AAPL. Bulls
should wait for better prices / reload zone near 170/180. TP BULLS
is 260/280 USD. this is obviously a setup for patient traders, do not
expect overnight gains in this market. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Risk Appetite at a Crossroads: SPY vs. TLT Nears Key ResistanceIntroduction:
A classic market indicator for gauging risk appetite is the ratio between stocks AMEX:SPY and long-term bonds NASDAQ:TLT . The premise is simple yet powerful: when stocks outperform bonds, the market is in a "risk-on" environment, favoring equities. Conversely, when bonds outperform stocks, it signals a "risk-off" environment, favoring safety.
For years, this ratio has trended upward within an ascending price channel, reflecting the dominance of equities over bonds in delivering superior returns. However, the ratio is now approaching the upper boundary of this channel, a critical juncture for assessing the next phase of market dynamics.
Analysis:
Risk-On vs. Risk-Off: The SPY-to-TLT ratio provides a clear view of market sentiment. A rising ratio reflects confidence in equities, while a declining ratio indicates a shift toward safety in bonds.
Long-Term Uptrend: The ratio has been in a well-defined uptrend, marked by higher highs and higher lows. This trend underscores the market's preference for stocks over bonds in recent years.
Current Situation: As the ratio nears the upper boundary of its price channel, the potential for a slowdown or reversal increases. While the long-term uptrend remains intact, a pullback could signal a temporary period where bonds (TLT) outperform stocks (SPY).
Interest Rate Outlook: With interest rates potentially declining next year, bonds could see increased demand. However, as long as the ratio remains within its channel and continues to rise, the "risk-on" environment remains dominant.
Conclusion:
The SPY-to-TLT ratio is nearing a pivotal level that could influence market sentiment in the coming months. While the "risk-on" trend remains intact for now, a shift in dynamics could occur if the ratio fails to break through its resistance. Traders and investors should monitor this ratio closely to navigate potential shifts between equity and bond performance. What’s your outlook on this key indicator? Share your thoughts below!
Charts: (Include relevant charts showing the SPY-to-TLT ratio, the ascending price channel, and key resistance and support levels)
Tags: #RiskAppetite #Stocks #Bonds #SPY #TLT #TechnicalAnalysis #MarketTrends
2024-11-28 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
sp500 e-mini futures - Same as for dax. Retest of yesterday’s open price and bears could only correct sideways and biggest dip was 5 points. Big bull trend line was support and we are on our way up. I expect 6040 and probably higher. If not tomorrow then next month. We have a perfect channel upwards which leads 6100+. I don’t think bears can even get below 6015 again. If they do, 6000 has to hold or we could have seen the highs.
comment: Not much difference to my dax outlook. Relentless buying today, ath in sight and a decent channel upwards. Bears need something below 6000 to make bulls cover. Big bullish bias for me. Possible that we stay around 6000-6050 for November, to then do the Santa rally somewhere in December. Closing 2024 above 6000 would be amazing for bulls.
current market cycle: bull trend
key levels: 6000 - 6050 (above 6050 comes 6100 in play)
bull case : Higher lows and higher highs. Clear invalidation price given and big resistance above. I doubt bears can get this below 6010/6015 tomorrow. Only longs for me. If we stall around 6040, you should have a tight stop and from a r:r perspective, new longs above 6040 are bad.
Invalidation is below 6010.
bear case: Bears need something below 6000. That’s it. How likely is that? Look at the daily chart. Is there any bearishness in there?
Invalidation is above 6050.
short term : Bullish.
medium-long term - Update from 2024-11-16: So the top definitely qualifies as a blow-off top but the question if we continue further up, is still valid. It is possible that we are already inside the correction and if we continue below 5860, I highly doubt bulls can get above 6000 again. Given the current market structure, I won’t turn bear because the risk of another retest of the highs or even higher ones are just too big.
current swing trade: Nope
trade of the day: Could have bought pretty much anywhere.
U.S. Aggregate T-Bond Market. Fears & Greed Awakening. Series IIIt's gone 3 weeks or so, since Mr. Trump has secured a win over his Democrat-rival Kamala Harris in the 2024 U.S. presidential election, as it declared by the Associated Press.
Since that, a lot of stocks soared in a meme-style mode, while Bitcoin almost cleared $100,000 and Dogecoin soared amid Trump-fueled crypto rally.
However macro data still stoke fears over a possible recession and the notion that the Federal Reserve could be too slow with cutting interest rates. Non-farm payroll added just 12K new places last month. And the ISM manufacturing index, a barometer of factory activity in the U.S., came in at 46.5%, worse than expected and a signal of economic contraction.
Fresh ISM release is scheduled on Dec 02, 2024 (47.5 points forecasted), and labor market data is on the radars on Friday, Dec 06 (+183K non-farm payroll forecasted).
The main technical graph is for U.S. Core Aggregate T-Bond Market ETF (AGG), in total return format, and it indicates on Reversed Head-and-Shoulders technical structure in development, as it's been discussed in earlier published ideas.
Moreover, huge 200-Week SMA breakthrough is on the investments radars also.
What does it mean for Bond Market?.. Potentially "Good", to jump to all-time high.
... and for Stock Market?.. Potentially "Also Good", until it reach the fever pitch.
Holiday Markets and All Markets Spot CheckLimited trading for the remainder of the week in the US with Thanksgiving
We've notched a few all-time highs in the US markets but without any major surges. Low volume and light activity have been pretty apparent as the post election rips have settled down somewhat.
US data still in line before FOMC on Dec 18. Current FED Watch Tool showing a 64% probability of the FED still cutting 25 bps before end of year. This will be an important message from the FED to the markets on how the FED plans to adjust monetary policy in 2025 (pause, hold, cut, hike).
DXY and USD related crosses showing signs of nice movement (weaker dollar). Let's see if that is a stronger reversal pattern with follow through as many USD pairs are at strong support/resistance levels to show some reactions.
I'm not aggressively positioning on anything currently. If the melt-up continues, it's pretty easy and steady gains. If we have any flinch or pullback before end of year, I'll have my hedges in profit to help offset drawdowns. The best path for me is management both ways and inexpensive protection to the downside.
Thanks for watching!!!
5 SPIRALS DUE 11/29 to 12/2 The chart posted is the updatedThe chart posted is my SPIRAL turns focus point it is 11/29 to 12/2 I feel rather strong that the markets are set for the NEXT TIMING TURN I AM RATHER BEARISH As you can see I am labeling the wave count and have NOT changed anything . Best of trades WAVETIMER
SPY/QQQ Plan Your Trade For 11-27: BreakAway PatternHappy day before Thanksgiving, everyone.
Stay safe this holiday and remember to share hugs and love with all the people that are the most important in your life.
Trading will be there tomorrow and the next day - always.
Family, health, and loved ones always come before trading/work.
Today is a Breakaway pattern for the SPY. I suspect the SPY will still struggle near the 600 level and possibly REJECT into a downward price trend over the next 5+ trading days.
The QQQ is showing a very clear Flagging formation whereas the SPY is showing more overall strength.
Gold and Silver make a big GAP move higher. This is nice to see. I still believe Gold will attempt to rally above $3000 before the end of 2024 and Silver will attempt to rally above $35 before the end of 2024.
Bitcoin is now moving into a projected consolidation phase. The pending breakdown phase may see Bitcoin move down to the $74k to GETTEX:82K level. Buckle up.
Remember, we are going to have Thanksgiving holiday and shortened trading hours. If you have not already moved a large portion of your capital into CASH, you could be taking unwanted risks.
Get some.
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