$SPY tough spot right now, but there's still a glimmer of hope!On the daily chart, there are three bearish signals without even considering indicators:
1. Price is below the EMAs.
2. With a gap down.
3. From a coil spring.
On the weekly chart, the trend remains intact. However, if we drop below the fast EMA, a significant test will be the slow EMA.
The key level to watch is the low of the daily channel line at $554, which aligns with the weekly slow EMA at approximately $551. For me, that represents the definitive line in the sand for SPY.
SPDR S&P 500 ETF (SPY)
SPY/QQQ Plan Your Trade Update For 10-31: Halloween BreakdownThis short video discusses why traders need to prepare for a downward move and the eventual move into Phase #3 of the Excess Phase Peak pattern (consolidation).
I believe this consolidation phase will be very short-lived. So be aware of the continued risks to the downside.
This election has many traders concerned about pre-/post-market jitters. Bonds continue to put pressure on the debt markets, and Gold and silver are not contracting downward (as I suggested), reflecting a real panic-type trending mode.
Spend a bit of time watching my past videos. It is very impressive that you called this move 3+ weeks in advance, and I continue to believe we will see a base/bottom setup just after the election.
So, there is still a boatload of opportunities for skilled traders.
Buckle up - this move downward is likely to be very volatile.
Get some.
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SPY/QQQ Plan Your Trade For 10-31 : Consolidation PatternToday's video highlights the power and simplicity of what I attempt to do for all of you.
I'm not perfect. I don't see into the future using some magic crystal ball.
I use my tools and skills to watch the markets and apply my knowledge to the charts to identify the most likely future outcome.
My SPY Cycle pattern predictions seem perfect, showing a top setting up between Oct 29-31, then rolling into a reasonably sharp market decline.
Yesterday's Excess Phase Peak pattern in Silver seemed to lead to weakness in the markets while the SPY was attempting to break through the Flag Apex pattern.
Combined, this cross-market weakness has translated into a very strong overnight selling event where the SPY is already off more than 0.50% and Gold/Silver are struggling near recent highs.
I hope viewers are learning from watching my charts and research. I try to explain things as clearly as I can and show you how to apply these techniques on your own.
As I state in this video, you can build better skills. You can improve your abilities to attempt to see into the future (a bit) and learn to apply better trading abilities. You don't have to be tied to failed techniques and indicators the rest of your life.
It just takes some patience and a lot of learning.
Anyway, I hope you see how my effort are helping you and I will continue to do my best to educate you and help you stay ahead of these market trends.
Get some...
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Best Level to BUY/HOLD TSLA 100% upside TP 500/550 USD🔸Hello traders, today let's review 8hour chart for TSLA. Entering re-accumulation stage now, expecting range bound trading during next few weeks as we enter pullback/correction. We are closing in on heavy overhead resistace / limited upside currently.
🔸The speculative chart pattern is bullish C*H in progress, expect more range locked price action for a few weeks as we re-accumulate and get ready to clear the overhead resistances. Measured move price projectiong for the C*H structure is 500/550 USD, 100%+ upside from the recommended BUY ZONE.
🔸Recommended strategy bulls: wait for TSLA to re-accumulate in the sliding bull flag formation into the liquidity zone and get ready to BUY/HOLD low near 220 USD, target based on measured move projection is 550 USD. good luck traders!
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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.
ETF SPY weekly (log)Hello everyone,
Weekly chart in logarithmic scale.
The channel is bullish, we are in the upper part of the channel, but I do not see any bullish exaggeration.
The 200-period simple average is bullish in orange on the screen.
In any case, investing in the SPY is a very good investment.
Make your own opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
SPY/QQQ Plan Your Trade EOD Update For 10-30: ConsolidationWhat an interesting day regarding how the markets reacted to the Flags and APEX setups.
My update video was perfect as we saw the market break away from the Flag Apex and trend downward almost all afternoon.
With BTCUSD moving into a Flagging formation within a potential Excess Phase Peak pattern near $72, things are about to get interesting.
Either we see the breakdown of support in the markets over the next 4-5+ days or we see support hold and the markets rally a bit higher going into the long weekend.
It's an either A or B type of scenario right now. I estimate fear and uncertainty drive the markets about 3.5 to 5.5% lower before the election.
Buckle up and prepare for real market volatility. By tomorrow's end, make sure you are protected from risk.
Beyond that, at this point, it is a wait-and-see type of situation.
Get some.
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2024-10-30 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
tl;dr
Indexes - Many bull trend lines are gone for good. Bears closed at the lows and they desperately need follow through tomorrow. If nq won’t keep the markets afloat tomorrow and drops below 20400, we will likely see a big sell off with 20200 or lower. Dax looks done, clear break of the trend line, swing shorts are juicy here.
sp500 e-mini futures
comment: Bull trend line is now also broken and once market prints below 5800, this is over until year end rally might try 6000 again. Same logic as dax but market is not as bearish after today. Bears need follow through below 5820 and then 5800, if they get it, buckle up. Bulls obviously want to reverse up like the past 2 weeks and trade above 5900 again.
current market cycle: triangle probably broken - entering bigger trading range
key levels: 5800 - 5870
bull case: Bulls need to stay above 5830 or we test 5820, followed by 5800. Today’s close does not look good. Before the close I heavily favored the bulls to reverse this again but then we saw couple of sell spikes which erased the previous lows. Market turns neutral again above 5865.
Invalidation is below 5800.
bear case: Bears need follow through. No surprise. 5800 is the target for tomorrow, once they get it, market is free to fall down to 5730-5740. Interesting day ahead of us.
Invalidation is above 5920.
short term: Leaning bearish if we stay below 5865. Best chance for bears in a long time.
medium-long term - Update from 2024-10-13: Very rough guess for the remaining trading weeks in 2024. Spike up, decent correction (~10%), nasty (blow off top) year end rally if earnings hold in Q4. Don’t trade based on that guess.
current swing trade: Nope
trade of the day: Selling 5880 and buying 5850 has been profitable for many days now. So it was today.
Project Monday Strategy v2.0 gives a long signal on NetflixThis trading idea crated with Project Monday Strategy v2.0 (coming soon).
Entry Price: 757.58 USD
Preliminary Stop-Loss: 713.34 USDT
Preliminary Take-Profit: 870.79 USDT
The potential profit is 15%.
This strategy preset generates orders with following results during 6 years:
Net Profit in %: 5190%;
Percent Profitable: 49%;
Profit Factor: 3,16;
Max Drawdown: 18%.
SPY/QQQ Plan Your Trade Update : Shift Market Trends - BUCKLE UPThis update is to show you why I believe the markets have already started moving into the low-liquidity phase I have been suggesting for more than 3+ weeks. This low-liquidity phase will happen as we move closer to the US elections.
Simply put, traders are very anxious regarding the outcome of the election and the chaos that may happen after the election. Because of this, I believe many traders have already pulled capital away from the markets and are sitting on CASH.
This lack of market liquidity could present a very real risk of a FLASH-crash type of event.
So, BUCKLE UP.
Metals shifted downward (silver is leading almost all other markets with very clear patterns/setups).
BTCUSD appears to have peaked and is rolling downward.
The SPY is about to APEX into a new FLAG APEX - thus we should expect extreme volatility over the next 3+ hours of trading. Possibly leading to a strong downtrend near the end of trading today.
And, I believe all of this points to the lack of liquidity event taking shape. Moving the markets into a type of low liquidity PANIC mode (downward).
Play safe and Buckle Up!
Get some.
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IGV THE BULL MARKET IS ENDING NOWThe chart posted is The IGV index aka the strong leader in the over all market I am now counting a ending 5 wave up I had hoped to see 96handle But TIMING is today from July TOP we are ending a 5 wave Diagonal I have moved to a 95 % LONG IN THE MONEY PUTS IN SPY JAN 2026 600 strike Best of trades WAVETIMER
SPY/QQQ Plan Your Trade For 10-30 : GapUp-Higher PatternToday's pattern suggests the markets will attempt to GAP higher at the open, then continue to trend upward throughout the day.
I go into great detail in this video trying to highlight the setups and constructs of price for my followers.
We are moving into a very volatile period for the markets with what I believe will be a low liquidity event taking place throughout the election. My thoughts are that liquidity will dry up later this week and early next week before the election day (we also have a Holiday on Monday).
So, if my analysis is correct, we are going to be looking for the US and global markets to clearly illustrate extreme anticipation/fear related to who the US will elect.
That should translate into extreme potential market volatility.
I urge traders to watch this video (and some of my more recent videos). Now is the time to prepare for this extreme market volatility and to learn to PULL AWAY from risks.
There is no reason to be trading like normal throughout this event. By late today or late tomorrow, you should really ask yourself "how much are you willing to risk throughout the election event and long weekend".
Get some.
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SPY/QQQ Plan Your Trade Update For 10-29 : Ripper Apex BreakoutThis short video highlights the Apex Volatility breakout in the SPY today and shows the ripper rally in Gold & Bitcoin.
If you've been following my research, you already know I called these moves many days ago.
If you are new to my videos, this is an excellent way for you to see what I do, learn from my videos, and attempt to see now my research fits into your trading style.
My single goal is to make you a better trader - and I hope I'm doing that with all the content I provide.
Get some.
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Weekly Options: Range Bound and Prepped for Both Up or DownAMEX:SPY
AMEX:SPY is currently consolidating between a key support level and long-term trend support, hovering in the $580.90 - $583.60 range. The market's short-sighted focus on upcoming major tech earnings and elections has kept price movement tight. We’re positioned at a crucial point that could either send AMEX:SPY surging to new all-time highs or testing the daily 21 EMA for support. While our bias leans bullish, the downside trade presents a hedge opportunity, especially valuable for tech-heavy portfolios.
Our Weekly Options 💡:
📉 $577 PUT 11/6
Entry: Confirmed 15-30 minute close under $580.90 with a retest rejection
🎯: $578, $576, $574.73
📈 $582 CALL 11/6 (Consider Call Debit Spread to lower cost: $584 STO | $582 BTO)
Entry: Confirmed 15-30 minute close over $580.90 and trend support
🎯: $582, $583.60
Stay prepared for a potential breakout or breakdown with these setups, and let the chart confirm the direction.
SPY/QQQ Plan Your Trade For 10-29 : Gap Defender PatternToday's SPY Cycle Pattern is a Gap Defender in Counter Trend mode.
Even though I forgot to show you the pattern page in this video, today's video suggests the SPY will attempt to protect and defend yesterday's opening gap price range - possibly attempting to move a bit higher as I predicted.
With Bitcoin rallying away from the consolidation range, I see this as a "move to hedge against fear". I believe Gold and Silver could make a strong move higher as this hedging moves across all fear-base hedge assets.
Additionally, both presidential candidates support renewed legislation for Bitcoin & Cryptos in the US - so either way I believe the digital currency world is ready for US involvement.
Right now, I see the markets as trying to make a "last gasp effort" at a rally into Wednesday. Then, I believe the markets will roll into a broad contraction phase setting up just before the election as liquidity vanishes from the markets.
Price volatility should be EXTREME between Nov 1 and Nov 6.
Play the next 2 weeks very smart. Otherwise, your lumps could be painful.
Get some.
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10/28 Confirmed yearly bull flag. Overview :
The AMEX:SPY closed the week lower, breaking a six-week winning streak that had started just before the first rate cut. NASDAQ:QQQ managed to stay green, hovering near an all-time high. Last week, the Fed reported 738,000 new home sales and 3.84 million existing home sales. Notably, while existing home sales are declining in a descending triangle pattern, new home sales have been forming an ascending triangle—signaling diverging trends in housing demand.
The job market showed resilience, with jobless claims lower than the last two readings, indicating improvement. However, this job strength could complicate rate cuts since the Fed targets stable inflation around 2%. This week brings major data releases: Tuesday’s job openings, Wednesday’s Q3 GDP, and Thursday’s and Friday’s PCE, Core PCE, and the U.S. unemployment rate. Expect a quieter start to the week but brace for potential volatility in the latter half.
According to the CME tool, the likelihood of no rate cut has dipped to 1.1%. This rate cut probability has fluctuated widely over the past two weeks, from 13% to 1%, making it crucial to understand how the CME calculates this metric:
1.Market Data: Fed Funds futures prices reflect market expectations for Fed rate changes.
2.Probability Calculation: The tool derives implied rate change probabilities from the difference between current rates and futures prices.
3.Assigning Probabilities: Each possible outcome—rate cut, hike, or no change—is assigned a probability based on the futures data.
CME Group holds a key position in financial markets, having formed from the merger of major exchanges: the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), and Commodity Exchange, Inc. (COMEX). This vast network underscores why CME’s Fed tool is a pivotal reference for understanding rate expectations.
In the crypto world, ETFs, especially those from BlackRock, have been on a BTC buying spree, significantly outpacing their usual purchase amounts four out of five trading days last week—continuing a pattern that began on October 14. Since then, BTC has climbed from the key level of $62.8k to around $69k, although other institutional players remain less active. This is reminiscent of BlackRock’s February buying spree, which saw BTC rise from $52 k to $61k in just two weeks, with BlackRock averaging $600 million in BTC purchases daily. We’re watching this as a potential signal, though no one’s showing similar interest in ETH ETFs, not even BlackRock, who seems to have stopped DCAing into it.
BTC TA :
W : The week ended with a small red candle, a relatively calm finish considering BTC is nearing $70k. Could this set us up for a breakout ahead of election results and potential rate cuts?
D : Volatility hit hard last week, as anticipated. After a rally to $69k, Friday saw a dip, but big players defended the $66.5k level. Zooming out, BTC’s price rejected the upper bound of a year-long bullish flag, confirming the breakout on October 16 and reducing fake-out risks. However, there are currently no bullish divergences across MACD, RSI, CVD, or OBV.
4h : The recent triple divergence has been cleared, with no new divergences appearing.
1h : Overbought RSI and a shooting star at Monday's open signal a short-term correction, with support at $68.2k and $67.7k.
Alts Relative to BTC : ETH remains in a consolidation phase, still far from breaking all-time highs like BTC. SOL has been tracking BTC's moves more closely, while NEAR
is close to its yearly low of $3.8. Meanwhile, SUI, APT, and TAO saw 20%-30% corrections last week.
Bull Case : We’re breaking out of a year-long bull flag, potentially en route to $100k, with BlackRock leading the charge. Trump appears likely to win, the CME tool shows only a 1% chance of no rate cut, and gold is on the rise. Unless gold crashes, BTC might hold steady.
Bear Case : Is this just another bull trap set by market makers?
Fear and Greed Index : 54 – Neutral. We may see a shift to greed if BTC breaks above $73k.
C WAVE CRASH Setup from 5880 to 5944 ideal target 5910 The chart posted is my view and it is BEARISH on ALL counts Waves A and C will be equal at 5944 but also can be counted as complete at 5880 area were wave C is .786 of wave A and wave A low 5119 x 1.382 = wave B top at 5669-5119 = 550 x 1.382 = 760 plus 5119 =5879 . .If we are in the The ending Diagonal we will stop at same targets .I will move to 100 % long puts at 5920 plus and in the QQQ at 503 Market if touched MIT
SPY/QQQ Plan Your Trade For 10-28 : Top Resistance PatternToday's SPY Cycle Pattern is a Top Resistance pattern in Countertrend mode.
I believe this pattern will represent a moderate early topping price action in the SPY/QQQ - resolving slightly to the downside, then rolling into an upward price trend near the end of the day.
The reason I believe this to be the case is because of two factors.
A. The Countertrend mode suggests the top will actually be a moderate bottom in price (a pullback resolving as a base/bottom).
B. The continued bias for the markets is slightly upward, thus I believe the SPY/QQQ will attempt to reach new intermediate ATHs before we start to move into the pre-election downtrend.
Gold and Silver will struggle today as both appear to be consolidating in a FLAGGING formation.
Bitcoin is still consolidating in the Phase #3 sideways consolidation pattern of the Excess Phase Peak pattern.
Everything is playing out generally very well aligned to my research and cycle patterns. Last week I warned that market price would likely be very difficult in comparison to my SPY Cycle Patterns and that traders should begin to move to protect capital.
This week is the last week you have for any upside opportunities. You need to plan to protect capital (if you plan to) before the pre-election correction. I believe skilled traders will be able to move back into the strongest sectors at a 5.5 to 8.5%+ pullback just after the elections.
That is a smart move if you can pull it off.
Also, don't hold any Gold/Silver futures contracts through the 2-3+ days around the election day. Volatility will be EXTREME and unless you can take the lumps (margin calls), I don't advise anyone trying to trade metals on November 5-6. If you do, get in and get out QUICKLY.
Here we go...
Get some.
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