SPY/QQQ Plan Your Trade For 1-2-25 : Inside Pause PatternToday's pattern suggests the markets will stall a bit after the overnight reversion move.
If you were following my research, you already knew I was expecting the markets to rally a bit over the past 3-5 trading days. But that didn't happen as the low liquidity end of year trading prompted another downside price event.
In my opinion, this was all due to a lack of market liquidity. When there is very low liquidity, the MMs can move price more easily as the number of buyers and sellers drops (creating a wider price spread). It is also the type of market environment where FLASH CRASH types of events can take place.
Now that we are into early 2025, liquidity will deepen (more active traders) and this will result in a possible reversion event (upward) in price leading to the Inauguration event (IMO).
Just like I've been suggesting over the past 2-3+ weeks.
Gold and Silver are recovering nicely. I believe Gold and Silver will move back towards their recent highs over the next 30+ days.
Bitcoin is still struggling just below $100k, but I believe the ultimate move for Bitcoin will be a retracement to the downside before finding support near $72k and then starting a bigger rally above $120k.
In 2025, I've made a commitment to do more to help more traders. I'm working on new TIMING tools to assist in developing better analysis for everyone. If this research/work plays out well, I'll try to make these new tools available to everyone.
Remember, trading is all about managing capital, expectations, and risks. If you are still struggling with your trading - follow my research and learn how to time/execute better trades.
Get some.
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SPDR S&P 500 ETF (SPY)
SPY to $650 in January?SPY recently retraced to the bottom of our Magic Linear Regression Channel with a large 3%+ move. Today, there was a nice bounce bounce from the channel bottom, back up to yesterday's open. So, what's next for SPY. The Magic Linear Regression Channel shows upside potential to it's baseline back at its recent all-time highs, and the potential for a higher move to the $630-$650 range. However, there is also the potential for it to fall back through the channel. Since we've been in a bull market for awhile now, that channel break would have to happen more definitively in order for that to be a likely scenario.
We've recently introduced the Magic Candles PRO indicator, which shows high volume candles that have very little price movement. When paired with the Magic Linear Regression Channel on a 1 day chart, it tends to show reversals at key levels on the Magic Linear Regression Channel. However, because we had a large move down on Weds, Dec. 17th 2024, and a large move up on Friday, Dec. 20th 2024 and ended up at the open of Thurs., Dec. 18th 2024, we get a doji on the 2 day chart that shows a massive "volume hammer" signal not seen since 2019, 5 years ago.
This signals that we are on the verge of a large sustained move. Again, because we've been in a bull market, and there aren't any very strong signs that it is over, we suspect that the large sustained move will be to the upside, because of the signal. If the price breaks down out of the channel, then we'll be in for a nice downward ride. Until that happens, though, we're bullish as we approach the all-time high again, and all the way to the $630-$650 range.
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
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!