Geometric Point of Focus fib relationship also UK TURN The chart of the UK market I posted early today the weekly charts to view < well here is the daily is now Posted as you can see . We turn a very power point .!!I am Not BULLISH
Spy500
S&P500 - Preparing For The Final Bullrun!S&P500 ( TVC:SPX ) is still heading higher:
Click chart above to see the detailed analysis👆🏻
Although the S&P500 has been creating new all time highs for the past couple of months, charts are clearly telling us that this bullrun is not over yet. We already saw two textbook cycles of +90% each and during 2025, we will see the completion of the third and final bullrun.
Levels to watch: $7.000
Keep your long term vision,
Philip (BasicTrading)
SPY ROAD TO THE TOP 2025 I will post this as your road map to the final 5th wave from oct 13 2022 low to top of wave 5 of 3 in the super cycle . the likely date for the final 5th wave is now a window from 2/14 to 3/13 I will talk more about 3/13 soon I am not ready for the public to view this turn date . best of trades Wavetimer
SPY Gap Filled - Local Bottom - More SendTrading Fam,
I am not overlooking the small H&S pattern seen on this chart. I am simply presenting alternative data. What if that H&S pattern fails? It can happen. Even if we do drop further, our target down is that pink horizontal trendline. Will we get there before more buying ensues? Possibly. But this market is still bullish. The larger bull trend is still very much in tact.
Additionally, we can see that an important gap has been filled. Therefore, it is very possible that the small H&S pattern we see here will not reach its target down. If that is the case, we'll turn up again, continue through my Target #2 which was already hit, and proceed onward and upward to my final Target #3 (670-700) until that is reached sometime in 2025. Therefore, you are not wrong to start DCA'ing in at this point.
✌️ Stew
Bull Market is about to Flip to Bear Market!AMEX:SPY
SO EASY A CAVEMAN CAN DO IT! 🤷♂️
It's the same thing on the NASDAQ:QQQ too
If we hold this month outside this WCB, it's over!❌
Not financial advice
SPY TARGET METGave my levels on SPY on the 4HR on Wednesday if 586 couldn't hold. Jobs report came out on the strong side, gave a great flush to the downside in the morning. 580 target met, buyers stepped in and SPY bounced off of that level to the upside. Pretty easy play to end the week.
Pre-Market Update: SPY - 01092025 - $586-$586.50 Support RetestWatching the SPY going into Premarket, it lost support at the $588.62 Levels, so we're looking for that $586-586.50 to gauge if the Markets will lose steam and pullback even more (providing better buying opportunities on our other Trade Analysis). The question is always, "How far are really pulling back though?"
Today's Economic Calendar:
Event Type Date Time Description
Econoday event Jan 09, 2025 01:00 AM Industrial Production
Econoday event Jan 09, 2025 01:00 AM Merchandise Trade
Econoday event Jan 09, 2025 01:00 AM Industrial Production
Econoday event Jan 09, 2025 01:00 AM Merchandise Trade
Econoday event Jan 09, 2025 04:00 AM Retail Sales
Econoday event Jan 09, 2025 04:00 AM Retail Sales
Econoday event Jan 09, 2025 06:30 AM Challenger Job-Cut Report
Econoday event Jan 09, 2025 06:30 AM ECB Minutes
Econoday event Jan 09, 2025 06:30 AM Challenger Job-Cut Report
Econoday event Jan 09, 2025 06:30 AM ECB Minutes
Econoday event Jan 09, 2025 07:30 AM Jobless Claims
Econoday event Jan 09, 2025 07:30 AM Jobless Claims
Econoday event Jan 09, 2025 09:00 AM Wholesale Inventories (Preliminary)
Econoday event Jan 09, 2025 09:00 AM Wholesale Inventories (Preliminary)
Econoday event Jan 09, 2025 10:00 AM 3-Month Bill Announcement
Econoday event Jan 09, 2025 10:00 AM 6-Month Bill Announcement
Econoday event Jan 09, 2025 10:00 AM 3-Month Bill Announcement
Econoday event Jan 09, 2025 10:00 AM 6-Month Bill Announcement
Econoday event Jan 09, 2025 10:30 AM 4-Week Bill Auction
Econoday event Jan 09, 2025 10:30 AM 4-Week Bill Auction
Econoday event Jan 09, 2025 03:30 PM Fed Balance Sheet
Econoday event Jan 09, 2025 03:30 PM Fed Balance Sheet
Econoday event Jan 09, 2025 05:30 PM Household Spending
Econoday event Jan 09, 2025 05:30 PM Household Spending
Econoday event Jan 09, 2025 11:00 PM Equity Settlements
Stay tuned by connecting with us below to discover more at @MyMI Wallet!
Market Open Update: ES Buy Zone Here? APEX Trade of the DayHere's our APEX Trade of the Day!
The ES provided us with a healthy pullback providing a re-buy zone around the $5975 - $5982. We can use this as an overall market gauge to see some pushes higher in our trades that we have shared!
If you have seen them yet, be sure to follow for more as we can analyze the Market and finding what's available as to get positions in as we move forward into 2025!
Connect with us to stay tuned for more at @MyMIWallet #MyMIWallet
SPY Triple Bottom, Rally time?!AMEX:SPY SP:SPX
I'd really like us to end the week above $580 in order to have this either Double or Triple bottom friends!
I could see a flash crash down to fill the price GAP at $574.81 as well.
Either way from what I'm seeing on the TVC:VIX , Economic numbers, and the charts I believe we are getting close to a bottom friends.
Consolidate down to only the best names until we receive that confirmation. They did a fake out today and another FED putting FUD into the market didn't help with the GDP projection.
Not financial advice.
SPY vs SMHCan markets rally without Semis participating in the rally ? It is clearly forming a bullish wedge on the daily. #SEMI are the new Transports.
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.
Nightly Predictions for 12.17.2024🔮
⏰8:30am
Core Retail Sales m/m
Retail Sales m/m
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
THE ONLY BULLISH WAVE COUNT The chart posted is the only bullish wave count based on what I see . I will await confirmation and take only a small long and Move to a 100 % puts if we rally above 6108
S&P500 - The Most Important Channel Breakout!S&P500 ( TVC:SPX ) is retesting a crucial breakout area:
Click chart above to see the detailed analysis👆🏻
During 2024, the S&P500 rallied more than 25% after we already saw a very bullish year of 2023. However, momentum is always more likely to continue and since the S&P500 is currently retesting a major breakout level, this bullish momentum could lead to a final breakout.
Levels to watch: $6.000
Keep your long term vision,
Philip (BasicTrading)
Nightly $SPX / $SPY Predictions for 12.09.2024🔮
📅Tue Dec 10
All Day
OPEC Meetings
📅Wed Dec 11
⏰8:30am
Core CPI m/m
CPI m/m
CPI y/y
⏰10:30am
Crude Oil Inventories
📅Thu Dec 12
⏰8:30am
Core PPI m/m
PPI m/m
Unemployment Claims
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
Expired SPY Weekly outlook. 1st WK DEC 2024Expired SPY Weekly outlook. 1st WK DEC 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 598.79
This Week Target Price: 605
Strike Price: 606.26 on DEC 4, 2024
Upper Range: 612
Lower Range: 597
$U fake out to breakout? In early November, Unity Software ( NYSE:U ) appeared poised for a breakout, but instead, it reversed course and sold off by the end of the trading session. The stock swiftly dropped from $23, breaking through the $18.50 support level and triggering stop-loss orders 🤦♂️. However, it quickly rebounded, surging past its early-November highs 😊. This type of price action often signals the potential for a strong upside move 🚀.
Expired SPY Weekly outlook. 3rd WK NOV 2024Expired SPY Weekly outlook. 3rd WK NOV 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 585.75
This Week Target Price: 587
Strike Price: 590.30 on NOV 19, 2024
Upper Range: 600
Lower Range: 574
Nightly $SPY / $SPX Predictions for 11.19.2024🔮I have a bullish sentiment for the markets temporarily. The amount of bullishness in the market is kinda of scary but follow them for a little bit and then looking for a short.
⏰8:30am
Building Permits
📅Day 2
G20 Meetings
Market (Sectors) Performance OutlookSince November 6th, we’ve witnessed a seismic shift in the market landscape, with crypto breaking through and outperforming the broader market. 📈
The sectors leading the charge against the S&P 500 are XLY, XLE, XLF, XLC, and XLK. Notably, the MAG 7 have also been outpacing the market since November 7th. 💪
Smart money seems to be flowing into crypto, contributing to the sell-off in the S&P 500.
From a macroeconomic perspective, XLK and XLC have been market leaders for the past few months. However, it might be time to pivot towards the Energy sector, especially after a stellar earnings season where major E&P companies smashed their earnings estimates. ⚡️
Stay tuned and ready to capitalize on these dynamic market movements! 📊💼
Expired SPY Weekly outlook. 2nd WK NOV 2024Expired SPY Weekly outlook. 2nd WK NOV 2024
> BEARISH 📉 HIT
Prior Week Closed Price: 600.05
This Week Target Price: 597
Strike Price: 594.57 on NOV 12, 2024
Upper Range: 610
Lower Range: 584
#weekly2ndNOV2024 #spy AMEX:SPY #putiq
SPY S&P 500 ETF End of the Year Price Target If you haven`t bought the recent dip on SPY:
Now with Goldman Sachs lowering U.S. recession odds from 20% to 15% and raising their 2024 year-end S&P 500 target to 6000 from 5600, the outlook for the market appears increasingly optimistic.
The reduced recession risk suggests stronger economic stability, and the upward revision in the S&P target points to continued growth potential.
Given these factors, I agree that a year-end price target of 600 on SPY is achievable.
SPY I Bullish rally and more continued growthWelcome back! Let me know your thoughts in the comments!
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