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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
AMEX:SPYLong
by stewdamus
5
SPY H&S is breaking. The market may have just flipped!H&S Broke it's neckline and the overall $580 Support. We are seeing this break of support across the NASDAQ:QQQ AMEX:IWM as well. This is all leading me to believe strongly that we are now in a crash or correction in these markets. I personally sold out of all my TRADES and am HOLDING and DCAing in all my INVESTMENTS. The difference here is my Trades where to the upside and with the markets telling us where we are most likely heading now I am not staying in trades to find out if it will be for 5% or more to the downside from here as this would lead to all long trades getting pulled to the depths of hell. There are no certainties, and before, based on what I was seeing, I said I believed we would bounce and hold this area (Which could still be the case), but all reasoning behind that has been ruptured, and I have nothing left to believe in that besides small criteria. To be a good or profitable trader, you need to be not stubborn, follow a set trading strategy, and be reactive to the markets and what they are telling us—not go against the overall trend! All we have are charts and indicators to help us make our best assumptions of what will happen. More criteria pointing in one direction is the way you have to assume we will go...well we went from pointing up and for an imminent bounce to most criteria pointing down for what will either be one of the biggest fake outs ever's or a correction/ crash in the markets after a massive 2 year bull run. Only time will tell at this point, but I wanted to make this post to inform everyone here about what I personally did and what I'm seeing. I DID TALK ABOUT A CORRECTION/ CRASH THIS YEAR IN THE MARKETS IN MY 2025 PREVIEW BUT SAID SECOND HALF AND THAT WAS MY BEST GUESS... As always this is NOT FINANCIAL ADVICE and NEVER WILL BE! Everyone needs to play their own book and make their own ADULT decisions.
AMEX:SPYShort
by RonnieV29
17
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!
AMEX:SPYLong
by MyMIWallet
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
CME_MINI:ES1!Long
by 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.
AMEX:SPYLong
by RonnieV29
31
Market insights & Where we are heading on the $QQQ $SPY $IWM 📊 Market Insights & Future Trends: NASDAQ:QQQ AMEX:SPY AMEX:IWM In this must-watch video, we’re diving deep into: Market Direction: Projections for where the markets are heading this week into year-end. Potential Catalysts: Key events and factors that could cause significant market shifts. My Secret Tools & Strategies: An inside look at the methods I use to anticipate market moves. Ready to get ahead of the game? Let’s dive in and uncover the insights you need to stay informed and strategic! Like l Follow l Share for more content!
AMEX:IWMLong
by RonnieV29
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.
AMEX:SPYLong
by TopgOptions
1
SPY I Bullish rally and more continued growthWelcome back! Let me know your thoughts in the comments! ** SPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
SP:SPXLong
by BKTradingAcademy
3
Comprehensive Technical Analysis: SPX 10-Minute ChartThis SPX 10-minute chart shows a clear intraday shift from a bearish to a bullish trend, accompanied by multiple technical signals. Let’s break down the analysis across different technical components: 1. Trend Analysis: Initial Downtrend: The session started with bearish momentum as indicated by Put Signals and declining price action. The lower lows created a brief bearish trend that ended with a strong reversal. Bullish Reversal: The reversal is confirmed by a series of Call Signals after a strong bullish breakout from the previous consolidation zone. The price broke above a significant resistance level around 5,731.94, leading to a steady uptrend. 2. Moving Averages: Short-Term Moving Average (Orange Line): This acts as immediate support during the bullish run. The price consistently stays above this line, indicating short-term bullish strength. The slope of the moving average is steep, reflecting increasing bullish momentum. Mid-Term Moving Average (Blue Line): Positioned further below, the blue moving average provides a broader support level. This indicates that the medium-term trend remains supportive of the upward move, showing a well-established bullish context. 3. Heikin Ashi Candles: Bullish Momentum: The Heikin Ashi candles display a strong bullish pattern with several consecutive yellow candles and minimal lower wicks, indicating reduced volatility on the downside. Temporary Pullback: A few red candles appear, marking brief consolidation but not a trend reversal. The continuation of yellow candles afterward confirms sustained bullish pressure. 4. Key Signals and Levels: Entry Long: A long entry signal is observed after the breakout around 5,731.94, which was an excellent point for entering the bullish trade. Exit Long: The Exit Long signal near 5,776.76 suggests taking profits after the bullish move. This level now serves as short-term resistance. Support Levels: Immediate Support: 5,755.43 – A pullback to this level would still align with the bullish structure as long as it holds. Major Support: 5,731.94 – This level marks the breakout point, acting as a strong floor for further bullish moves. 5. Volume and Momentum: Although volume is not displayed, typically such strong moves (as indicated by Heikin Ashi and moving averages) are accompanied by rising volume. Momentum: Bullish momentum remains high, supported by consistent upward price movement and the sustained hold above the moving averages. 6. Resistance and Future Outlook: Immediate Resistance: The price is facing resistance at 5,776.76. A break above this could open the path to higher levels, potentially testing psychological levels like 5,800. Continuation or Pullback: If the price breaks above 5,776, we can expect a continuation of the uptrend. However, a failure at this resistance might lead to a short-term pullback to 5,755 or even 5,731. Conclusion: The chart reflects a strong bullish reversal with clear signals of upward momentum. Traders should watch the 5,776 level for a breakout confirmation or potential pullback to the key support levels at 5,755 and 5,731. Maintaining the trend above the orange and blue moving averages will be crucial for sustained bullish movement.
AMEX:SPYLong
by Deno_Trading
SPX 7-Minute Chart Analysis: Identifying Bullish MomentumThis SPX (S&P 500 Index) 7-minute chart provides a look into intraday bullish momentum using Heikin Ashi candles and moving averages. Here’s a breakdown of the key points and signals observed on this chart: Key Indicators and Signals: Call Signals: The chart shows multiple “Call Signal” indicators (in green) along the trend, which highlight points where buying momentum is potentially entering the market. Each of these signals aligns closely with support areas or pullbacks within the uptrend, offering opportunities for entries in line with the prevailing trend. Moving Averages (Orange and Blue Lines): Orange Line (VWAP): The orange line tracks closer to price action and appears to act as a dynamic support level, with prices bouncing off it several times as the trend progresses upward. This moving average helps confirm the short-term bullish trend. Blue Line (50 EMA or SMA): The blue moving average is further from the price but shows the overall upward trend. The price remains above this line, further confirming that bullish momentum is intact. Heikin Ashi Candles: The Heikin Ashi candles show consistent bullish candles (yellow) with few lower wicks, which indicates strong buying pressure. The limited presence of red candles reflects minor pullbacks rather than trend reversals, which is typical in a sustained uptrend. Gray Support Zone(ORB): There’s a gray support zone below the price AKA the opening range breakout, which was tested but held successfully. This area marks a key support level, as each time the price neared this zone, it bounced back, showing that buyers are defending this level strongly. Analysis and Outlook: Bullish Trend Confirmation: The consistent uptrend in SPX, supported by both moving averages and the strong Heikin Ashi candles, suggests that bullish momentum is likely to continue. The multiple “Call Signals” give confidence in the trend’s strength, indicating potential for further upside. Entry and Exit Opportunities: You could use the pullbacks to the orange moving average or gray support zone as potential entry points, aligning with the overall uptrend. Watch for continued “Call Signal” alerts near these areas for high-probability entries. Key Levels to Watch: Support: Gray zone around 5,719 - 5,720 and the orange moving average. Resistance: Look for any signs of resistance at psychological levels like 5,740 and 5,750, where some profit-taking might occur.
AMEX:IWM
by Deno_Trading
SPY Multi-Timeframe Analysis: S&P 500 ETF Trust (SPY)1. Weekly Chart: Uptrend Intact: The weekly chart shows that SPY continues to trade within a broader uptrend, consistently making higher highs and higher lows. It has held above its key moving averages, particularly the 50-week moving average (blue) around $515. MACD Momentum: The MACD histogram shows continued positive momentum. This suggests that bullish sentiment remains strong, with no significant reversal signals yet. Key Resistance: We are testing the $577 level, which appears to be a significant resistance zone. If broken, SPY could extend toward new all-time highs. 2. Daily Chart: Testing Resistance: The daily chart provides a clearer view of the immediate resistance at $577. We’ve seen several attempts to break through this level, but so far, the price has been contained below it. Moving Average Support: The 50-day moving average (green) has acted as strong support, currently around $555.80. As long as SPY holds above this, the bulls remain in control. Momentum Indicator: The MACD on the daily chart is trending positive, showing increasing bullish momentum. This signals that a breakout above $577 is likely if this momentum continues. 3. 4-Hour Chart: Bullish Momentum Building: The 4-hour chart shows a series of higher highs and higher lows, indicating the bullish momentum is building. Price has been supported by the 50-period moving average at $564.10. Immediate Resistance: The key level remains $577. A clear break above this resistance level on strong volume could signal further upside, potentially pushing SPY toward the $580-$585 range. MACD Shows Caution: While the MACD remains in the green, it’s showing early signs of slowing momentum on this timeframe. This suggests that a brief consolidation or pullback might occur before a breakout. 4. 30-Minute Chart: Tight Range Formation: On the 30-minute chart, SPY is trading within a tightening range, with support around $572.21 and resistance at $577.11. Key Trendlines: We can observe two converging trendlines (green and red), which often precede a breakout. If SPY breaks above the red trendline (around $577), it could lead to a strong upward move. Conversely, a break below the green trendline would signal a potential retracement. Bullish Outlook: SPY remains in a strong uptrend across multiple timeframes, with positive momentum indicators and key moving averages providing solid support. The next critical level to watch is $577. A sustained break above this could see SPY move toward the $580-$585 range, continuing the bullish trend. Risk of Consolidation: However, there is a risk of short-term consolidation, especially on the lower timeframes, before any major breakout occurs. A drop below $564 on the 4-hour chart or $572 on the 30-minute chart could indicate a deeper pullback.
AMEX:SPYLong
by Deno_Trading
1
SPY: 2007 vs. 2024 Rate Cut CyclesEconomic Indicators Comparison (2007 vs. 2024): In both 2007 and 2024, several key economic indicators show notable similarities, suggesting the market faces comparable macroeconomic challenges: Unemployment Rate (September 2007: 4.7%; September 2024: 4.2%) US Inflation Rate YoY (September 2007: 2.5%; September 2024: 2.5%) US Housing Starts (September 2007: 1.238M; September 2024: 1.235M) US Leading Economic Activity (September 2007: 100.4; September 2024: 100.4) US Existing Home Sales (September 2007: 4.5M; September 2024: 3.95M) These parallels reinforce the notion that the 2024 market may experience similar stress as 2007 unless significant positive economic developments occur. Overview: The charts and additional data provided give a compelling comparison of two major market cycles: 2007 and 2024. Both cycles show striking similarities in market behavior, particularly surrounding the first rate cuts by the Federal Reserve. We see a top in the S&P 500 (SPX) in July of both years, followed by corrections, recoveries, and rate cuts in September. 2007 Market Behavior: July 17, 2007 - SPX Tops: The S&P 500 peaked in mid-July 2007, reaching new highs as the economy, on the surface, seemed stable. -9.5% Correction: Shortly after the top, the market corrected, declining by 9.5% in response to growing concerns about the subprime mortgage crisis. Full Recovery: The market briefly recovered as investors expected the Federal Reserve to step in with supportive policies. September 18, 2007 - First Rate Cut: The Federal Reserve cut rates for the first time in September 2007, sparking optimism that monetary easing could prevent further economic deterioration. Market Collapse: Despite the rate cuts, the crisis deepened, leading to a full-scale market collapse as the global financial crisis unfolded. 2024 Market Behavior (So Far): July 17, 2024 - SPX Tops: Once again, we see the S&P 500 peak in mid-July 2024, a period marked by inflation concerns and economic uncertainty. -8.6% Correction: Similar to 2007, the market corrected by 8.6%, driven by fears of a potential economic slowdown and the anticipation of monetary policy adjustments. Full Recovery: The market saw a brief recovery, as investors anticipated rate cuts to alleviate economic pressures. September 18, 2024 - First Rate Cut: The Federal Reserve cut rates on September 18, 2024, echoing the 2007 scenario. However, whether the market will collapse, stabilize, or recover remains to be seen. Comparative Analysis: Topping Patterns: Both 2007 and 2024 show a clear topping pattern in July, followed by sharp corrections and subsequent rate cuts in September. This parallel highlights the cyclical nature of market reactions to monetary policy. Rate Cut Effects: Historically, the first rate cut has not always led to an immediate market recovery. In 2007, despite initial optimism, the market eventually collapsed as the underlying economic problems, specifically the subprime crisis, worsened. The question now is whether the 2024 market will follow the same path, especially considering ongoing inflation and potential economic stagnation. Key Observations: Corrections and Recoveries: Both markets experienced similar corrections post-top. The 8.6% correction in 2024 mirrors the 9.5% drop in 2007, showing that investor sentiment and market behavior can repeat under similar macroeconomic pressures. Rate Cut Timing: In both years, rate cuts followed periods of market instability, with the hope that monetary easing would stabilize the economy. However, uncertainty looms in 2024, as it is yet unclear whether these cuts will prevent a deeper recession or lead to further volatility. Potential for Market Collapse in 2024: While the 2007 market collapse was driven by the subprime mortgage crisis, the 2024 market faces different challenges, such as inflationary pressures, geopolitical instability, and evolving global trade dynamics. There remains a risk that the 2024 market could experience a sharp downturn if these issues worsen.
AMEX:SPYShort
by alcoholic-semen-thrower
SPY Advanced Analysis by Deno Trading: What’s Next for the S&P 5Let’s dive into the SPY analysis across multiple timeframes, looking for key insights on where the market could be headed. I’ll break it down step by step so it’s easier to follow along. 30-Minute Chart Overview: Current Price Action: We’re sitting around $569, and what’s really interesting is that SPY has been consolidating after hitting a recent high of $570. The market is in a bit of a tug-of-war between bulls and bears, and we’re right at a pivotal level. Key Resistance: The $570 - $574 zone is a major resistance level. Every time we’ve tested it recently, we’ve seen the market pull back, indicating strong selling pressure. This zone is critical, and we’ll need to break above it with volume to see any further upside. Support: On the downside, the first level of support is around $565, followed by $561, which aligns with the 50-period moving average on the 30-minute chart. If the price breaks below this level, we could see further downside pressure. 4-Hour Chart Insights: Moving Average Support: On the 4-hour chart, we’re seeing strong support at $561, where the 50-period moving average has been acting as a floor for recent price action. As long as SPY holds this level, the bulls still have a chance to regain control. Potential Bullish Scenario: If the price holds $561 and pushes higher, a break above $574 could take us to new highs for the year, potentially testing levels above $580. Bearish Case: If we fail to hold $561, I’d expect a move down towards $552, where the next level of support lies. This level has acted as both resistance and support in the past, making it an important area to watch. Daily Chart Breakdown: Longer-Term Uptrend: The daily chart shows that SPY is still in a broader uptrend, holding above the 200-day moving average, currently sitting around $552. This level has provided a solid base throughout the year, so as long as we remain above it, the long-term trend remains bullish. Current Resistance: The $570 - $574 resistance zone is evident here as well. This level marks the highs from September, and breaking it would signal the market’s willingness to push towards $580 and beyond. Weekly Chart for Perspective: Larger Timeframe: The weekly chart tells a similar story. We’re hovering around $570, right at a major resistance level. The 50-week moving average, sitting around $512, is well below the current price, suggesting we still have a cushion before a significant breakdown would occur. What to Watch: If we break $574 on the weekly chart, we could see a massive bullish continuation. However, failure to break this level could lead to a bigger pullback to $550 or even $530 in the weeks ahead. Conclusion & What I’m Watching: Bullish Breakout Scenario: If SPY breaks above $574 with strong volume, we could see a rally towards $580 or higher. This would confirm that buyers are back in control. Bearish Rejection Scenario: On the flip side, failure to break this resistance could lead to a pullback towards $561 or even $552. If we break below those levels, the bearish case strengthens, and we could see further downside. Final Thoughts: Right now, we’re at a pivotal point. The next few trading sessions will determine whether we’re gearing up for a breakout or a more significant pullback. I’m watching the $570 - $574 level closely for signs of either bullish continuation or rejection.
AMEX:SPY
by Deno_Trading