Get started

Tradingcourse

SPY S&P 500 ETF Potential W-Shaped Recovery Forming We may be witnessing the formation of a W-shaped recovery on the SPY (S&P 500 ETF) – a classic double-bottom structure that often signals a strong reversal after a period of correction or volatility. Let’s dive into the technicals and what this could mean in the sessions ahead. 🔍 The Technical Setup: SPY recently tested key support around the $485-$500 zone, bouncing off that area twice in the past few weeks. This gives us the left leg of the W and the first bottom. After a modest relief rally to ~$520, we saw another pullback – but this second dip failed to break below the first bottom, a hallmark of the W-pattern. As of today, SPY is starting to reclaim ground toward the $517-$520 resistance zone. If bulls can push through this neckline area, especially with volume confirmation, we could see a breakout that targets the $530-$535 area in the short term. 🔑 Key Levels to Watch: Support: $490-$500 (double-bottom support zone) Neckline/Resistance: $530 Breakout Target: $550 (previous highs) Invalidation: A break below $490 with volume could invalidate the W-recovery idea and shift bias bearish. 📊 Momentum & Volume: RSI is climbing back above the 50 level – bullish momentum building. MACD shows a potential crossover forming, hinting at a shift in trend. Watch for increasing buy volume as SPY approaches the neckline – that’s where the bulls will need to step up. 🧠 Macro & Earnings Angle: Don’t forget – we’re entering a heavy earnings season and rate cut expectations are still a wildcard. A dovish tone from the Fed and strong corporate results could be the fuel that sends SPY higher to complete this W-shaped recovery. 🧭 Final Thoughts: This is a high-probability setup if neckline resistance is broken cleanly. Wait for confirmation before going heavy – fakeouts are common in double-bottom scenarios. If we do get the breakout, we may be looking at a broader market rebound going into summer. 🔔 Set alerts near $525. A confirmed breakout could mean the bulls are back in charge.
AMEX:SPYLong
by TopgOptions
SEI Poised for a Breakout After Bold 23andMe Acquisition Bid !Sei (SEI), the innovative layer-1 blockchain designed for high-speed trading and decentralized finance (DeFi), is flashing strong bullish signals both fundamentally and technically. The recent news that the Sei Foundation is exploring the acquisition of 23andMe, the leading personal genomics company, has sparked excitement in the market. If successful, this strategic move could position Sei at the forefront of the multi-billion-dollar genomic data industry — combining blockchain’s security and transparency with the rapidly growing demand for data privacy. Why This Is Huge 23andMe recently filed for Chapter 11 bankruptcy protection, opening the door for a potential buyout. The Sei Foundation’s plan to migrate genetic data onto the blockchain would give individuals direct control over their data, allowing them to decide how it’s used and even monetize it. This taps into a massive and underserved market where data security and privacy are becoming critical issues. Bullish Chart Setup From a technical perspective, Sei’s chart is showing signs of a major breakout: ✅ Double Bottom: SEI has recently formed a clear double bottom pattern, signaling a strong reversal from recent lows. This is a classic bullish pattern that suggests the selling pressure has been exhausted and buyers are stepping in. ✅ Falling Wedge: SEI is also breaking out of a falling wedge, a high-probability bullish formation. Falling wedges typically lead to strong upside moves as downward momentum fades and buying pressure builds up. ✅ Volume Increasing: Recent spikes in volume confirm that smart money could be accumulating in anticipation of a breakout. Perfect Storm for a Rally With a bullish technical setup aligning with a game-changing fundamental catalyst, Sei could be on the verge of a major breakout. A successful acquisition of 23andMe would not only give Sei real-world utility in the health data sector but also drive increased adoption and network activity. If SEI clears key resistance levels, this combination of technical strength and strategic growth could send the token to new highs. Sei isn’t just another DeFi project — it's positioning itself to be a leader at the intersection of blockchain, health data, and privacy. This could be the beginning of a powerful new trend for SEI. 🚀
Long
by TopgOptions
INTC Intel Price Target by Year-EndIntel Corporation (INTC) has been trading near a key technical support level, forming a triple bottom on the chart—a bullish reversal pattern that suggests a potential upside move. The stock currently trades with a forward price-to-earnings (P/E) ratio of 20.44, which reflects moderate valuation levels compared to industry peers. Intel’s turnaround strategy, focused on rebuilding its foundry business and strengthening its position in the AI and data center markets, is starting to show signs of progress. The company’s push into advanced chip manufacturing and strategic partnerships with major tech firms have positioned it for improved revenue growth in the coming quarters. Technically, the triple bottom pattern indicates strong buying interest at current levels, reinforcing the case for a potential breakout. Combined with the improving outlook for chip demand and Intel’s strategic shift toward AI, a price target of $28 by the end of the year appears achievable. This would represent approximately 15% upside from current levels. Investors should monitor Intel’s progress in its foundry business and AI initiatives, as any positive developments in these areas could accelerate momentum toward the $28 target.
NASDAQ:INTCLong
by TopgOptions
DFS Discover Financial Services Options Ahead of EarningsIf you haven`t bought DFS before the previous earnings: Now analyzing the options chain and the chart patterns of DFS Discover Financial Services prior to the earnings report this week, I would consider purchasing the 190usd strike price Calls with an expiration date of 2025-2-21, for a premium of approximately $6.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:DFSLong
by TopgOptions