Learning To Plan Your Trade With SPY Cycle PatternsDid you watch my SPY Cycle Pattern video this morning? Were you aware that today was designated a Harami-Inside type of price action? This type of pattern represents a very narrow, often trendless, trading day.
I warned all of you before the market opened that today would be a day to sit back and wait for the market to show us whether it wanted to trend or not. Obviously, there were some quick pullbacks and trends—but nothing very big. If you had stayed out of the market most of the day, you probably would have been happy avoiding the chop.
Tomorrow is a big CRUSH pattern. These patterns are usually fairly large price range bars that often move against the 3~5 bar trend - in this case, downward.
This video covers the next three weeks of trading in the SPY and shows how I read the SPY Cycle Patterns as "sentences" related to how prices will react and move (including trends and ranges) going forward.
Of course, nothing is 100% perfect when predicting future price trends. But I think you'll find real value in the SPY Cycle Patterns and how they can help everyone prepare for the type of price action to expect.
Plan your trade. Use all the tools required to help you make better decisions.
Remember, trade only when the market provides opportunity and efficient price trends.
I'll keep updating these videos for all of you over the next few weeks. Let's go make some money as the markets trend into Q2:2024 earnings.
Ym
Plan your trade for 6/18/24 - SPY researchHere is another video to help you prepare for the next 2+ weeks of trading in the US markets.
Using my specialized SPY Cycle Patterns and technical analysis, I still see the markets consolidating in a melt-up type of trending over the next 2+ weeks before moving into a strong rally phase near late June/early July.
You can see how my SPY cycle patterns help into understand opportunities and when to prepare for more aggressive trading.
Today is a Harami-Inside pattern - meaning I will be mostly sitting on the sidelines today. Maybe targeting one or two quick trades.
But tomorrow and the rest of this/next week look very solid for more moderate/aggressive trading in bigger price trends. And, I'm going to start preparing for the RALLY, RALLY, RALLY phase near July 1, 2024.
Learn how my specialized research can help you. Learn the Mechanics of Trading.
Let's go get'em.
Plan Your Trades - SPY Research For 6/17 & BeyondI put together this video to help traders plan and prepare for the next 30-60+ days - as we move into Q2:2024 earnings and pre-election consolidation.
Every week, I spent hours going over my Custom Indexes, proprietary price modeling systems, sector analysis, and more. My goal is to help as many traders as possible prepare for the greatest opportunities of their life (the next 5 to 10+ years).
I see so many traders getting trapped into following free or paid internet advice and blowing up their accounts. In my opinion, stick to the basics. Price is the ultimate indicator.
Then, determine the true bias of price trend and identify strong candidates to profit within that trend.
If you are a daytrader - you probably won't like my research/comments. I don't really daytrade much. I'm more of a swing trader - looking for 8% to 25% swings that take 3 to 20+ weeks to mature.
Either way, this video will help you understand what to expect over the next 30-60+ days in the US/global markets. Prepare for a big move in late June or early July.
Understanding my SPY Cycle Patterns - Bottom-103This video highlights the Bottom-103 pattern and how price action (support/resistance/rejection) can be used to confirm and execute better trades.
This is something most traders will easily understand as a BOTTOM pattern reflects a possible bullish price trend - except when price rejects this setup and trends downward.
Learn how my SPY cycle patterns can help you become a better trader.
SPY Rallying to $608+. Are you ready?My research suggests the SPY will quickly rally above $560 and continue higher to breach $608 (a 100% Fibonacci measured move) before the end of August.
The Q2:2024 earnings data and continued US economic strength will drive capital investments in US equities over the next 3+ months.
Traders continue highlighting the risks related to US banking issues and the related downside price concerns. I also share these concerns - but continue to follow the price action simply.
My analysis suggests the SPY will attempt to rally to levels close to $605+ before finding any major resistance.
SPY Flag Apex Resolves Into Wash-Out Low - BULLISHSPY Flag Pattern resolves into a Wash-out low pattern - setting up a very big BULLISH price rally.
As long as key support near 524.70 holds, price should expand upward targeting 530-531+
Watch my other TradingVide videos to learn the Mechanics Of Trading. Everything you need to know is in PRICE.
SPY May Rally Above $540 Before You Know It...My research continues to support more Bullish trending for the SPY and other US major indexes.
I keep seeing others propose a market crash scenario - week after week... after week.
I certainly hope you were not following their suggestions too closely - because the SPY has rallied more than 7% from the recent lows. That's a lot of losses piling up for anyone caught on the short side of the markets right now.
Watch my video. Learn how I read the markets in a different format. And learn how to use my research to help you become a better trader.
I've posted many training videos on TradingView - please spend some time checking them out.
Get ready for a potentially explosive move in the SPY - targeting $545+... possibly rallying above $560 before the end of June 2024.
US Markets May Rally 60% to 100% On Strong Technical DataI posted a similar video yesterday, but it was taken down because I screwed up the content. So, I'll try to post this video without messing up the content.
The US markets (particularly the NAS100 - as shown in this video) will likely continue to move in a strong bullish price trend - even against the multiple divergences and other technical peak/exhaustion patterns over the next 3 to 4+ years.
Far too many people simply don't understand the dynamics at play right now, with the superheated US economy and the predatory Fed processes creating this parabolic Bullish price move.
Be prepared. Many people will be picking tops for the next 3~4+ years, and you are going to hear a lot of FEAR in their voices. You must attempt to understand the true market dynamics at play and stay away from group-think.
Hope you enjoy this video.
YM (US30, Dow Jones Industrial Aveage) Puts in a Double TopYM (US30) 4 Hour, Fibs: Traded the first bear fib after the double top and saw it trade past its objective yesterday. The Dow has been one of the weaker indices of late, after outperforming most of the year. It didn't even make it up to the 50% line, selling off at the 38.2% line in the initial down move. Then, yesterday, on the rebound, it traded it's halfway back short. ####TRADE ALERT####
YM (DOW 30)
Call: Short
Entry Type: Market 39320
SL: 39500
TP1 / TP2: 38636
################### Normal Size Position - Much Better Entry at A Series Fib with a Much Larger Reward:Risk 900 points of reward:200Points of Risk
ES Futures Primary AnalysisI'll keep this brief.
The area on the chart where purple 5 resides best counts as a 3-wave structure. Therefore, in my primary analysis, I am counting this as an irregular b wave that made a slightly higher high and now we should be heading into the 4370 area for our black c wave of 4. I have a purple alternative 5 on the chart because there is a chance of wave 5 truncation...but that is only confirmed with a breach of 4260. If my primary analysis is correct, our black wave 5 should conclude in the area of 4519-4530.
Therefore we await more price action.
Best to all,
Chris
Dow 4hour say= when pinbar comes,pick buy and hold when you see buy pinbar on 1hour or 4hour or daily chart ,pick buy with SL=pinbar low
wait time=2week
predict=dow,nasdaq,sp500 will see all time high again (35000) but with 2-3 mini crash
if you have old buys,dont fear, if red area break,hedge your buys
wish you win
ES (SPX500) Short-Term Bullish Expectation/AnalysisThis expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF
- ETC
YM1! US30USD DOW 2023 APR 24 WEEKYM1! US30USD DOW 2023 APR 24 WEEK
Discretionary trade at the 34275 rejection yielded 350pts.
With price failing to reach previous supply level 34605,
could market be indicating that demand at higher levels
have been exhausted?
If so, we may be looking at further distribution (i.e. selling)
Possible scenarios:
1) With weakness observed, wait to short at rejection at 34605 // 34275
2) Possibility of rotation between 33670 - 34275 = trade at boundary
of range
Volume Analysis:
Daily: Possibility of buying climax.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35228 34605 34275
33670 32681 31657
Remember to like and follow if you find this useful.
Have a profitable week ahead. CBOT_MINI:YM1!