SPY/QQQ Plan Your Trade For 5-8 : Carryover PatternToday's Pattern is a Carryover pattern in Carryover mode.
After yesterday's FOMC news (unchanged), the markets are seeking a bit of direction. Bitcoin rallied and INVALIDATED a EPP Flagging pattern. In my opinion this suggests the SPY/QQQ may attempt to move a bit higher after the Fed decision.
Al
ETF market
Major Correction in Progress🔎 Detailed Technical Analysis
This chart displays a full 5-wave impulsive Elliott structure ending in an expanding wedge, a classic sign of exhaustion. After peaking near $493, the price broke the primary bullish channel and began a significant ABC corrective wave.
🧱 Why Renko? Filter Out the Noise
$SPY Its time according to my chart.. Lower high is the trigger I posted two charts for reference to the current situation. With a historic rally right into resistance and a fractal analog that matches, I have no choice but to remain bearish. These are my studies. Sometimes Impatience leads to things like Impulsive Entries and Exits, Revenge Trading, and at time
The Daily 200 MA Is The KeyRegarding how price action will play out over these next couple months, there's 3 likely scenarios, and it involves how price will interaction with the daily 200 MA:
BLUE: Price makes a convincing break above the daily 200 MA, retests it, and then surges onward, continuing the long-term bullish tre
SPY/QQQ 8 de Mayo 2025SPY/ES Liquidity & Target Zones - Market Plan Overview
This visual map integrates liquidity levels, volume walls, and SpotGamma data to forecast key trading zones. Let's break it down in a structured format for better clarity and decision-making:
🔴 Possible Sell Zone / Final Target
Zone: Around 571
Double Top Alert on $FNGS!🟠 Double Top Alert on AMEX:FNGS 🟠
Price just got rejected at the 100% Fibonacci extension around $56 — a textbook resistance level.
Bearish confirmation could send us down to fill the gap at $48.35 👇
⚠️ Watch $54.30 as the critical neckline!
📉 Rejection + Gap = Potential Opportunity
USO long tgt $81I do dowsing & had a date to watch for on Monday 5/5 in USO from a reading I did on 3/25 & it even suggested a swing low! Yay! I don't always get the correct info going into these dates, so I'm hoping this will get more consistent.
Anyway, there may be a spike down in USO in the near future. If so,
Nightly $SPY / $SPX Scenarios for May 8, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 8, 2025 🔮
🌍 Market-Moving News 🌍
🇺🇸 Fed Holds Rates Steady Amid Economic Uncertainty
The Federal Reserve maintained its benchmark interest rate at 4.25%-4.5%, citing concerns over rising inflation and economic risks. Fed Chair Jerome Powell emphasi
See all popular ideas
Community trends
Most active funds
Best performing funds
SymbolPrice & chgNAV total return 1Y
SymbolNAV total return 1Y / Price
SymbolPrice & chgDividend yield FWD
SymbolDividend yield FWD / Price
ETF collections
LargestHighest AUM growthHighest returnsBiggest losersEquityBitcoinEthereumGoldFixed incomeReal estateTotal marketCommoditiesAsset allocationInverseLeveragedMost tradedLargest inflowsLargest outflowsHighest discount to NAVHighest premium to NAVHighest yieldDividendMonthly distributionsHighest diversificationActively managedSectorHighest betaLowest betaNegative betaHighest expense ratioAll-time highAll-time low52-week high52-week lowETFs of the USAETFs of CanadaETFs of the United KingdomETFs of GermanyETFs of JapanETFs of AustraliaSee all
Asset allocation