SPX IS LOOKING VERY BEARISH I think SPX500 is topped out and a very bearish pattern is printed. 1. weekly chart has a hanging man confirmed 2. gap down from hanging man has now been closed on weakness 3. lower time frame charts has triple tops 4. MACD has been decelerating since July 22, 2024. Shortby RICHINVESTOR1115
$SPY - a 100% win at the top of the implied move on Friday"Last Friday, we opened with a gap up in SPY, and from there, we pushed up into the gap created on the first trading day of September. Within that gap, we reached the top of the implied move at 563, which acted as resistance. After reaching that level, we pulled back slightly but still closed within the implied move and without closing out the gap from the first week of September. If you sold bear call spreads at the top of the implied move on Friday when we hit that level, those positions would have closed up 100%. So, if you tuned in to last Friday's video and took this trade—congratulations! Currently, we are in the bear gap that opened at the beginning of September, which sits just beneath the bear gap created after reaching all-time highs. We're also in overbought territory here."by SPYder_QQQueen_Trading9
SPY/QQQ Plan Your Trade For 9-16 : Gap Reversal PatternMy honest opinion related to the next 2~3 trading days is - go take a few days off and wait out the markets for the next 48+ hours. I don't believe there will be much in terms of opportunity over the next 48-72 hours as price is likely to chop around near the top of the current FLAG. The real opportunity comes late Wednesday and into Thursday/Friday as price should attempt to break downward (if my analysis is correct) and move into a solid 5-7+ days of downward price momentum. What I see happening over the next 48-72 hours is Sideways Chop. Not fun for the average trader and really not something you can make a lot of money trading unless you are very skilled at catching short-term price rotation with options. Overall, the next 48+ hours should be about observation - watching price attempt to stall, break away from this FLAG, and setting up for the bigger move near the 19th & 20th of September. I'm not telling you how or what to trade. I'm just saying I believe the next 48-72 hours will be very difficult for average traders. OK. Happy Monday. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldShort15:37by BradMatheny116
Fed rate cut sector watchHere's a Fed rate cut sector watch split view charts with TTCATR and FibTSI indicators. On Wednesday 9/18/24 at 2pm, the FOMC is forecast to cut the interest rate .25 from 5.5% down to 5.25%. The sectors that could benefit the most from a .25 rate cut are utilities, real estate and consumer discretionary. However, the market has, more or less, already priced in a fair bull run in XLU, XLRE & XLY since August. Overall, most sectors will benefit from a .25 rate cut. But the market could be very volatile this week. With bulls wanting .50 rate cut, then being disappointed with a sell off, then bears get offsides with a relief rally. I'm posting this as neither long or short because I think they'll be opportunities to trade in either direction this week. XLK Technology XLE Energy XLV Health Care XLF Financials XLB Materials XLY Consumer Discretionary XLU Utilities XLRE Real Estate Communication Services XLC, Consumer Staples XLP, Industrials XLI.by Options3601
EASY PLAYS $SPY 9/16- 9/20 - Very High chance that price will make it to ATH (All time Highs) Next week. Price action has been strong and bullish. - Remember, In order for a valid breakout to be confirmed we need a clear break and retest or a strong close above $565.16. - Price can also reject from all time highs which is also possible as we can see the buying volume has been dying down and we are falling into a divergence. - With these TWO scenarios given we must analyze price action and adapt to the markets as price goes. - To keep it simple Puts below $560.50 and calls above $565.26 WITH 1-2 CANDLE STICK CONFIRMATIONS ON AT LEAST 15m Longby Ubaidy1002
Top 5 Weekly Trade Ideas #4 | QQQ TriangleQQQ had a small rejection off of a descending trendline from ATH last week and closed slightly below. We also have an uptrend from early August to make up the bottom line of the triangle. I see this as more of a neutral pattern, but it is at the top end and threatening to breakout above for now. First upside target would be ATH and then it's a blue sky setup so we'd have to rely on things like the projected target using the distance from the bottom of the triangle to the top. You could also extend that target line all the way up to ATH for a bigger target, but I like using that swing low from August. Immediate downside target is the bottom of the triangle and the ascending trendline from late 2023. Final downside targets are the August/April low at 423.45 and around 385 based on the triangle projected target.by AdvancedPlays1
Hey SPY lovers, look at all that green! Do you believe me now?We are undoubtedly in a scenario where the price is showing a lot of strength. As we can see, the price previously attempted to break all-time highs but encountered an institutional liquidity block, trying twice and creating a double top before making a pullback for days ! This second attempt to break the all-time high will be very important because, after the pullback, we were able to forecast the limit where the price would bounce back. Just one candle with a lot of volume and buying pressure was enough to realize that the price would reverse at $544. If you've been following this analysis for weeks or months, you'll notice that everything is playing out according to our price action and institutional analysis. Now, we just need to wait for that ATH, and I think this time will be different, especially considering that we're in election months, and the current president's political party wants the economy to look strong before the elections. So, we can expect a bull run from now until November. Thank you for supporting my analysis, and if you've benefited from it and made profits, congratulations, I'm happy for you. Best regards.Longby RocketMike1111
$QQQ ShortNASDAQ:QQQ Looks like we wil make a wave c down. Now just finished the wave 2/5 to complete the wave C. Nice spot to short and tight stoploss. Lets see how it goes mamacitas.Shortby G1D3onn111
SPY The Final PushMarkets have been extremely volatile this summer with the anticipation of a rate cut swiftly approaching in September. Futures markets are currently predicting a 99% probability of a cut in September. Historically, markets do not tend to crash during election years, however the combination of rate cuts, global tensions, inflation, employment, and many more factors may change the outcome of what is to come. At the moment, the markets have made a large move to the downside into a previous support zone. Additionally, I am seeing absorption on the CVD, potentially suggestion weak hands are selling into the hands of the bigger players. There could be some room for the market to get a bounce here. We do have several gaps left behind us on the way up where major liquidity is sitting. An SFP swing failure pattern of the all time high, would be a critical area if we make it that far. A bounce here may provide us some temporary upside before the eventual selling of the news of rate cuts. I am looking to hedge myself against a larger drop going into September. Only time will tell, Good luck! Shortby afurs1Updated 223
SPY Under Pressure! SELL! My dear followers, I analysed this chart on SPY and concluded the following: The market is trading on 561.96 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 556.18 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals114
Tech Software Large BaseAMEX:IGV Tech-Software ETF been building this base since it toped early this year Feb 2024. Clear supply line around that $88 level but doing my stock work this weekend, many stocks look short term tired after last week strength.Longby TaPlot1
SPY BEARISH CORRECTION AHEAD|SHORT| ✅SPY went up sharply But a strong resistance level was hit at 565.19$ Thus I am expecting a pullback And a move down towards the target at 559.85$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx6
IWMRate sensitive IWM is preparing for a breakout.... I don't see the possibility of a downside with no catalyst.Longby traderx5002
Stock Market | TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisQQQ Forecast Sp500 ETF analysis Nvidia Stock NVDA Forecast Technical Analysis Apple Stock AAPL Forecast Technical Analysis Microsoft Stock MSFT Forecast Technical Analysis Google Stock GOOGL Forecast Technical Analysis Amazon Stock AMZN Forecast Technical Analysis Meta Forecast Technical Analysis Tesla Stock TSLA Forecast Technical AnalysisLong17:54by ArcadiaTrading112
Long coin and conlI am aggressively selling pivot point puts on CONL here. This demand zone is from a long time ago, coin and crypto is oversold on BTC that was just touching 60k. I believe we get a 50 basis point cut and the market rips, oil too, gold drops a bit. I would be very surprised if we dont test 28$ by the end of September. Longby Apollo_21mil0
GLD and Oxy inverseThis is why I am short GLD and long oil, a combo of oxy being undervalued, and crude being oversold. As the market absorbs this rate cut I expect pumps from oil and dumps from gold. Summary: Put spreads on Gld Call spreads on Oxyby Apollo_21mil0
GLD rejection soonGLD looks like it might reject this golden fib soon here on overheated price action. People have flocked to gold the last several months as recession fears grow. I believe the market is pricing in a 25 basis point rate cut, when we get 50, risk will increase and GLD will drop. I believe this will be a brief correction. -Price target 223-229$Shortby Apollo_21mil0
XIC LongSimple TSX tracking ETF trending up. Entry here as US is uncertain, US has been performing better but stalled. SL several weeks behind but will move to BE soon. Longby tradersteve22Updated 0
$SMH Wedging Here – It Can Break Either WayI have been long NASDAQ:SMH for months and have been up as much as 18%. I have given a lot of that back and am now watching this chart very closely. I did hang in for that 29% drop (shown on chart) and felt it was a shake-out. It started recovering nicely but dipped again. The only positive thing I can say about this chart is that it has managed to put in a higher low (but has it?). I am watching this wedging pattern and looking for it to break either way. My bias since I am long is to break up and out. But I am prepared for a breakdown as well. I have an alert on both the upper and lower trendlines. Should it break up, I will add to my position and should it breakdown I am ready to sell my position and consider shorting. All TBD. Thanks for checking it out. Comments always welcome. by jaxdog0
Ascending Triangle SPY 4 HRJust noticed this massive Ascending Triangle on SPY 4 HR. If this does decide to breakout, we will see SPY at new ATH within the next 6 weeks. Longby impossiblebull0
XLK Crossover IdeaAMEX:XLK Standard crossover idea: Buying at open so long as we open or push above yesterdays close. Looking at an Oct contract Oct18 215c for roughly 9.7 (I'll try to buy at the mid) Using the ATR of 5.7 - SL: 215.89 (just below YLOD and 100d SMA) TP1: 227.37 resistance TP2: 232.17 supply zone test TP3: 238.12 ATH's test Max Date: Market open of 9/25/24 **As always, if targets are not met by max date, I will exit full no matter the p/l. Also keep in mind that there are certainly more catalysts ahead next week with the rate decision.by D_RockefellerUpdated 0
Fed Rate Cut Analysis $Spy Stocks usually fall ~15% within 12 months following the 1st cut if there is a recession. If no recession, stocks rise by >10%. The volatility that dominated markets in the early part of the month sharply reversed in the past week, driven by growing expectations of interest rate cuts that have bolstered investor risk appetite. The latest batch of inflation statistics for August have given the green light for the Federal Reserve to proceed with an interest rate cut, which is highly likely to occur on Sept. 18. The remaining question concerns the size of the cut — whether it will be 25 basis points or 50 basis points — though market consensus and recent comments from Fed officials suggest the more conservative 25 basis points is the likely scenario. Some consolidation around the current levels could not be ruled out before the Fed’s interest-rate announcement, scheduled for Wednesday. While some call for broadening of the market rally, with tech stocks likely to add on to their gains, others draw cues from history, which shows that the market typically collapses after a rate cut. Regional manufacturing activity data could also impact the market direction of the day. Shortby willtradesdaily2
SLV Siver - Bullish Trend Shift Finally?Hello everyone! As always I hope you're all having a great start to your week. Update on Silver in 5 minutes or less: Pattern is very similar to BTC where we've been seeing a series of LOWER HIGHs followed by LOWER LOWs, however there's a possibility that we're seeing the beginning of a trend change. We're not out of the woods. We really need to take out the prior lower high that was followed by a lower low to increase confidence that silver is finally making a move back to ATH. That level is at $28.91. The critical support to keep is currently that pivot we saw on August 27th around $27.50. Nothing is guaranteed in the markets, but probability of the next move being ATH is a move above $28.91 (lets call it $29), and probability that we may be seeing a move back to make a new lower low would be a break of that $27.50 level on a weekly timeframe. Things look optimistic right now, but watch Gold and see what it does. There may be some rotation that has already start with SLV having a +10% week last week. Have a great day everyone and thanks for reading!Long04:51by bitdoctor0