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SPY/QQQ Plan Your Trade For 2-7-25: Carryover PatternAs many of you know, I'm still expecting a breakdown in the markets leading to my Deep-V pattern on the 9th and the secondary Major Bottom on the 10th. Why haven't we started to move downward yet? I really don't know. I suspect the markets are being pushed higher by Market Makers trying to crush the shorts (premium). Either way, we'll know how this is going to play out over the next 5+ days. If I'm right, we'll see the SPY break downward towards 580-590 over the next 5+ days. The QQQ should move down 510-515 throughout that same breakdown (possibly a bit lower). I expect Gold and Silver to also move downward if this breakdown in the SPY/QQQ happens as I expect. Metals tend to move downward when the SPY/QQQ makes a sudden impulsive breakdown move. Bitcoin also appears to be poised for a breakdown event. It seems that all the indexes and symbols I follow in the morning video are already standing near the edge of a cliff, just waiting to jump off. I urge traders to move into a protective mode (protecting open longs and hedging against any breakdown event) over the next 5-10+ days. We'll eventually see another bounce/rally off some lows, but right now, everything looks ready to JUMP (off the cliff). Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
10
AI vs. Software: Is Software Ready to Reclaim Tech Leadership?Introduction: The rapid advancements in artificial intelligence (AI)—especially with China’s DeepSeek—are reshaping the tech investment landscape. However, with all the focus on AI, could traditional software stocks be staging a comeback? To answer this, we’re analyzing the Software CBOE:IGV vs. Technology AMEX:XLK ratio, a key indicator of relative strength within the tech sector. Analysis: Investment Flow Shift: Over the past few years, capital has largely rotated away from traditional software and into AI-driven sectors. Bottoming Formation: The IGV-to-XLK ratio appears to have bottomed in June 2024, followed by a steady uptrend. Breakout Watch: After a strong move in November, the ratio formed a higher low, a constructive sign of strength. Now, it is attempting to break out from a broadening bottom pattern—a significant technical development. Potential Leadership Change: If this breakout holds and continues higher, software stocks could regain leadership within the tech sector, signaling a shift in investor sentiment. What to Watch: Bullish Confirmation: A sustained breakout above resistance would suggest software is regaining dominance within tech. Bearish Rejection: If the breakout fails, AI-driven themes may continue to overshadow traditional software. Conclusion: The software sector appears to be making a strong case for resurgence within tech, especially if this breakout holds. A decisive move higher could mark a major sector rotation back into software stocks, challenging AI’s recent dominance. Will software reclaim its throne, or will AI continue to steal the spotlight? Let’s discuss in the comments! Tags: #Software #Technology #IGV #XLK #AI #SectorRotation #TechLeadership #MarketTrends
CBOE:IGV
by Richtv_official
Elliott Wave View: SPY Looking to Resume HigherShort Term Elliott Wave View in SPDR S&P 500 ETF (SPY) suggests pullback to 575.04 ended wave ((4)). The ETF has resumed higher in wave ((5)) with internal subdivision as 5 waves impulse. Up from wave ((4)), wave ((i)) ended at 585.99 and dips in wave ((ii)) ended at 578.35. From there, wave (i) ended at 583.81 and wave (ii) ended at 578.90. Wave (iii) higher ended at 595.56 and pullback in wave (iv) ended at 590.35. Final wave (v) ended at 607.7 which completed wave ((iii)). Pullback in wave ((iv)) ended at 604.67 and wave ((v)) higher ended at 610.78. This completed wave 1 in higher degree. The ETF then pullback in wave 2 with internal subdivision as a zigzag Elliott Wave structure. Down from wave 1, wave ((b)) ended at 609.96 as a double three Elliott Wave structure. Up from wave ((a)), wave (w) ended at 605.96 and wave (x) ended at 599.22. Wave (y) higher ended at 609.96 which completed wave ((b)) in higher degree. The ETF turned lower in wave ((c)) towards 589.5 which completed wave 2 in higher degree. It has turned higher in wave 3. Near term, as far as pivot at 575.04 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
AMEX:SPY
by Elliottwave-Forecast
1
SPY Analysis for February 7thTechnical Overview: 1. Price Action: SPY has been consolidating near the $605 zone, with a slight bullish bias as it approaches key resistance levels. 2. Support Zones: * $600 (psychological level and prior support). * $595 (secondary support, aligned with PUT Support). 3. Resistance Levels: * $610 (previous high and close to the second CALL Wall). * $620 (highest positive NETGEX / Gamma Wall, strong resistance). Indicator Insights: * MACD: Slight bullish crossover but showing limited momentum. * Stoch RSI: Climbing but nearing overbought territory, indicating potential pullback. * Volume: Gradually increasing during the last sessions, suggesting accumulation. GEX Analysis: * Puts: 68.4% dominance, highlighting significant bearish sentiment. * Calls: Reduced exposure; however, strong Gamma Wall at $620 indicates upside cap. * Key Observations: * The proximity to PUT Support around $595 indicates strong defensive positions from bears. * A breakout above $610 could trigger rapid movement toward $615–$620 due to lighter gamma resistance in this range. Trade Suggestions: * Bullish Scenario: * Entry: Above $610 with volume confirmation. * Target: $615–$620. * Stop Loss: Below $600. * Bearish Scenario: * Entry: Below $600, aiming for $595 or lower. * Target: $590. * Stop Loss: Above $605. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your due diligence and manage risk accordingly before making trading decisions. Market conditions can change rapidly, so monitor updates and real-time data during the session.
AMEX:SPY
by BullBearInsights
$MAGS Monthly Chart Signals Caution: What’s Next for the MagnifiMacro Outlook Based on the Monthly Chart ⚠️⚠️⚠️⚠️ The Roundhill Magnificent Seven ETF CBOE:MAGS has had an incredible run, but the monthly chart is sending some cautionary signals. December closed with a massive sell-off wick, followed by a weak January close. This kind of price action suggests potential exhaustion in the near term. The last time we saw a similar setup was in July, when a sharp sell-off wick led to a 23% drop before the market resumed its upward trend. Does this mean CBOE:MAGS has to plummet again? Not necessarily, but with market uncertainty around the tariff war and the monthly chart showing signs of stagnation, a steeper retrace could be on the horizon before any further upside. It’s possible we’re seeing a temporary top for now. Short-Term Outlook: As long as price holds above the yearly open, I expect a retest of the $57 resistance level. However, for the macro trend to turn bullish again, we’d need to see strong momentum and a solid close above $57 by flipping this level from resistance to support. Until then, the current price action feels more like a dead cat bounce than a sustainable recovery. Expecting volatility in the near term.
CBOE:MAGS
by ZelfTrade
Opening (IRA): TNA March 21st 40 Covered Call... for a 38.17 debit. Comments: High IV; starter position. Going out to the 56 DTE March monthly for my starter position, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 38.17/share Max Profit: 1.83 ROC at Max: 4.79% 50% Max: .92 ROC at 50% Max: 2.40% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes better than what I currently have on, and/or roll out the short call if the take profit has not been hit.
AMEX:TNALong
by NaughtyPines
Short Squeeze PLTR....fake fake fake. It WILL tank soonDon't let this classic short squeeze fool you. Everybody knows, incl PLTR's management that they company is not worth this much. Looks like some people got squeezed out as they close their short positions. It's ok, weak hands don't survive long. Stay focused on this opportunity and leverage PLTD (inverse). If you follow the crowd you'll always lose out on above avg returns! All the best and always do your own due diligence!
NASDAQ:PTIRShort
by antonini2002
Opening (IRA): SMH February 21st 195/220/270/295 Iron Condor... for a 3.91 credit. Comments: Back into the semiconductor ETF, where I don't have a position on currently. Going comparatively low delta, with the short options camped out at the 17 delta on both sides and the wings about 1/10th the price of the underlying in width. Metrics: Max Profit: 3.91 Buying Power Effect: 21.09 ROC at Max: 18.54% 50% Max: 1.96 ROC at 50% Max: 9.27% Will generally look to take profit at 50% max, roll untested side in toward current price on side test.
NASDAQ:SMH
by NaughtyPines
Opening (IRA): EWW March 21st 46 Covered Call... for a 45.00 debit. Comments: Taking a small (ish) directional shot in the Mexico exchange-traded fund, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 45.00/share Max Profit: 1.00 ROC at Max: 2.22% 50% Max: .50 ROC at 50% Max: 1.11% Will generally look to take profit at 50% max, add at intervals, and/or roll out the short call if my take profit isn't hit.
AMEX:EWWLong
by NaughtyPines
750 dolla spy.gm, wanted to share my outlook on the stock market today. --- fear is accelerating. uncertainty is going parabolic in a way we haven’t seen since the covid crash. people are running. insiders are exiting. the herd is collectively turning bearish. but i’m bullish. --- here’s exactly why: -quantitative easing is coming back. -rate cuts are on the horizon. -the us dollar is depreciating. -economic expansion is inevitable. -the artificial intelligence boom is just getting started. --- while most people fumble their bag up here, drowning in fear, we look for significantly higher prices into 2026. --- ps. i left out upside targets and timeframes because none of that matters at the moment. only the structure does. if you like the structure, use it. don't give me any credit. i don’t need it. if you make a dolla this next year, donate a tenth of it to someone who needs it more than you. the universe will handle the rest. 🌙
AMEX:SPY
by notoriousbids
Opening (IRA): TQQQ March 21st 72 Covered Call... for a 68.95 debit. Comments: Starter position on weakness. Selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 68.95 Max Profit: 3.05 ROC at Max: 4.42% 50% Max: 1.53 ROC at 50% Max: 2.21% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens that what I have on at the time, and/or roll out short call if my take profit is not hit.
NASDAQ:TQQQLong
by NaughtyPines