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SPY to $650 in January?SPY recently retraced to the bottom of our Magic Linear Regression Channel with a large 3%+ move. Today, there was a nice bounce bounce from the channel bottom, back up to yesterday's open. So, what's next for SPY. The Magic Linear Regression Channel shows upside potential to it's baseline back at its recent all-time highs, and the potential for a higher move to the $630-$650 range. However, there is also the potential for it to fall back through the channel. Since we've been in a bull market for awhile now, that channel break would have to happen more definitively in order for that to be a likely scenario. We've recently introduced the Magic Candles PRO indicator, which shows high volume candles that have very little price movement. When paired with the Magic Linear Regression Channel on a 1 day chart, it tends to show reversals at key levels on the Magic Linear Regression Channel. However, because we had a large move down on Weds, Dec. 17th 2024, and a large move up on Friday, Dec. 20th 2024 and ended up at the open of Thurs., Dec. 18th 2024, we get a doji on the 2 day chart that shows a massive "volume hammer" signal not seen since 2019, 5 years ago. This signals that we are on the verge of a large sustained move. Again, because we've been in a bull market, and there aren't any very strong signs that it is over, we suspect that the large sustained move will be to the upside, because of the signal. If the price breaks down out of the channel, then we'll be in for a nice downward ride. Until that happens, though, we're bullish as we approach the all-time high again, and all the way to the $630-$650 range.
AMEX:SPYLong
by mwrightinc
2
QQQ: Annual outlookHey Friends, Here is the annual outlook for QQQ! Annual Levels: Ref: 550.31 (Reference Target) High 1: 575 High 2: 622.009 High 3: 668.81 Range Ceiling: 725 Low 1: 462.92 Low 2: 420.57 Low 3: 374.57 Range Floor: 322 ARIMA Forecast Point Forecast at Day 252: 532.2314 80% Upper Confidence Level at Day 252: 707.6069 95% Upper Confidence Level at Day 252: 800.4451 80% Lower Confidence Level at Day 252: 356.8559 95% Lower Confidence Level at Day 252: 264.0177
NASDAQ:QQQ
by Steversteves
5
Nasdaq (QQQ): Ready to Go Higher; Buy Signal Alert 💡 Setup Overview: This bullish setup is perfect for those who love buying dips. The green box highlights an ideal entry zone supported by Fibonacci retracement levels. 🔍 Key Levels to Watch: Entry Zone: $489.88 - $501.27 Stop-Loss: $488.67 Targets: First Target: $526.47 Second Target: $551.80 📊 Strategy: The focus remains on buying dips for indices like SPY and QQQ, avoiding shorting positions. This plan leverages Elliott Wave patterns and Fibonacci extensions for precise entry points. 🕒 Expected Timeline: Medium-term hold.
NASDAQ:QQQLong
by MrStockWhale
S&P 500 (SPY) - Buy Alert; Buy in the Green Box💡 Setup Overview: We're eyeing a bullish opportunity for SPY. The suggested buy zone lies within the green box area on the chart. This aligns with the 1.382 and 1.618 Fibonacci levels, providing a strong probability for price action reversal. 🔍 Key Levels to Watch: Entry Zone: $563 - $573 Stop-Loss: $556.50 Targets: First Target: $602.30 Second Target: $624.29 📊 Strategy: The plan focuses on buying dips, with no intention to short the S&P 500. This setup leverages Elliott Wave analysis and Fibonacci extensions for precision trading. Keep an eye out for validation at the support zone before entry. 🕒 Expected Timeline: Medium-term hold.
AMEX:SPYLong
by MrStockWhale
SPY Technical Analysis for Jan. 2, 20251-Hour Chart Trading Analysis: Current Observations: * Trend: SPY is trading within a descending wedge pattern, suggesting a potential breakout soon. * Volume: Slight increase on the recent candles, indicating growing interest. * Indicators: * MACD: Starting to show signs of bullish divergence, with the histogram nearing the zero line. * Stochastic RSI: Moving upward from oversold territory, which is a positive signal for potential buying. Trading Strategy: * Bullish Scenario: * Entry: Wait for a breakout above $588.60 with strong bullish momentum and increased volume. * Stop Loss: Set below $577.24, the recent swing low. * Target: First target at $595, with an extended target of $600. * Bearish Scenario: * Entry: If the price breaks below $577 with strong volume, enter a short position. * Stop Loss: Place above $588. * Target: First target at $570, with an extended target of $560. Daily Chart GEX Analysis: Key Levels from GEX: * HVL: $584.41 acts as a strong Gamma Wall, suggesting a potential reversal area. * Call Resistance: Significant resistance at $595 and $600 levels. * Put Support: Strong support at $577 and $560. Options Strategy: * Bullish Play: * Call Option: Buy calls with a strike at $590, expiring in 2 weeks, targeting $600. * Suggested Position Size: Moderate, as IV is relatively low. * Bearish Play: * Put Option: Buy puts with a strike at $575, targeting $565. * Suggested Position Size: Moderate, as IV is stable. Summary and Recommendations: * Trading: Monitor for a breakout above or below the wedge. Ensure confirmation via volume and indicators. * Options: Align with the trading direction, and choose strikes close to GEX levels for maximum leverage. * Caution: The GEX data suggests strong resistance at $595-$600 and solid support at $577-$560, making those levels critical decision points. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk effectively before making any trades.
AMEX:SPY
by BullBearInsights
4
QQQ Technical Analysis (1-Hour Chart). Jan 2, 2025Price Action * QQQ is trading in a descending channel, showing a clear downtrend over the short term. * The price has tested the upper trendline resistance and failed to break above, confirming continued bearish pressure. * The price is now near the middle of the channel, consolidating with slightly declining volume. Indicators * MACD: Bearish momentum persists as the histogram shows red bars and the MACD line remains below the signal line. * Stochastic RSI: The indicator is nearing oversold territory, which may indicate a potential bounce or consolidation before continuing the trend. Key Levels * Resistance: $517 (upper channel resistance) and $514 (HVL resistance as per Options GEX). * Support: $505 (lower channel boundary and put wall support from GEX data). Trading Plan 1. For Longs: * Wait for the price to break above $514 with strong volume and confirmation from MACD (crossover) and Stochastic RSI moving out of oversold. * Entry: Above $514. * Stop Loss: Below $505. * Target: $522 (near next resistance level). 2. For Shorts: * Enter if the price rejects at $514 or breaks below $505 with strong bearish momentum. * Entry: Below $505. * Stop Loss: Above $514. * Target: $500 or lower channel boundary. QQQ Options GEX Analysis (Daily Chart) Gamma Exposure Levels * Call Wall Resistance: $517 and $522, indicating strong resistance levels where call activity is concentrated. * Put Wall Support: $505, marking a significant area of support from high put open interest. * HVL at $514 is a critical pivot point that aligns with both GEX and price action resistance. Volatility Insights * IV Rank (IVR): 17.8, indicating relatively low implied volatility compared to historical levels. Options premiums may be cheaper for strategies like long calls or long puts. Options Strategy 1. Bullish Strategy (If QQQ breaks above $514): * Buy the $520 Call (weekly expiry) to capitalize on momentum toward $522–$525. * Stop Loss: Close the position if QQQ falls below $514. * Profit Target: Exit at $522 or $525. 2. Bearish Strategy (If QQQ breaks below $505): * Buy the $500 Put (weekly expiry) to benefit from a drop toward $500 or lower. * Stop Loss: Exit if QQQ reclaims $505. * Profit Target: $500 or lower. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence and manage risk appropriately when trading stocks or options.
NASDAQ:QQQ
by BullBearInsights
1
The Wind Surfer Universe Trading SystemThis shows a Stock Chart Universe - In Formation is where the following are all above each other..... We want to catch the Windsurfer at the point of take off from the Aqua Blue Water into the Blue Sky and follow it up into space and Sell most the Long Position when the Windsurfer is pushed down by Gravity in space, and goes back toward Earth/Water basically.... Purple Haze , Stars in Space Blue Sky Aqua Blue Water Black Muddy River Lava Red Magna The Price is the Windsurfer - the Slope of the Water, (Ocean, River) and the Wind, Gravity, and Buoyancy all are Indicators and factors, that help decide where the next move will be, and where we are currently.
NASDAQ:TSLL
by jimmythek14
TLT: Potential Reversal After Completing ABC Correction [LONG]NASDAQ:TLT Observation: The iShares 20+ Year Treasury Bond ETF (TLT) appears to have completed its C-wave of an ABC Elliott Wave correction. Prices have shown signs of consolidation around the critical support zone at $87.50, suggesting the possibility of a double-bottom formation. Support Zone: TLT is consolidating near the $87.50 level, which has historically acted as strong support. Elliott Wave Structure: The recent price action indicates the completion of a corrective ABC structure, with the C-wave potentially marking the final low. Bullish Outlook: If the support holds, the ETF is likely to resume upward momentum, targeting the $94.00 level as the next key resistance. Double-Bottom Potential: Retesting the support zone could further validate a double-bottom reversal pattern. Risk Management: Set stops below $85.14 to minimize downside risk. Monitor overall market sentiment and bond yield movements, which can heavily influence TLT's price action. Disclaimer: This analysis is for informational and educational purposes only and should not be considered as financial advice. Trading and investing involve significant risks, and you should consult with a qualified financial advisor or conduct your own research before making any investment decisions. The author is not responsible for any financial losses or decisions made based on this analysis. Always trade responsibly and within your own risk tolerance.
NASDAQ:TLTLong
by Whisperwave
2
QQQ Fib Levels - just touched 2.0I used to be a big advocate for Fib levels, but I feel like the lead me astray more times than helped, but none the less here is a high-level look with my estimate of fib levels. If I did it correctly, QQQ just touched off the 2.0 level. This could explain the weakness we saw this holiday season instead of the normal "Santa Claus Rally". Will we get a sizeable correction in 2025? Don't know, but there is clear weakness with some form of pullback coming. Just short term or something bigger, hard to know yet. I'm in the camp of a pump and dump on the Trump administration. How does it go, buy the rumor, sell the news. Feels like it to me. Happy New Year!
NASDAQ:QQQ
by Dr_Roboto
IBITUSDT Analysis: Red Box Breakout PotentialIn IBITUSDT, the red box signifies a critical resistance zone. If price breaks and retests this level, it may present a long entry opportunity . That said, my overall expectation is for the correction to deepen further before significant upward movement. Key Points: Red Box Resistance: Monitor for a breakout and retest to confirm a potential long setup. Deeper Correction Likely: Current market conditions suggest the correction could continue before recovery. Confirmation Indicators: I will utilize CDV, liquidity heatmaps, volume profiles, volume footprints, and upward market structure breaks in lower time frames to validate entries. Learn With Me: If you want to understand how to leverage CDV, liquidity heatmaps, volume profiles, and volume footprints for accurate market analysis, feel free to DM me. Reminder: Always manage your risk and look for confirmation before taking any trades. If this analysis helps you, please don’t forget to boost and comment. Your support inspires me to share more valuable insights! If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you! I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total 🌟 FORTHUSDT: Sniper Entry +%26 Reaction 🐳 QKCUSDT: Sniper Entry +%57 Reaction 📊 BTC.D: Retest of Key Area Highly Likely I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
NASDAQ:IBITLong
by XU99
S&P 500 ETF Trust (SPY): Correction will occur in 2025📊 Chart Overview: This analysis highlights the SPDR S&P 500 ETF Trust (SPY) from an Elliott Wave perspective. It identifies key trends, corrective patterns, and long-term opportunities for investors. The broader market remains structurally bullish, with corrective dips likely providing accumulation opportunities. Elliott Wave Breakdown Wave Count: - The SPY is in a long-term bullish sequence, completing Wave (I) around $610.85. - The recent structure shows signs of a developing Wave II correction before the next impulsive move higher. Wave II Correction: - Wave II is expected to form an ABC corrective pattern, targeting deeper retracements within 2025. - Wave A is projected to pull back into the $520–$540 range. - Wave C could test lower supports near $480–$500, completing the corrective phase. Invalidation Level: - The invalidation level for the bullish count is $347.26. Any movement below this level negates the current wave structure. Market Outlook Macro Environment: - Economic conditions, including interest rates and inflation trends, will heavily influence SPY's price action. - Anticipate increased market volatility during Wave II but retain a bullish outlook for the long term. Sector Implications: - SPY's diversified exposure suggests broad market recovery after corrective dips, particularly in tech and industrials. Key Takeaways - SPY remains in a right-side bullish structure, with short-term corrections likely providing excellent entry points. - Long-term investors should focus on accumulating positions during corrective phases, while swing traders can capitalize on price volatility. 💡 Reminder: Corrections are natural and necessary for healthy market growth. Stick to your plan and "buy the dips." 🚀
AMEX:SPYLong
by MrStockWhale
Invesco QQQ Trust (QQQ): Long-Term Elliott Wave Analysis📊 Chart Context: This analysis outlines the long-term Elliott Wave perspective for the Invesco QQQ Trust (QQQ), a tech-heavy ETF tracking the Nasdaq 100 Index. The current structure highlights a bullish trajectory with anticipated corrections before the next impulsive leg. Elliott Wave Breakdown Macro Structure: - QQQ is in a right-side bullish structure, showing impulsive waves consistent with a long-term uptrend. - Wave (III) was completed around 2021, followed by a multi-phase correction that formed Wave (IV). Current Progression: - Wave (V) reached a peak near $511.23, completing the first subwave of the larger bullish cycle. - A corrective Wave II is anticipated, forming an ABC pattern, targeting deeper retracements. Wave II Projection: - Wave A may find initial support in the $460–$480 range. - Wave B is expected to rebound before Wave C completes the correction near $420–$440. Invalidation Level: - The invalidation level for the bullish structure stands at $254.38. A break below this would negate the current wave count. Key Levels to Watch Support Zones: - $480: First key support during Wave II correction. - $420–$440: Deeper support for Wave C completion. Resistance Zones: - $560: Immediate resistance zone, marking the next potential peak for Wave III after correction. For Long-Term Investors: - Accumulation Zone: Between $420–$480 during the Wave II correction phase. - QQQ presents a strong case for holding and adding positions as the broader bullish structure remains intact. Fundamental Catalysts Macro Environment: - QQQ remains sensitive to Federal Reserve policies, especially interest rates, which heavily influence tech valuations. - Economic growth in the tech sector will likely sustain the bullish narrative. Tech Sector Growth: - Continued advancements in AI, cloud computing, and other disruptive technologies will bolster the underlying Nasdaq 100 companies. Conclusion The QQQ chart aligns with a strong bullish Elliott Wave framework, with short-term corrections providing opportunities for strategic entries. The long-term trajectory suggests higher highs in the next wave cycle, targeting levels beyond $580. 💬 Drop your thoughts below! Are you holding QQQ for the long run, or trading the upcoming correction? 📈
NASDAQ:QQQLong
by MrStockWhale