Get started

ETF market

SpyI think we are at a pullback zone here.... Price is sitting outside bollingerband and More importantly price has now extended 2½% away from its 21ema. Last 4 times Spy has extended 2-3%, away from its 21ema price Usually pullsback to retest. Here's an example If price gaps up tomorrow 10/15 , then I would be weary of chasing or swing longs.. I'm looking for a pullback to 21 Ema or 574 which is prior bullflag breakout like so. Remember, be overbought is just a condition, you still need a catalyst for the dump or we could just correct "Sideways" which means chop until moving average catch up. If we pop tomorrow, look for the sell to start Either from Asml earnings or TSM which means the correction will be tech lead. If price bounces at 573 then The marathon will continue into big tech earnings next week. Qqq Not as overbought as Spy or dow jones but it did stop at this trendline resistance, and 498 gap close. Like I said , either ASML or TSM I think will crap the bed. I do think tech and QQQ have chance to make a new high but I think it will come either next week or last week of Oct. So to sum things up and keep it simple, Spy pullback to 573-575 and if that holds 600 is next up.. 10year or TVC:TNX Closed Thursday at a brickwall (200sma,trendline) . Usually when 10 year rallies markets pullback. I've been watching this resistance here, any major gap and I expect blood
AMEX:SPYShort
by ContraryTrader
2
SPY/QQQ Plan Your Trade 10-14 EOD Update - Rally Rally RallyWhat a great day for my followers! I created my Roadmap for all of you, and the markets have started this week doing exactly what I expected regarding the SPY/QQQ and Gold/Silver. Next, we should see the rally continue in the SPY/QQQ, and Gold/Silver are moving into an Apex Breakaway setup, which could be very explosive to the upside. Remember, what I do behind the scenes to prepare and understand market conditions is much deeper than what you see in these videos. Every weekend (and most days), I spend quite a bit of time trying to understand what is really taking place beneath the price charts. That is where I gain a deeper understanding of what to expect and how prices will react to changing market dynamics. So, if you like what you see in my Plan Your Trade videos - remember there is much more to do this efficiently than what I'm showing you in these Videos. Also, remember, a Win is a Win. Book it and call it good. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
5
Opening (IRA): TQQQ Oct 18th 59 Monied Covered Call... for a 56.10 debit. Comments: This isn't at a lower strike than what I currently have on, but I'm (somewhat) fine with it, since I'm still below what I have in mind to be maximally deployed in this instrument. Selling the -75 delta call against stock 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: 56.10 Max Profit: 2.90 ROC at Max: 5.17% 50% Max: 1.45 ROC at 50% Max: 2.58% Will generally look to take profit at 50% max, roll out in-profit short call for duration and credit.
NASDAQ:TQQQLong
by NaughtyPines
Weekly GEX of QQQ | Option Chain AnalysisI’d like to share my thoughts below after analyzing the QQQ option chain. In this analysis, I focus exclusively on the weekly time range, examining the QQQ option chain and the changes in top-tier options metrics. 🟨 Decline in Put Pricing Skew and Increase in IVx The decline in put pricing skew on Options Oscillator suggests that put options are becoming relatively cheaper , signaling a shift in market participants' expectations. This indicates increased call buying and put writing activity in the options chain . Along with the decrease in implied volatility (IV), this often points to a lower demand for downside protection strategies, which could be interpreted as a bullish sentiment. Currently, the QQQ’s IVRank stands at 31.5, reflecting a moderate volatility environment. However, with an average IVx of 19.2, trading volumes could increase, and interest in volatility-based strategies may rise further. 🔶 Backwardation in 4-7 DTE and Time Spreads Backwardation in the 4-7 DTE (days to expiration) period can be ideal for time spread (calendar, diagonal) option traders , as near-term options show higher volatility than longer-term ones. This creates a favorable environment for time spread strategies, especially if this backwardation persists. 🟨 Gamma Levels and Open Interest-Based Levels Call high OI gamma walls (or call resistance levels) typically act as resistance points. However, once these levels are broken, the bullish movement can accelerate due to positive gamma exposure. Put gamma walls (or put support levels), on the other hand, act as support. If broken, downward moves can intensify due to the high negative gamma exposure. While the current largest gamma wall was for today at 495, the upcoming expiration on 10/14 could shift this level to 500, where the greatest gamma exposure will likely be after the Monday expiration (due to the large amount of open interest expiring at 495). If the price breaks above this level, it could further bolster bullish prospects to 505 (last ATH). Additionally, the 500 strike plays a critical role as a major level in the Options Grid System, representing the 8/8 level. 🟨 OTM 16 delta probability cloud in Options Overlay The blue Delta Curves on the Options Overlay show the 16-delta levels, helping traders identify potential price ranges. According to current data, on the call side, the 505 strike is still within the 16-delta range, reinforcing its bullish potential. This represents the 68% probability range defined by OTM 16 delta PUTs and OTM 16 delta CALLs, showing a clear directional expected move value. It provides an insightful view of the expected price movement’s directional range, often used by delta-neutral strangle traders like those at TastyTrade. 🟨 Time Spread Strategies The aforementioned backwardation and gamma wall situation may present an advantage for time spread traders. Backwardation between 4-7 DTE provides an optimal window for those favoring time spreads, as the higher short-term volatility offers better premiums. 🟨 TanukiTrade Options Oscillator values The TanukiTrade Options Oscillator indicates that the combination of declining put skew and decreasing IV suggests potential volatility growth on the bullish side of the market. This could be a valuable signal for both long and time spread strategies. ⅀ QQQ Summary The decline in put skew and increase in IVx imply that market participants are anticipating an increase in bullish volatility. Backwardation between 4-7DTE supports time spread strategies, while the call gamma wall at 500—and soon 505—is likely to serve as significant resistance/target. (NOTE: GEX levels is not part of the TanukiTrade Options Overlay indicator yet. The automatic GEX levels will be available soon, by the end of October!)
NASDAQ:QQQLong
by TanukiTrade
4
QQQ: A Rally Towards the ATH!Daily Chart (Left): Resistance at $503.52: The price is approaching a key resistance zone around $503.52, the ATH, which may serve as a potential reversal area. A breakout above this could signal more bullish momentum. Support at $493.15: There is immediate support at $493.15, where price action has consolidated briefly. This level might act as a pivot zone, where buyers could step in if there’s a pullback. Momentum: The price is above the 21-day EMA, which is rising, indicating the trend is currently bullish. Buyers seem to be in control, and the price action has been making higher highs and higher lows. Weekly Chart (Right): Ascending Channel: The price has been trending upward within a well-defined ascending channel. The mid-point of this channel, around $493, has acted as resistance in recent weeks. Next Resistance: The upper boundary of the channel, which is above the resistance at $503.52, could offer significant resistance. This suggests that QQQ could renew its ATH if this bullish momentum persists. Overall Trend: The weekly trend remains strong, with the 21-week EMA providing dynamic support, reinforcing the overall bullish bias. Conclusion: The price is currently bullish but nearing key resistance at $503.52. Traders should be cautious around this level for potential profit-taking or reversal signals. If the price manages to break above $503.52, the next leg up in the bullish trend could begin. Conversely, if the QQQ loses the $493 support, it could materialize a sharper correction to the 21-day EMA, or even to tthe $477 in the mid-term. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
1
Opening (IRA): TAN Dec 20th 34 Covered Call... for a 32.69 debit. Comments: High IVR/IV at 115.8/57.1. Adding a rung out in December to my position at a break even better than what I currently have on. (See Post Below). Selling the -75 delta call against stock to emulate a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 32.69 Max Profit: 1.31 ROC at Max: 4.01% 50% Max: .66 ROC at 50% Max: 2.00% Will generally look to take profit at 50% max.
AMEX:TANLong
by NaughtyPines
Rising WedgeWith the upcoming election, geopolitical tensions, and economic uncertainty, could the current bullish trend turn into something more alarming, like a black swan event? While the chart shows strong bullish momentum, I'm noticing a rising wedge pattern, and the 572 level is critical. If that doesn't hold, the 566 level should act as strong support. However, if that support fails, we could see a significant pullback. This could happen soon or possibly after the election, as there's a lot of bearish sentiment and short positions in the market.
AMEX:SPYShort
by JerryDaniel
1
SPY/QQQ Plan Your Trade For 10-14 : GapUp-Lower In Counter TrendGood morning, This video highlights what I expect to happen in the SPY/QQQ, Gold/Silver, and Bitcoin over the next 5 to 7+ days. Remember, I'm using my proprietary modeling systems, SPY/Gold Cycle Patterns, and other research to share a roadmap of expected price action 5- 7+ days into the future. I don't know anyone else who can do this research accurately and provide such clear trade/entry/exit signals. This week should be exciting as we'll see multiple opportunities in the SPY/QQQ and Gold/Silver. Bitcoin is nearing a Phase #4 (consolidation) trigger near recent highs. At this point, traders need to wait for a breakout of the recent range before getting more aggressive with BTCUSD. Let's get some this week. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
IWM at Crossroads: Russell 2000 ETF Challenges Key Resistance 1. Overall Trend: The chart shows a generally sideways to slightly bullish movement over the past several months. 2. Resistance Level: The dashed yellow line at approximately $224.75 represents a significant resistance level. The price has tested this level multiple times since July without breaking through convincingly. 3. Linear Regression Channel: The colored area (blue) represents a linear regression channel. This suggests: - The overall trend is slightly upward - Price is currently near the upper boundary of the channel, indicating potential overbought conditions 4. Recent Price Action: - The price has been consolidating in a tighter range near the resistance level over the past few weeks - The most recent candles show bullish momentum, with the price closing near the highs 5. Potential Breakout: The price is currently challenging the resistance level again. A decisive break above $224.75 could signal a bullish breakout and potential for further upside. 6. Support Levels: The bottom of the regression channel provides dynamic support, currently around $217-$218. 7. Seasonal Considerations: October-December is often a strong period for small caps, which could support a bullish case. Insight: - The repeated tests of resistance without significant selloffs suggest underlying strength - The tightening consolidation near resistance often precedes a significant move - Traders might consider bullish positions on a confirmed breakout above $224.75, with stops below the channel support - Alternatively, a failure to break resistance could lead to a move back toward the channel's lower boundary
AMEX:IWMLong
by mbhullar