IWM BREAKOUTIWM heading to $224, basically a certainty. aiming for options exp around nov 4 monday open, will sell majority there and rise the rest as a bonus. NOT FINANCIAL ADVISE.Longby SPYDERMARKET0
SPY Technical Analysis Tomorrow ( 10/14/2024)1. Trend & Price Action: Uptrend Line: SPY is riding an ascending trendline. The price has pulled back slightly but remains close to the trendline, suggesting buyers are still defending this upward momentum. Support Zone: The green zone (around 576.13 – 577.59) is a key support area. If this support holds, there is a possibility for a continuation toward 580.33 (the recent high). Resistance Level: Immediate resistance is around 578.54 – 580.33. If SPY can break this level, it could attract more buyers for another leg up. 2. Volume: There are increased volume spikes on recent sessions, especially near support zones. This indicates heightened activity at these levels, either from buying interest or short covering. 3. MACD: The MACD is slightly bearish, with the MACD line below the signal line. This indicates some short-term weakness, suggesting caution with long entries until momentum improves. 4. Key Levels to Watch for Tomorrow: Support: 577.59, 576.13 If SPY falls below these levels, it may test 570 or even 565.31 (highlighted in red on your chart as a significant level). Resistance: 578.54, 580.33 A breakout above 580.33 could trigger buying momentum toward 585. Potential Trading Plan: Bullish Scenario: If SPY bounces off 576.13 and breaks above 578.54 with volume, consider long entries targeting 580.33 or higher. Bearish Scenario: If SPY breaks below 576.13, look for short setups targeting 570 or even 565.31. Disclaimer: This analysis is based on technical indicators and is for educational purposes only. Markets carry risks, and it is essential to conduct your own research and manage your risk accordingly. Always use stop losses and never trade with more than you can afford to lose.by BullBear-Insights1
Technical Analysis for QQQ (October 16, 2024)1. Trend and Channel QQQ is currently moving within an ascending channel. The recent price action suggests consolidation near the upper trendline, indicating the potential for either a breakout or pullback. 2. Key Levels to Watch Resistance Level: 494.47 A breakout above this level, with strong volume, could lead to further upside toward 498 or higher. Support Levels: 491.70 (near-term support). 490.17 (key level to hold). If price breaks below this, the next likely support zone is 479.90 - 477.40. 3. Volume and Momentum Analysis Volume: The current volume looks moderate, suggesting indecision in the market. Watch for a surge in volume on a breakout or breakdown for confirmation. MACD: Momentum appears neutral, as the indicator lines hover near the zero level. A crossover of the oscillator lines could indicate a shift in momentum—upward for bullish momentum or downward if bearish. 4. Trading Plan for Tomorrow Bullish Setup: If QQQ breaks above 494.47 with increased volume, consider entering a long position with a target near 498 (upper trendline). Use 491.70 as a trailing stop to secure profits. Bearish Setup: If QQQ drops below 490.17, it may indicate more selling pressure. Consider a short position targeting 479.90 - 477.40, with a stop above 491.70. Disclaimer This technical analysis is provided for informational purposes only and should not be considered as financial advice. Trading involves substantial risk and is not suitable for every investor. Past performance does not guarantee future results. Always conduct your own research and consult with a licensed financial professional before making any investment decisions.by BullBear-Insights3
Top Pick of the Week - Home Building Fund (ITB)For busy investors that don't have time to Swing Trade, we now have a simple Strategy: Top Pick of the Week. You Buy the "Pick" on Monday morning, and then Sell on Friday's Close. This week: ITB Home Building Fund.Longby AbovetheGreenLine0
S&P uptrend continues as the market cheers strong earningsLast week, the bulls finally gained the conviction needed for a breakout. Fueled by strong banking earnings, the market has moved upward from its trading range, reaffirming the long-standing uptrend. Both the short- and long-term outlooks remain bullish. More earnings reports are set to be released next week, but unless there are significant surprises, nothing is expected to change. Longby hermes_trisme0
Possible Banana Hunt Trade soonThe Inverse Semiconductor Fund ( AMEX:SOXS ) will meet again with the Banana Line.Longby AbovetheGreenLine110
QQQ 4th trendline retest???I'll probably go with the Tuesday 490s i'm not entering until after lunch break on Monday so the breakeven can come up little more as we push sideways. Stop:494.75 Entry:193.1 TP Level:187.75Shortby deablerandrew224
SPY: Bearish Continuation is Highly Probable! Here is Why: Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SPY pair which is likely to be pushed down by the bears so we will sell! ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals113
Market Update - 10/13/2024With Friday's close the situation looks quite positive. Especially the breakout on $MDY. Some solid setups, still mainly on healthcare stocks. Follow throughs have not been the strongest in the last few weeks so I haven't made any progress in terms of gains. Would be nice to finally catch a nice big winner. Only 13% invested but looking to scale up in the coming weeks if we see breakouts with follow through. 29:46by BenedekBokor0
$SPY October 13, 2024AMEX:SPY October 13, 2024 15 Minutes. As projected AMEX:SPY made a high 579-580 levels. Now the next target is 587 levels. But we have oscillator divergence now. And in daily AMEX:SPY far way by nearly 8 to 10 with respect to 9- and 21-day averages. So, for the rise 566.63 to 580.33 AMEX:SPY need to hold 576-577 levels for uptrend to continue. For the rise 574.49 to 580.33 we need retracement up to 576 levels which is also 100 averages in 15 minutes. So, I will buy only on a pull back to 576 levels. As of now sell is only below 571 levels. by RiderTrader3
american election 2024In my opinion, after the American elections, all markets will crash. Kamala will win through fraud, and unrest will begin.Shortby vladimiropce843
the SPY rally continues, 600+ next? boost and follow for more! ❤️🔥 spy bulls have full control at the moment.. even if we dip I think we will hold the cluster support/530 level I have shown on my chart 🤔 there's a very strong trend support zone that goes back to 2022, bullish bias makes sense until that breaks. I think we can head to 600+ on the next push higher. short term dips into trend support are possible. this is my last chart of the week.. see you all soon with more ⚡Longby Vibranium_CapitalUpdated 2226
SPY BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! We are going short on the SPY with the target of 545.10 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals111
The #1 Reason Why Real Estate Is The Lowest Hanging FruitAm drinking my cup of tea before recording this video as I click on the Tradingview platform I notice in the breaking news tabs -- "Real Estate low hanging Fruit" [ NYSE:HD AMEX:IYR ] -- Now if you look into this video you will see the stochastic indicator and inside this video I show you why this indicator confirms the latest breaking news as real estate being the lowest hanging fruit For you to buy Watch this video to learn more Remember to rocket boost this content to learn more -- Remember on the 19 of October am going to show you "The Top 13 Iron Watchlist" Which I will be using for 2025 to see major market cycles. Save that date -- Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies.Long03:07by lubosi2
QQQ Weekly Outlook (SPY) for OCT 14, 2024A week ago, I provided a weekly long-term view of QQQ (link below): I annotated that by looking at the weekly time frame, we can note that QQQ has been bouncing off the weekly trendline (TL) that started back in JAN 2023. It has touched and bounced off that trendline 3x so far: -MARCH 2023 -OCTOBER 2023 -AUGUST 2024 We started OCT 7th week around 487 and closed end of week at 493.36 Based on technical analysis, QQQ is in a triangle pattern with the top trendline starting on JULY 17th and then hitting it again several other times: -SEPT 26 -OCT 9 -OCT 10 -OCT 11 The bottom trendline starts on AUG 5th and touches again on: -SEPT 6 -SEPT 9 -SEPT 10 -SEPT 11 Another TL was drawn on SEPT 11 up which price has been respecting: -OCT 2 -OCT 3 -OCT 4 -OCT 7 -OCT 8 -OCT 11 This has cause price to get tighter and tighter against JULY 17th TOP TL. In addition, price has been making Higher Lows (HL) and Higher Highs (HH) starting from AUG 5th until current date. The following are the HH/HL: HL: AUG 5/ SEPT 6 - 11 / OCT 1 - 3 HH: AUG 22 / SEPT 26 / OCT 11 The GAP that was created between JULY 16 - 17 was filled on SEPT 26 causing the market to GAP REJECT and push price down. Price has once again come back to that gap and closed above it. GAPS can be used in several ways. One being the initial rejection. As price is back above it again, what was once resistance / supply can now be potentially turned into support / demand. The second method can be the INVERSION of a GAP. Utilizing my longer thesis from last week along with the new / current data, a bullish sentiment is formed going into this week for the following reason: -Two bottom TLs have been respected and acted as support -Higher Lows/Higher Highs are being made -Price closed above the GAP that that acted initially as resistance and now turned into support (inversion) -No economic catalyst for bearish scenario 'yet' -Price had a strong close above the 5 and 8 EMA on the daily time frame. Price Targets: PT1: $498.44 PT2: $500 PT3: $501.01 PT4: $503.07 PT5: $503.52 PT6: $505 This is NOT financial advice but my opinion on the market. NASDAQ:AAPL NASDAQ:AMZN NASDAQ:QQQ NYSE:ES SP:SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY SEED_ALEXDRAYM_SHORTINTEREST2:NQ NASDAQ:MSFT NASDAQ:TSLA NASDAQ:NVDA NASDAQ:AMD SaDby SADnation3
YEP! ALL-TIME HIGHS BABY! You're welcome! :) Pretty simple... After identifying a candle with buying pressure, last week I announced that we would very likely be hitting new all-time highs simply by following the N# pattern that was unfolding at that very moment with precision. VALIDATIONS ARE THE KEY TO PREDICTING A MARKET MOVE. But what do I mean? Here’s a recap of the moves I got in 1 week: #1 It gave me a breakout. #2 It gave me an exact retracement to my order block area that I was looking for. #3 It gave me the volume I needed to see. #4 It gave me a volume candle with buying pressure. #5 It gave me an immediate bullish structure. #6 The "N3" pattern is being fulfilled precisely. How many validations do I have so far? 6 Validations!!!! Don’t you think we’re in a bullish scenario where, with all these validations being met exactly, we could see a new extreme, breaking new all-time highs? OF COURSE WE ARE! The more validations you have in an analysis, the more likely the scenario you’re looking for will be fulfilled correctly. Now... Going back to SPY, all-time highs are uncharted territory! We must be very cautious, and as soon as the retracement begins, I’ll start my analysis again. Best regards, and I hope this mini-lesson helps fine-tune your price analysis process. Thanks for supporting my analysis. Best regards.Longby RocketMike1111
Stock Market | TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisQQQ Forecast SPY forecast TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisLong19:16by ArcadiaTrading3
Smh pullback to 230SMH may pull back to fill the gap above 230 before breaking out. Volume has been looking weak for bulls. So a retracement may need to happen before we have another breakout above resistance and run to retest all time highsby jomiaelton0
TQQQ I Next long opportunity - following correction from 74.87Welcome back! Let me know your thoughts in the comments! ** TQQQ Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!Long03:42by BKTradingAcademy1
SPY A Fall Expected! SELL! My dear friends, Please, find my technical outlook for SPY below: The price is coiling around a solid key level - 579.57 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 573.88 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals5533
QQQ: Weak Market & Bearish Forecast The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the QQQ pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals114
General Channel Outcomes Historic Trends SP500 + market overallSelf- explanatory, the most basic type of trend hunting is the channel movements and their natural exits.by SuperScholarXYZ0
XLE AT A INTERESTING PRICE WHEN LOOKING AT THE PASTDoes this mean anything? Yes and no. you need more to go on than just this to project the move, however, if you assume middle trend is where this price wants to go to stabilize, and you see we are at a major spot when it comes to horizontal support. I really can't tell yet where it goes. The upside percentage is far less than the potential downside percentage. Upside is favored, but again, I can't really tell on this one to say anything other than, it's at a horizontal mark that has been historically important. by nicktussing770