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SpyThis post here analysis is more about the longer term picture (Months).. It's been awhile, so here we go. Lets start with TVC:NYA This represents 3000 stocks and gives a better picture of the market then S&P which is heavily weight tech. Weekly chart - We are at the top of a 15year resistance. Price slightly broke above it but was slammed back inside last week. As you can see the structure is a wedge and I believe that over the next weeks and months NYA will correct back to wedge support or 17,500 This drop will be 8-10% and weigh heavily on the broader market and cylicals Next up Is Dow jones or DJI Weekly chart is pretty much identical to NYA so the analysis is the same Daily chart My correction target is 38,000 Or 10% drop AMEX:IWM Surprised? Similar chart as DJI and NYA. Only difference was that parabolic move I circled that happen late Nov on the presidential election of 2020. Otherwise this 15yr trendline resistance has stayed resilient. We tagged resistance near ATH and I think we will get one more push back up to 236-239 before it's goodnight. Daily chart AMEX:IWM My pullback target will be trendline support or 208/210 price action which would represent a 14$ drop from ATH IXIC (Nasdaq) I'm charting the Nasdaq instead of QQQ/NDX because QQQ only covers the top 100 tech names while IXIC covers all tech Weekly chart Closed up near top of resistance of Weekly channel. I circled the fake breakouts and break downs. What was really bad about this week was the Dark cloud cover candle on the weekly .. This candle is pretty rare to see on the indexes; for reference I had to scroll back almost 10yrs and here's what I saw July 20, 2015 My target for the nasdaq will between 17,500 - 17,800 Which would represent a 10% drop from ATH. These are weekly charts and weekly forecast which means these corrections may take anywhere from 45-60 days to play out but I think it will happen before the election.. it's important to trade the time frame you are using. For example, you don't want to take this analysis and just start 0dte puts or buying weeklies.. like I said this may take 2months to play out. Also this is just the weekly, the hourly has now been severely oversold as a result of 3days of chop and 2 days of and I think the market will rally back up near ATH before the sell begins so don't go chasing shorts early.. imagine last week's leg down as the center line in a double top. I think early this week we'll rally up to make the right top. Afterwards we should chop for thanks giving and drop afterwards like so AMEX:SPY is 14% extended from its weekly 50sma. Last three times this happened spy corrected 8-10% within 30-50 days My correction target for the Spy is 540 or 200sma which would represent a 10% pullback from ATH So a summary of this post is, I expect a push to the upside early this week and then if the sell does not happen by Thursday then it won't happen till after Thanksgiving
AMEX:SPYShort
by ContraryTrader
5
Vanguard S&P 500 ETF | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Vanguard S&P 500 ETF - Triangle 1&2 | Target Invalid/Valid - Double Top | Target Valid - Retracement | Center Uptrend Settings - Support=0(12345) | Wave 1 Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Buy
AMEX:VOOLong
by TradePolitics
3
Direxion Energy Bull 2X Shares | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Direxion Energy Bull 2X Shares - Double Top | Mid Section | Range Structure 1 - Strong Perfomance 1 | Support Area 1 - Wave 1 | 12345 | Impulsive Contraction - Retracement - Double Bottom | Mid Section | Range Structure 2 - Strong Perfomance 2 | Support Area | Neutral Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutral
AMEX:ERX
by TradePolitics
QQQ Technical Analysis! SELL! My dear friends, My technical analysis for QQQ is below: The market is trading on 514.16 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 496.08 Recommended Stop Loss - 525.28 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
4
ALL ROADS LEAD TO $PYI am feeling Bullish Monday for SPY. After the heavy selling on Friday. The 4-hour chart shows a DOJI well stablished by a small green candle that start to show momentum. On the smaller time frame, it is rebounding on the support line at that level. Supporting actions in relation to prediction: 1. Downtrace was not able to push lower than 50% in the FVG. 2. The lowest point once the great FVP was established was 585.43 and was not successfully broken at market close. Instead, it closed with the candle sitting above. 3. NVDA just rebounded at the small trendline created. 4. TSLA just rebounded at my last prediction price of 301 up, creating a sustainable support in that area to uptrend. 5. APPL is respecting a minor trendline within the 195 to 219 and starting to create a cross between 50 and 200 MA. This indication seems that the companies will push the SPY level up next week. If the SPY rejects this analysis I would wait until it reaches the 575/578 area for a push up. (If it goes below of 568 may the market gods be with us.)
AMEX:SPYLong
by soymundo21
$SPY November 16, 2024AMEX:SPY November 16, 2024 For a change target came without much of drama. Could not short the previous day. So had no trade. For the week: 5 Minutes: We had multiple LL and managed to close HL HH pattern. Oscillator divergence can be seen. 9,21, 50 averages converged. So, expecting a bounce to 589 - 592 levels being 100 and 200 averages. 200 averages in 5 minutes could be a good level to short. SL 592.75 being 23.6% retracement for the rise 567.86 to 600.17. 15 Minutes: We can see a consolidation going on last 15 bars or so. Downtrend intact as below 50,100 and 20 averages. Again 590 to 593 represents 50 to 200 average range in 15 minutes too. 60 Minutes. Took support at 200 averages. For the fall 600.17 to 583.86 593-594 is a good level to short. it represents 61.8% of retracement for the fall. Daily: Took support of 21 average in daily. Holding 580 is important to continue uptrend taking the last rise into consideration from 567.89 to 600.17. If 580 is broke next support is 575-576 levels. It also represents 23.6% retracement for the rise 539.44 to 600.17. So next week range is Go long with SL 583.5 for 590-592 as target. or go short below 580 for 576+ as target SL 581.5
AMEX:SPY
by RiderTrader
QQQ - GAP Fill QQQ - Gap Fill. Will we be seeing this Newley formed gap that has occurred this week be filled in the next coming weeks? We can see from 6th of May this year that a gap occurred and we waited a 3 months for this to be filled. Giving a great support zone for future price. End of October we did see a gap that happened and it took just 1 month for this to be filled Including great pump through giving us a good support for our Newley supported Gap. This would be a great opportunity for the investment traders / swing traders to get a hold off and keep buying till this gap has been filled. We do have 2 VWAP anchored on this chart High and Low all showing positive turns to fill this gap in the upcoming weeks coming to Christmas market close.
NASDAQ:QQQLong
by PipsandTicks1
$UVXY: the next move, to $50?I've been watching the CBOE:UVXY for months now trying to anticipate the next large move. Throughout September and October I was anticipating a larger move to play out, but we ended up just trading in a range. Luckily got a few profitable moves in the chop and got out at the high right before the election. Then I thought there would be a larger drop. I entered in the low FWB:20S earlier this week and sold my spot position today on the move higher. Now what I'm anticipating from here is a decline in vol early in the week and a rally in the market. On Tuesday or Wednesday, I'd be looking to go long volatility again as I think the NVDA reaction after market close Wednesday is going to cause some volatility in the markets. Lots of reasons are lining up to believe the outcome of NVDA earnings will be bearish. I have a pivot on the chart on Wednesday. The NVDA chart has stalled at resistance and gapped lower. Etc. I think this will be the last large move in vol until early 2025 (Feb-March).So in other words, after this selloff the market rallies into Q1 2025. In 2025, we will make volatility great again. I think we're going to see a resurgence of vol and we're going to see covid style numbers get printed in vol with 200-400% moves. However, let's wait until this move plays out first before we focus on 2025. I'm looking to enter calls early next week for 12/20 $30C.
CBOE:UVXYLong
by benjihyam
4
SOXL WEEK 11/11/24SOXL WEEK 11/11/24 Trying to keep this as simple as possible. Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the YELLOW ranges. Price may exceed YELLOW range targets, but it’s at least a strong help to make profit 🎯🫡. *LEVELS ARE NOT RANDOM OR BASED OFF EMOTION OR PERSONAL BIAS. BACKTESTED WITH THOROUGH RESEARCH WITH OVER 90% ACCURACY....HENCE WHY MOVE WILL MOST LIKELY BE GREATER THAN ESTIMATED.*
AMEX:SOXL
by J3Trad3s
1
SOXS WEEK 11/11/24SOXS WEEK 11/11/24 Trying to keep this as simple as possible. Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the YELLOW ranges. Price may exceed YELLOW range targets, but it’s at least a strong help to make profit 🎯🫡. *LEVELS ARE NOT RANDOM OR BASED OFF EMOTION OR PERSONAL BIAS. BACKTESTED WITH THOROUGH RESEARCH WITH OVER 90% ACCURACY....HENCE WHY MOVE WILL MOST LIKELY BE GREATER THAN ESTIMATED.*
AMEX:SOXS
by J3Trad3s