QQQ - Selling short term Calls todaySell to Open AUG20 480 CALL @ 1.20 (2 contracts) Just playing the hesitation here on options that expire today. by goldbug1117
if or when?By the past experience, all the gaps have strong probability to be filled - so I have deep doubts we will go only up without significatnt correction, so what do you think? by kosajsk222
SPY drop, bounce, u-turnSPY trade idea 5:1 ratio Short = 565 Stop = 570 Profit = 540 (SPY) S&P 500 index rapidly dropped in a week, then bounced in a V shape recovery for 2 weeks, now it could u-turn back down. SPY is back at it's resistance level of it's 2 year trend channel. There's not much upside left this week from the 560 area. However, it could temporarily false breakout. I'm posting this as a short because there's way more downside than upside potential for the next month. Since there has been steady momentum going up from Monday 8/5 bounce off 510 low, this short setup will probably take a few days. It's likely a catalyst related to newsworthy current events (Macroeconomic / Geopolitical) will u-turn the momentum around. The trajectory of this SPY 2 year trend channel ends 2024 at these levels. High: 590, mid: 570, low: 550. S&P 500 average annual return since 1957 is around 10%. Over the past 10 years SPY annual returns are: 2015 = -0.81% 2016 = 9.64% 2017 = 19.38% 2018 = -6.35% 2019 = 28.79% 2020 = 16.16% 2021 = 27.04% 2022 = -19.48% 2023 = 24.29% 2024 = 17.74% YTD SPY options data: 8/23/24 expiry Put Volume Total 227,406 Call Volume Total 194,390 Put/Call Volume Ratio 1.17 Put Open Interest Total 453,568 Call Open Interest Total 231,880 Put/Call Open Interest Ratio 1.96 8/30/24 expiry Put Volume Total 106,190 Call Volume Total 71,114 Put/Call Volume Ratio 1.49 Put Open Interest Total 1,325,995 Call Open Interest Total 400,252 Put/Call Open Interest Ratio 3.31 9/6/24 expiry Put Volume Total 34,413 Call Volume Total 27,127 Put/Call Volume Ratio 1.27 Put Open Interest Total 409,413 Call Open Interest Total 82,889 Put/Call Open Interest Ratio 4.94 9/13/24 expiry Put Volume Total 26,054 Call Volume Total 32,626 Put/Call Volume Ratio 0.80 Put Open Interest Total 790,615 Call Open Interest Total 72,179 Put/Call Open Interest Ratio 10.95 9/20/24 expiry Put Volume Total 240,533 Call Volume Total 90,520 Put/Call Volume Ratio 2.66 Put Open Interest Total 2,778,151 Call Open Interest Total 878,237 Put/Call Open Interest Ratio 3.16Shortby Options360Updated 2214
SPY Trending UPPrevious days last 5 min candle strong bullish volume still pushing markets upLongby orcun3
$SPY August 20 ,2024AMEX:SPY August 20 ,2024 15 Minutes. For the rise 548.88 to 559.58, holding 555 levels uptrend continues for te day. A retracement to 552 will give an opportunity to add longs.by RiderTrader220
Resistance then profit Going to watch that 565 area for some resistance ideally then hopefully a retest after that, eventually breaking through 565 for a decent profit. by Stoxor2
ELLIOTT WAVE ANALYSIS TLT BONDS: 20 AUG, 2024© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Bonds, Wave (iii)-orange is unfolding to push higher; it is subdividing into wave ((2))-blue, and appears to be unfolding to push lower. Specifically, it is developing as a Zigzag, labeled (A)(B)(C)-orange, wave (B)-orange is nearing completion of its role. Finally, wave ((3))-blue could return to push higher. While price must remain above 91.47 to maintain this view. A break below this level would indicate an alternate wave count scenario is in play.by ShaneHua224
Elliott Wave Intraday Analysis Looking for GDX to Extend HigherRally from 9.26.2022 low in AMEX:GDX is currently in progress as a 5 waves diagonal. Up from 9.26.2022 low, wave (1) ended at 36.26 and pullback in wave (2) ended at 25.62. The ETF then extended higher in wave (3) towards 39.4 and pullback in wave (4) ended at 33.85 as the 1 hour chart below shows. Internal subdivision of wave (4) unfolded as a double three Elliott Wave structure. Down from wave (3), wave W ended at 35.9 and wave X ended at 38.22. Wave Y lower ended at 33.85 which completed wave (4) in higher degree. The ETF then turns higher again in wave (5). Up from wave (4), wave ((i)) ended at 36.25 and wave ((ii)) pullback ended at 34.54. Wave ((iii)) higher ended at 38.08 and pullback in wave ((iv)) ended at 36.56. Expect wave ((v)) to complete soon which should also end wave 1 in higher degree. Afterwards, it should pullback in wave 2 to correct cycle from 8.5.2024 low in 3, 7, or 11 swing before the ETF resumes higher again. Near term, expect pullback to find support in 3, 7, 11 swing against 33.85 for further upside.by Elliottwave-Forecast1
SGOL physical gold ETF long entry for position ( GLD )I'm letting my pendulum start picking more stocks for me since things are happening with them. I have this as a big low coming and it seems like this is to buy and hold for the long term. I posted the area I expect to hold and the target may be up to 35-36, but really it's just suggesting to hold it perhaps to 2030. There's also a date of Sept. 27th. Those are often reversals, but sometimes nothing obvious, but just something to watch. So, if you need some gold in your portfolio & like that it's backed with physical (allegedly), this may be an opportunity. Longby JenRz0
Intuition stock Long setup on XRTI ask for stocks sometimes from my intuition, and this immediately came to mind. That's usually a good sign and means it's true guidance. I also had the number 112 or 13 and the impression of up. I do dowsing and the reading suggested a bit of a move down and then up to around 90-91. I think it's possible the number of 13 was about points higher from Friday's close (I got this on Sunday), which comes around $90. Dowsing also supports this idea. I also got a date for a possible low of the 23rd, but I don't have a ton of faith in it. It's just something to be aware of as dates are sometimes reversals.Longby JenRz880
$GLD Breakout and Option Strategy Spotlight with Overlay It looks like GLD 0.44%↑ finally broke out of its sideways-upward channel on Friday. Time to explore some opportunities using our Options Overlay indicator on TradingView. The current IVR is at 84, while the 62 DTE average IVx is only 19.9, making this IVx level exceptionally high for gold over the past year. On the daily chart, the Gold ETF is trading between the 6/8 and 7/8 levels. The options chain shows that calls 62 DTE are about 130% more expensive, indicating a strong bullish sentiment in the market. Examining the standard expected move (STD1), even at 4 DTE, the upside target is 237 (7/8), with the downside at 6/8. The delta curve shows the 16 delta OTM call trending upwards toward the 8/8 level, which aligns with the 250 level. Given this, I would caution against buying single-leg calls at such inflated prices. A pullback could dramatically reduce their value, and time decay will work against you. If you're determined to go bullish, a simple CALL butterfly offers a better risk-reward ratio! GLD Bullish strategy - if we are expecting rising IV Assuming further IV increases (IVx rose by 2% over the last 5 days despite a drop in VIX and a rise in the underlying), a CALL calendar spread presents a solid R:R setup. The Options Overlay quickly highlights the optimal expiry dates to target: Sep 20-27. I noticed a 4% volatility skew between these dates. The standard expected move (STD1) and delta16 suggest an upward probability range capped at 245, meaning there's an 86% chance that AMEX:GLD stays below this level by Sep 20. Here's my setup in this case: GLD Sep 20th - Sep 27th 245 Calendar Call Spread. This spread, spotted in under a minute on TradingView, offers nearly 8x risk-reward, but it's beneficial only if you're betting on continued IV increases.Longby TanukiTradeUpdated 3
Lessons From my Losses August 19th 2024 Today the price action again was not ideal. I talk about not getting into trades based on FOMO and overtrading, which I did today. I am a little upset with myself as I was not disciplined. I showed a trade with great confirmation on the 15-minute chart I missed. Let me know what you guys think in the comments and tell me about how your trading went today! Editors' picks06:31by carsonusa566106
SPY - 8/19/24SPY for Brett, honeydrip, chekcing out levels/trend line analysis. -- calLongby calgunsaulus0
Hello traders and investors! :)Hello traders and investors, SPY will pump to 585$ and dump to 370$. So remember to take profit around 585$, and buy back millions of shares and retire when SPY is at 370$! Genious hedgefund inside insight for free just to help you guys out, have a nice day.Longby KetilJohan444
Qqq idea Taking another short here . The gap has been filled . I would take another short if this scam continues to go higher at the last gap fill . It’s unbelievable how this market behaves the indicators are broken . Shortby Todopoderoso229
NVDXthis stock has the potential to surge from a technical outlook stoploss - $15.00 1st target - $19.32 2nd target if the stock break out $22.13 entry - $16.00 - $17.00 lets see if this flip or flop lets go Longby OUTTHAHOUSEOTH11
Nippon India Silver ETFNippon India Silver ETF Looks good above 83 Target 90+ 83 is an very important level for this stock. As per the GANN calculations.by iSmarTechTelugu0
QQQ Nasdaq 100 ETF PredictionIf you haven`t bought the last dip on QQQ: Historically, the QQQ Nasdaq 100 ETF has demonstrated a consistent pattern where a Relative Strength Index (RSI) at or below 30 triggers buying activity. This technical indicator, typically viewed as signaling an oversold condition, has reliably attracted investors looking to capitalize on perceived undervaluation. As a result, these dips have been quickly bought up, suggesting a strong market tendency to rebound from such low RSI levels. I expect the recovery to be V-shaped or W-shaped, ending the year higher. Longby TopgOptionsUpdated 113
SPY S&P500 ETF W-Shaped RecoveryIf you haven`t bought the previous correction: Now historically, the SPY S&P500 ETF has demonstrated a consistent pattern where a Relative Strength Index (RSI) at or below 30 triggers buying activity. This technical indicator, typically viewed as signaling an oversold condition, has reliably attracted investors looking to capitalize on perceived undervaluation. As a result, these dips have been quickly bought up, suggesting a strong market tendency to rebound from such low RSI levels. I expect the recovery to be V-shaped or W-shaped, ending the year higher.Longby TopgOptionsUpdated 2
SPY UptrendingVolume is bullish and VIX is dumping - > SPY LONG -> SPY UptredingLongby orcunUpdated 0
Will The SPY Hit 650-700?Just an update on progress in the markets. The dollar has hit my support level already. Because of the quick drop, I expect it to continue to drop even further, though we may get a bit of a bounce first. The Vix is back down and inside of our long-standing sideways channel. And gold has hit its target to the upside. Plus we'll talk about where the SPY (and U.S. Stock market) is going. That section of the video begins around 07:30 if you want to skip right to the title content of the video. And towards the end of the video, we'll of course discuss where I think Bitcoin is still going before the end of the year and also, where I think it will end up by the end of next year. These are longer-term targets but they are not solely predicated upon technical analysis. Though the technicals do help support my claims, there is also some fundamental rationale for why I believe the markets remain so volatile, but overall, they will continue their journey upwards.Long17:34by stewdamus2
$TSLA $LABU After open 8-19-24 Analysis Analysis of the after open on this day, explaining why I took profits and might be expecting a pullback to get in again. 04:28by faybar0