NDX Index Funds Vs Foreign NDX funds performance post rotationThis nothing but an idea I am publishing to track my performance for rotating profits in NDX funds into averaging down foreign funds in a retirement portfolio. I want to point out had taken profits previously and was trading bitcoin and GME with them until i found a candidate for rotation at a price point i liked.
I am neither bullish or bearish. The publication is for me others to learn how well rotation performs over time versus setting and forgetting.
ETF market
Communications Sector: Spotlight on Netflix and VOX ETFThe communications sector has emerged as one of a key area of interest for investors, charged by technological innovation and evolving consumer habits. Amid recent market turbulence, certain companies and investment vehicles have demonstrated resilience and growth potential. Let’s take a closer look and explore two standout opportunities within this sector: Netflix, a streaming powerhouse, and the Vanguard Communication Services ETF ( AMEX:VOX ), a diversified play on the broader communications landscape. Let’s dive a little dipper into their performance, prospects, and what they may mean for investors.
Netflix: A Resilient Leader in Streaming
Netflix NASDAQ:NFLX has not only weathered the recent market downturn, but has also shown to us a notable growth. As a global leader in streaming services, Netflix boasts a massive subscriber base and an expansive content library, bolstered by its heavy investment in original programming. This strategy has paid off, the company consistently reporting strong financials, including growth in revenue and net income.
What sets Netflix apart- its adaptability. Despite a market pullback, that saw many stocks retreat from their 2021 highs, Netflix has capitalized on the shift toward digital entertainment-a trend accelerated by changing consumer preferences. Such success is often tied to broader dynamics, when influential policymakers or key industry figures maintain close connections with the communications market, companies like Netflix thrive. While this perspective is intriguing, the core driver of Netflix’s strength lies in its operational execution: robust subscriber growth, innovative content, and a global footprint.
However, there is challenge to note. The streaming space is increasingly crowded, with competitors like Disney+ and HBO Max (service owned by Warner Bros NASDAQ:WBD ) vying for market share. Rising competition could pressure Netflix’s pricing power and subscriber retention. Still, its proven resilience and content leadership make it a compelling option for investors seeking exposure to the communications sector’s growth narrative.
VOX ETF: Diversified Strength in Communications
For those preferring a broader approach, the Vanguard Communication Services ETF offers diversified exposure to the communications sector. VOX is a recommended pick for tapping into this space, tracking the Communication Services Select Sector Index. This ETF includes a mix of industry giants like Verizon NYSE:VZ , AT&T , and Walt Disney NYSE:DIS , spanning telecommunications, media, and internet services.
VOX’s appeal lies in its ability to capture sector-wide trends while mitigating company-specific risks. The communications sector is inherently dynamic. This is due in large part to technological advancements (5G rollout) and shifts in consumer behavior (cord-cutting and streaming). It’s a pretty favorable environment for such investments, particularly when media and communication channels gain prominence under influential leadership. While this macroeconomic angle adds context, VOX’s strength is more concretely tied to its diversified holdings and the sector’s long-term growth drivers.
Anyway, the sector isn’t without risks. Regulatory shifts, such as debates over net neutrality, and macroeconomic factors like interest rates can introduce volatility. Yet, for investors, VOX provides a balanced way to ride the sector’s upsides-offering stability through its so called blue-chip holdings and growth potential through its exposure to innovative subsectors like streaming and internet services.
A Market in Flux
The broader communications sector remains a hotbed of opportunity, especially in a market that sits roughly 5% above its 2021 highs after a significant decline. Companies tied to digital media and connectivity have shown staying power, even as others falter. Netflix’s growth and VOX’s steady performance underscore a key theme: the shift toward digital consumption isn’t slowing down.
Investment Takeaways
The communications sector offers compelling opportunities for investors with varying risk profiles. For those, seeking a focused investment in the dominance of streaming, Netflix stands out as a robust choice, underpinned by strong financials and a global footprint. Its growth potential is undeniable, though investors should remain mindful of competitive pressures from platforms like Disney+ and HBO Max. Alternatively, the Vanguard Communication Services ETF (VOX) provides a diversified avenue, balancing risk and reward by capturing the broader trends across telecommunications, media, and internet services. This ETF is well-suited for those looking to tap into the sector’s momentum without the volatility of individual stocks. Both Netflix and VOX underscore the enduring relevance of the communications sector, offering distinct pathways to stability and growth as the market navigates its current “storm”.
The communications sector is a vibrant arena, blending innovation with necessity. Whether you’re drawn to Netflix’s focused growth story or VOX’s broad-based approach, there’s room to engage with this sector’s potential. As always, weigh the risks-competition for Netflix and regulatory shifts for VOX. The data points to a sector poised for continued evolution.
Doesn't Seem FinishedHaven't posted here in a while, but here goes the usual blabber.
Moved from working in tech to FinTech, closer to the action now. But that came with a lot of realizations. Lot of reality checks pulverizing my forehead. Like most of us, I have become a lot more cynical with the system.
In the time I've spent trading, I haven't been wildly profitable. I am no longer young, but still have kept plenty of naivete and impulse. If I was one of the greats, I sure haven't realized it yet. I've traded since the day I turned 18, with some long breaks between. The plan was never to get rich, since my bankroll was always too small - it was to garner as much as pain and experience as I could, before I made some "real" money, so that I can bypass all the early mistakes most of us make before I incur serious, lifechanging losses. My first girlfriend's brother advised this, and it has arguably been one of the best decisions I have ever made. Thanks, Chad. If you ever find this by some miracle, hit me up for a Tsingtao. Same number, but not the same person anymore.
In the 7, almost 8 years of charting, yelling, disillusionment and spitting at Cramer, I've gone through almost every single emotion and experience a trader could have. I have made the dumbest decisions possible. I have fallen for stupid hype, and didn't act on high confidence trades that probably could've changed my life. I've sold and bought too early, too late, and just on time. I've bought high and sold low, and vice versa. I've gained nothing, and everything. I've lost the same. I'm not sure if I've found what I've set out to, but I'm sure as hell past the "Peak of Stupidity" in the Dunning-Kruger curve. I'm barely sure I know a single thing more than when I started, and that's proof I've progressed at least a tiny bit. I've studied and tried everything from Gann, Wave, Smart Money, Volume, setups, lines, curves, trend, moon cycles... and the paranoia of "market makers" most of us end up in. The truth and fact is that all these things are useful, and completely worthless as well.
In my short little life, I've seen people lose up to quarter of a million on a single trade. My ex-girlfriend's father all-inned at the top of Covid-19, and was convinced to sell near the bottom - they lost a house and a happy marriage over that. My coworker bought into CRYPTOCAP:DOGE Dogecoin/other memecoins at near the peak. His wife divorced him, and he still solicits me over text sometimes to try to get my opinion on some new shitcoin. In retrospect, my worst days are miniscule. In hindsight, all the insane losses I've punished myself and haunted myself with, was probably a penny to some of the richer kids I've met and befriended in college. I feel I have struggled so much, so hard for nothing over the years, with absolutely nothing to show for. My understanding is that there is no lottery ticket, no get-rich-quick scheme, no secret. We all know this, but we still hope. You either have to sell your soul, your life, or your dignity. Or all three. And most of the times, that's still not enough. I'm guilty of buying a few lottery tickets after a rough day, all to end up with some meaningless pieces of paper in my hand. Another $2 donated to the state.
After all these years, what I do have, however, is an ache. A desperation. A hope for something more. For what exactly? I'm sure none of us knows. Anything chased is never as good as we believe it'll be, and in that moment of realization, we only begin to yearn for something anew. And so, the cycle repeats ad infinitum.
I've let personal biases and emotions push and throw me around. Fair enough, sometimes they did lead me to some of my best trades. But often times, my worst. I'm sure we've all been there. There's no escaping that, ever. Every trader who talks of discipline and firmness of mind have never been truly broken before. You can't pretend there are no waves, and you sure aren't gliding over them; you ride alongside with them, and let them push and pull you to where you need to be. Trading against the tide is the dumbest thing we all do, and the most painful lesson you'll never stop learning.
The great thing about getting older is that you start to hurt less. You start caring less. You start accepting, rather than challenging. New things are scary and uncomfortable, and you no longer yearn for the excitement but rather the familiar. The reasonable. The simple and proven. I no longer stand in the pits or against the barriers, but in the edges and the balconies. I look down, and wonder why everyone is so difficult, so abrasive. Why can't we all sit down? My knees ache, and my back hurts. I think about how my beer costs far too much, and the emails I have to respond to tomorrow morning. I sigh, and put my concert earplugs on - can't risk losing any more hearing, or I won't be able to hear my Teams notifications.
This is all very great for risk adversity, but it kills the soul bit by bit, piece by piece. New music, new food, and new experiences are no longer as gratifying. Neuroplasticity has taken a hit, and so has my receptors. I can't remember ever feeling more bored by beautiful things until today, and I know tomorrow is only the same, but worse. We require more, spend more, yearn more as we grow, but find ourselves ever so less gratified. Our beautiful wives become just our wives, and the money is our bank account is always too small. A trip to the middle of the desert in college seemed like a dream, now a trip to Hawaii seems... inadequate.
I'm sure now, $20 at 20 is worth something close to $300 at 30. Put that against the SPY, will you?
Anyways, enough rambling. I have another high conviction call for you. Something I have enough "Fuck You" money to bet on, and my first "grown-up" play. I have made some bad calls before, and some I've probably been so right I could have been halfway to retirement by now. This is closer to the latter, I'm sure of it.
I'm not going to bother explaining everything - it's a huge waste of time like this post, and anyone interested enough should do their own due diligence. God, I sound like you guys now. Keywords are Miran, Triffin Dilemma, and my strong belief that BRICS will never put together a functioning currency. Taiwan vs China, India vs Pakistan, Ukraine vs Russia. All should wrap up soon. The tariff gambit with China and the rest of the nations is all noise, as it concluded today, for yet another 90 days. Technical indicators show a massive downtrend pending on monthly, and the market is hunting for a reason. Divergence in shorter timescales.
Worst comes to worst, maybe I'll convert back to Christianity if everything goes to shit. Give up all my material possessions, become a monk. The pope is from Chicago, and I just moved here. Perhaps a sign, but the market tells me it's a coincidence. But I'm sure my girlfriend wouldn't appreciate that, and being Korean, perhaps Buddhism would suit me better anyways.
I also changed my name, by the way. Why the hell not. Life is short, better go trading.
$TQQQ - Small moonThe AI has been triggered on TQQQ and UVXY. Calls on TQQQ and puts on UVXY.
The models i have on these have a sharpe of around 3.4-3.6 which means these are almost guaranteed money making trades as long as your entry point is good.
I'm waiting for confirmation before i go in but i'm likely to enter this trade really hard. The AI suggests ITM Calls at around 57.5 and 60 a month out. You can trade QQQ for this as well for similar equivalent strikes and expiries.
$SPY still bearish unless $584 and trendline break as resistanceI'll be the first to admit that the rally has gone further than I expected. That said, everything on the chart still looks like this is a bearish rally and not a new bull trend.
Unless we can break the blue trend line and the strong overhead resistance between $581.63 and $583.57, I think the most likely scenario is we fall further and see one last leg down before we bottom.
I think the bottom will come between the lower supports at $409 and $538.
Again, invalidation of the bearish idea is a break and flip of the resistances above, the upside targets are on the chart as well.
Let's see what happens over the coming weeks.
SPY/QQ QQQ Gamma Map & Playbook (May 12, 2025)
General Context:
The chart is showing a post-gap continuation with early selling pressure.
Gamma exposure zones are defined with Call Walls, Resistance Bands (RB), and Volume Area levels.
This setup helps identify key decision zones for both long and short plays.
🔑 Key Gamma Levels (as per SpotGamma):
Level Type Price Commentary
Zero Gamma 482 Below this level, volatility likely increases.
Vol Trigger 484 Risk-on above this line.
Put Wall 450 Major downside protection.
Call Wall (Max) 500 Magnet level for market makers.
RB Head 508 / 505 Resistance Bands: potential short zones.
RB Bottom 487.59 Major support if price collapses.
Volume Area High 20756 Key volume resistance from futures.
📈 Scenarios Projected on Chart:
🅰️ Bullish Scenario
Bounce from 500 → Consolidation → Breakout through 505 → Target: RB Head 508.72
This move would likely trap shorts near 500 and push toward high gamma area.
🅱️ Bearish Scenario
Failure to hold 500 → Drop to 495-493 → Bounce attempt.
If weak, price may test the yellow box zone (Possible buy/sell area) near RB Bottom
SPY/QQQ Plan Your Trade for 4-12 : Rally In CountertrendIn today's video, I try to highlight the TREND features in the SPY CYcle Pattern data window for all of you to use.
Yesterday, I received a comment from a friend/client asking about the strength in the markets compared to my expectations.
My answer was simple. The SPY Cycle Pattern data window shows Short-Term (ST), Long-Term (LT) trending as well as the Daily/Weekly Bias trends.
Traders should use these to determine the primary trend/direction of price action.
Additionally, I try to add my own thoughts/context related to the market setup/structure. That is where I teach you about the EPP/Cradle patterns and more.
Ideally, my analysis and the SPY Cycle Patterns align with the future price moves in a way that everyone can profit from the highest probability outcomes.
There are times when news or outside forces drive the market trend beyond my expectations and, in some cases, beyond the SPY Cycle Pattern predictions. This recent Trump-Pump rally may be one of those cases.
Either way, I continue to try to deliver the best technical analysis and research I can offer for followers.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
Gold Miners May Be FatiguedThe VanEck Gold Miners ETF had a major breakout in March, but some traders may think it’s getting fatigued.
The first pattern on today’s chart is the series of candles on April 16-22. Those bars occurred at the highest levels in almost four years. They’re also solid, illustrating that price wasn't able to hold the peaks.
Second, GDX fell sharply afterwards and made a lower high last week. That could mean April represented a peak. It could additionally suggest a new downward channel is taking shape.
Third, MACD is falling.
Next, gold and gold miners have benefited from the uncertainty caused by tariffs. Now, with signs of the trade war easing, some traders may find less appeal in the yellow metal.
Finally, GDX is an active underlier in the options market. (It averages more than 140,000 contracts per session, according to TradeStation Data.) That could help traders take positions with calls and puts.
Standardized Performances for the ETF mentioned above:
VanEck Gold Miners ETF (GDX)
1-year: +47.93%
5-years: +51.92%
10-year: +143.71%
(As of April 30, 2025)
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Short Setup for Weak Healthcare Sector- Current Price: $132.68
- Price Targets:
- **T1**: $129.66
- **T2**: $127.98
- **S1**: $134.70
- **S2**: $137.56
- Recent Performance:
Healthcare Sector ETF (XLV) has declined 4.22% in the past week, breaking
beneath key support levels. On an annual basis, the ETF has plunged 29%,
reflecting sustained weakness in the healthcare industry. Biotech has been the
hardest-hit subsector, exacerbating XLV’s bearish trend. The ETF’s short- and
long-term underperformance positions it as one of the weakest sectors within the
broader market.
- Expert Analysis:
Bearish sentiment across healthcare continues to dominate, with biopharma
declines further weakening investor confidence. Experts warn against
anticipating recovery absent substantial fiscal stimulus or regulatory
incentives for the sector. Breaching support of $131.56 signals an elevated risk
of further selling pressure unless sentiment reverses drastically.
- News Impact:
No noteworthy catalysts or events have emerged to counteract healthcare’s
sector-wide weakness. Investors should remain vigilant toward earnings reports,
governmental changes, or policy adjustments, as these could present upside risks
or exacerbate downside trends.
XLB eyes on $85: Proven Support zone to End Bounce or to Break?XLB has recovered the tariff tantrum dumps.
But struggling against a proven resistance zone.
Dip is likely, Break-n-Retest means Strong bull.
$84.61-85.24 (red) is the exact zone of concern.
$79.66-80.27 (green) is first strong support below.
$71.71-72.23 (Gold) a double golden major support.
=============================================
Tesla Euphoria to Capitulation and Back AgainOver the past 12 months, Tesla’s price action reads like a three-act drama:
Euphoria (Nov ’24 – Dec ’24)
Rampant Breakout: After a multi-month range, TSLA erupted from low-20s to a peak near $42, driven by record deliveries and renewed growth optimism.
Blue Zone Strength: The blue-shaded sessions on the right highlight a powerful institutional bid, lifting price steadily with few pullbacks.
Capitulation (Jan ’25 – Mar ’25)
Profit Taking & Macro Headwinds: Q4 earnings misses, rising rates, and softer comps triggered a swift retreat. TSLA plunged from $40 to sub-$10 in roughly ten weeks—an 80% drawdown that shook even the most ardent bulls.
Failed Bounce Attempts: Multiple red “S” markers at lower highs underscored sellers’ resolve, hammering out a vicious downtrend.
Accumulation & Base Building (Mar ’25 – May ’25)
Triple Bottom Formation: Notice the three “bottom” labels around $6.13 (the P0 pivot and prior yearly low). Each test showed shrinking volatility and thinner red candles, classic signs of selling exhaustion.
Dynamic Support Holds: The turquoise dots hugging the lows trace TSLA’s dynamic falling-wedge support. By early April, price chopped sideways in a $6–$10 band, consolidating losses.
2. Technical Set-Up: A Coiled Spring
As of today, TSLA has climbed back to $11.34, probing critical pivots:
Near-term Resistance:
Monday’s High (~$11.85) – the first hurdle for bulls. A decisive break above would flip short-term supply into demand.
Dynamic Fib Resistance (~$10.35 & $9.96) – these falling-wedge levels have already been cleared, validating the nascent turn.
Support Floors:
Monday’s Low (~$10.35) – now a springboard for buyers.
Base of the Wedge (~$6.13) – every retest here was met with bids, marking a reliable long-entry zone on deep pullbacks.
Volume & Momentum:
Recent green candles have come on elevated volume relative to March lows, suggesting fresh participation.
The slope of higher lows in the turquoise dynamic support dots indicates improving momentum across daily and 5 m timeframes.
3. Market Sentiment & Catalysts
Earnings & Guidance: With Tesla’s Q1 numbers due in the next two weeks, earnings season could be the spark that sends TSLA either flying through $12 or knocking it back to the wedge.
Macro Backdrop:
Rate Outlook: Any dovish pivot from the Fed could flood liquidity back into “growth-at-a-reasonable-price” names like TSLA.
EV Adoption Narrative: New model announcements or manufacturing milestones (e.g., Cybertruck ramp) would reinforce the long thesis.
4. Strategic Takeaways
Aggressive Players: A break and close above $11.85–$12.00 on daily charts could be used as a fresh long trigger, targeting $14 (year-open pivot) and then $18–$20 as institutional accumulation zones.
Risk-Managed Entries:
Pullback Buyers: A retrace to the former Monday low (~$10.35) is a lower-risk entry with a stop just under $9.95 (the next dynamic fib level).
Option Plays: For defined risk, out-of-the-money calls near $12 expiring in 4–6 weeks may capture an earnings-driven surge.
Defensive Stance: If price fails at $11.85 and closes back below $10.35, the pattern risks returning to the base at $8–$9, so profits should be booked or stops widened accordingly.
5. Conclusion: Coiled for a Move
After the brutal drawdown earlier this year, Tesla’s chart now portrays a textbook falling-wedge resolution into a higher-low base, punctuated by multiple “bottom” labels and dynamic support tests. Approaching the $12 threshold, the stock is coiled like a spring: either it unleashes into a new leg up toward $14+ on strong participation, or it reverses into a tighter range, offering fresh long entries nearer $10.
In short: TSLA’s journey from euphoria to despair and through disciplined accumulation has set the stage for its next directional verdict. Watch $11.85–$12.00—and manage risk around the former week’s pivots—to navigate what could be a decisive inflection in Tesla’s 2025 saga.
Weekly $SPY / $SPX Scenarios for May 12–16, 2025 🔮 Weekly AMEX:SPY / SP:SPX Scenarios for May 12–16, 2025 🔮
🌍 Market-Moving News 🌍
📊 Inflation and Retail Sales Data in Focus
Investors are closely watching this week's release of the Consumer Price Index (CPI) on Tuesday and Retail Sales data on Thursday. These reports will provide insight into inflation trends and consumer spending amid ongoing tariff concerns.
🤝 U.S.-China Trade Talks Resume
High-level trade discussions between the U.S. and China are set to continue this week in Switzerland. The outcome of these talks could significantly impact global markets and investor sentiment.
💼 Key Corporate Earnings Reports
Major companies including Walmart ( NYSE:WMT ), Cisco ( NASDAQ:CSCO ), Applied Materials ( NASDAQ:AMAT ), and Take-Two Interactive ( NASDAQ:TTWO ) are scheduled to report earnings this week. These reports will offer insights into consumer behavior and the tech sector's performance.
🏦 Federal Reserve Speeches
Federal Reserve Chair Jerome Powell is scheduled to speak on Thursday, with other Fed officials also making appearances throughout the week. Their comments will be analyzed for indications of future monetary policy directions.
📊 Key Data Releases 📊
📅 Monday, May 12:
No major economic data scheduled.
📅 Tuesday, May 13:
8:30 AM ET: Consumer Price Index (CPI) for April
📅 Wednesday, May 14:
10:30 AM ET: EIA Crude Oil Inventory Report
📅 Thursday, May 15:
8:30 AM ET: Retail Sales for April
8:30 AM ET: Producer Price Index (PPI) for April
8:30 AM ET: Initial Jobless Claims
9:15 AM ET: Industrial Production and Capacity Utilization
10:00 AM ET: Business Inventories
2:00 PM ET: Federal Reserve Chair Jerome Powell speaks
📅 Friday, May 16:
8:30 AM ET: Housing Starts and Building Permits for April
10:00 AM ET: University of Michigan Consumer Sentiment Index (Preliminary) for May
S&P Global
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Worst is behind for QQQ and SPXA textbook Bear flag with proper breakdown and reached the target.
Now the market is ranging to decide where to go. Whatever the price action will be, there will be suitable news on TV afterwards don't worry.
Looking purely at the charts, QQQ should recover between 488-510 area.
The two big volume days at the end of the pattern target convinced me we are on the way up for now, whether its a trap or not remains to be seen.
Cheers
SPY My Opinion! SELL!
My dear friends,
Please, find my technical outlook for SPY below:
The price is coiling around a solid key level - 564.32
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 539.96
Safe Stop Loss - 577.94
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
QQQ: Bearish Continuation & Short Trade
QQQ
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short QQQ
Entry - 488.06
Sl - 502.54
Tp - 461.77
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
SPY weekly thoughts for May 12th - 16th. Trump Pump?What’s up traders — this is my first idea post here on TradingView, and I’m hyped to finally share something with the community. In this breakdown, I’ll be covering a few key areas I’m watching:
🟩 Support zones
📉 Resistance levels
🕯️ Weekly candle behaviour
🌍 Macro outlook and possible catalysts
📌 Important notes
⚠️ My current bias
Let’s jump in:
🟩 Support Zones:
Buyers are still showing up strong in that $505–$507 range(I highly doubt their orders will get filled lol). it had been a reliable bounce zone — we’ve seen repeated wicks rejecting that level and price snapping back VERY quickly.
Above that, $550 has developed into a new area of support, and right now that’s my main level to watch. If that gives out, I expect we’ll head back down to test the $507 zone again. But for now, bulls are doing their job.
📉 Resistance
SPY keeps getting stuck around $573–$575. That zone’s been tested a few times now, but buyers haven’t been able to push it through. Sellers are stepping in there almost every time.
🕯️ Weekly Candle Context
That’s three straight weekly closes below resistance. Bulls get some momentum mid-week, but by Friday, sellers take over. It’s showing signs of a stall — like the market’s running out of gas near the top.
🌍 Macro Outlook – What Could Move Things
There’s been some talk of softer trade discussions and early negotiations with China. If any of that turns into a real deal, it could be the spark SPY needs to finally break above resistance.
But on the flip side — if Trump starts pushing new tariffs (even smaller ones), those moves tend to hold stocks back, especially in tech.
So the big question is:
Can SPY hit new highs if tech keeps cooling off and there’s pressure from new trade policy?
That’s the tug-of-war right now — possible upside from improving global relations, but real downside risk from political decisions.
📌 Things I’m Watching:
A weekly close above $575 would shift me to a bullish bias.
If we lose $550, I’ll be watching closely to see how price behaves near $507.
⚠️ Current Bias
Right now I’m FAIRLY neutral with a slight bullish lean, but very excited for this next weekly candle.
The macro setup looks like it could support a move higher, but I’m staying decently cautious until we get a clear weekly breakout(+575) and close above resistance.
Let me know what you think — and if you’re watching the same levels.