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$SPY hold of $580-588 region sets up long to $614-630AMEX:SPY looks like it's formed a low for the short term when it failed the H&S pattern. From here, I think it's likely that we fall back into the $580-588 to scare everyone into thinking there's more downside, but if that region holds, it'll set up a trigger long all the way up to the $614-$630 region. I think the move higher should play out by mid-February (again if that $580-588 region holds). If it fails, then we're looking back down at the lower support level $545. If we do end up going higher, I think that $630 region will be the short term top and it'll set up a move down to $545 before we move higher.
AMEX:SPYLong
by benjihyam
16
QQQ Trade IdeaLong and short trade ideas for QQQ. Hard to tell where price is going in the short term, so avoiding swing trades for now. Long Trade Idea Entry: Below previous high and a 1.618 Fibonacci level. Target: A past day's 1.618 Fibonacci level Short Trade Idea Entry: Above the channel drawn on the Daily chart Target: Past day's 1.618 Fibonacci level. Exact entry and targets are based on price action. I do not set limit orders. KEY: -White Horizonal Lines: Support/resistance level. -Green Horizontal Lines: 1.618 Fibonacci level from a previous day
NASDAQ:QQQ
by PennantTrading
SPY/QQQ Plan Your Trade Update For 1-21-25 : Cycle Top FormationThis video highlights my cycle research and why I believe the US markets are very close to a market top right now. My research suggests the US markets would rally into the Inauguration and reach a peak near Jan 20-22. I believe the markets are very close to a market top right now, and there is limited opportunity to the upside currently. I believe there is a bigger opportunity for a pullback in the SPY target 578 to 585 (roughly), where I believe the SPY will find support. Gold & Silver should continue to price in additional risks and rally over the next 3+ weeks. I believe Gold will target $2880, then stall a bit before rallying up above $3000. Silver should target $33.50 to $34.25 at the same time. Bitcoin continues to be range-bound. At this time, I believe the most logical outcome for BTCUSD is a breakdown attempt until the US settles on deregulation policies. Let's see how this plays out over the next few days/weeks. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
1
MSTZ (UP) MSTR (DOWN).....turnaround We know that MSTR hot air balloon is the lovely for many so I don't want to break too many hearts! Buying millions of digital coins with debt (from speculators) with little to no fundamentals gives rise to a lot of hot air (given the presidential race etc.), but at some point the Champgne bubbles will disappear!! Here comes MSTZ (inverse)...very nice price at the moment, before the bubble bursts. You have been warned and hope many can take advantage of this.... Best of luck and always do your own due diligence!
CBOE:MSTZLong
by antonini2002
$QQQ Analysis, Key Levels & Targets for Today & Tomorrow We got smacked here by the top of the channel. I will dive much more deeply into these levels on tonight's video, but for now we at least have them for the day. Things to Watch this Week: Earnings Reports: Major companies like Netflix (NFLX), Johnson & Johnson (JNJ), Procter & Gamble (PG), United Airlines (UAL), General Electric (GE), Alaska Air (ALK), American Airlines (AAL), CSX Corporation (CSX), Verizon (VZ), HCA Healthcare (HCA), and American Express (AXP) are set to release their earnings. These reports can significantly influence market sentiment and stock prices. Manufacturing PMI: The Purchasing Managers' Index (PMI) for manufacturing will provide insight into the health of the manufacturing sector. A reading above 50 indicates expansion, while below 50 suggests contraction. This data can influence expectations about economic growth and interest rates. Services PMI: Similarly, the Services PMI will give an overview of the service sector's performance. Given the service sector's substantial contribution to the economy, this data is critical for understanding overall economic trends. Home Sales: Data on existing home sales can shed light on consumer confidence and spending in the housing market, which is a major component of economic activity. Changes in home sales can signal shifts in economic health. Jobless Claims: Weekly initial jobless claims numbers are a pulse check on the labor market. Rising claims might indicate economic slowdown, while falling claims suggest job growth and economic strength. Market Volatility: The CBOE Volatility Index (VIX) has been noted to be fluctuating, which might continue this week. Monitoring the VIX can help assess market fear or complacency. Interest Rate Sensitivity: With the Federal Reserve’s actions on interest rates being a focal point, any indication of future policy direction from Fed officials' speeches or economic data releases could sway markets. Look for comments from Fed members or economic reports that might hint at rate adjustments. Sector Performance: Particularly, keep an eye on sectors like Technology (with companies like Nvidia potentially leading AI trends), Health Care, and Consumer Discretionary, which have shown movements or are expected to with upcoming earnings. Global Economic Indicators: International developments, especially from major economies like China or the Eurozone, can impact U.S. markets due to globalization. Look for news on global manufacturing, services, or policy changes that could affect investor sentiment. Geopolitical Events: Although not directly mentioned in recent market summaries, geopolitical tensions or developments, like trade negotiations or conflicts, can influence markets. Keep an ear out for any significant international news that might ripple through financial markets.
NASDAQ:QQQ
by SPYder_QQQueen_Trading
$SPY Today & Tomorrow's Trading RangesWe are above the 50 day moving average the one hour to under moving average and 35 EMA on the 30 minute timeframe and then we have that up gap from last Friday all on the downside of the trading range. At 603 at the top of the implied move today we do have a resistance level, and it was a support in December before we broke down and then it turned into a resistance. We have an island gap underneath the 30 minute tun removing average above the four hour to removing average and just remember they always do fill. It doesn’t have to be this week but it definitely could be so if you’re bar that might be a good place to look to take profits if we do go down. I will dive much more deeply into these levels on tonight's video, but for now we at least have them. Things to Watch this Week: Earnings Reports: Major companies like Netflix (NFLX), Johnson & Johnson (JNJ), Procter & Gamble (PG), United Airlines (UAL), General Electric (GE), Alaska Air (ALK), American Airlines (AAL), CSX Corporation (CSX), Verizon (VZ), HCA Healthcare (HCA), and American Express (AXP) are set to release their earnings. These reports can significantly influence market sentiment and stock prices. Manufacturing PMI: The Purchasing Managers' Index (PMI) for manufacturing will provide insight into the health of the manufacturing sector. A reading above 50 indicates expansion, while below 50 suggests contraction. This data can influence expectations about economic growth and interest rates. Services PMI: Similarly, the Services PMI will give an overview of the service sector's performance. Given the service sector's substantial contribution to the economy, this data is critical for understanding overall economic trends. Home Sales: Data on existing home sales can shed light on consumer confidence and spending in the housing market, which is a major component of economic activity. Changes in home sales can signal shifts in economic health. Jobless Claims: Weekly initial jobless claims numbers are a pulse check on the labor market. Rising claims might indicate economic slowdown, while falling claims suggest job growth and economic strength. Market Volatility: The CBOE Volatility Index (VIX) has been noted to be fluctuating, which might continue this week. Monitoring the VIX can help assess market fear or complacency. Interest Rate Sensitivity: With the Federal Reserve’s actions on interest rates being a focal point, any indication of future policy direction from Fed officials' speeches or economic data releases could sway markets. Look for comments from Fed members or economic reports that might hint at rate adjustments. Sector Performance: Particularly, keep an eye on sectors like Technology (with companies like Nvidia potentially leading AI trends), Health Care, and Consumer Discretionary, which have shown movements or are expected to with upcoming earnings. Global Economic Indicators: International developments, especially from major economies like China or the Eurozone, can impact U.S. markets due to globalization. Look for news on global manufacturing, services, or policy changes that could affect investor sentiment. Geopolitical Events: Although not directly mentioned in recent market summaries, geopolitical tensions or developments, like trade negotiations or conflicts, can influence markets. Keep an ear out for any significant international news that might ripple through financial markets.
AMEX:SPY
by SPYder_QQQueen_Trading
3
$DIA This weeks Trading RangeI will go much deeper into each of these levels on tonight's video but for now we have the weekly levels here. Things to watch this week: Earnings Reports: Major companies like Netflix (NFLX), Johnson & Johnson (JNJ), Procter & Gamble (PG), United Airlines (UAL), General Electric (GE), Alaska Air (ALK), American Airlines (AAL), CSX Corporation (CSX), Verizon (VZ), HCA Healthcare (HCA), and American Express (AXP) are set to release their earnings. These reports can significantly influence market sentiment and stock prices. Manufacturing PMI: The Purchasing Managers' Index (PMI) for manufacturing will provide insight into the health of the manufacturing sector. A reading above 50 indicates expansion, while below 50 suggests contraction. This data can influence expectations about economic growth and interest rates. Services PMI: Similarly, the Services PMI will give an overview of the service sector's performance. Given the service sector's substantial contribution to the economy, this data is critical for understanding overall economic trends. Home Sales: Data on existing home sales can shed light on consumer confidence and spending in the housing market, which is a major component of economic activity. Changes in home sales can signal shifts in economic health. Jobless Claims: Weekly initial jobless claims numbers are a pulse check on the labor market. Rising claims might indicate economic slowdown, while falling claims suggest job growth and economic strength. Market Volatility: The CBOE Volatility Index (VIX) has been noted to be fluctuating, which might continue this week. Monitoring the VIX can help assess market fear or complacency. Interest Rate Sensitivity: With the Federal Reserve’s actions on interest rates being a focal point, any indication of future policy direction from Fed officials' speeches or economic data releases could sway markets. Look for comments from Fed members or economic reports that might hint at rate adjustments. Sector Performance: Particularly, keep an eye on sectors like Technology (with companies like Nvidia potentially leading AI trends), Health Care, and Consumer Discretionary, which have shown movements or are expected to with upcoming earnings. Global Economic Indicators: International developments, especially from major economies like China or the Eurozone, can impact U.S. markets due to globalization. Look for news on global manufacturing, services, or policy changes that could affect investor sentiment. Geopolitical Events: Although not directly mentioned in recent market summaries, geopolitical tensions or developments, like trade negotiations or conflicts, can influence markets. Keep an ear out for any significant international news that might ripple through financial markets.
AMEX:DIA
by SPYder_QQQueen_Trading
SPY/QQQ Plan Your Trade For 1-21 : GAP Breakaway PatternAfter a long weekend, Trump's Inauguration, dozens of Presidential EOs being signed, and the markets searching for direction while nearing my cycle top/peak date (1-20) - I suspect the markets will move into a moderate sideways/topping type of price action over the next 3-4+ days. It makes sense to me, after watching BTCUSD attempt to rally above the $108k level and fail, that we are moving into a post-Inauguration "reality" phase for the markets. Yes, the US markets and economy are still clicking right along. We've seen an incredible rally from the 2022 lows, and I believe the markets may stall into a sideways (megaphone) type of pattern in early 2025. If my research is correct, the process of stabilizing the US economy around Trump's policies and plans will take about 3-4+ months to actually materialize. Yet, at the same time, the US economy is clicking along quite well, and I expect Q1 & Q2 2025 to be well within expectations - unless something massive breaks. So, we are moving into my TOPPING pattern area right now. I strongly suggest traders prepare for a moderate pullback in price starting possibly near 1-23 to 1-24. Until then, I believe the markets will be "seeking a top" - that means trying to rally into resistance. BTCUSD has already reached a peak and is moving into a new EPP pattern. Gold and Silver should attempt to hedge risks and that means metals should attempt to break away from the current FLAGGING formation. Things are about to get very interesting. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY Approaches Key Resistance! Will the Bulls Prevail?Technical Analysis for Trading: 1. Current Market Structure: * SPY is forming a potential descending wedge pattern, which can indicate bullish breakout opportunities if it breaches the upper resistance trendline. * Immediate support is at $590, with resistance near $600, where selling pressure might intensify. 2. Indicators: * MACD: Trending positively but showing signs of weakening momentum as the histogram flattens. * Stochastic RSI: Overbought territory (~70-80), indicating a possible short-term pullback or consolidation. 3. Key Levels: * Resistance: $600 (psychological level), $605 (previous swing high). * Support: $590 (HVL from gamma exposure), $586 (next PUT wall). 4. Scenarios: * Bullish: A break above $600 could drive SPY toward $605-$610. * Bearish: Failure to hold $590 may see SPY retesting $586-$580. GEX Analysis for Option Trading: 1. Gamma Exposure Highlights: * Positive Gamma Resistance: * $600: Highest positive NETGEX, indicating strong call-wall resistance. * Put Walls: * $586: Secondary PUT support. * $584: Key PUT wall, significant downside risk if breached. 2. Option Strategy: * Bullish Setup: Buy $600 Call expiring 1/26, targeting a breakout above $600 with limited risk. * Bearish Setup: Buy $585 Put expiring 1/26 if SPY breaks $590, aiming for a move to $586. 3. IV Insights: * Current IV Rank: 16 (low), making long options relatively affordable. Summary: * SPY faces a pivotal moment at $600. A breakout could see higher targets, while failure could test lower supports. Options strategies should align with directional bias based on intraday price action. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
AMEX:SPY
by BullBearInsights
3
QQQ Approaching Key Resistance! Will It Break Through?Technical Analysis for QQQ * Current Trend: QQQ is forming a descending wedge and consolidating near resistance around $527. The price has been respecting both lower highs and higher lows, indicating potential compression for a breakout or breakdown. * MACD: Shows mild bullish momentum but a potential for reversal if a breakout fails. * Stochastic RSI: Currently in overbought territory, signaling possible short-term cooling or retracement. Key Levels to Watch * Resistance: $527 (current resistance and highest positive GEX call wall), $530 (next resistance level). * Support: $513 (HVL level), $500 (PUT support wall). Gamma Exposure (GEX) Insights * Highest Positive GEX: $527. This is the significant resistance where large call option interests may act as a barrier. * PUT Support: $500, showing strong hedging interest below this level. * IVR/IVX: IVR is 14.9, indicating low implied volatility relative to its historical range. This suggests lower premiums and less aggressive movement expected in the near term. Option Strategy * Bullish: * Consider 527C (Calls) expiring 1/26 if price breaks above $527 and holds. * Target: $530, Stop Loss: Below $524. * Bearish: * Consider 525P (Puts) expiring 1/26 if the price rejects $527. * Target: $513, Stop Loss: Above $528. Scenarios for Tomorrow 1. Breakout: If QQQ breaks above $527 and sustains, expect a test of $530 and potentially $532 in the short term. 2. Rejection: A failure at $527 may lead to a pullback to $513 and further downside toward $500. Conclusion QQQ is at a pivotal resistance zone with potential for a strong move either way. Keep an eye on $527 and monitor the reaction to decide the next steps. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and trade responsibly.
NASDAQ:QQQ
by BullBearInsights
IWM Testing Key Resistance! Potential Breakout or Reversal AheadMarket Structure: * Trend: IWM is in a short-term consolidation phase within a descending wedge pattern, suggesting a potential breakout setup. Price is hovering near the upper trendline resistance. * Key Resistance: $227.09, marked by the highest positive NETGEX/Call Resistance. * Support Levels: $224.00 (local support), $213.97 (major swing low). Momentum Indicators: * MACD: Showing mild bearish divergence, indicating a potential slowdown in momentum. * Stochastic RSI: Currently trending lower from overbought levels, suggesting a potential pullback. Volume Analysis: * Volume is decreasing near resistance, which might indicate indecision among traders or a possible breakout awaiting stronger catalysts. Gamma Exposure (GEX) Insights for IWM Options Key GEX Levels: * Major Call Wall: $227.00 (36% GEX concentration). * Major Put Wall: $217.00 (1.05% GEX concentration). Options Setup: * Bullish Play: * Buy Call: Strike $227, Expiry Jan 26. * Target: $230, with stop loss at $224. * Rationale: A breakout above $227 could lead to a test of $230, supported by strong call GEX levels. * Bearish Play: * Buy Put: Strike $225, Expiry Jan 26. * Target: $222, with stop loss at $228. * Rationale: Failure to break $227 could lead to a retracement toward $222, aligning with descending wedge support. Risk Management: * Keep position size small given the wedge pattern's potential for high volatility. * Monitor price action closely near $227 for confirmation of breakout or rejection. Actionable Suggestions: * Breakout Traders: Wait for a confirmed close above $227 with volume before entering long. * Reversal Traders: Watch for rejection at $227 and signs of selling pressure to go short. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your research and trade responsibly.
AMEX:IWM
by BullBearInsights