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What happened today in the market?What happened today in the market? At the beginning of the week, we knew that Friday would be one of the most important days of the month, as the unemployment rate report would be published, among other indicators. The result was favorable; the current rate stands at 4.1%, better than the forecast of 4.2% and the previous figure also at 4.2%. Additionally, news regarding the possibility of an agreement on the strikes at the most important ports in the U.S. contributed to an optimistic atmosphere. Before the market opened, the indices surged upward. However, in the pre-market, we observed a particular behavior in the main ETFs, such as AMEX:SPY and $QQQ. In the case of NASDAQ:TQQQ , there was a price interruption of approximately $6 in $QQQ. This type of movement can leave many investors trapped due to the previous session's closures since they had open positions. Despite the positive report and the overall optimistic sentiment, at the market's opening, the price remained sideways for about 25 minutes, during which many investors decided to take profits. This resulted in a pullback that wiped out the pre-market gains. However, after that drop, the chart showed notable respect for the 61.8% Fibonacci retracement level, considered one of the most relevant levels. By respecting this level, the market experienced a new bullish impulse, better assimilating the profit-taking.
NASDAQ:TQQQ
by Mariofxtr
$TLT Crash BottomWe have an extremely strange set of circumstances where the "Fed" is "Cutting Rates" and has promised and said to have "delivered" a soft Landing. All the while the number one contributing factor to inflation is Wage Inflation. This unchecked wage inflation has caused the federal reserve in essence to shit their pants and all but acknowledge that inflation has gone hyper-inflationary. On the back of supremely strong and might I add "Faked" jobs numbers the market rallied at the same time the 10 year yield shot through the fucking roof. Combine this with the fact that the Vix futures were pre-imminently disconnected from the Vix as a smokescreen. All of this amounts to a fundamental paradigm shift in economic policy that is shifting fast toward an un-backed dollar. This new world order seeks to control the population through the most cost effective means possible. It is for this reason alone we will witness any and all government bonds for the first time in history going negative. No they will not be paying interest on these bonds they owe to other nations. They will be avoiding payments before the great "Collapse". America all the sudden; is a 3rd world nation. With a populous, one nation under slavery. With liberty and Justice for none. .
NASDAQ:TLTShort
by Midgar-
28
It's finally here... After four challenging years, TLT is making a strong return. The key resistance level to watch is $100.00 or 50 EMA which can act as support or resistance. If we can break through this barrier, there's a strong possibility of reaching all-time highs within the next 12 months. This potential is fueled by expected interest rate cuts, which could significantly benefit TLT. First, rate cuts would likely increase bond prices, boosting TLT's net asset value. Second, lower future yield expectations could drive investors to seek the stability and income that long-term bonds offer, further increasing demand. Finally, in times of economic uncertainty , investors often turn to long-term Treasuries as a safe haven, making TLT an attractive choice in a low-rate environment.
NASDAQ:TLT
by FlyingWiener69
6
$SPY $SPX seems like primed for a mega downfallNot trading advice. But seems that based on the chart's historical data and the visual analysis of trend lines, we are at a critical peak in the SPY's price trajectory. The exponential rise seen over the last several years has positioned the market near the upper bounds of a well-established channel, suggesting that upside potential may be severely limited from here. Additionally, the convergence of multiple support and resistance levels signals a potential reversal. Given the extended nature of this current bull run and past cyclical patterns, a sharp downturn seems imminent. This would align with the broader historical trends, where market euphoria peaks before significant corrections, as the price action appears overextended relative to long-term support levels. The likelihood of reversion to the mean, as evidenced by previous corrections at similar junctures, strengthens the case for an impending downturn, which could be substantial given the current inflated levels. SP:SPX AMEX:SPY
AMEX:SPYShort
by dark131313
Opening (IRA): USO Nov 15th 63 Covered Call... for a 61.27 debit. Comments: Adding to my USO position at strikes better than what I currently have on (the Nov 15th 67's and the Dec 20th 69's). Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 61.27/share Max Profit: 1.73 ($173) ROC at Max: 2.82% 50% Max: .87 ($87) ROC at 50% Max: 1.41% Will generally look to take profit at 50% max, roll out short call on side test.
AMEX:USOLong
by NaughtyPines
"SILVER" COULD BE THE NEXT GOLD!!!Hello everyone, I hope you are all doing well. Previously, I had shared my analysis on the price rise of gold. In case you missed it, I would like to share some new opportunities with you. The chart indicates a very bullish trend with 1 leg, 2 legs, and a positive RSI and MACD in monthly and yearly time frames. Silver is about to explode in price, with the first target being $40, which is a 60% increase. The next targets are $60 and $70. I will keep you updated on this in the future. Thank you for your attention. (This is a midterm analysis 6 months to 1.5 years) TVC:SILVER MCX:SILVER1! CAPITALCOM:SILVER FX:XAGUSD OANDA:XAGUSD FOREXCOM:XAGUSD Caution: Before executing a trade, consider the risk/reward ratio and implement proper risk management techniques based on your total investment amount. Disclaimer: This information or service is for informational purposes only and is not intended to be personal financial advice
AMEX:SLVLong
by sepehr_sanjar
SPY/QQQ Plan Your Trade For 10-4 :Up-Down-Up Pattern (Counter)Today's pattern is an Up-Down-Up in Counter Trend mode. Thus, I expect to see and Dn-Up-Dn pattern today. This pattern reflects today and the previous two days - as Down - Up - Down in range. Overall, I expect today to be rather muted in terms of total range. Price should stay muted, sideways and drift downward overall. Additionally, I believe the markets will be attempting to settle into support headed into dual base/bottom/momentum rally patterns setting up this weekend. I believe these patterns reflect a momentum shift that will launch the markets upward next week. Gold and Silver will melt-upward today - likely attempt to settle the week near weekly highs. BTCUSD is struggling to start forming a base near the 59k-20k levels. It will likely take 4-5 days for BTCUSD to actually build enough momentum to roll out of this basing pattern. So, today is a day to prepare for the weekend and for next week's trading activity. Sit back and take it easy today as price settles into the weekend's shifting momentum. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
Double Bottom Breakout on NETFSILVEROverview: The chart for NETFSILVER (Nippon India ETF) is showing a classic Double Bottom pattern, a bullish reversal signal that suggests a potential upward move. This pattern emerged after a period of consolidation near the ₹78.52 support zone, followed by two distinct troughs, marked as Bottom 1 and Bottom 2 on the chart. Key Technical Highlights: Double Bottom Pattern: The stock has formed two troughs, with the second bottom being slightly higher, indicating a diminishing selling pressure. The neckline (or resistance) has been breached at the ₹86.26 level, confirming the pattern's validity. Target Price Projection: Based on the height of the double bottom pattern, the projected upside target can be estimated by measuring the distance between the neckline and the bottoms. This gives a potential target of ₹93.10, which is approximately 7.9% higher from the breakout level. Key Levels to Watch: Support : ₹78.52 (strong support zone, where the stock bounced twice) Immediate Resistance : ₹90.20 (prior peak resistance) Target : ₹93.10 (measured move based on the pattern's height) Volume Analysis : The breakout occurred with a noticeable increase in trading volume, confirming the validity of the breakout. This suggests strong buying interest around the ₹82.15 to ₹86.26 levels. RSI Momentum: The RSI is currently hovering around 62.77, indicating bullish momentum without being overbought. There’s still room for further upside before the RSI hits the overbought zone. Conclusion: With the successful breakout above the neckline at ₹86.26, the stock is positioned for an upward move towards ₹90.20 and ultimately ₹93.10. The increased volume and positive RSI divergence support the potential continuation of this rally. Traders should keep an eye on the volume and momentum to ensure that the breakout sustains.
NSE:SILVERBEESLong
by AngshumanSaikia
$IWM Analysis, Key Levels & Targets - Recap of Oct. 3rdAMEX:IWM Analysis, Key Levels & Targets Ok. This was the setup from Last night’s video and the outcome. We gapped down, dropped to the 50DMA and then we traded between the 1hr 200MA and the 50DMA (2hr 200MA) I will do a more detailed review over the weekend on the video but I didn’t get to it tonight. So Monday we gapped down, Tuesday we got the bearish cross in the MA’s, and then gap down Thursday. We did stay within the implied move for the day. Wow, what a beautiful chart though. I have so much I would say right now if I was recording a video rn. OK… tomorrow’s trading range will be out in just a bit. 💃🏻
AMEX:IWM
by SPYder_QQQueen_Trading