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SPY Covered Call To-DateI originally entered an SPY Covered Call to experience chasing an ITM call higher in SPY. Originally buying SPY at $521.59 and selling 500 call was for max protection against any near term drops. The original Max gain of $2.85/share translated into 0.18% gain per week against the $497.15 cash capital required to take the trade. Currently, with two dividends distributed, the trade is surprisingly still a 0.17% per week max gain trade, which translates to 8.86% per year. SPY would fall almost 12% by 2/28/25 and I still make max gain of .17% per week. And a 17% fall in SPY would be required to wipe out all gains for this trade.
AMEX:SPY
by oldinvestor
Hey Spy Lovers check this Candlestick Scenarios for future move I suspect it’s time for a good pullback. As we can see, the price continues to fluctuate within the ascending channel, but there are two scenarios I anticipate where a pullback might occur in the coming days. Note: Every pullback is simply a very natural price movement. This does not mean that we are in a bearish market at the moment. If the overall structure is bullish, pullbacks are just part of the cyclical nature of price movement. Here are two potential scenarios in case the price decides to make this natural pullback: Scenario 1: If you compare the two types of candles I marked on the left, notice how the candle patterns have more volumetric, medium-sized bodies than the other. This indicates strength; however, we are not exempt from a natural pullback, which, to complete a trending cycle, broke the structure itself to the upside. Scenario 2: Let’s assume the price becomes quite exhausted and begins the pullback I am anticipating. I have marked two zones of great importance where the price will most likely rebound: First Pullback Zone (equivalent to a block order): Notice how, coincidentally, this zone touches the support of my ascending channel. Coincidence? Second Rest or Pause Zone: This zone must be considered because if there is a structural break, the price may drop lower to this point. Note: The overall structure remains bullish unless a lower structure or demand zone is broken, Until then, we can only consider pullbacks and impulses as part of the price cycle in its upward movement. Thank you for supporting my analysis. TRADE SAFE!
AMEX:SPYShort
by RocketMike111
ETHA | Ethereum RoadmapWhat is the Blue Box? The Blue Box represents a carefully identified price range where ETHA's price is likely to exhibit significant reactions. These reactions could result in reversals, consolidations, or breakout opportunities. This zone is identified using technical analysis tools such as historical support/resistance levels, Fibonacci retracements, and institutional trading patterns. Why Focus on the Blue Box? High Probability Zone: The Blue Box often represents a confluence of factors, making it a high-probability area for price action to react. Key Decision Area: Traders and institutions typically place orders near these zones, leading to volatility and actionable setups. ETF-Specific Behavior: As ETHA is tied to Ethereum's performance, its reaction within these zones often correlates with broader market sentiment for Ethereum. Defining the Blue Box for ETHA Price Context: Identify recent swing highs and lows on the ETHA chart. Use these levels to anchor a Fibonacci retracement, focusing on 0.618–0.786 or 0.5–0.618 zones. Volume Clusters: Check for volume spikes or gaps in the volume profile that align with the box's range. Market Dynamics: Consider news or macroeconomic factors affecting Ethereum or ETF flows, as these can amplify reactions in the Blue Box. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas
NASDAQ:ETHALong
by XU99
1
SPY Buyers In Panic! SELL! My dear friends, SPY looks like it will make a good move, and here are the details: The market is trading on 607.88 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 596.88 Recommended Stop Loss - 614.33 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
AMEX:SPYShort
by AnabelSignals
5
QQQ The Target Is DOWN! SELL! My dear subscribers, QQQ looks like it will make a good move, and here are the details: The market is trading on 526.54 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 515.69 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
2
Testing Candlestick Patterns on Real DataIn his fundamental book "Encyclopedia of Candlestick Charts," Thomas Bulkowski tested dozens of candlestick patterns using S&P market data. His research revealed that many well-known patterns perform quite differently from what conventional wisdom suggests. In this video, I’ll show you how to conduct a similar analysis using your own data to determine whether those fancy "Hammers" and "Shooting Stars" actually give you an edge in trading.
AMEX:SPYEducation
by hermes_trisme
SPY Analysis 12/06/24Key Observations on the Price Action (SPY): Trend and Price Context: - SPY is trading near its all-time high of $607.88, with the post-market price at $607.84. While price action remains bullish overall, the grey MACD histogram suggests bearish momentum is building, indicating potential weakness or divergence. Support and Resistance: - The white horizontal line at 600 remains a critical support level, representing prior resistance that could act as a buying zone if SPY pulls back. - A breakout above $607.88 would signify renewed bullish strength and continuation to new highs. Moving Averages: - The 50-day MA (blue line) continues to slope upward, providing a general trend guide but not acting as dynamic support since price hasn’t recently interacted with it. - The 200-day MA (magenta line) remains far below the current price, confirming long-term bullish momentum. Indicator Observations: MACD Histogram (Background): - The grey histogram indicates bearish momentum, suggesting a potential divergence from the strong price trend. This could be an early warning of a pullback or consolidation. RSI (Gray Line): - RSI remains above 50, confirming overall bullish momentum but does not yet indicate overbought conditions. ADX and DMI (White, Blue, Magenta Lines): - ADX (32.75) reflects moderate trend strength. While the trend is intact, the ADX level suggests it is not overly dominant, leaving room for potential retracement. - DI+ (Blue Line) is still above DI- (Magenta Line), indicating buyers remain in control for now, despite the bearish MACD signal. Key Scenarios to Watch: Bearish Divergence (MACD vs. Price): - The grey MACD histogram reflects bearish momentum that diverges from the bullish price trend. This could signal slowing momentum or a potential short-term pullback. Critical Support at $600: - A pullback to the 600 level could confirm a healthy retracement within the broader uptrend. If this level fails, it could open the door for deeper corrections toward the 50-day MA or lower support zones. Breakout Potential at $607.88: - A strong breakout above the all-time high would likely negate the bearish MACD signal, especially if accompanied by increased volume and rising momentum indicators. Conclusion: - While SPY remains in a strong uptrend near its all-time high, the grey MACD histogram introduces caution, signaling that bearish momentum may be building despite bullish price action. A pullback to $600 is possible and could provide an opportunity for buyers to step in, as long as this support level holds. Trading Implications: For Bulls: Monitor price action at $607.88 for a breakout or wait for a pullback to $600 for potential re-entry. Keep an eye on the MACD histogram to see if bearish momentum persists or reverses. For Bears: Use the bearish MACD signal as an early warning for a potential retracement. A breakdown below $600 could signal deeper downside potential. SPY is at a pivotal moment. While the trend remains intact, the bearish MACD histogram demands caution and suggests the need to carefully watch support levels and momentum changes.
AMEX:SPY
by maybethatguy
Macroeconomic History Tells Us Rough Times Are AheadIn 2023, I did a write up on TradingView about how there is a positive correlation between interest rates and equities, meaning that equites tend to decrease when interest rates decrease. However, correlation does not equal causation. The real correlation is between poor economic data and the stock market, where the poor economic data spurs interest rate cuts and causes a fall in equities. The recent surprisingly bad July jobs report jolted the markets, and reasonably so. The Fed decided to hold interest rates steady in July, causing some to think that they may be behind the curve. Not to mention the Sahm Rule flashed positive; an economic observation that has never been wrong in being a precursor to a recession. fred.stlouisfed.org I am of the party that the Fed is behind the curve In the past, Jerome Powell has stated that he doesn't expect a "severe" recession, and that there could be a "softish" landing, hinting at the difficulties that the Fed faced in preventing a recession altogether. I believe that the stock market will continue to fall, mixed with large rallies (which will make buying the bottom difficult), and I think this will play out for many months. So what's my plan? I sold my LEAPS before the poor jobs market data was released, saving my bacon to be honest. I sold my HOOD profits as well, as I had made a 100% return. I then took both and dumped the funds into QQQ. I do not hold cash in case I am wrong. I would rather be wrong and invested than wrong and sitting on cash. I plan on waiting until the Q's drop another 20% or so before buying LEAPS. Typically, I advise only to put 10% into LEAPS, but this could be a rare opportunity where risk on could pay of in a big way. When I do decide to jump in, I will buy LEAPS with expirations two years out. I want to give them the longest time frame possible because I know I won't be able to time the bottom perfectly. The real risk is waiting too long Wait too long, and I miss a big opportunity. However, being exposed to equities, I'll still ride the wave up. If I'm wrong altogether, I'm still invested in equities and will ride the wave up. I will still be somewhat hesitant to invest into LEAPS through this rate cutting cycle considering history warns against leveraging into QE. Thank you for coming to my Ted Talk. InTheMoney
NASDAQ:QQQShort
by InTheMoneyAdam
2
ARKK potential Breakout to 66 - 70s before new year !After an impressive climb, ARKK’s price has paused near $56.21, forming a classic bull flag pattern. This is a textbook signal: a strong initial rally followed by sideways consolidation, often hinting at continuation in the direction of the previous trend. The trendlines reveal the ETF is compressing, building energy like a coiled spring. The moving averages are lined up perfectly for bulls. The short-term yellow moving average is trending well above the long-term blue one, confirming the strength of the upward momentum. This tells us the battle-tested bulls are still in control, with the bears retreating to lower ground. The RSI is sitting at 70.14, signaling strength. While some might see it as "overbought," seasoned traders know this is where momentum players thrive. The ETF’s ability to hold this level without significant pullbacks shows strong buying interest from institutions and retail traders alike. It’s like a crowd gathering behind the archer, ready to release the bowstring. The MACD histogram is glowing green, reinforcing the narrative that buyers are still active. As the histogram bars hold steady, there’s no sign yet of the bears staging a comeback. At this point, ARKK is testing the $58.38 resistance level, a successful breakout could launch ARKK toward its next resistance levels at $61.85 and $67.20, offering a significant upside for traders who act decisively. Target Levels: First target: $61.85 Second target: $67.20 Stop-Loss: Place a stop-loss just below $52.32 , the key support zone, to protect against sudden reversals. As an options trader, I’ve entered the following positions: ARKK December 20, 2024, $70 call at a premium of $0.12 (open). ARKK December 20, 2024, $66 call at a premium of $0.24 (open).
AMEX:ARKKLong
by EssieQuantumTrader
SPY Pullback in an Ascending Channel. Dec 6, 2024SPY continues to respect an ascending channel but is currently pulling back from the upper boundary. The price action suggests a potential for further retracement or a bounce from support levels. With increasing selling momentum, tomorrow's session will be key to determining whether SPY maintains its bullish structure or breaks down. Here’s a detailed analysis and playbook for scalpers and swing traders. Market Structure Overview: * Trend: SPY remains in a bullish uptrend, trading within a clean ascending channel. The pullback, however, suggests short-term weakness. * Current Price Action: * The price has dropped below $606.22 and is heading toward the midline of the channel. * Selling volume is increasing, signaling bearish momentum in the short term. Key Levels to Watch: * Resistance: * $608.48: Immediate resistance at the recent high. * $612: Upper channel boundary, acting as strong resistance. * Support: * $602.43: First level of support, aligned with previous consolidation. * $597.32: Major horizontal support and the lower boundary of the channel. * $594.15: Critical support level if the channel breaks down. Liquidity Zones & Order Blocks: * Liquidity Zones: * Significant liquidity is below $602.43, with stops likely clustered near $600-$598. * Order Blocks: * Bullish OB: Between $597-$600, aligning with the lower channel boundary. * Bearish OB: Near $608-$610, where selling pressure has emerged. MACD & Volume Analysis: * MACD: Shows bearish momentum as the MACD line crosses below the signal line, indicating potential for further downside. * Volume: Selling volume is increasing, confirming the pullback, but watch for volume spikes near key support zones. My Thoughts on Tomorrow’s Direction: Tomorrow’s session will depend heavily on how SPY interacts with the $602-$597 support zone. Here’s what I expect: 1. Bullish Scenario: * If SPY holds above $602 and we see buying volume during the pre-market or early trading session, expect a bounce back toward $606-$608. A break above $608 could lead to a retest of the $612 upper channel resistance. * Catalysts such as positive economic data or strong tech sector performance could trigger this move. 2. Bearish Scenario: * If SPY fails to hold $602 and breaks below $600, we could see accelerated selling toward $597 and potentially $594. * Watch for increasing bearish volume and rejection near $602 on intraday tests to confirm a further move lower. 3. Key Indicator to Watch: * Volume: Rising bullish volume near $602 would signal a potential reversal. Conversely, increasing bearish volume below $602 could confirm further downside. Scalping Strategy: * Entry: * Long scalps at $602-$603 if the price shows signs of holding the support level. * Short scalps at $606-$608 if price rejects resistance again. * Exit: * For longs, take profits near $605-$606. * For shorts, target $600-$598. * Stop-Loss: * For longs: Below $600. * For shorts: Above $608.50. Swing Trading Strategy: * Bullish Play: * Wait for a bounce at $597-$600 support zone and enter long. Target $608, then $612 if momentum resumes. * Bearish Play: * If SPY fails to reclaim $606 convincingly, consider shorting with targets at $597 or lower. * Stop-Loss: * For longs: Below $597. * For shorts: Above $608. Game Plan for SPY Trading: 1. Pre-Market Prep: * Monitor overnight futures to gauge sentiment. * Mark $606 (resistance) and $597 (support) for intraday reactions. 2. Market Open Strategy: * Observe the first 15-30 minutes to confirm direction. * Look for rejection or bounce at key levels before entering trades. 3. Intraday Execution: * Use the ascending channel to guide entries and exits. * Keep a close eye on volume spikes for confirmation. 4. End of Day: * Close intraday positions and reassess swing setups based on the closing structure. Disclaimer: This analysis is for educational purposes only and is not financial advice. Always conduct your own research and trade responsibly.
AMEX:SPY
by BullBearInsights
SPY, QQQ and a bit of BTC Hey guys, I haven't been posting much this year and its mostly because I hate bull markets haha. My resolution for new years is to be more engaged next year. In this post I am just going over my thoughts and analysis for the short term on the week. My EOY outlook is pretty much a continuation to the upside. January will be the make or break month. We really should see selling starting then. But we can reassess it when January comes around. Sorry for the rambling and hopefully you find this somewhat helpful. Feel free to leave your questions below and as always, safe trades!
AMEX:SPY
by Steversteves
4