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SpyADP and Minutes out tomorrow... I'm thinking a pop if ADP comes in good followed by a mid day flush with a hawk minutes H&S maybe but I've connected some supporting trends If 576-580 holds then This H&S will turn into a Wedge triangle Zoom in at the last 2 day price action Small broadening wedge is forming here in white. If we pop tomorrow I'm looking at 592 resistance and over that 593.50 50sma 594 (21ema). So I'm looking for a bounce between 592-594 before a reject If we gap down then this broadening wedge is negated And this H&S shoulder plays out to 580 Weekly chart with 21ema.. Weekly 21ema is a 580 Wedge trendline is at 580 Price action support is at 580 U have to be very nimble bear here They will fight hard to keep the weekly 21ema.. they may dip to 576 to close gap then push back above and leave you trapped.. If price closes the week below 576-580.. then 566 is next up. I will update into the weekend...
AMEX:SPYShort
by ContraryTrader
9
Spy Technical Analysis - Jan. 81-Hour Chart Analysis (Trading Perspective): * Trendline Resistance and Support: The downtrend is intact with visible resistance at key levels such as $594 and $596. The price is hovering close to the critical support at $589. * Volume and Momentum: Declining volume on bounces indicates weaker buying interest. MACD shows a bearish crossover, signaling negative momentum. Stochastic RSI shows oversold conditions, suggesting a potential short-term bounce but remains within the downtrend. * Immediate Levels to Watch: * Resistance: $594, $596 * Support: $589, $585 * Trading Strategy: * If SPY breaks above $594, it may test $596. * A break below $589 can open further downside toward $585. Gamma Exposure (GEX) Insights (Options Perspective): * Call Walls: Major call resistance is at $596, acting as a psychological and technical barrier. * Put Walls: Strong put support lies at $585, signaling hedging activity from market participants. * Gamma Flip Zone: Neutral zone remains around $589-$590 where market makers might shift their positioning based on the directional bias. * Market Sentiment: The net GEX indicates bearish sentiment with -72.7%, reflecting dominance of put contracts over calls. * Options Strategy: * For a bearish bias, consider puts below $589 with a target near $585. * For bullish reversals, calls can be played above $594 targeting $596. Conclusion: SPY remains in a short-term bearish trend within a broader consolidation. Watch for decisive breaks of $594 or $589 to determine the next directional move. The current GEX data reinforces bearish pressure, but oversold technical indicators suggest caution for shorts near support levels. Maintain a tight stop-loss and adjust strategies based on volume and price action confirmation.
AMEX:SPY
by BullBearInsights
4
SPY: Week of Jan 6thHey everyone, As promised, getting back into the grove of posting analyses. I was going to cover other tickers but I ran a little long. People have told me that they have learned a lot from me so I wanted to take time to explain how to identify things clearly. I generally don't feel like I give helpful educational information in my ideas but I will make a point of doing it in the future. If you are interested in Bulkowski stuff and his software, just google Thomas Bulkowski online and you will find lots of information! He provides a lot of free educational content online. You can also find some educational ideas on tradingview that go over Bulkowski patterns, here are some I have found: This one is a really good video on testing patterns using an indicator. This is using the same textbook I trained my own Bulkowski model with: Anyway, this is my analysis/forecast. Hope you enjoy! Leave your questions below! Safe trades!
AMEX:SPY
by Steversteves
35
A Case To Be Long GoldSince the beginning of the year, I've been seeking an opportunity to invest in gold, and I believe there's a compelling case from macroeconomic, fundamental, and technical perspectives. Macroeconomic Perspective on Gold With President Trump returning to office, it's important to consider the economic impact of his proposed income tax reductions. Lowering individual taxes increases disposable income, leading to higher consumer spending without incurring additional debt. This contrasts with lowering interest rates, which encourages spending through borrowing, potentially having a slower effect on inflation compared to direct fiscal measures like tax cuts. The recent stimulus checks have shown a direct impact on inflation, and similar effects could arise from income tax cuts, especially for tipped workers. Investors often turn to gold as a store of value during inflationary periods, making it a potentially attractive investment under these conditions. Fundamental Analysis of Gold Currently, the price of gold relative to the SP:SPX ( $TVC:GOLD/SP:SPX ) appears undervalued. Additionally, the GOLD/SPX ratio is at a support level, indicating potential for appreciation. Seasonal Trends Historically, over the past 18 years, gold has shown strong performance from January to late February, posting negative returns only four times. Even in those instances, the losses were minimal compared to the gains during positive years, suggesting a favorable seasonal pattern for gold investments during this period. Technical Analysis of Gold Gold has been in an uptrend, and after a significant pullback, there appears to be an opportunity to enter the market. The recent large bearish movements may indicate a slowdown in the weekly trend, leading to a consolidation phase where the market establishes a new price range. Conclusion Gold presents a promising opportunity for inclusion in a long-term investment portfolio, potentially offering substantial returns. Monitoring the risk/reward profile is essential, and adjustments may be necessary based on market developments. If the desired entry point isn't reached and a bullish inside bar forms this week, next week's entry could be even more favorable. Good luck and happy trading! For more information on this subject and many others visit my website and my YouTube.
AMEX:GLDLong
by JoeRodTrades
The Market Looks Bullish at firstSPY Price Projection and Option Strategy Current Market Overview Current Pre-Market Price: US$596.39 Last Close Price: US$595.36 Technical Analysis: The technical indicators for SPY suggest a cautiously bullish outlook. The breakout from the Falling Wedge pattern indicates a potential upward movement towards the resistance level at US$594.22. Oscillators show a bullish sentiment, while moving averages present mixed signals with short-term averages indicating a sell and longer-term averages showing some bullish potential. Option Expiry Dates for This Week 07-Jan-2025 08-Jan-2025 09-Jan-2025 10-Jan-2025 Option Chain Metrics Put-Call Ratio: 0.56 (for 28-Feb-2025 expiry) Max Pain: US$525.00 Highest Call Open Interest (OI) Strike: US$635.00 Highest Put Open Interest (OI) Strike: US$480.00 Recommended Option Strategy for a 50% Gain Given the cautiously bullish outlook and the current market structure, here are some single-leg option contracts expiring this week that could potentially yield a 50% gain: Long Call Option Stock Symbol: SPY Signal: Bullish Option Strategy: Long Call Strike Price: US$600.00 Expiry Date: 07-Jan-2025 Current Price: US$596.39 Buy/Sell: Buy Call/Put: Call Premium: US$0.28 Stop loss: US$0.25 Take profit: US$0.42 (50% gain target) Implied Volatility: 13% Rationale: The option is out-of-the-money (OTM) with a bullish signal, aligning with the cautiously bullish market outlook. Long Call Option Stock Symbol: SPY Signal: Bullish Option Strategy: Long Call Strike Price: US$602.00 Expiry Date: 10-Jan-2025 Current Price: US$596.39 Buy/Sell: Buy Call/Put: Call Premium: US$1.00 Stop loss: US$0.90 Take profit: US$1.50 (50% gain target) Implied Volatility: 13% Rationale: This option is also OTM with a bullish signal, and the premium is positioned for a potential 50% gain if the market moves favorably.
AMEX:SPYShort
by CapitalGainz33
SPY/QQQ Plan Your Trade For 1-7-25 : Counter Trend BreakawayToday's pattern suggests the markets will move upward (counter-trend) in an attempt to move into the RALLY, RALLY, RALLY phase closing out this week's price action. I suggest traders prepare for what may become a fairly explosive upward trend over the next few days - but stay fairly cautious as unexpected news may derail price trends a bit. We are still moving into the early 2025 liquidity flood - where traders who pulled capital away from risks in late 2024 are starting to move back into the markets. We are also moving into Q4:2024 earnings data (in about a week or so). So there are still lots of opportunities for big trends. I'm watching to see if the markets attempt to move to new All-Time Highs again - which I believe is a highly probable outcome. If my research is correct, we are going to move into that RALLY, RALLY, RALLY phase very cleanly today and tomorrow. Gold and Silver are moving higher again - which is great to see. Today is a RALLY day on my Gold Cycle Patterns. Could be a great opportunity for skilled traders in Metals this week. Bitcoin has reached that DUAL FLAGGING zone. In other words, stay cautious at this point. Volatility will likely increase for Bitcoin and I believe the most likely outcome will be to attempt to move back downward after reaching this dual flagging zone. We'll see what happens next. Remember, we are just starting 2025, so you have lots of time to try to identify opportunities throughout the year. Your goal as a trader is to find the best opportunities to BOOK PROFITS. The more you are able to BOOK PROFITS, the more likely you are to GROW YOUR ACCOUNT. 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
AMEX:SPYLong
by BradMatheny
SPY Trade Idea: Analyzing the 20-Hour MA atChart Setup: Timeframe: Hourly (1H) Indicator: 20-Hour Simple Moving Average (SMA) Volume Support/Resistance Levels Analysis at Yesterday’s Close: Price vs. 20-Hour SMA: SPY closed near the 20-Hour SMA, suggesting a critical juncture for short-term trend direction. A close at or near the 20HR MA often signals potential consolidation or a pivotal reversal. Market Context: Yesterday's session showed . Volume near the close indicates conviction from market participants. Key Observations: If the price stays above the 20HR SMA, bulls may aim to retest the nearest resistance zone at . If it drops below, bears could push toward the next support zone at . Trade Plan: Scenario 1: Bullish Breakout Trigger: If SPY opens above yesterday’s close and sustains above the 20HR SMA. Entry: Wait for a 5-minute candle close above . Targets: Target 1: Target 2: Stop Loss: Below the 20HR SMA or the last swing low. Scenario 2: Bearish Breakdown Trigger: If SPY opens below the 20HR SMA or rejects the level during the session. Entry: Enter on a confirmed rejection or break below . Targets: Target 1: Target 2: Stop Loss: Above the 20HR SMA or the last swing high. Risk Management: Position size based on risk tolerance (e.g., 1-2% per trade). Monitor price action closely around the 20HR SMA for confirmation before committing to a trade. Conclusion: The 20HR MA serves as a dynamic pivot level for short-term SPY trading opportunities. A strong move away from yesterday’s close could set the tone for today’s trading session. Stay disciplined and adapt to evolving market conditions.
AMEX:SPYShort
by CapitalGainz33