Continuation On Tops Is In. Still short SPXL long SOXSOk guys all waiting on NVDA out that short
Lets see how far the head fake rally goes.
ETF market
Healthcare Sector Poised For A 7% to 15% Rally Into Early 2025My continued research to help traders shows the US Healthcare and Biotech sectors are poised for a very large rally phase into early 2025.
Particularly, XLV and XBI seem uniquely setup to rally more than 9-10% over the next 60 to 90+ days.
This video explains how I use my Adaptive Dynamic Learning Predictive Modeling system to find opportunities other people miss.
Using technology, predictive modeling, and inference engines like this is one advantage I have because I can build any type of technology or system I like - and use it on any symbol or interval I like.
Now is the time to prepare for the big moves headed into 2025. Follow my research if you want to target the biggest price swings in the markets.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
QQQHere is an update on QQQ
We are now ranging in-between 2 gap-fills that have happened over past 2 weeks.
Will we see a push to the upside.
Expired SPY Weekly outlook. 3rd WK NOV 2024Expired SPY Weekly outlook. 3rd WK NOV 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 585.75
This Week Target Price: 587
Strike Price: 590.30 on NOV 19, 2024
Upper Range: 600
Lower Range: 574
SPY Long IdeaWe sold off more than I expected today, but we're finally coming back into the $585 area which I have been waiting for since the post election rally. Looks like a great spot to pick up some longs with solid risk/reward. If it doesn't hold, could turn into a good short idea on the retest. For now I full expect a bounce here into the early parts of next week.
SPY/QQQ Plan Your Trade For 11-20 : Flat-Down PatternToday's Flat Down Pattern suggests the SPY & QQQ will trail downward a bit within the current #2 sideways flagging pattern. I believe this setup is indicative of a broader breakdown (Anomaly Event) playing out headed into Thanksgiving and into the end of the year.
Gold and Silver are also moving in an Inverted Excess Phase Peak pattern - struggling near a Phase #3 (sideways consolidation) range. This move will resolve to the upside if my research is correct, yet we could also see Gold and Silver move into a very large Phase #2 type of EPP phase (Flagging downward). This could setup a very large upward price rally in Gold and Silver over the next 60+ days.
BTCUSD is struggling to break to new highs. Although I see a confirmed bullish trend because of a recent new Higher High, I also see BTCUSD struggling to continue to make new highs right now.
Because of this, I see some potential for a breakdown if BTCUSD is unable to rally to new highs within the next 5 to 6+ hours.
Remember, price must always attempt to make new highs or new lows. Failure to make a new high means price must then attempt to make a new low. Failure to make a new low means price must then attempt to make a new high.
These are the RULES OF MARKET PRICE ACTIVITY. Once you learn to use/follow them, trading becomes a bit easier to understand.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Morning Overview: Capped Down and RecoveredNot too many short setups but, the ones I identified should move quickly is the major indices show any weakness. I would be carefully trading around geo political issues and make sure that at least some of your positions are hedged.
4BRZ - EWZextremely bullish, it might just fill that gap before it explodes higher, with minimum upside move around 25%
Have we really recovered?I remain unconvinced that the end isn't here. I do not think they will let the market continue to move up because *insert politics*. I know drawing channels can be arbitrary, but this particular channel shows me that we have no recovered and that we are instead just loading up the submarine for an even deeper dive. Just my two cents.
Market insights & Where we are heading on the $QQQ $SPY $IWM 📊 Market Insights & Future Trends: NASDAQ:QQQ AMEX:SPY AMEX:IWM
In this must-watch video, we’re diving deep into:
Market Direction: Projections for where the markets are heading this week into year-end.
Potential Catalysts: Key events and factors that could cause significant market shifts.
My Secret Tools & Strategies: An inside look at the methods I use to anticipate market moves.
Ready to get ahead of the game? Let’s dive in and uncover the insights you need to stay informed and strategic!
Like l Follow l Share for more content!
SMH eyes on $237: Key support that needs to hold for next leg upChip stocks have been cooling down for a few months.
SMH covers a cross section of the industry and is dipping.
Currently testing a key support acting as bottom of range.
$ 236.36-238.96 is the current support of interest.
$ 246.87-247.78 above is minor but key resistance
$ 225.66-225.86 below is next support for stop loss.
.
All of these zones were obvious in last analysis:
.
The major levels for SMH are set by its "Genesis Sequence":
==================================================================
$SPY November 20, 2024AMEX:SPY November 20, 2024
15 Minutes.
AMEX:SPY had a gap down.
But did not break the recent low of 583.86 which I have taken as the starting point for current move.
It took support at 200 averages in 60 minutes and started to move up.
Noe for the move 583.86 to 589.49 to the fall 584.02 the first target is 592-593 levels as in box.
In 15 minutes, we have 9,21,50 and 100 averages consolidated.
So, for the rise 584.02 to 591.06 holding 586-587 levels, we target for 592-593 levels.
592-593 is important because it is also 61.8% retracement for the fall 599 to 584 levels.
It is also 20 averages in 15 minutes.
Hence, I expect a consolidation to happen between 591-593 levels today for a move tomorrow or Friday.
SPY's Recovery: Amid Trendline Break for Nov. 20, 2024SPY is displaying a solid recovery after a steep downtrend, breaking key trendlines and reclaiming critical levels. As it inches toward overhead resistance, SPY offers prime setups for scalping and swing trades. Here’s a structured trading plan to navigate its next moves.
Market Structure Overview
* Trendline Breakout: SPY has broken a descending trendline, indicating a potential shift in sentiment toward bullishness.
* Volume Analysis: Rising volume accompanies the breakout, signaling buyer interest at current levels.
* Current Price Action: Trading near $591.40, SPY is consolidating just below a significant resistance zone.
Liquidity Zones
* Demand Zone (Support): $578.00 - $581.00. Buyers have shown strong interest in this area during pullbacks.
* Supply Zone (Resistance): $593.00 - $595.00. Sellers may emerge here as it aligns with previous rejection levels.
Order Blocks
* Bullish Order Block: $578.00 - $580.00. Watch for buying interest if SPY retraces to this zone.
* Bearish Order Block: $593.00 - $595.00. This area could serve as a profit-taking zone or short-term resistance.
Key Levels
* Support Levels: $578.00, $581.00, $583.95.
* Resistance Levels: $593.00, $595.00, $600.97.
Technical Indicators
* 9 EMA & 21 EMA (Hourly): SPY is trading above these levels, confirming short-term bullish momentum.
* MACD (Hourly): Bullish crossover with increasing histogram bars, supporting further upward movement.
* RSI (Hourly): Near 65, suggesting room for additional upside but nearing overbought territory.
Scalping Plan
* Entry: Look for pullbacks to $589.00 - $590.00 for a quick scalp with confirmation from bullish candles.
* Exit: First target at $592.50, with an extended target at $594.00.
* Stop-Loss: Place a tight stop at $588.00 to minimize risk.
* Game Plan: Use high-volume breakouts or retests of minor supports as entry signals. Avoid overtrading near resistance levels.
Swing Trading Plan
* Entry: Accumulate near $578.00 - $581.00 for a medium-term swing trade.
* Exit: First target at $595.00, with extended targets at $600.00.
* Stop-Loss: Set below $576.00 to protect against further downside.
* Game Plan: Monitor for consolidation above $583.95 and use pullbacks for additional entries if momentum persists.
Projection
SPY is positioned to test $593.00 in the near term, with a breakout opening the door to $595.00 and eventually $600.00. Failure to hold $589.00 could see a retest of $581.00, offering a secondary entry point for longs.
My Thoughts
SPY’s breakout signals a bullish shift, making it an ideal candidate for both scalpers and swing traders. Scalping opportunities lie between $589.00 and $593.00, while swing traders can capitalize on pullbacks to the $581.00 demand zone. Stay disciplined, and let the price action guide your trades.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and consult with a financial professional before trading.
Bitcoin Breaks To New Highs - $100.5K Is The Likely TargetI created this short video to help traders understand how Fibonacci Price Theory works using BTCUSD.
This move suggests that BTCUSD will attempt to rally above $95k and target $100.5k in the next trending phase.
BTCUSD broke away from the Excess Phase peak Flagging formation (#2) very clearly today.
At this point, there is very little downside price risk unless price breaks below $86.8k.
I also review Gold/Silver and the SPY/QQQ to help traders prepare for the BIG SHIFT into my proposed Anomaly Event.
Here we go..
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY WILL KEEP GROWING|LONG|
✅SPY is already making a
Bullish rebound from the
Horizontal support level
Of 586$ while trading in
An uptrend so we are bullish
Biased and we will be
Expecting a further move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
IBIT breakout first day of options tradingIBIT is breaking out alongside BTC (obviously) this will be my new way of trading BTC, I have been waiting for this for years. If you look at my BTC chart this is the same idea.
My plan:
Bought shares of IBIT at open, will sell covered calls around 100k BTC
Long call spreads Jan 2025 60/65$
11/19/24 - $gdlc - still 15% discount to spot as we hit ATH BTCOTC:GDLC now remains the cheapest way to own BTC if you're cool w the closed end fund
yes it's run, but so has BTC
15% discount, 12.5% for $BITW. so i've swapped my OTC:BITW back to OTC:GDLC mainly on the last pump.
i oscillate between the two based on discount per this chart i've been publishing
short the miners as a hedge, that's about all i can say... for now
V
Home building Will it continue or start decliningThis could be a leading indicator for what is to come. Let's keep an eye on it.
We do have a bearish divergence on the monthly RSI. It also is happening on the weekly as well.
It is to early to tell what direction it will go. We should expect a strong bounce from here and see where it goes.
Best regards.
SPY: Charting the Path - Technical Analysis for Nov. 19, 2024Technical Analysis Overview: SPY (S&P 500 ETF) has been oscillating between critical support and resistance levels, with a potential breakout or breakdown brewing. Traders should prepare for significant moves as the price consolidates, providing scalping and swing trading opportunities.
Price Action Insights:
1. Trendline Analysis:
* A visible downtrend channel is guiding the price lower. However, recent consolidation around $587-$588 hints at a potential reversal or continuation.
2. Key Levels:
* Resistance: $591.50 — Breaking above this could trigger a bullish move toward $601.
* Support: $583.80 — A drop below this may lead to further downside toward $579-$578.
3. Supply and Demand Zones:
* Demand Zone: $578-$583 — Strong buying interest is likely around this area.
* Supply Zone: $590-$593 — Sellers are expected to defend this range aggressively.
4. Order Blocks:
* Watch for price reactions in the $583-$588 consolidation zone, as it could define the direction for the next move.
Indicator Analysis:
1. EMA Strategy:
* 9 EMA and 21 EMA: A bearish alignment remains, but the flattening EMAs indicate a potential pause in selling pressure.
2. MACD:
* The MACD line is attempting to cross above the signal line, signaling a potential bullish divergence.
Game Plan for Scalping:
1. Entry Points:
* Long: Above $588, targeting $591-$593.
* Short: Below $583, targeting $580-$578.
2. Exit Points:
* Focus on tight take-profit levels to secure gains within the defined ranges.
Game Plan for Swing Trading:
1. Bullish Scenario:
* Entry: Above $591.50 with confirmation of strength.
* Target 1: $601; Target 2: $605.
* Stop Loss: Below $587.
2. Bearish Scenario:
* Entry: Below $583 with strong selling momentum.
* Target 1: $578; Target 2: $573.
* Stop Loss: Above $588.
Thoughts and Suggestions: SPY is consolidating near crucial levels. Scalpers can trade within the defined range, while swing traders should wait for a confirmed breakout or breakdown before entering positions. Monitor volume and macroeconomic catalysts to refine your strategy.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research before trading.
SPY puts going to average into spy put today and tmr ($577 12/6) looking to profit off another not as good NVDA report and the same new month selloff we have had the last 4 months
ZSL/JDST: Potential Long OpportunityZSL/JDST pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity.
ADX : Indicates no trend at present, and a quick look at the daily chart confirms it.
Correlation : remains very high in the last few weeks.
Close price : closed below lower BB.
Historical test : I would be happier with more historical opportunities in the last few months to test, but generally it seems okay.
Market Going UPWe have been doing a cup and handle pattern for a long time...
The RSP shows you what the general market is doing unweighted and less distorted.
We have been experiencing much downfalls in the previous weeks in the BIG STOCKS,
but the rest of the market was not impacted...
This means...
Someone painted the market red... while buying the whole market...
Volume also seems to confirm more bullish bias than bearish bias.
MSTRAs in previous idea, reiterating $300 MSTU before end of year. If MSTU starts closing above November 13 swing high and if BTC pushes 100K, MSTU will be well on its way. The 300+ target for this move equates to an extension above the November highs that is of the same size as the move from September lows to November highs.
