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$IWM Recap of Last week - 30min 200MA resistance - Under 50DMAFor times sake right now I’m going to just post this chart and I will be back to write a description later if it is even necessary. I just want a record of last week and how it played out before I move into the next days trading range. The week started at the red arrow And took a nose dive from there. 30 minute two under average is currently resistance and we’re trading pretty far underneath the 50 day moving average. Let me know your thoughts on IWM
AMEX:IWM
by SPYder_QQQueen_Trading
$QQQ Recap of Last Week - Down on the Year - New Downtrend?NASDAQ:QQQ Recap of Last Week - Down on the Year - Bigger Downtrend Starting Wow, what a chart. Last week we opened with a gap up above the 30 minute two moving average and then we hit the down gap from December 27 and that was also the top of the downtrend line. (Redbeard arrow) From there, we took it all the way down to the downtrend line (green arrow) So underneath the 30 min 200MA, the 1he 200, the 35EMA, under the 50DMA, filled the gap from the first week and we closed at the bottom of the days range. And as of right now premarket looks like we're gonna break down this down trend and take it lower What a week!! 😅 New week trading ranges coming soon
NASDAQ:QQQShort
by SPYder_QQQueen_Trading
$SPY #IslandBoy #ComingSoon like $PLTR $TSLA $VFCCrystal ball telling me AMEX:SPY is gonna leave put buyer's stuck on an island in the coming weeks/months. Higher Lows + Higher Highs = Uptrend intact I always mention "Shakeout B4 Breakouts" AMEX:SPY wedge + Election = WallofWorry/Fear (Buy when...?) Tomorrow could be filled with more "fear" perhaps a vol spike, but I expect/hope for AMEX:SPY to hold this gap down range then Gap up Thorsday and put up a strong gap + hammer candle... - Prophecies PS; If looking for recent #Island examples check tickers in title. All recently putting up "Island Reversals" after earnings... Election = Spy "Earnings"
AMEX:SPYLong
by Prophecies_R_Us
13
$SPY Recap of Last Week - Down on the Year - At the 4hr 200MARecap of Last Week - Down on the Year - At the 4hr 200MA and Election Gap There is a lot to see in this chart and this is a recap of last week where we opened with a gap up above the 50 day moving average took it right to the downward facing 30 minute 200MA to the 1hr 200MA that is where we saw a massive rejection and that is at the red arrow. From there we reversed and we took it back underneath the 30 minute 200MA average to the 50 day average the 35 EMA we drop down to the up gap from the first week briefly bounced on that before taking it back up to the 35 EMA getting rejected and flung all the way down to the four hour two removing average right at the election gap. We are just about to head into the third trading week of the year and futures are underneath the election gap. Let me know what your thoughts are as we had into the third week.
AMEX:SPYShort
by SPYder_QQQueen_Trading
Short QQQ Next Week: Brace for Potential Decline Amidst Bearish - Key Insights: Given the current bearish trend in QQQ, it is essential for investors to remain cautious. Key resistance is at 511, while immediate support resides at 503. Declines may head towards 492-488 if the downtrend continues, suggesting a focus on these critical levels for decision-making. Sellers currently dominate, leading to expectations of sideways movement and testing of support. - Price Targets: - Next week targets: - T1 = 500 - T2 = 495 - Stop levels: - S1 = 511 - S2 = 515 - Recent Performance: Over the past month, QQQ has dropped approximately 6%, indicating a broader struggle within the technology sector. The bearish candle patterns highlight persistent weakness, and a cautious approach is warranted as QQQ nears crucial support. The trend has seen sellers overpower buyers consistently, reinforcing negative sentiment. - Expert Analysis: Analysts highlight that the QQQ faces significant supply pressure and needs to reclaim resistance at 511 to shift sentiment. The prevailing bearish outlook posits that if sellers maintain control, further declines to the 492-488 range are plausible. Maintaining awareness of key moving averages for major tech companies like AMD remains essential for directionality. - News Impact: The market is impacted by macroeconomic conditions, particularly the fluctuations in Treasury yields hovering around 5%, which affect equity valuations. Concerns about technology sector health, especially with high- profile companies struggling against key moving averages, continue to shape sentiment and trading strategy for QQQ.
NASDAQ:QQQShort
by CrowdWisdomTrading
S&P 500 is gearing up for a drop to $348.11 or even $218.26.SP:SPX AMEX:SPY are gearing up for a potential crash. Markets and indices seem aligned for a downturn. What will trigger it? Hard to say, but watching the stock and crypto markets, it certainly looks that way. My expectations for SPX / SPY: ➖ Fibonacci 161.80% targets have been reached. ➖ Key downside levels: $348.11 and $218.26. TVC:DXY The dollar index is leaning towards growth for now. I think it might follow this scenario. Let’s keep an eye on how things develop.
AMEX:SPYShort
by SergioRichi
4
SPY Technical Analysis and GEX InsightsSPY Technical Analysis * Support Levels: * 575: Key support from the 2nd PUT Wall. This area indicates strong PUT activity, suggesting buyers could step in here. * 580.5: Intraday support observed as the price hovers above this level. * Resistance Levels: * 586-589: Immediate resistance near the Highest Negative NETGEX and CALL activity, suggesting sellers could dominate at this zone. * 592-600: Broader resistance as SPY approaches its CALL resistance walls. The price action indicates SPY is currently consolidating near its lower range. The descending triangle formation signals potential bearish continuation. However, a break above 589 with volume might trigger a recovery towards 592-600. SPY GEX Analysis * Gamma Exposure (GEX): * Negative GEX: Dominant below 589, increasing downside momentum if the price fails to hold. * CALL Resistance: Above 592, CALL sellers will likely act as resistance until the price stabilizes above this zone. * Implied Volatility: * IVR: 28.4, IVx: 17.2: Slightly elevated, reflecting current market uncertainty. * PUT Ratio: 65.5%: High PUT interest suggests hedging or bearish sentiment among institutions. Market Direction The SPY remains under pressure as it tests critical support levels. A break below 575 could extend declines toward the 560-550 zone. Alternatively, reclaiming 589 and holding above 592 might shift sentiment to neutral or bullish. Trading Outlook * Bearish Setup: * Entry: Below 580.5 * Target: 575, with potential to 570-560. * Stop Loss: 586. * Bullish Setup: * Entry: Above 589 * Target: 592-600. * Stop Loss: 585. Trader’s Reminder Price gaps up or down are likely due to pre-market volatility. Recheck these levels before initiating trades. Disclaimer:
This analysis is for educational purposes only and not financial advice. Please consult with a financial advisor or conduct your own research before trading.
AMEX:SPY
by BullBearInsights
SPY will hit 633 the day after Trump is inaugurated on Jan 21stThe SPY will continue going up until Trump's inauguration on Jan 20th. I think there is a high probability it will hit 633 the day after Trump's inauguration on Jan 21st. (I have the arrow pointing to the fib number of 1.618 but I really think it will go higher than that) I typically use Heikin Ashi Candlesticks as they show more of a directional move as opposed to regular candles. Typically, you are only supposed to enter after you see 2 green candlesticks of the Heikin Ashi Candlesticks. We currently only see one green Heikin Ashi Candlestick, so we should wait until we see a second one before entering, which would be Tuesday if the market shows a green Heikin Ashi candlestick tomorrow. In the past, there has been an average move of 34 points on the SPY which would make the target point of 614. But there has been an extreme move of 53 points in the past, which I think is highly probable with Trump is coming into office. I think the market will jump the day after Trump is inaugurated. (I have seen the market do weird things when Trump is involved.) That would make the target equal to 633. But that is an extreme point. I usually don't take current events into my trading predictions but with Trump's inauguration on the 20th, I wouldn't be surprised if the SPY will jump the day after and hit 633 and then move sideways or head a little lower after that. The Fibonacci number of 1.618 is 618.18 This is a good second target point. The move is typically a 9 to 12 day move, so my time target would be Jan. 15th to Jan 21st. If the SPY hits any one of those targets I am out of my trade. But I am going to be prepared on Friday, Jan 17 at the end of close to see if the market is indicating a jump on the 21st. I use the DMI, the Stoch RSI and the MacD to assist me in my trading and you can see on the daily charts the indicators are already turning to show a bullish move. I had thought that the market may correct in February, but if you look at the weekly indicators, I think the market did a small correction at the end of December. I anticipate the market to go up in January and February and possibly March. Happy Trading Everyone!!
AMEX:SPYLong
by Princessgirl
3
QQQ Technical Analysis and GEX Option StrategyTechnical Analysis Overview: 1. Market Context: QQQ is currently trading within a descending wedge pattern, a structure often indicative of potential breakout setups. The price is approaching the wedge's lower boundary, showing signs of decreasing volatility. 2. Key Levels: * Support: * $503.92 (near-term support and key GEX8 level). * $497 (3rd PUT wall level and critical psychological area). * Resistance: * $515.27 to $516.91 (first resistance zone aligning with 2nd CALL wall). * $520 to $527.87 (upper wedge boundary and CALL resistance). 3. Indicators: * MACD: Bearish momentum with a slightly rising histogram indicates slowing downside pressure, but no clear reversal signal yet. * Volume: Declining volume into this wedge suggests potential accumulation but requires confirmation. 4. Trade Setup: * Bullish Scenario: * Entry above $510 (break above wedge boundary and reclaim of key resistance). * Target: $515 and $520. * Stop-Loss: $503 (below recent lows). * Bearish Scenario: * Entry below $503. * Target: $497 and $490 (down to the PUT walls). * Stop-Loss: $507. GEX Analysis for Options Trading: 1. Gamma Exposure (GEX): * Positive gamma walls at $515 (2nd CALL wall) and $520 suggest strong resistance if prices climb. * Negative gamma at $503 and below highlights potential acceleration to the downside if breached. 2. IVR and Sentiment: * IVR stands at 27.2%, indicating relatively moderate implied volatility. Options traders might prefer strategies with defined risk/reward setups like vertical spreads. 3. Option Strategy Suggestions: * Bullish: * Call Debit Spread: Buy $515 CALL, Sell $520 CALL. * Expiry: Choose a date with moderate time decay, e.g., 2 weeks out. * Bearish: * Put Debit Spread: Buy $500 PUT, Sell $495 PUT. * Expiry: 1-2 weeks out, targeting the next gamma wall. Market Direction Outlook: * Based on the wedge formation, declining volume, and the position relative to gamma walls, QQQ is at a pivotal decision point. A breakout above $510 could see a bullish continuation toward $515-$520, while a breakdown below $503 would confirm bearish momentum. Traders are advised to monitor pre-market activity for any gap or sentiment shift. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please consult with your financial advisor or conduct your own research before executing trades. Always ensure proper risk management in your trading strategy.
NASDAQ:QQQ
by BullBearInsights
"Market Corrections Ahead of the Presidential Inauguration."Corrections are a part of the stock market, signaling moments of weakness and opportunity. Here's a breakdown of the current market decline levels, ranging from the recent 5% pullback to the potential 20% drop that defines a bear market. These are the levels that I will be watching to let me know the momentum of this current shorter term downtrend. Historical Context: Over the past 50 years: 5-10% declines occur about 3-4 times per year on average. 10-20% corrections happen roughly every 2-3 years. Full bear markets (20%+ declines) are rarer but significant, averaging one every 6-8 years. This chart visualizes the current levels, helping traders and investors understand where we stand in historical context and where the market could potentially head. Always remember that as hard as some corrections and declines can be, they all create buying opportunities for long term investors.
AMEX:SPY
by IgniteWealthBuilders
#EEM USA#EEM time frame 1 DAY Created a bullish Gartley pattern , Entry level around 41.00 , Stop loss 40.80 ( estimated loss -1.7% ), First target at 43.00 ( estimated profit around 3.70% ), Second target 44.44 ( estimated profit around 6.70% ), Third target 45.44 ( estimated profit around 9.40% ), There is positive diversion on MACD , that may support our idea . NOTE : this data according to time frame I DAY. Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing. Thanks and good luck.
AMEX:EEMLong
by tfcgeorge
US Stocks - The Situation Is CriticalFollowing the strong US economic data, the markets are in panic mode: Hopes of further interest rate cuts are fading like ice cream in the summer sun. A look at the TLT chart does not bode well. The monthly chart shows extremely strong hidden bearish divergences in the OBV. I have written an indicator for private use that draws these divergences clearly visible on the chart (blue line: price; green line: OBV). Let's not kid ourselves: The situation for the US markets is currently quite grim from both a technical and fundamental perspective.
NASDAQ:TLTShort
by Ochlokrat
SPY: Week of Jan 13th Lots of thoughts but generally undecided. In summary: I expect a bit of a bounce up to the 582 range. I expect a ton of volatility given the economic catalysts which will make it incredibly challenging for day traders attempting to trade it. I would caution starting a short position if you are not already short and wait to see how it treats the bearish triangle it has broken down from. Expect upside to the reference target at least at 582 ish. Expect a whole lot of whipsaw! Safe trades everyone! And those wanting the implied range from options indicator:
AMEX:SPY
by Steversteves
19