Get started

ETF market

$SPY RECAP of Last Week Feb 10-14 Last week was inflation data week and Monday and Tuesday we opened with a gap up and then stayed flat from there until CPI on Wednesday where we dropped down and filled the Monday gap and bounced on the 50 Day Moving Average. After CPI (which came in HOTTT) and the bounce on the 50Day we took it to the downtrend and then pushed passed resistance to briefly make new ATH’s and close the week just underneath ATH’s Previous ATH’s 610.78, new ATH’s 610.99 —— Watching just the 35EMA and the 30min 200MA we opened the week neutral and when price dropped to the 50DMA the 35EMA bounced on the 30min 200MA and we bounced it from there.
AMEX:SPY
by SPYder_QQQueen_Trading
5
SPY A Fall Expected! SELL! My dear friends, SPY looks like it will make a good move, and here are the details: The market is trading on 609.70 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 - 600.34 Recommended Stop Loss - 615.13 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
4
End of hibernation for the bears?AMEX:SPY is at a pivotal point and could potentially be at the top of the bullish cycle that began in October 2022. If this prediction proves accurate, I think we could see a maximum low of $510 for this year. There are a couple of caveats, including one that will be a clear indicator of whether or not this wave count is accurate, which I will explain later. On the 1000R chart ($10), this uptrend was confirmed by Supertrend and volume activity. Volume drastically increased at the start of Wave (3) in March 2023 and did not taper off until the start of Wave (4) in July 2024. This was the strongest impulse in the trend, which is common for Wave 3. You can also see the ADX line of the DMI indicator (white line) was at its highest level during that period. Assuming Wave (5) is already complete, we can observe that the volume in Wave (3) was considerably less than Wave (5). Other observations supporting this wave count: - Wave (4) retracing into the territory of Wave 4 of (3) - Alternation in corrective patterns between Wave (2) and Wave (4); flat in (2) and straight down in (4) - Wave (5) extending to nearly 1.618 of (1) While the points I’ve made so far suggest that the market may be on the verge of a crash, the image gets more complicated when you take a closer look on the 250R chart ($2.50). I’ll start with what I’m counting as Wave 4 of (5). The price ended at ATH in Wave 3 and then corrected in an unmistakable five wave descending wedge pattern. This can only be a fourth wave of a larger impulse, so we can conclude with a fair amount of confidence that the wave that follows will be the last. Here is where things get interesting. The price moved from $575 on January 13th to a slightly higher ATH of $609.24 on January 24th before being rejected again. This uptrend unfolded in a typical bullish pattern and left a notable gap at $584, which is the only gap still left unfilled. The trend change is confirmed on the moving averages. Notice the serious drop in volume that followed as well. Despite the shift in volume, there are two issues I have with this wave count that are preventing me from calling this a confirmed correction: 1. Wave 5 of (5) was awfully short and only extended roughly $2 above the end of Wave 3 of (5). This does not break any rules, but it is unusual. 2. What I have labelled as Wave B of Wave (1) or (A) of the correction made a new ATH on Friday February 14th, which should invalidate this wave count since the end of Wave 5 of (5) should be the peak. The second point is why some may think that we are about to resume the larger bull trend, however there is a possibility that they are mistaken based off the PA on the actual index SP:SPX and futures CME_MINI:ES1! . On the SP:SPX chart, we can see that the index did not break the ATH at $6128.18 set on January 25th, and instead rejected at $6,127.24. CME_MINI:ES1! also failed to notch a new ATH on Friday and I have observed the price action create a nearly perfect bearish butterfly pattern. Also notice how the volume is significantly lower than in the uptrend that began on January 31st. So the question remains: are we at a tipping point or will the bulls regain control? Right now it’s unclear, but I will keep my bearish sentiment until SP:SPX makes a new ATH, which will invalidate this theory. Since only the ETF that tracks it only made a slightly higher high on low volume, I’m skeptical of the PA on AMEX:SPY at the moment. This is why I entered puts on Friday. If the trade plays out, I expect the price to quickly move to fill the gap at $584, which is still conveniently located at what I cam considering the 1.236 extension of Wave A, which is a common target extension in flat corrections. I will keep my puts open until this idea is invalidated, as the Wave C drop will likely be caused by a news event that could come at any time. Let me know if you guys are seeing the same thing or something different. Good luck to all!
AMEX:SPYShort
by ap769
1
IBIT (BTC) target March 31stHere is my coinciding target for IBIT which I hold in my main investment account and 401k. I believe this will happen in March or April and my target for BTC is 143k with an IBIT price of 83. We see a consolidation similar to the recent pump we have a few months ago. Deeply low stochastic RSI and a moderate BBWP. I think we see a 30-40% move soon. My plan: I am trading this setup by utilizing my recent COIN/CONL trade. I also plan to dump all my IBIT around these levels since I already own Bitcoin and have a mara trade on deck.
NASDAQ:IBITLong
by Apollo_21mil
QQQ My Opinion! SELL! My dear friends, My technical analysis for QQQ is below: The market is trading on 538.12 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 527.72 Recommended Stop Loss - 544.30 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
1
SPY... Parallel lines can be a funny thingJust add a Fib percentage to some parallels and you get something interesting...I didn't do that, but there is an idea for you to engage in. no, this was simple a bunch of parallels using the tool but switching the numbers to both odds and evens and running them in...parallel :) Just use the Log "L" function if things don't make sense...cause in the lead up to this top, these lines predicted a bit of movement... look at that angular change...totally like your boost right before the headers crack and all goes to basically a standstill.. :) notice the past line and their relative price guessing... :)
AMEX:SPY
by CYQOTEK
1
NAK 2025 ACCOUNT WEEKLY PNL PROGRESS/LOSS I want to start keeping track of my actively managed acct weekly % result and at the end of the year do an R result ... I know not to many people post that for one which gives you guys a real idea of my trading style vs performance and its also going to be good for me to review in future . I don't know if I will keep it up or not but if Ill update this idea as a closed one if I do . The primary idea behind my trading is buying what's going up, cutting what is not , and rotating weaker names with stronger names at discretion . I have TONS of losses and a very low BA and struggle sometimes with overtrading for sure ( like everyone else ) and I am super impatient too so if you have similar weaknesses maybe this part can help you if it ends up working out. I'll try to keep this up on Fridays unless I stay flat/cash and or a week has no activity.
NASDAQ:TBIL
by NAK1987
2
Opening (IRA): IBIT March 21st 49 Covered Call... for a 47.32 debit. Comments: Adding to my positions at strikes/break evens better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 47.32 Max Profit: 1.68 ROC at Max: 3.55% 50% Max: .84 ROC at 50% Max: 1.78% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out the short call should my take profit not be hit.
NASDAQ:IBITLong
by NaughtyPines
Major Move spirals 2/13 alt 3/10The chart is a small updated chart of the spy and 3 spirals F5 is 2/13 F6 and F10 and the peak10/10/2007 The PEAK is march13th 2025 F24. The market is Now coiled in a point in which we should now see a swing If we peak on 2/13 well things would be ugly into the march turn . If we break above the top from the spiral of 11/29 to 12/5 Both were the TOPS then we would see the real Frothy market Peaking Last of the MONEY ALL IN GROUP . Best of trades WAVETIMER
AMEX:SPY
by wavetimer
1
Opening (IRA): IBIT March 21st 52 Covered Call... for a 49.83 debit. Comments: Back into IBIT, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 49.83/share Max Profit: 2.17 ROC at Max: 4.35% 50% Max: 1.09 ROC at 50% Max: 2.18% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes better than what I currently have on, and/or roll out the short call if my take profit is not hit.
NASDAQ:IBITLong
by NaughtyPines
Opening (IRA): TNA March 21st 37 Covered Call... for a 36.06 debit. Comments: On second thought ... . Maybe I'm not done with March yet. Here, selling the 84 delta call against shares to emulate the delta metrics of a 2x expected move 16 delta short put, but with the built-in defense of the short call. This is less risk than what I ordinarily take, but still has the >2.0% ROC at max I like to see out of these setups. Metrics: Buying Power Effect/Break Even: 36.06 Max Profit: .94 ROC at Max: 2.61% 50% Max: .47 ROC at 50% Max: 1.32%
AMEX:TNALong
by NaughtyPines