SPY 24hr Potterboxes,watch the candles and it will probly trade in range until a breakout to the downside. $5.84 to the top of the big box but the market always goes up just not horizontal. also the law of the threes. Tomorrow should be green.
SPY trade ideas
SPY/QQQ Plan Your Trade For 10-29 : Gap Defender PatternToday's SPY Cycle Pattern is a Gap Defender in Counter Trend mode.
Even though I forgot to show you the pattern page in this video, today's video suggests the SPY will attempt to protect and defend yesterday's opening gap price range - possibly attempting to move a bit higher as I predicted.
With Bitcoin rallying away from the consolidation range, I see this as a "move to hedge against fear". I believe Gold and Silver could make a strong move higher as this hedging moves across all fear-base hedge assets.
Additionally, both presidential candidates support renewed legislation for Bitcoin & Cryptos in the US - so either way I believe the digital currency world is ready for US involvement.
Right now, I see the markets as trying to make a "last gasp effort" at a rally into Wednesday. Then, I believe the markets will roll into a broad contraction phase setting up just before the election as liquidity vanishes from the markets.
Price volatility should be EXTREME between Nov 1 and Nov 6.
Play the next 2 weeks very smart. Otherwise, your lumps could be painful.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 11-5 : Election DayThis video highlights what I believe is likely to happen today and into tonight (when the real news will hit). Additionally, I continue to warn that a price anomaly is very likely starting sometime after November 10.
Ultimately, the markets will struggle throughout the rest of the week, likely becoming a bit more volatile after the election.
I do believe the markets will move into the price anomaly event near November 10th and that event will likely transition into a big opportunity for traders sometime after November 15-18.
My ADL predictive modeling system is showing this anomaly event is highly likely in certain sectors.
Overall, I suggest traders continue to trade small allocation levels today as we get past "election day". The bigger opportunities come over the next 3 to 6+ months.
Today is not the day to be a hero. Today is the day to sit back, maybe target a few decent trades, and wait for the dust to settle.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade Update For 10-29 : Ripper Apex BreakoutThis short video highlights the Apex Volatility breakout in the SPY today and shows the ripper rally in Gold & Bitcoin.
If you've been following my research, you already know I called these moves many days ago.
If you are new to my videos, this is an excellent way for you to see what I do, learn from my videos, and attempt to see now my research fits into your trading style.
My single goal is to make you a better trader - and I hope I'm doing that with all the content I provide.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY going up after the electionEven though the DAILY indicators have not changed, the 30 minute, the 1 hour and even the 2 hour indicators are shifting to indicate an upward movement. The rest of the hourly and daily indicators will soon follow. (I will post these 30 minute and the 1 hour indicators soon)
I am using the Heikin Ashi candlestick as I find you see more of a definite trend on the candlesticks itself. Typically, you would wait to enter the trade until you see 2 green candlesticks. But I am a little bit of a rebel and I already entered today, which will probably come back to bite me in the ass soon! LOL! ;-)
I use the MacD, DMI and the Stochastic RSI as my indicators.
The SPY will move about 34 points which was the average upward move of the previous months and that hits the fib line of 1.618. I use the fib tool to get a general approximation of the target. So I estimate the target of the SPY at around 602. It will reach that target around November 21st or approximately a 14 day upward move, which has been the average upward move in the previous months.
Around November 12th, the market will pause a little before heading back up to reach the target I have laid out as 602.
Happy trading everyone!
Spy Road To 600 Halt?This will be one of the biggest weeks of our life's and volatility in the stock market. Nov 5th election decision Nov 7th rate cut decision. Also huge week for earnings, be very careful trading this week everybody! Warning
SPY bounce to $580MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of upward trending channels (period 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative, just like September
Price at near Fibonacci level, 0.618 retracement
In at open on Monday. I would like to see price gap down to $563 (0.5 fib retrace), or $557 (100 period channel). My plan is to buy 1 position at Monday's open, 1 more position at $563 and 3 positions at $537.35.
Stop loss is 1% of my purchase on Monday.
Target is $580 or channel top
Bearish Break out on S&P 500 Looks like we broke out of the upward channel and until then we might be in a bearish momentum. unless we bounce back from this 566 support level.
Lost $100 On SPY TodayI Simply should have not traded today this was not an A+ Setup and we were not in my zones
$SPY intraday chart Double-Bottom?Markets have been shaky these past few sessions—a reasonable pullback after a long uptrend. The intraday AMEX:SPY chart shows a double-bottom pattern, but it won’t confirm unless it breaks above $575. Personally, I’m waiting (and hoping) for AMEX:SPY to dip to around $565.50 before looking to go long again. 🚀👌
ETF SPY weekly (log)Hello everyone,
Weekly chart in logarithmic scale.
The channel is bullish, we are in the upper part of the channel, but I do not see any bullish exaggeration.
The 200-period simple average is bullish in orange on the screen.
In any case, investing in the SPY is a very good investment.
Make your own opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
SPY Technical Analysis on October 29, 20241. Chart Patterns and Price Action:
Descending Triangle: SPY is forming a descending triangle pattern with lower highs, which typically suggests bearish pressure. A break below the triangle support could indicate a bearish continuation.
Downtrend: The chart shows lower highs and lower lows, confirming a short-term downtrend.
2. Support and Resistance Levels:
Immediate Resistance Levels:
579.80 - 582.98: This zone represents a resistance cluster, where SPY has faced selling pressure in previous sessions.
584.44 - 585.39: If SPY breaks above the immediate resistance, this higher level may act as another cap.
Support Levels:
577.61: Immediate support, where SPY might find buyers if it dips early in the session.
574.41: A key support level; a break below this could indicate increased selling pressure.
3. MACD and Volume Analysis:
MACD: Currently showing minor divergence near the zero line, signaling potential indecision. Watch for a clear crossover to gauge momentum.
Volume: Volume spikes align with sharp moves. The last session’s volume decrease suggests a possible consolidation before a decisive move.
4. Scalping Strategy for Today:
Entry Points:
Long Entry: Around 577.61 if it shows a strong bounce with volume. Confirm price action for a reversal before entering.
Short Entry: Below 574.41 if it breaks with high volume, targeting lower levels or trailing the stop.
Exit Points:
Long Exit: Near 579.80 - 582.98 resistance zone.
Short Exit: Consider taking profits near 574.41 or lower if momentum continues.
Stop-Loss: Place stop-loss slightly below 577.61 for long positions and above 579.80 for short positions.
5. Swing Trade Analysis:
Directional Bias at Open: Likely a bearish open if it remains below 577.61. A test of this support zone may lead to a bounce if buyers step in, but a failure here suggests further downside.
Intraday Movement:
If SPY breaks above 579.80, a rally toward 582.98 could be in play, offering a short-term bullish setup.
Below 574.41, downside continuation with 570 as a possible intraday target.
Close Expectations: Potential bearish close if it fails to reclaim 579.80. A break below 574.41 could indicate bearish continuation for the following days.
6. Key Levels Summary:
Support Zones: 577.61, 574.41
Resistance Zones: 579.80, 582.98, 584.44-585.39
Disclaimer:
This analysis is for informational purposes only and not financial advice. Trading involves risk, and past performance is not indicative of future results. Always do your own research and consider consulting a financial advisor.
$SPY tough spot right now, but there's still a glimmer of hope!On the daily chart, there are three bearish signals without even considering indicators:
1. Price is below the EMAs.
2. With a gap down.
3. From a coil spring.
On the weekly chart, the trend remains intact. However, if we drop below the fast EMA, a significant test will be the slow EMA.
The key level to watch is the low of the daily channel line at $554, which aligns with the weekly slow EMA at approximately $551. For me, that represents the definitive line in the sand for SPY.
SPY Just a follow up on SPY TA .We have been trading in a ascending wedge for the pass week. 586.12 has been a strong area to break. we are also loosing buying power with in this pattern. The pattern is a daily and 4 hour trend that has strong respect.
Technical Analysis for SPY (1-Hour Chart) for Nov. 6, 2024Price Action Overview
SPY has been in a descending channel, reflecting a recent downtrend. The chart shows lower highs and lower lows, indicating bearish sentiment, with price bouncing between the parallel channel lines. SPY is currently trading near the $568-$569 level, a minor support area where it might find temporary stability. Volume has been gradually decreasing, suggesting that sellers could be weakening, which might pave the way for a potential rebound or consolidation phase tomorrow.
Key Levels to Watch
Resistance Levels:
$575.55: Immediate resistance, near the upper trend line of the descending channel. A break above could indicate a bullish reversal.
$583.29: Higher resistance, where stronger selling pressure could emerge.
Support Levels:
$568.35: Current support. If SPY holds here, it may present a buying opportunity for scalpers looking to trade a bounce.
$563.66: Major support at the channel's lower boundary. A break below this could trigger further selling pressure.
Entry & Exit Points
Long Entry: If SPY holds above $568 and shows signs of bullish momentum, consider an entry near $569-$570. Look for quick exits around the resistance of $575 for a scalp.
Short Entry: If SPY fails to break above $575 and reverses, a short position around $573 with a target at $568 could be profitable. A break below $568 may signal further downside, targeting $563.
Directional Bias
Given the downtrend, the initial bias remains bearish, especially if SPY continues to respect the descending channel. However, if buyers gain control at $568, SPY could see a brief intraday rally towards $575. Traders should watch for price behavior at key levels to determine the direction.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trade responsibly and manage your risk effectively.
SPY Will Go UP! Buy!
Hello,Traders!
SPY is trading in an
Uptrend and the etf is
Now making a local correction
Towards the horizontal support
Of 564$ from where we will
Be expecting a further
Bullish move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
SPY Technical Analysis for Nov. 1, 2024Resistance Levels:
$578.35: Immediate overhead resistance where recent selling pressure has been observed. This level could act as a barrier, especially in the early trading session.
$583.29 to $584.50: Stronger resistance range. If SPY pushes above this, it could signal potential for further upside, but watch for rejection around this range if volume decreases.
Support Levels:
$569.40: Immediate support where buyers may step in. This level aligns with recent price action, showing buying interest.
$568.44: Lower support level that has seen demand in the past. A breakdown here could lead to more downside pressure.
Price Action and Trend:
The chart shows a recent downtrend with a slight rebound today. If momentum carries into tomorrow, we may see a test of the $578.35 resistance.
The MACD indicator shows a potential shift in momentum, suggesting a possible short-term recovery if it crosses upward.
Entry/Exit Suggestions:
Bullish Entry: Consider entering above $578.35 with volume confirmation. Target the $583.29 to $584.50 resistance zone for a short-term exit. Place a stop below $578.35 to manage risk.
Bearish Entry: If SPY fails to break above $578.35 and shows weakness, consider a short entry with a target around $569.40. Stop loss should be set just above $578.35 to limit losses.
Volume Analysis:
Volume on this pullback suggests a strong interest level around current support zones. An increase in volume at resistance or support could indicate strength in the next price direction.
"Disclaimer: This analysis is for informational purposes only and is not financial advice. Please conduct your own research and consider your risk tolerance before making any trading decisions."
Opening (IRA): SPY November 15th 501 Covered Call... for a 497.51 debit.
Comments: Re-upping at a strike that is a smidge higher than what I just took profit on, looking to eek out just a smidge more out of November without taking on a huge amount of additional risk ... .
Buying Power Effect/Break Even: 497.51
Max Profit: 3.49
ROC at Max: .70%
50% Max: 1.75
ROC at 50% Max: .35%
SELL OFF COMING?The election rally could cause a sell off here, volume suggest there is a sell trigger that could happen however we have a bullish momentum going on. look for shorts around $593
SPY Bull/Bear Options Trade After ElectionsAMEX:SPY
SPY Options
Range: $571-$568
Long-term tend suport down the middle.
We are sitting and waiting until elections are over. Here are our weekly options:
$572 Call 2-3 Week expiration
Entry: Confirmation over $572 (15-30 minutes close OVER)
Targets:$575, $580
$570 Puts 2-3 Week Expiration
Confirmation Under $572 (15-30 minutes close UNDER)
$572, $568, $563
SPY LONGwas expecting more weakness today then we got looks like we got a double bottom right around $567.80. going to try to enter close as i can to there with longs into the end of the week for FOMC rate cuts $580 calls will do perfect. Plan to trim a 3/4 as the event happens and let the other 1/4 ride for the next day
Weekly Options: Range Bound and Prepped for Both Up or DownAMEX:SPY
AMEX:SPY is currently consolidating between a key support level and long-term trend support, hovering in the $580.90 - $583.60 range. The market's short-sighted focus on upcoming major tech earnings and elections has kept price movement tight. We’re positioned at a crucial point that could either send AMEX:SPY surging to new all-time highs or testing the daily 21 EMA for support. While our bias leans bullish, the downside trade presents a hedge opportunity, especially valuable for tech-heavy portfolios.
Our Weekly Options 💡:
📉 $577 PUT 11/6
Entry: Confirmed 15-30 minute close under $580.90 with a retest rejection
🎯: $578, $576, $574.73
📈 $582 CALL 11/6 (Consider Call Debit Spread to lower cost: $584 STO | $582 BTO)
Entry: Confirmed 15-30 minute close over $580.90 and trend support
🎯: $582, $583.60
Stay prepared for a potential breakout or breakdown with these setups, and let the chart confirm the direction.
$SPY Analysis, Key Levels & Targets for 10.29.24AMEX:SPY Analysis, Key Levels & Targets for 10.29.24
Alright, y’all…. So I am still sick so no videos until this get’s cleared up.
But here is the chart for today.
I feel good enough to maybe trade today but still kind of Meh… LOL…. I don’t get sick often and MAN this stinks.
Previous support (580) is right at the bottom of the gap we opened yesterday
35EMA is still above the 30min 200MA. ATH’s are at the top of the implied move for tomorrow.
Under 580 the next support is 575 and a 1hr 200MA coming up as well.
Honestly looks fun!!
