Spy Game Plan for today If the market continues its bullish momentum, we could see a retest of the 200-day moving average around $570. This level will act as key resistance, and a breakout above could open the door for new highs. However, if Powell’s tone leans hawkish or the minutes reflect a more cautious stance on rate cuts, we could see AMEX:SPY crack below its current trendline. In that scenario, look for potential support and a bounce around the low $550s—specifically in the $552–$550 zone.
SPY trade ideas
SPY - support & resistant areas for today May 2 2025These are Support and Resistance lines for today, May 2nd, 2025, and will not be valid for the next day. Mark these in your chart by clicking grab this below.
Yellow Lines: Heavily S/R areas, price action will start when closing in on these.
White Lines: Are SL, TP or Mid Level Support and Resistance Areas, these are traded if consolidation take place on them.
Silver Lines: An Area where price action could happen and do work on a choppy day.
SPY - support & resistant areas for today May 1 2025These are Support and Resistance lines for today, May 1st, 2025, and will not be valid for the next day. Mark these in your chart by clicking grab this below.
Yellow Lines: Heavily S/R areas, price action will start when closing in on these.
White Lines: Are SL, TP or Mid Level Support and Resistance Areas, these are traded if consolidation take place on them.
Silver Lines: An Area where price action could happen and do work on a choppy day.
SP500 ETF: Fibonacci MappingAs you may know, Williams Fractals indicator identifies potential reversal points by marking a high (or low) surrounded by two lower highs (or higher lows) on each side, forming a five-bar pattern that signals possible turning points in price. Unfortunately, the simplicity of such indicator provides just tiny perspective, undermining broad implication of the concept.
Before I begin diving into processing geometric narrative of emerging price via fibonacci channels, I want to explain how I interpret fractals.
When I use the term "fractal", I'm not just talking about the points alone. Market continuously corrects itself, so analyzing it by price alone can bring more confusion than help. The object of observation shouldn't be limited to quantifying just by a single property. Chaos by default requires awareness from both price and time aspects. The easiest way to root it in my vision was through realization that price is a function of trading time intervals. Its activity can be described as cyclical progression, as if it is wired by multiple "springs" of different tensions.
Classic TA patterns known to literally anyone are great for anticipating a move in surface level forecasts. Since my line of work focuses on prediction over forecasts, it requires deeper structural awareness behind complex oscillations.
Let's observe the way selloff scales from ATH and how it impacts fractal hierarchy.
The first corrective bullish wave can be explained as a reaction to initial impulsive bearish wave. The bigger scale drop from ATH to a lower point explains why the corrective bullish wave looks the way it is. And so on:
In fractals, scaling laws describe how key properties change with size, typically following power-law relationships that reflect the structure’s self-similarity, where a characteristic scales with the size raised to an exponent.
To build a probabilistic model, we must keep in mind how the smaller bits make up bigger scale picture. ATH, established bottom and angle of progression defined by pullback highs, all those points have structural weight. Since psychology of masses that shapes price dynamics is governed by mathematical sequences found in nature, it's fair to use Fibonacci Channels to map the geometry of interconnectedness.
Similarly, all of those points can be referred by another fibonacci channel with opposite direction.
From my perspective, traditional TA patterns reflect just phases of cycle, this is why I unify those fragments into broader scalable shapes. This distinctive branch of Fractal Analysis allows to track systematic aspects of market behavior and explains how a pattern replicates itself in rhythmic continuity.
SPY (worst is over?)Excellent buy side volume this week following by one down gap fill. We are at resistance currently so I would expect a lot of chop before resumption up trend. Make sure you check which security is showing strength during the down days of the chop. They might become the future market leaders.
SPY - support & resistant areas for today April 30 2025These are Support and Resistance lines for today, April 30, 2025, and will not be valid for the next day. Mark these in your chart by clicking grab this below.
Yellow Lines: Heavily S/R areas, price action will start when closing in on these.
White Lines: Are SL, TP or Mid Level Support and Resistance Areas, these are traded if consolidation take place on them.
Sub R/S: An Area where price action could happen.
SPY: Bear Market Rally Near Completion?Wavervanir DSS | April 30, 2025
SPY is approaching a critical reversal zone at the 0.786 Fibonacci retracement level (~$563.33), following a sharp bounce from the March lows at $481.80. Price is now testing overhead supply from a prior breakdown, and a rejection here aligns with both technical exhaustion and deteriorating macro conditions.
🔍 Technical Breakdown
Resistance Zone: $563.33 (Fib 0.786) – Strong potential reversal point.
Bearish Targets:
$500 (Fib 0.786 from Jan–Mar leg)
$481.80 (prior low)
$431.45 (Fib 1.382 extension)
Structure: ABC corrective wave likely playing out with lower highs forming.
Volume: Momentum on the rally is weakening—bearish divergence setting in.
🧠 Macro Alignment
Sticky Inflation and high real yields persist.
Fed expected to hold rates steady in May (no pivot).
Earnings and forward guidance remain mixed, with cracks showing in consumer credit and regional banks.
Soft landing narrative is fading unless CPI or labor data surprises to the downside.
📊 Probability Estimate
Bearish Reversal (to $431.45): 65%
Bullish Continuation (to $598.51): 25%
Sideways Chop (532–563 range): 10%
⏳ Watch for confirmation below $547 to validate the reversal.
📉 If 563 holds, downside may accelerate into summer.
🧠 WaverVanir DSS remains net short while volatility remains structurally elevated.
💬 What’s your play? Bull trap or breakout?
#SPY #S&P500 #TechnicalAnalysis #Macro #TradingView #Fibonacci #BearMarket #RecessionRisk
Opening (IRA): SPY July 18th 495 Short Put... for a 5.13 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit.
Max Profit: 5.13
ROC at Max as a Function of Strike Price: 1.04%
Will generally look to roll up if the short put is in profit at 45 DTE or greater, add at intervals if I can get in at strikes better than what I currently have on at the June 513's and July 495's, and/or consider a "window dressing" roll (i.e., a roll down to a strike that is paying about the same in credit) to milk the last drops out of the position.
Nightly $SPY / $SPX Scenarios for May 6, 2025 🔮🔮
🌍 Market-Moving News 🌍
📉 Market Retreats Amid Tariff Concerns
U.S. stock markets declined on May 5, 2025, as investors reacted to potential tariffs and key earnings reports. The S&P 500 dropped 0.6%, and the Nasdaq decreased 0.7%. Notably, Palantir Technologies ( NASDAQ:PLTR ) fell nearly 8% in extended trading despite raising its full-year revenue forecast and exceeding Q1 revenue estimates.
🏛️ Fed Meeting Commences Amid Political Pressure
The Federal Reserve's two-day meeting begins today, with the central bank expected to maintain its benchmark interest rate at 4.25%-4.5%. Despite President Trump's calls for rate cuts, the Fed remains cautious due to inflationary risks from new tariffs and migration policies.
🎬 Entertainment Stocks Under Pressure
Streaming giants Netflix ( NASDAQ:NFLX ) and Disney ( NYSE:DIS ) experienced premarket losses of over 5% and 3%, respectively, following President Trump's proposal of a 100% tariff on foreign-made movies.
🏠 Housing Market Faces Challenges
The U.S. housing market is weakening due to persistent high mortgage rates and economic uncertainty driven by tariff policies. Mortgage rates, currently averaging 6.76%, have deterred both prospective buyers and sellers.
📊 Key Data Releases 📊
📅 Tuesday, May 6:
8:30 AM ET: U.S. International Trade in Goods and Services (March)
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
I SPY levels....It's a FOMC week (scheduled for Wed 5/7). So you can use your skills to scalp prior if you can.
Levels to mark...
*week hi/lo
*day hi/lo
those levels should be helpful when you spot intraday setups (if you can). if you can plan a strong $1 move, you can win $50. play to your strengths. that's all i'm going to do.
$SPY Short Swing, vwap+supply+resistanceBackground. Easy confluence trade. We had the largest and fastest rally in stock history from 2022 to now. Everyone who loaded up at $380-430 is ready to take some profits. After the tariff announcements, we sold off hard through a bunch of levels and trendlines down to the bottom of the longer term uptrend.
Current situation. We have retraced back up to the first major supply area, where everyone who bought the dip back in march went long. They've been underwater and are ready to sell for scratch. This will drive the price back down. Maybe the end of a long term uptrend. Maybe just leg 2 of the tariff drop, back down to the trendline. I can't know that.
Delta. If you look at the volume footprint chart, there has been a huge negative delta this whole rally. Prices are going up but the larger players are selling into it. Essentially, the last 2 weeks have been driven up by main street, while wall street unloads. Once there are enough bagholders, the floor can fall out. Here's the weekly delta.
Trading Approach. This is a good point to initiate the start of a long term short position. Like, buying puts 1-2 years out with a $450 target, a gap that's never been filled. I think it's also a good swing entry but with closer targets. On the more pessimistic attitude, after the tariffs, the world started the process of dethroning America as leader of the free world. There's a lot of gravity pulling down to $250 and if the world fully turns on the US, that's where we're heading.
480 Was Our Low This YearTrading Fam,
In my last post, I speculated that there were (2) two great areas to start your DCA back into this market. The first was at SPY 505 and I postulated that if we dropped lower, we could hit SPY 460. Not quite. Looks like our downward trajectory reached it's bottom exactly at that ascending white support line. Now here's the interesting part. That trendline was actually started way back in March of 2020, the Covid-19 crisis, when Trump was also president. I should have seen this trend but I don't think I had it drawn in until more recently. This trendline has obviously proven extremely significant and I'd advise that you draw it into your charts as well. We now have something to watch closely. I suspect that if price breaks down from here, it won't be pretty. This year, I don't think that will happen. I believe we saw our low this year upon the touch of that trendline at 480. So, if you didn't get your money started back in at the 505 level, you were not given much of a chance afterwards.
Today we can see that our price is back above numerous levels of resistance which will now act as support. Firstly, that 505 level. Next, the VRVP point of control (yellow horizontal line). Third, that pink ascending trendline. That was huge and we have confirmed the move above it now on the daily. If we stay above it by market close on Friday, we're good. That will be enough to also provide us weekly confirmation.. Finally, we are sitting right on support at 563, that pink horizontal line. All of these bullish breaks show me that price should remain above our white ascending trendline started in March of 2020 for some time, and I am guessing the rest of the year.
I remain steadfast in my bias towards my SPY Target #3 at 670-700 before sometime next year. Two targets hit so far. One to go. I am fairly confident we will hit it. At which point, it will be time to make some serious decisions about what to do next.
✌️Stew
SPY will make new highs in coming weeks to monthsI decided to swap to the weekly view and found the 3 most bullish candlestick patterns all appearing in the month of April.
1st: Piercing Pattern:
This occurred on the week following Liberation day. The piercing pattern occurs when price closes above the midpoint of the prior weeks red bar after opening below the low of the previous week.
It signals that the price action was very emotional and reactionary, gapping below the low the a strong downtrend, it then signals that buyers were committed to recapture a majority of the price action. It also indicates that there may be trapped bears and short positions that were opened at the low, this can squeeze price higher.
2nd: Bullish Engulfing
This occurred the week last week. It is a classic pattern that signals to turn bullish. It occurs when the green bar fully engulfs the previous weeks red bar.
It signals that the price action was able to make a new low, this is important as similar to the piercing pattern it indicates there may be trapped bears/shorts who will be squeezed and forced to capitulate. It also indicates that the bulls were able to make new highs breaking out of the previous weeks range.
3rd: 3 Outside and up
This just occurred to end this week. It is a rare follow-up to the bullish engulfing, it is defined by a bullish engulfing that has a following week with a close strongly above the engulfing candles high.
It signals that the engulfing candle had commitment and follow-through, it signals that bears were unable to stop the trend and are at the point of capitulation. Many bullish engulfing patterns can lead to consolidation or weekly doji candles, or the less frequent reversals if bears are strong. the 3 Outside and up confirms that the bullish movement is strong.
This was a very difficult month to trade with a ton of traps, I expect there will be more traps and pullbacks to come, but the big picture is bullish.
SPY Holding the Channel – Can It Bounce or Fade Today?Market Summary
SPY is currently trading around $563, showing early weakness after stalling below key resistance at 566–567 last week. Futures were flat overnight with mixed macro sentiment and low volatility. We're starting today near the lower trendline of the rising channel visible on the 15-minute chart.
Technical Structure
* Trend: Price is still holding the lower boundary of the upward channel from May 1–2.
* Support: ORL at 564.29 and lower trendline ~563.20–563.40.
* Resistance: ORH at 565.47, PMH at 565.95, and GEX resistance at 567.
* Indicators:
* MACD: Flattening with bearish cross on shorter timeframes.
* Stoch RSI: Reset to lower range, watching for potential curl up.
Options & Gamma Insight (GEX)
* Current Price: $563
* PUT Pressure Dominant: GEX sentiment is 🔴🔴🔴 Bearish, with:
* PUT$ flow = 115.6% (significantly overweighted)
* IVR 26.1, IVx avg 20.4 = Still room to expand in volatility.
* Key Gamma Levels:
* Resistance Walls:
* 567 → 2nd CALL Wall (major resistance)
* 568–570 → CALL resistance zone
* Support Zones:
* 562–561 → Heavy GEX support
* 560 → Highest negative net GEX = strong PUT wall
Potential Scenarios for Today
🟢 Bullish Case:
* Price reclaims ORH 565.47 and breaks above 566, triggering momentum to test 567.
* If momentum continues, squeeze toward 568 or even 570 is possible, but less likely unless volume spikes.
🔴 Bearish Case:
* Break below 562.68 Ask, triggering fast move to 561.70 and possibly flush into 560 PUT wall.
* Below 560 opens the door to 557 or even 554–555 if panic selling or negative macro.
Actionable Levels
* Long above: 565.50 with target 566.80–567 | Stop < 563.80
* Short below: 562.80 with target 561 → 560 zone | Stop > 564.50
* Scalp Range Zone: Between 563.50–565.50 = chop risk
Final Take
SPY is pinned between heavy PUT support at 560 and CALL resistance at 567. With PUTs outweighing CALLs, a flush toward 561–560 could be favored unless bulls reclaim 566+. Watch for sharp directional trigger around 10:00–10:30 AM ET.
📌 This preview is for educational purposes only. Always use proper risk management and confirm with your own system before trading.
SPY/QQQ Plan Your Trade For 5-1 : Bottom-104Today's Bottom pattern suggests the markets will attempt to move downward - trying to find support.
Even though it may appear my May 2-5 Major Bottom pattern will not happen as I expect - this is a very good lesson for traders.
I'm not 100% accurate all the time. Sometimes, the markets do things that are not aligned with my research/patterns and sometimes the markets can be far more irrational than traders expect.
For example, I believe this current rally is more of a speculative rally in the SPY/QQQ/BTCUSD. There is nothing I'm seeing in the Crash Index (or TRAN) to support this upward price move other than traders attempting to "buy the dip".
Ultimately, I believe the current contraction in the global economy based on policies, tariffs and economic disruptions will continue to drive a consolidation, basing type of price trend, traders are buying into this dip and attempting to drive price upward on expectations of a growing global economy.
Time will tell how things play out - but my longer-term modeling systems are still Bearish.
I will be on the road with my father today - so I'm not going to be as available to answer questions.
Watch this video twice if you need to. It will be interesting to see how the next 5+ days in the markets play out.
As I stated, I'm not 100% accurate all the time. I do my best to try to help guide all of you through these market trends with my research and cycle patterns - but, that is not enough to guarantee 100% accuracy on any trade.
That's just how it is in the world. No one is 100% perfect at predicting market moves.
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
V-shaped Recovery SPY to 570-580 We formed a diamond bottom last week and had a false breakout to the downside that quickly turned bullish after it was revealed that Trump was just "trolling" when he mentioned wanting to fire Powell. Once we broke the soft 536 resistance we moved right to the downward trendline (drawn in yellow) hovered there briefly and then cracked through it.
We ended last week with a bullish engulfing on the weekly chart and spent these first 3 days at the high.
Good earnings kept the market bullish and in the last hour a mineral deal was signed with Ukraine.
The bears have little left in the tank, Tariffs look like they are going to be solved in the near future and fear is decreasing. Promising news on Ukraine is turning the wall of worry into a wall of excitement.
This is not feeling like a bear market rally, this is looking like the next phase of a bull market.
The decline trendline from march can be flipped to bullish and we are climbing steadily on that new line, this recovery is V shaped.
I expect resistance in the 570-580 range.
A perfect masterpiece - my final trade & mic dropHello friends. I have found the perfect trade, and I went all in with my entire account because my conviction is so high that I can say I'm 99.9% sure that I will be correct. I have never been this confident about a trade in my entire career to date.
I have purchased six figures in put contracts on the SPY and SPX because I can see that a crash is about to happen. Here are a few of the factors that I am looking at which have made me so confident.
1) Retail is frantically buying the dip as well as the rip, and they are almost always wrong & lose money. Meanwhile, smart money has been selling this whole time.
2) My wave theory shows a clear WXY pattern that has now been completed. We can't currently be in an impulsive wave to the upside because there is too much overlapping.
3) Trade deal is NOT coming soon. Polymarket predicts only 19% odds for a US-China trade deal to happen before June. The tariff situation does not look good, and it isn't priced in anymore as we have retraced the entire tariff dump already.
4) The market is currently trading far above liquidity based fair value, which has been plummeting in recent weeks indicating that a drop is bound to happen soon for risk prices. To reach the fair price, the SPY should trade about 30% lower than current prices. This gives us enormous room for a cascade to the downside.
$SPY Possible simulation with COVID, Bottom at 495 then ATH 630Lowest RSI since COVID , highest daily volume for years! but if copy the wave of COVID drop we can see some similarities. bottom by 2nd week April at 495 then consolidation at 530 then up and fighting zone between 550-560 then up and small top on June/July then All time high in Sep at 630. the idea, take long dated strangles options