$SPY July 10, 2024AMEX:SPY July 10, 2024
15 Minutes.
I need a pull back.
Oscillator divergence at play.
556-558 targets done.
Now a pull back to 553 levels is a must to sort out divergences.
I am still waiting as per marked box numbers.
SPY trade ideas
Is SPY Overbought?SPY is approaching resistance on a trend line…..be cautious on establishing long positions…..we could see some bearish momentum soon especially being that we’re approaching these levels at the same time as some key inflation (CPI) data on Thursday…..I plan to hold off until then on big positions and see how the market reacts to the data.
SPY/QQQ Plan Your Trade July 9 - End Of Day FollowupToday's Momentum Rally never really showed up.
Remember, I've been warning you these SPY cycle patterns are not 100% accurate all the time. They've done a fantastic job of calling the markets correctly over the past 17+ days. But, today, the Momentum Rally never really materialized.
As you'll see in this video, I believe the momentum for a bullish price move was muted today because of the Fed comments and lack of data.
In short, the Fed comments took the momentum away, and price struggled to find any real trend.
But the momentum for a bullish price move is still there. It is inherently biased toward price. So, I believe we could see a very big (explosive) move to the upside over the next 4+ trading days.
Stay patient. This is a great example of learning to wait for the best setups.
If my analysis is correct, this current setup could be a very big winner. The bullish price bias may explode to the upside over the next four to five days.
Get some.
SPY... Wolfe Wave Calling ??Calling a meaningful top in this equity market for most, has for the most part, been an unrewarding excercise.
Better to read the tea leaves ... go with the new trend/correction and try to profit from it.
I believe there is a Bearish Wolfe Wave formation in process for the SPY.
On my chart I have marked an ideal top in the 545-547 area.
BUT I also need momentum to roll over.
As a confirmation, a break of 540 should be in place .... My target is 532.
Don't chase this !! .. if it happens it happens.
Not investment advice. Do your own due diligence
S.
SPY seems ready for the correctionbearish divergence
Overbought
ascending channel at the long up run
Expired SPY Weekly outlook. 2nd WK JULY 2024Expired SPY Weekly outlook. 2nd WK JULY 2024
> BULLISH 📈 CORRECT
Closed Price: 554.64
Target Price: 556 | Strike Price: 556.89 on JULY 9, 2024
Upper Range: 572
Lower Range: 541
spy ath/ nvda calls Market had a needed correction yesterday (monday). with ath in premarket, today should be a good day. spy has support around 555.60. AMEX:SPY
SPY chart idea for shucks and gigglesShorter term outlook as we seem to be losing a little momentum at these highs with the rounding top look. Exhaustion might set in and what took so long to build can be taken away with an elevator rider back down. Not calling top, just playing with the idea here.
07/09 SPY Levels and ATR RangesBig Pappa Pump is talking this morning, SPY ATR is at 4.27$
We got big reports happening on Thursday, but other than that the reports are pretty weak. Looking for a pull back and bounce round 553.92 as low at 551.11 if we pull further I am really looking for the bounce around 551.11 yesterdays low of the day.
If we get upside action we are certainly going past 556.65, especially if we pop past 555.48 with volume and price action the BIDs gotta pull waaaay past the ASK - possibly 559.44 area before we go back to test 556 area.
SCALP
SR2 557.69
SR1 557.14
SPOP 556.58
LAST PRICE 556.03
SBREAK 555.48
SS1 554.92
SS2 554.37
STANDARD
R2 561.58
R1 559.44
POP 558.16
LAST PRICE 556.03
BREAK 553.92
S1 552.23
S2 551.11
SPY/QQQ Plan Your Trade - Momentum Rally Day Is HereToday's SPY Cycle Pattern is a Momentum Rally pattern in TREND mode.
This suggests price will rally today - possibly targeting $558-559 or higher.
The next 2-3 trading days should be very powerful for LONGS. My SPY Cycle Patterns have predicted the past 2+ weeks of price movement and continue to suggest upward price trending until July 15th or so.
Then, we move into an exhaustion peak price action - eventually rolling back downward to find support.
Get ready. The next big move will take place after July 23-24, setting up another great opportunity for skilled traders.
Get some today.
SPY: Will it respect Fibonacci?Based on my wave count, SPY is in its final wave leg up and we should see a rejection around 560. I'm seeing an extended wave 5 and will continue to look at other possible wave counts between major waves, but the thesis remains the same in that SPY will correct soon. PT1 is 546 and PT2 is 532
spy short oppurtunity next week spy correction next week. No interest rates raise for sept. triple top, i don't foresee new highs
$SPY July 9, 2023AMEX:SPY July 9, 2023
15 minutes.
AMEX:SPY resisting the fall.
Gap up was not strong.
As per my previous day analysis i am short.
I will cover around 553 levels.
I feel AMEX:SPY extended in all time frames and expect 553 levels which is 200 MA in 5 minutes.
Being a trader only on moving averages and Fibs i always liked my prices not extended far off.
And we have an oscillator divergence.
SPY Long IdeaSPY is making new all time highs once again. Has a nice breakout here, I'll be looking for longs on a retest of the trendline below, if that doesn't hold, I'd expect to come back down to the $550 area before bouncing again.
SPY/QQQ Plan Your Trade 7/8 Followup AnalysisI couldn't have predicted today's price trend any better. The SPY Cycle Pattern, Flat-Down pattern, worked out perfectly today. Although I expected a bit more downside price activity earlier in the trading day, the fact that today's price action in the SPY & QQQ is generally FLAT-DOWN is perfect.
Remember, this pattern was predicted more than 24 months ago. It warned us that today would likely be a narrow-range price bar, and tomorrow, Wednesday, and Thursday will be strong upward-trending bars.
Are you ready for the next big price move? How nice would it be to know 5+ days in advance what price is likely to do so you can plan your trades more efficiently? Learn to wait for the best setups, then go get them.
Watch this video. Now, we will see if the current price FLAG resolves to the upside, as I expect.
Why do I expect price to move higher into the close? Because tomorrow's pattern is a Momentum Rally in CARRYOVER mode.
Go Get Some.
SPY ATR Levels and LinesGood morning, Happy Monday. SPY ATR is 4.30$ today. Its Monday, I dont know what to expect and the reports are looking kind of weak on the importance side. We are starting 2nd quarter earnings for the big boys and girls this week and into the rest of this month. Gonna be really silly I think in the way of price action. I am looking for these levels to come into play and looking for price action and volume to help me dictate what they will be doing at that time. Good luck to everyone and hope you hit the lottery today in the market.
SCALP
SR2 556.82
SR1 556.26
SPOP 555.70
LAST PRICE 555.14
SBREAK 554.58
SS1 554.02
SS2 553.46
Standard ATR LEVELS
R2 560.73
R1 558.58
POP 557.29
LAST PRICE 555.14
BREAK 553.01
S1 551.31
S2 550.18
Short idea for SPY using ICT liquidity methodologySince there is large selling pressure at the current level, but not enough price action (yet) we can assume that there is a sell side sentiment for the market to correct itself before a higher push for the upside (i.e. there must be consolidation to the downside before bullish sentiment can resume).
Additionally, due to the mixed news with the Fed vs unemployment rates, it is to be expected investors will be wary as CPI data is released
$SPY July 8, 2024AMEX:SPY July 8, 2024
15 Minutes.
AMEX:SPY overextended in this time frame.
A pull back to 548 550 can be expected before moving upwards.
By consolidation we can expect 570 levels as seen in 180-minute time frame.
The move from 493 to 533 to 518 has 558 as the 100% extension which is the first target.
In 15 minutes, I will short at 555-556 level for 552 levels.
SPY/QQQ Plan Your Trade July 7 thru July25 - 3 Weeks AheadThanks for all your comments and boosts.
Remember, it is almost impossible to predict price range/movement 3~4 weeks in advance accurately - as I'm trying to show you with this video.
What I see happening over the next 3+ weeks is a continued rally phase for about five days, then an exhaustion peak sets up (a Last Engulfing pattern), followed by a short (2~4 day) contraction in price, leading to a FLAGGING pattern (sideways), before price attempts to move higher again on July 24~25.
If my analysis is accurate, there are two or three very opportunistic trading moves over the next three weeks. Additionally, for day traders, we will see some considerable price volatility start to set up after July 15.
Many of you have asked how I'm able to do this accurately. The simple answer is that I've been training myself to use my SPY Cycle Patterns and research/TA skills to attempt to "see into the future" with some degree of accuracy. Of course, I'm not 100% accurate all the time, but I think I provide incredible value for skilled traders.
Knowing what to expect over the next two to three weeks can provide incredible insight into planning and trade decisions. That is what my SPY Cycle Patterns are all about.
Combine that with some skills related to TA and Fibonacci Price Theory, and I think anyone could attempt to do what I'm doing on this chart with some practice.
I will state this as clearly as I can... When my analysis aligns with YOUR analysis (regarding price trends/direction/range), I believe you can be more aggressive in your trading style. Otherwise, if I tell you, the price will be choppy and consolidated, cut your allocation levels to 25~50% and trade only for quick price objectives.
I fully believe in waiting for prices to develop the best opportunities and not trying to trade every day.
I'll be updating this outlook every morning with short videos.
Go get some.
SPY new all time highs again!SPY beautiful weekly chart, breaking into new all time highs yet again. I can recall back when we cleared the 2021 pandemic peak of $480 in February to new all time highs that the market was going down ... now almost 6 months later how are the shorts doing at $554?
SPY WEEKLY JULY 8 2024SPY weekly is here. If you have any doubts feel free to DM me here.
I have clearly discussed the long levels. Go through the analysis and focus on understanding what price is trying to tell you
~ July 6th 2024 - S&P 500 SPY ...first half resistance breaks - S&P 500 SPY raging BULL took some breathers in the first half of 2024 ... 524.61, 533.07 and now testing and breaking 550.28 ....
SPY: First week of JulyA little bit of a longer video, but just explaining some observations I have noticed.
As well, going into next week, SPY will get new 3 month levels, new monthly levels and new 6 month levels with the corresponding high prob target. I will share those into Monday when they become available.
Safe trades everyone and thanks for watching!
