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SpyThis post here analysis is more about the longer term picture (Months).. It's been awhile, so here we go. Lets start with TVC:NYA This represents 3000 stocks and gives a better picture of the market then S&P which is heavily weight tech. Weekly chart - We are at the top of a 15year resistance. Price slightly broke above it but was slammed back inside last week. As you can see the structure is a wedge and I believe that over the next weeks and months NYA will correct back to wedge support or 17,500 This drop will be 8-10% and weigh heavily on the broader market and cylicals Next up Is Dow jones or DJI Weekly chart is pretty much identical to NYA so the analysis is the same Daily chart My correction target is 38,000 Or 10% drop AMEX:IWM Surprised? Similar chart as DJI and NYA. Only difference was that parabolic move I circled that happen late Nov on the presidential election of 2020. Otherwise this 15yr trendline resistance has stayed resilient. We tagged resistance near ATH and I think we will get one more push back up to 236-239 before it's goodnight. Daily chart AMEX:IWM My pullback target will be trendline support or 208/210 price action which would represent a 14$ drop from ATH IXIC (Nasdaq) I'm charting the Nasdaq instead of QQQ/NDX because QQQ only covers the top 100 tech names while IXIC covers all tech Weekly chart Closed up near top of resistance of Weekly channel. I circled the fake breakouts and break downs. What was really bad about this week was the Dark cloud cover candle on the weekly .. This candle is pretty rare to see on the indexes; for reference I had to scroll back almost 10yrs and here's what I saw July 20, 2015 My target for the nasdaq will between 17,500 - 17,800 Which would represent a 10% drop from ATH. These are weekly charts and weekly forecast which means these corrections may take anywhere from 45-60 days to play out but I think it will happen before the election.. it's important to trade the time frame you are using. For example, you don't want to take this analysis and just start 0dte puts or buying weeklies.. like I said this may take 2months to play out. Also this is just the weekly, the hourly has now been severely oversold as a result of 3days of chop and 2 days of and I think the market will rally back up near ATH before the sell begins so don't go chasing shorts early.. imagine last week's leg down as the center line in a double top. I think early this week we'll rally up to make the right top. Afterwards we should chop for thanks giving and drop afterwards like so AMEX:SPY is 14% extended from its weekly 50sma. Last three times this happened spy corrected 8-10% within 30-50 days My correction target for the Spy is 540 or 200sma which would represent a 10% pullback from ATH So a summary of this post is, I expect a push to the upside early this week and then if the sell does not happen by Thursday then it won't happen till after Thanksgiving
AMEX:SPYShort
by ContraryTrader
5
$SPY November 20, 2024AMEX:SPY November 20, 2024 15 Minutes. AMEX:SPY had a gap down. But did not break the recent low of 583.86 which I have taken as the starting point for current move. It took support at 200 averages in 60 minutes and started to move up. Noe for the move 583.86 to 589.49 to the fall 584.02 the first target is 592-593 levels as in box. In 15 minutes, we have 9,21,50 and 100 averages consolidated. So, for the rise 584.02 to 591.06 holding 586-587 levels, we target for 592-593 levels. 592-593 is important because it is also 61.8% retracement for the fall 599 to 584 levels. It is also 20 averages in 15 minutes. Hence, I expect a consolidation to happen between 591-593 levels today for a move tomorrow or Friday.
AMEX:SPYLong
by RiderTrader
6
SPY/QQQ Plan Your Trade For 11-21 : Harami Inside PatternToday's Pattern suggests the SPY will consolidate in a Harami-Inside day type of price action. In today's video, I highlight the continued potential for a price Anomaly event, even though we are seeing mostly post-election bullish price activity. I do believe the proposed Anomaly event is highly likely headed into the Thanksgiving & Christmas holiday season. Gold and Silver may stall a bit before attempting to rally further. Silver is not reacting similar to Gold, thus I have concerns that metals may stall a bit before attempting a bigger move higher. BTCUSD is on track to rally up to $100k - just as I predicted. Get some today. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
9
$SPY November 19, 2024AMEX:SPY November 19, 2024 15 Minutes for the rise 574 to 600 it retraced back 61.8% to 584 levels. For the fall 595 to 583 it retrace 61.8% levels to 589.5 yesterday. The range give earlier buy above 583 for 589 590 is done. For the last rise 583.86 to 589.48 AMEX:SPY retraced 50% to 587 levels. So, holding 586 we will have a target 589-592 levels now. In 15 minutes 9,21,50 all is consolidated so I expect a move Upwards to 590 levels. Also 588.5 is 200 averages in 5 minutes.
AMEX:SPYLong
by RiderTrader
5
SPY/QQQ Plan Your Trade For 11-20 : Flat-Down PatternToday's Flat Down Pattern suggests the SPY & QQQ will trail downward a bit within the current #2 sideways flagging pattern. I believe this setup is indicative of a broader breakdown (Anomaly Event) playing out headed into Thanksgiving and into the end of the year. Gold and Silver are also moving in an Inverted Excess Phase Peak pattern - struggling near a Phase #3 (sideways consolidation) range. This move will resolve to the upside if my research is correct, yet we could also see Gold and Silver move into a very large Phase #2 type of EPP phase (Flagging downward). This could setup a very large upward price rally in Gold and Silver over the next 60+ days. BTCUSD is struggling to break to new highs. Although I see a confirmed bullish trend because of a recent new Higher High, I also see BTCUSD struggling to continue to make new highs right now. Because of this, I see some potential for a breakdown if BTCUSD is unable to rally to new highs within the next 5 to 6+ hours. Remember, price must always attempt to make new highs or new lows. Failure to make a new high means price must then attempt to make a new low. Failure to make a new low means price must then attempt to make a new high. These are the RULES OF MARKET PRICE ACTIVITY. Once you learn to use/follow them, trading becomes a bit easier to understand. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
SPY: Charting the Path - Technical Analysis for Nov. 19, 2024Technical Analysis Overview: SPY (S&P 500 ETF) has been oscillating between critical support and resistance levels, with a potential breakout or breakdown brewing. Traders should prepare for significant moves as the price consolidates, providing scalping and swing trading opportunities. Price Action Insights: 1. Trendline Analysis: * A visible downtrend channel is guiding the price lower. However, recent consolidation around $587-$588 hints at a potential reversal or continuation. 2. Key Levels: * Resistance: $591.50 — Breaking above this could trigger a bullish move toward $601. * Support: $583.80 — A drop below this may lead to further downside toward $579-$578. 3. Supply and Demand Zones: * Demand Zone: $578-$583 — Strong buying interest is likely around this area. * Supply Zone: $590-$593 — Sellers are expected to defend this range aggressively. 4. Order Blocks: * Watch for price reactions in the $583-$588 consolidation zone, as it could define the direction for the next move. Indicator Analysis: 1. EMA Strategy: * 9 EMA and 21 EMA: A bearish alignment remains, but the flattening EMAs indicate a potential pause in selling pressure. 2. MACD: * The MACD line is attempting to cross above the signal line, signaling a potential bullish divergence. Game Plan for Scalping: 1. Entry Points: * Long: Above $588, targeting $591-$593. * Short: Below $583, targeting $580-$578. 2. Exit Points: * Focus on tight take-profit levels to secure gains within the defined ranges. Game Plan for Swing Trading: 1. Bullish Scenario: * Entry: Above $591.50 with confirmation of strength. * Target 1: $601; Target 2: $605. * Stop Loss: Below $587. 2. Bearish Scenario: * Entry: Below $583 with strong selling momentum. * Target 1: $578; Target 2: $573. * Stop Loss: Above $588. Thoughts and Suggestions: SPY is consolidating near crucial levels. Scalpers can trade within the defined range, while swing traders should wait for a confirmed breakout or breakdown before entering positions. Monitor volume and macroeconomic catalysts to refine your strategy. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research before trading.
AMEX:SPY
by BullBear-Insights
1
SPY/QQQ Plan Your Trade For 11-15: GAP-Reversal Counter-TrendToday's Pattern suggests the SPY will GAP downward at the open and attempt to identify a base/bottom throughout the day. I belive this move may represent a pause in the downward trend, shifting into a FLAGGING pattern as part of a broader Excess Phase Peak pattern. If I'm correct, we are going to move into a moderate BUYing opportunity for the SPY/QQQ lasting into Tuesday/Wednesday of next week. Gold and Silver appear to be setting up a base/bottom off a very deep Phase #5 (Ultimate Low) of a current Excess Phase Peak pattern. This means, if we continue to get confirmation, that Gold and Silver will attempt to move higher and attempt to move into the Phase #3 of the Excess Phase Peak pattern (a move into a consolidation phase). BTCUSD is current exhibiting a dual type of Excess Phase Peak pattern that suggests a broader breakdown is in the works. Possibly back down to 78-82k. This could be a very big contraction event for BTCUSD. Buckle up. Happy Friday. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
1
Bitcoin Breaks To New Highs - $100.5K Is The Likely TargetI created this short video to help traders understand how Fibonacci Price Theory works using BTCUSD. This move suggests that BTCUSD will attempt to rally above $95k and target $100.5k in the next trending phase. BTCUSD broke away from the Excess Phase peak Flagging formation (#2) very clearly today. At this point, there is very little downside price risk unless price breaks below $86.8k. I also review Gold/Silver and the SPY/QQQ to help traders prepare for the BIG SHIFT into my proposed Anomaly Event. Here we go.. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY LOVERS, BE READY ! This week, I decided to remove some objects I had in the chart history as references, which we’ve been analyzing, to make some space and clean up the chart a bit. After reaching all-time highs, the price has naturally begun a retracement. But what’s new in technical analysis? Let’s analyze the price together: In this case, I added an ascending channel where the price follows an upward sequence, bouncing between support and resistance. Here’s the million-dollar question: How much further can the price drop? If we look at the chart, I marked a very important line in red or maroon color at $575.12, which aligns with a resistance pivot and two indecisive candlesticks with identical volumetric bodies. Often, indecisive levels are key to how the market makes sudden decisions after an indecisive candle. In this case, if we pay closer attention, the indecisive level marked in maroon color is positioned exactly at the support of the ascending channel. This suggests how far the price might fall, and we could potentially see a rebound. For me, this would be the primary scenario. But... If the price breaks through this level, my second scenario would be a drop to the order block. Since this level has acted as both support and resistance in the past, I can validate it as my secondary inflection zone or "Inflection Block." You might wonder: What on earth is an inflection zone? As I’ve mentioned multiple times and explained in some of my analysis, inflection zones—or points of inflection—represent moments where there’s a significant change in the price’s direction within a trend, whether in a market, an asset, or an economy. On a trading chart, an inflection point is the spot where the chart changes direction or marks an important decision. An inflection zone can also be a historical area on a chart. As we can see, my order block is already being considered an inflection zone because the price has historically made key moves within it. and i called it "Inflection Block" (See the white arrows). Thank you for supporting my analysis. TRADE SAFE Best regards!
AMEX:SPYShort
by RocketMike111
SPY in Downtrend: Key Levels and Trade Setups for Nov. 15, 2024Trading Plan and Technical Analysis for SPY Overview SPY has shown a sharp downward trend recently, with price action reflecting bearish momentum. In this setup, I’ll cover important support and resistance levels, supply and demand zones, and potential entry/exit points for both scalping and swing trades. Key Levels Support Zones: $591: This is the immediate support level. A break below this could signal further downside momentum. $585: If SPY fails to hold above $591, this level becomes the next target and is a key zone where buyers may step in. Resistance Zones: $594.34 - $594.96: This area served as previous support and may now act as resistance. A strong push above this range could indicate a potential reversal. $599.16: If SPY can break through $594 with volume, the next significant resistance is around $599. Price Action & Supply/Demand Zones Demand Zone: Between $585 and $591, where SPY may find buying interest if the downward pressure subsides. Supply Zone: The region around $594.34 - $594.96. If price approaches this zone, watch for potential selling or resistance unless there’s a strong breakout. Order Blocks & Market Structure Bearish Order Block: Around $594.34 - $594.96, where sellers previously gained control. This area is a critical level for bears to defend if the downtrend is to continue. Potential Bullish Reversal: If SPY can reclaim and hold above $594.96, it could signal a shift toward bullish sentiment, at least for a short-term bounce. Entry & Exit Suggestions Scalping Entry: For short scalps, look to enter around $591 on breakdowns or quick bounces, targeting $588 with a tight stop above $592. Swing Trade Entry: Consider entering near $585 if SPY reaches this level and shows signs of support, with a potential target around $594.34. Use a stop-loss below $584 to manage risk. Directional Outlook Bearish Scenario: If SPY fails to hold $591, look for further downside, with $585 as the next key target. Bullish Reversal Potential: For a bullish reversal, SPY needs to break above $594.96 with volume. This could lead to a short-term move toward $599.16. Thoughts and Suggestions With the current downtrend, scalpers should focus on quick plays around the support levels. Swing traders may find opportunity if SPY shows signs of strength at $585, but it’s crucial to be cautious until a clearer reversal signal emerges. Disclaimer This analysis is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a financial advisor before making trading decisions.
AMEX:SPY
by BullBear-Insights
2
SPY/QQQ Plan Your Trade For 11-14 : Temp Bottom In Trend ModeToday's pattern suggests the SPY will attempt to continue to flag sideways and slightly higher after finding support in early trading. Watch my video in detail. I go into a lot of longer-term price pattern detail and discuss the post-election setup of my Anomaly Event expectation. As I see the markets right now, they have moved, and continue to move in a direction that is likely to present a very real moderate crisis event over the next 3 to 6+ months. The stronger US Dollar is very likely to put pressure on foreign markets/debt related to the "carry trade" that was abundant before and after COVID. The Trump win is sending the markets into a Super-Predator mode (maybe I'll create a new video about this), where global markets, central banks, and global financial institutions may be at risk related to their long-term debt positions. At this point, The SPY and the QQQ will likely slide into a consolidation phase (a type of FLAGGING related to the broader Excess Phase Peak pattern) over the next 3+ days. Then, I expect the Anomaly Event to start to take shape and for the SPY/QQQ to begin a downward price trend. Gold and Silver are struggling to find a bottom as the US Dollar continues to rally. Don't expect any relief for metals as along as the US Dollar is rallying like this. This is a predatory shift related to global assets and Gold/Silver are going to stay weaker for as long as this shift continues. BTCUSD may rally up to $108k~120k if my research is correct. BTCUSD is in a "rally to the ultimate high" mode based on a very large Weekly Excess Phase Peak pattern. Remember, everything you need to know is already on the price chart. You just have to learn to identify these patterns and spend some time looking around at various intervals to figure out what is going to happen next. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
SPY: Reversal or Continuation? Nov. 18, 2024SPY) is rebounding after a sharp sell-off, with price approaching critical resistance levels. With strong volume near recent lows, it’s a crucial moment for traders to watch for breakout or rejection opportunities. Here’s a detailed trading plan for scalping and swing setups. Technical Overview: Market Structure: Trend: SPY remains in a short-term downtrend, but the current bounce from the lows indicates potential bullish momentum. EMA Levels: The 9 EMA (purple) and 21 EMA (blue) are converging, creating a dynamic resistance zone near $590. Key Levels: Resistance Zones: $594.50 – Immediate resistance aligned with EMA confluence. $601.00 – Psychological resistance and key supply zone. Support Zones: $583.00 – Current support zone where buyers stepped in. $580.00 – Critical demand zone and psychological support. Supply and Demand Zones: Demand Zone: $580.00–$583.00, where buyers have shown strong interest. Supply Zone: $594.50–$601.00, where sellers have consistently stepped in. Indicators: MACD: Shows bullish divergence, with momentum building on the histogram. Volume: Increased green volume bars indicate growing buyer interest near $583.00. Pattern: Potential inverted head and shoulders forming, signaling a possible reversal if $594.50 breaks. Game Plan: Scalping Plan (1-Min and 5-Min Timeframe): Entry for Long: Buy if price breaks above $594.50 with strong volume. Target 1: $598.00 (scalp to mid-resistance). Target 2: $601.00 (supply zone). Entry for Short: Sell if price rejects $594.50 or breaks below $583.00. Target 1: $580.50 (psychological support). Target 2: $580.00 (demand zone test). Stop Loss: Long: Below $593.00. Short: Above $595.50. Swing Trade Plan: Bullish Scenario: Buy if price holds above $583.00 and breaks $594.50. Target 1: $601.00 (supply zone). Extended Target: $610.00 (potential breakout level). Stop Loss: Below $580.00. Bearish Scenario: Sell if price fails to hold $583.00 and breaks below $580.00. Target 1: $570.00 (next demand zone). Extended Target: $560.00 (potential lower low). Stop Loss: Above $584.50. My Thoughts: For Scalping: Watch for a breakout or rejection at $594.50 for momentum trades. The volume profile near $583.00 suggests strong buyer interest, so tight risk management is key for shorts. For Swing Trades: Price above $594.50 could signal a bullish reversal, while failure to hold $583.00 opens the door for further downside. Directional Bias: Short-term: Neutral-to-bullish if $594.50 breaks with strong momentum. Mid-term: Slightly bearish unless SPY reclaims $601.00. Actionable Suggestions: Use the $594.50 resistance and $583.00 support as key levels for entries. Focus on volume and price action at these levels for scalping and swing setups. Avoid trading within the $583.00–$594.50 range to reduce noise and increase risk/reward. Disclaimer: This analysis is for educational purposes only and not financial advice. Always use proper risk management when trading.
AMEX:SPY
by BullBear-Insights
S&P 500 Market Update Part 2 + Trade Plan AMEX:SPY Greetings everyone, Let’s analyze the recent price action of the S&P 500. I SPY 🕵️with my eye a reversal . The index reached a key milestone, breaking above $600 USD shortly after the US election. However, this achievement was short-lived. After briefly crossing the $600 level, it was quickly rejected, falling back below—a classic case of what traders often call a fakeout or a “look above and fail.” Momentum Shift: A Rollercoaster Analogy Imagine a rollercoaster that has climbed to its peak with tremendous force (the catalyst). The potential energy built up from the climb is unleashed as it starts descending rapidly. Similarly, after a period of intense buying pressure, the market often runs out of steam, stalling and reversing direction—just like our rollercoaster hurtling back downward after reaching its height. What Happened Next? Following the breakout, extreme selling pressure set in, driving prices down sharply. During market hours, the price bounced between highs and lows, showing signs of uncertainty and volatility. Renewed Interest and Its Consequences As the price dipped, confident buyers stepped in, creating a back-and-forth movement akin to a seesaw. This tug-of-war in price action is evident in the bear flag pattern which formed on the chart. While the bear flag doesn’t guarantee further downside, it often signals the potential for continued selling pressure based on historical patterns. What’s next for the S&P 500? I have my long term support target which I expect price may revisit in order to build enough momentum aka buying pressure. For its next major move - whether it’s up once more or continued lower Major Levels: 586 Major SR 591 Strong Resistance as of late 596.89 Zone to consider going long if price renters and holds. Trade Plan: I gave out the trade idea to short if priced Reversed at $600 in my previous market post. Give it a like 👍. If you were able to catch that trade through reading my previous or on your own accord please like or drop a comment on how you executed the trade. Trade Plan Assuming you were trading since 600, I would be de-risk by taking some profit. Setup: 1. Bearish engulfing at major resistance levels & short to the previous lower levels. 2. I would also be looking for a strong reversal at the levels noted to re-enter the short. 3. The end goal is 588.xx + a small margin of error. Thanks, - C Lemard
AMEX:SPYShort
by coilemard
1