SPY trade ideas
SPY/QQQ Plan Your Trade - 7-23 - Price Consolidates Before RallyGood morning,
This is the Plan Your Trade video for July 23, 2024.
Please watch this video to learn why you may want to consider the next 36+ hours as a STAY AWAY type of trading range.
The SPY Cycle Patterns suggest the price will consolidate today (23) and tomorrow (24) before attempting to move into a solid Rally phase on the 25.
I believe the next 36 hours should only be played by skilled day traders. When the price stays choppy and in a very tight range, there is minimal opportunity to catch moderate swing trades.
Remember, any price move below 554 on the SPY chart will likely be rejected higher - setting up multiple base/bottom levels over the next 36 to 48 hours. Those moves below 554 may become solid entry levels for my expected Bullish rally phase on the 25th and beyond.
This is one of those lessons where the patterns show very tight price ranges over the next two days. That reflects a minimal opportunity for day traders.
But remember, we are basing/bottoming ahead of the 25th+ rally phase. So, this still presents an excellent opportunity to plan/prepare/execute a broader trading plan.
$SPY July 23, 2024AMEX:SPY July 23, 2024
15 Minutes.
The gap up helped AMEX:SPY to achieve 554-555 easily.
At the moment gap not filled in 15 minutes. So, this move is good.
If we draw extension from 547.9 to 554.46 to 551.03. we have first target as 557 to 561 levels.
So, consider the last rise from 551.03 to 555.27 AMEX:SPY need to hold 552 levels to continue the uptrend.
As written many times. Daily is still up. No change. To get trades I do 15 minutes.
For the fall 565.16 to 547.9 we have 61.8% retracement as 558 levels. So, this also supports 556 557 as initial target.
The oscillator divergence played out well during the fall.
At the moment i am long from 552 levels.
Spy longs opportunity if we FTGL tomorrow If we aren't ready for the move lower we will see an hourly failed bs above 550 giving up price targets to 552 then 554
SPY 552.80 gap to be filledThe chart is showing a green line where there was a gap up on the SPY 1 min chart. Looking for puts to fill this in the next 2 days.
Daily Recap for SPY QQQ VX & MoreSorry for the audio, I don't have time to re-record this, not sure why my mic is cutting out like that.
It's just a quick review of today's action, it was a nice rally, but we are coming back into a lot of reisistance above.
7/11/2024 Three major turns focus three spiralsJuly 11 is the same date as Trump Sentencing date The spirals are ALL from peaks . I would tend to think This is a date we will see real issue at each one of these dates the markets began declines . Even thought I will be moving back into march 2025 puts rather soon if we are in any rally into this date I will most likely be 100% long PUTS
SPY/QQQ Plan Your Trade For 7-22 - Making Your Own DecisionsMorning again,
This morning, I received many questions from subscribers and other members asking, "What should I do?" Should I buy, wait, or what?
I won't tell you guys what to do every 10 minutes. I deliver this research, the SPY Cycle Patterns, and other content to help you make better trading decisions.
I put together this video to better explain my expectations about the morning rally and subsequent pullback.
This is very important because my job is not to tell you when to trade and what to do. My job is to teach you the skills to make your own decisions.
Honestly, if you don't know what you want to do regarding trades, don't take any trades at all. Wait it out a bit.
I know all of you want to know what's going on in my head, but it is illegal and unethical for me to tell you what you should do regarding trading.
I deliver the most precise content I can - ensuring you see and understand what I believe is likely to happen. From there - you make all the decisions.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
S&P 500 ETF (SPY) Pulls Back Within Bullish ChannelThis image shows a price chart for the SPDR S&P 500 ETF Trust (ticker: SPY), which tracks the S&P 500 index. Here's an analysis of the chart:
1. Trend: The overall trend is bullish, with the price moving upwards within an ascending channel marked by green dotted lines.
2. Recent price action: There's been a pullback in the most recent candles, with a significant red candle indicating a drop in price. The current price is around $550.43, down 4.28 points (-0.77%) from the previous close.
3. Support and resistance: The lower boundary of the channel may act as support if the price continues to fall. The upper boundary could serve as resistance for future upward movements.
4. Volume: The volume bars at the bottom show varying levels of trading activity. There's a notable spike in volume coinciding with the recent price drop, suggesting increased selling pressure.
5. Market sentiment: The recent pullback might indicate some short-term bearish sentiment or profit-taking after a sustained uptrend.
6. Key levels: The psychological level of $550 seems to be important, as the price is currently hovering around this area.
In conclusion, while the SPY has been in a strong uptrend, the recent pullback suggests some caution. Traders and investors might be watching to see if the price finds support at the lower channel boundary or if this could be the start of a larger correction.
07/22 SPY ATR Levels and RangeThe ATR of the SPY continue to get larger, again this could and very well is a cause of the downside action, it still calculates into the ATR regardless.
We got a clustering of price action below where we currently are something I am looking at for a bounce range.
Bulls wanna protect 549.60 level
Bears want to fall through 549 and drag this down to 547.80
Bulls want to hold this 549.6 to 550/80 area and push up through 554.08 reclaim 556
Lots of geopolitical news out this weekend and as usual the market is in FUD mode.
And the CNN GnF meter is showing NEUTRAL!!!
Good luck
SPY/QQQ Plan Your Trae For 7-22 - Topping PatternGood morning,
I hope all of you had a wonderful weekend.
Today, we start the trading week with a Topping pattern on my SPY Cycle Patterns. That means we should see the SPY/QQQ rally higher, attempt to find a resistance/peak price level, and then roll downward (moving away from that resistance area).
Over the past four weeks, I've been amazed at the accuracy of my SPY Cycle Patterns. Can you believe I've been able to predict more than twenty trading days into the future—calling rallies, selloffs, tops, bottoms, and congestion periods almost perfectly?
Sometimes I get the "well, you were wrong about WHATEVER" type of comments from viewers.
I may have been wrong about one or two things in my expectations related to how price would move, react, or trend. But, I challenge anyone to attempt to accurately predict 3+ weeks of future price trends, action, direction, or expectations as I do. If you think you can do any better than what I'm doing - go ahead and give it a try. Let me know how it works out for you.
Again, I'm not suggesting my SPY Cycle Patterns are 100% accurate, but I've never seen any other technology or AI like it. Nothing on the planet can predict the SPY/QQQ future price moves like my SPY Cycle Patterns and my own skills applied to interpreting them to reflect accurate future expectations.
We have one more week to go with the SPY Cycle Patterns, and then I have to decide if I want to continue giving this away or not. Hearing all the great comments has been fun, but I want traders to understand this is a premium solution. This is not the average comment/suggestion you get from someone else.
In my opinion, and you can make this decision on your own, this proven technology appears to work better than anything else I've ever seen. There is no place where you can see 2~3 weeks into the future for the SPY/QQQ and have any confidence in the data presented.
Get ready. We have 2~3 days of basing/consolidation before we shift into a moderately strong bullish breakout/rally phase near the 24~25 of July.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
$SPY July 22, 2024AMEX:SPY July 22, 2024
15 Minutes.
The Oscillator divergence did not sort out between 563 - 565 levels.
Now again we have a divergence as AMEX:SPY making LL but oscillator did not make LL.
So, a bounce back expected for the fall 559.53 to 547.9.
The 61.8% retracement is 555 levels.
We could be resisted in this at 552.5 being 50-day average.
If we take the last fall from 554.05 to 547.9, we have 551.7 as 61.8% retracement.
Hence for the day i expect 551 to 554 move which could give an opportunity to short.
$SPY Tomorrow's Trading Range and all the levels in itAMEX:SPY Tomorrow's Trading Range and all the levels in it
Ok... this is tomorrow's Trading Range.
We are kicking off Earnings season in full force this week.
20% of the S&P is reporting
Earnings Reports:
Google (GOOG) and Tesla (TSLA) report earnings on Tuesday. Both have the potential to significantly impact the market.
Other notable reports include Waste Management (WM), AT&T (T), Visa (V), Coca-Cola (KO), and 3M (MMM).
Flash PMI:
Scheduled for Wednesday at 9:45 AM, this will indicate economic health, showing perceived market expansion or contraction.
Advanced GDP:
Released Thursday, this first look at Q2 GDP can significantly influence market sentiment.
Core PCE:
Out on Friday, this inflation measure will be closely watched. A low reading could spark a market rally, while a high reading might lead to selling.
US Politics:
Potential developments include a decision from the incumbent not to seek the Democratic nomination, which could impact the market depending on the endorsement of another candidate.
SPY WEEKLY 22 JULY 2024This is my analysis of SPY.I have discussed how to trade & why to wait for further price action.
NOTE: WAIT FOR FURTHER PRICE ACTION
SPY/ES shorts opportunity We are set up for a weekly pullback continuation. Daily downtrend continuation to key area of chart structure around 542. Back below 548, shorts price target will be 545 then 543 hourly levels
Spy Puts Or CallsUnder 548 I would buying Puts. Over 549 I would but calls. nothing longer than weekly
SPY FIB LEVELS and GAPS!not sure which way this will turn but IM LOOKING! THINKING A RETEST AT GOLDEN AREA
Weekly Analysis for 7/22/2024Some thoughts and analysis for the upcoming week. We have a lot going on in the world and I expect some more volatility moving forward. It looks to me like a lot of stocks are setting up for a nice bounce after last week's pullback, but they could just as easily go the other way. If no bounce soon, I think it gets ugly fast.
SPY: Will Keep Growing! Here is Why:
Looking at the chart of SPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
❤️ Please, support our work with like & comment! ❤️
SPY/QQQ Plan Your Trade 7-20 - PineScript Project FeedbackI've been playing with this little project for about 7 hours now (off and on). Pinescript is fun once you get the hang of the syntax and how it expects objects/booleans for most of the conditionals.
Overall, I think this project is moving along nicely, but I wanted some feedback on the visuals.
I'm trying to create something that will help daytraders see and understand broad trends arising from shorter-term price swings.
I get a lot of questions related to how/when to identify key market price reversals - so I'm trying to develop a way to help traders understand and see where opportunities exist for better trades.
Watch this video and let me know if you see anything I can do to improve the visuals or color controls.
I want this to SHINE so people fall in love with it.
Thank you.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
7/19/24 Journaling my Trade and Lesson about holding This trade I sold wayy too early. I could have sold half and then watched for the ema crossover again. Love this game and we profited $130 on Friday. I am beginning to feel more confident and learning the ropes.
SPY/QQQ Plan Your Trade - Building Solutions For Better TradersTo help as many traders as possible, I took on the task of trying to build a Daytrading Pressure monitoring system to identify better trends, pullbacks, and swing trade setups.
This example video was created after only about 5 hours of work on the script (debugging/testing), and I still have about 6+ more days of development before this script may be ready for public use, but...
Look at the results I've been able to achieve so far.
My work trying to recreate my Fibonacci Price Theory concepts is proving very valuable. I've created three unique FPT constructs (Standout, Unique, Ultimate), and I believe teaching this concept will greatly improve trading results for many people.
Next, I will work on my Pressure Indicator (near the bottom). Right now, it only reflects 3-bar rotations in pressure. I want it to be adaptive and dynamic, so I have some work cut out for me over the next 6+ days.
Ultimately, this tool (and others) could help thousands of traders better understand FPT and the scope of price moves at various intervals.
I aim to create a PineScript tool/utility to significantly improve traders' overall results.
I welcome any feedback you may have at this stage of development.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY BUY++++ for SHORT TERM bounce onlySPY is oversold on 4 hour and under charts, we hit support, needs to bounce then will test support again in about 10 days. For now, calls on SPY until we hit $557 ish
