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 $550 area before bouncing again.
SPY trade ideas
SPY/QQQ Plan Your Trade 7/8 Followup AnalysisI couldn't have predicted today's price trend any better. The SPY Cycle Pattern, Flat-Down pattern, worked out perfectly today. Although I expected a bit more downside price activity earlier in the trading day, the fact that today's price action in the SPY & QQQ is generally FLAT-DOWN is perfect.
Remember, this pattern was predicted more than 24 months ago. It warned us that today would likely be a narrow-range price bar, and tomorrow, Wednesday, and Thursday will be strong upward-trending bars.
Are you ready for the next big price move? How nice would it be to know 5+ days in advance what price is likely to do so you can plan your trades more efficiently? Learn to wait for the best setups, then go get them.
Watch this video. Now, we will see if the current price FLAG resolves to the upside, as I expect.
Why do I expect price to move higher into the close? Because tomorrow's pattern is a Momentum Rally in CARRYOVER mode.
Go Get Some.
SPY ATR Levels and LinesGood morning, Happy Monday. SPY ATR is 4.30$ 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!
SPY Expanding MegaphoneSPY has formed an expanding megaphone on the weekly. Check the open interest for September contracts. Someone knows something. Once we get confirmation of a sell off starting. Look for this to continue to the lower channel.
SPY/QQQ Plan Your Trade Update - Markets Will Retrace 7/15-7/20Afternoon everyone,
As I continue to prepare more research for all of you going further into July, I wanted to share my belief that the SPY/QQQ will retrace shortly. I expect this retracement to happen near 7/15~7/20 and possibly last 1~3 weeks.
Price trends don't always go straight up or straight down. That's why you must learn to take advantage of my research on these types of trends.
When the markets hand you this type of opportunity, you must be ready to pounce on these easy moves.
I try to teach everyone the hardest thing to learn is patience. You have to wait for the markets to give you these opportunities.
Watch this video to learn what to expect next week and the potential for a parabolic price trend going into the end of 2024.
I'll return with a new Plan Your Trade video for Monday and beyond.
Have a safe holiday weekend. I know lots of people are already traveling and visiting family.
SPY ATR LEVELS Looking for these area with volume and price action. Up in no mans land, lots of profit need to be taken at these levels. Unless someone know something that I dont know. :) SPYS ATR level is 4.27
S&P warning signs are mounting; not a "game over" yetPrice formed a reversal pattern on the daily chart. But is it "game over" for the buyers? Watch video to learn more
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
SPY Short and Then LongWe have an imbalance below. That will likely fill. After the retraction, from the supply to demand flip zone, market will bounce to all time highs. I will buy 540 put options. Then afterwards Calls.
SPY update 7/4D:
Sentiment: Above Neutral
Trend: up
Flow: N/A
Support: 548 b\o resistance turned support test/ 530 UTL
Resistance: 580 UTL
4hr:
Sentiment: Bearish
Trend: up
Support: 540-543
Resistance: 560
1hr:
Sentiment: above neutral
Trend: up
Support: 550psych/UTL
Resistance: 552 UTL
Analysis:
Sentiment not much of a factor here considering that we can stay hot longer than expected and other than 4hr others are above neutral. Nice b/o on daily has room to run higher if data comes out + for SPY Friday. Just like Q’s I’d like a retest of b/o zone for a long
Elliott Wave Looking for New Impulsive Rally in Tesla (TSLA)Short Term Elliott Wave in Tesla (TSLA) shows an impulsive rally from 4.22.2024 low. Up from 4.22.2024 low, wave (1) ended at 198.87 and pullback in wave (2) ended at 167.41. The stock then nested higher in wave (3). Up from wave (2), wave 1 ended at 191.08 and dips in wave 2 ended at 176.92. The stock then rallies higher in wave 3. Internal subdivision of wave 3 unfolded as another impulse in lesser degree. Up from wave 2, wave ((i)) ended at 188.95 and pullback in wave ((ii)) ended at 179.66.
From wave ((ii)) low, the stock nested higher again within wave ((iii)). Up from wave ((ii)), wave i ended at 188.8 and wave ii pullback ended at 182.01. Wave iii rally ended at 198.72 and pullback in wave iv ended at 194.05. Final leg wave v ended at 203.2 which completed wave (i). Pullback in wave (ii) ended at 195.26. Up from there, wave i of (iii) ended at 213.19 and wave ii of (iii) ended at 202. Wave iii higher ended at 231.15 and dips in wave iv ended at 225.87. Near term, as far as pivot at 176.48 low stays intact, expect pullback to find buyers in 3, 7, or 11 swing for further upside.
$SPY July 4, 2024AMEX:SPY July 4, 2024
Happy 4th Of July.
AMEX:SPY broke out.
Now holding 547 we target 552.5 to 555.
As I do 15 minutes time frame my targets are small range only.
But as written many times, if AMEX:SPY now can hold 540 levels we have a huge upside.
Time to be long only in daily. I still believe 630-640 is very much on card.
SPY/QQQ Plan Your Trade July 3 ReviewThank you for all the great comments and suggestions. I love the fact that I'm helping so many traders find success with my research.
This video is really a recap of this week while we head into the 4th of July holiday and Friday's big Momentum Rally day.
Please take some time to review the other videos I have posted on TradingView to learn better techniques and refine your skills. You'll see me use these techniques over and over again on my charts.
Have a safe and fun 4th. We'll go get some more profits on Friday and into next week.
SPIDER is still expensive, well at least 10 % discount with RSI?spider is my aim, still any 10% discount? well, is better than nothing ...
any tools better than RSI for the discount?
$SPY July 3 ,2024AMEX:SPY July 3 ,2024
15 Minutes.
For the fall 550.28 to 542.53 AMEX:SPY has retrcaed more than 61.8%.
Now for the rise 543.65 to 548.98 holding 546 is important.
We already have 550 levels rejectedtwice in last few days.
Henc lomng only above 551 with proper close of bar.
For the day i will go long at 547 for 550 SL 545.5.
We have 50 averages above 200. i expect 546 to provide good support.
SPY BULLISH OR BEARISHI Think SPY will GAP DOWN TOMORROW THEN PUSH UP WE FAIL TO CLOSE ABOVE 549.10 WHICH WAS WHEN STRUCTURE BROKE LAST FRIDAY ON THE 28TH SPY REJECTED AT 550 THEN DROPPED TO 544 Then went Back an closed right below 549.10 a key level.
SPY/QQQ Plan Your Trade Review & Pre 4th ExpectationsThank you for all your comments, likes, and Boosts recently.
It's lovely to see my research helping so many traders.
I know some of you have recently been caught on the wrong side of market trends—this happens to the best of us. I've learned to wait out market activity I don't like and try to trade the bigger price swings, like the RALLY patterns yesterday and today.
You can't try to stand in front of the markets and force them to move in the direction you want. You have to stand back and catch moves that are opportunistic and present clear success opportunities.
This video reviews the past 8+ trading days, my SPY Cycle Pattern predictions, and what will likely happen over the next 7+ trading days.
In short, I expect the markets to slide into the July 4th holiday with a moderate melt-up trend and then move into a strong short squeeze on Friday (7/5).
This leads us to next week (8-12), where we'll get early Q2:2024 earnings data. I believe next week will continue the upward price trend - pushing the SPY above $560+.
The following week (15-19) is exciting. There is a very real potential for a moderately strong price correction on Wednesday/Thursday of this week, which could be a huge opportunity for skilled traders.
So, thank you again for commenting, liking, and Boosting these videos. I'll probably keep them going for a few weeks to help more traders.
Remember - focus on the facts/data and avoid the emotional side of trading. The markets always want to take your money. Find out how to wait for the markets to give you profit opportunities.
