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SPY Technical Analysis: for Jan. 31Market Structure Analysis: SPY is trading within a symmetrical wedge, suggesting consolidation with a potential breakout approaching. Recent price action indicates higher lows, creating an upward bias, but resistance around $610 needs to be cleared for confirmation of further upside. Support and Resistance Levels: * Immediate Support: $600 * Key Support: $590 (aligned with the PUT Support Zone) * Immediate Resistance: $610 * Major Resistance: $620 (Gamma Wall with strong Call resistance) Indicators Analysis: * MACD: Momentum is slightly bullish but flattening, signaling caution for overextension. * Stochastic RSI: Currently overbought, which could lead to a short-term pullback or pause in the rally. Gamma Exposure (GEX) and Options Insights: * Positive Gamma is dominant, with the highest Call Resistance at $620. * Put support is strong around $590, creating a likely floor unless broader market sentiment shifts. Trade Setup Suggestions: 1. Bullish Breakout: * Entry: Above $610 * Target: $620 * Stop Loss: Below $600 2. Bearish Rejection: * Entry: Below $600 * Target: $590 * Stop Loss: Above $610 Outlook: Today, SPY is likely to test the upper boundary of the wedge. A breakout above $610 could lead to strong bullish momentum targeting $620. However, if rejected, SPY may retrace towards $600 or even $590, especially if market sentiment weakens. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
AMEX:SPY
by BullBearInsights
SPY/QQQ Plan Your Trade for 1-30 : Top PatternToday's Top pattern suggests the markets will attempt a minor rally in early trading, possibly targeting the 605 resistance level, then shift/rollover into a downward price trend (the TOP pattern) and being to move downward into the pre-DeepV low levels I've suggests (possibly near 585-588). At that point, I suspect we'll get a few days of consolidation before we see the DeepV breakdown take place near Feb 11-13 (which may actually start on Friday the previous week). Overall, I'm expecting the markets to roll into downward trending over the next 7 to 10+ days. Gold and Silver are moving higher - which is great to see (finally). Maybe all Gold needed was to roll to the newer contract to finally break above the $2820 level. lol Who knows. This is the start of the BIG RALLY (Expansion Phase) in metals that should last almost all year. If my research is correct, Gold and Silver will reach a peak level near July-October 2025. Bitcoin has moved into an inverted Excess Phase Peak pattern that may prompt a rally up to resistance near $108,450. At this point, the inverted EPP pattern is in the consolidation phase and I'm watching for it to break above $105,500 (moving to the ultimate high), or below $100,270 (as an invalidation breakdown move). The next 5+ trading days should be very interesting for everyone. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
1
$SPY Analysis, Key Levels & Targets for Day TradersAll right today is the day after FOMC and some big earnings and because we had big earnings yesterday we have a pretty wide trading range today so just because we are options are we could have a more volatile day The expected move on today’s contract is between 596 and 608. We did close underneath 35EMA and we have a red signal line. If we get about the 35 EMA today which future so far are taking us above, we do have a down gap from yesterday and then a down gap from Monday that we haven’t completely filled yet. We also have an up gap from last Wednesday and they do overlap. It’s a little bit hard to see but right around 603 is the overlap . To the downside, we have the 50 day moving average so far that has been our support this week. You could see on Monday. We did see that balance and underneath that the 30 minute two and removing average and the one hour 200 moving average those levels have been supporting us With some nice technical bounces
AMEX:SPY
by SPYder_QQQueen_Trading
2
$SPY January 30, 2025AMEX:SPY January 30, 2025 15 Minutes. We had AMEX:SPY between 604 and 599. But no trade as setup was difficult. We have too many long bars inside the box. Foe the fall 610.78 to 594.93 AMEX:SPY is between 599 and 605 which represents23.6% and 61.8% retracements. So, sell is below 598 and buy above 606 only. For the day for the fall 605.38 to 599.22 604.5 need to cross for a target 606-607 levels. If the box breaks on either side, we should get a 4 to 5 $ move.
AMEX:SPY
by RiderTrader
7
Symmetrical Triangle Formation – Breakout Imminent?📊 Chart Analysis: A symmetrical triangle pattern has formed on the chart, signaling a potential breakout soon. This pattern is characterized by lower highs and higher lows, converging into a tightening range. Such formations indicate price consolidation before a strong directional move. 🔍 Key Observations: The price is approaching the apex of the triangle, where a breakout or breakdown is likely to occur. Volume contraction suggests that a significant move is on the horizon. The previous trend was bullish, increasing the probability of an upward breakout, but confirmation is necessary. 📈 Bullish Scenario: A breakout above the upper trendline with strong volume could trigger a continuation of the uptrend. Potential targets can be calculated by measuring the height of the triangle and projecting it upwards. Target if breaks above: $610 📉 Bearish Scenario: A breakdown below the lower trendline may indicate trend reversal or a deeper correction. Watching for volume confirmation and key support levels will be crucial. Target if it breaks below: $585
AMEX:SPY
by Wtfguysgetout
SPY/QQQ Plan Your Trade For 1-29 : GAP ReversalToday's pattern suggests the markets are going to start off with a bit of a bang. Although I expect the markets to try to hold up with some support, I believe, ultimately, the markets will break downward - continuing into the Deep-V Feb 9-10 bottom my cycles are projecting. Gold and Silver are acting to attempt to hedge the global risks and could explode much higher over the next 30 - 60+ days. Bitcoin looks like it will continue to move downward, first to 98k, then to 92k. I'm seeing lots of Excess Phase Peak patterns in price action. This suggests the markets are struggling for direction right now and could move aggressively into a downward cycle phase before the Feb 9-10 Deep-V base/bottom. Either way, we are going to find a lot of opportunities over the next 30+ days as traders. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
$SPY January 29, 2025AMEX:SPY January 29, 2025 15 Minutes. AMEX:SPY was around 604 levels most of the time yesterday. This sideways helped the moving averages to rise. Also 604 was 61.8% retracement for the larger fall from 610 to 594 levels. Hence was resisted yesterday. It was also 1.618 extension for the rise 594 to 599 to 596 level. Today holding 602 levels i have a target 606-607 levels. I will sell below 600 for 598.5 levels. R: R on sell is not much favorable. So, i will not sell at the moment.
AMEX:SPYLong
by RiderTrader
SPY 30-Minute Trading Session Tomorrow-Jan 29Trend: Consolidating in an upward channel. Resistance: $610.78 (key), $604.50 (minor). Support: $599.37 (mid-channel), $589.78 (bottom). Indicators: MACD shows mild bullish momentum. Stochastic RSI suggests oversold conditions. Scenarios: Bullish: Entry above $604.50, target $610.78, stop-loss $602. Bearish: Entry below $599.37, target $589.78, stop-loss $601.50. Note: Watch for potential market open volatility; request updates if needed. GEX sentiment zones: Key Observations: 1. Transition Zone (Blue Box): * The current price is trading within the Transition Zone (~$600 to $610). This area indicates mixed GEX sentiment, where the price is likely to remain range-bound until it breaks decisively above or below. 2. Mildly Bullish Zone (Green Box): * Above $610, the green zone extends toward the CALL resistance at $615 and ultimately toward $620. * A breakout above $610 suggests bullish momentum with a target around $615. If momentum is strong, a gamma squeeze could push it toward $620. 3. Mildly Bearish Zone (Red Box): * Below $600, the price enters the red zone, with PUT support around $595. * A breakdown below $600 would likely target $595 as the next stop. A break below $595 could lead to further bearish pressure down to $590 or the extreme bearish zone. 4. Extreme Zones: * Extreme Bullish Zone: Beyond $620, indicating a strong gamma squeeze. * Extreme Bearish Zone: Below $590, signaling a potential negative gamma squeeze with increased volatility. 5. Options Oscillator: * The IVR (Implied Volatility Rank) is 17.6, indicating low relative volatility. * The GEX is predominantly positive (61% CALLs), slightly favoring bullish sentiment, but the proximity to the Transition Zone means caution is needed until a decisive breakout. Trading Plan for Tomorrow: Bullish Scenario: * Entry Trigger: If SPY breaks and holds above $610. * Targets: 1. $615 (Initial CALL resistance). 2. $620 (Extreme Bullish Zone boundary). * Stop Loss: Below $608 (inside the Transition Zone to avoid false breakouts). * Strategy: Look for increased volume and momentum as confirmation. Scale out at $615 and $620. Bearish Scenario: * Entry Trigger: If SPY breaks and holds below $600. * Targets: 1. $595 (First PUT support). 2. $590 (Extreme Bearish Zone boundary). * Stop Loss: Above $602 (to manage risk within the Transition Zone). * Strategy: Monitor for a breakdown with significant selling pressure. Scale out at $595 and $590. Scalping Suggestions: 1. Use the 1-minute and 5-minute timeframes for precision entries around $600 (key pivot). 2. Watch the volume and price behavior near $610 or $600: * Consolidation near $610 could lead to a breakout (go long). * Rejection at $600 could lead to a breakdown (go short). 3. Avoid trades within the Transition Zone ($600–$610) unless you see clear momentum. Key Levels to Watch: * Resistance: $610, $615, $620. * Support: $600, $595, $590.
AMEX:SPY
by BullBearInsights
SPY will continue to go up tomorrow and for the rest of the weekI use the Heikin Ashi candlestick as they show more of a directional move within the candlesticks. Today the market went up, although you cannot see that on the Heikin Ashi Candlesticks (just on the regular candlesticks.) Typically, I would not enter until I see 2 green candlesticks on the Heikin Ashi candlesticks. But you can see on the 1-3 hour charts that all the indicators are suggesting an upward move. The 4 hour candlesticks are just about to change to a bullish move. In the past, the SPY has made a 34 point upward move. This would put the target of 609. The 1.618 fib move would be 614.38. This is my second target. Typically, the SPY has had a 9-12 day move in the past once the Heiki Ashi candlesticks turn green. That would make the time target of Jan 27 to 30th. I think the move will be until Jan 30th as the market should decline from Jan 31st until Feb 6th. (just before the release for the employment situation in the USA.) This is my time target. There could be an extreme move of 53 points to put the target to 628, but that is an extreme move not an average move. In my past charts, I mentioned I thought the market may decline in February as the market has moved upwards for 3 months and down for one month. I no longer think that will happen due to the market declining from the middle of December to Jan 10th. If you switch to a weekly chart to look at the indicators, you can see there was a decline during that time. Currently, the weekly indicators are just starting to suggest a bullish move. I use the DMI, Stoch RSI and the MacD as my indicators as well the Heinkin Ashi candlesticks to help with the directional moves. There is currently a week long Wealth365 Summit with many traders speaking. I have no affiliation with this company. I am just attending the summit to learn more. Check it out here to register... www.wealth365.com Happy Trading Everyone!
AMEX:SPYLong
by Princessgirl
14
SPY vs FOMCTomorrow 1/29 at 2pm FOMC interest rate decision followed by a press conference at 2:30pm. As you can see on this SPY 1 day chart, FOMC days and the week following has a checkered past for bulls. Moving average levels: SMA20 = 593 SMA50 = 596 SMA100 = 585 SMA200 = 560 7/3124 5.5% 9/18/24 5% 11/7/24 4.75% 12/18/24 4.5% 1/29/25 expected 4.5% SPY options data: 1/31 expiry Put Volume Total 214,435 Call Volume Total 181,522 Put/Call Volume Ratio 1.18 Put Open Interest Total 1,958,680 Call Open Interest Total 511,620 Put/Call Open Interest Ratio 3.83 2/21 expiry Put Volume Total 115,166 Call Volume Total 87,489 Put/Call Volume Ratio 1.32 Put Open Interest Total 2,491,624 Call Open Interest Total 637,118 Put/Call Open Interest Ratio 3.91
AMEX:SPYShort
by Options360
SPY: Technical Analysis for Today's Trading - Jan. 28Market Overview * SPY is currently consolidating near the $601 level after recovering from the recent dip to $589. * Immediate resistance levels include $607 (pre-market high) and $610.78 (major resistance from the GEX). * Key support levels are $600 (psychological level) and $589 (yesterday’s low). * The 30-minute chart shows an overall upward trend within a tightening range, suggesting potential for breakout or breakdown depending on the broader market sentiment. Gamma Exposure (GEX) Metrics * Call Walls: * $610: Highest positive NETGEX, indicating strong resistance and possible profit-taking zone. * $615 - $620: Additional upside targets if momentum strengthens. * Put Walls: * $590: Highest negative NETGEX, acting as critical support. Breach below could trigger strong selling pressure. Options Metrics * IVR: 24.4, suggesting moderately low implied volatility, offering limited premium opportunities for scalpers. * Put/Call Ratio: 69.3% PUTs, indicating bearish sentiment among options traders. Scalping Strategy Bullish Scenario * Entry Point: Above $602 after confirmation of volume and momentum. * Targets: * First Target: $607 (PMH/Pre-Market High). * Second Target: $610.78 (Key GEX resistance level). * Stop-Loss: $600 (ensure a tight stop to minimize losses if momentum fails). * Indicators to Watch: * Stochastic RSI: Look for oversold reversal near the 50 level on the 30-minute chart. * MACD: Ensure bullish crossover confirmation before entering long positions. Bearish Scenario * Entry Point: Below $600 with strong downside momentum. * Targets: * First Target: $595 (midpoint support). * Second Target: $589 (previous low and major support). * Stop-Loss: $602, as reclaiming this level would invalidate the bearish setup. * Indicators to Watch: * Volume spikes accompanying the breakdown of $600. * MACD crossover below the signal line for confirmation. Scalping Tips 1. Risk Management: Maintain a risk-to-reward ratio of at least 1:2 for all trades. 2. Execution Speed: Trade with tight spreads and monitor key levels closely for rapid changes in momentum. 3. Market Sentiment: Keep an eye on broader indices like QQQ and DIA for correlation and potential sector rotation cues. Outlook for Today * SPY's range is likely to remain between $600 (key support) and $607 (resistance) during the morning session. * A breakout above $607 could push SPY toward $610.78, whereas a failure to hold $600 might trigger a retest of $589. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade with caution and manage risk appropriately.
AMEX:SPY
by BullBearInsights
$SPY Options | Trump Week TwoAMEX:SPY Fear and panic has spread in the market, but buyers ate it up by end of day (1/27). There is a gap from December 18th up to $603-$606. $603.44 is the key pivot for bulls and $591.54 for the bears. For our weekly options trades, we use 15 or 30 minute candle closes for confirmation and stop-loss. $603 CALL 2/11 Entry: Breakout/Hold Over $599.92 Targets🎯: $603.44, $606 $595 PUTS 2/11 Entry: Breakdown/Rejection Under $599.92 OR $603 Targets🎯: $595, $591.54
AMEX:SPY
by PennyBois
SPY/QQQ Plan Your Trade For 1-28 : Temp Bottom PatternToday's SPY Cycle Pattern is a Temp Bottom. After yesterday's big breakdown and consolidation, I believe the SPY will attempt to identify support, possibly near 597, and attempt to move higher a bit today. Ultimately, a Temp Bottom pattern is where the price seeks out support (moving downward or retesting recent support levels) and then rolls to the upside, creating a base/bottom type of pattern. The QQQ should follow the same pattern. Gold and Silver seem trapped for the next 2-3 days (possibly melting a bit higher as the US Dollar appears to be moving downward a bit). I don't see Gold/Silver starting to make any big moves until Jan 31 or in early Feb. Bitcoin will likely stall out, just like the SPY/QQQ, over the next 2-3 days, then move into a downward price phase - attempting to move back towards $92k. I believe the markets are stalling and in a bit of shock at the moment. Don't get too aggressive in any trades unless you are confident in your ability to manage risk levels. Some sectors/symbols will trend. But the SPY/QQQ will likely stall out for another 2-3 days before making another big move. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
Waiti Seeking Equilibrium and Fair Value Oppong on confirmation In the current volatile market environment, I'm closely monitoring the US30 for potential trading opportunities. My strategy involves waiting for confirmation of an equilibrium sweep with displacement, which would signal a short position. This approach aims to capitalize on the market's tendency to revert to equilibrium after a significant move. Additionally, I'm on the lookout for any highs accompanied by a fair value gap, which could present a compelling opportunity to go long. This scenario would indicate a potential continuation of the upward trend, providing a favorable risk-reward setup. Key considerations include: Market Volatility: The current market conditions are characterized by notable volatility, particularly in the technology sector, which could influence the US30's movements. Upcoming Economic Events: Keep an eye on the Federal Reserve meeting on January 31, 2025, and the release of critical economic data, as these events may impact market sentiment. Technical Indicators: Utilize technical analysis to identify potential entry and exit points, ensuring alignment with the overall market trend. As always, risk management is paramount. Ensure that stop-loss levels are set appropriately to protect against unexpected market movements.
AMEX:SPYShort
by CapitalGainz33