SPY: Buy ideaBuy idea on SPY as you can see on the chart because we have the breakout with force the vwap indicator by buyers.
SPY trade ideas
$SPY // Trading Range for 9.9.24AMEX:SPY // Trading Range for 9.9.24
So, am I the only one that thinks this trading range looks SEXY?? 😅 I don’t even know what it is about it. Just the way the moving averages go through it, lol. Just looking at it as a momentum map - I’m guessing we close at 548 today ahead of inflation data tomorrow!!
I don’t think we get above the 50DMA today, and it will be in focus tomorrow and Thursday
$SPY Weekly Options | Bull or Bear? We got both covered!AMEX:SPY
We are seeing a clear technical pullback, but nothing trend breaking. 21EMA on the weekly is our guide. We are watching $550 as our pivot this week for our options contracts. For these contracts, we will be using the 15 or 30 minute chart and candle closes for confirmation.
$555 Call 9/27
Entry: 30 minute close OVER $550
Targets: $555, $559.58
Stop-loss: 15 or 30 minute close UNDER $550
$545 PUT 9/27
Entry: Break above $550, 30 minute close UNDER
Targets: $545, $540
Stop-loss: 15 or 30 minute close OVER $550
SPY regains but still in bearish zoneSPY bounces back after Friday sell off, still inside downward trend
comparing against 1h and 2h timeframe we see that ema remains below sma for both
This also holds true for RSI between 1 and 2h. RSI remains remains below sma
stock remains inside the downward trend after bounce back
SPY still shows signs of bearishness and more selling to come. Not looking like we are out of the woods yet.
One More Dump Coming We’ve got an interesting setup here! Price just closed in a 4-hour supply zone, but I’m not jumping in yet. No solid buy signal has popped up, which makes me think we could see another dip. There’s a gap lurking below that still needs filling, and I have a feeling we might head down to take care of that first.
What I'm Watching:
This week, my eyes are on the 555.6 level. If we stays below this with some good momentum, it could be game on for shorts. Im looking for a BoS tomorrow after open. If we get that, I’ll be ready to pounce on a short setup.
Key Levels:
4-Hour Supply Zone: Price showing some hesitation here—could be a signal. Wait for a reversal.
GapsBelow: 2 Gaps like to get filled, and I’m thinking this might be next.
My Game Plan:
Keep an eye on price action below 555.6.
Wait for confirmation before diving into a short.
Make sure to manage risk. No trade is worth blowing up an account!
$SPY September 10, 2024AMEX:SPY September 10, 2024
15 Minutes.
As expected, 546-547 done. not to short as it broke, retraced back to top of channel and bounced back from 544.19.
So, for the fall 547.72 to 544.19 holding today 545 levels we can see uptrend probably to 550-552 levels being 200 averages.
539 levels formed a base as discussed couple days ago.
So, for the rise 539.44 to 546.39 to 542.69 we have 533-554 as 1.6 times extension.
For the rise 542.69 to 547.72 we have 544.6 as 61.8% retracement.
Hence this number 544-545 is important for today to hold for 550-554 levels.
SPY - large timeframe trend
Another cluttered chart to publish. I put all this information on a chart for my reference… I like a lot of reference😊 I realize it can look chaotic to some, so I will explain my train of thought the best I can.
Most of you will know this already.
Purple rectangles represent gaps in the chart. The ones not closed yet are labelled with when I think they will be traded through. I believe there will be a last push up on SPY in the next 2 quarters or so...so, I do have a couple fractals // one for each warning. My intention at the moment is to dca out into cash sometime in Q2 of 2025 and play the charts from there. If we go higher than 610 I’ll adjust from there. If I dca out too early, so be it. The last year was phenomenal and I don't mind being out/sniping for a year.
Angled purple trend lines should be self explanatory with the labels they have. The 1st angle (at least with my current thesis) does not intersect SPY price action until Q4 of 2025, which is the closure of the May 2024 gap at around 507. That kind of drop is reminiscent of a Jan 2022 to fall of 2022 decline and I intend to explore that thesis more in further posts. My timing is grounded in the US 2 year/10 year yield curve un-inversion and hitting an interest rate of 3.75-4.0 by June/July of 2025. If there is no decline leading up to then, I will of course re-evaluate and stay longer in the market.
I was lucky enough to be out of most positions mid July this year. I call it lucky because the decline came sooner than I would have expected. That being said, I have already started to dca into the usual suspects (most of the mag 7) as a start during the Aug 5th dip. We had a Civic holiday up here Aug 5 while the market was still open! Was able to concentrate quite well!! I have also started positions in smaller caps…WSO, ONTO, FTI, DECK, APP, MLI. I believe with the interest rate drop this Sept and forward, these smaller cap companies will benefit. I missed the pumps on PSN, NTNX and others but did catch a good number of smaller caps through earnings and did allright .:)
Anyway, back to the chart…The green scribbles and blue arrows look like a resurgence in volume. If CPI this Wed the 11th and FOMC on the 18Tth are favourable I may discount a further dip into October entirely and ride the 3rd angle up as far as she dares to go.
Vertical lines are also self-explanatory for the most part. FOMC dates of course… Also I like to put the SPY rebalancing dates. Usually, companies that are announced to join are revealed 2 weeks or so before inclusion. If it is a company I own and believe in long term I try to remember to buy a nice little chunk before the announcement. This year it worked out for me in owning PLTR. That was sweet.
I have noted the SAHM rule trigger July 1st and as we all know, again, the 2y 10y is back to normal…which me thinks gives 5-9 months before the fan gets dirty…😊
I wish you all well good people.
$SPY Cup and Handle + Bullish Harami ? PT; 585Between the technical pattern, candlestick pattern, gap fill, and potential bullish harami, there could be a lot of people loading calls up if we get follow thru tomorrow...
- Prophecies
PS: GME is #Interesante still
Bearish Daily close Beware!!!This daily close was really bad for spy a big red candle next to a 25-30% green candle is such a bearish sign for days to come if you know candlestick patterns also you have 5/50/100 ema all crossing and pointing down and the market will follow it so be ready for a big move down.
Master Trading with Heiken Ashi Candles in 11.32 minutes Let’s talk about how to DOMINATE the market using Heiken Ashi candles for perfect entries and exits! This is where your trading game levels up.
First, when those candles start turning smooth and green with no wicks at the bottom, that's your entry signal! It’s like the market saying, "Hop on, this train is about to take off!" You ride those green candles as long as they stay strong and wick-free at the bottom.
Now, here’s the key – watch for red candles starting to form with wicks on top! That’s your signal to EXIT! Don’t get greedy, secure those gains, and get out before the market turns against you.
With Heiken Ashi, you get smoother trends, cleaner signals, and better trades! Enter with confidence, exit with precision, and OWN the market!
That's it, fast and powerful! Now go crush those trades!
SPY Resistance Test Short IdeaNice relief bounce for bulls today, but I expect it to be short lived. SPY is coming back into previous lows around $547. I think this is a great spot to enter puts, risk/reward is tight and it has a ways to fall. First target would be $542.50, if that breaks I'd be watching Friday's lows for another potential exit target.
SPY - Options Trade IdeaOk so back home after a well deserved vacation. Not sold on the rally today so I am looking at selling a couple of short term Calls on the SPY. Looking for this market to give us a decent leg lower.
Sell to Open SPY 10SEP 550 Call @ 1.00 (2 Contracts) expiring tomorrow. I do not mind taking the short position here if assigned.
is the bottom in?many signs point to aug 5th being an important bottom.
be careful if you are a bear.
SPY/QQQ Plan Your Trade for Sept 9 : GapUp-Higher Counter TrendPay special attention to this video and prepare for what I believe will be a type of Flash-Crash event starting near Sept 20-24.
Now is the time to start moving more capital into CASH. Prepare for this potential downside price move of -9-14% by protecting your capital.
Yes. There will be bigger opportunities near the bottom of this moderate Flash-crash event.
No, you don't want to watch your assets fall 10-15% over the next 60 days.
The solution is to move into a more protective allocation mode (70~80% CASH) over the next 5 to 7 days and then ride it out.
Remember, I'm here to try to help you become a better trader. I tell you want I see and I live or die by my output.
I'm not always 100% accurate. But I do believe the markets are going to move into a type fo Flash-Crash event over the next 45+ days and I believe the best way to prepare for this event is to load up on dry powder, trade smaller amounts for now, then look for opportunities near the bottom.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
$SPY September 9, 2024AMEX:SPY September 9, 2024
15 Minutes.
AS expected, AMEX:SPY being under all moving averages in 15 minutes kept on making lows for 2 days.
Now if we consider the fall 551.58 to 539.44 then 544-546 is a good level to short.
I will but only above 565 at the moment.
If we take the rise from 510 to 564 AMEX:SPY has retraced 50% of the move. Now holding 530 is important as it is the 61.8% retracement for the move.
536 looks a good target now as it is also 100 averages in daily time frame.
The oscillator in 15 minutes is making lower low along with price.
200 averages in 15 minutes are around 553 levels.
So, at the moment downtrend in 15 minutes.
Wonder if history repeats itself?Just going to leave this here to see if the bear wedge can play out in a similar fashion
Build Confidence with Heikin-Ashi Candle Patternow to Trade Using Heikin Ashi Candles on the NDX Chart
Heikin Ashi candles are a powerful tool for filtering out market noise and identifying trends more clearly than traditional candlesticks. By smoothing out price action, they allow traders to focus on the overall direction of the market, helping you make more informed trading decisions. Here’s a breakdown of how to use Heikin Ashi candles effectively, specifically on the NDX chart.
1. How to Read Heikin Ashi Candles
The primary difference between Heikin Ashi and traditional candlesticks is in how they are calculated. Heikin Ashi uses a modified formula that incorporates the open, close, high, and low prices of the previous candle, which results in a smoother appearance. This smoothing effect allows traders to more easily spot trends:
Bullish Trends: A series of green candles with no lower wicks typically indicates a strong uptrend. These are the times to consider long trades.
Bearish Trends: A series of red candles with no upper wicks signals a strong downtrend. These are great opportunities for short positions.
Consolidation: Mixed green and red candles with wicks on both ends often indicate consolidation or indecision in the market.
The Heikin Ashi chart reduces the noise from minor price fluctuations, allowing you to focus on the trend itself rather than the short-term volatility.
2. Entry and Exit Points
The beauty of Heikin Ashi candles lies in their ability to simplify entries and exits. Here’s how to use them:
Entry Points: You want to enter a trade when a new trend is confirmed. For a long position, wait for the first few green Heikin Ashi candles after a period of red ones, signaling a reversal to the upside. For a short position, look for a sequence of red candles after a bullish period has ended.
Exit Points: Exit your trade when you start seeing signs of reversal. For long trades, this would be the appearance of the first red Heikin Ashi candle after a series of green ones. For short trades, exit when the first green candle appears after a bearish sequence.
Waiting for these clear signals helps avoid premature exits and ensures that you’re riding the trend for as long as possible.
3. Key Support and Resistance Levels
Heikin Ashi works even better when combined with key support and resistance levels. On the NDX chart, identifying these levels provides context for your trades:
Support Levels: If the price is approaching a key support level, and you start to see bullish Heikin Ashi candles, it’s a potential buy signal.
Resistance Levels: If the price is approaching resistance and bearish Heikin Ashi candles begin forming, that could signal a good time to sell or short.
Using Heikin Ashi in conjunction with these levels increases the probability of success by ensuring you are trading within important zones where price action tends to react.
By mastering the use of Heikin Ashi candles and combining them with support and resistance, you can significantly improve your ability to spot and act on high-probability trading opportunities, especially on volatile instruments like NDX.
SPY: Week of Sept 9thHaven't updated in a hot minute.
These are my thoughts for next week, not advice!
SPYLOVERS ! The Pullback is here ! What to do next.... Good morning everyone and welcome to another weekend session. For those following the SPY, we can see that the institutional rejection did indeed occur with a double top, and it was unable to break the Al Time High (ATH), leading to a pullback that we had already predicted weeks ago.
The question is: How far will the pullback go?
I have two levels: a liquidation zone limit and a historical demand zone.
Warning: DO NOT ATTEMPT TO CATCH A FALLING KNIFE !
The idea here is to let the price do what it needs to with this drop. Once it reaches one of these two zones, we will start to see bullish volumetric candles indicating the beginning of an upward trend.
For now, this analysis has been unfolding as we have been forecasting the movement. Let the price fall, and be very alert to determine whether this is just a small pullback or a longer one. We already know where the price will likely land.
Sending greetings and thank you for supporting my study.
The Recession Debate: SPY ETF on the Rise Despite ConcernsIn recent months, there has been a growing conversation about the possibility of an impending recession. Economic indicators, inflation rates, and geopolitical tensions have led many to speculate about a downturn. However, amidst this chatter, one notable trend stands out: the SPY ETF, which tracks the S&P 500, is on the rise.
While analysts and economists discuss potential challenges ahead, the performance of the SPY ETF suggests a different narrative. Investors seem to be showing resilience and confidence in the market, as reflected in the upward trajectory of this popular exchange-traded fund.
What does this mean for investors? It could indicate that the market is pricing in a recovery or that certain sectors are performing well despite broader economic concerns. It’s essential to remember that markets can be forward-looking, often reacting to future expectations rather than current realities.
As we navigate these uncertain times, it’s crucial to stay informed and consider both the macroeconomic landscape and individual investment strategies. The rise of the SPY ETF may serve as a reminder that opportunities can still exist, even when the economic outlook appears bleak.
What are your thoughts on the current market trends? Are you optimistic or cautious about the future? Let’s discuss! AMEX:SPY
Back to 564 to test the high as resistence or breakthroughSetting up on the last bit of support before breaking through that, or a reversal to fully form what I still suspect to be reverse H&S.
SPY My Opinion! BUY!
My dear subscribers,
This is my opinion on the SPY next move:
The instrument tests an important psychological level 540.43
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 552.17
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
