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SPY trade ideas

Technical Analysis for SPY (30-Minute Chart) - February 5Market Structure Analysis * SPY is consolidating near the $599-$600 level after a recent bounce off the $590 support zone. This indicates a short-term range between $595 and $601. * The MACD is flat and slightly bullish, suggesting indecision but with a potential upward momentum if buyers sustain pressure above $600. * The Stochastic RSI is near the overbought zone, signaling caution for potential pullbacks or consolidation. GEX (Gamma Exposure) Insights * Put Wall: Significant put support at $590, indicating strong downside protection. * Call Resistance: Notable resistance at $610 and $615, suggesting a challenging path for SPY to break above these levels in the current session. * Gamma Bias: With 71.8% puts, the market sentiment leans bearish, but the strong gamma support at $590 suggests limited downside. Directional Bias * The GEX data and technical levels indicate a neutral-to-slightly-bullish bias as long as SPY holds above $595. If the price breaks below this level, expect increased bearish momentum. Trading Suggestions 1. Call Option Strategy: * Buy a 7 DTE call option if SPY breaks above $601 with strong volume. * Entry: Above $601 * Target: $605-$610 * Stop-Loss: Below $599 2. Put Option Strategy: * Buy a put option if SPY breaks below $595 with increased selling volume. * Entry: Below $595 * Target: $590-$585 * Stop-Loss: Above $597 Key Levels to Watch * Resistance Levels: $601, $605, $610 * Support Levels: $595, $590, $580 Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always do your research, manage your risk, and consult a financial advisor before trading. The GEX indicator updates every 15 minutes; check real-time data for informed decision-making.
AMEX:SPY
by BullBearInsights
$SPY Analysis, Key Levels & Targets for Feb 4 2025So in today’s trading range, we are just a little bit above the 50 day moving average that level is in focus above that we have the 30 minute timeframe 30 minute trading under the 35 EMA that is still bullish. There’s not a whole lot of momentum Here right now we got pushed back from all time highs last week and pushed right back to the 50 day moving average, which is flat, and the one hour 200MA which is also flat. (From down) We do have a support level after filling that gap at 590 on the day. Overall, the general momentum looks pretty flat with a bar gap in the upper part of the trading range . I have iron condors, and iron butterflies on from yesterday so the flatter the better today for me.
AMEX:SPY
by SPYder_QQQueen_Trading
SPY GEX Analysis and Option Trading SuggestionsKey Observations from GEX Chart 1. Call Resistance: * $610 is the key resistance level, marked by the highest positive gamma exposure, likely acting as a ceiling for SPY. * Additional resistance is present at $603. 2. Put Support: * $595 serves as critical support, aligning with the highest negative gamma exposure. * Below this, $580 is the next major support zone, with high put concentration. 3. Gamma Pivot Zone: * $600 is the gamma pivot point. Holding above this level signals bullish momentum, while a rejection could push SPY lower. 4. IVR (Implied Volatility Rank): * IVR at 24.6, indicating moderate implied volatility, making options relatively affordable for trading. 5. Implied Volatility (IVx): * IVx at 19.2, reflecting a slight uptick in implied volatility (+1.47%). Option Trading Suggestions 1. Bullish Scenario: * If SPY sustains above $603: * Trade Idea: Buy a Call Debit Spread. * Strike 1: $605 (Buy Call) * Strike 2: $610 (Sell Call) * Expiry: 2 weeks out. * Reasoning: Capitalizes on potential movement towards the key resistance at $610. 2. Bearish Scenario: * If SPY breaks below $595: * Trade Idea: Buy a Put Debit Spread. * Strike 1: $595 (Buy Put) * Strike 2: $580 (Sell Put) * Expiry: 2-3 weeks out. * Reasoning: Targets downside momentum towards the $580 support zone. 3. Neutral Strategy: * For consolidation between $595 and $610: * Trade Idea: Sell an Iron Condor. * Sell Put: $595 * Buy Put: $580 * Sell Call: $610 * Buy Call: $620 * Reasoning: Profits from time decay within the identified range with limited risk. Thoughts and Insights * Critical Levels: * Support: $595, $580 * Resistance: $603, $610 * Momentum Analysis: Holding above $600 with increasing volume confirms bullish sentiment, while breaking below $595 signals bearish pressure. * Volatility Context: Low IVR suggests initiating directional trades or neutral strategies with moderate premium costs. Reminder: GEX data updates every 15 minutes. Always refer to real-time data to adjust trading strategies accordingly. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk effectively when trading.
AMEX:SPY
by BullBearInsights
$SPY Trading Range for Monday Jan 3rdAll right this trading range is based on the one standard standard deviation movement off of Friday’s closee We gapped down underneath the downward facing one hour 200 moving average into the up gap from January 17 which was a previous support on January 27. Now we are underneath it. We’re making lower lows and we also gapped underneath the 30 minute two hundreds moving average and the 50 day moving average so look to those levels as resistance for now. Below us we have an island gap that needs to be filled and it’s really close. I wouldn’t be surprised if we head there next .
AMEX:SPY
by SPYder_QQQueen_Trading
12
SPY/QQQ Plan Your Trade Feb 3, 2025 Afternoon UpdateWell, it seems everyone did quite well playing my prediction of a breakdown (again) in the markets today. Last week, I continued to warn the markets were very fragile and would likely break downward aggressively. Of course, the political drama (tariffs) helped to move the markets a bit this weekend. But, still, it was great to hear from everyone who made a healthy profit today. GET SOME. I also have been getting questions about the RALLY - RALLY - (counter-trend) RALLY setting up on Tuesday, Wednesday, and Thursday this week. So, I created this video to help you understand why I believe those RALLY days will be rather muted on Wednesday/Thursday and maybe a type of topping pattern on Tuesday. I see the markets as breaking downward (breaking away from the dual Excess Phase Peak patterns), and because of that, I see the markets should attempt to move aggressively downward over the next 15+ days. I don't see any reason for the markets to mount a big rally right now - unless we are talking about a pullback in a downtrend. So, watch this video, pay attention to what I see, and then we'll see how things play out. Go GET SOME. This is a true trader's market. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
Uptrend for the next 10 days The market will go up for the next 10 days. I am using the Heikin Ashi candlesticks as they: 1) show more of a directional movement within candlesticks, 2) they tend to filter out the market noise so you can see the market direction better, 3) it reduces false signals, allowing you to stay in the trade longer, and 4) gives you a smoother appearance making it easier to see trends and reversals. Typically, I would wait until there are 2 green Heikin Ashi green candlesticks before entering. I still tend to switch back and forth between Heikin Ashi candlesticks and regular candlesticks since regular candlesticks are what I am familiar with and have been using since I started trading. I use the MacD, the Stock RSI and the DMI to assist me with the direction of the market. I am anticipating a bull trend for the next while as the 30 min, 1 hour, 2 hour, 3 hour and 4 hour indicators are already looking bullish. The rest of the time frame indicators should change shortly. I have a few targets. In the past I have said the market is usually moving about 34 points, but I think it will make a less of a move this time due to the Stock RSI only being slightly lower as it is not starting close to 0. If you look at some of the past moves, the market moved around 20 points such as from July 1 to July 16, Oct 7 to Oct 17 and Nov. 20 to Dec 6th. As well, if you look at the Stock RSI on the daily charts, it has only declined a little. So even with it turning soon, it only has a little way to go upward. Typically, I would wait until there are 2 green Heikin Ashi green candlesticks before entering. I still tend to switch back and forth between Heinkin Ashi candlesticks and regular candlesticks since regular candlesticks is what I was using since I started trading and there are still some benefits I get from regular candlesticks. The targets I have in place are: 22 point move = 616 1.618 Fibonacci move = 619.35 10 day move = Feb 12 If it hits one of these targets, I am out of my trade. My stops are: 1) the low of the previous candlestick, 2) 2 red Heikin Ashi candlesticks, 3) a specific dollar amount of a total loss for my trade or 4) a specific dollar amount of the contract. Happy trading everyone!
AMEX:SPYLong
by Princessgirl
SPY/QQQ Plan Your Trade For 2-3-25 : Breakaway PatternOn a day like today, where the markets broke down with a huge GAP downward, what can I say except... Just like I predicted. For months I've been warning of the Jan 21-23 Inauguration peak/top that will lead to a Deep-V breakdown on Feb 9-12. And, like clockwork, the markets peaked just after January 23 and rolled downward into the breakdown phase - headed towards my Deep-V base/bottom setup near Feb 9-12. At this point, I'm just going to sit back and collect my profits. You should be doing the same thing today - BOOK those profits. Gold and Silver are moving into an upward CRUSH pattern. It could be very explosive. Bitcoin has broken downward again - just like I predicted. Over the next 30+ days, the markets will enter a very volatile and rotating price phase. Be prepared for wild price rotations. This is a true trader's market. Go get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
11
Bearish Sentiment Prevails: Consider Shorting SPY Next Week - Key Insights: The current bearish trend in SPY suggests a cautious approach for traders. With the SPY closing below critical support levels and exhibiting patterns of weakness, market participants may want to consider short positions, particularly if SPY continues to struggle at resistance levels. Close monitoring of the support zones will be vital in assessing subsequent moves. - Price Targets: - Next week targets: T1: 594 T2: 590 - Stop levels: S1: 598 S2: 601 - Recent Performance: SPY has shown a significant decline, recently closing at 601.82 after a notable drop. This continued downward movement signifies a lack of buyer interest as bearish patterns persist. Market volatility has spooked investors as SPY faced increased selling pressure, resulting in lower closes both daily and weekly. - Expert Analysis: Market sentiment is predominantly cautious due to the prevailing bearish patterns. While some positive technical indicators have emerged, expert opinions converge on the view that unless SPY can reclaim vital price points above 603, further declines seem likely. Analysts advise maintaining a disciplined approach to trading given the current landscape of uncertainty. - News Impact: Recent unscheduled news from China has exacerbated market volatility, prompting considerable sell-offs in major indices including SPY. Rising bond yields further complicate the situation as they add to market pressures. Earnings reports from major companies such as Apple will be closely watched as they could significantly influence SPY's direction in the upcoming sessions.
AMEX:SPYShort
by CrowdWisdomTrading
SPY | The End of a 16-Year Bull Cycle? Major Correction Ahead?🔎 Overview: The S&P 500 ETF (SPY) has been in a massive bull run since the 2009 bottom, forming a clear 5-wave structure based on Elliott Wave Theory. Now, the market is showing multiple top signals, suggesting that a major correction may be imminent. 📉 Key Warning Signs: 1️⃣ 5-Wave Completion: The 5th wave is approaching a key Fibonacci extension level (0.618 of Waves 1-3), a common reversal zone for extended moves. The previous wave count has been respected perfectly, reinforcing this structure. 2️⃣ Fibonacci Circles Alignment: Price is reaching the outermost Fibonacci arc, a historically significant zone where reversals have occurred. The market has reacted strongly in previous arcs, indicating this could be another turning point. 3️⃣ RSI Bearish Divergence: The Relative Strength Index (RSI) is making lower highs while price is making higher highs—a classic bearish divergence signal. Previous similar divergences led to major corrections, including 2000, 2008, and 2021 dips. 4️⃣ Overextended Market Conditions: Volume is declining despite new highs, signaling weak buying pressure. Sentiment is euphoric, typically a late-stage bull market characteristic. 📊 Possible Scenarios: 🟢 Bullish Case: If SPY breaks and sustains above the 0.786 Fibonacci level (~672), we could see an extension. 🔴 Bearish Case: A break below 600 and a weekly close under 575 would confirm the start of a major correction back to the 350-400 zone (previous wave 4 region). 🚨 Final Thoughts: The technical evidence suggests that SPY is in a late-stage bull cycle, and the risk of a major pullback is high. While timing exact tops is difficult, long-term investors should be cautious, and traders may want to start looking at hedging strategies or taking partial profits. 📢 What’s your take? Are we near a major top, or is there more upside left? Drop your thoughts in the comments! 👇 #SPY #SP500 #StockMarket #ElliottWave #Fibonacci #RSI #BearishDivergence #Trading #Investing 🚀📉
AMEX:SPY
by EduNuri
2
SPY Faces Key Support Test! A Reversal or Breakdown Ahead? Jan3Technical Analysis: 1. Trend Overview: * SPY is consolidating within an ascending wedge pattern but is now testing critical support levels near $598. * MACD shows bearish momentum as the histogram dives deeper into negative territory. * Stochastic RSI has entered oversold territory, hinting at a potential bounce but no confirmation yet. 2. Support and Resistance: * Immediate Support: $598. * Key Resistance: $610, aligned with the highest positive NETGEX wall. 3. Volume: * The recent decline is supported by increasing volume, signaling strong selling pressure. GEX and Options Perspective: 1. Gamma Levels: * Resistance: $610 (highest positive NETGEX), followed by $615. * Support: $598 and $595 as critical PUT walls with -59.64% and -67.37% negative gamma concentrations, respectively. * Extreme Bearish Zone: Below $590, where PUT dominance may accelerate downside moves. 2. Implied Volatility and Sentiment: * IVR: 19.4 indicates moderate volatility. * IVx average: 15.7, showing slightly elevated implied volatility compared to historical norms. * PUT$ dominance at 70.3% highlights bearish sentiment in the options market. Trade Scenarios: 1. Bullish Setup: * Entry: Above $601 with confirmation of strong buying volume. * Target: $610, with a stretch target at $615. * Stop-Loss: Below $598. 2. Bearish Setup: * Entry: Below $598, confirming a breakdown from support. * Target: $590, with an extended target at $585. * Stop-Loss: Above $601. Actionable Suggestion: * Watch for a reversal signal at $598, potentially confirmed by bullish divergence on MACD and Stochastic RSI. * In case of a breakdown, consider aligning trades with PUT-heavy zones below $595 for downside continuation. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage your risk effectively.
AMEX:SPY
by BullBearInsights
2/03/2025 Weekly Analysis + WatchlistSPY - Failed 2U week after going outside month the week before. Not super shocking, but now we sit in an interesting spot. The new month will open inside bar and has to either take out previous month highs (Which is ATH) or Jan Lows. Seeing that the range is pretty wide for downside, It will take less effort to make new ATH. Not that it means a whole lot, but that is something to note. Next, we see the week closed failed 2D, but is pretty much slapped right in the middle of last weeks range, so it will take an equal amount of effort to make a HH or LL. Finally, from a daily perspective we have a large failed 2U with slight PMG to the downside. We are definitely primed for a sharp corrective move Monday, but of course anything can happen, we are just much closer to seeing the bear scenario than bull. In my mind, the ideal weekly scenario is this: Monday sees sharp corrective move, taking out the PMG guys, then the rest of the week climbs, triggering the weekly 2-2 Rev, which then ideally sends us into ATH once more before seeing either BF expansion on the Month (since we would go 3-2U.), or seeing us start to come back through last months range for a larger corrective move. In the pure bear scenario, we trigger the daily reversal, head down to weekly 2-2 cont. trigger, then see if we can make progress down back through a few daily gaps, ultimately targeting prev month low for the 3-2D M. Given that we are going into a new monthly open after going 3, we could very easily just chop and go nowhere for the week seeing as we may just remain inside week with the month being inside to start out before possibly seeing control more clearly dictated in the 2nd/3rd week of Feb. Main advice regardless is to trade things that are moving early on like gappers, and anything where the month goes 2U or 2D in the first week. Avoid inside bars if possible and trade light! Main setups for the week: Bull: GE - Inside D and W ORCL - Hammer W to head back through D gap. Cautious with this one MRVL - Weekly 2-2U. Daily gap fill to the upside after giant gap down to exhaustion risk Bear: BA - Shooter 3-2D weekly. Bear Revstrat daily. Daily BF looks solid. MSFT - MoMo Shooter M, 3-2D W, Daily 2-1-2D. Check daily BF. Still has magnitude after massive ER drop VZ - Weekly 2-2D, Daily shooter 2-1-2D, FTFC Red. Check daily BF Neutral: RKLB - Inside week. Nuclear Green FTFC and super crazy ATR lately
AMEX:SPY
by Alanger17