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. Short03:33by carsonusa50
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 #goldLong23:18by BradMatheny5
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 ishLongby ShortSeller76118
SPY needs to bounce, oversold on 4 hour and under chartsSPY is a buy buy buy for a snoop bouncey bounce! Then look out below!! I think we should bounce to $556.72 ish before resuming the downtrendLongby ShortSeller761
Market Crash Prediction UpdateIt's been about a month or so since I first began to publish bearish ideas and it was a rough few weeks after being wrong about that, but that's how it goes. Picking the top is difficult. I was very confident in my thesis overall, but we're dealing with multi-year patterns and it was dumb to make a shorter term bet based on them. These things can overshoot and go on far longer than anyone thinks. We got the pullback I was looking for finally and It's possible this recent pullback could turn into something a lot worse. I think where we open on Monday is critical and we should have some direction once we see where things open if it is not flat. A lot of my bearish ideas are beginning to work out, but really we're just now back to the area where I got burned shorting the last time. It's make or break for bulls here IMO. 5500 on SPX, 20k on NQ, and a VX breakout. Sitting at some major support levels while VX is making new highs, a recipe for disaster for those who end up on the wrong side.Short15:52by AdvancedPlays113
SPY Short: Peak reached1. Completion of 5 waves 2. RSI divergence 3. Volume decline 4. Breach of trendlineShort05:36by yuchaosng3
SPY in SMC Zone 1, Nearing Bottom of ChannelSPY experienced worst week since April. SPY is currently in SMC Zone 1, nearing bottom of channel. Break of channel and SMC Zone 1 could trigger further selloff into SMC Zone 2. This analysis is for informational purposes only.by quietbull334
SPY/QQQ Plan Your Trade 7-19 EOD WrapUp - Learning A vs. BWhat an incredible week for all of us! The big price swings early in the week banked some big success with my SPY Cycle Patterns. Today, the bearish exhaustion pattern was much tougher to read/play for some—and that could have been my fault. I want to review something I try to clarify in my videos - the A (Success) vs. B (Failure) concept. I learned this from a Prop trader in the North East a long time ago. He called it "Failure To Succeed vs. Failure To Fail". It is much easier to call it Success or Failure (IMO). My research/content is based on a simple A vs B structure. Either my expectations will be correct (A), or they will fail (B). I want you to be able to make skilled decisions based on the content, pattern, directions, and expectations I deliver in my videos. As I tell many clients, "I do the research - you make the decisions." This video will highlight WHY I never took a trade today. My expectations continued to FAIL all day long. Sometimes that happens. There are more trading opportunities next week - right? No worries. If you have time, please review some of my recent videos to identify the A vs B content/structures I present. I want all of you to gain success using my tools/research. Part of that is learning how I view the markets/trends. The A vs. B structure is very important to learn - because all of my research is based on this simple technique (and a lot of Fibonacci Price Theory, which is also included in this video). Stay safe this weekend. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong31:34by BradMatheny444
$SPY $SPX Daily and Weekly TARGET HIT!!Alright, y'all... Target from last nights video has been hit 🙌🏼 That was a solid pull back. The weekend tends to reset momentum a little bit, but dang... what a fun week!! by SPYder_QQQueen_Trading3
SPY: Overview of the Stock Market Today (July 19, 2024)Overview of the Stock Market Today (July 19, 2024) Key Market Movements: Tech Disruptions: Shares of cybersecurity firm CrowdStrike and Microsoft fell due to a worldwide IT outage caused by a software update from CrowdStrike, affecting businesses globally. This led to a decline in shares for Delta Air Lines, United Airlines, and American Airlines due to grounded planes during the early morning operations. Netflix Earnings: Netflix shares are rising after beating earnings expectations, with $9.56 billion in revenue and a net income of $2.15 billion for Q2. Despite lower guidance for Q3, the market reacted positively due to strong current performance and subscriber growth. Hawaiian Electric Settlement: Hawaiian Electric shares jumped 37% in premarket trading following news of a $4 billion settlement related to last year's Maui wildfires. American Express Decline: American Express shares fell about 2% due to a revenue miss, reporting $16.33 billion against the expected $16.56 billion. Broader Market Trends: General Downtrend: Major indices like the Dow Jones, S&P 500, and Nasdaq experienced significant declines due to a broader tech rout. The Dow fell by 533 points, highlighting the widespread impact of the tech sector's pullback. Mixed Performance in Commodities: Gold prices hit an all-time high earlier in the week but faced a slight decline today, reflecting investor sentiment on potential Fed rate cuts and inflation concerns. Market Sentiment and Strategic Insights: Volatility in Tech: The tech sector continues to be volatile with potential buying opportunities despite current setbacks. Analysts suggest that the sector is critical for long-term growth due to the ongoing AI boom and advancements in technology. Rotation and Opportunity: There is a belief among some analysts that market rotation will continue to fuel the bull market, presenting opportunities for strategic investments. Entry Points: Considering the current market volatility, especially within the tech sector, investors might look for entry points in quality tech stocks that have pulled back significantly. Companies like Palantir and Nvidia are expected to benefit from long-term trends in AI and technology adoption. Current Price Action: Price Level: SPY is currently trading around the 553 level. Downtrend Channel: The price is moving within a descending channel, indicating a bearish trend. Support and Resistance Levels: Immediate Support: Around 550.45. This is the recent low and a key level to watch for potential bounce or further decline. Immediate Resistance: Around 553.32 - 553.34. This area marks the upper boundary of the current volume profile and recent price congestion. Volume Profile: Volume at Price: There is a high volume node around the 553 level, indicating significant trading activity and potential resistance. MACD Indicator: The MACD (Moving Average Convergence Divergence) shows a bearish crossover below the zero line, which suggests bearish momentum. However, the histogram bars are showing signs of decreasing bearish momentum, indicating a possible slowdown in the downtrend. Trendlines: Descending Channel: The trendlines of the descending channel provide a framework for potential price action. The upper trendline acts as resistance and the lower trendline as support. Trading Strategy: For Long Positions (Bullish Scenario): Entry Point: Consider entering a long position if SPY breaks above the immediate resistance at 553.34 with strong volume. Confirmation above this level could indicate a potential reversal or bullish continuation. Target Price: Aim for the next resistance level around 559.45, which is a significant level marked on the chart. Stop Loss: Place a stop loss below the recent low at 550.45 to manage risk. For Short Positions (Bearish Scenario): Entry Point: Consider entering a short position if SPY fails to break above the resistance at 553.34 and starts to move lower. Target Price: Aim for the immediate support at 550.45. If this level breaks, the next target could be around 548. Stop Loss: Place a stop loss above the recent high around 555.34 to manage risk. General Market Sentiment: The overall market sentiment today appears to be cautious, influenced by mixed earnings reports and broader tech sector volatility. The ongoing downtrend in SPY reflects the general market pressure, particularly from the tech sector. Conclusion: Monitor the key support and resistance levels closely. The price action around these levels, combined with volume and momentum indicators, will provide further clues about the potential direction of SPY. Adjust your trading strategy based on real-time market conditions and ensure proper risk management.Shortby BullBear-Insights3
07/19 SPT ATR Levels and RangeKeeping it real quiet this morning, not going to put alot of emphasis on direction or perspective, its friday and the RNC is over, the reports are going to be lite and the day is going to be FAFO 0DTE Friday, good luck. The ATR has increased to 4.82, but that increase is due to the downside stretch being added in form this week. by TuskenDayTrade1
07/19 SPY ATR and Levels Keeping it real quiet this morning, not going to put alot of emphasis on direction or perspective, its friday and the RNC is over, the reports are going to be lite and the day is going to be FAFO 0DTE Friday, good luck. The ATR has increased to 4.82, but that increase is due to the downside stretch being added in form this week. by TuskenDayTrade0
SPY Will Collapse! SELL! My dear friends, SPY looks like it will make a good move, and here are the details: The market is trading on 559.90 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 550.43 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 6618
SPY Update, Bear market or what?Just my thoughts, not at all advice! Trade your plan and as always, safe trades! The historical ATR post: 12:05by SteverstevesUpdated 10110149
SPY/QQQ Plan Your Trade for 7-19 : Bearish Exhaustion (Bullish)Good morning, Today's pattern is a Bearish Exhaustion in Trend mode. This pattern suggests the selling pressure is abating/stalling and price may attempt to revert back up to the $560-561 level over the next few trading days. I believe price is entering a new FLAGGING formation that will resolve sometime near July 24-25 (as my SPY Cycle Patterns have predicted for over 3+ weeks now). I continue to receive many comments from readers, and I appreciate all the love and support you've shown me. Now, as we move into this flagging formation, we will see how the SPY Cycle Patterns can help us scale back out allocation levels (trade sizes) while we wait for the next big trending phase to start. Remember, the SPY/QQQ will likely continue to consolidate into a tighter FLAG type of formation over the next 3+ days before we start to see a moderate bullish price breakout near July 23-24-25. I hope you guys are enjoying all of these videos. It has been a lot of fun creating them for you. The feedback I've received has been incredible. Happy Friday. Get Some today. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long16:05by BradMatheny4
$SPY Road to $600 & May 2025 crashWe are using cycle analysis, ATH Retests, demand & supply zones, trends & geopolitical risks. SPY has been a monster even before the COVID crash (Orange strike line to mark with cycle analysis further correlating to regression paths. Per analysis next one expected May 2025.Longby Dot0dte0
SPY/QQQ Plan Your Trade 7-18 EOD Wrap-up - Crush Turns BULLISHGood afternoon everyone, I've been running around taking care of my father the last few days - but these big price rotations have been very exciting. Can you believe how accurate my SPY Cycle Patterns have been over the past 3+ weeks? I'm getting comments from people calling me the GOAT and saying how "galactic" my analysis has been to help their trading. Well, get ready. Now, I'm building a new PineScript utility to help day traders. When I finish it, I hope it will be everything people want to help them stay on top of intraday price swings. Watch this video to learn why the next three days are your opportunity to position for the next big price swing (Bullish). Learn why tomorrow may see price revert higher before stalling into a sideways consolidation channel for about 2~3 days. Then, on or after the 24th, we should see the SPY start to make a solid upward price move - leading to a bullish rally phase targeting the $606 level I suggested months ago. Get ready; this is going to be an exciting price move for all traders. And please share my videos with your friends if you like my work. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong13:17by BradMatheny4412
SPY: Selling is NOT OverThis week the markets have been getting battered as I predicted earlier in the week. Many people on the message boards are adamant that we will reverse and reach a new high, but from my analysis I just don't see it. I trade using SMA's, RSI, and Elliott Wave Theory. From the conclusion I've gathered from top EW analysts that I follow on Tradingview and other subscription websites, we reached the top of Wave 5 on Tuesday. The cluster of candles is quite similar to other clusters during the time of a reversal where we see a slow push to the price target, then a final push before trending downward. As far as SMA analysis, the 6 and 10 have started curling over to the downside and SPY is currently resting on the 20 SMA. Once the 6 and 10 SMA cross below the 20 SMA, we tend to see selling pick up until it reaches the 45 SMA. Once those aforementioned SMA's cross below the 45 SMA, we typically see the greatest amount of selling. I'm looking for the next SPY move to send us down to 542 which places us directly to the 45 SMA. We may rest there for a few days or reverse, but that will come on a later post when we get to that level. The black lines represent gaps that are still waiting to be filled. I believe we are well on our way to having one of those gaps filled very soon. As always, best of luck to everyone and stay frosty tomorrow!Shortby FiboTrader1114
SPY: Selling is NOT OverThis week the markets have been getting battered as I predicted earlier in the week. Many people on the message boards are adamant that we will reverse and reach a new high, but from my analysis I just don't see it. I trade using SMA's, RSI, and Elliott Wave Theory. From the conclusion I've gathered from top EW analysts that I follow on Tradingview and other subscription websites, we reached the top of Wave 5 on Tuesday. The cluster of candles is quite similar to other clusters during the time of a reversal where we see a slow push to the price target, then a final push before trending downward. As far as SMA analysis, the 6 and 10 have started curling over to the downside and SPY is currently resting on the 20 SMA. Once the 6 and 10 SMA cross below the 20 SMA, we tend to see selling pick up until it reaches the 45 SMA. Once those aforementioned SMA's cross below the 45 SMA, we typically see the greatest amount of selling. I'm looking for the next SPY move to send us down to 542 which places us directly to the 45 SMA. We may rest there for a few days or reverse, but that will come on a later post when we get to that level. The black lines represent gaps that are still waiting to be filled. I believe we are well on our way to having one of those gaps filled very soon. As always, best of luck to everyone and stay frosty tomorrow!Shortby FiboTrader1113
S&P is strong; however, some immediate uncertainty loomsLast week was marked by a very slow start and a chaotic finish. On Monday and Tuesday, prices bracketed in a very narrow range with neither side willing to take action. On Wednesday, the bulls gathered some momentum for a rally only to be countered by the bears the next day. While the bears’ attack appeared fearsome, it lacked real conviction (as I pointed out in my report), and it eventually faded. On Friday, the bulls took the initiative, erasing all the bears’ achievements. From a technical perspective, we have the following disposition: 1. Price is in an uptrend on all major timeframes. Last week closed quite strong. 2. All major S&P sectors are supporting the upward movement (see Market Inner Strength Index) 3. RSI is highly overbought on the daily timeframe and slightly overbought on the weekly timeframe. Although this doesn’t mean much in strong uptrends, we should still pay attention to it. 4. On the hourly chart, there is some unclear bracketing with an extending range. We have both a poor high and a poor low. The bulls clearly have the upper hand on all major timeframes, making the most likely scenario a continuation of the uptrend. Fundamentals are also on the buyers’ side: inflation is decreasing, and the first bank reports were quite positive. However, it is also possible that we’ll see more bracketing in the short term due to political uncertainty, which deprives the market of the conviction needed for prolonged movements. We can see signs of traders’ hesitation on the hourly chart: breakouts without follow-through and reluctance to carry positions over the weekend. Coupled with price overextension (remember the RSI), there are enough arguments to support the need for short-term consolidation and the collection of additional information before moving higher (if nothing changes fundamentally). Disclaimer I don't give trading or investing advice, just sharing my thoughts. by hermes_trismeUpdated 2
Spy short hunt is on!!Today is a poor high on a triple distribution day with lower acceptance, at the time of typing this. This means below today low tomorrow (if acceptance remains in lower area) I will open about a 10 to 20% sized position short.Shortby alleytraderUpdated 110
SPY/QQQ Plan Your Trade for 7-18 - CRUSH : Answering Questions Everyone has been messaging me this morning... And I expect that to happen, especially on a day like today. First, most people are asking me if I changed my expectations related to the counter-trend CRUSH pattern. The answer is NO - I don't usually alter my analysis. If the pattern does not do what I expect, I'm usually just sitting on the sidelines waiting for the pattern to be set up. Second, understanding Trending vs. Counter-Trending. Remember, I use a 3 to 5-day average trend when I'm trying to identify the direction of trend. I don't like to look too far back because I've seen these patterns react to very short-term trend changes. I still see the Counter-Trend CRUSH pattern as generally bullish. Today's early morning downward trend is a flash of buyers/longs. Lastly, when would I try to enter any trades today? This video clearly shows why I would wait for the $555.50+ level to be breached before I try to enter any LONG trades. I don't try to pick tops or bottoms. I've seen that/done that before, and it usually ends up VERY BAD (lol). If that's what you want to do - go for it. Me? I'm going to wait for some type of confirmation of the upward price trend and wait out this downward price trend. Once I get solid confirmation of an uptrend, then I may consider jumping into some Longs or Calls. You don't have to trade like a Banshee every day. All you need to do is find one or two good trades daily (if they show up). Tomorrow is another day full of opportunities. So, sit back - watch this video, and learn to be patient. Oh, and don't try to stand in front of a freight train - you'll get RUN OVER. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong15:49by BradMatheny227
SPY/QQQ Plan Your Trade Major CRUSH Pattern UpdatePlease be very cautious with today's Major CRUSH pattern. These are usually very big-range price bars, and they can be very dangerous if you are caught on the wrong side of a trend. I suggest trading with only 25~50% of your normal capital if you are unsure how you want to trade. This CRUSH pattern will likely result in a larger open~close range than yesterday. We are trying to see if price will hold above the $554~$555 support level. If so, we may see the counter-trend Major CRUSH pattern play out as a rally bar later today. If not, be prepared for a further breakdown in price. We must see that the $554~555 level acts as support, and we must see the price REJECT near that level to prompt any type of price reversal. This is going to be a "Buckle-Up" kind of day. Don't say I didn't warn you about how big CRUSH patterns can be. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong05:02by BradMatheny442