$SPY on the 1hr timeframeI was going to make this chart private like I do many of my charts that are just for me but this chart is beautiful!! 1hr timeframe. It think this is the timeframe the brings us down a bit so worth studying...
SPY trade ideas
$SPY August 25, 2024AMEX:SPY August 25, 2024
15 Minutes.
From August 20, 2024, AMEX:SPY has sorted out the divergence issues.
It was in the range 556 to 563 and moving averages are consolidated.
For the week i have target 565, and if crossed 570.
In 5 minutes if you consider 554.98 as current low=, if an extension is drawn from 554.98 to 563.1 to 557.29, we gat 570 as 1.68 extension for this move.
I took that number as there was a divergence in oscillator for the lows 555.25 and 554.98.
On Monday holding 560 levels I have a target 564 565.
Daily is strong so uptrend is confirmed for me provided 493 is held.
SPY: Short Signal with Entry/SL/TP
SPY
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short SPY
Entry - 562.09
Sl - 573.42
Tp - 543.13
Our Risk - 1%
Start protection of your profits from lower levels
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1928 Has Begun Early, Powell Has Given In. QE 3.0
The linchpin was Japan, the Japan interest rate scare has started the panic with the FRED.
1. US Debt spiral is 34.5T.
2. US Debt Interest at 1T and the system has buckled.
3. MMF at all time high
4. Majority still believe a yield curve that has not worked since 2008 will cause a recession.
5. The USA cannot have a recession or it defaults on its debt.
Rates have to be cut and fast, MMF will start pouring into the market, cheap credit will start reinflating all assets. QE 3.0 will be commenced shortly to deal with the US Debt death spiral.
This is the biggest financial crisis around the corner, people will short it who don't understand the USD currency is about to be debased by figures we can't imagine.
This is the end game and it could last years.
Its fun speculating the deflationary crash down, where's the debasement inflationary melt up?
Clear path to 570Stochastic golden cross at the high, RSI 65 could be 83 MACD could double to 8, golden cross EMA 20/50 POSSIBLE RETRACE ON THE FIBS TO 0.5, but momentum is there. Only issue is double top.
Weekly Recap & Trade Ideas ReviewA recap of this week's trade ideas I posted earlier in the week. I forgot to mention LULU, but I updated that idea with some thoughts. For now I think it's just a matter of seeing if it can hold above 265 or not. Most of the ideas worked well, but some need more time to play out. SNOW finally had a big drop which was an idea from last week. COIN puts were also an idea from last week, that's one of the ones that isn't looking great right now, but we'll see what next week brings. If BTC breaks above 63k I'll have to stop out of that one.
8.23.24 - Mid-Day Session $SPY - Post- Jerome Powell The order blocks are so crucial regardless of the news. Powell spoke today and ran market up for an hour or so then the order block was fill on the 1 hour time frame then puts started to print.
SPY/QQQ Plan Your Trade 8-23 Update: Gold Rips - SPY StallsHere is a quick update related to the post-Powell expectations.
I still believe the SPY will consolidate through most of today and move into a broader rally phase next week and into early September.
Gold is RIPPING higher after Powell's comments. I expect Gold to try to break above $2600 next week.
Bitcoin is still struggling to break above the $63k level. It may make a move next week. Time will tell.
Follow my research.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Pre-Market - Powell Speaks Today at Jackson HoleNo bias really on the market but currently holding NYSE:JPM Calls
SPY/QQQ Plan Your Trade For 8-23 : Harami Inside PatternToday's SPY Cycle Pattern is a Harami-Inside pattern. This suggests the SPY will stay rather muted today - trading sideways and likely staying between 557-560. I believe the SPY will trend upward a bit and try to close near 560.
I don't believe we'll see any big trends today - mostly just sideways consolidation.
Gold will likely attempt to move above $2450 - attempting to regain support above $2535.
Bitcoin will stay somewhat flat - probably below $61.5k as the big move won't happen till next week.
Today may be more of a "go golfing" day.
Literally, the SPY/QQQ/Gold/Bitcoin will probably stay in a very narrow range today - moving into a bigger trend next week.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
When FED pivots..
Almost every time in history when interest is pivoting down, markets go down aswell. Something whihc is contrairy with what you have learned in school. But these graphs don't lie.
What do you think?
Thanks to Alessio for this idea.
$SPY Tomorrow's Trading Range for SPY 8.23.24AMEX:SPY Tomorrow's Trading Range for SPY 8.23.24
Tomorrow's Trading range for Friday the 23rd and Jerome Powell is speaking at Jackson Hole. . .
The full walkthrough is on tonight's video.
I love how the market tests powell every time now... LOL...
GL, y'all.
Mag 7 Drags Down Large Cap - Potential Index Wedge FormationsThanks for checking out the video today. It was a reasonably nice selloff today, led mostly by the Mag 7 stocks. All US Indexes were in red, Nasdaq taking the worst of it around -1.60% lower.
Powell on tap for Friday with Day 2 at Jackson Hole. The market is oh so curious if the FED will cut 25 or 50 bps in September and we have plenty of news to digest prior to the official September 18 FOMC Meeting and Press Conference.
If Friday Aug 23's trading day pushes lower and helps balance out the aggressive bull moves from August 5's bottom, we could see a nice wedge pattern in the works - lower highs / higher lows.
Watch the S&P Daily 200 SMA or 200 EMA for some dynamic support. It will be interesting to see if the bulls and bears both get what they want with prices on the move through September with volatility returning to elevated levels > 20 perhaps.
Thanks for watching!!!
Lesson from my WINS August 22 2024I go over my trades from today I made $50. I started off with a bad trade but started using the 10 and 15min charts to confirm with the 5min more and it paid off and I had some good trades. I still need to be more aware about when to hold or let my runners run. Over all I am happy with today I felt a lot more patient and disciplined while waiting for my levels and confirmations with volume.
$SPY BULL/BEARAs you can see, the yen carry trade resulted in a huge drop breaking the AMEX:SPY out of the channel it was trading in. AMEX:SPY then recovered exponentially fast and brought price back into the prior channel. IF bulls can pump this tomorrow we could potentially be seeing our way to new highs. If bears pull this back out of this channel we could be entering a down trend with a double top being established on the daily time frame. If bulls win, I will be targeting $575 and if bears win I will be targeting $540 as my first PT. Best of luck, Not trading advice but will upublish my trade once it is open.
SPY Local Short! Sell!
Hello,Traders!
SPY has hit a horizontal
Resistance level of 563$
And we are already seeing a
Bearish reaction so we will
Be expecting a further
Bearish correction
Sell!
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Check out other forecasts below too!
Expired SPY Weekly outlook. 3rd WK AUG 2024Expired SPY Weekly outlook. 3rd WK AUG 2024
> BULLISH 📈 CORRECT
Prior Week Closed Price: 554.31
This Week Target Price: 559.79
Strike Price: 562.72 on AUG 22, 2024
Upper Range: 569.59
Lower Range: 549.99
$SPY Massive M shape double top AMEX:SPY is approaching a massive M-shaped double top. lf happens could be a long-term short.
How to Use Fibonacci Retracements with Supply and Demand on SPYI go through an A+ setup that made me some money today on SPY. I love this strategy because it is simple and easy to learn you can also manage your risk well. Let me know how your trading day went in the comments and let me know if you have any questions.
Job revisions and tomorrow expectationsLots of short seller were hoping for a much more negative reaction to jobs revisions. While the revision is large, it ultimately doesn't derail expectations much. More likely, smart money will use the opportunity to squeeze short sellers into a pop upwards tomorrow and break through the current resistance level on indices. Keep an eye on overnight behavior, it'll give us a strong indication on where the indices will be headed.
Ideally, once indices breaks thru resistance, it can take a small breather again and consolidate sideways, before moving upward more.
August 24, 2024 ES/SPY Analysis UpdateToday we did a lot of chopping. There is liquidity left to be grabbed (above) on SPY, from the 2HR perspective, at 564. Keep in mind we are nearing a strong resistance level at 565. ES has a daily FVG close at 5672, with a weekly candle body top at 5681 (major resistance level). Of course we are not going to neglect the support side. ES has a daily support FVG at 5607 (SPY 557). But SPY chart shows a wick penetrating the 555 price level, which would indicate potential bull rise to close the SPY gap before pulling back down to retest the 560 price level again at a different time.
SPY RISKY SHORT FROM RESISTANCE|
✅SPY is going up now
But a strong resistance level is ahead at 565.44$
Thus I am expecting a pullback
And a move down towards the target at 556.00$
SHORT🔥
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Crash Incoming ??Not trying to scare anyone but as you can see the upward trend is now in a a rising wedge.... Proceed with caution. 558.50 break and we can fall to 554
