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SPY/QQQ Plan Your Trade For 7-22 - Making Your Own DecisionsMorning again, This morning, I received many questions from subscribers and other members asking, "What should I do?" Should I buy, wait, or what? I won't tell you guys what to do every 10 minutes. I deliver this research, the SPY Cycle Patterns, and other content to help you make better trading decisions. I put together this video to better explain my expectations about the morning rally and subsequent pullback. This is very important because my job is not to tell you when to trade and what to do. My job is to teach you the skills to make your own decisions. Honestly, if you don't know what you want to do regarding trades, don't take any trades at all. Wait it out a bit. I know all of you want to know what's going on in my head, but it is illegal and unethical for me to tell you what you should do regarding trading. I deliver the most precise content I can - ensuring you see and understand what I believe is likely to happen. From there - you make all the decisions. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
S&P 500 ETF (SPY) Pulls Back Within Bullish ChannelThis image shows a price chart for the SPDR S&P 500 ETF Trust (ticker: SPY), which tracks the S&P 500 index. Here's an analysis of the chart: 1. Trend: The overall trend is bullish, with the price moving upwards within an ascending channel marked by green dotted lines. 2. Recent price action: There's been a pullback in the most recent candles, with a significant red candle indicating a drop in price. The current price is around $550.43, down 4.28 points (-0.77%) from the previous close. 3. Support and resistance: The lower boundary of the channel may act as support if the price continues to fall. The upper boundary could serve as resistance for future upward movements. 4. Volume: The volume bars at the bottom show varying levels of trading activity. There's a notable spike in volume coinciding with the recent price drop, suggesting increased selling pressure. 5. Market sentiment: The recent pullback might indicate some short-term bearish sentiment or profit-taking after a sustained uptrend. 6. Key levels: The psychological level of $550 seems to be important, as the price is currently hovering around this area. In conclusion, while the SPY has been in a strong uptrend, the recent pullback suggests some caution. Traders and investors might be watching to see if the price finds support at the lower channel boundary or if this could be the start of a larger correction.
AMEX:SPY
by Moshkelgosha
07/22 SPY ATR Levels and RangeThe ATR of the SPY continue to get larger, again this could and very well is a cause of the downside action, it still calculates into the ATR regardless. We got a clustering of price action below where we currently are something I am looking at for a bounce range. Bulls wanna protect 549.60 level Bears want to fall through 549 and drag this down to 547.80 Bulls want to hold this 549.6 to 550/80 area and push up through 554.08 reclaim 556 Lots of geopolitical news out this weekend and as usual the market is in FUD mode. And the CNN GnF meter is showing NEUTRAL!!! Good luck
AMEX:SPY
by TuskenDayTrade
SPY/QQQ Plan Your Trae For 7-22 - Topping PatternGood morning, I hope all of you had a wonderful weekend. Today, we start the trading week with a Topping pattern on my SPY Cycle Patterns. That means we should see the SPY/QQQ rally higher, attempt to find a resistance/peak price level, and then roll downward (moving away from that resistance area). Over the past four weeks, I've been amazed at the accuracy of my SPY Cycle Patterns. Can you believe I've been able to predict more than twenty trading days into the future—calling rallies, selloffs, tops, bottoms, and congestion periods almost perfectly? Sometimes I get the "well, you were wrong about WHATEVER" type of comments from viewers. I may have been wrong about one or two things in my expectations related to how price would move, react, or trend. But, I challenge anyone to attempt to accurately predict 3+ weeks of future price trends, action, direction, or expectations as I do. If you think you can do any better than what I'm doing - go ahead and give it a try. Let me know how it works out for you. Again, I'm not suggesting my SPY Cycle Patterns are 100% accurate, but I've never seen any other technology or AI like it. Nothing on the planet can predict the SPY/QQQ future price moves like my SPY Cycle Patterns and my own skills applied to interpreting them to reflect accurate future expectations. We have one more week to go with the SPY Cycle Patterns, and then I have to decide if I want to continue giving this away or not. Hearing all the great comments has been fun, but I want traders to understand this is a premium solution. This is not the average comment/suggestion you get from someone else. In my opinion, and you can make this decision on your own, this proven technology appears to work better than anything else I've ever seen. There is no place where you can see 2~3 weeks into the future for the SPY/QQQ and have any confidence in the data presented. Get ready. We have 2~3 days of basing/consolidation before we shift into a moderately strong bullish breakout/rally phase near the 24~25 of July. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
$SPY July 22, 2024AMEX:SPY July 22, 2024 15 Minutes. The Oscillator divergence did not sort out between 563 - 565 levels. Now again we have a divergence as AMEX:SPY making LL but oscillator did not make LL. So, a bounce back expected for the fall 559.53 to 547.9. The 61.8% retracement is 555 levels. We could be resisted in this at 552.5 being 50-day average. If we take the last fall from 554.05 to 547.9, we have 551.7 as 61.8% retracement. Hence for the day i expect 551 to 554 move which could give an opportunity to short.
AMEX:SPYShort
by RiderTrader
1
$SPY Tomorrow's Trading Range and all the levels in itAMEX:SPY Tomorrow's Trading Range and all the levels in it Ok... this is tomorrow's Trading Range. We are kicking off Earnings season in full force this week. 20% of the S&P is reporting Earnings Reports: Google (GOOG) and Tesla (TSLA) report earnings on Tuesday. Both have the potential to significantly impact the market. Other notable reports include Waste Management (WM), AT&T (T), Visa (V), Coca-Cola (KO), and 3M (MMM). Flash PMI: Scheduled for Wednesday at 9:45 AM, this will indicate economic health, showing perceived market expansion or contraction. Advanced GDP: Released Thursday, this first look at Q2 GDP can significantly influence market sentiment. Core PCE: Out on Friday, this inflation measure will be closely watched. A low reading could spark a market rally, while a high reading might lead to selling. US Politics: Potential developments include a decision from the incumbent not to seek the Democratic nomination, which could impact the market depending on the endorsement of another candidate.
AMEX:SPY
by SPYder_QQQueen_Trading
SPY/QQQ Plan Your Trade 7-20 - PineScript Project FeedbackI've been playing with this little project for about 7 hours now (off and on). Pinescript is fun once you get the hang of the syntax and how it expects objects/booleans for most of the conditionals. Overall, I think this project is moving along nicely, but I wanted some feedback on the visuals. I'm trying to create something that will help daytraders see and understand broad trends arising from shorter-term price swings. I get a lot of questions related to how/when to identify key market price reversals - so I'm trying to develop a way to help traders understand and see where opportunities exist for better trades. Watch this video and let me know if you see anything I can do to improve the visuals or color controls. I want this to SHINE so people fall in love with it. Thank you. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYEducation
by BradMatheny
3
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 #gold
AMEX:SPYLong
by BradMatheny
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.
AMEX:SPYShort
by AdvancedPlays
1
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 #gold
AMEX:SPYLong
by BradMatheny
4
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.
AMEX:SPYShort
by BullBear-Insights