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SPY trade ideas

SPY/QQQ Plan Your Trade EOD Update : Rally ContinuationThis quick update related to my SPY/GOLD cycle patterns, and other research/predictions, is to help you plan and prepare for the pending rally phase in the markets. Based on my research, the markets will likely pause a bit tomorrow, Wednesday, and move into a basing/bottoming phase - where price will attempt to develop support. From that support, I see a fairly strong rally taking place on Thursday and lasting into late- Monday/mid-Tuesday next week. As I have urged traders to stay cautious over the next 15+ days (elections and liquidity issues), this may be a great time to play the last rally phase before the 3-5 day pullback just before the US elections. Watch this video. Follow my research. If you are new to what I'm doing, then watch my Plan Your Trade videos for a week or two. See if you like my style of analysis and if it helps you improve your trading. My objective is to help as many traders as possible. I'm not 100% accurate in my predictions - but I believe my research is uncomparable to others in what I'm capable of presenting/sharing with all of you. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
3
SPY/QQQ Plan Your trade For 10-22: Gap Reversal In Counter-TrendToday's Gap Reversal in Counter Trend mode should resolve as a moderate downward early price trend - possibly transitioning into a base/bottom and turning higher near the end of the trading day today. Looking at the charts, it appears price is actually leading my SPY Cycle Patterns by about 12+ hours right now. Why?? I don't actually know why - but it appears price is anticipating the cycle patterns a bit early. Given the heightened sense of concern related to the elections, price may be rolling through stages of liquidity and volatility with only about 15 days to go before the elections. Either way, as I suggested, this week is going to be tough to trade with the markets moving into a pause phase ahead of the elections. Most traders are trying to position assets away from the markets or are planning on riding things out past the elections right now. I continue to suggest traders scale back allocation levels this week and next because of the issues related to liquidity in the markets. Look for the SPY/QQQ to attempt to find a base and try to melt upward near the end of trading today. Gold & Silver should stay rather muted today. Bitcoin is consolidating - just as I suggested. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
16
$SPY November 5, 2024AMEX:SPY November 5, 2024 15 Minutes. For the extension from 539 to 575 to 565 AMEX:SPY made 61.8% of the move at 586 levels. For the fall 583.32 to 568.44 it retraced 50% to 575.5 levels. Now we have a sideways in box range between 575 to 567. Bias id down as AMEX:SPY below all moving averages. The positive side we have is for the lows 568.44 and 567.86 in 15 minutes we have oscillator divergence. Therefore, if I take the rise 539.95 to 586.12, I expect first target to be 563 being 50% of retracement for the move. Bias is towards short side.
AMEX:SPYShort
by RiderTrader
$SPY #IslandBoy #ComingSoon like $PLTR $TSLA $VFCCrystal ball telling me AMEX:SPY is gonna leave put buyer's stuck on an island in the coming weeks/months. Higher Lows + Higher Highs = Uptrend intact I always mention "Shakeout B4 Breakouts" AMEX:SPY wedge + Election = WallofWorry/Fear (Buy when...?) Tomorrow could be filled with more "fear" perhaps a vol spike, but I expect/hope for AMEX:SPY to hold this gap down range then Gap up Thorsday and put up a strong gap + hammer candle... - Prophecies PS; If looking for recent #Island examples check tickers in title. All recently putting up "Island Reversals" after earnings... Election = Spy "Earnings"
AMEX:SPYLong
by Prophecies_R_Us
S&P Weekly RecapLast week saw significant moves in the S&P 500 , with Thursday’s open revealing a sharp gap down that quickly intensified into a strong sell-off. This correction unfolded despite strong earnings from “Big Tech” and was likely driven by weakness in key economic indicators, such as GDP growth and Non-Farm Payrolls, combined with uncertainty surrounding the upcoming U.S. elections. Still, the broader weekly uptrend remains intact for now, as long as the index holds above key levels. One area to watch closely is the 566.6 support, which has been tested by recent volatility. There’s no guarantee that this level will hold if selling pressure continues, so it’s a crucial line to monitor. That said, the general uptrend is considered safe above 538 , which is the major weekly low. Another significant level to watch is 561.5 , the Value Area High (VAH) of the recent weekly consolidation zone. An interesting signal was the elevated call/put ratio on Friday. This uptick suggests that, despite the sell-off, bullish sentiment remains alive, with many viewing the dip as an opportunity. The continued strength of the XLC sector further reflects this optimism, as it managed to hold firm even through the broader index’s pullback. Considering all the above, the long-term market outlook remains bullish. Key levels to watch in the coming days are 566.6 for immediate support, 561.5 as an important pivot point, and the weekly major low at 538 . Next week is packed with high-impact events, including the U.S. elections and the Federal Reserve’s interest rate decision . Both are likely to drive heightened volatility and could serve as key catalysts for market direction.
AMEX:SPYLong
by hermes_trisme
SPY in a Downward Channel: Pivotal Levels for November 4, 2024Technical Analysis: Current Trend: SPY remains in a bearish downtrend, respecting a descending trendline. Recent price action indicates consolidation near support, suggesting potential for either a rebound or further decline. Resistance Levels: $578.45 - $578.58: Immediate resistance zone; breaking above this could indicate a bullish reversal towards $583. $583.27 - $584.90: Upper resistance range; a move past this would confirm stronger bullish sentiment. Support Levels: $571.30 - $571.39: Closest support zone near the bid; a breakdown below this may lead to a test of $567.75. Indicators: EMA (Exponential Moving Averages): SPY remains below the EMAs, indicating continued bearish pressure. An EMA crossover would be a sign of potential trend reversal. MACD: Shows slight bullish divergence, hinting at a possible rebound but not yet strong enough for confirmation. Potential Entry Points: Short Position: If SPY fails to break the $578 resistance zone, consider a short entry targeting $571 and $567. Long Position: A strong close above $579 could open up long opportunities, aiming for $583 and higher. Summary: SPY is at a decision point within its downward channel. Watch key support and resistance zones closely for signals of continuation or reversal. Disclaimer: This analysis is for informational purposes only. Always conduct your own research before trading.
AMEX:SPY
by BullBear-Insights
SPY adjusted in July for the election ...In July, the market adjusted slightly to prepare for the upcoming election on Nov. 5th, 2024. The SPY was usually topping out around the 22nd of the month, and started to go back up around the beginning of each month. But in July the downward movement lasted a little longer. (I circled the area where it started to adjust) and it started to go back up around August 6th. I suspect the market will start to go up tomorrow as the 4 hour, 5 hour indicators started to show a move upward. I believe it will gap up tomorrow and continue to go up. I should have entered today but missed my chance. I just started to use the Heikin-Ashi candlesticks as I find they show more of a definite direction on the chart itself. But I am still learning about this. :-) But you can see on the chart how you can see a definite direction on the chart itself. I use the MacD, DMI and the Stochastic RSI as my indicators. The SPY will move between 32 to 40 pts this month before a brief retracement prior to the election. This was the average movement in the past few months. I use the fib tool to get a general approximation of the target. I'm not exact on how to use the tool so my targets are a little off. I suspect the target will be around 598 (3.618 fib) to 604 (4.236 fib) It should hit this target around Oct 22 -25th before trading sideways or going slightly lower prior to the US election. After the election, the market will go back up. Happy trading, everyone!!
AMEX:SPYLong
by Princessgirl
13
Ascending ChannelBased on the chart, the current trend appears bullish but shows signs of potential consolidation or hesitation near the upper resistance. Here are key observations: Upward Channel: The price is moving within an ascending channel, generally a bullish signal, as it reflects a series of higher highs and higher lows. Consolidation Near Resistance: The price action near the top of the channel suggests consolidation. This could indicate a bullish continuation if it breaks above resistance, but if it fails to do so, there could be a bearish reversal down to the support trendline. Election Date Impact: The November 5th marker might act as a catalyst. If uncertainty or risk increases around the election, we might see more volatility, potentially breaking out of this channel. For now, the trend remains bullish within the channel, but keep an eye on resistance and how the price behaves as it approaches that key date. A breakout would be bullish, while a reversal could signal a short-term bearish move.
AMEX:SPY
by JerryDaniel
SPY Technical Analysis for Oct. 30, 2024Technical Analysis Resistance Levels: 585.26: This level represents a recent high and serves as a short-term resistance. If SPY breaks and holds above this, it could lead to further bullish momentum. 584.44 and 583.05: These are additional resistance zones, highlighted in red, which could act as potential selling zones if SPY approaches them. Support Levels: 582.98: This support level has held several times, indicating it’s an area of buying interest. A breakdown below this could indicate bearish sentiment. 578.46 and 577.61: These lower support zones could come into play if SPY sees increased selling pressure, providing areas to watch for a possible bounce. Trendlines and Patterns: The downward-sloping trendline is broken, suggesting a shift from bearish to bullish sentiment, at least temporarily. A consolidation zone around 580-582 (marked in green) indicates a demand zone where buyers have previously stepped in. This could act as a key support if SPY retraces. Volume Analysis: Volume has shown some spikes near the resistance levels, indicating that traders are actively watching these levels. If SPY approaches these levels with high volume, it might either push through or face strong resistance. Momentum Indicators: The momentum indicator below the price chart is beginning to show bullish divergence, indicating that momentum may be shifting in favor of the bulls. This is supportive of a potential continuation to the upside, but it would require confirmation by holding above key support zones. Directional Thoughts For tomorrow: Bullish Scenario: If SPY opens above 583.05 and holds, it could attempt to test the 585.26 resistance. A strong breakout above 585.26 with volume might lead to further bullish moves. Bearish Scenario: A drop below 582.98 might lead to a retest of the 580.83 support level. A failure to hold above this could see SPY move towards the 578.46 level. Given the broken downtrend and initial signs of bullish momentum, I’m leaning toward a bullish outlook for tomorrow as long as SPY stays above the key 582.98 level. Watch for entry points near support and potential targets at resistance levels. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and you should consult with a financial advisor to ensure it aligns with your individual circumstances. Always do your own research before making any trading decisions.
AMEX:SPY
by BullBear-Insights