Nightly SPY Prediction for 10.28.2024No Economic events but the Futures are gapping down. Extremely volatile moves upcoming and we need to ensure we are on top of our daytrades and swingtrades. No need to be holding too aggressively without a clear trend.Shortby TrendTao334
$SPY next-week!AMEX:SPY Trade Setup 💡 Target Entry: < $577 Position: SPY 574 Puts (Oct 30 Expiry) Technical Analysis: Multiple tests of major trendline last week = critical support level Two potential scenarios: Trendline Break ⬇️ Expect accelerated downside momentum Trendline Hold ⬆️ Watch $585.27 as key breakout level Break above = potential run to new ATHs Risk Management: Entry only if price drops below $577 Clear invalidation points at trendline and $585.27by A1TradingHub1
2 Confirmations last week just as we planned, What's next? SPY PRICE HAS BEEN MOVING IN OUR FAVOR ! CHECK MY LAST WEEK ANALISIS, Before we get to the analysis i just want to say... So far, the price has moved in our favor. If you check the results of previous analyses, you’ll see that the price has moved exactly according to my analysis of price action, supported by institutional trading concepts. Each green check mark represents a prediction that was correctly fulfilled according to the analysis from one week ago. My analyses are weekly, carefully prepared every weekend, but note: the study of price movement and the forecasted direction here, is based on my experience as a trader. I DON’T KNOW WHERE THE PRICE IS HEADING! IN FACT, NO ONE DOES! Every price movement and behavior is based on a historical movement of institutional supply and demand. Based on the years I’ve spent studying this concept, I can predict the next price movements. However, it’s crucial to emphasize that trading is ultimately speculation, but if you have really good fundamental study in price action & structure, your margin of error will always be minimal. So This analysis is for you but at the same time for entertainment purposes do not take trades because I'm greedy on any active, please do your own research first and you will have tyour final decision. BACK TO SPY... The price indeed broke out of the channel after we saw it crawling like a worm along the channel support. Indeed, the price began to range after the channel breakout. Looking at the overall structure, the price has been losing strength and volume since last week. I have a feeling we won’t see all-time highs soon, as it’s time for the price to start accumulating or simply making its natural pullback. I'm expecting the next move to either be a pullback that touches my "order block" zone and then starts gaining momentum to recover all that decline, or, in another scenario, if we see enough volume on Monday, it could start fluctuating in a range to accumulate before touching new all-time highs. BUT! The price could reach highs while forming its accumulation range. However, what we’re looking for is a decision from the price to break out of the range and reach new highs along with a new extreme! So be patient; this week will be very interesting to analyze in terms of price behavior. Thank you for supporting my analysis. TRADE SAFE! Best regardsby RocketMike1112
$SPY October 26, 2024AMEX:SPY October 26, 2024 15 Minutes. Gap down on Wednesday made the trade go south. AMEX:SPY below all moving averages. For the fall 584.46 to 578.08 582 583 is a good level to short. I will buy above 585 only. Need to see on Monday how this turns out. by RiderTrader3316
SPY IS GOING TO $571It appears that SPY failed to test the $582 support and is now heading towards $571. SPY needs to pull back at $571 if it closes below this level, the next target would be $564.Shortby Balum6792
U.S. Election affect on the Stock Market 2012 / 2016 / 2020 Here's what the market did over the last 3 elections the U.S. had. 2012 / 2016 / 2020 Obama / Trump / Biden What's in store for 2024 ? #SPY #MSFT NASDAQ:AAPL #AAPL NASDAQ:AMZN #AMZN NASDAQ:QQQ #QQQ #ICT NYSE:ES #ES SP:SPX #SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY #NQ NASDAQ:MSFT NASDAQ:TSLA #TSLA NASDAQ:NVDA NASDAQ:AMD #NVDA #AMD #trump #harris #election #technicalanalysis #stocks #investing #financeby SADnation1
SPY BULLISH CONTINUATION AHEAD|LONG| ✅SPY is trading in a Strong uptrend and the etf Is now making a local bearish Correction towards the support Of 574.40$ from where we will Be expecting a bullish rebound And a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx112
Spy 580 PutsWe have been trading in a ascending wedge for the pass week. 586.12 has been a strong area to break. we are also loosing buying power with in this pattern. The pattern is a daily and 4 hour trend that has strong respect.Short13:44by HelloUs227
Cycle AnaylsisLast three pull back which two time SPY went under 20 MA sit perfectly with in this cycle period, Guess when is the possible next low of the cycle ? NOV 5th.... It may not be perfect but there is a high chance of this could happen during election week Shortby JerryDaniel110
Spy Road To 600Fellow Traders We Hit Our 582 We Are Now On The Path For 588 Lets Goo Traders Follow For More UpdatesLongby JoeWtrades5514
$SPY HyperInflation returns AMEX:SPY return of hyper inflation will we see AMEX:SPY my high target of $640.30 or will it die off around $540.70 give or take after we reach those highs we will see pullback back down to $395 if buyers fail to step up to show support we'll be testing 2008 lows back around $285 eventually down to $200 then $86 then $24 (WW3 scenario / end of world scenario/ near default) As bears we've done our job to short squeeze it to highs as news hit about Trump wall st bought up the rumors let's see how long we'll extend the rally. Thinking we got a bit more to go before we short completely after the rate cuts come around fall time you'll see a mass sell off as banks shut down.Longby calmstradesUpdated 8
SPY/QQQ Plan Your Trade For 10-25: Rally111 PatternHappy Friday, Today is potentially the start of a moderate rally phase in the SPY/QQQ headed toward my predicted peak level near October 30-31. Although this week has had lots of rotation, we've seen the markets hold up pretty well. Tesla surprised with earnings recently after Boeing and other issues prompted a bit of panic selling. My research suggests the SPY/QQQ will attempt to move a bit higher over the next 3-4 days - attempting to setup a peak just before the election. The 3-4 days prior to the election are likely to be very volatile as liquidity dries up. Traders need to stay keenly aware of risks over the next 15+ days - even after the election day. Whatever happens on election day, we are likely to see some moderate level of unrest and challenges related to who won. I believe the current election will be the most watched and validated election in US history. Everyone is watching for errors and shenanigans this time. As traders, our #1 job is to protect capital. That is why I suggested traders more to 80-85% CASH over the past 2+ weeks. There is no reason to be engaged in this market at full allocation levels when I expect the markets to become extremely volatile (and potentially prompt a flash-crash type of event). Remember, lack of liquidity means extreme price volatility. Gold and Silver are moving into another rally phase. Get ready to see Gold above $2800. Bitcoin is still consolidating - just as I expected. This is the time to play it smart. Trade smaller allocation levels and prepare to hedge against risk factors over the next 2-3 weeks. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long30:41by BradMatheny1110
SPY scalping tomorrow Oct. 25, 2024For SPY scalping tomorrow and analyzing the close for the week 1. Analysis: Trend: SPY is currently trading in a clear downward channel, with resistance around 580 and immediate support near 577.99. The downward trendlines suggest continued pressure to the downside unless it breaks out above resistance. Key Levels: Resistance: 580.00, 581.22 Support: 577.99 (short-term), 574.12 (stronger support zone) Volume: There's been a visible spike in volume, suggesting heightened interest around current levels. The question for tomorrow is whether this will translate into further selling or a potential bounce. Scalping Strategy: Bearish Bias: Given the downtrend, I'd lean toward a bearish bias until we see a decisive break of the upper resistance at 580. This is where many traders may anticipate selling pressure, especially with lower highs being printed. Entries: Look for a possible retest of resistance at 580. You could consider entering a short position if this level holds as resistance and the price starts rejecting this area with selling volume. If price breaks above 580, wait for confirmation before reversing to a bullish stance. Exits/Targets: If short from around 580, consider targeting 577.99 as the first exit, followed by 574.12 if weakness continues. Watch for signs of consolidation or potential bounces around 574, which could lead to reversals intraday. Closing Thoughts for the Week: If SPY continues to trade within this descending channel, it's likely to test lower support levels like 574 or even 570. However, if there's any significant news or a surprise buying surge, watch for a potential upside break of the 580 level, which could shift sentiment more bullish into the end of the week. Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Trading carries risks, and it's essential to do your own research or consult with a licensed financial advisor before making any trading decisions.by BullBearInsights4
SPY diamond top possible SPY has formed a diamond with a $9 range looking for break of trend then retest of trend break to short.by RLB512Updated 2
SPY Diamond patternSpy is setting up on the 3hr chart with a diamond pattern. I am estimating a $7 move until the top line confirms. No need to jump the gun wait for the candle break and close.by RLB512Updated 2
Round top Pattern It's a clear round top pattern, signaling a potential trend reversal. This occurs when an asset's price rises gradually to a peak, then slowly declines, forming a rounded, dome-like shape on the chart. The pattern indicates weakening upward momentum and suggests a possible downward trend or sell-off. Traders often view it as bearish, particularly if the price breaks below the support level at the base of the round top.Shortby JerryDaniel2
Working To Unlock The 3-6-9 Secrets Of The MarketRecently, there have been a lot of questions related to my SPY Cycle Patterns and how they work. I've often stated that these patterns are based on Gann, Tesla, and Fibonacci's price theory. However, underlying all that is a core component related to the 3-6-9 (secrets of the universe) theory. This video tries to introduce you to the concepts of the 3-6-9 theory and how it overlays with Gann, Tesla, Fibonacci, Japanese Candlesticks, and more. My focus for the past 24+ months has been to unlock this theory's secrets and develop a practical use component (code) that attempts to provide very clear future trading/price predictions. Spend some time watching this video. See what you think and open your mind to the concept that price moves through construction and destruction phases (likely based on the 3-6-9 concepts). At the end of this video, I share some practical knowledge/examples showing why I believe the 3-6-9 theory is critical to unlocking the true secrets of market price action. I may never be able to unlock all of it, but I'm dedicated to trying to unlock as much as I can within my lifetime. This drives me to build code solutions and attempt to improve my skills. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Education32:40by BradMatheny7716
Eye SPY on the MoveLooking like spy is going to try to push back to 582 today, I’m keeping an eye on that level and I’m gonna look for the price action either up or down. by Stoxor1
SPY US500bounced of the second trend support, but the main trend has been broken for the third time, this signals weakness. waiting to see if it will recover the main trend at 587 or 575 is broken, each level will signal the next direction by lell03122
$SPY Analysis, Key Levels & Targets for 10.24.24Alright guys, so I'm not making a video tonight. I lost my voice; I caught a cold or something like that. But, we are opening right at the bottom of the implied move for the week, which is 578, and we also closed right at the 30-minute moving average. So, if you look at that momentum—the 30-minute moving average momentum and the one-hour moving average momentum—that does have us trading slightly up today. We have the 35 EMA above us, and at the very top of the implied move, we have the bear gap from yesterday. The top of the implied move is at 582 and 584 for the Friday contract. Remember, we have Amazon earnings today after hours. Underneath the one-hour moving average on the downside, the bottom of the move is 573, and 572 on Friday's contract. by SPYder_QQQueen_Trading226
SPY Ready for a Reversal? Key Levels to Watch for Oct. 24,2024Key Resistance Levels: 580.29: This level has acted as a strong resistance point. If price approaches this level tomorrow, watch for a rejection for potential short setups. 584.44 - 585.45: If SPY breaks through 580.29, this higher range will be your next resistance zone. Look for reversal patterns if SPY reaches this zone for a possible fade or continuation trades. Key Support Levels: 578.54 - 578.56: This support area could be crucial for a bounce. If SPY shows strength at this level, it may provide opportunities for long trades targeting resistance near 580. 574.41: A breakdown below this level could trigger a larger bearish move, opening room for short setups targeting the next lower support levels. Trendline: The downward sloping trendline is acting as dynamic resistance. A break above this line near the 580 region could signal the start of a bullish reversal, with potential to ride the momentum up to the 584 range. Volume and Momentum: Recent sell-off volume suggests sellers are still in control. Keep an eye on volume tomorrow—if the selling pressure continues, watch for breakdowns below key support levels. MACD are showing early signs of recovery from oversold conditions, which might signal a potential short-term bounce. My Thoughts for Tomorrow’s Trading: For scalpers, focus on the 578-580 range for quick trades. A bounce at support or a rejection at resistance should provide clean entries and exits. For swing traders, a break above 580 could indicate a short-term bullish reversal, targeting 584-585. On the downside, a breakdown below 574 could lead to further declines. Keep your trades tight, especially with the market volatility. Use these key levels as a guide, and watch how price reacts around them for confirmation. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and manage risk appropriately. Trading involves risk, and past performance does not guarantee future results.by BullBearInsights4
SPY Trading Plan 10/23ATR range for today is low of 576.82. And a high of 586.39. Exit at first target 581.01. Runner to 583.27. Set up for max loss. Longby MMOTA_Updated 0