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Opening (IRA): SPY August 16th 498 Monied Covered Call... for a 493.42 debit. Comments: As with my QQQ monied, re-upping in SPY after having taken profit on my August 16th 493. Here, selling the -84 delta call against, which will mean a lower max and a lower ROC %-age. Just looking to potentially milk a little more out of the August cycle (60 DTE), before moving into Sept. Metrics: Buying Power Effect/Break Even: 493.42 Max Profit: 4.58 ROC at Max: .93% 50% Max: 2.29 ROC at 50% Max: .46%
AMEX:SPYLong
by NaughtyPines
SPY/QQQ Plan Your Trade For 7-16 - Price Starting To FLAG OUTGood morning everyone, Today's video should be an important warning to prepare for prices to move into a tight, consolidated, FLAGGING type of trend. Remember, you'll hear me say price either FLAGS or TRENDS—that's it. If you understand these FLAGS are price constructs that present mechanical price structures, we can then use them to analyze future price structures. It all becomes clear that price moves in logical structures related to energy, vibration, amplitude, frequency, and cycles. Without getting too deep into the abstract of price theory, let's focus on where to find opportunities... Watch this video. Over the next 5+ trading days, you will find 35 very clear price swings, which I believe will provide ample opportunity for skilled traders. Beyond those 35 bigger swings, you should get ready to sit and wait (in CASH) for the bigger opportunities to set up between July 22 and 25 (for a rally to start). Smart traders must understand you can't force the markets to move as you want. You must sit back and wait for the right opportunities for your trades (or you'll get chopped to pieces). In this video, I've clearly laid out what I expect to see happen for the SPY/QQQ over the next 10+ days. There are still opportunities for skilled daytraders. My only warning is to START SMALL and build positions within your risk tolerance levels. Don't swing for the fences in this market for the next 5+ days. Stay safe. There will be more significant price swings starting on the 24th or 25th of July. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
1
$SPY July 16, 2024XETR:AMEX : SPY July 16, 2024 15 Minutes. XETR:AMEX : SPY made 3 HH pattern. So, if we take 555.83 as low, we can expect 566-567.5 levels as target for now provided it holds around 557 levels At the moment it took support at 61.8% of the fall as support. For the fall 564.83 to 559.62 it needs to cross 563.8 levels to resume uptrend. So, for the day Buy above 564 to 566-567 as target and sell below 556.5. If this level is broken, I expect a 4 to 5 $ fall. Remember 556 is 9 MA support in daily.
AMEX:SPY
by RiderTrader
SPY/QQQ Plan Your Trade 7-15 Update - Building Support...This mid-day update to my SPY Plan Your Trade video series was probably needed as I'm getting many questions about what I think is happening today. In short, we saw a bit of a rally early in trading, followed by a moderate pullback. Yes, today's Exhaustion Rally pattern has not shown up yet. But as we learned last week, the price can respond a bit delayed when certain types of events disrupt market trends. I continue to suggest that the markets are attempting to settle after last weekend's big events. Traders are trying to digest what is happening and where to position capital. My weekend analysis showed a powerful push in RSP (the equal-weight S&P500 ETF), suggesting capital is moving into a more broad-sector rally phase. I do believe that capital shift will continue to drive future rallies. But, we also have to get through this week's SPY Cycle Patterns, which clearly illustrate the need for the markets to contract a bit (Wednesday ~ Friday) before moving into a more substantial rally phase mode near the 22~24. Sit tight. Let the markets settle. Watch this video to see how I view support and why I'm not worried about any potential collapse yet. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold The reality of Fibonacci Price Theory and most Technical Analysis techniques will teach you that as long as the price stays above $559.75 (above Friday's GAP). Buckle up.
AMEX:SPYLong
by BradMatheny
$SPY Forecast For Years To Comeplease dont take my opinion as financial advice i'm just a 17 year old with some speculations. with that being said let me explain myself. With the fed pausing still i believe we will keep rallying till we see our first cut once we get that first cut it'll be the market top. The fed has been sitting on their hands for way too long and with inflation sneaking back up i dont see it getting better until its too late. stuff will start breaking soon and it'll just put us more and more into a downward spiral. going into 2025 we will be in a bear market and throughout 2025 we will be trying to fight a spike of inflation which will scare the market and bring us down to 2022 highs and if shit hits the fan we will continue to see downside going into 2026. the battle against inflation isnt a quick fix and this will take time (a couple years) we will eventually recover but it wont be till we see the fed's inflation goal of 2% for a couple months of consistency that'll be our green light for ATH. I will be scaling into end of year shorts starting at $550, $560, and final $570 im not missing this opportunity with the stock market this overbought knowing that the dot plot forecasts higher inflation to come next year. Taking profits on the way down as more data comes out. Thank you for your time and i will be open to hearing others opinion.
AMEX:SPYShort
by bullishbrowsing
07/15 SPY ATR Levels and RangeWith the crazy event over the weekend and lite work on the reports side with the exception of Powell speaking at 1230... I DONT Know what to expect and will be watching the following levels. If we can get over 562.50 area and hold there we could see the 563.60 and higher range. If we lose 561.41 then we got to 559.80 area for a potential bounce.. If not we could fall to last weeks low of 556.96 SCALP SR2 563.28 SR1 562.71 SPOP 562.13 LAST PRICE 561.56 SBREAK 560.99 SS1 560.41 SS2 559.84 ------------------------------------- R2 567.29 R1 565.08 POP 563.76 LAST PRICE 561.56 BREAK 559.38 S1 557.64 S2 556.48
AMEX:SPY
by TuskenDayTrade
SPQ/QQQ Plan Your Trade For 7/15 - Exhaustion Rally PatternGood morning everyone, This new Plan Your Trade video will illustrate why I believe the SPY may target 568~570+ highs over the next two days before rolling downward into a moderate downward/consolidation phase. If you've been following my videos/research, you already know I believe the markets are setting up for another LEG HIGHER. But, first they need to roll into a PAUSE phase over the next 5+ days, then move higher on new momentum. Watch today's video to learn why my SPY Cycle Patterns are so incredible and help traders plan/prepare for big market moves. Here we go... Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
5
SPY/QQQ Plan Your trade 7/12 - Carryover PatternToday's Carryover pattern should be very interesting. Do we carry over the deep selling pressure from yesterday or do we reject the downward price trend and revert back to the previous bullish trending. I expect a reversion back to the bullish trending setting up today. If the overnight price action were to continue downward today, the emotional selling pressure from yesterday would have been more evident. I believe the price will attempt to find support today and could move into a short squeeze later today - setting up a possible recovery rally above $565 on the SPY today. Of course, it is almost impossible to accurately predict future price trends, so I'm doing my best as we see this massive volatility hit. Remember, I'm trying to help you learn to become a better trader by watching prices, learning the techniques I try to teach, and applying the best techniques possible to keep you on the right side of the price trend. Of course, if we do see a rejection of this downward price move, it will become evident before Noon ET. If not, we may be in for an even deeper downward trend. This is why I clearly suggested traders learn to allocate funds properly. Learning to reduce trade sizes while volatility increases is critically important—unless you like blowing up your account. So, buckle up.
AMEX:SPYLong
by BradMatheny
18
07/12 SPY ATR Levels and RangesBeen out of the pocket for the last 2 days, so I am just going to stick to my lines this morning no emphasis on a perspective or thesis. ATR is at 4.39 which is going up from prior month and from earlier this month. I do think that we go back up from this low we are experiencing, the PPI reports came out this am relatively flat, however a shave off a few tenths of a point is good in the economics world. tradingeconomics.com SCALP SR2 559.35 SR1 558.78 SPOP 558.21 LAST PRICE 557.64 SBREAK 557.07 SS1 556.50 SS2 555.93 Standard Levels R2 563.35 R1 561.16 POP 559.84 LAST PRICE 557.64 BREAK 555.46 S1 553.73 S2 552.57
AMEX:SPY
by TuskenDayTrade
SPY/QQQ at a level not seen since 2000In summary, the chart suggests that the SPY/QQQ ratio has been in a prolonged downtrend with intermittent periods of consolidation and minor rallies. The overall sentiment appears bearish, with the price below key moving averages and technical indicators reflecting continued downward pressure. However, the ratio is near a support level, and if it holds, there could be a potential for a short-term rebound. Considering that QQQ is heavily weighted towards tech stocks and SPY is a broader market index representing the S&P 500, a few additional implications can be drawn from the chart showing the SPY/QQQ ratio: Tech vs. Broader Market Performance: The downtrend in the SPY/QQQ ratio indicates that, over a long period, QQQ (tech stocks) has outperformed SPY (broader market). A declining ratio suggests that tech stocks have generally been a stronger investment compared to the broader market. This could be due to the tech sector's significant growth and its large impact on market trends, especially in areas like software, hardware, and communications. Economic and Market Cycles: The performance of tech stocks relative to the broader market can also reflect different economic and market cycles. Tech stocks often perform well during periods of economic growth and innovation but can be more volatile and susceptible to sharp corrections, as seen in the early 2000s and during other market downturns. Investor Sentiment and Risk Appetite: The relative performance can also signal changes in investor sentiment and risk appetite. When investors are confident and seek growth, they might favor tech stocks, driving up the QQQ. Conversely, in times of market uncertainty or economic downturns, investors might prefer the diversification and perceived safety of the broader market index like SPY. Sector Rotation: The chart could also indicate times of sector rotation, where money moves between sectors based on economic expectations, interest rates, and other macroeconomic factors. For example, if the ratio were to start increasing, it could suggest a shift in favor towards more diverse or defensive sectors included in SPY compared to tech. Market Valuations: The long-term performance trend might reflect the expanding valuations in the tech sector, which have been noted particularly in recent years. This might raise concerns about overvaluations in tech compared to more traditional sectors. Implications for Asset Allocation: For investors, the trend in the SPY/QQQ ratio can be critical for decisions about asset allocation. Depending on their outlook on tech stocks versus the broader market, investors might adjust their portfolios to capture potential growth or to hedge against possible downturns.
AMEX:SPY
by HumaTrading
SPY/QQQ Plan Your Trade 7/11 EOD FollowupWhat can I say about today? It was also an emotional response to the CPI data falling in line with expectations. How did this happen? The way I interpret this data, traders were literally gutted that the CPI number didn't come in hot. They wanted a hot number so the Fed may be pressured into making a move on rates. I guess traders don't understand that we need the US economy to continue being the 900-lb gorilla compared to global economies. In fact, I want the US economy to continue to dominate global economies for the next 5+ years to grow our GDP and real wages and create an environment more similar to the 1990s—2010s US economy. Far too many people simply don't understand how important it is for the US economy to continue to outperform global markets. So, as you watch this video, please don't lose perspective of what is really taking place right now. A. The US economy is strong. B. The CPI data came in AS EXPECTED. C. Nothing has really changed from yesterday to today. D. Gold and Silver are moving higher as FEAR elevates (and demand for physical metals increases). E. The US markets will start to fall back into line (Bullish) as earnings continue to report. I urge you to stay cautious related to these big data days and understand emotions take control for many traders on days like today. Logic is thrown out the window when traders try to chase these types of trends. Moves like this can be big winners - or massive losers. So, I always urge traders to PLAY SMART. Trade only 1/3 to 1/2 positions on big news days. The trick to being a great trader is to never act in a manner that could blow up your account in 3 hours. If you want to do that, go to a casino and bet on RED or BLACK. If you want to be a skilled trader, then learn to position your trades relative to your risk exposure and remember - tomorrow is another day full of opportunities. At the end of the day today, the SPY Cycle Pattern nailed the move today. I did not nail the move with my expectations. Remember, I'm not 100% accurate all the time. Still, I've called 14 of the last 15 days very accurately. Not bad - huh? And if you think that is easy to do - give it a try yourself.
AMEX:SPYLong
by BradMatheny
2
SPY: Week of July 8Hey everyone, Messy, messy, messy. We continue to only ever go up. As of now, SPY broke out to the upside (with a caveat that I will get into in a second). We are above all thresholds, 3 month and 6 month, with the high prob 560 target right within reach. I don’t really have any doubts that we are snagging this 6 month target first (the 560), before we can even contemplate downside. And with the breakout, the move is still up. We may only get one more good day of upside and then chop for a bit, but its still upside after the chop concludes. And with us being almost at ATHs again in terms of actively open short positions, the bears assured SPY of continued upside. Most things made new ATHs, inclusive of META. NVDA struggling, but this seasonally is a really bad month for NVDA, so I won’t really long it as a substitute for other things. The caveat I wanted to quickly mention is the complete absence of volume that has been driving these “breakout” moves. Plotting the weekly buy vs sell volume, this is what we have: For the past month, we have had like below average volume. And as of this week, we see sellers (orange) crossing above the 14 period SMA of selling volume and buyers falling below. Now, absent really conclusive volume, the bias continues to be up. But the question is why is there so little volume? Perhaps big money is stepping away from things. Perhaps whales are just watching their profits accumulate before the exit. Who knows, but its something to keep note of. As long as the volume remains low, then its just a continued chop up with the occasional “pseudo breakout” when all of the low volume traders are all bulls. I do think we are approaching a temporary top, however this will be post the high probs at 560 (in my opinion). In general, my expectations are we continue up, snag the 560s, maybe up to 570s, we see a pseudo correction back down to that 537 high prob target, and then we continue up into EOY. I’ve said it in another post, but just to remind you, my overall expectation / target price on SPY for the year is around 601, with my guestimate of a closing range in the high 550s – 570s, based on historical ATRs and the 6 month TP levels on SPY. Anyway, the levels are in the chart above. Red zones are the range caps. Last week, SPY got rejected at the range cap EOD on Friday, so pay close attention to those. Otherwise, it should be smooth sailing for bulls. I was long all week last week and continue to be long via UPRO (which, if you read my recent post, I should have went SPYU … ah well). Will begin the exiting process at 560. Also, ARIMA levels are in the chart as well. Safe trades everyone!
AMEX:SPYLong
by Steversteves
11
SPY Has Finally Now Neared Its Final Target Of 570!Traders, It feels as though I have been discussing a SPY top at around 570 for years now and I can see from the history of my posts that this is actually true. I first started with the premise that the U.S. stock market would experience a blow-off top of sorts. Elliot-Wave theory and technicals seemed to support this idea. Though admittedly, I am nowhere near an expert in this area, I went with it, following the technical guidance of those who were. It was not too long thereafter I spotted something on the charts that I was very familiar with. This pattern supported and confirmed the idea that stocks would blow-off. What I spotted was a longer-term (2 year) inverse head and shoulders pattern. This inverse h&s played out and gave me my target of 570. 2 years later, we are finally almost there. Targets are not meant to be absolutely precise. Close enough is both good enough in hand grenades, horseshoes, and in calling market tops/bottoms. Therefore, not wanting to press my luck, I have decided to finally start taking some profit and moving to cash. Though, my target definitely could be exceeded, it is also possible that it may not be reached. I don't think the latter will be the case but I have been wrong before and could be wrong again. If I had to guess rn, I'd say this blow-off top could extend to a time frame just before election shenanigans begin. We are already seeing some of the nonsense here in the U.S. and thus, I know time is running thin. Before all hell breaks loose, SPY could touch 650. And then? Anyone's guess. Best, Stew
AMEX:SPY
by stewdamus