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$SPY January 16, 2025AMEX:SPY January 16, 2025 15 minutes. Yesterday gap open was held. For the last rise from 578.97 to 592.96 AMEX:SPY retraced to 589.5 before achieving the target 594 for yesterday's move. 598.5 represents 23.6% fall for the last rise and took support at 61.8% retracement for the fall 597.74 to 575.35. Hence it is important that AMEX:SPY holds 589 levels for upward movement. For the extension 575 to585 to 578.35, 594 was achieved being 1.618 levels for the first rise. At the moment we have 200 averages above 50 and 100 in 15 minutes, hence I expect AMEX:SPY to consolidate between 590 to 593 levels today for a further up movement tomorrow. Also, we have an oscillator divergence from 592.9 to 593.9 levels No trade day for me today.
AMEX:SPY
by RiderTrader
6
SPY: Week of Jan 13th Lots of thoughts but generally undecided. In summary: I expect a bit of a bounce up to the 582 range. I expect a ton of volatility given the economic catalysts which will make it incredibly challenging for day traders attempting to trade it. I would caution starting a short position if you are not already short and wait to see how it treats the bearish triangle it has broken down from. Expect upside to the reference target at least at 582 ish. Expect a whole lot of whipsaw! Safe trades everyone! And those wanting the implied range from options indicator:
AMEX:SPY
by Steversteves
33
SPY Gap-Up Analysis and GEX InsightsMarket Overview: * SPY experienced a strong gap-up today, signaling bullish momentum driven by improved market sentiment and possibly favorable news/events. * Sector Performance: Leadership is evident in growth and technology sectors, while defensive plays are relatively lagging. * Volume: Notable increase in volume during the breakout, confirming institutional participation. Technical Analysis: 1-Hour Chart: * Trend: SPY continues its upward trajectory, testing resistance near $593-$595. * Indicators: * MACD: Displays positive momentum, but the histogram shows early signs of weakening. * Stochastic RSI: Overbought at 96.72, indicating potential for short-term consolidation. 30-Minute Chart: * Price Action: * SPY is consolidating below $595 resistance after breaking above $584. * The bullish gap-up aligns with recent strength, but momentum could face resistance at higher levels. * Pattern: SPY appears to be forming a rising wedge, a potential bearish reversal pattern if confirmed. Key Levels to Watch: Support Levels: * $590: Immediate support zone and HVL (Highest Volume Level). * $584: Strong support aligned with the 2nd PUT Wall. * $576: Key support, marking the lower trendline of the wedge. Resistance Levels: * $593-$595: Immediate resistance, coinciding with the 2nd CALL Wall and highest positive NETGEX. * $596-$600: Major resistance zone, with $600 as a psychological level and 3rd CALL Wall. Gamma Exposure (GEX) Insights: Key Gamma Levels: * Positive Gamma Walls (Resistance): * $595: 71.53% GEX (2nd CALL Wall). * $596-$600: High resistance zone, with $596 holding 68.17% GEX (3rd CALL Wall). * Negative Gamma Levels (Support): * $590: Strong support, holding 15.01% GEX9. * $584: Critical support zone with PUT dominance (-0.39% GEX). Options Metrics: * IVR: 16.4, reflecting low implied volatility. * IVx: 14.4, below average, indicating stable market expectations. * Call/Put Bias: Puts dominate at 42.1%, signaling cautious sentiment. Trade Scenarios: Bullish Scenario: * Entry: Above $595 with confirmation of volume. * Target: $596-$600. * Stop-Loss: Below $590 to manage risk. Bearish Scenario: * Entry: Rejection at $595 or breakdown below $590. * Target: $584-$576. * Stop-Loss: Above $596 to minimize losses. Directional Bias: * Bullish Momentum: SPY is poised for further gains if $595 resistance is cleared, targeting $596-$600. * Caution for Pullback: Overbought conditions and rising wedge formation suggest potential consolidation or retracement toward $584-$590 support. Weekly Outlook: * SPY's bullish momentum is likely to continue if market sentiment remains positive, with $600 as the major target by week's end. However, a failure to hold $590 may trigger a retest of lower support levels, presenting short-term opportunities for traders. Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
AMEX:SPY
by BullBearInsights
Not great for bulls, but whose trying to short a hole?Lot of gap downs, lot of rallies getting faded. Bears are cautiously in control. News can change things in an instant. I do believe we are closer to the end of this correction, but geopolitical issues are starting to come up that may keep things suppressed or sideways. Biggest risk/reward is aiming for a rally up by EOM. Perhaps when bad news takes a break. We do have an inflation reading release next week, could be nail in the coffin. Overall, I am starting a bullish position. More likely we see pops a relief gap ups from here. Maybe/probably wrong, but anyone opening a short position down here is clearly chasing and may find themselves becoming liquidity for overnight moves where all they can do is watch...
AMEX:SPYLong
by Tstevesminus3600
12
SPY/QQQ Plan Your Trade 1-15 Followup: Rally Into Jan 20-23This video was started to highlight the incredible predictive capabilities of my SPY Cycle Patterns and longer-term Cycle Research. It seems almost impossible to be able to somewhat accurately predict future price moves - but I'm able to do it with moderate success - sometimes months and years into the future. What does that mean to you - well, it should mean you want to pay attention to my research/videos and learn how to take advantage of my continued research. This video highlights why the Doom-sayers are wrong. The markets will continue to trend upward until the 2030-2033 peak. That's when traders need to be prepared for a broad market downtrend. But, it sure is fun getting emails and announcements from all the people that are now calling for a "great reset" to take place. It may happen in certain countries, but this is a market of economies - not a single economic market. What happens in some countries does not always happen to all countries. As the old saying goes - this is a market of stocks, not a stock market. Get ready - the next 5+ years should be full of incredible opportunities for skilled traders. 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/QQQ Plan Your Trade For 1-15 : Inside BreakawayToday is going to be a very interesting day. Mortgage data came in very strong, while CPI data came in moderately weaker. That is setting up a very strong GAP RALLY phase in the markets. Shorts are going to get SQUEEZED HARD this morning, and I suspect we may see a carry-through rally lasting most of the day. Be cautious of a pullback after the big GAP opening (higher) this morning. Gold and Silver are attempting to move higher - which is perfect if the US Dollar weakens moderately. Overall, Gold and Silver are attempting to hedge risk factors into 2025. Bitcoin will likely run into resistance just below $100k and attempt to fall downward again. This is a very exciting week because it appears the markets are shaking off the debt/credit/yields concerns and moving back to normal. Remember, where else will investors place their capital for Growth and Returns - other than the US? As I see it, the US markets are still the 900lb Gorilla in the global markets simply because of the ability of the US economy to rebound and recover much quicker than other foreign economies. Get some. BIG SHORT SQUEEZE this morning. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
$SPY January 15th, 2025AMEX:SPY January 15th, 2025 15 minutes As the numbers are below 200 averages in 15 minutes, I will short. For the fall 595 to 575 we have ascillator divergence, therefore, taking 575.35 as the low, drawing extension for the move 575.5 to 585 to 578.35, we have a first target of 588 and second target of 594 levels For the fall 597.75 to 575.35 we have 0.618 retracement at 590 - 591 levels. That is the level I will short. However, we have 200 averages at 588 levels, therefore the short will give us only $2 profit. Since the risk to reward is not good, we have to wait for the first 15 minute bar to form to see how the close is located, either near top or near bottom. As written many times, gaps which are unfilled are strong, therefore if we get the first bar close near top, keeping the low of the bar as stoploss, we have to go long. The reason is the values become above 200 averages, therby triggering a buy.
AMEX:SPY
by RiderTrader
4
Market Overview: More Real Life Patterns!!!I cover the Argentina banking sector and how a lot of stocks are covering the same patterns. I also discussed the complex pullback pattern that has been so prevalent in this market. We can see them in stocks like NASDAQ:LULU NYSE:WES NASDAQ:UAL and the short setup today, $S. There is also quite a few long setups. One that I like in particular is $ENB. The AMEX:SPY is in a steady range with a slight bearish bias. If you're short stocks, make sure you are reducing risk and taking your 1:1! Good luck and Good Trading!
AMEX:SPY
by JoeRodTrades
2025 Recession, SPY to Crash But Not YetEvery finance youtuber has been singing about an incoming market crash, recession and all sorts of doom for the past year during this unprecedented (very precedented?) bull run after yields inverted. Just going by the usual patterns and the technicals I would guess that the real pain wont start until April or May, that is based on how bonds uninverted in both 2000 and 2008. I think it makes sense, there is a lot of excitement around Trump and what he will do, all this make America Great and panama and tax cuts and IRS. The first 100 days of the Trump Presidency could have some hope which keeps the market afloat, and as a twist of fate the end of the 100 days lines up with the typical crash timing after an uninversion, that being around May of this year. If we do crash and go to recession I expect some big action from the Fed, after all we have Trump and he will be flaming Powel all day long, so the Fed may react quickly with a big cut that pumps the market up and then 1 more drop to gap fill us around 4300 level (SPY 430). Overall I expect a year of pain for the SNP500, but It won't start just yet, this has been a massive run up and so a topping pattern will take time to form, wait for signs of distribution lower low followed by lower high, sell in May and Stay Away. We will see if/how it plays out. Good Luck, Safe Trades, God Bless.
AMEX:SPYShort
by MikeSpy
SPY Consolidates Near Key Resistance! Can Bulls Break Out?Technical Analysis Overview: 1-Hour Chart: * Trend: SPY is trading in a descending wedge pattern, with resistance at $583 and support near $579. * Indicators: * MACD: Neutral with minimal momentum, indicating consolidation. * Stochastic RSI: Moderately overbought at 61, suggesting a potential pause or pullback. 30-Minute Chart: * Price Action: * SPY is consolidating near $582, with immediate resistance at $583. * Key support levels at $579 and $577 are holding steady. * Volume: Slightly declining, indicating market indecision near resistance. Key Levels to Watch: Support Levels: * $579: Immediate support zone, aligning with HVL. * $577: Secondary support, coinciding with the 2nd PUT Wall. * $575: Strong support near the 3rd PUT Wall. Resistance Levels: * $582: Immediate resistance zone, aligning with the 2nd CALL Wall. * $583: Key resistance level. * $584-$586: Major resistance zone with GEX walls. GEX Insights: Key Gamma Levels: * Positive Gamma Walls (Resistance): * $582: Immediate resistance aligned with the highest positive NETGEX. * $583-$584: Key resistance zone with 21.23% GEX (2nd CALL Wall). * $586: Long-term resistance zone (18.39% GEX). * Negative Gamma Levels (Support): * $579: Strong support backed by HVL. * $577: Key PUT Wall support (-43.2% GEX). * $575: Significant PUT Wall support (-39.18% GEX). Options Metrics: * IVR: 29.6, indicating low implied volatility. * IVx: 19.8, reflecting subdued market expectations. * Call/Put Bias: PUTs dominate at 49.2%, suggesting cautious sentiment. Trade Scenarios: Bullish Scenario: * Entry: Above $583 with volume confirmation. * Target: $584-$586. * Stop-Loss: Below $579 to limit downside risk. Bearish Scenario: * Entry: Rejection at $583 or a breakdown below $579. * Target: $577-$575. * Stop-Loss: Above $584 to manage risk. Directional Bias: * SPY is consolidating near a critical resistance zone at $583. A breakout could lead to bullish momentum toward $584-$586, while failure to clear resistance may result in a pullback toward $579 or lower. Conclusion: SPY is at a pivotal level near $583. A breakout above this resistance could signal further bullish continuation, while a rejection might trigger consolidation or a pullback. Traders should closely monitor price action and volume for confirmation. Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
AMEX:SPY
by BullBearInsights
SPY Mid week analysis 1/14/25SPY - Monthly reversal is now being negated as we moved back above the monthly 2-2d trigger at Prev Month Low. We are also now failed 2D coming back through previous week range. The daily went 2-2 rev, but closed failed 2u as we made higher highs, but closed red near mid range of the day. The question for tomorrow is do we continue pushing back through last weeks range to expand the BF created by the 3 from last week, or do we take the failed 2u - 2D reversal, reconfirm the Monthly reversal down as well as the weekly 3-2D. We have a 3-1 setup on the 4HR as well as an inside bar 60 which is what I will be watching going into open tomorrow assuming no gap up or down. Should be an exciting rest of the week as we look to see if bears can reclaim control on the W and M, or if Bulls are setting up for a recovery back to ATH. Levels to watch: Current 60 inside bar High and Low, Current 4HR bar high and low, Prev month low, 585.96 for upside which is the 2-2U rev target we did not get to today, but may compound 2Us tomorrow to get to if the bull scenario is playing out.
AMEX:SPY
by Alanger17
SPY/QQQ Plan Your Trade For 1-14 : Harami/Inside PatternToday's pattern suggests the markets will stay somewhat flat/sideways related to building a base. Yesterday, 1-13, my broad cycle patterns suggested the markets would establish a "base" - leading to a "peak" on 1-18 and a major top on 1-20. Because of this, I believe the markets will attempt to melt upward into a peaking pattern (with the SPY possibly reach 595-598) before stalling out ahead of the Inauguration event. Gold and Silver may follow this trend after stalling a bit today. Overall, I believe Gold & Silver will move upward attempting to hedge against global risk factors playing out over the next 30+ days. Bitcoin rejected the breakdown move yesterday - setting up another attempt at a THIRD sideways FLAG formation in an EPP pattern. This is very unusual - but given what the markets have been doing over the past 30 days - it is what it is. More than likely, we'll see Bitcoin rally a bit higher (near $100k), then stall again and attempt another breakdown event. Yesterday's new low suggests a breakdown is likely. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY Gap Filled - Local Bottom - More SendTrading Fam, I am not overlooking the small H&S pattern seen on this chart. I am simply presenting alternative data. What if that H&S pattern fails? It can happen. Even if we do drop further, our target down is that pink horizontal trendline. Will we get there before more buying ensues? Possibly. But this market is still bullish. The larger bull trend is still very much in tact. Additionally, we can see that an important gap has been filled. Therefore, it is very possible that the small H&S pattern we see here will not reach its target down. If that is the case, we'll turn up again, continue through my Target #2 which was already hit, and proceed onward and upward to my final Target #3 (670-700) until that is reached sometime in 2025. Therefore, you are not wrong to start DCA'ing in at this point. ✌️ Stew
AMEX:SPYLong
by stewdamus
5
SPY Approaches Key Resistance! Will the Bulls Continue? Jan. 14Technical Analysis Overview: 1-Hour Chart: * Trend: SPY remains in a descending channel but has shown a bounce from the lower trendline near $575. * Indicators: * MACD: Shows a bullish crossover, signaling potential upward momentum. * Stochastic RSI: Indicates overbought conditions, suggesting possible short-term consolidation or pullback. 30-Minute Chart: * Price Action: * SPY is testing the $583 level, just below key resistance at $584. * Volume remains moderate, supporting the recent bounce but lacking a strong breakout signal. * Pattern: Descending wedge structure, which often leads to bullish breakouts upon confirmation. Key Levels to Watch: Support Levels: * $580: Immediate support zone and HVL (highest volume level). * $575: Critical support, coinciding with PUT support and the lower boundary of the descending channel. Resistance Levels: * $584: Immediate resistance and 2nd CALL Wall. * $586: Major resistance level aligning with the 3rd CALL Wall and CALL resistance zone. * $599.7: Previous high and upper channel boundary. GEX Insights: Key Gamma Levels: * Positive Gamma Walls (Resistance): * $584: 17.44% (2nd CALL Wall). * $586: 18.47% (CALL Resistance). * Negative Gamma Levels (Support): * $580: Key PUT Wall (-6.87% GEX). * $575: Highest negative NETGEX and 3rd PUT Wall (-54.41% GEX). Options Metrics: * IVR: 29, indicating low implied volatility. * IVx: 19, well below average, suggesting muted price fluctuations. * Call/Put Bias: Puts dominate at 7.5%, leaning bearish despite the bounce. Trade Scenarios: Bullish Scenario: * Entry: Break above $584 with volume confirmation. * Target: $586-$590. * Stop-Loss: Below $580 to minimize risk. Bearish Scenario: * Entry: Rejection at $584 or $586. * Target: $580-$575. * Stop-Loss: Above $586 to limit losses. Directional Bias: * SPY's bounce from $575 suggests bullish momentum, but significant resistance at $584-$586 could cap gains. A breakout above $586 would likely lead to a retest of $590-$599. Conclusion: SPY is consolidating near critical levels, with $584-$586 as immediate resistance. A breakout could lead to further bullish momentum, while a rejection at these levels may push the price back toward $580-$575. Traders should monitor volume and price action closely for confirmation. Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
AMEX:SPY
by BullBearInsights