SPY LONG FROM SUPPORT| ✅SPY is trading in an uptrend But the price was making a Local correction, however The horizontal support of 564.00$ Is ahead and after the retest We will be expecting a Further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx112
SPY/QQQ Plan Your Trade For 10-1 : Amazing Harami PatternI wanted to create a video highlighting some of the success my SPY Cycle Patterns have had over the past few weeks and months for all of you. Many of you don't comment on my videos but follow my research intently. I see my videos getting 250 to 400+ views daily - so I know many of you are seeing my content. And that makes me happy because I'm doing this to help you become a better, more skilled trader. Yet, after the last few days of price rotation, and particularly today's big news day, I'm absolutely amazed that if the SPY closes above 750.45, we may end up with a true Harami-Inside price pattern. I want all of you to consider something for just a few minutes. My SPY Cycle Patterns are built on Fibonacci and GANN technology, which attempts to map out price patterns in a matrix. From this matrix, I can develop complex lookup engines (an inference engine) that attempt to map the current price pattern with known data from the matrix. By doing this, I can map out any construct or type of price action/pattern that happens within price—now, in the past, or in the future. And, with my complex inference engine, I can map the Fibonacci/GANN structures nearly forever into the future. For example, here are the SPY Price Patterns for the first two weeks in November 2036... 11/1/2036 Top/Resistance 11/2/2036 GAP Potential 11/3/2036 GAP-Reversal 11/4/2036 GAP/BreakAway 11/5/2036 Break-Away 11/6/2036 Carryover 11/7/2036 Inside-Breakaway 11/8/2036 Break-Away 11/9/2036 WeekendGap/WeekdayFlat 11/10/2036 GapUp-Lower 11/11/2036 GAP/BreakAway 11/12/2036 Harami-Inside 11/13/2036 CRUSH 11/14/2036 GAP Potential 11/15/2036 Top/Resistance21 What amazes me is that these patterns are predicted more than 3 to 5+ years before the actual price moves. Like today's Harami pattern, I'm amazed that my SPY Cycle patterns could attempt to accurately predict a Harami-Inside price pattern 3+ years in advance of it happening. I don't know anyone on the planet who can do this research and attempt to accurately map out future price trends/moves/setups like this. Watch this video and see why learning to use my SPY Cycle Patterns is absolutely incredible. I'm going to work on a QQQ version next. Let's go get some profits together. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long22:32by BradMatheny116
Monitoring 30m and 5m Structure for 3h PullbackThe 30m swing remains bullish, but with the recent 3h BOS I’m waiting for the 30m swing to flip bearish to facilitate the 3h pullback. On the 5m chart, the internal structure is bearish and could continue to break the 30m swing low to begin the pullback. If the internal structure flips bullish, I would target the weak 30m swing high instead.Shortby crisobsidian0
Bear or Bull? We got bothAMEX:SPY 📊 AMEX:SPY Options Range: $572 to $574.73 📜 $574 CALL 10/18 Entry: 15-30 min CLOSE ABOVE $574.73 Target: $578 📜 $574 PUT 10/18 Entry: Rejection and 15-30 min CLOSE BELOW $574.73 Target: $572, Trend support (Currently at $571) A rare occurrence of a green September. We expect extremely high volatility over the next 4-6 weeks, especially considering the election and the polarizing nature of the candidates. We could see heavy volatility within the semiconductor space. A 10-15% pullback in semiconductors would also bring down the major indices as they are a heavy component. We have seen how fragile this market is (8/5/24). Last week, our call went for 60%+. This week, let's see. by PennyBois1
SPY/QQQ Plan Your Trade For 10-1 : Harami-Inside PatternToday's video spends quite a bit of time going over the next 8+ trading days and why I expect the markets to continue to move upward - with the SPY targeting 595-605. What is important to understand is that outside new events can disrupt my SPY Cycle Patterns. So, this new move by Israel to encroach into Lebanon may present some real disruptions in price activity. But, ignoring that potential news suggests my price patterns will show price ultimately wants to melt upward. My own personal opinion is the world has already discounted The continuing conflicts between Israel and these terrorist groups. I believe the world already knows Israel will do what is necessary to prevent further rocket/other attacks from these groups. And that's that. So, I don't see it being a big distraction for the markets. In fact, I see it as the natural order of how things must play out to reach a conclusion. And I see the world's global markets moving higher as a result of these conflicts and the pending US elections. Follow my research and ... Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long24:28by BradMatheny333
$SPY October 1, 2024AMEX:SPY October 1, 2024 15 Minutes. AMEX:SPY had retraced to 568 levels being 9 EMA in daily. And gave 6-point move. For the day due to long bars 571 572 must hold today. Holding this we can expect 578-580 levels as first target. Today should be sideways top sort out the 2 longs bars. No Trade Day for meby RiderTrader141417
$SPY Tomorrow’s Trading range Oct 1st 2024AMEX:SPY Tomorrow’s Trading range Oct 1st 2024 Alright, y’all… support is at 569 and resistance is at 575, the 35EMA is underneath us and we have an implied move of .66% Awwww yeahby SPYder_QQQueen_Trading116
SPY Update TA $ Ready for tomorrow. Come to make money. Oct,1 1. Trend Analysis: SPY appears to be trading within a consolidation range, bounded by resistance at around $575.00 and support near $569.90. There’s a symmetrical triangle formation on the chart, with the price nearing the apex. This pattern suggests that a breakout or breakdown is likely in the near term. 2. Support and Resistance Levels: Support Levels: $571.47: The price is currently testing this level, which seems to be acting as support. $569.90: A strong horizontal support zone. If broken, the price could fall towards the lower support around $567.64. $567.64: Major support zone to watch for if a breakdown occurs below $570. Resistance Levels: $573.24: Immediate resistance, currently near the middle of the consolidation range. $574.22: Stronger resistance and key level to watch for a breakout. $575.00-$576.07: The upper resistance zone and key target in case of a bullish breakout. 3. Price Action: Symmetrical Triangle: Price action is squeezed within this pattern, which suggests indecision. A breakout or breakdown from the triangle will determine tomorrow’s directional bias. If the price breaks above $573.24, expect a continuation towards $574.22 and possibly $575.00. A breakout above the $575 area would signal bullish momentum. Conversely, if the price falls below $571.47 and especially $569.90, a bearish move could be confirmed, with potential targets around $567.64 and lower. 4. Entry/Exit Strategy: Bullish Entry: Consider a long position if SPY breaks above $573.24, targeting $574.22 and $575.00. Set a stop loss just below $571.47 to protect against a false breakout. Bearish Entry: A short position can be taken if SPY breaks below $569.90, with targets around $567.64 and $565.00. A stop loss can be placed just above $571.47. 5. Directional Bias: Neutral to Bearish: Given the consolidation and proximity to support, the directional bias leans slightly bearish. However, since the price is within a symmetrical triangle, the key lies in waiting for a breakout or breakdown. Watch the $571.47 and $573.24 levels closely for confirmation of the trend for tomorrow’s trading session. A break of either of these levels will likely set the direction.by BullBear-Insights3
SPY Trend BreakSPY broke below its uptrend from about two weeks ago and also briefly fell below the critical $570 area. Instant response from bulls so far. Bears need to hold this here and keep it under $570 or else it's likely we'll see a squeeze back up to ATH. First downside target is a previous low around $565.by AdvancedPlays2
Spy SHORT I beginI just took a small starter short position, but will get more short if the alert line is traversed. Control risk, this is a up trend, i am 100% taking first real signal. even if weak.Shortby alleytrader2
SPY breaks another upward trendSPY has broken two upward trends in this recent rally giving less momentum each time it breaks Ended old upward rally on Sept 23, going into new rally with reduced momentum The latest rally has now been broken again MACD very close to going into a bearish sell off RSI breaks below the 50 line We may expect SPY to trade flat for a little bit of time in the distribution phase of its rally cycle, before the bears take hold.Shortby ratchet-mint1
Megaphone - BearishSPY weekly looking interesting heading into the week. Staying hedged with the SPY holding another megaphone. The SPY is being carried by buyer volume with some hidden bearish divergence on the RSI and nearing overbought territory yet again. With so many sectors and indexes flashing red and a massive bearish cipher on the weekly timeframe as further confirmation, looking forward to playing the downside. Some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime (Accompanying Charts Attached Below) Shortby jacobosiason73
S&P sets new high but weakness is mountingLast week, the market traded within a narrow range, yet still managed to reach new highs. The bulls remain in control of both the daily and weekly timeframes, although I’m not entirely comfortable with the structure that has developed over the past five days. Most of the growth occurred during extended hours, while during regular trading hours, the market either remained in a tight range or moved downward. This structure is fragile and could easily break, though I’m not ready to call for shorts just yet. Firstly, it hasn’t broken. We're still in a bullish wave on the daily timeframe — in the past two weeks, none of the days have closed below the previous day's low. Secondly, even if the structure breaks, we should not expect significant follow-through, as the market remains very bullish. Here's a quick recap of the key points supporting the bullish thesis (you can find the rest in my previous review): 1. The Fed cut interest rates by 0.5 percentage points, which is positive for both the economy and the stock market for several reasons, such as cheaper borrowing costs. 2. The SPX has reached a new all-time high, which is highly bullish. 3. Both the weekly and daily charts show a strong uptrend. For the market to reverse, there would need to be a significant shift in sentiment, likely triggered by some fundamental event. From a technical standpoint, the uptrend remains intact as long as the bulls hold the previous major low ( 538 ). Until then, any "red" waves should be viewed as mere pullbacks within the broader upward movement. by hermes_trisme3
Revert to the 1990s trend line?To share this idea, I believe a potential market top could be a reversion to the 1990s trend line. This would encompass previous downturns like the 2000 dot-com bubble, the 2007-2008 financial crisis, the 2010 Flash Crash, and the 2020 COVID-19 pandemic crash. Wishing everyone success in trading and investing. 💪😀Longby Crinklebine0
Mastering Market Signals &How to Use the VX Algo? In this video, we'll break down how to maximize your success rate by using key indicators and strategies during the optimal trading window (9:00 AM - 2:00 PM EST). Learn how to identify high-probability buy and sell signals, manage risk effectively, and stay in the 'winning zone' like a pro. Whether you’re a beginner or an experienced trader, this guide will help you gain the edge you need to navigate the markets confidently. Don't miss out on these actionable insights!" Hashtags: #TradingStrategy #VXAlgo #StockMarket #DayTrading #AlgoTrading #MarketSignals #TradingSuccess #Investing #Finance #TradingTips #MarketAnalysis #Stocks #ESFutures #FinancialFreedom09:59by WallSt0074
SPY for TA Tomorrow 9/30. 1. Price Action Overview: Current Trend: The price appears to be in a downward movement after breaking a rising trendline. There is a consolidation phase near the lower end of today's range, which suggests indecision or a potential bounce near support. Volume Profile: The high concentration of volume is around the price levels between 570-572. This indicates that this area has been significant for both buyers and sellers and could act as a pivot zone. 2. Key Levels: Support: 570.42: Strong near-term support, highlighted by the red horizontal line. A breakdown below this level could lead to further downside pressure. 569.89: The lower end of this support zone. A break here could open the door for a test of the 560.79 level, which is another key support based on volume profile and recent lows. 560.79: This represents a significant lower support level. If the market becomes extremely bearish, this level may be tested. Resistance: 571.32: Immediate resistance, shown as a red line on the chart. The price has previously rejected this area, so a break and hold above could show bullish momentum. 574.21 - 575.01: This is a notable resistance zone (highlighted in blue). If the price manages to break through 571.32 and rally, this area could provide strong resistance, as it coincides with prior highs and a volume shelf. 575.50+: Beyond this level, SPY would likely experience some resistance due to prior highs from the 25th-26th. 3. Potential Entry/Exit Points: Bullish Scenario: Entry: A long position can be considered on a bounce from the 570-569.89 support zone. Wait for confirmation of support holding (e.g., bullish candle pattern, or volume surge). Exit: Target the 574-575 resistance area for profit-taking, but keep an eye on momentum to see if it can break further. If volume increases on the upside, you can look for targets beyond 575.50. Stop Loss: Place a stop below the 569.89 support to minimize risk if the price breaks down. Bearish Scenario: Entry: A short position can be considered if price fails to break above the 571.32 resistance level or on a breakdown below 570.42 with strong volume. Exit: First target would be 569.89, and the second target would be the key support level near 560.79. Beyond this, further downside may be possible if there’s continued selling pressure. Stop Loss: If shorting near 571.32, a stop just above this level (around 572 or 572.50) would protect against a reversal. 4. Indicators Analysis: Moving Averages: The price seems to be below key moving averages, indicating short-term bearish pressure. If it moves back above the MAs, it could indicate a bullish reversal. MACD: The MACD at the bottom suggests that bearish momentum is slowing down as the histogram is flattening. This could indicate a potential reversal if a bullish crossover occurs soon. 5. Overall Sentiment: Bearish Bias: As the price broke below the trendline and is currently below the key levels of 571.32, the short-term bias appears bearish. A further break below 570.42 and 569.89 could intensify this. Bullish Potential: If SPY holds the 570 level and shows strength tomorrow, it could attempt a rally toward the 574-575 resistance zone. Suggestion: Tomorrow, I would watch closely for price action around the 570-569.89 zone to determine if there is support holding or if further downside pressure is building. If support holds, look for a potential bounce, but if it fails, prepare for a bearish move.by BullBear-Insights3
"All-Time Highs" Finally! New Channel Unlocked ! what's next? Finally, we are at "All-Time Highs" and have unlocked a New Channel. What will happen next? Let’s just let the price follow its course. Last week, we correctly predicted the price movement by creating an "N3" and landing in the order block as support to gain upward momentum with the recent movements the price has made, we have unlocked a new upward channel in which we will be monitoring the price movement in the coming weeks (Yellow Channel). Here, we only need to focus on two things: 1. We can see that the last candle is an "Inside Candle." An inside bar can be bullish or bearish, depending on its context within price action. If it forms within a downtrend, it can be considered bearish, indicating a possible continuation. If it forms within an uptrend, it can be considered bullish, suggesting a possible continuation of the uptrend. (Look up this important candlestick pattern on Google.) In this case, the last two candles were bearish, so we might consider that the market could either drop or bounce again in our order block to continue the uptrend. This is the scenario I will be expecting if we have a bearish market on Monday. Now, if the price falls to the order block zone, notice how it will also respect the support of the yellow channel. This could mark the beginning of a bullish sequence. 2. Its Simple, the price stays within the yellow channel and follows an upward and orderly sequence. Thank you for supporting my analysis, and be very cautious when we are at all-time highs. The price can be highly unpredictable, so always make sure to mark your channels and consider institutional movements of supply and demand. Best regards.Longby RocketMike1116
$SPY September 30, 2024AMEX:SPY September 30, 2024 15 Minutes For the fall 574.21 to 570.42 572 is a good level to short. First target is 569.5 to 570 levels. AMEX:SPY seems to have lost momentum on Friday. Looks highly possible to touch 200 averages in 15 minutes. This retrace will allow AMEX:SPY to begin next move upwards as in daily also it is around 9 ema around 569 levels. So initially a retrace to 568-570 is good to consolidate. Monday no trade day for me.Shortby RiderTrader3310
SPY BEARS WILL DOMINATE THE MARKET|SHORT Hello, Friends! We are now examining the SPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 538.14 level. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals117
SPY: Bullish, Bullish, Bullish .. MaybeHey guys, Per ush, its been a hot second. To be fair, there hasn't been anything to update as we retain the bull market bias and an up bias, no point in saying up every week haha. But now that things seem .. bearish, I think its time pop in and give a brief update. Its not bearish. Projections are incredibly optimistic for next week. The caveat being that Monday is showing as particularly bearish. So probably a sell to kick off the week, but don’t expect parabolic demise. The projections on everything are incredibly bullish. That include: SPXL, SPX, SPY, QQQ, TQQQ, NDX, DJI, Bullish with no hint of bearishness from what I can see in the preliminary forecast. That kind of prospective conviction usually translates to some pretty convincing PA. My biggest concern here is that we could theoretically consolidate and continue consolidating for some time. But with kind of everything index wise leaning to a solid bullish bias on the probability algorithms, I suspect we should actually see conviction one way or another this week. Into Friday and over this weekend I was actually bearish biased for a 4% pullback. Now that the market has what it wants (50 bps cut) and all is good in the world of the market, I have noticed a decline in volatility. The PA is more similar now to 2021. And in 2021 and through most historic stable bull markets, pullbacks are about 4 to 5%, However, obviously the fact that legit every model read bullish for next week made me take a second look, and I kind of understand now why the 4% pullback is not likely to happen: Based on our recent breakout, a 4% pullback would require us to completely give up the breakout and break down from it. That would be an incredibly bearish thing, which the market isn’t going to allow, However, the bearish probability for Monday does suggest we could see a re-test of this breakout. As from where we closed on Friday, a retest is about 0.8%, If we somehow manage to gap down, it will be less. We have a very bullish reference target as well as you can see in the chart above (the yellow line). That target is 572.50. Remember, we have a very high prob target, with a miss rate of around 5%, at 585 on SPY for this 6 month period. In October, I will do my October themed post because its my favourite time of year! Haha, and I will share the end of year, 3 month (quarterly) high prob target for SPY. So in closing, SPY looking bullish for the week except on Monday. Retain bullish thesis overall but brace yourself for the chance that we continue consolidation. If you are intending to swing SPY long going into next week, my suggestion is ETF. If you want to use options, go further out and try to go as ITM as possible, because if we do enter a period of continued consolidation, its going to destroy OTM, cheap options. The market has not been option friendly lately, especially with the VIX not falling and maintaining an elevated level, So you have to be sure to take this consideration seriously, otherwise you can be right and we go up but you still lose money. On the topic of that 585 high prob target, the range cap on the week is … 585 haha. That’s it guys, safe trades! Longby Steversteves161635
SpyLook for a pullback here to 560-562 next week minimum.. too many red flags showing right now. The biggest is flag is NYA which represents the broader market then just the S&P 500 Closed at the top of a wedge with a reversal candle .. I expect a pullback to support thena final bounce higher around mid October I expect a wedge flush and bigger correction.. So this pullback to support should align with Spy move down to 560 Dow jones grinding in a broadening wedge.. finished with a reversal candle also friday.. look for a move down to 41,000 next week It's been a long time since I've seen so many sectors and indexes flashing red. One of the most reliable tools prefer to use is the price range; this tool measures the distance between the stock or indexes candle from its 20sma moving average. Here's an example.. notice how when Spy gets 3% extended from its 20 the last few times it pullback there.. also daily moneyflow has went too overbought. I'll go over QQQ and tech sectors tomorrow.. Overall we are just talking about a pullback before a final leg higher before mid October Shortby ContraryTrader4439
BEARISH SPY H&S On the 1 min chart there is a gap from 9/27/24 at the 572.99 level show at 11:48am. If you zoom out on a weekly it looks like a head and shoulders pattern is forming. Ideally I would like to wait for the gap fill to happen next week and enter into SPY 573 PUTS 3 weeks out. Oct tends to be a bearish month. LEts see how this works out. Shortby apagliara3
The S&P rally continues, defying all fears of a recessionLast week was marked by erratic price movements, leading many to recall the old adage, "no trade might be your best trade." The most confusing (and devastating) price action occurred on Thursday following the FOMC's interest rate decision. The Fed cut rates by 0.5 percentage points, sparking fears of an upcoming recession. Wednesday ended with a strong bearish "falling star" candle, tempting traders to take large SHORT positions. To be honest, I would have likely done the same if I had been trading that day (luckily, I wasn’t), as the least one would have expected was an overnight rally that wiped out short positions when the market opened on Thursday. This series of events is a perfect example of what makes trading so challenging— even a solid setup can fail spectacularly without any clear reason. Now, let's try to assess the current situation : 1. The Fed cut rates by 0.5 percentage points – This is actually positive for the economy and the stock market for many reasons (e.g. cheaper borrowing costs). At the same time there are no objective signs of a recession, only fears. 2. The SPX reached a new all-time high – How can this be bearish? 3. Both weekly and daily charts show a strong uptrend. 4. Almost all major SPX sectors closed the week strong, reflecting investor confidence. In summary, the market remains very bullish , with no indication that the trend is reversing anytime soon. Short term price action might be erratic, but long-term things look good both from technical and fundamental perspectives. Let’s stay calm and prudent. Important levels: Last major weekly high (538). As long as it holds buyers have control over weekly chart. Longby hermes_trismeUpdated 1