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S27 trade ideas

SPY: More Selling Going Into New YearSPY RSI on the monthly chart is showing an acceleration of selling going into the next few weeks, the 1.618 fib extension from today's high shows a perfect placement to the support created on Nov. 1 2024, and the EW count is showing today's high as the end of wave 2 retracement wave. Wave 3 will be the highest volume wave and will bring SPY down to 568 at the end of wave 3 or wave 5. Expecting Wave 3 to end at 568 and Wave 3 to bring SPY down to 565 over the next 2-4 weeks.
AMEX:SPYShort
by FiboTrader1
1
Technical Analysis Summary: SPY 2hr price actionUSING THE 2 HOUR TIMEFRAME AND FVG. THIS IS MY THOUGHT ON SPY Current Price: $595.01 (as of the last market close on December 27, 2024) Recent Price Movement: The stock closed unchanged at $595.01, with a high of $597.7761 and a low of $590.7647. Technical Indicators: Oscillators : Predominantly indicate a 'Hold' signal, with the Stochastic Oscillator at 65.39 suggesting a potential overbought condition. [ b]Average Directional Index (ADX) : At 25.95, indicating a weak trend. Moving Averages: Present a mixed outlook with short-term averages signaling 'Sell', while longer-term averages suggest 'Buy'. Chart Pattern: A triangle pattern is present, suggesting a potential bullish breakout towards resistance at $599.89. News Sentiment Predominantly Negative: Recent news sentiment is negative, which could exert downward pressure on SPY, potentially hindering bullish momentum. Trade Idea Entry Signal: Consider entering at $594.52. Exit Signal: AMEX:SPY Target an exit at $599.89, aligning with the potential bullish breakout indicated by the triangle pattern. Conclusion SPDR S&P 500 ETF (SPY) presents a mixed technical picture with a potential bullish breakout if the triangle pattern resolves positively. However, the negative news sentiment could pose a risk to this outlook. This trade idea is suitable for those looking to capitalize on short-term movements, but caution is advised due to the overall uncertainty.
AMEX:SPYLong
by CapitalGainz33
The markets is testing levels.Current market performance looks like December 2022 where the market had volatility in the last days of the year, the market tested twice the September & November 2022 lows and built a base with decent volume before the summer of 2023 rally which had a winter level testing from September to early October 2023, and continued to rally from November 2023 to April 2024 where there was a level testing before another summer rally from late March 2024 to early July 2024 where the market tested again levels until late August when the market rallied until mid December of this year (2024). I think that current level testing is done (because the stochastic bounced off oversold levels), but key levels to watch in AMEX:SPY until it ends are:  Green (buy level): 570.5  Yellow (straddles level): 590.5 Red (sell level): 630.5 That's all.
AMEX:SPY
by Quantuan_Research
SPY Eyeing a Breakout! Scalping, Swing & Options StrategiesMarket Structure: * SPY is trending within an ascending wedge pattern, holding above key EMAs (9 and 21), suggesting bullish momentum with caution near resistance levels. * Current price at $600 indicates a consolidation phase near critical Gamma resistance levels, with the potential for a breakout or pullback. Key Levels to Watch: * Support Zones: * $598: Immediate support, aligned with the Gamma 2nd PUT wall. * $597: Strong support from the Gamma 3rd PUT wall and wedge base. * Resistance Zones: * $602: Critical resistance; breaking above signals bullish continuation. * $604: Next resistance target near Gamma levels and technical confluence. Indicator Insights: * MACD: Flat but in bullish territory; watch for crossover to confirm momentum. * Volume: Declining during consolidation; expect a spike for a breakout or breakdown. * Options Oscillator: IVR (2.6) indicates low implied volatility, favoring directional plays near GEX levels. Scalping Strategy: 1. Bullish Setup: * Enter on a break above $602 with high volume. * Targets: $604 and $606. * Stop Loss: Below $601. 2. Bearish Setup: * Enter on a breakdown below $598 with bearish momentum. * Targets: $597 and $595. * Stop Loss: Above $599. 3. Tools to Use: * Use RSI and VWAP for intraday momentum confirmation. * React quickly to price action at Gamma-determined levels ($598, $602). Swing Trading Strategy: 1. Bullish Scenario: * Enter on a daily close above $602 with volume confirmation. * Targets: $604 and $606 for a short-term swing. * Stop Loss: Below $600. 2. Bearish Scenario: * Enter if SPY closes below $598 and sustains bearish momentum. * Targets: $595 and $590. * Stop Loss: Above $599. 3. Indicators to Monitor: * EMA (9/21) for momentum confirmation. * Volume spikes to confirm direction near key levels. Options Strategy Based on GEX: 1. Bullish Options Play: * Buy a Call Option with a $600 strike expiring in 1-2 weeks. * Target: Exit near $604 or $606. * Stop Loss: Close the trade if SPY falls below $598. 2. Bearish Options Play: * Buy a Put Option with a $598 strike expiring in 1-2 weeks. * Target: Exit near $597 or $595. * Stop Loss: Close the trade if SPY rises above $599. 3. Neutral Strategy: * Sell a Put Credit Spread at $598/$596, profiting from SPY staying above $598. * Maximum profit achieved if SPY remains above $598 by expiration. 4. Advanced Gamma Strategy: * If SPY holds above $602, consider selling a Call Spread at $604/$606 to collect premium while capping risk. Actionable Plan for SPY: * Scalpers should focus on intraday moves between $598 and $602, with quick reactions to price action. * Swing traders can capitalize on breakouts above $602 or breakdowns below $598 with clear targets and stops. * Options traders should leverage low IV and GEX levels for directional or neutral premium-selling strategies. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.
AMEX:SPY
by BullBearInsights
Blast offLook, Spy is bullish and that makes bears really mad. They have to resort to Elliot Wave Theory, "Hidden" bearish divergence (its so hidden, its plastered all over the internet) and calling it a scam. NEWSFLASH It is a scam. Why fight it? Anyone who hopped on calls Last friday has made their next 3 years of profits inside of a shortened holiday week. What did you do? Listen to your furus with weird a$$ nicknames on here tell you that it has to go down because they drove thru a random neighborhood in Cali and saw less xmas lights than last year (that is an actual post/reason in the ideas section on SPY). You want to keep throwing your money at worthless put options be my guest. Every dip has been bought because everyone crams through the door on a $1 pullback, and becomes rocket fuel. Time to blast off.
AMEX:SPYLong
by pricej3
SPY/QQQ Plan Your Trade for 12-26-24 : Inside Breakaway PatternThis, being the day After Christmas, could be a very volatile trading day. I suggest traders sit back and let the morning volatility settle before attempting to make any big trades. I believe the markets will seek direction after Christmas and look to attempt to move into a Reversion phase (likely trending upward into the end of 2024). Overall, I believe the Anomaly event has completed - yet there is still risk for the markets to move lower before the end of Feb 2025. Follow my research and pay attention to how large the recent Daily price bars are compared to previous ranges. The current market volatility is MASSIVE. There is no reason skilled traders are not able to profit from some of these big price swings. Gold and Silver enter a CRUSH pattern. This could be a huge price move for Gold & Silver today. Bitcoin is sliding into the Consolidation Phase of an EPP pattern. This could result in another breakdown towards $72k if the EPP pattern plays out. Buckle up. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY Technical Analysis for Tomorrow - Dec. 231. Key Levels * Resistance Levels: * $594.00: Immediate resistance level based on recent price action. * $600.00: Psychological resistance and critical test zone. * $608.50: Longer-term resistance from prior highs. * Support Levels: * $588.00: Current consolidation support zone. * $582.30: Intermediate support level based on prior rejections. * $577.74: Major structural low and critical support from the recent bounce. Observations and Price Action 1. Trend: * SPY bounced strongly from $577.74, creating a higher low, indicating short-term bullish momentum. * Price is consolidating under $594.00, which could act as a key pivot point for the next move. 2. Stochastic RSI: * The Stochastic RSI is entering overbought territory, suggesting potential slowing momentum or a pullback before another leg up. 3. Volume: * The recent move off $577.74 was accompanied by rising volume, signaling buying interest at key support. My Thoughts on SPY’s Direction * Bullish Bias: SPY is likely to retest $594.00 and potentially break higher toward $600.00 if buying momentum continues. * Bearish Risks: If $594.00 holds as resistance, a pullback to $588.00 or even $582.30 could occur. I lean slightly bullish, but a breakout above $594.00 is essential for further upside. Watch for rejection signals if SPY struggles to clear this level. Trade Scenarios Bullish Scenario: * Entry: On a breakout above $594.00 with strong volume. * Targets: * Short-Term: $600.00. * Extended: $608.50. * Stop-Loss: Below $592.00 to minimize risk. Bearish Scenario: * Entry: On rejection at $594.00 or breakdown below $588.00. * Targets: * Short-Term: $582.30. * Extended: $577.74. * Stop-Loss: Above $595.00 for rejection trades or $589.50 for breakdown trades. Key Focus Areas * $594.00 Resistance: Watch for a breakout or rejection. * Volume Confirmation: Ensure volume aligns with the direction of the move. * Momentum Shift: Monitor the Stochastic RSI for signs of a reversal or continuation. Conclusion SPY is consolidating near a critical resistance level at $594.00. A breakout would open the door to $600.00, while rejection could lead to a pullback toward $588.00 or lower. The direction tomorrow will largely depend on how SPY reacts to the $594.00 level. ----------- Option Trading Scalping and Long/Short Strategy for SPY ------------ 1. Scalping Strategy for Options Key Observations from GEX Levels and Chart * Resistance Levels: * $593.00: Strong resistance, aligns with the 3rd Call Wall (53.16% GEX). * $598.00: Another key resistance from the 2nd Call Wall. * $600.00: Psychological resistance and CALL Resistance level (93.35%). * Support Levels: * $587.00: High Volume Level (HVL) and critical support zone. * $583.74: Highest negative gamma exposure (Put Support). * $577.74: Recent swing low and major structural support. * Options Oscillator Insight: * IV Rank is moderate (27.6%), indicating stable implied volatility. * Puts outweigh Calls (48.3%), showing slight bearish sentiment. Scalping Call Options (Bullish Setup): * Entry: If SPY breaks above $593.00 with volume confirmation. * Target: $598.00 (short-term target) and $600.00 (extended target). * Stop-Loss: Below $592.00 to manage risk. Why It Works:
The breakout above $593.00 aligns with gamma-driven resistance at $598.00 and $600.00, signaling momentum to the upside. Scalping Put Options (Bearish Setup): * Entry: On rejection at $593.00 or breakdown below $587.00. * Target: $583.74 (short-term target) and $577.74 (extended target). * Stop-Loss: Above $593.50 for rejections or $588.00 for breakdown trades. Why It Works:
Failure to hold $587.00 would push SPY toward negative gamma zones, with increased bearish pressure targeting the next support levels. 2. Long/Short Strategy Long Strategy (Bullish Case): * Entry: Above $593.00 with sustained price action and volume. * Targets: * Short-Term: $598.00. * Extended: $600.00. * Stop-Loss: Below $591.00 to minimize downside risk. Why It Works:
Breaking $593.00 indicates bullish momentum with gamma resistance weakening as the price moves higher. Short Strategy (Bearish Case): * Entry: On rejection at $593.00 or a confirmed breakdown below $587.00. * Targets: * Short-Term: $583.74. * Extended: $577.74. * Stop-Loss: Above $594.00 for rejection trades, or $588.50 for breakdown trades. Why It Works:
A failed breakout or breakdown aligns with bearish sentiment from the options flow, targeting downside gamma zones. 3. Additional Notes * Volume Confirmation: * Monitor volume spikes near $593.00 for breakouts or rejections. * Timeframe: * Use the 1-minute or 5-minute chart for scalping. * Strike Selection: * Focus on at-the-money (ATM) options with 7–14 DTE for scalping. Conclusion * Bullish Scenario: Breakout above $593.00 targets $598.00 and $600.00. * Bearish Scenario: Rejection at $593.00 or breakdown below $587.00 targets $583.74 and $577.74. Keep a close eye on price action, volume, and gamma levels to guide your entries and exits effectively. 🚀 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please trade responsibly and manage your risk accordingly.
AMEX:SPY
by BullBearInsights
2
$SPY December 26, 2024AMEX:SPY December 26, 2024 15 Minutes. I had expected 200 averages in 15 minutes to be resisted. It broke and held on to that for more than 2 hours on the 24th of December. For the rise 592.25 to 601.34 it is important to hold 597 levels for uptrend to continue. It is also 21 averages in 15 minutes. For the larger rise 580.91 to 601.34 holding 593-594 is crucial to hold. Above 603 I expect a 3 to 5 $ move which was resisted earlier before the fall. At the moment I will sell only below 588 for good 10$ move. 575-578 is a crucial number to hold on downside. In daily uptrend is intact.
AMEX:SPYLong
by RiderTrader
3
Spy to 612There’s really not much left to say. Spy will finish retracing the feds rate decision and blast off to new highs. Big names are either regaining their ground ( NASDAQ:TSLA , NASDAQ:MSFT ) or leading the way ( NASDAQ:AAPL , NASDAQ:NVDA ). Anyone looking to get short or calling for a dump are people who were calling for 550 and are now 50 points underwater🫡 I wouldn’t listen to someone who looks at this chart and says “it has to go down”. Only people left calling for it to go down are those Elliot Wave people and they change their thesis every 15 min candle 😂 NEW ATH!!!!!
AMEX:SPYLong
by pricej3
4
2024 Santa Rally and More - Up/Down/SidewaysIt's that time of year again. The final trading weeks of 2024 and the technical "Santa Rally" (trading through Christmas and New Year's) is upon us. Unfortunately the FED put a bit of a cap on the extremely optimistic and borderline euphoria that was bubbling over going into the FOMC Rate Decision. 100 bps of cuts, yet the US10Y (10 year yield) has virtually moved in the exact opposite direction. Inflation is now a concern and this is a big reason for the FED's "hawkish cut" in December. The market will have to figure out how 1-2 cuts in 2025 looks compared to 4-6 cuts that was anticipated. I don't think the 1 day FED move is enough of a correction to justify loading up on longs, so I'm looking for 200 EMA tests and better prices all around. If I don't get them, I suppose I'll just wait longer :) Happy Holidays to everyone Thanks for watching!!!
AMEX:SPY
by ChrisPulver
SPY Options - Bull & Bear Christmas EditionAMEX:SPY AMEX:SPY Trend continuation is still bullish long-term. We are using this bottom white trendline as a key pivot for these options and the larger move up or down. With these trades, we use 15-30 minutes candle CLOSES above or below support for confirmation $610 CALL 1/6 Entry: Add at support tests off trendline Targets: $600, $604.25, $607, All-time highs $575 PUT 1/6 Entry: Rejection under $595 AND trendline Targets: $583.56, $580.89, $575, $567
AMEX:SPY
by PennyBois
Buy Back Exhaustion \ Fed Pause \ Confidence \ Beat of the drum Consumer confidence is putting up fresh data points to suggest that we will fall below 100. Took a drive around the wealthy parts of town on Christmas night and noticed a severe lack of lighting where in previous years these neighborhoods would be lit up like the sun. Fed has flagged that if interest rates continue to rise than a pause or maybe even a raise in rates is coming. Don't be fooled as company's artificially inflate prices. They will soon run out of buyback funds and what looks like a new punch through to another ATH is just a massive rug pull before we see what first looks like a correction and then a serious crash. I will not be surprised if we see 520's by end of Q1 and 570 by the end of January. I am currently short and looking to add after this next double top coming tomorrow. If I am wrong and we continue past 602 then I will wait for a new entry soon after with confirmation. Puts to 570 at 3 months out should pay nicely if these things add up. If I am wrong I will play the upside and abandoned my speculation until I see another major down ward move. Stay open minded and play what you see. If you dont see what I see... dont get mad. Its just speculation. Go to tik tok to yell your bias.
AMEX:SPYShort
by Painfully_Average
3