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S27 trade ideas

SpyADP and Minutes out tomorrow... I'm thinking a pop if ADP comes in good followed by a mid day flush with a hawk minutes H&S maybe but I've connected some supporting trends If 576-580 holds then This H&S will turn into a Wedge triangle Zoom in at the last 2 day price action Small broadening wedge is forming here in white. If we pop tomorrow I'm looking at 592 resistance and over that 593.50 50sma 594 (21ema). So I'm looking for a bounce between 592-594 before a reject If we gap down then this broadening wedge is negated And this H&S shoulder plays out to 580 Weekly chart with 21ema.. Weekly 21ema is a 580 Wedge trendline is at 580 Price action support is at 580 U have to be very nimble bear here They will fight hard to keep the weekly 21ema.. they may dip to 576 to close gap then push back above and leave you trapped.. If price closes the week below 576-580.. then 566 is next up. I will update into the weekend...
AMEX:SPYShort
by ContraryTrader
9
Spy Technical Analysis - Jan. 81-Hour Chart Analysis (Trading Perspective): * Trendline Resistance and Support: The downtrend is intact with visible resistance at key levels such as $594 and $596. The price is hovering close to the critical support at $589. * Volume and Momentum: Declining volume on bounces indicates weaker buying interest. MACD shows a bearish crossover, signaling negative momentum. Stochastic RSI shows oversold conditions, suggesting a potential short-term bounce but remains within the downtrend. * Immediate Levels to Watch: * Resistance: $594, $596 * Support: $589, $585 * Trading Strategy: * If SPY breaks above $594, it may test $596. * A break below $589 can open further downside toward $585. Gamma Exposure (GEX) Insights (Options Perspective): * Call Walls: Major call resistance is at $596, acting as a psychological and technical barrier. * Put Walls: Strong put support lies at $585, signaling hedging activity from market participants. * Gamma Flip Zone: Neutral zone remains around $589-$590 where market makers might shift their positioning based on the directional bias. * Market Sentiment: The net GEX indicates bearish sentiment with -72.7%, reflecting dominance of put contracts over calls. * Options Strategy: * For a bearish bias, consider puts below $589 with a target near $585. * For bullish reversals, calls can be played above $594 targeting $596. Conclusion: SPY remains in a short-term bearish trend within a broader consolidation. Watch for decisive breaks of $594 or $589 to determine the next directional move. The current GEX data reinforces bearish pressure, but oversold technical indicators suggest caution for shorts near support levels. Maintain a tight stop-loss and adjust strategies based on volume and price action confirmation.
AMEX:SPY
by BullBearInsights
4
SPY: Week of Jan 6thHey everyone, As promised, getting back into the grove of posting analyses. I was going to cover other tickers but I ran a little long. People have told me that they have learned a lot from me so I wanted to take time to explain how to identify things clearly. I generally don't feel like I give helpful educational information in my ideas but I will make a point of doing it in the future. If you are interested in Bulkowski stuff and his software, just google Thomas Bulkowski online and you will find lots of information! He provides a lot of free educational content online. You can also find some educational ideas on tradingview that go over Bulkowski patterns, here are some I have found: This one is a really good video on testing patterns using an indicator. This is using the same textbook I trained my own Bulkowski model with: Anyway, this is my analysis/forecast. Hope you enjoy! Leave your questions below! Safe trades!
AMEX:SPY
by Steversteves
35
The Market Looks Bullish at firstSPY Price Projection and Option Strategy Current Market Overview Current Pre-Market Price: US$596.39 Last Close Price: US$595.36 Technical Analysis: The technical indicators for SPY suggest a cautiously bullish outlook. The breakout from the Falling Wedge pattern indicates a potential upward movement towards the resistance level at US$594.22. Oscillators show a bullish sentiment, while moving averages present mixed signals with short-term averages indicating a sell and longer-term averages showing some bullish potential. Option Expiry Dates for This Week 07-Jan-2025 08-Jan-2025 09-Jan-2025 10-Jan-2025 Option Chain Metrics Put-Call Ratio: 0.56 (for 28-Feb-2025 expiry) Max Pain: US$525.00 Highest Call Open Interest (OI) Strike: US$635.00 Highest Put Open Interest (OI) Strike: US$480.00 Recommended Option Strategy for a 50% Gain Given the cautiously bullish outlook and the current market structure, here are some single-leg option contracts expiring this week that could potentially yield a 50% gain: Long Call Option Stock Symbol: SPY Signal: Bullish Option Strategy: Long Call Strike Price: US$600.00 Expiry Date: 07-Jan-2025 Current Price: US$596.39 Buy/Sell: Buy Call/Put: Call Premium: US$0.28 Stop loss: US$0.25 Take profit: US$0.42 (50% gain target) Implied Volatility: 13% Rationale: The option is out-of-the-money (OTM) with a bullish signal, aligning with the cautiously bullish market outlook. Long Call Option Stock Symbol: SPY Signal: Bullish Option Strategy: Long Call Strike Price: US$602.00 Expiry Date: 10-Jan-2025 Current Price: US$596.39 Buy/Sell: Buy Call/Put: Call Premium: US$1.00 Stop loss: US$0.90 Take profit: US$1.50 (50% gain target) Implied Volatility: 13% Rationale: This option is also OTM with a bullish signal, and the premium is positioned for a potential 50% gain if the market moves favorably.
AMEX:SPYShort
by CapitalGainz33
SPY/QQQ Plan Your Trade For 1-7-25 : Counter Trend BreakawayToday's pattern suggests the markets will move upward (counter-trend) in an attempt to move into the RALLY, RALLY, RALLY phase closing out this week's price action. I suggest traders prepare for what may become a fairly explosive upward trend over the next few days - but stay fairly cautious as unexpected news may derail price trends a bit. We are still moving into the early 2025 liquidity flood - where traders who pulled capital away from risks in late 2024 are starting to move back into the markets. We are also moving into Q4:2024 earnings data (in about a week or so). So there are still lots of opportunities for big trends. I'm watching to see if the markets attempt to move to new All-Time Highs again - which I believe is a highly probable outcome. If my research is correct, we are going to move into that RALLY, RALLY, RALLY phase very cleanly today and tomorrow. Gold and Silver are moving higher again - which is great to see. Today is a RALLY day on my Gold Cycle Patterns. Could be a great opportunity for skilled traders in Metals this week. Bitcoin has reached that DUAL FLAGGING zone. In other words, stay cautious at this point. Volatility will likely increase for Bitcoin and I believe the most likely outcome will be to attempt to move back downward after reaching this dual flagging zone. We'll see what happens next. Remember, we are just starting 2025, so you have lots of time to try to identify opportunities throughout the year. Your goal as a trader is to find the best opportunities to BOOK PROFITS. The more you are able to BOOK PROFITS, the more likely you are to GROW YOUR ACCOUNT. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYLong
by BradMatheny
SPY Trade Idea: Analyzing the 20-Hour MA atChart Setup: Timeframe: Hourly (1H) Indicator: 20-Hour Simple Moving Average (SMA) Volume Support/Resistance Levels Analysis at Yesterday’s Close: Price vs. 20-Hour SMA: SPY closed near the 20-Hour SMA, suggesting a critical juncture for short-term trend direction. A close at or near the 20HR MA often signals potential consolidation or a pivotal reversal. Market Context: Yesterday's session showed . Volume near the close indicates conviction from market participants. Key Observations: If the price stays above the 20HR SMA, bulls may aim to retest the nearest resistance zone at . If it drops below, bears could push toward the next support zone at . Trade Plan: Scenario 1: Bullish Breakout Trigger: If SPY opens above yesterday’s close and sustains above the 20HR SMA. Entry: Wait for a 5-minute candle close above . Targets: Target 1: Target 2: Stop Loss: Below the 20HR SMA or the last swing low. Scenario 2: Bearish Breakdown Trigger: If SPY opens below the 20HR SMA or rejects the level during the session. Entry: Enter on a confirmed rejection or break below . Targets: Target 1: Target 2: Stop Loss: Above the 20HR SMA or the last swing high. Risk Management: Position size based on risk tolerance (e.g., 1-2% per trade). Monitor price action closely around the 20HR SMA for confirmation before committing to a trade. Conclusion: The 20HR MA serves as a dynamic pivot level for short-term SPY trading opportunities. A strong move away from yesterday’s close could set the tone for today’s trading session. Stay disciplined and adapt to evolving market conditions.
AMEX:SPYShort
by CapitalGainz33
SPY Hovering Near Resistance! Will the Rally Continue-Jan. 7, 24 30-Minute Timeframe Analysis * Trend Overview: SPY is trading near $599.68, consolidating after a strong upward move. The price has maintained a rising trendline, signaling bullish momentum. However, the potential for a market gap up or down at the open could disrupt the current setup. Traders must remain flexible and adjust their strategies based on updated price action. * Key Levels: * Support: $592.76 and $580.53 are critical levels to hold if the price retraces, especially in the case of a gap down. * Resistance: $599.68 and $600.93 are immediate zones for a breakout, particularly if the market gaps up. * Indicators: * MACD: Bullish but beginning to flatten, indicating possible consolidation unless a gap up renews momentum. * Volume: Recent volume supports the upward move, but continuation requires a surge to confirm strength. 1-Hour GEX (Gamma Exposure) Insights * Key Gamma Levels: * Positive GEX: $599 and $600 are key call resistance levels, with $599 being the highest positive gamma wall. A gap up could test these levels quickly. * Negative GEX: $591 and $589 are key put support areas, offering protection in case of a gap down. * Options Metrics: * IVR: Low at 16.1, reflecting reduced volatility but potential for sudden moves. * Calls vs. Puts: Bearish skew with puts at 45.8%, signaling cautious sentiment. * Actionable Gamma Zones: * Bullish Scenario: A sustained break above $599.68 or a gap up could drive the price toward $600.93 or higher. * Bearish Scenario: A gap down below $592.76 may activate put support and lead to further downside toward $580. Trade Scenarios * Bullish Setup: * Entry: Break and hold above $599.68, or after a gap up that sustains above $600. * Target: $600.93 and $603.00. * Stop-Loss: Below $597.00. * Bearish Setup: * Entry: Breakdown below $592.76, or after a gap down that fails to reclaim $593. * Target: $589.00 and $580.53. * Stop-Loss: Above $594.00. Important Note for Traders * Market gaps at the open can significantly change the trading outlook. Reassess support and resistance levels during pre-market activity and adapt your strategy accordingly. * If you need technical analysis for SPY or any other ticker, feel free to reach out for detailed insights tailored to your needs. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your research and trade responsibly.
AMEX:SPY
by BullBearInsights
SPY Testing Key Resistance! Will Bulls Maintain Control? 30-Minute Timeframe Analysis * Trend Overview: SPY has been trading in an uptrend, approaching resistance near $459.50 after a strong recovery. The price is consolidating at this level, signaling indecision among buyers and sellers. The market's potential gap up or down at the open could significantly alter this setup, requiring traders to reassess their plans and adjust accordingly. * Key Levels: * Support: $454.00 and $448.50 are key areas to watch for a pullback, especially in the case of a gap down. * Resistance: $459.50 and $462.00 are immediate levels for a breakout if bullish momentum continues or if the market gaps up. * Indicators: * MACD: Bullish but flattening, indicating potential consolidation unless a gap up ignites further momentum. * Volume: Recent volume suggests interest in the upward move, but sustained volume is required to confirm a breakout. 1-Hour GEX (Gamma Exposure) Insights * Key Gamma Levels: * Positive GEX: $459 and $462 are strong call resistance levels, with $459 as the highest gamma wall. A gap up could quickly test these zones. * Negative GEX: $454 and $450 are critical put support levels, offering protection in case of a gap down. * Options Metrics: * IVR: Moderate at 25, reflecting a stable environment with potential for directional moves. * Calls vs. Puts: Slightly bullish bias, signaling optimism among market participants. * Actionable Gamma Zones: * Bullish Scenario: A sustained move above $459.50 or a gap up could drive a rally toward $462.00 or higher. * Bearish Scenario: A gap down below $454.00 may activate put support and lead to further downside toward $450. Trade Scenarios * Bullish Setup: * Entry: Break and hold above $459.50, or after a gap up that sustains above $460. * Target: $462.00 and $465.00. * Stop-Loss: Below $457.00. * Bearish Setup: * Entry: Breakdown below $454.00, or after a gap down that fails to reclaim $455. * Target: $450.00 and $448.50. * Stop-Loss: Above $456.00. Important Note for Traders * Market gaps at the open can shift the outlook significantly. Reassess support and resistance levels during the pre-market session and adjust your strategy to align with the updated conditions. * If you need technical analysis for SPY or any other ticker, feel free to reach out for detailed insights tailored to your needs. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your research and trade responsibly.
AMEX:SPY
by BullBearInsights
SPY/QQQ Plan Your Trade For 1-6-25 : Inside BreakawayToday's pre-market RIPPER RALLY somewhat invalidates the "Inside" part of any Inside Breakaway pattern. But, this rally mode in price validates what I've been suggesting for more than 3 weeks now - that the markets would settle after the new year and start to move into a rally phase before the Presidential Inauguration event. Today's rally in metals and the SPY/QQQ suggests traders are eager to see the Q4:2024 results and are starting to PILE INTO the US equities markets after a very volatile end to 2024. Even though 2024 was a banner year for the SPY (up over 20% YoY), December was very difficult for many traders. Aren't you glad you listened to my advice and moved to 80-85% CASH back on October 25 and avoided all this chaos? As we start this week, I want to warn you that trades will be fairly quick in terms of "making up for lost ground". I believe quite a bit of the market's movement will take place overnight and pre-market. We'll still see some trending throughout the US regular trading session - but I believe the bigger moves will take place after hours in most cases. Remember, foreign capital will be pouring into US assets for safety and security over the next 3-6+ months. Gold and Silver will act as a hedge against perceived risks and I believe Gold will make a rally attempt above $2800 in early 2025. Silver.. Well, Silver is about to see an explosive move to levels above $35 in my opinion. Bitcoin is still struggling to break away from this sideways price range. I believe the real struggle will materialize in about 24 to 48 hours as Bitcoin reaches an overlapping consolidation phase (almost like a Flag Apex). This is where I believe big volatility will hit for Bitcoin. Get some.. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYLong
by BradMatheny
5
Long SPY: Key Levels Indicate a Bullish Breakout Next Week- Key Insights: The S&P 500 ETF (SPY) has demonstrated strong bullish momentum, rising by approximately 1.25% last week. Analysts see potential for SPY to surpass the critical $600 level, which, if breached, could trigger increased buying activity. Monitoring resistance and support levels is crucial for assessing potential price action in the upcoming week. - Price Targets: - Next week targets: - Target Price 1 (T1): $596 (initial short-term target based on bullish momentum) - Target Price 2 (T2): $598 (anticipating further price advancement) - Stop levels: - Support Level 1 (S1): $590 (current support indicating strength) - Support Level 2 (S2): $580 (strong support level in case of pullbacks) - Recent Performance: SPY's recent activity has showcased notable strength, consistently closing above key support levels with bullish indicators pointing towards continued upward momentum. The ETF is currently trading at $591.95, just shy of the critical resistance ceiling. - Expert Analysis: The sentiment among market analysts remains positive, with expectations that both SPY and the Nasdaq (QQQ) will reach new all-time highs. This overall bullish outlook is bolstered by strong investor demand and favorable macroeconomic indicators. Careful monitoring of resistance levels is essential as they may determine the immediate market trajectory. - News Impact: While specific news items were not highlighted, the general sentiment aligns with broader economic trends suggesting continued bullish strength. Key economic data releases and earnings reports from major companies within the S&P 500 will be pivotal in shaping SPY's performance. Additionally, heightened gamma exposure around the $600 strike indicates potential for increased volatility, which could lead to significant market fluctuation.
AMEX:SPYLong
by CrowdWisdomTrading
2
1/6 Weekly Watchlist + NotesIndexes - SPY had a really interesting start to the year this past week. For starters, we went 2-1-2d and hit magnitude on Thursday before seeing price retrace back through all of the weeks previous range before making new weekly highs, and closing green. We now have 1-2-2U potential on all indexes, as well as a LOT of names off my scanner. Its also worth noting that we poked through previous month lows on all indexes before seeing a reversal back into previous range. This now opens up the potential for outside months on all indexes (AKA engulfing bars) which will be evidenced by our weekly setups triggering the 1-2D-2U and targeting the previous month's midpoint on all indexes to trigger the SSS50% rule (Which essentially says when you break one side of previous range and then retrace more than 50% of the previous candles range, you are now closer to taking out that other side than you are to reclaiming the side that was already taken out. It doesn't necessarily mean price is more likely to go to the other side, but it does mean that there is less room to the other side than their is to the one side broken, which means it is fundamentally less difficult to achieve since it would require less effort from one group (in this case buyers) to reclaim one side vs the effort it would take the other group (Sellers) to reclaim the level broken already. This week it is evident we have all the setups and evidence needed to start heading back towards ATH on the indexes, but it will depend on whether we can actually take out previous week highs, and then remain above them. Simply put, if price is above previous week highs, we are seeing an attempt to reclaim the previous weekly highs all the way up to ATH. If we break above previous highs and fail to stay above, then we are seeing a failed attempt from buyers, and we can look to target previous week lows. If inside week, we just rely on what is happening each day to see where daily participants are attempting to take price. If price is stuck inside previous week range, trade something that isn't. The watchlist for the week will include the best bullish setups, and also looking for relative weakness in what is currently a strong market (as evidenced by the majority of stocks on all indexes being green on the previous day and week). Bullish: NYSE:LUV - Big hammer daily that took out a lot of daily pivots below on friday. Hammer week as well, but having mother bar issues on the week as well as M being inside despite large drawdown Friday. Sort of expecting a big move or big fail this week. NASDAQ:AMD - Revstrat hammer week at M/Q Exhaustion level NASDAQ:SMCI - 2-2U weekly to counter M going 2D. Daily BF looking to expand. (played this 2 weeks ago for downside, now we have evidence to go long back through range) NYSE:NET - 3-2U W to target ATH NASDAQ:MSFT - 2-1-2U D to trigger W hammer 2-2 to negate monthly 2-2 rev. Daily PMG as well Bearish: NYSE:KO - 3-1-2d shooter D, 2-1-2 W, 2-1-2 M. 3 Actionable signals that could all trigger and hit targets easily this week, if not all on Monday alone NYSE:DG Revstrat shooter W to trigger monthly 2-2D. Nice weekly Broadening Formation NASDAQ:DLTR - Failed 2U Week that triggered SSS50% rule. Looking to quickly drop back through previous range to take this month failed 2U to 3. DG also looking weak so slight industry support here too. Neutral: NASDAQ:AVGO - 2x Inside week. No daily AS, but seemingly making a new BF within the combined range of the 2 days after their recent ER. Weekly participants lacking control since then and currently showing evidence of sellers trying to take out LOD from ER gap up day. Can trade this either way since compound inside bars typically result in outside bars following.
AMEX:SPYLong
by Alanger17
1
SPY Set for a Breakout? Key Levels to Watch on January 6thTechnical Analysis (TA): 1. Trend Overview: * SPY is attempting to recover from the recent downtrend. * The price is consolidating near the $592 resistance level with a potential breakout setup. * Support near $585 has been respected, marking it as a critical level. 2. Key Levels: * Support: $585, $581 * Resistance: $592, $600 * Watch for a breakout above $592 for potential bullish momentum or a breakdown below $585 for a bearish move. 3. Indicators: * MACD: Showing bullish divergence, indicating momentum is building. * Volume: Uptick in volume on recent moves, adding credibility to the trend. * RSI: Near neutral; no overbought/oversold conditions. 4. Price Action Forecast: * Above $592: Expect a move toward $600 if momentum sustains. * Below $585: Potential retest of $581 or lower. GEX (Gamma Exposure) for Options: 1. GEX Levels: * Call Resistance: $595 (39.97%), $600 (44.29% GEX). * Put Support: $585 (-5.34% GEX), $581 (-5.34%). 2. Directional Bias: * Positive gamma above $592 could trigger controlled upward movement. * Below $585, negative gamma may accelerate selling pressure. 3. Options Strategy: * Bullish: Enter calls above $592 targeting $600 with tight stop-loss near $590. * Bearish: Enter puts below $585 targeting $581 with a stop-loss at $588. Conclusion: SPY is trading at a critical juncture with potential for volatility around key gamma levels. Traders should watch $592 and $585 for directional cues. Gamma suggests significant resistance near $600 and strong support at $585, aligning with current technical levels. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence before trading.
AMEX:SPY
by BullBearInsights