S27 trade ideas
SPY/QQQ Plan Your Trade For 12/30 : GAP ReversalThis week should resolve as a Momentum Rally in the SPY/QQQ. Yet, I believe price action will be very volatile as we are still transitioning through the holidays.
Overall, I expect the SPY/QQQ to attempt to mount a fairly solid rally this week - possibly attempting to reach new All-Time highs again.
Then, I believe the SPY/QQQ will move into an extended topping pattern over the next 2+ weeks - resulting in a breakdown trend after the Inauguration.
Gold and Silver appear to be trying to base/bottom and we may see a decent rally in metals this week. I hope so because I don't believe Metals should be this low compared to the risk factors throughout the global markets.
Bitcoin is transitioning through an EPP pattern Flag breakdown event. If this continues, I suspect we'll see a downward price move targeting $74k before the end of January 2025.
Remember, my Daily/Weekly Cycle Patterns are designed to help us plan and prepare for market opportunities. No, they are not 100% perfect all the time. But I don't know of anything else that can attempt to accurately identify price trends, setups, events weeks and months into the future.
2025 is going to be a great year for traders. Remember, it is all about what you can do with the information I share to profit from these moves.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY in a Crucial Zone! Scalping, Swing, and Options StrategiesScalping Analysis for SPY:
1. Support and Resistance Levels:
* Immediate support at $594 (key gamma wall and major put support).
* Resistance near $599-$602 (gamma resistance and call wall).
2. Key Indicators:
* 9 EMA & 21 EMA: Price is below both EMAs on the hourly timeframe, suggesting bearish short-term momentum.
* MACD: Early signs of a bullish crossover, indicating potential reversal.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $599-$600.
* Target: $594, $591.
* Stop Loss: Above $602.
* Bullish Scenario:
* Entry: Breakout above $599 with strong volume.
* Target: $602, $605.
* Stop Loss: Below $596.
Swing/Day Trading Analysis for SPY:
1. Trendlines:
* SPY is retesting its recent consolidation zone between $594-$599. A decisive breakout or breakdown will define the next trend.
2. GEX Analysis:
* Call resistance at $602-$605 indicates difficulty for bulls in breaching higher levels.
* Strong put support at $594 and $591 highlights a potential floor for the downside.
3. Trade Scenarios:
* Bullish Swing:
* Entry: Above $599 with confirmation or bounce from $594 with support validation.
* Target: $605, $610.
* Stop Loss: Below $592.
* Bearish Swing:
* Entry: Below $594 with retest confirmation.
* Target: $591, $587.
* Stop Loss: Above $596.
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $602, $605.
* Put Wall: $594, $591.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $600 Call if SPY breaks and sustains above $599 with volume.
* Target: Move toward $602-$605.
* Risk: Below $596.
* Bearish Play:
* Buy Jan 5th $590 Put if SPY breaks below $594.
* Target: $591-$587.
* Risk: Above $596.
3. Options Oscillator Metrics:
* IVR (17.2%) suggests reasonable premiums for options strategies.
* Puts skew (65.3%) indicates stronger bearish sentiment near current levels.
Insights:
* SPY is trading at a key pivot level, with strong gamma resistance at $599-$602 and put support at $594. The breakout or breakdown from this zone will likely drive the next significant move.
* Volume Focus: Look for volume confirmation around $594 or $599 to validate the directional move.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
Long positions are favored for SPY next week as bullish momentum
- Key Insights: SPY has exhibited strong bullish trends recently, supported by
positive economic indicators and robust corporate earnings reports. Market
sentiment remains optimistic, buoyed by strong consumer spending and
favorable employment data, suggesting resilience in the economy.
- Price Targets:
Next week targets:
T1 = 610.00
T2 = 620.00
Stop levels:
S1 = 588.00
S2 = 580.00
- Recent Performance: SPY has shown a notable upward trend over the past month,
rising approximately 7% amidst positive market sentiments. Volatility has
decreased, indicating a potential stabilization in price, as investors
respond favorably to earnings season and macroeconomic data.
- Expert Analysis: Analysts maintain a predominantly bullish outlook on SPY,
citing strong support levels and increasing institutional investment. Many
experts highlight that this upward trend is likely to continue as market
fundamentals remain solid, with ongoing interest in technology and
healthcare sectors.
- News Impact: Recent headlines around potentially favorable Federal Reserve
policies and infrastructure spending are contributing to positive sentiment
toward SPY. Additionally, ongoing global trade developments are closely
watched, as any favorable resolution could further bolster SPY's performance
in the coming weeks.
Technical Analysis Idea for SPYChart Pattern Identification:
Inverted Head and Shoulders Pattern:
Left Shoulder: Look for a decline followed by a minor rally, forming the left shoulder.
Head: A further decline creating a lower trough, forming the head.
Right Shoulder: A subsequent rally and decline forming a higher low, creating the right shoulder.
Neckline: Draw a trendline connecting the peaks of the left shoulder and the head. This line acts as a resistance level.
Entry and Exit Strategy:
Entry Point: Consider entering a long position when the price breaks above the neckline with strong volume, confirming the pattern.
Stop Loss: Place a stop loss below the right shoulder to manage risk.
Target Price: Measure the distance from the head to the neckline and project it upwards from the breakout point to set a target price.
Squeeze Momentum Indicator:
Confluence Signal: Use the squeeze momentum indicator to confirm the breakout. Look for a shift from red to green bars, indicating increasing bullish momentum.
Momentum Confirmation: Ensure the squeeze dots turn from black to green, signaling the end of a consolidation phase and the start of a potential upward move.
Additional Considerations:
Volume Analysis: Confirm the breakout with a significant increase in volume, supporting the validity of the pattern.
Market Context: Consider broader market trends and news that might impact SPY's price movement. PYTH:SPY AMEX:SPY
12/30 Watchlist + NotesAMEX:SPY - Short week from Xmas leaves us with an inside weekly setup to start the new year. The way 2-1-X and 3-1-X setups (Inside bar setups) work, is they either confirm what happened previously, or negate it. In this specific scenario on the weekly, we have a large red week of selling (2D, followed by a pretty neutral inside week (1). Next week either goes 2D, confirming the selling from the previous week and therefore showing evidence of continuation lower, or we negate that selling by making a higher high (2U) and looking to reclaim the highs from the big red week from when FOMC occurred. We can't predict which way the next week will go, but we can at the very least imagine what has to occur for both bull and bear scenarios to be successful. Simply put, above last weeks high means we are targeting the weekly high from the week prior to last week. Below last weeks low means we are targeting the weekly low from the week prior to last week. Break either side and come back into last weeks range means we are failing to confirm/negate what the signal is indicating, and then we target the other side. EX: Monday pokes above last weeks high but closes red. We then would look to engulf the week and create a 1-3 combo on the weekly. This week should be similar to last week, meaning it may be tougher to trade since we have a few negative considerations and less ideal conditions to trade.
Considerations for the upcoming week: For starters, we have another short week with new years day on Wednesday being a full day closure for the markets. Short week means less time for weekly candles to form, and therefore, likely chance of less volume to occur compared to normal weeks. Secondly, its the new year! This means we see all new candles on every timeframe up to the yearly chart. So, new Year, Quarter, Month, Week, Day, Hour, etc. Because of this, we will see issues with decoupling. This means the Year, Quarter, and Month will all be the same exact candle until we get to the second month and quarter of the year. Because the week starts in 2024 and ends in 2025, the week will be decoupled, but the M, Q and Y will not. Again, not the biggest issues ever, but just considerations to have in mind.
Weekly Watchlist: (Side Note: I have added all of my charts for individual tickers mentioned for further clarity on what I am seeing with these setups)
Bullish:
NASDAQ:MRVL - 3-1-2U W to confirm bright green M, Y
NASDAQ:AVGO - 2-1-2U W to confirm FTFC Up. Relative strength. 4HR 2-1-2U and 1HR 3-2U for Intraday entries Monday
Bearish:
NASDAQ:SMCI - Shooter 2U W to confirm failed 2U month. Super nice Daily BF
NYSE:AI - 2-1-2D W to trigger Shooter failed 2U M. Gorgeous monthly Broadening Formation.
NASDAQ:MSTR - 3-1-2D W. BTC with a weak setup on the major TFs. Looking to capitalize through MSTR and other names in that space
NYSE:BRK.B - Shooter 3 D. Weekly 2-2U too weak to hit magnitude last week. Month is 3-1 but big red currently. May be early on this but with similar setups in the Financial industry, this is one I want to watch.
NASDAQ:AMD - Hammer revstrat D to trigger Weekly 2-1-2U at Monthly Exhaustion level. Yearly has a nasty bearish revstrat setup forming, but if we are just daytrading this, it looks good for an exhaustion play intraweek. Otherwise will be watching all next year for that Y revstrat to play out
Neutral:
NYSE:SHOP - 3-1 W. Month Failing 2U.
NASDAQ:NVDA : Currently Shooter 2U W. Normally this is just bearish, but the 2W chart can go hammer 1-2-2U, and M is 2D but close to open meaning it is failing that downside signal. I could see this going either way, but its such an interesting setup that I wanted to include it.
SpyI'll be going over
QQQ
Es
Nq
NYA
And. A few major tech sectors
Soxx (Chips)
XLK (AAPL , Msft)
XLC (Meta, Googl)
Let's start with the TVC:NYA
So if you've , notice for the entire month of Dec , anything other than tech stocks straight nose dived .
With Earnings season 2 weeks away and a new presidency let's see how things stand
Here's the weekly chart zoomed out from 2009.. Price tagged the top of that white trend line late Nov
And zoomed in you can see that price broke the uptrend (Yellow channel) from 2023 lows.. now we can grind sideways until some catalyst snatches it back down to support like I circled in green
Either way you're either Neutral or Bearish using this chart.. Every time I look at it I think " this is why buffet is selling"
Now pay attention.. You see how you like to use your indicators for direction? Well I like to use different indexes and sector on top of my indicators to give more confirmation and to you it may seem like a lot but I've been doing this setup for years and it literally takes me about 10-15min to incorporate everything into trade able information..
Last week Thurs A few things hit resistance all at the same time
Look here At ES and NQ
NQ
ES
Now look at XLK and XLC
XLK
XLC
Now , I dropped the ball there because that was obvious short and I should've been loaded short but I think it's so more room to the down side.
You want to know if Spy can go to 620? Only if tech complies.. I've showed you XLK and XLC and they do not look bullish.. from a weekly perspective a lower high was made across the board and that Christmas pop could've just been a dead cat bounce .
Here's QQQ zoomed out
Zoomed in
The area I circled was the fake out when they added PLTR and MSTR to
Qqq
Now notice how we made a higher low but a lower high.. that price action always defines it's self as a pennant
Inside that pennant we could push up 527-528... A break above 531 and we'll melt back to 533-537
Nothing news worth for a big push to to upside except for TSLA car sales after New years
NASDAQ:SOXX
This interesting chart... NASDAQ:AMD and NASDAQ:QCOM have been following this instead of $Smh..
On major trend line support here... Didn't budge much even with all the selling Friday and if you notice neither did AMD.. price is pinned right below it's weekly 20/50ma.. A major move is coming for this sector In the next 2weeks ..
Bears see a H&S
Bulls see a pennant
Even though Im Bearish on most tech, this market can be a scam.. for example, most tech sold off since FOMC but they used AAPL to prop up the market .. Now that AAPL is overbought and due for a correction could they use Soxx to prop? It wouldn't stopped the slide but it would mitigate.. These bulls always find some shit to rotate into 😂.
Lastly here's Spy
Same pennant setup as QQQ
I can see a push back to 600 this week
At 600 we will see if it rejects and Kick off the sell to 566 or break above 602 and push to 608...
Yes it's a pennant
But it can also be a consolidation of a right shoulder for a H&S
Anything above 592 on Monday could be a dip buy for a push back to 600 stop loss below 590... 592-595 is chop
This market goes nowhere without tech though so let's see what happens.
These technicals picture took me 10min to see but 1 hour to type up. Don't troll the comment section, they have stocktwits and Webull for that...
I don't charge shyt and I don't want anything .. Genuine questions always welcome and your technical view is appreciated. Sometimes you may see things I don't 🤝
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.
It can't be this easy I'm sure. x3 bear SPYI think the central banks end game is to fortify the USD by 3 main ways.
1. Ramp the markets to insane irrational highs, then have a control crash that increases demand for USD and increasing its value.
2. Create a digital USD (USDC) that can be used by the whole world thus increasing demand and value. Stellar blockchain will be the new monetary infrastructure base layer. Just saw you can by US treasuries on the stellar dex today!
3. Merge Canada's and Mexico economy and replace currencies with USD. I think this plan was in place for a long time, since Canada sold all its gold a number of years ago. Why have gold if you are going to trash your fiat?
All of this will greatly increase the value of the USD. Ultimately though, people will get sick of inflation and buy xlm. :)
And SPY was making a tight ascending triangle, fell out and backtested. Probably too obvious, or is it?