Market Volatility Ahead - Election + FOMC PreviewThere's a lot going on this week with the election and FOMC among other things. Here are some key levels I'll be watching and what I expect to be influenced the most.Editors' picks05:55by AdvancedPlays77183
Spy short term berishnessSpy temporary bearish scenario retracement to value gap to grab liquidity and test lows . ghost feed for reference. betting on the uncertainty of the elections and the overall height of the market a correction should be in the works Shortby gregorykarras70
$SPY intraday chart Double-Bottom?Markets have been shaky these past few sessions—a reasonable pullback after a long uptrend. The intraday AMEX:SPY chart shows a double-bottom pattern, but it won’t confirm unless it breaks above $575. Personally, I’m waiting (and hoping) for AMEX:SPY to dip to around $565.50 before looking to go long again. 🚀👌by its-sbz2
SPY GROWTH AHEAD|LONG| ✅SPY will soon retest a key support level of 564$ So I think that the etf will make a rebound And go up to retest the supply level above at 580$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx2210
SPY Short Term Support TestI wouldn't say this is the most important level for SPY, but it seems pretty significant for the rest of the session. I'd be wary of chop around this level, but it could make for a good long or short if it can move off of it a good amount. Short term upside target = $575 Short term downside target = $565 If it can hold here I'd consider it rangebound between $568 - $575by AdvancedPlays0
Lost $100 On SPY TodayI Simply should have not traded today this was not an A+ Setup and we were not in my zonesShort02:11by carsonusa51
SPY/QQQ Plan Your Trade For 11-4: Election Week Is HereGood morning, everyone. This video highlights why I believe traders should stay very cautious through the early portion of this week and into next week. My research suggests the SPY & QQQ will stay somewhat range bound this week while the markets move into a SHOCK phase. The elections are really going to take center-stage and even though I expect some reaction after the election are over - I'm not seeing any real trending opportunity in the SPY/QQQ until after November 20-25. Thus, I suggest traders stay in a 80-85% CASH mode and trade very small allocation levels over the next 2-3 weeks. There is nothing wrong with moving into a CASH position and sitting on that cash till the market show more opportunity for profits. Gold and Silver will struggle within a sideways range over the next 5 to 8+ days. The election event will likely drive some volatility in metals, but I see metals stalling out for at least 3-4 more days - trading in a sideways range. Ultimately the SPY/QQQ, Gold & Silver are going to attempt to break downward - away from the Phase #3 & #4 consolidation phase. I see that as the Anomaly Event I discuss in this video. Bitcoin appears to have already starting to break downward, away from the Phase #3 & #4 Excess Phase Peak setup. In this case, Bitcoin may be leading the global markets a bit and attempting to find the Ultimate Low over the next 2+ weeks. Still, at this stage, the best advice I can offer is move assets to CASH and wait out the consolidation in the markets. Again, I don't see the markets moving into any real trending until after February 12-13 and possibly as late as February 20-25. Buckle up. I think the markets are going to go into Anaphylactic Shock because of the election and post-election events. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Short16:10by BradMatheny111112
S&P Weekly RecapLast week saw significant moves in the S&P 500 , with Thursday’s open revealing a sharp gap down that quickly intensified into a strong sell-off. This correction unfolded despite strong earnings from “Big Tech” and was likely driven by weakness in key economic indicators, such as GDP growth and Non-Farm Payrolls, combined with uncertainty surrounding the upcoming U.S. elections. Still, the broader weekly uptrend remains intact for now, as long as the index holds above key levels. One area to watch closely is the 566.6 support, which has been tested by recent volatility. There’s no guarantee that this level will hold if selling pressure continues, so it’s a crucial line to monitor. That said, the general uptrend is considered safe above 538 , which is the major weekly low. Another significant level to watch is 561.5 , the Value Area High (VAH) of the recent weekly consolidation zone. An interesting signal was the elevated call/put ratio on Friday. This uptick suggests that, despite the sell-off, bullish sentiment remains alive, with many viewing the dip as an opportunity. The continued strength of the XLC sector further reflects this optimism, as it managed to hold firm even through the broader index’s pullback. Considering all the above, the long-term market outlook remains bullish. Key levels to watch in the coming days are 566.6 for immediate support, 561.5 as an important pivot point, and the weekly major low at 538 . Next week is packed with high-impact events, including the U.S. elections and the Federal Reserve’s interest rate decision . Both are likely to drive heightened volatility and could serve as key catalysts for market direction. Longby hermes_trisme0
Spy Road To 600 Halt?This will be one of the biggest weeks of our life's and volatility in the stock market. Nov 5th election decision Nov 7th rate cut decision. Also huge week for earnings, be very careful trading this week everybody! Warningby JoeWtrades114
SPY in a Downward Channel: Pivotal Levels for November 4, 2024Technical Analysis: Current Trend: SPY remains in a bearish downtrend, respecting a descending trendline. Recent price action indicates consolidation near support, suggesting potential for either a rebound or further decline. Resistance Levels: $578.45 - $578.58: Immediate resistance zone; breaking above this could indicate a bullish reversal towards $583. $583.27 - $584.90: Upper resistance range; a move past this would confirm stronger bullish sentiment. Support Levels: $571.30 - $571.39: Closest support zone near the bid; a breakdown below this may lead to a test of $567.75. Indicators: EMA (Exponential Moving Averages): SPY remains below the EMAs, indicating continued bearish pressure. An EMA crossover would be a sign of potential trend reversal. MACD: Shows slight bullish divergence, hinting at a possible rebound but not yet strong enough for confirmation. Potential Entry Points: Short Position: If SPY fails to break the $578 resistance zone, consider a short entry targeting $571 and $567. Long Position: A strong close above $579 could open up long opportunities, aiming for $583 and higher. Summary: SPY is at a decision point within its downward channel. Watch key support and resistance zones closely for signals of continuation or reversal. Disclaimer: This analysis is for informational purposes only. Always conduct your own research before trading.by BullBear-Insights1
SPY Will Go UP! Buy! Hello,Traders! SPY is trading in an Uptrend and the etf is Now making a local correction Towards the horizontal support Of 564$ from where we will Be expecting a further Bullish move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals112
SPY: Elections week! My thoughts, not advice! Safe trades everyone and leave your questions/comments below!10:11by Steversteves4431
SPY: Expecting Bullish Continuation! Here is Why: The price of SPY will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals111
SpyLooking for 2 targets this week... My low end target is 565 support . Despite the early week movements price should start to fulfill the weekly bearish by early or late Wed. My upside target would be 580 once we break back over 576.. Seasonality belongs to small caps and the bulls , the only difference this year is we are coming into November near ATH vs traditionally being oversold at this point. 580-582 will be a 🧱 wall. Over that and 600 comes. Below 560 and 540 is next . My indicators are mixed.. some spell doom and some say a rally is coming to ATH for spy.. Here's an example Here's SPXU which is the inverse SPY. Spxu is showing a bullish wedge and when this goes higher spy usually goes lower Breakout just happened last week and the measured move would put spy at 540. So that's bearish but on the bullish side.. Look at your money flow on spy 3hour chart.. you see how oversold it is ? For as long as I can scroll back when spy gets this oversold a 4-7% rally occurs. And that's just 2 of my mixed signals.. There's more but I won't go into them. When my signals get like this I tend to limit the swings and trade whats in front of me.. With that being said, we'll tag 565 and 580 this week.. 568 will be short term support (50sma) 575 will be short term resistance (Gap). I don't think we'll get over 576 without some news. by ContraryTrader3328
Trades - BTC, S&P500For ease of reference for my Copiers, the chart shows current and historical trades of my trading strategy. Updated with a time lag. 🫰 Happy Trading 🐆 MrStocky Short-Term Trader AMEX:SPY SP:SPX COINBASE:BTCUSD AMEX:GBTC Not Financial Advice Historical Performance Not Indicator of Future Returns Shortby mrstockyetoro0
Hey SPYLOVERS here are 3 Scenarios for this week check it out...Another week analyzing SPY's behavior correctly as we planned. I’d like to invite you to review my previous analyses of the price movements throughout the week, so you can see that I base my strategy solely on price action and institutional supply and demand concepts—simple methods that the price has respected. In this case, we won’t be seeing historical highs anytime soon. I believe we’re in a pullback where we need to monitor closely to see if the price might return to the order block I have around $563.60. This area is significant because it’s where the highest concentration of orders in the market is currently positioned. If we look at the last candle SPY closed with, although it ended higher than the previous one, it’s still showing selling pressure, so we’ll likely continue on the path of selling for a few more days. The key is to analyze the next move the price makes when it touches the order block: Here are 3 possible Scenarios. Scenario 1. If the price reaches this zone ($563.60), it might dip a little further as a fake-out before bouncing back strongly. Here, we need to pay close attention to the candlestick pattern that appears in this area. Scenario 2. If it respects the order block but doesn’t bounce with enough strength, we might be witnessing a Head and Shoulders pattern forming, which could later bring the price to the inflection zone (the blue middle area). Scenario 3. If the price breaks my order block with strength and volume, then we’re validating a CHoCH (Change of Character), where we could see the price move to the inflection zone (the blue middle area). No matter what happens, remember to always watch the candlestick pattern and the volume. That’s the main fuel behind the price's strength, and analyzing it this way will make your analysis more accurate. Thank you for supporting my analysis. TRADE SAFE! Best regards.Shortby RocketMike111339
Bearish Break out on S&P 500 Looks like we broke out of the upward channel and until then we might be in a bearish momentum. unless we bounce back from this 566 support level. Shortby RicardoFerrari4
SP500 Bullish count 5935/6218 midpoint 6012 GET SHORT 5935The chart posted is the daily count The last gasp by wavetimer227
SPY What Next? BUY! My dear subscribers, This is my opinion on the SPY next move: The instrument tests an important psychological level 571.04 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 577.68 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK Longby AnabelSignals2212
SPY 24hr chart with potterboxes and a rangeSPY is trading in this range right now and could break either way anytime. stay patient and positive.Longby potrod117
$SPY November 1, 2024AMEX:SPY November 1, 2024 15 Minutes. Gap down did not allow to initiate any short which were closed earlier around 579 levels. 575 supports did not hold and AMEX:SPY continued to make lows. For the large rise 539.95 to 586.12 4SPY retraced to 38.2 % levels and also 50-day average in daily. If this is not supported, we can expect 558-=562 levels which is 100 averages. If we see the daily chart 565 is important to hold. If this is broken, we have a history where AMEX:SPY went back to 539-540 levels twice from that number. No trade day today. How ever for the fall 583.32 to 568.44 a retracement to 578 levels will give a chance to short. Depending on moving averages. At the moment SL is 580 being 200 averages in 15 minutes. We are having an oscillator divergence at lows near close. So, i expect a retracement. by RiderTrader3310
Spy idea I think it gaps down tomorrow morning and then retrace after touching the 566 area support . RSI in the one hour looks really bad bulls would be buying this Deep and I will buy some calls at this level Longby Todopoderoso222
SPY Technical Analysis for Nov. 1, 2024Resistance Levels: $578.35: Immediate overhead resistance where recent selling pressure has been observed. This level could act as a barrier, especially in the early trading session. $583.29 to $584.50: Stronger resistance range. If SPY pushes above this, it could signal potential for further upside, but watch for rejection around this range if volume decreases. Support Levels: $569.40: Immediate support where buyers may step in. This level aligns with recent price action, showing buying interest. $568.44: Lower support level that has seen demand in the past. A breakdown here could lead to more downside pressure. Price Action and Trend: The chart shows a recent downtrend with a slight rebound today. If momentum carries into tomorrow, we may see a test of the $578.35 resistance. The MACD indicator shows a potential shift in momentum, suggesting a possible short-term recovery if it crosses upward. Entry/Exit Suggestions: Bullish Entry: Consider entering above $578.35 with volume confirmation. Target the $583.29 to $584.50 resistance zone for a short-term exit. Place a stop below $578.35 to manage risk. Bearish Entry: If SPY fails to break above $578.35 and shows weakness, consider a short entry with a target around $569.40. Stop loss should be set just above $578.35 to limit losses. Volume Analysis: Volume on this pullback suggests a strong interest level around current support zones. An increase in volume at resistance or support could indicate strength in the next price direction. "Disclaimer: This analysis is for informational purposes only and is not financial advice. Please conduct your own research and consider your risk tolerance before making any trading decisions."by BullBear-Insights2