The Turn?spx should continue down, I also cover other markets. OIl long term looks very bullish. I'm sick so short video.
1557 trade ideas
SPY JUNSPY – June Update
SPY continues to trade within a well-defined ascending channel, with bullish momentum intact.
Price is currently approaching a major resistance at 608, while holding above the key support at 590.
Immediate upside target: 608, followed by potential extension toward the gap fill near 611.
If price fails to hold above 590, downside pressure could lead to a retest of the gaps at 550 and 530, which act as major support zones.
As long as SPY remains above the channel midpoint and above EMA20 (585.77), the bullish structure remains valid.
#SPY #SP500 #Stocks #TechnicalAnalysis #OptionsFlow #Momentum #Support #Resistance
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Stock Market Forecast | TSLA NVDA AAPL AMZN META MSFTStock Market Forecast | CME_MINI:NQ1! CME_MINI:ES1! QQQ AMEX:SPY
Mag 7 Forecast | NASDAQ:TSLA NASDAQ:NVDA AAPL AMZN META MSFT GOOG
Warren Buffett's Approach to Long-Term Wealth BuildingUnderstanding Value Investing: Warren Buffett's Educational Approach to Long-Term Wealth Building
Learn the educational principles behind value investing and dollar-cost averaging strategies, based on historical market data and Warren Buffett's documented investment philosophy.
---
Introduction: The Million-Dollar Question Every Investor Asks
Warren Buffett—the Oracle of Omaha—has consistently advocated that index fund investing provides a simple, educational approach to long-term wealth building for most investors.
His famous 2007 bet against hedge funds proved this principle in dramatic fashion: Buffett wagered $1 million that a basic S&P 500 index fund would outperform a collection of hedge funds over 10 years. He crushed them. The S&P 500 returned 7.1% annually while the hedge funds averaged just 2.2%.
Today, we'll explore the educational principles behind this approach—examining historical data, mathematical concepts, and implementation strategies for learning purposes.
---
Part 1: Understanding Value Investing for Modern Markets
Value investing isn't about finding the next GameStop or Tesla. It's about buying quality assets at attractive prices and holding them for compound growth .
For beginners, this translates to:
Broad Market Exposure: Own a cross-section of businesses through low-cost index funds
Long-term Perspective: Think decades, not months
Disciplined Approach: Systematic investing regardless of market noise
"Time is the friend of the wonderful business, the enemy of the mediocre." - Warren Buffett
Real-World Application:
Instead of trying to pick between NASDAQ:AAPL , NASDAQ:MSFT , or NASDAQ:GOOGL , you simply buy AMEX:SPY (SPDR S&P 500 ETF) and own pieces of all 500 companies automatically.
---
Part 2: Dollar-Cost Averaging - Your Secret Weapon Against Market Timing
The Problem: Everyone tries to time the market. Studies show that even professional investors get this wrong 70% of the time.
The Solution: Dollar-Cost Averaging (DCA) eliminates timing risk entirely.
How DCA Works:
Decide on your total investment amount (e.g., $24,000)
Split it into equal parts (e.g., 12 months = $2,000/month)
Invest the same amount on the same day each month
Ignore market fluctuations completely
DCA in Action - Real Example:
Let's say you started DCA into AMEX:SPY in January 2022 (right before the bear market):
January 2022: AMEX:SPY at $450 → You buy $1,000 worth (2.22 shares)
June 2022: AMEX:SPY at $380 → You buy $1,000 worth (2.63 shares)
December 2022: AMEX:SPY at $385 → You buy $1,000 worth (2.60 shares)
Result: Your average cost per share was $405, significantly better than the $450 you would have paid with a lump sum in January.
---
Part 3: The Mathematics of Wealth Creation
Here's where value investing gets exciting. Let's run the actual numbers using historical S&P 500 returns:
Historical Performance:
- Average Annual Return: 10.3% (1957-2023)
- Inflation-Adjusted: ~6-7% real returns
- Conservative Estimate: 8% for planning purposes
Scenario 1: The $24K Start
Initial Investment: $24,000 | Annual Addition: $2,400 | Return: 8%
Calculation Summary:
- Initial Investment: $24,000
- Annual Contribution: $2,400 ($200/month)
- Expected Return: 8%
- Time Period: 20 years
Results:
- Year 10 Balance: $86,581
- Year 20 Balance: $221,692
- Total Contributed: $72,000
- Investment Gains: $149,692
Scenario 2: The Aggressive Investor
Initial Investment: $60,000 | Annual Addition: $6,000 | Return: 10%
Historical example after 20 years: $747,300
- Total Contributed: $180,000
- Calculated Investment Gains: $567,300
Educational Insight on Compound Returns:
This historical example illustrates how 2% higher returns (10% vs 8%) could dramatically impact long-term outcomes. This is why even small differences in return rates can create life-changing wealth over decades. The mathematics of compound growth are both simple and incredibly powerful.
---
Part 4: Investing vs. Savings - The Shocking Truth
Let's compare the same contributions invested in stocks vs. a high-yield savings account:
20-Year Comparison:
- Stock Investment (8% return): $221,692
- High-Yield Savings (5% return): $143,037
- Difference: $78,655 (55% more wealth!)
"Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't, pays it." - Often attributed to Einstein
Key Insight: That extra 3% annual return created an additional $78,655 over 20 years. Over 30-40 years, this difference becomes truly life-changing.
📍 Global Savings Reality - The Investment Advantage Worldwide:
The power of index fund investing becomes even more dramatic when we examine savings rates around the world. Here's how the same $24K initial + $2,400 annual investment compares globally:
🇯🇵 Japan (0.5% savings):
- Stock Investment: $221,692
- Savings Account: $76,868
- Advantage: $144,824 (188% more wealth)
🇪🇺 Western Europe Average (3% savings):
- Stock Investment: $221,692
- Savings Account: $107,834
- Advantage: $113,858 (106% more wealth)
🇬🇷 Greece/Southern Europe (2% savings):
- Stock Investment: $221,692
- Savings Account: $93,975
- Advantage: $127,717 (136% more wealth)
🇰🇷 South Korea (2.5% savings):
- Stock Investment: $221,692
- Savings Account: $100,634
- Advantage: $121,058 (120% more wealth)
💡 The Global Lesson:
The lower your country's savings rates, the MORE dramatic the advantage of global index fund investing becomes. For investors in countries with minimal savings returns, staying in cash is essentially guaranteed wealth destruction when compared to broad market investing.
This is exactly why Warren Buffett's advice transcends borders - mathematical principles of compound growth work the same whether you're in New York, London, or Athens.
Note: Savings rates shown are approximate regional averages and may vary by institution and current market conditions. Always check current rates in your specific market for precise calculations.
---
Part 5: Building Your Value Investing Portfolio
Core Holdings (80% of portfolio):
AMEX:SPY - S&P 500 ETF (Large-cap US stocks)
AMEX:VTI - Total Stock Market ETF (Broader US exposure)
LSE:VUAA - S&P 500 UCITS Accumulating (Tax-efficient for international investors)
Satellite Holdings (20% of portfolio):
NASDAQ:QQQ - Technology-focused (Higher growth potential)
AMEX:VYM - Dividend-focused (Income generation)
NYSE:BRK.B - Berkshire Hathaway (Value investing & diversification)
---
Part 6: Implementation Strategy - Your Action Plan
Month 1: Foundation
Open a brokerage account (research low-cost brokers available in your region)
Set up automatic transfers from your bank
Buy your first AMEX:SPY shares
💡 Broker Selection Considerations:
Traditional Brokers: Interactive Brokers, Fidelity, Vanguard, Schwab
Digital Platforms: Revolut, Trading 212, eToro (check availability in your country)
Key Factors: Low fees, ETF access, automatic investing features, regulatory protection
Research: Compare costs and features for your specific location/needs
Month 2-12: Execution
Invest the same amount on the same day each month
Ignore market news and volatility
Track your progress in a simple spreadsheet
Year 2+: Optimization
Increase contributions with salary increases
Consider additional core holdings like LSE:VUAA for tax efficiency
Consider tax-loss harvesting opportunities
Visualizing Your DCA Strategy
Understanding DCA concepts is easier when you can visualize the results. TradingView offers various tools to help you understand investment strategies, including DCA tracking indicators like the DCA Investment Tracker Pro which help visualize long-term investment concepts.
🎯 Key Visualization Features:
These types of tools typically help visualize:
Historical Analysis: How your strategy would have performed using real market data
Growth Projections: Educational scenarios showing potential long-term outcomes
Performance Comparison: Comparing actual vs theoretical DCA performance
Volatility Understanding: How different stocks behave with DCA over time
📊 Real-World Examples from Live Users:
Stable Index Investing Success:
AMEX:SPY (S&P 500) Example: $60K initial + $500/month starting 2020. The indicator shows SPY's historical 10%+ returns, demonstrating how consistent broad market investing builds wealth over time. Notice the smooth theoretical growth line vs actual performance tracking.
Value Investing Approach:
NYSE:BRK.B (Berkshire Hathaway): Warren Buffett's legendary performance through DCA lens. The indicator demonstrates how quality value companies compound wealth over decades. Lower volatility = standard CAGR calculations used.
High-Volatility Stock Management:
NASDAQ:NVDA (NVIDIA): Shows smart volatility detection in action. NVIDIA's explosive AI boom creates extreme years that trigger automatic switch to "Median (High Vol): 50%" calculations for conservative projections, protecting against unrealistic future estimates.
Tech Stock Long-Term Analysis:
NASDAQ:META (Meta Platforms): Despite being a tech stock and experiencing the 2022 crash, META's 10-year history shows consistent enough performance (23.98% CAGR) that volatility detection doesn't trigger. Standard CAGR calculations demonstrate stable long-term growth.
⚡ Educational Application:
When using visualization tools on TradingView:
Select Your Asset: Choose the stock/ETF you want to analyze (like AMEX:SPY )
Input Parameters: Enter your investment amounts and time periods
Study Historical Data: See how your strategy would have performed in real markets
Understand Projections: Learn from educational growth scenarios
🎓 Educational Benefits:
This tool helps you understand:
- How compound growth actually works in real markets
- The difference between volatile and stable investment returns
- Why consistent DCA often outperforms timing strategies
- How your current performance compares to historical market patterns
- The visual power of long-term wealth building
As Warren Buffett said: "Someone's sitting in the shade today because someone planted a tree a long time ago." This tool helps you visualize your financial tree growing over time through actual market data and educational projections.
---
Part 7: Common Mistakes to Avoid
The "Perfect Timing" Trap
Waiting for the "perfect" entry point often means missing years of compound growth. Time in the market beats timing the market.
The "Hot Stock" Temptation
Chasing individual stocks like NASDAQ:NVDA or NASDAQ:TSLA might seem exciting, but it introduces unnecessary risk for beginners.
The "Market Crash" Panic
Every bear market feels like "this time is different." Historical data shows that patient investors who continued their DCA through 2008, 2020, and other crashes were handsomely rewarded.
---
Conclusion: Your Path to Financial Freedom
Value investing through broad index funds and dollar-cost averaging isn't glamorous. You won't get rich overnight, and you won't have exciting stories about your latest trade.
But here's what you will have:
Proven strategy backed by decades of data
Peace of mind during market volatility
Compound growth working in your favor 24/7
A realistic path to serious wealth creation
The Bottom Line: Warren Buffett's approach works because it's simple, sustainable, and based on fundamental economic principles. Start today, stay consistent, and let compound growth do the heavy lifting.
"Someone's sitting in the shade today because someone planted a tree a long time ago." - Warren Buffett
Educational Summary:
Understanding these principles provides a foundation for informed decision-making. As Warren Buffett noted: "The best time to plant a tree was 20 years ago. The second-best time is now" - emphasizing the educational value of understanding long-term investment principles early.
---
🙏 Personal Note & Acknowledgment
This article was not entirely my own work, but the result of artificial intelligence in-depth research and information gathering. I fine-tuned and brought it to my own vision and ideas. While working with AI, I found this research so valuable for myself that I could not avoid sharing it with all of you.
I hope this perspective gives you a different approach to long-term investing. It completely changed my style of thinking and my approach to the markets. As a father of 3 kids, I'm always seeking the best investment strategies for our future. While I was aware of the power of compound interest, I could never truly visualize its actual power.
That's exactly why I also created the open-source DCA Investment Tracker Pro indicator - so everyone can see and visualize the benefits of choosing a long, steady investment approach. Being able to see compound growth in action makes all the difference in staying committed to a strategy.
As someone truly said: compound interest is the 8th wonder of the world.
---
Disclaimer: This article is for educational purposes only and does not constitute financial advice. Past performance does not guarantee future results. Always consult with a qualified financial advisor before making investment decisions.
SPY - 1 Hour ShortSPY – 1H Technical Breakdown (Short Bias)
Price action on SPY has recently traded into a clearly defined higher-timeframe supply zone, where prior bearish order flow originated. The current structure shows signs of exhaustion after a liquidity sweep above recent swing highs, which likely triggered breakout entries and stop-loss clusters — a common precursor to reversal.
We’ve observed a loss of momentum as price consolidates beneath this supply zone, signaling inefficient buying and a potential shift in control from buyers to sellers. The rejection from this zone aligns precisely with the projected schematic path, reinforcing the short bias and supporting the hypothesis of a distribution phase.
The anticipated move targets the mid-550s, a region marked by prior accumulation and unmitigated demand, making it a logical zone for price to seek out resting liquidity.
🔹 Key Technical Confluences:
Entry from a confirmed supply zone
Sweep of prior high followed by internal weakness
Structure showing early lower highs and compression beneath resistance
Market currently following the projected schematic path outlined in advance
🛡️ Risk Parameters:
Stop-loss is placed conservatively above the supply zone highs to account for further probing
Take-profit aligned with prior demand and structural inefficiencies
Risk-to-Reward Ratio (R:R): Estimated 3:1+, offering a highly asymmetric return profile
This is a tactically planned short with strong technical backing. As long as price respects current structure, we maintain bearish conviction until the 555–560 zone is tested or invalidation occurs above the supply.
Nightly $SPY / $SPX Scenarios for June 10, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for June 10, 2025 🔮
🌍 Market-Moving News 🌍
📱 Apple Disappoints at WWDC Keynote
Apple ( NASDAQ:AAPL ) faced criticism after a lackluster WWDC keynote. Major AI and Siri upgrades were delayed, prompting a 1–1.5% drop in Apple shares—the weakest move during today's presentation
🎮 GameStop to Report Q1, Crypto Pivot in Focus
GameStop ( NYSE:GME ) is scheduled to announce Q1 earnings after market close. Investors will be watching for updates on its $500M Bitcoin allocation and potential crypto-related strategies
📈 Small-Business Optimism Rises
The NFIB Small Business Optimism Index for May came in at 95.9—above the 94.9 consensus—showing modest improvement in sentiment among small firms
📊 Key Data Releases & Events 📊
📅 Tuesday, June 10:
6:00 AM ET – NFIB Small Business Optimism (May):
A reading above expectations could boost risk market sentiment by showing stronger Main Street confidence.
⚠️ Disclaimer:
This is for educational/informational purposes only and does not constitute financial advice. Please consult a licensed professional before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Nightly $SPY / $SPX Scenarios for June 13, 2025 🔮 Nightly AMEX:SPY / SP:SPX Scenarios for June 13, 2025 🔮
🌍 Market-Moving News 🌍
🚨 Israel Strikes Iran — U.S. Markets Sell Off
Israel launched airstrikes on Iran’s nuclear and military facilities, triggering a sharp risk-off move in global markets. U.S. stock futures slid over 1%, driven by a drop in equities and a surge in safe-haven assets
🛢️ Oil Prices Surge 7–8% on Supply Fears
Brent crude jumped over 7%, reaching ~$74.65/barrel, while WTI rose nearly 8%—the strongest move since early May. The sudden energy-price spike reflects heightened fears of supply disruptions in the Middle East
💱 Dollar & Safe Havens Climb
True to form, the U.S. dollar, Japanese yen, Swiss franc, gold, and Treasuries rallied as investors moved to the safety of low-risk assets amid escalating geopolitical uncertainty
📊 Key Data Releases 📊
📅 Friday, June 13
(No scheduled U.S. economic data)
Data flow will take a backseat as markets digest geopolitical developments and await the weekend.
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #geopolitics #oil #safety #charting #technicalanalysis
Spy Prediction Potential breakout of bull flag if it bounces back after retest of 200 SMA. Could see an attempt for new ath.
Spy needs to reach 602.23 and hold that floor before the breakout. Watch for volume spike and close above 603. Watch for confirmation on the breakout.
Potential entries based on risk - 603.61 & 602.95
If volume or momentum declines, we could see a potential breakdown back towards 598.
Watch out for fakeouts.
SPY (S&P500) - Price Testing Support Trendline - Daily ChartSPY (S&P500 ETF) price has just closed below $600 and is currently under a support trendline.
If price cannot breakout above the $600 and $605 resistance level this month, a pullback could occur down to the support zone.
SPY price could potentially pullback to various levels of support due to:
-USA domestic conflict
-International military conflicts
-Technical chart bearish divergence
-USA federal reserve interest rate news
-Government and corporate news
Support Levels: $595, $590, $585, $580.
Resistance Levels: $600, $605, $610, $615.
The 50EMA/200EMA Golden Cross is still on-going, and support prices of $580 and $568 have yet to be tested significantly.
SPY: Swing Trading & Technical Analysis
Balance of buyers and sellers on the SPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
Update on the markets and what may come in June/JulySPY reached 90% of the down move from the top today, and that could be significant if we completed a larger B wave. Gold lost it's balance and probably goes lower. Oil is breaking up, as of now looks bullish. BTC had a nice pump but I think it will go lower.
SPY/QQQ Plan Your Trade For 6-6 : Inside-Breakaway Counter-TrendToday's pattern suggests the markets may attempt a Counter-trend type of Inside Breakaway pattern.
I read this as a downward price trend (counter to the current upward price trend).
The markets seem to have bounced overnight - prompting a potentially strong opening price level.
If my Inside-Breakaway shows up today, things could get very interesting if a breakdown in price sets up.
Many of you know I've been expecting a broader market breakdown to take place - sending the SPY/QQQ down about 7% to 13% or more.
It hasn't happened yet and the SPY/QQQ continue to try to push a bit higher - but, until we break to new highs, the breakdown event is still possible.
Let's see how things play out today. Platinum is showing that the global markets are entering an extreme speculative phase (very similar to 2000-2008). Transports are stalling, showing the US economy is expected to weaken over the next 3+ months.
Imagine that. Speculation is ramping up while the US market may move into a recession in H2:2025. Wow.
We certainly live in interesting times.
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
SPY in Wave 5This week I am expecting a final rally to 608 to finish wave 5. SPY broke above 595.50 resistance today, but with RSI at incredibly high levels on the 1HR chart I am anticipating a minor pullback tomorrow and the final push up to occur Thursday and Friday. Jobless claims are released Thursday and unemployment rate released on Friday. These are the two major data points coming out this week that will likely drive the market upward to finish this final wave up. For the remainder of the month, I am looking for major selling to begin and will likely lead us down to the 530 gap fill.
Cheers
S&P 500 in EUR - SHORT- in 15 days timeline
- broke the trendline that comes from 2020 to the downside
- retested and could not go above
- may try again and if fails again, then 25% correction likely
Spy Road To $600 🔥 SPY Price Thesis – Breakout or Breakdown Setup
SPY is setting up for a potential breakout above the $595 extension level, with upside to $602–$608. However, $582 remains a key support. A break below $582 could trigger a momentum flush to $567.
Level
🔵 $595.60 – Fib Extension (161.8%) from the March → April swing High-probability breakout trigger
🟢 $602.40 – $608.20 – Fib 200% and exhaustion zone from the same swing Final extension if bullish momentum sustains
🟡 $582.00 – Institutional VWAP reaccumulation zone Strong demand/support
🔴 $567.40 – Prior weekly pivot low + anchored VWAP bounce level Breakdown target if $582 fails
Trend Signal: Bullish bias confirmed — Higher Highs + EMA Cloud still pointing up
Momentum: MACD Histogram turning back up, crossover brewing
Volume: Above average on green days; no true distribution yet
Supertrend Zone: Still green on 4H and 1D
Custom Signal Confluence Score: > 75% (Strong Buy Zone aligning above $588)
🔁 Fibonacci Analysis
Measured from April swing low (~$505) to May high (~$573):
🔹 161.8% = $595.60
🔹 200% = $602.40
🔹 261.8% = $608.20 (max extension target)
📉 On Breakdown:
From $573 high to $558 retracement low:
0.618 retrace = $582.00 ← Current support zone
Full retrace & bear trap zone = $567.40
Smart Money Strategy:
Above $595: Long breakout entries (Calls, zero DTE)
Below $582: Hedge with Puts or inverse ETF
Key Catalyst Triggers: Jobs data, CPI, or Fed commentary could force the move
As Always Safe Trades and JoeWtrades
$SPY Leaning Bearish: Dipping out of Rising Pennant Looking at Key Ranges, Pivot Points, and MA's on multiple timeframes with the sum leaning more bearish for me.
Feel free to give your thoughts/perspectives!
SPY/QQQ Plan Your Trade For 6-5 : Inside BreakawayToday's SPY Cycle Pattern is an Inside Breakaway pattern - which indicates the markets want to try to break away from the sideways range I've been sharing with you.
Gold and Silver are making a very big move higher this morning - which may be indicative of some crisis or military conflict move throughout the world.
I see this move in Metals as a bit of a warning to the global markets. Metals hedge global risk levels. A rise in metals suggests traders fear some crisis event and are banking on Silver/Gold as an efficient hedge.
BTCUSD is still trading within the sideways channel as well. I see BTCUSD less as a hedge and more as a technology/Block-chain asset. No matter how you slice it, BTCUSD is not really an alternate currency, it is a Technology asset.
We could see some big moves over the next 2-5+ days because of how the markets are setting up and how Gold/Silver are reacting.
Buckle Up.
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
Short - SPYPrice testing the neckline - yellow line at ~$588.20
Elliot Wave 12345 ABC: Wave 5 completed. Expect for Wave A
Support line to enter put: ~$582.15
Put option expiration 5/23/25 or 5/27/25
PT1: ~$569.20
PT2: ~555.80
Nightly $SPY / $SPX Scenarios for June 6, 2025 🔮 Nightly AMEX:SPY / SP:SPX Scenarios for June 6, 2025 🔮
🌍 Market-Moving News 🌍
🇺🇸 U.S. Labor Market in Focus
Investors are closely watching the upcoming May employment report, which is expected to show a gain of 125,000 jobs, down from 177,000 in April. The unemployment rate is anticipated to remain steady at 4.2%. These figures will provide insights into the labor market's response to recent economic pressures, including tariff impacts .
🇮🇳 RBI Expected to Cut Rates Amid Low Inflation
The Reserve Bank of India (RBI) is anticipated to announce a 25 basis point cut in the repo rate on June 6, marking the third consecutive reduction. This move aims to support economic growth amid persistent low inflation and global uncertainties .
📊 Key Data Releases 📊
📅 Friday, June 6:
8:30 AM ET – U.S. Employment Report (May):
Analysts expect non-farm payrolls to increase by 125,000, with the unemployment rate holding at 4.2%. Average hourly earnings are projected to rise by 0.3% month-over-month. These figures will be critical in assessing the health of the labor market and potential Federal Reserve policy actions .
3:00 PM ET – U.S. Consumer Credit (April):
The Federal Reserve will release data on consumer credit, with forecasts predicting an increase of $10 billion. This report will shed light on consumer borrowing trends and financial health .
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Opening (IRA): SPY August 15th 502 Short Put... for a 5.10 credit.
Comments: Adding at a strike better than what I currently have on in August at the 535 strike, targeting the <16 delta paying around 1% of the strike price in credit.
SPY Major Confluence ZoneSPY has a major upside confluence zone around 625
Looking for a test of this area in the coming weeks.
The level is about 5% away.
Let the melt up begin.
SPY 1HR Pullback to Volume Buy Zone Before Bullish ContinuationI’m watching the 588.52–589.94 range as a high-probability buy zone on the SPY 1-hour chart. This zone aligns with a strong volume shelf, indicating prior institutional accumulation and heavy transaction flow.
After a sharp move into the 591s, we’re seeing some hesitation and potential for a healthy pullback. The plan is to wait for price action to return to the buy zone, show signs of strength (e.g., hammer candle, strong bounce), and look for a continuation toward the previous high of 593.46 and possibly higher.
🔹 Buy Zone: 588.52–589.94
🔹 Volume Profile Support: High node at ~589
🔹 Resistance: 591.12 short-term, then 593.46
🔹 Stop Loss: Below 586.76 to avoid false breakouts
🔹 Target: 593.50+ with higher timeframe continuation in mind
