📈 SPY Trade Setup – Key Reclaim or Rejection at $510.27 🔥 Ticker: SPY Timeframe: 1H Setup Date: April 7, 2025 🧠 Idea Summary: SPY has recently bounced from oversold conditions and is approaching a critical level at $510.27, which is the 6-month low. Price action at this level could dictate the next major move. Here's how I’m planning this setup: 🟢 Scenario 1:...
This chart presents a macro view of SPDR S&P 500 ETF (SPY) on a bi-weekly timeframe, highlighting key market cycle corrections and potential upcoming trends. Key Observations: 🔴 Trendline Support: The price action has consistently respected a long-term ascending trendline, with previous corrections bouncing off similar levels. 📉 Historical Market Corrections:...
📉 Overview: The S&P 500 ETF (SPY) has broken through a key support level with strong downward momentum. This bearish move suggests further downside potential, with key targets identified below. 🔍 Technical Analysis: Price has decisively broken below a key support zone with strong momentum, indicating a potential continuation to the downside. 1st Target:...
🚨 Disclaimer: I'm just a lunatic with a keyboard. This is NOT financial advice. 🚨 Trade at your own risk, and always use protection (stop losses, people). Overview Bitcoin is on a rampage, but I believe the party might be coming to an end (for now). Based on historical cycles, technical structures, and my sixth sense for market chaos, we might be looking at a...
Trading Idea for NFLX (Netflix, Inc.) Based on the 4-hour chart, Netflix appears to be experiencing a downside momentum. The price has been consistently testing lower levels and is currently trading below the short-term moving averages. The key support levels to watch are the Previous Month Mid of 640.36 and the Previous Quarter Mid of 616.11. Path of Least...
My trading approach is centered around price action, focusing primarily on the range of previous candles rather than relying on complex technical indicators. I believe that the price itself tells the most important story, and analyzing the behavior around key levels, such as previous highs, lows, and midpoints, gives me the clearest insight into future...