Support and Resistance Es,SPX, NQSupport and Resistance
Back to Basics : and understanding the tool to interpret price action can get you small wins on a daily basis.
Here are a few examples how to use it in today price action.
Especially when all three markets are in alignment.
Is that simple!
Stay Frosty!
Nq!
Market Update - BTC, ETH, NQ, SPX, DXYMonday Market Update:
Bitcoin continues in its high range as ETH starts to regain some important levels after doing a deep drive down and retest. TradFi indices are still holding levels as the DXY retests its yearly open, completing a 3 drive to the downside.
The expectation is that markets will continue unless local structure is broken on the TradFi Indices in which case a strong dump to fill volume gaps is likely.
Bitcoin is continuing to squeeze to the upside and until major levels are broken such as $35k there is no expectation of market retracement. This upside bias will change immediately if $35k is lost and bearishly retested.
NASDAQ Friday13th Oct-2023:Analysis Should I Buy or Sell?TargetsAllright guyz
Please watch also my other last 3 videos,that will mention the way I trade- And hopefully it is benfical for you too.
Indices are dropping like I said days ago, Banking crisis and Middle East conflict threathenning.
Trading is a decision game, and sometimes taing decisions are really hard...
But there are ways how to create your full potential and prepare for the next weeks...
Thanks to all my followers, also new followers, an those who share their thoughts here and discuss in Respect.
Have a good weekend
Dissecting SPY Price trends With Fibonacci Price TheoryHave you ever wanted to learn the one technique you can use on any chart, any interval, or any technical or price set up to help you become a better trader?
Let me show you the basics of Fibonacci Price Theory and how to use it.
Price is always seeking new highs or new lows - ALWAYS.
You'll hear others talking about price filling voids or moving through accumulation/distribution phases - which is all true. Price moves through these support/resistance levels or quickly through price voids to reach new highs or lows. This is all part of Fibonacci Price Theory.
When you learn to understand various intervals using this technique (Weekly, Daily, 30 Min, or others), you'll quickly be able to identify short-term, long-term, and intra-day trends like a pro.
It is not about catching every trend reversal/setup. This technique is about teaching you to stay on the right side of trend and to target the Sweet Spot in the middle of breakaway/breakdown trends.
Follow my research. Learn how I can help you become a better trader.
SPY Cycle Patterns CRUSH Day Leads Bearish TrendingMy proprietary SPY Cycle Patterns are an advanced predictive modeling system based on Fibonacci, Gann, and price cycles.
The most incredible thing about these patterns is they predict future price action/trends many days, weeks, and months in advance - very accurately.
The accuracy ratio of the SPY Cycle Patterns is usually about 85 to 90%. There are times when it is wrong.
My proprietary research suggests we have entered a very dangerous new crisis phase. The SPY will likely target $404 or lower (possibly $393).
I'm posting this short video to help you prepare for what comes next.
Follow my research.
Weekly Plan NQ Futures Week Of 9-2409/25 Weekly Plan. NQ Futures December ESZ2023.
Weekly Pivot is 14,988
Targets
15,151 9/20 gap top
15,361 last week's vpoc
15,514 prior 5D balance half back
Targets
14,816 250% extension of 5D balance break down
14,628 300% extension of 5D balance break down
15,526 6/8 gap bottom
Now trading at 14,880 NQZ
Alerts
You will receive alerts in this channel every time NQ hits (2M candle close):
Weekly opening 14,880.
Weekly pivot at 14,98.
Each weekly target.
Side notes:
Prior day balance zone is H15,714, HB15,535, L15,352
When trading off weekly levels, each level will act as support and resistance, “no trade zones” do not apply to weekly plan.
Learn To Trade Breakout/Flags More Efficiently - Part IIn my first tutorial, I tried to show how price channels can be used to identify and validate strong trade setups. Additionally, I attempted to show you how to identify better trade setups from what I consider invalid trade setups.
Understanding and maintaining at least a 2:1 Reward-to-risk factor for any trade you consider taking is essential. Secondly, it is essential to understand and use proper allocation levels for trades.
The simple way to understand allocation levels is to focus on the RISK amount. If your trade risks $5 per share and you can't afford to risk $500 on this trade, then you should NOT attempt to trade 100 shares of this stock.
Set your risk level based on how much you intend to risk for the trade - nothing more.
If you can only risk $250, then you would only trade 50 shares.
If you can only risk $125, then you would only trade 25 shares.
Learning to find and identify proper trade setups on Daily and Weekly charts is critical for success in the long run. I firmly believe price tells us everything we need to know about a chart, and indicators reflect price.
As you continue to learn some of the techniques I use in various price chart setups, I hope you can refine your techniques to become better traders.
I will likely create a PART II and PART III version of these types of advanced trade setups.
Hope you enjoy.
Tuesday, August 22 Market Update - BTC, ETH, DXY, SPX, NQGeneral Market update focusing on Bitcoin.
Bitcoin breakdown is still not being supported with significant spot buying as the March dump was, overall volume is low. ETH looks much worse however has the ability to gain some local levels and move higher. Both BTC and ETH are ranging and building liquidity.
The SP500 and the Nasdaq are still rallying and have the ability to regain significant levels, however, higher timeframe they are both overdue for a retracement. Locally they are having an upside bounce but generally and higher timeframe they are still having a retracement.
The Dollar Currency Index is still strong continuing it's rally from mid July. the DXY is generally looked at as having inverse correlation to TradFi and Crypto with both experiencing highs as DXY made its mid July lows. The DXY is currently at resistance from the Yearly Open and any gain of that could indicate further downside.
Market Update - BTC, BTC1!, ETH, SP, NQ, DXYQuick market update focusing on Bitcoin and covering BTC CME Futures, ETH, SP, NQ, and DXY.
Effectively Bitcoin is still holding the $30k support and trend does remain to the upside, with major news events starting Wednesday with inflation data, we are expecting an increase in volume/volatility. Overall we did breakdown from the range high but until the $30k support is lost and bearishly retested the overall trend remains to the upside.
TradFi is also holding its ranges continuing the rally, until higher timeframe structure is lost the expectation is that the upside trend will continue until proven otherwise.
Generally we have hedged off BTC longs with some shorts from $31.2k and higher, we are still net long but have taken some profit in the upside of the range last week as a precaution. The play is the range until proven otherwise.
Psychology of Price Action Analysis | NASDAQ and ES Futures- NASDAQ and ES futures confirmed a hourly downtrend i want to see it confirm on market cash open on QQQ and SPY to be more convincing
- the size of this pull back will determine if we can short a daily lower high if its a shallow pull back then bulls are still in completely control
How to Day Trade or Swing Trade S&P500 Futures No IndicatorsHey Traders,
So over the years I bout alot of courses about trading the markets. In one course I took I learned about a reversal strategy using candlesticks on daily charts. Although in the past I didn't consider myself a Day Trader I found this strategy to be appealing for it using the Stock Index futures. So now I sometimes do day trade the market if I get the right setup. The good thing about his strategy is that you only need to check the market once a day to see if there is a setup. Then you just place your stop orders and limit orders according to your risk management or you can also use options.
Enjoy!
Trade Well,
Clifford
SPY Daily Modeling turns BEARISH (RISK-OFF). PAY ATTENTIONMy advanced modeling and TV scripts recently turned BEARISH on the Daily SPY.
This means the markets have moved into a RISK-OFF mode - likely preparing for additional downside trending.
While the Weekly modeling continues to stay BULLISH, I'm writing this update to warn my followers that both the Rotational Modeling and the TT-3MACD strategies have turned BEARISH on the SPY.
My US real Estate Modeling shows an incredible bout of price weakness, seller desperation, and broad SHOCK taking place for US Real Estate.
This combined Real Estate and US stock market shock could lead to an incredible downside price trend if a credit/banking collapse unfolds (much like 2008-09).
You have been warned.
Follow my research. Move a good chunk of your capital away from risks. This is now a much more violent market event that could unfold in the near future.
The Fed MUST address the extended price collapse that is currently gripping the US/Global markets.
Things could turn UGLY very quickly if finance/banking/credit seizes up.
Follow my research.
MENT SPY DayTrader Page Update (2-22-23)I've been working on the TT-3MACD PineScript update for about 4+ days.
It seems every time I make a breakthrough, there is more to attempt to build into it.
PineScipt seems pretty cool so far. Documentation is great - but it is a process of learning how the engine processes things.
My goal is to build a TEACHABLE solution for my followers - allowing them to make their own decisions based on my research and other strategies.
Ideally - it is about teaching others when and how to trust their own intuitions.
This video update shows you the FOUR components of my strategy so far:
- The TT-3MACD Strategy (including entries/targets/reversals) - Running on a Heiken-Ashi chart
- The Standard Candlestick chart - running the Linear Regression tool
- The 3D Wave indicator
- The Donchian Ribbon Indicator.
Using these in combination with Fibonacci price theory (Higher Highs/Lows in an UPTREND - Lower Highs/Lows in a DOWNTREND) - should be just about everything any SPY Daytrader could want to learn to get started.
It really is THIS SIMPLE.
The only other thing you need to learn is position sizing techniques. In other words, when to be more aggressive and when to be patient (trading smaller position sizes).
Follow my research and let's see if we can get all of my followers into a better place to start profiting from SPY price swings.
I will post another update/video when I publish the MENT TT-3MACD strategy for all to use.
The opposite Side Of A Wave-5 Rally - Plan BI received a question from someone watching my videos/research. The question was, "what is the downside risk for the markets if my bullish resolution fails".
So, I created this video.
This explains why the downside risks appear to be less than 35% right now compared to a 65% to 75% upside price resolution.
Still, using Elliot Wave, we can't be 100% confident in the true future of price structure or wave structure. All we can rely upon is Fibonacci Price Theory which tells us if price is currently Bullish or Bearish.
Right now, on this weekly chart, Fibonacci Price Theory suggests a bullish price trend is in place and recent Unique Low levels are the final defense of support (near $348).
Follow along to better understand how I see/use Fibonacci Price Theory in all of my research as a method of letting price tell me what to expect in the future.
The one other thing I would like to add is all previous market collapse events have aligned with cataclysmic economic events (9/11, Global Banking Crisis, Foreign Economic Crisis, Isolated Credit Risks).
Without some cataclysmic economic event happening, it is very unlikely that US markets would contract extensively without some impulse event. So keep that in mind as we move forward.
Follow my research.
SPY Cycle Patterns: Resolving volatility into March 2023This example video will help you understand how I use my predictive SPY Cycle Patterns in combination with traditional TA (Fibonacci and others) to prepare/plan for GAPS, trends, and opportunities for trading through the week.
I'm a strong believer that you don't need to trade every minor trend. Taking 2~4 good trades a week across one or two symbols is all that is required to be able to generate 50% to 100% profit every week (using options).
Just last week one of my friends used my SPY Cycle Patterns (and his own skills) to make over 700% ROI. It does happen.
Watch this video. Next week will be very volatile in my opinion. Once we clear the upper resistance level, we should continue to trend up to $435 or higher.
The burst of volatility will likely make for great trade setups - if you know what you are doing.
Follow my research.
SPY Example Setup For DaytradersHere is an example dual-chart setup for SPY daytraders.
I set this up to help my followers understand how to perceive price action as we attempt to transition through the $405 SPY Support level.
If my analysis is correct, we'll see a fairly strong reversion (upside) price trend as long as the $404~405 level holds.
This chart includes a number of TradingView PUBLIC SCRIPTS and a dual-chart layout.
Both Heiken-Ashi and traditional Candlestick charts are used.
Learn to better TIME/ENTER your trades and learn to use price structure/Fibonacci retracements to develop target levels.
Follow my research.
2/16 SPY Cycle Patterns, Fib, Flagging - Volatility into a RALLYAre you following my SPY Cycle Patterns yet?
If not, here is a list of the SPY Cycle Patterns for this week and beyond...
2/6/2023
2/7/2023 Inside-Breakaway
2/8/2023 Harami-Inside
2/9/2023 CRUSH
2/10/2023 GAP Potential
2/11/2023 GAP Potential
2/12/2023 GAP-Reversal
2/13/2023 Rotation
2/14/2023 Top/Resistance21
2/15/2023 Consol-210
2/16/2023 Inside-Breakaway
2/17/2023 Break-Away
2/18/2023 Carryover
2/19/2023 CRUSH
2/20/2023 Flat-Down
2/21/2023 POP
2/22/2023
2/23/2023 BaseRally301
2/24/2023 Harami-Inside
2/25/2023 CRUSH
2/26/2023 Bottom-004
Why are these so important? Because these SPY Cycle patterns help you understand how to trade intraday price swings and what to expect every day - going out weeks and months in advance of today's trading activity.
See the "BaseRally301" on 2/23 - that means the SPY should attempt to setup a base/bottom within the 48 hours spanning 2/23.
See the 2/25 CRUSH leading to the 2/26 BOTTOM - that means the SPY may be extremely volatile while attempting to setup/confirm the 2/23 bottom
Today and tomorrow are calling for an Inside-Breakaway & a Breakaway. My research suggests we may see a broader downside price trend establishing a Wave-D Flagging setup (near $405) in the SPY before we move into the Rally/Bottom phase near 2/23.
Watch my video and learn how you can use my research to become a better intraday/swing trader.
Stay cautious of a PEAK/TOP in the markets today.My SPY Cycle Patterns suggest the markets will establish a PEAK/TOP today - then trend downward.
I created this video to help my followers stay aware of the short-term nature of price in a reactionary price trend - like today.
If you are chasing this rally, stay very cautious of risks related to my SPY cycle patterns. Overall, I expect the markets to peak, stall, then trend downward over the next 48 hours.
Take quick trades with targeted profit targets. This is not a friendly market uptrend in my opinion.
I believe the $408 level is a likely downside price target for the SPY by Thursday.
Follow my research
Using Fibonacci Price Theory To PROTECT Your TradesProtecting Your Trades With Fibonacci Price Theory.
Learn to understand the BELTLINE range (50%) and why it is so important for structuring your trades for profit.
Not all trades will be successful - plan for FAILURE.
Planning for FAILURE = Long-Term SUCCESS.
Follow my research.
The rabbit-hole of knowledge I've amassed over the past 25+ years is deep. I could go on and on about different strategies, theories, concepts, and indicators.
What I've learned is...
KISS - Keep It Simple Stupid!
_ The IDIOT SYSTEM is often the best for new traders.
_ Use Multi-timeframes to confirm price trend/direction.
_ Use PRICE STRUCTURE as the core of all of your research.
Hope these help everyone out.
Pay Attention.
Part 2 - Fibonacci Price Theory on SPY 60 Min (Deeper we go)After 25+ years of research, study, and application of some of the most incredible trading strategies - I'm sharing one of the MOST IMPORTANT structural price theories with all of you...
The Fibonacci Price Theory.
The primary rule of the Fibonacci Price Theory is:
Price is ALWAYS seeking NEW HIGHS or NEW LOWS. Price is never NOT attempting to reach NEW HIGHS or NEW LOWS.
Let that sink in for a minute.
If you knew price was always attempting to establish a trend, or continue a trend.. how would that change your trading/investing tactics?
What if I showed you how I use Fibonacci Price Theory? And how YOU can use it to further your own trading skills?
Here you go, A 60 minute SPY chart where I'm applying the basics of Fibonacci Price Theory to the current market price rally.
If you've ever wanted to learn the TRUE CONSTRUCT of price - this is it.
All other technical analysis techniques (Elliot Wave, Indicators, & others) are constructed from PRICE.
Price is the Ultimate Indicator.
Pay attention and follow my research.