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SPX (S&P 500 Index)

SPY/QQQ Plan Your Trade For 7-24 - Harami~Temp BottomGood morning all, Boy, my friendly group of traders was reviewing the TSLA and GOOG data last night for any signs of weakness or strength. The earnings data did not settle well with traders, and the markets were a bit lower this morning. But, simultaneously, I'm trying to tell my followers to let the dust settle after yesterday's data. I was taught "it is a market of stocks - not a stock market". Don't think of it as a single unit - it is multiple (thousands) of stocks competing for your investment dollar. And, as I'm still reading the data, I believe the US stock market is healthy and efficient in terms of earning power and future expectations. Because of my expectations, I'm urging my followers to consider something somewhat unique. Today's SPY Cycle Patterns should be a Harami pattern, but tomorrow's is a Temp-Bottom. I suspect the Temp-Bottom pattern may blend in with the Harami pattern today - setting up a very clean type of double-bottom or price base for the SPY/QQQ. My data suggests we are moving into a reflation/recovery phase (higher), but the news/data (earnings) has shifted price action to the downside. The base/bottom is playing out today and tomorrow as the price attempts to find/bounce off support. We'll see how today plays out. Please pay attention to my warning related to today's downward price trends. There is a lower gap that could get filled on a deeper downward price trend - but I'm looking for new or recent lows to set up a Base/bottom today. Then, I expect solid reflation/upward price trending over the next 5~10+ trading days.
AMEX:SPYLong
by BradMatheny
6
SPY/QQQ Plan Your Trade 7-23 EOD Wrap-up - Tomorrow's HaramiToday's Flat-Down pattern could not have played out any better. My SPY Cycle Patterns predicted today would reflect a moderately flat trading range that drifted downward - sure enough, that's precisely what we saw today on the SPY. Now, we move into tomorrow's Harami pattern. Although we may see a broad price high or low (price volatility), we are nearing the APEX of a moderate price FLAG pattern. Price can become very volatile near these areas as price attempt to break away from a tighter price channel. I expect the open-close range to stay very narrow tomorrow. The high/low range may be bigger than today's total candle range, but ultimately, I think tomorrow's open-close range will be very tight and narrow, possibly setting up a Doji-type candle. In the broader sense of the SPY Cycle Pattern trends, we are moving into a basing/bottoming setup that should resolve to the upside on Thursday/Friday. So be aware that the recent lows may be a great opportunity to setup for the Thursday/Friday base/bottom SPY patterns. I know many of you are relying on these patterns, and I started this to prove that my technology works and can provide greater insight for traders. Now, I have to decide whether to continue doing this or take a break. I have enjoyed teaching my techniques and systems to everyone, and I love the comments. However, I also want to protect my technology and resources. So, I would love to hear from you guys. Do you want more of this? Do you want me to continue this for another few weeks? Let me know what you guys think. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY/QQQ Plan Your Trade - MENT Pressure System: Building SuccessHave you seen my Plan Your Trade videos yet? Maybe you should take a break and watch a few of them. Part of my effort to help traders involves building a new Pressure System - designed to deploy some of my favorite Fibonacci price constructs and the latest tools. One of the new tools I've been working on is the MENT Pressure System. I would like to make it adaptive (self-adapting to price trends/rotation), but that may take another 10+ days of work. I just completed an update in which the Pressure system is applied to Bollinger Bands to help traders develop trigger confirmation and find better trade triggers. My belief is that using my SPY Cycle Patterns along with something like this new Pressure System should provide a clear advantage for day traders and swing traders. When I suggest the SPY Cycle Patterns are Basing/Bottoming (like I've been suggesting since late Thursday (7-18) and into Friday (7-19), traders need to understand I'm hinting that price is transitioning into a basing/bottoming phase - looking to shift back into a bullish price structure. Ultimately, I would love it if traders could use my SPY Cycle Patterns and my MENT Pressure System to pick the best trades (staying away from count-trend trades and learning to trade what I call "the Sweet Spot." I welcome any feedback you may have after watching this video. It is a lot of fun to receive your comments and suggestions. Together, I hope to build as many followers as possible and help as many traders as possible. Let's GET SOME. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPx / BREAKOUT, Pivot ZoneS&P 500 Analysis: Reached to the breakout zone The price dropped and reached the breakout zone between 5550 and 5525, to confirm the right direction should close 4h candle above or below it. Bullish Scenario: The bullish trend will be activated by stabilizing above 5550 to get 5580 and above 5585 will get 5620. Bearish Scenario: For a downtrend, the price will touch 5525 and then should stabilize under 5525 to be downtrend till 5491 Key Levels: - Pivot Line: 5550 - Resistance Levels: 5580, 5620, 5640 - Support Levels: 5525, 5491, 5460 Today's Expected Trading Range: The expected trading range is between the resistance at 5585 and the support at 5460.
OANDA:SPX500USD
by SroshMayi
SPY/QQQ Plan Your Trade - 7-23 - Price Consolidates Before RallyGood morning, This is the Plan Your Trade video for July 23, 2024. Please watch this video to learn why you may want to consider the next 36+ hours as a STAY AWAY type of trading range. The SPY Cycle Patterns suggest the price will consolidate today (23) and tomorrow (24) before attempting to move into a solid Rally phase on the 25. I believe the next 36 hours should only be played by skilled day traders. When the price stays choppy and in a very tight range, there is minimal opportunity to catch moderate swing trades. Remember, any price move below 554 on the SPY chart will likely be rejected higher - setting up multiple base/bottom levels over the next 36 to 48 hours. Those moves below 554 may become solid entry levels for my expected Bullish rally phase on the 25th and beyond. This is one of those lessons where the patterns show very tight price ranges over the next two days. That reflects a minimal opportunity for day traders. But remember, we are basing/bottoming ahead of the 25th+ rally phase. So, this still presents an excellent opportunity to plan/prepare/execute a broader trading plan.
AMEX:SPYLong
by BradMatheny
2024-07-22 - priceactiontds - daily update - sp500Good Evening and I hope you are well. comment: Not too much to add after the dax analysis. 50% pb for sp500 is 5632, so market has some room higher. Daily 20ema is around 5600 and I do think the odds of the market turning down again to test the lows or make lower lows, is higher than going above 5630. current market cycle: Trading range until 5500 is clearly broken. But bubble has popped and is now deflating. Enjoy the ride down. key levels: 5540 - 5620 bull case: Bulls want at least the 50% pb and as long as they stay above the bull trend line 5575ish, their bull case is valid. One market broke above the 1h 20ema, it could not get a close below it and that’s strength by the bulls. They need follow through tomorrow and probably some force to get above 5632. That price is the 50% pb and also the breakout price, so two good reasons to go there again. Invalidation is below 5600. bear case: Bears need a proper channel for more downside, so they stepped aside enough today for bulls to get a bounce. Their target now is to stay below 5632 and not let the bulls gain too much hope again. No deeper analysis today, please see my weekly post. Invalidation is above 5660. short term: Neutral until market found the lower high and trades back down. Should be around 5630. If the minor bull trend line is broken, bearish to 5500 and below 5500 is hell. medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. Will update this time and price wise over the weekend but I expect to at least see 5000 over the next months in 2024. —updated weeks to months. current swing trade: Short 5700. Will also hold this until Tesla goes bankrupt or Cathy closes her trashcan of a “fund”. trade of the day: Bulls made more money today. Buying anywhere near the minor bull trend line or at the 15m 20ema was good enough. Buying bar 45 or latest 47 was a very good trade.
CME_MINI:MES1!
by priceactiontds
SPY/QQQ Plan Your Trade For 7-22 - Making Your Own DecisionsMorning again, This morning, I received many questions from subscribers and other members asking, "What should I do?" Should I buy, wait, or what? I won't tell you guys what to do every 10 minutes. I deliver this research, the SPY Cycle Patterns, and other content to help you make better trading decisions. I put together this video to better explain my expectations about the morning rally and subsequent pullback. This is very important because my job is not to tell you when to trade and what to do. My job is to teach you the skills to make your own decisions. Honestly, if you don't know what you want to do regarding trades, don't take any trades at all. Wait it out a bit. I know all of you want to know what's going on in my head, but it is illegal and unethical for me to tell you what you should do regarding trading. I deliver the most precise content I can - ensuring you see and understand what I believe is likely to happen. From there - you make all the decisions. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
SPY/QQQ Plan Your Trade - 7-22 - Pressure System ImprovementsThis is a short video showing you the progress I'm making on the MENT Pressure System for daytraders. When I started this project, I was looking for a way to help daytraders understand trending, pullbacks, targets, and moderate price rotation. I knew some of the techniques I use could help, but I wanted to create a visual solution to allow traders to SEE the opportunities, trends, and other setups. So, I decided to try to create my own solution. After about 4+ days of coding and playing with PineScript (only putting about 1~2 hours a day into the project) - this is the current project and how it works. The one thing I'm very pleased with is the Fibonacci Price Theory module. It does almost everything I wanted it to do right now. Currently, I'm working on better identification of triggers, targets, pullback "Air" and other features. I just wanted to show it off a bit and to highlight the new Adaptive MA system - which I think will help identify the missing components. I welcome your feedback. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!
by BradMatheny
SPY/QQQ Plan Your Trae For 7-22 - Topping PatternGood morning, I hope all of you had a wonderful weekend. Today, we start the trading week with a Topping pattern on my SPY Cycle Patterns. That means we should see the SPY/QQQ rally higher, attempt to find a resistance/peak price level, and then roll downward (moving away from that resistance area). Over the past four weeks, I've been amazed at the accuracy of my SPY Cycle Patterns. Can you believe I've been able to predict more than twenty trading days into the future—calling rallies, selloffs, tops, bottoms, and congestion periods almost perfectly? Sometimes I get the "well, you were wrong about WHATEVER" type of comments from viewers. I may have been wrong about one or two things in my expectations related to how price would move, react, or trend. But, I challenge anyone to attempt to accurately predict 3+ weeks of future price trends, action, direction, or expectations as I do. If you think you can do any better than what I'm doing - go ahead and give it a try. Let me know how it works out for you. Again, I'm not suggesting my SPY Cycle Patterns are 100% accurate, but I've never seen any other technology or AI like it. Nothing on the planet can predict the SPY/QQQ future price moves like my SPY Cycle Patterns and my own skills applied to interpreting them to reflect accurate future expectations. We have one more week to go with the SPY Cycle Patterns, and then I have to decide if I want to continue giving this away or not. Hearing all the great comments has been fun, but I want traders to understand this is a premium solution. This is not the average comment/suggestion you get from someone else. In my opinion, and you can make this decision on your own, this proven technology appears to work better than anything else I've ever seen. There is no place where you can see 2~3 weeks into the future for the SPY/QQQ and have any confidence in the data presented. Get ready. We have 2~3 days of basing/consolidation before we shift into a moderately strong bullish breakout/rally phase near the 24~25 of July. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
S&P 500 ATH in Q1 on even yearsIn every even year S&P 500 reaches its ATH in Q1, which is followed by rapid and deep decline. Why can it crash? Look how similar S&P 500 behaviour between May 1986-December 1987 and October 2022-February 2024. The 1987 crash started on the way from 1.414 to 1.618 fibo. If the S&P 500 hasn't already topped on Feb 2 with a value of 4975, then the price range between the Fibonacci levels of 1.414 (5025) and 1.618 (5235) is the potential topping zone. From February 2 to mid-March, the peak is expected to occur. I'm not saying we will definitely crash, but a significant downward movement is anticipated soon. Basic scenario bottom: 4250-4500 Mid March - Mid May Crash scenario bottom: 3500-4250 Mid March - Mid May
SP:SPX
by nicktrd
SPY/QQQ Plan Your Trade 7-20 - PineScript Project FeedbackI've been playing with this little project for about 7 hours now (off and on). Pinescript is fun once you get the hang of the syntax and how it expects objects/booleans for most of the conditionals. Overall, I think this project is moving along nicely, but I wanted some feedback on the visuals. I'm trying to create something that will help daytraders see and understand broad trends arising from shorter-term price swings. I get a lot of questions related to how/when to identify key market price reversals - so I'm trying to develop a way to help traders understand and see where opportunities exist for better trades. Watch this video and let me know if you see anything I can do to improve the visuals or color controls. I want this to SHINE so people fall in love with it. Thank you. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYEducation
by BradMatheny
3
SPY/QQQ Plan Your Trade - Building Solutions For Better TradersTo help as many traders as possible, I took on the task of trying to build a Daytrading Pressure monitoring system to identify better trends, pullbacks, and swing trade setups. This example video was created after only about 5 hours of work on the script (debugging/testing), and I still have about 6+ more days of development before this script may be ready for public use, but... Look at the results I've been able to achieve so far. My work trying to recreate my Fibonacci Price Theory concepts is proving very valuable. I've created three unique FPT constructs (Standout, Unique, Ultimate), and I believe teaching this concept will greatly improve trading results for many people. Next, I will work on my Pressure Indicator (near the bottom). Right now, it only reflects 3-bar rotations in pressure. I want it to be adaptive and dynamic, so I have some work cut out for me over the next 6+ days. Ultimately, this tool (and others) could help thousands of traders better understand FPT and the scope of price moves at various intervals. I aim to create a PineScript tool/utility to significantly improve traders' overall results. I welcome any feedback you may have at this stage of development. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY/QQQ Plan Your Trade 7-19 EOD WrapUp - Learning A vs. BWhat an incredible week for all of us! The big price swings early in the week banked some big success with my SPY Cycle Patterns. Today, the bearish exhaustion pattern was much tougher to read/play for some—and that could have been my fault. I want to review something I try to clarify in my videos - the A (Success) vs. B (Failure) concept. I learned this from a Prop trader in the North East a long time ago. He called it "Failure To Succeed vs. Failure To Fail". It is much easier to call it Success or Failure (IMO). My research/content is based on a simple A vs B structure. Either my expectations will be correct (A), or they will fail (B). I want you to be able to make skilled decisions based on the content, pattern, directions, and expectations I deliver in my videos. As I tell many clients, "I do the research - you make the decisions." This video will highlight WHY I never took a trade today. My expectations continued to FAIL all day long. Sometimes that happens. There are more trading opportunities next week - right? No worries. If you have time, please review some of my recent videos to identify the A vs B content/structures I present. I want all of you to gain success using my tools/research. Part of that is learning how I view the markets/trends. The A vs. B structure is very important to learn - because all of my research is based on this simple technique (and a lot of Fibonacci Price Theory, which is also included in this video). Stay safe this weekend. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
SPY/QQQ Plan Your Trade For 7-19 - Bearish Exhaustion??Where's the Bearish Price Exhaustion pattern I predicted? Why is price waffling downward? I thought we would see a bigger upward price reversion setup. Yea - I know. I thought we would see a bigger upward price reversion in early trading, too. This is how things go with the markets. You can't force them to do anything. You have to be prepared to make the best of whatever the situation is right now. I was asked recently if I thought buying a few Call options near today's lows was a good idea (related to next week's potential rally setups). Although I won't tell anyone what to do with their trading account - statistically, starting a small "anchor position" relative to price expectations 5 to 15+ days out is not a bad idea. I do that with my swing trades often. If I think something is going to move, but I don't have confirmation of any future price moves on my charts, I may start by buying 5~10 shares as an "Anchor Position" to remind me to keep an eye on it in the future. I created this video to help you understand what I'm thinking and why I'm not too excited about what I see in the SPY. Buckle up. Things may get a little crazy later today with a squeeze. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SP:SPXLong
by BradMatheny
4
SPY/QQQ Plan Your Trade for 7-19 : Bearish Exhaustion (Bullish)Good morning, Today's pattern is a Bearish Exhaustion in Trend mode. This pattern suggests the selling pressure is abating/stalling and price may attempt to revert back up to the $560-561 level over the next few trading days. I believe price is entering a new FLAGGING formation that will resolve sometime near July 24-25 (as my SPY Cycle Patterns have predicted for over 3+ weeks now). I continue to receive many comments from readers, and I appreciate all the love and support you've shown me. Now, as we move into this flagging formation, we will see how the SPY Cycle Patterns can help us scale back out allocation levels (trade sizes) while we wait for the next big trending phase to start. Remember, the SPY/QQQ will likely continue to consolidate into a tighter FLAG type of formation over the next 3+ days before we start to see a moderate bullish price breakout near July 23-24-25. I hope you guys are enjoying all of these videos. It has been a lot of fun creating them for you. The feedback I've received has been incredible. Happy Friday. Get Some today. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
S&P 500 Analysis: Reached the Breakout ZoneS&P 500 Analysis: Reached the Breakout Zone The price has dropped and reached the breakout zone between 5550 and 5525. To confirm the direction, a 4-hour candle should close above or below this range. Bullish Scenario: The bullish trend will be activated by stabilizing above 5550, targeting 5580. Further stability above 5585 will aim for 5620. Bearish Scenario: For a downtrend, the price should touch 5525 and stabilize below this level, potentially falling to 5491. Key Levels: - Pivot Line: 5550 - Resistance Levels: 5580, 5620, 5640 - Support Levels: 5525, 5491, 5460 Today's Expected Trading Range: The expected trading range is between the resistance at 5585 and the support at 5460. previous idea:
OANDA:SPX500USD
by SroshMayi
S&P is strong; however, some immediate uncertainty loomsLast week was marked by a very slow start and a chaotic finish. On Monday and Tuesday, prices bracketed in a very narrow range with neither side willing to take action. On Wednesday, the bulls gathered some momentum for a rally only to be countered by the bears the next day. While the bears’ attack appeared fearsome, it lacked real conviction (as I pointed out in my report), and it eventually faded. On Friday, the bulls took the initiative, erasing all the bears’ achievements. From a technical perspective, we have the following disposition: 1. Price is in an uptrend on all major timeframes. Last week closed quite strong. 2. All major S&P sectors are supporting the upward movement (see Market Inner Strength Index) 3. RSI is highly overbought on the daily timeframe and slightly overbought on the weekly timeframe. Although this doesn’t mean much in strong uptrends, we should still pay attention to it. 4. On the hourly chart, there is some unclear bracketing with an extending range. We have both a poor high and a poor low. The bulls clearly have the upper hand on all major timeframes, making the most likely scenario a continuation of the uptrend. Fundamentals are also on the buyers’ side: inflation is decreasing, and the first bank reports were quite positive. However, it is also possible that we’ll see more bracketing in the short term due to political uncertainty, which deprives the market of the conviction needed for prolonged movements. We can see signs of traders’ hesitation on the hourly chart: breakouts without follow-through and reluctance to carry positions over the weekend. Coupled with price overextension (remember the RSI), there are enough arguments to support the need for short-term consolidation and the collection of additional information before moving higher (if nothing changes fundamentally). Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPY
by hermes_trisme