SPY/QQQ Plan Your Trade For 11-5 : Election DayThis video highlights what I believe is likely to happen today and into tonight (when the real news will hit). Additionally, I continue to warn that a price anomaly is very likely starting sometime after November 10.
Ultimately, the markets will struggle throughout the rest of the week, likely becoming a bit more volatile after the election.
I do believe the markets will move into the price anomaly event near November 10th and that event will likely transition into a big opportunity for traders sometime after November 15-18.
My ADL predictive modeling system is showing this anomaly event is highly likely in certain sectors.
Overall, I suggest traders continue to trade small allocation levels today as we get past "election day". The bigger opportunities come over the next 3 to 6+ months.
Today is not the day to be a hero. Today is the day to sit back, maybe target a few decent trades, and wait for the dust to settle.
Get some.
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S&P 500 (SPX500)
Is QE really around the corner? Let's compare to GFCThe argument for US Quantitative Easing soon and subsequent pumpamentals in the equity market are often discussed on socialmedia these days.
Let's look at the GFC and see when they announced QE back then.
February 7, 2007 – HSBC’s Subprime Losses
July 31, 2007 – Bear Stearns Hedge Fund Collapse
September 18, 2007 – Fed Begins Rate Cuts
September 15, 2008 - Lehmann Brothers Bankruptcy
November 25, 2008 - Fed announces QE: federalreserve.gov/newsevents/pressreleases/monetary20081125b.htm
Were are we today?
Stonks at ATH, Gold at ATH, Bitcoin ATH. Valuations historically expansive and growth expectations on stonks gigantic accompanied by a lot of passive investment.
Okay so all I'm trying to say here is that there were times where they were very strict in doing QE and only as a last resort in the depths of a crisis.
Also when it happens it is not the immediate start to a bull market (at least during a crisis event).
Also the balance sheet of the FED seems still full to me with 7 trillion to burn through. Is it really time to increase again?
I know that the argument for soon QE to create liquidity(inflation) to handle the looming global debt crisis everyone is talking about is also out there.
I also think that they will be faster this time to announce QE, they might just still take couple of months and a little bit of crisis.
Bitcoin Bull Run Ignites: Eyeing New Highs Ahead of ElectionsOverview: Bitcoin (BTC) has recently demonstrated significant bullish momentum, breaking the $68,900 resistance level. This surge is supported by favorable financial news and the anticipation surrounding the U.S. presidential election scheduled for tomorrow.
Key Levels:
Entry Point: $68,900
Target 1 (T1): $75,146.69
Target 2 (T2): $84,392.46
Target 3 (T3): $92,059.49
Stop Loss: $66,500
Technical Indicators:
Moving Averages: The 50-day and 200-day moving averages are trending upwards, indicating sustained bullish momentum.
Relative Strength Index (RSI): Currently at 65, suggesting room for further upward movement before reaching overbought territory.
Volume: Increased trading volume aligns with the recent price surge, reinforcing the bullish outlook.
Fundamental Factors: The upcoming U.S. presidential election has heightened market interest in Bitcoin, with both major candidates expressing favorable views towards cryptocurrency regulation. Additionally, significant inflows into Bitcoin exchange-traded funds (ETFs) have been observed, indicating strong institutional support.
Conclusion: The confluence of technical indicators and positive fundamental developments suggests a strong bullish outlook for Bitcoin. Traders should monitor the aforementioned target levels and adjust positions accordingly, keeping an eye on potential resistance as the market reacts to election outcomes.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
Market Leading Indicators - suggests DOWNThis is my most summarized panel of leading indicators which I use to assist in the determination of market projections, over and above technical indicators.
The SG10Y is about to break out
The JNK bonds are breaking down
Both TIPS and TLT have already broken down the uptrend support (bearish trend now)
The SOXL (semicon ETF) and the combined US Equities are just about to keel over.
Leads have turned down or are at the turning point.
Heads up!
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.
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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.
S&P500 / Bearish Pressure Builds: Key Support Levels in FocusTechnical Analysis
The price will likely attempt a retest around 5,761 or 5,781, after which a renewed bearish trend could push it toward 5,675 and 5,643.
Bearish Scenario: Consistent stability below 5,781 may lead to a downward move targeting 5,732. A 1-hour or 4-hour candle close below 5,732 could activate the next bearish zone.
Bullish Scenario: Should the price stabilize above 5,746, some bullish momentum may emerge toward 5,781. However, a reversal with stability above 5,803 would signal potential movement upwards, with targets at 5,824 and 5,850.
Further Bearish Continuation: For a deeper decline, the price should establish stability below 5,715, paving the way for a drop toward 5,675.
Key Levels:
Pivot Point: 5748
Resistance Levels: 5781, 5803, 5824
Support Levels: 5709, 5675, 5643
SPX500 H1 | Overlap resistance at 38.2% Fibonacci retracementSPX500 is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 5,769.26 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 5,804.00 which is a level that sits above the 50.0% Fibonacci retracement and an overlap resistance.
Take profit is at 5,727.17 which is a swing-low support.
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#202444 - priceactiontds - weekly update - sp500 e-mini futuresGood Evening and I hope you are well.
tl;dr
sp500: Bearish. 5730 was expected support and if bears are strong, 5800 stays resistance now. Expecting more sideways movement before another impulse down. Next target for bears is 5600 and bulls need a daily close above 5800. Thursday’s selling was strong enough for more downside but could also just have been distorted price action since it was end of the month. Friday was disappointing for bears already, which is why I think the selling is not as strong as hoped.
Quote from last week:
comment: Another disappointing week for the bulls. Big question now is the same as for dax and nq, was this the last before a deeper pullback or can we print 6000 before 5700? I don’t know and I am not going to pretend I do. Market is in breakout mode and the triangle has a bit more room to go. We simply need more price action because right now the market is in balance around 5870.
comment: Reasoning here is almost identical to dax and nasdaq. Selling was strong enough for a second leg and a measured move leads down to 5555, which is near the 50% retracement. I won’t repeat the same stuff here what I wrote for dax.
current market cycle: trading range
key levels: 5700 - 6000
bull case: 6000 remains bulls target but if we get a daily close below 5700, we will likely see 5550 before 6000. If we stay above, we will continue sideways.
Invalidation is below 5700.
bear case: Bears need to keep the pullback shallow and probably below the daily ema 5830. If they manage, their next target is 5670 which is the weekly 20ema and below that is 5555 for the measured move target, 50% retracement and July low.
Invalidation is above 5830.
outlook last week:
short term: Neutral. Bearish below 5820 for 5800, below 5800 we likely see 5730. Bullish above 5860 for 5880+ and above 5930 we will see 6000.
→ Last Sunday we traded 5846 and now we are at 5758. Outlook was ok.
short term: Neutral until we break below 5700. I favor some more sideways movement before the second leg down but it should stay below 5830.
medium-long term - Update from 2024-10-13: Very rough guess for the remaining trading weeks in 2024. Spike up, decent correction (~10%), nasty (blow off top) year end rally if earnings hold in Q4. Don’t trade based on that guess.
current swing trade: None
chart update: Added current valid bear trend lines and a potential bearish wave series down to 5555.
SPX: Presidential elections and FOMCThe US stocks had a relatively mixed week. The S&P 500 started the week with the negative sentiment, around the level of 5.840, and moved in Thursday trading session to the lowest weekly level at 5.705. Still, during Friday the index managed to gain some 0,4%, ending the week at the level of 5.728. The Non-farm payrolls were the major surprise for the markets during the previous week. The US economy added only 12.000 new jobs in October, which was the lowest level since the pandemic. Analysts are noting that such a weak performance is a result of hurricanes and labor strikes, and that the labor market in the US stands on solid grounds.
Amazon was one of the companies which was in the spotlight of investors, with a weekly gain of 6,2%, as the company continues to strengthen its cloud and advertising business above market current expectations. Intel was another company which strongly outperformed market forecasts, gaining 7,8% for the week. Regardless of a bumpy start of November, this might continue for the week ahead. Namely, two quite important events for the US are scheduled for the week ahead - on November 5th the US Presidential elections and FOMC rate decision on November 7th. These two events are implying that higher volatility and market nervousness might continue for another week.
Full Trading Plan For Monday Nov 4thPlan for Monday
Supports:
• Major: 5760-63, 5740, 5728-30, 5712, 5692, 5677, 5661, 5646-50, 5616, 5599-5602, 5590, 5575, 5563, 5544, 5524-28, 5499-5502
• Minor: 5756, 5751, 5745, 5723, 5715, 5702, 5683, 5672, 5667, 5654, 5638, 5633, 5627, 5621, 5578, 5558, 5552, 5534, 5517, 5511, 5506
Overview:
We’re moving into a high-volatility week with the upcoming election and FOMC. Most volatility is expected post-election (Tuesday evening and Wednesday) with FOMC on Thursday, creating a challenging trading environment with broad, two-way swings. Conditions should be favorable for failed breakdowns, with more detailed guidance to come in other days plans this week. For now, we saw organized price movement: elevator down on Thursday, short squeeze relief on Friday, back-testing 5802, then rejection. Bulls haven’t reclaimed significant levels (like 5802), but they’ve held prior lows, and the 5802 rejection was gradual. The relief bounce remains live until 5728-30 fails. Closing near 5760-63, this level could pop again, but headline risk suggests waiting until Sunday’s open for an entry. Below, a strong support cluster sits at 5740 and 5728-30. Testing 5740 could be viable, but 5728-30 is a safer bid zone, especially if it sets up a failed breakdown near recent lows. If this zone breaks, it’s likely we’ll see an “elevator down” scenario like Thursday. Below 5728-30, I’m not rushing to long, but levels like 5712, 5692, and 5677 could be interesting zones for potential reactions, especially 5677.
Key Zones for Monday:
• 5740: Major support; bears might push through. Look for a possible recovery above 5740 as a sign for a long setup.
• 5728-30: Critical support; if breached, approach with caution, i will be waiting for clear failed breakdowns before entering here
• 5712, 5692, and 5677: Areas of interest lower down. These levels may offer potential entries, but patience is advised to observe reactions.
Resistances:
• Major: 5783, 5797-5802, 5820, 5826-28, 5854, 5864, 5880, 5886, 5911, 5919-22, 5937, 5953, 5965, 5976
• Minor: 5770, 5779, 5792, 5807, 5813, 5838, 5842, 5848, 5861, 5868, 5873, 5892, 5898, 5902, 5906, 5914, 5928, 5944,
The back-test short setup off 5802 worked well on Friday. Revisiting 5797-5802 on Monday may yield another short opportunity, though it’s not as fresh. Safer shorts may present at 5820 or 5826-28, which should produce a more decisive reaction.
Bull Case for Monday:
Bulls haven’t done much to show control but have managed to survive. The relief bounce holds as long as 5728-30 doesn’t break, suggesting continued back-tests of Thursday’s major breakdown zones. This scenario sees 5740 or 5728-30 holding on deep flushes. In an ideal setup, bulls maintain above 5760 and push up directly. A typical path might involve a test of 5802, followed by a dip, filling out the range, then advancing to 5826-28. Adding around 5760-63 or pops above 5670 may be worth exploring, but patience is recommended.
Bear Case for Monday:
The bear case strengthens if 5728-30 fails. As noted daily, breakdown trades below support carry risks. Failed breakdowns are often the norm, with roughly 80% of breakdown attempts resulting in traps. These setups are advanced and should be executed cautiously. Even for skilled traders, over 60% of breakdown trades may fail, with only the occasional setup yielding high returns. If this risk isn’t tolerable, or if you’re newer to trading, it’s wise to avoid these trades. I generally avoid chasing setups; the zone needs to be tested with a clear failed breakdown before shorting, potentially around 5723 or below based on the structure.
Summary for Monday:
The focus remains on the election. We’re in a relief bounce from Thursday’s lows. My bias leans toward a continuation of this bounce, potentially revisiting 5797-5802, then dipping to target 5828. If 5728-30 breaks, the relief bounce is invalid, likely initiating a next leg lower, potentially below 5700.
Election Volatility Shakes Up US MarketsS&P 500
● The index retreated from its all-time high of 5,880, initiating a downward trend.
● A breakdown below the Rising Wedge pattern has been confirmed.
● Key support levels to watch:
➖ Immediate support: 5,670
➖ Strong support: 5,400
Nasdaq Composite
● The index has hit an all-time high near the 18,750 level before beginning to retreat.
● After breaking through the trendline support, the index is currently hovering slightly above the next immediate support level.
● If it dips below this support, we could see a significant drop, potentially driving the index down to the 16,670 level.
**This market volatility is consistent with historical trends during US presidential election years. The 2024 election is particularly unpredictable due to conflicting economic indicators and potential delays in results.
S&P 500 Daily Chart Analysis For Week of Nov 1, 2024Technical Analysis and Outlook:
During the current trading session, the S&P 500 index exhibited considerable weakness by completing the Inner Index Dip at 5733, in conjunction with the Mean Support level of 5798, while leaving the gap by not reaching the secondary Mean Support level of 5700. This development of fulfilling the gap will likely stimulate a significant rebound toward the Mean Resistance level of 5775, with the possibility of further extension. The 5700 support level is critical for facilitating a primary recovery and advancing into the subsequent phase of the bullish trend. However, it is imperative to acknowledge that achieving and penetrating the 5700 level could instigate a downward spiral in price action to Mean Sup 5620.
SPY/QQQ Plan Your Trade 11-1 Update: Silver Still LeadingPlease watch this video to understand why I believe the downside risks are still dominant related to price trending.
Yes, we've seen a solid recovery today, but watching Silver and RSP, it appears the Excess Phase Peak pattern is still progressing toward a breakdown new low.
I urge all traders to stay very cautious of the risks throughout today and Monday.
The markets need to climb higher quite a bit to invalidate this pattern - and I don't see that happening before Nov 5.
Buckle up.
Get some.
S&P 500 tests THIS resistance after NFP bounceFollowing the weaker US NFP data and thanks to strong performance from Amazon, the S&P 500 rallied. But this comes hot on the heels of a big drop the day before, which means the recovery could fade if Thursday marked a reversal day in the markets.
At the time of writing, the SPX 500 was testing resistance right around the 5770-5775 area. Previously this was a key short-term support zone until Thursday's breakdown. Now below this area, the 200-period MA and the bullish trend line, could we see this zone now turn into resistance?
If the selling resumes here then the next big area of support below Thursday's low is at around 5670, marking the high made back in July.
By Fawad Razaqzada, market analyst with FOREX.com
Es levels and targets Nov 1stOn Wednesday evening, ES saw its first short trigger in over a week by breaking below 5843. This led to 30 hours straight of steady selling, reaching the 5744 target. We’re seeing a relief pop now, but bears still remain in control until 5802 and 5828 are recovered.
As of now: Upside targets are 5770, 5788, and 5802. Key support is 5741; if that fails, 5721-26 zone next down
SPY/QQQ Plan Your Trade For Nov 1: CRUSH PatternToday's CRUSH pattern suggests the markets may experience a very large and violent price move - likely downward.
My experience with CRUSH patterns is they are often related to the dominant trend on the Daily chart and seeing as though we are in the midst of a fairly solid rally phase (recent higher highs on almost all charts), I believe this CRUSH pattern will resolve to the downside.
Many of you know I've been predicting a very strong pullback leading into the US elections, and yesterday, we saw what may have been the start of that pullback.
Today's CRUSH pattern could carry us into very strong market selling into the end of trading today and I believe traders should have already moved assets away from the current risks in the markets.
It seems as though almost every market I review has moved into an Excess Phase Peak pattern over the past 2-3+ days.
Today, I'm looking for Gold & Silver to attempt a breakdown away from the Phase #3 consolidation of the Excess Phase Peak pattern. BTCUSD is set up almost exactly the same - looking for a breakdown.
The SPY/QQQ are moving into that consolidation phase and looking for that breakdown in price.
It's almost as if the markets are reacting to some pending event that drives uncertainty.. THE ELECTION.
Smart traders (skilled intraday traders) should be able to pull off some really great trades throughout the day. Smart Swing traders are waiting for the base/bottom (Ultimate low) and are looking to move into CALL OPTION trades as a hedge related to a post-election rally phase.
If you missed all of this over the past few weeks, today is nothing more than a panic reaction to risks. The markets will settle after the election and will likely move back into a solid bullish price trend after Nov10th or so.
Buckle up - this could be a wild day.
Get Some.
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SPX in monthly (log)Hello community,
A quick review of the month on the SPX index.
A red candle for this month of October.
I have indicated in orange the simple 12-period average (monthly)
The price is in the upper part of the channel, I don't see anything alarming on the chart.
The trend is still bullish, I prefer to invest my money in the American market, than on the old continent which is very sick!
Whether it is Harris against Trump, the new president will have a country in working order to face the future. I have confidence in the USA.
Make your opinion, before placing an order.
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