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S&P 500 (SPX500)

SPY/QQQ Plan Your Trade For 10-21: Gap Potential PatternToday's pattern suggests an opening price Gap is likely. Given the markets are trading slightly lower this morning, this Gap potential plays very well with my Roadmap trading outline from last week. I highlighted the need to sell out of positions last Friday and look to buy into the Gap Potential pattern today. If the markets rally off this opening gap pattern, we could see a nice move in the SPY up to 587-588+. Gold and Silver are rallying again. But be aware today is a TOP pattern for Gold/Silver. That means both Gold & Silver will attempt to identify resistance and move away (lower) from that resistance level. Bitcoin looks to have moved into the Ultimate Peak level on an intermediate-term Excess Phase Peak pattern. Additionally, the deeper low sets up a longer-term Excess Phase Peak pattern that suggests Bitcoin has entered the Consolidation Phase (#3). Because of this, I suspect Bitcoin will fall below the FWB:67K level and potentially move into broad consolidation for a minimum of at least 5-6 weeks. These Consolidation phases in longer-term Excess Phase Peak patterns can be brutal for traders. The volatility of these consolidation phases can present real challenges and last about 50% of the time it took to Flag. Given this information, we may see many weeks of consolidation within a range in Bitcoin - possibly lasting into December 2024. This will be a tough week for traders. Try to stay aware of the bigger picture and play the rotation headed into next week. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
5
S&P Bulls Hold Strong, But Is a Market Cooldown Coming?Last week wasn't particularly remarkable. Despite two bearish attacks (on Tuesday and Thursday), buyers still managed to push the market to a new historical high. It was somewhat concerning that they couldn’t sustain the high for even an hour after the open, but since the bearish movement didn’t gain momentum on Friday, the bulls still have the upper hand. We may see some consolidation in the upcoming weeks, as there are signs that the rally is approaching exhaustion (weakening of upthrust, weekly RSI entering the overbought zone, weakness in XLK). However, this market has repeatedly demonstrated its resilience and ability to exceed expectations. The long-term outlook remains bullish, but given these signals, it would be prudent for buyers to downsize their positions and refrain from selling PUTs. Mind TSLA report on Wednesday as it can cause some volatility and act as a trigger.
AMEX:SPY
by hermes_trisme
SPX: not ready to slow downThe S&P 500 counts the sixth straight week of winning streaks, and seems ready to count for more. During the previous week a fresh new all time highest level was reached at the level of 5.876. Only during the previous week the index gained 0,96%. Tech companies were again in the center of the market attention. The environment of decreasing interest rates and posted positive quarterly results of companies included in the index, continue to be main drivers of investors optimism. As per analysts comments, the 75% of companies which posted quarterly results have beaten market expectations, which was another positive boost for the index. On the opposite side are some analysts who are noting that such moves of equities are “atypical” for the election year. Normally, the equity market will post some volatility prior to elections, considering that the US is only three weeks away from the final election day. On the other side are analysts who are more oriented toward the economical background of such strong moves. Namely, they are noting that the ongoing surge in equities is partially due to government deficit spending, as it is currently 14% higher from the same period last year.
SP:SPX
by XBTFX
Full Plan for Monday Oct 21stPlan for Monday: Supports: • Major: 5892, 5878, 5869, 5850, 5820, 5802-05, 5787, 5770, 5752, 5734, 5710, 5683, 5676, 5657-60 • Minor: 5882, 5871, 5862, 5857, 5842, 5834, 5828, 5814, 5796, 5782, 5779, 5763, 5755, 5746, 5740, 5725, 5721, 5715, 5708-10, 5702, 5693, 5679, 5669, 5666 What I’m Watching: We are inside a broad consolidation zone from 5915 to 5850, but the tighter consolidation within this range (5892 to 5915) is becoming tricky due to the deep use of these levels. Flexibility is key when trading in this range. For Monday, 5892 is the first major support, though it’s been overused and may no longer be reliable. I’d prefer to wait for a reaction there, with safer longs only coming if we reclaim 5902 after testing lower. If 5892 fails, a selloff could follow, a common occurrence for Monday. Below that, 5878 is the next key level down, but I’m less inclined to take long positions here unless we see a failed breakdown with a recovery back above 5869. If we get a further breakdown, 5850 becomes the key line of defense before a potential flush down to 5820. Resistances: • Major: 5900-02, 5914, 5933, 5945, 5956, 5962, 5997-6000, 6007, 6040-45, 6070, 6098 • Minor: 5907, 5922, 5935, 5951 Bull Case for Monday: We’re in a broad consolidation zone from 5915 to 5850, with bulls still holding the advantage as long as this structure remains intact. The tighter range of 5892 to 5915 will likely dictate the early moves. For the bulls, the ideal scenario is to hold above 5892, base out, and then rally to 5933 and beyond. As loose concepts though, I’d consider any flagging that does not make a new high above Friday’s high and that holds 5900 or 5892 (bonus if we flush to 5892 and recover 5900) as being very bullish and worth adding. In the “ultra bull case,” we wouldn’t even lose 5892, quickly basing above 5900, which could lead to a squeeze toward 5933 and potentially higher. Bear Case for Monday: The bear case becomes relevant if 5850 breaks down. Breakdowns are tricky and often trap traders (80% failure rate), so it’s a low-win rate but high-reward setup. If 5892 fails, we could see some downside pressure, with 5878 and then 5850 as key supports. If these levels don’t hold, we could see a sharper selloff toward 5820 or lower. However, I am obviously not going to just short below 5850 after selling 60 points there from here. I’d need to see a strong bounce there or a failed breakdown, see longs work, and only then would I consider shorting under wherever the structure (lows) are at the time—this could be around 5847. On a shorter-term basis, there may be a short opportunity if 5892 fails. This level has been heavily worked, but it’s ideal to see one more bounce attempt there, and then short just under the low of that bounce. Be careful here, as we could easily flush to 5869 and then squeeze back up. If I do short, I would exit and be willing to switch long. Summary for Monday: We’re stuck in a consolidation range between 5915 and 5850, with 5892 to 5915 being the tighter range within. The market could ping-pong between these levels before making a more decisive move. My lean remains to defer to the overall trend, with a preference for buying dips unless key supports like 5850 fail. A break of 5892 could lead to a Monday dip, but as long as bulls hold 5850, the broader structure remains bullish, targeting 5933+.
CME_MINI:ES1!
by ESMorg
#202442 - priceactiontds - weekly update - sp500 e-miniGood Evening and I hope you are well. tl;dr sp500: 4 different upper bull trend lines for multiple wedges and all are kinda valid. You just never know which one will be most respected by the algo’s. 6000 is the target, much more likely we get there before a bigger correction. Don’t try to be the first bear on this. Quote from last week: comment: Two decent days were enough for the bulls to make new ath. Again a bad place to trade, 8 points below the new ath. We have nested bull wedges and market broke above the bigger one. Odds favor some pullback but I would rather wait and be flat than to short this. comment : Monday made the 50 points higher and that’s all bulls achieve last week. We had two pause bars on the daily chart with Tuesday and Thursday but that was not enough to put doubt in bulls minds that this rally is over. 6000 is the target and, same as dax, we will likely hit it one way or the other. current market cycle: nested bull wedges key levels: 5800 - 6000 bull case: Bulls know technically we are at the top of them all and the rally is on it’s last legs. Big round numbers are still just too good to not hit if history tells us anything. Bears are not doing anything and not enough bulls are taking profits, so the market only knows one direction. As long as we are staying above the two bull trend lines that are closest, bulls are good and we continue. Invalidation is below 5800. bear case: Bears are not doing enough. They have many reasonable targets below but what good are those if the 4h 20ema keeps getting bought almost the entire week? Can you sell new highs for a scalp? Sure. Bears need anything below 5800 to start having arguments. Reasonable scalp is probably a break below 5850 for 5800 but as of now, there isn’t much more to expect for Monday. I am open to surprises though. Overall I just doubt many bears want to short 5900 when they know everyone wants to see 60000 and there is much more value to short there. Invalidation is above 6050. outlook last week: short term: Neutral since we are exactly at the top of two big patterns and 8 points below the ath. Sitting on hands is best here. → Last Sunday we traded 5859 and now we are at 5906. Neutral wasn’t too bad since market made 60 points on the week. Wasn’t good either, I know. short term: Neutral between 5870 - 5930 and bullish above 5930 for 6000. 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: Adjusted the many bull trend lines to show it’s pure guesswork which one will be respected. All are valid until clearly broken. Big dotted means that the pattern is on the weekly or monthly chart, and some breaks above are tolerable and do not mean the pattern is invalid. Close is always close enough.
CME_MINI:MES1!Long
by priceactiontds
S&P500, NASDAQ, & DOW JONES Weekly Outlook Oct 21The 3 Indices are in position to move higher. I am looking for buys setups, as my bias is bullish. My first targets are the PWHs, and potentially ATHs. I've included some notes on how I project bullish targets above ATH's. Tell me what you think of it in the comments section. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
US30 volatility during the presidential election nightI just found something interesting to share with you. The events that happened on Election Day, November 8, 2016, and in the early hours of the day after were so significant. The group that dumped and pumped assets during that time also bought the COVID crash lows, when everyone thought the world was ending, and then defended their positions. Wow, I mean, who is this group? Just be careful. Even if Trump wins big, I think the volatility will be intense, especially for Bitcoin. I believe it will hit a new all-time high (ATH) and then dump hard.
CAPITALCOM:US30
by trollist
SP500 Secondary Trend. Bowl + handle. Resistance zone. 11 2023Logarithm. Large timeframe 1 week. On the chart a big bowl, you can say already with a handle, the price is testing the resistance of the previous market highs for the 3rd time (entering this zone). Breaking through it, this resistance will become a very strong support during the pumping (probability no more). Simplifying the complex is the key to success. Complicating the simple is a guarantee for your own confusion and mistakes on the plain. It is based on knowledge and experience, which always leads to simplification of actions, not to complication !!!! The SP500 index (500 companies of the global hegemon) is a reflection of the "health of the US economy" and, conventionally speaking, of all markets in the world. It is needed more as an indicator of the direction of other markets, including cryptocurrency (the market is maturing), than for trading as such. The SP500 index (500 companies of the global hegemon) is a reflection of the "health of the US economy" and, conventionally speaking, of all markets in the world. It is needed more as an indicator of the direction of other markets, including cryptocurrency (the market is maturing), than for trading as such. 1️⃣ The increase in % rates will stop closer to the US presidential election, which is logical. 2️⃣ Before elections, the ruling party always shows the people the positive in its work for the people, even if there is none, i.e. injects money into the economy. 3️⃣ Handing out "free money" to potential voters before elections. Who will take it to the stock and cryptocurrency markets. 4️⃣ Changing the bear market cycle to a conventionally bullish one in 2024 and a bullish one in 2025. 5️⃣ Overcoming previous all-time highs, this is the third time we have tested this resistance of the SP500 index. In other words, everything is as always. Before the elections, “everyone is good” and is pushing the economy up. USA together with the Fed. Only the so-called “black swan” can influence this, whether it is real (there are no such things) or staged, it doesn’t really matter. But, this is all a hypothetical probability, nothing more, which must always be kept in mind. Therefore, when the market rises, protect your profits with stop losses or hedge with correlated positions. As a rule, nothing happens, and if it does, the event itself is always inflated by the media and bloggers tens of times in importance, thereby creating the illusion of fear. Don't fall for such tricks, either. The present, and especially the future, is not always a projection of a repetition of the past. It may be conditionally the same, but the details are radically different. This must always be remembered. On linear, it looks like this: The main trend of the index More than 100 years for clarity. Publication 11/22/2022 SP500 index. The whole trend. Anniversary 100 years Vertical growth by +372% (madness, super pump) Before the super collapse of the “Great Depression” Publication 11/22/2022 SP500 index. Pumping before the "Great Depression" Code 372-69 The game controls the people, not the people the game. The concept of a lot is always replaced by a little, a little more, until all their expectations “burst” from greed. This encourages some to become wiser, some, on the contrary, the closer the abyss, the cuter the devils.
VANTAGE:SP500Long
by SpartaBTC
5
SPY/QQQ Plan Your Trade For 10-18 : Tmp-Bottom PatternHappy Friday, Today's pattern is a Tmp-Bottom pattern for the SPY Cycle Patterns. This pattern usually acts as price attempting to find immediate support in early trading, then moving into a moderate melt-up rally. After yesterday's big opening gap (higher) on the SPY, I suspect the SPY & QQQ will attempt to rally back to those highs and possibly attempt to break those highs today. In other words, I believe yesterday's opening price high was a reaction price level where price ran into immediate resistance. After watching price roll downward and now attempt to melt upward in overnight trading, I interpret this move as "failing to continue to establish new lower lows". Thus, price then shifts into a mode of "must attempt to make higher highs". If my analysis is correct, we'll see the SPY/QQQ melt upward off the Tmp-Bottom pattern and possibly attempt to move up 1.25-1.50%+ today. Gold and Silver are playing out very nicely - still moving in a solid rally phase. Bitcoin continues to consolidate sideways. The length of time Bitcoin has consolidated could present a very big breakout or breakdown pattern over the next 2 to 5+ days. So, be aware that any move away from the #3 & #4 consolidation phase of the Excess Phase Peak pattern could resolve into a very big price move for Bitcoin. Currently, I suggest the downward price move has a slight advantage - simply because of the failed new highs (price rejection). But, that could change in an instant with a confirmed higher high/higher close. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
3
WEEKLY FOREX FORECAST OCT. 14-18th: BUY THE S&P 500? YES!The S&P 500 looks to have supporting structure for higher prices. The bullish momentum is there, and Friday's close put that on display. There is some potential for a limited pullback, though. But I would view it as a better price for a possible long entry. What are your thoughts....? Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME_MINI:ES1!Long
by RT_Money
SPY/ES1! Flagging In Bullish Carryover Trend - Squeeze PosssibleCheck out the APEX FLAGGING formation in the SPY and ES chart; they are aligning perfectly. If my analysis is correct, the SPY and ES should move into an upward price squeeze after the Flag Apex volatility period (roughly 20+ minutes) is complete. That means the SPY and ES should move into a more defined upward price trend as we close out the day today - possibly carrying into tomorrow. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!Long
by BradMatheny
5
Bitcoin Analysis: The Lunar Influence and Price TargetsAs of the latest data, Bitcoin began its ascent at exactly 16:00 Dubai time , coinciding with the formation of the full moon. Is this a coincidence? Absolutely not! The correlation between Bitcoin and moon phases is a pattern observed by seasoned analysts. Historically, after every full moon, Bitcoin has shown bullish momentum lasting 3 to 4 days on average. At present, Bitcoin is hovering around the $67,000 mark, showing strength in its recent movements. The major support level stands firmly at $56,800 , a critical point that has held over several market cycles. On the upside, we are focusing on the major resistance at $69,329, a level that we believe could be broken this week. If this resistance breaks with confirmation, a slight rejection might occur, but the continuation of the upward momentum is highly probable. Our first target lies within the golden zone, ranging from $75,008 to $76,747 , where we expect Bitcoin to consolidate before potentially pushing higher. The moon phase phenomenon has drawn attention from both technical and scientific communities, as similar market movements have been recorded in the past. Many traders and analysts follow this lunar cycle to align their strategies with Bitcoin’s behavioral trends. With Bitcoin’s price behavior showing such predictability, it reinforces the importance of alternative analysis techniques that integrate both natural cycles and traditional technical indicators. Supporting Media and Insights Lunar Phase Correlation with Market Trends: Research papers and market reports suggest a pattern in price movements aligning with lunar cycles, particularly full and new moons. These natural events seem to trigger psychological market responses, possibly rooted in historical trader sentiment or behavioral finance models. Crypto Sentiment Studies: Numerous media sources have reported on Bitcoin's uncanny alignment with natural cycles, especially after full moons. Bitcoin tends to rally within days following these phases, often igniting bullish sentiment across crypto communities and news outlets. Analysts point to multiple instances where moon phases triggered temporary, yet significant, market boosts. Current Market Sentiment: As we approach key technical levels, many institutional traders and investors are watching Bitcoin’s reaction closely. With the macroeconomic factors in play and rising institutional interest, breaking the $69,329 resistance will attract significant volume. Social media platforms, forums, and market analysts are buzzing with discussions on Bitcoin’s next move as it edges closer to critical resistance levels. This analysis confirms that alternative insights such as moon phases can provide additional layers of understanding when timing trades, particularly in a volatile market like Bitcoin. Stay tuned for further updates, and keep a close watch on these price levels as the week unfolds. Disclaimer : The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Cryptocurrency markets are highly volatile, and past performance is not indicative of future results.
BITSTAMP:BTCUSDLong
by insidermike
SPY/QQQ Plan Your Trade For 10-17 : CarryOver In CarryOver ModeGood morning, Great to see the ES/NQ rallying higher this morning - in perfect alignment with my SPY Cycle Patterns & predictions. Gold & Silver are also moving slightly higher - but remember My Gold patterns suggest Gold & Silver will consolidate a bit in early trading today. BTCUSD is a really interesting chart, in my opinion. The multiple Excess Phase Peak patterns are playing into a potentially very large downward price move. Pay attention to all of the content in this video today because we are moving into the end of this week - which means we need to prepare for the volatility that starts next week. As I keep suggesting to everyone, trading is about attempting to time the best opportunities for success. Knowing when something may happen that creates an opportunity, setting your risk levels, and going for it. I wish I could tell you, "Trading is like picking red or black". It's not. Trader's have to develop almost a 6th sense to be able to see and visualize what is most likely to happen in the future. My tools help me see into the future a bit, but a lot of my analysis comes from within my head. Anyway, the best way for you to learn these skills is from someone who can mentor you and show you what they are seeing on the chart. Teaching you the skills to improve your own abilities to make better decisions. That is what I'm doing. Over time, you will learn to use these techniques to make better decisions and become a better trader (at least that is my objective). Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
5
SPX500 at Resistance: Breakout Potential or Reversal Ahead?S&P500 INDEX The price is in a consolidation zone near the resistance level of 5,891.1. If it breaks above this zone, the next resistance target is around 5,950. If it fails to break through the resistance, a pullback is likely, targeting the support area around 5,863 and potentially dropping further towards 5,781 if bearish momentum continues. Best Direction: Bullish: If the price breaks and holds above 5,891.1, this would indicate further upward potential. Bearish: If the price fails to break above 5,891.1 and reverses, a short-term downward move toward the support levels is anticipated. Key Levels: Pivot Point: 5891 - 5863 Resistance Levels: 5891, 5915, 5939 Support Levels: 5836, 5807, 5759 Trend Outlook: Bearish below 5863 Bullish above 5891
OANDA:SPX500USD
by SroshMayi
2024-10-16 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Bears hoped for a second leg down and build decent selling pressure but bulls bought the dip. Nothing unexpected and we likely continue sideways at the highs until bears give up again or more bulls get exhausted and want to secure profits. Technically I expect another leg down but we could retest the highs first. Don’t overstay your welcome in positions. comment: 5850 was the low yesterday and bears could not break below. Weak bears gave up and we closed around the 50% pullback from Tuesday’s selling. Where does this leave us? Nowhere. 5890ish is the worst place to trade now because it’s the exact mid point of this trading range. Wait for strong momentum or until we reach one of the extremes again. These bullish earnings should have taken the market higher by now if you ask me. So there is a decent chance we are forming a credible top. 5850 - 5920 is the current range and until we see the MAG7 earnings, it probably won’t break out of it. current market cycle: bull trend (bull wedge) key levels: 5850 - 5920 bull case: Bulls bought the dip, no surprise there. They want 5900+ next and they will probably continue to buy 5850. No more magic to this. Since it was a bullish close, bulls are very slightly favored higher tomorrow but I would not buy 5886 right now. Invalidation is below 5850. bear case: Bears tried and failed. They have to make the market more neutral and trade sideways until more bulls want out of their position. BTFD is still strong. Anything above 5850 is bullish and bears have to scalp. Earnings will probably set the next impulse to either side. Invalidation is above 5920. short term: Neutral inside given range. 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: Nope trade of the day: Long the double bottom with yesterday’s low. Very obvious trade that worked greatly.
CME_MINI:MES1!
by priceactiontds
SPY/QQQ Plan Your Trade: 10-16 UpdateLearn to watch for signs of major market contagion by watching key sectors. In my opinion, the biggest sectors: Like Transportation, Financials, Gold, and Crude Oil, will lead any major market collapse - often by 7-10+ days. This videos highlights what I believe most traders need to watch in terms of understanding when/where opportunities are for long trades while attempting to gauge risks related to any type of broad market collapse event. Spend some time looking over this custom Crash Index and let me know if you see any correlations related to when the SPY/QQQ move more than 7-8% downward in any sudden price moves... (XLF+IYT+GDX+XOP)/4 Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:XLFLong
by BradMatheny