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SPY/QQQ Plan Your Trade For 12-3: Gap ReversalToday's Gap Reversal pattern in a Counter-Trend mode suggests the SPY & QQQ will experience an opening price GAP - followed by a reversal of trend - possibly to the upside. I believe we need to watch how the GAP forms at the open to determine if we are likely to see an upward or downward price trend throughout the rest of the day. My analysis suggests an upside price move is more likely than a downward price move today for the SPY/QQQ. Gold and Silver appear ready for a liftoff. Silver appears to be attempting to break above the recent high price levels and Gold should follow along. I believe any Gold and Silver are poised for a big rally phase - but that rally will come when the US Dollar advance stalls and pulls downard a bit. Bitcoin is still trending in a Flagging formation - setting up the Phase #2 of a Bullish Excess Phase Peak. We need to watch for a breakdown in price - possibly sending BTCUSD down to $80k-$82k. I urge traders to stay cautious (Still). This is not the time to be aggressive as I still believe the low liquidity in the markets will present a very real risk of a volatility event (the Anomaly Event I keep suggesting is likely). Remember, if you can't take the lumps, stop and rethink what you are trying to trade. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
5
Elliott Wave View S&P 500 (SPX) Wave 5 in ProgressShort Term Elliott Wave view on SP500 (SPX) suggests rally from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave 1 ended at 5627.56 high and pullback in wave 2 ended at 5402.62 low. The Index then extends higher in wave 3 ending at 5878.46 high. The next pullback built a zigzag Elliott Wave structure to finish wave 4 at 5696.51 low like the 1 hour chart below shows. Actually, the SPX is trading higher in wave 5 developing an impulse or ending diagonal structure. Wave 5 rally is in progress with internal subdivision as another impulse. Up from wave 4, wave ((i)) ended at 6017.31 high and wave ((ii)) retracement ended at 5853.01 low. Wave ((iii)) has started and it is trading in wave v of (iii) of ((iii)). Up from wave ((ii)), wave (i) ended at 5908.12 and wave (ii) correction ended at 5855.29. Then the SPX built a nest ending wave i at 5923.51 and wave ii at 5860.56. Wave iii of (iii) finished at 6025.42 and wave iv pullback at 5984.87 low. From here, we are expecting that wave v of (iii) completes soon and the index should see a pullback in 3 swings as wave (iv) before resuming higher in wave (v) of ((iii)). Near term, as far as pivot at 5850.8 low stays intact, expect pullback to find support in 3, 7, or 11 swing for more upside
SP:SPX
by Elliottwave-Forecast
Opening (IRA): SPY Dec 20th 505 Covered Call... for a 501.71 debit. Comments: Re-upping at a higher strike than the one I just took off, looking to capture an additional little increment of upmove that I missed out on. If you wanted to be really anal about it, you could capture all of the up move over time (or capture the same increment more than once). For example, say I just took off the November 15th 500 covered call at or near max (e.g., 499.80). I can then shop for a monied covered call to capture the next increment of movement from 499.80 up, so I'd want to get into a setup for 499.80 or less. This would be the Jan 31st 506 covered call, currently trading for 499.72 and would ostensibly capture the move from 499.72 to 506 (assuming, naturally, a finish above 506). In the next iteration, I would look to capture the move from 506 up, and so on, all the way until my short call was at-the-money or out-of-the-money, depending on what I was trying to do with the setup.
AMEX:SPYLong
by NaughtyPines
The EUR/USD forecast for reaching 1.11 by December 2024The EUR/USD forecast for reaching 1.11 by December 2024 might seem ambitious given current trends, but let's delve into why this could indeed happen: Economic Recovery in the EU: Recent posts on X highlight expectations around the ECB's monetary policy. If the European Central Bank continues to adjust rates in response to economic recovery signals, a stronger Euro might follow. Discussions around inflation cooling off and potential rate adjustments suggest a more robust Eurozone economy, which traditionally supports a higher EUR/USD rate. Political Stability and Sentiment: With the U.S. political landscape shifting due to the Democratic nomination of Kamala Harris for the 2024 election, there's a narrative shift. While not directly economic, political stability or perceived changes in policy direction can influence currency strength. If her campaign promises economic policies that might strengthen the Euro against the Dollar, this could be a psychological boost for EUR/USD. Market Sentiment and Speculation: There's noticeable chatter on platforms like X about EUR/USD movements. Speculation can drive markets; if traders and investors start betting on a stronger Euro due to any positive economic data or geopolitical shifts, this speculative buying could push the rate towards 1.11. Technical Analysis: Some analysts have pointed out key resistance and support levels. Breaking through these levels, especially with momentum, could set new targets. If EUR/USD manages to convincingly breach the 1.09 resistance and maintain that level, the next psychological target becomes 1.10, with 1.11 not far beyond in terms of market psychology. Interest Rate Differentials: If the ECB's rate adjustments lead to a narrowing of the interest rate differential with the Fed, capital flow might favor the Euro more, pushing its value up against the Dollar. Given historical trends, even a small change in rate expectations could significantly impact the forex market. Global Economic Factors: Broader economic conditions, like improvements in European trade balances, could bolster the Euro. If the EU manages to show resilience or growth in sectors previously affected by global downturns, this could reflect positively on the EUR. Seasonal Trends and Market Calendar: There's often a lull before the end-of-year where markets might move based on year-end portfolio adjustments. If there's a sentiment that the Euro will strengthen, this could be the period where movements towards 1.11 get traction due to year-end positioning.
Long
by NYRUNSGLOBAL
SPY/QQQ Plan Your Trade For 12-2: Tmp Bottom PatternToday's pattern suggests the SPY will attempt to move a bit higher after finding support in early trading. The one BIG event over the past 5+ trading days is the SPY rallying above the Ultimate High level - breaking into a confirmed Bullish price trend. This is part of what I'm trying to teach you: the patterns, techniques, thinking, and logic behind my decisions are based on mechanical price structures/processes. Once you understand the structures and price patterns, it is simple to try to understand. Fibonacci Price Theory teaches you to follow price as the ultimate indicator - measuring and marking ultimate, unique, and standout highs/lows as trigger points. AnchorBar theory teaches us to watch for breakaway or breakdown bars as precise indications of price trend direction/momentum. The Excess Phase Peak patterns represent a more nuanced price pattern that can assist us in determining the current "phase" of the markets and how we can expect prices to react to that phase. If you understand these three concepts, I believe you, as a trader, can unlock any price action and determine what type of trend we are currently in for any symbol/interval and where your opportunity lies for potential trades. I will continue to delve further into trading and teaching techniques to reinforce these techniques in the future. Stay cautious as the markets are still struggling to find a post-election trend. The Anomaly Event is still likely, but the probability of such an event has fallen to about 30-40% overall. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
#TheStrat Weekly/Monthly Setups For DecemberSPY - Closed previous D/W/M close to HOD after making new ATH, so the D/W/M all finished bright green. No evidence of sellers anywhere since every TF above the 60 is currently green. 60 closed slight green, but this can easily be justified as eod corrective activity since all 60 min candles before the last one of the day were green, and every TF above the 60 is green. Going into the new week and month, we can expect buying to continue until we see a lower low on the D, but the real sign of buyers vanishing / sellers gaining control for me will be a Lower Low on the weekly. Main Monthly Setups To Watch: Bullish : DKNG - 1-2-2 Q revstrat in force, 1-3 M, 2-1 W PM - Hammer 3-1 M BA - Counter Hammer Failed 2D M MRK - Hammer M at Downside Exhaustion Level Bearish: MU - Shooter 1-3 M, Failed 2U W ZIM - Rev Strat M at Upside Exhaustion Main Weekly Setups To Watch: Bullish: RTX - 3-1-1 W PLTR - MoMo Hammer W, Inside D GOOG - RevStrat Hammer D, Inside W Bearish: GAP - 3-1 at Exhaustion COIN - 2-1 W, Failed 2U D PINS - Shooter RevStrat Week, Shooter Inside D RDDT - Inside W (11 Consecutive Weekly HLs) SQ - Red Inside D/W at Q Exhaustion
AMEX:SPY
by Alanger17
#202448 - priceactiontds - weekly update - sp500 e-mini futurestl;dr sp500 e-mini futures: Max bullish. New ath is done, now I have two upper targets left for this year. We have 2 decent upper bull trend lines where only the #1 target of 6300 fits. The other would be 6450 but too far and too low probability for now. Bears would need anything below 5850 to kill the rally. Quote from last week: comment: Bullish bias I had, bullish it was. Market looks like it wants up bad. Every dip is bought heavily on increasing volume. Time is now to get above 6100 or we won’t get it at all. Market is beyond overvalued, overbought and the poor late bulls are just arriving. Guess who will be left holding the bags again. comment: Bullish bias I had, bullish it was. Again. Market wanted up and it got it. Is this stopping here? Probably not. Look for longs . current market cycle: Bull trend key levels: 5850 - 6150 (maybe even 6500) bull case: Last hurrah. 6150 is my next target and if we don’t stop, 6500. Is this a bubble? Yes. Can you short this? No. Trends can go much further than anyone can imagine and your account can not sustain the drawdown of early shorts. Breakout is clear, as is the chart. Invalidation is below 5850. bear case: Non-starter is this here. Daily close below 5850, then I start looking at this with a bigger bullish eye. Invalidation is above 6070. outlook last week: short term: I want to join the bulls again. Need strong confirmation first though. Still no interest in selling as of now. → Last Sunday we traded 5987 and now we are at 6051. Perfect outlook. short term: Bullish all the way. If market closes below 5900 I would turn neutral and daily close below 5800 would probably be the end of my bullish thesis and I turn bear. medium-long term - Update from 2024-11-24: 6150 and 6500 are my last targets for the bulls before this bubble begins to pop or at least deflate. current swing trade: None chart update: Nothing.
CME_MINI:MES1!Long
by priceactiontds
$SPY Why We Will Continue Down / Bear Market Not FinishedWhat is Federal Funds Rate? The federal funds rate is the interest rate at which banks and other depository institutions lend money to each other overnight on an uncollateralized basis. It is the interest rate at which banks can borrow or lend money in the federal funds market. The Federal Reserve uses the federal funds rate as a tool to implement monetary policy and control inflation. By raising or lowering the federal funds rate, the Federal Reserve can influence the overall level of interest rates in the economy, thereby impacting economic growth and inflation. How Does Federal Funds Rate Affect The Economy? The Federal Reserve's setting of the federal funds rate can have a significant impact on the overall economy. When the Federal Reserve raises the federal funds rate, it makes borrowing money more expensive for banks, which in turn makes borrowing more expensive for individuals and businesses. This can slow down economic growth by making it more difficult for companies to expand and for consumers to purchase big-ticket items like homes and cars. On the other hand, when the Federal Reserve lowers the federal funds rate, it makes borrowing cheaper, which can stimulate economic growth by making it easier for businesses to expand and for consumers to purchase big-ticket items. Lowering the federal funds rate can also help to combat inflation by making it less expensive for businesses to borrow money, which can help to keep prices stable. The Federal Reserve's setting of the federal funds rate can also affect the stock market, currency exchange rate, and bond market. In summary, the Federal Reserve's setting of the federal funds rate can have a significant impact on the economy by affecting interest rates, inflation, and economic growth. What is the Projection of Federal Funds Rate In 2023? Due to Ukraine and COVID, this has led to a historic rise in interest rates. This means that borrowing costs are increased, saving becomes more attractive/less spending, and stock prices may decrease/bonds favored. Markets expect the U.S. Federal Reserve to raise rates again on February 1, 2023, likely by 0.25 percentage points to 4.5%-4.75%. However, there’s a reasonable chance the Fed opts for a larger 0.5 percentage point hike. Hope this helps.
AMEX:SPYShort
by Smarter_Trades
15
S&P 500 HYPERWAVE CRASH The S&P 500 is currently going through a huge macro hyper-wave, this has been confirmed. This has already been calculated and factored into the 'algo', I'm highly confident we are approaching the final stages of 'wave 4' which will end in resumption to the downside (wave 5) and followed by the 'bounce' or 'wave 6'. After wave 6 has concluded, it's game over. Wave 7 will complete the hyper-wave and will be catastrophic to not only the markets but the economy by extension... please keep this in mind as when this all comes down we're entering something far worse than the 1929 crash and the great depression that followed.
SP:SPXShort
by BernerFX
2
SPY The Target Is DOWN! SELL! My dear subscribers, My technical analysis for SPY is below: The price is coiling around a solid key level - 602.45 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 588.60 My Stop Loss - 609.83 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
AMEX:SPYShort
by AnabelSignals
10
AAPL: 2025 Strategic Outlook: 75%+ BUY/HOLD🔸Time to update the AAPL outlook, this is 2D price chart, we are currently entering overpriced zone and limited upside in AAPL going forward. 🔸AAPL price action is contained within rising bullish price channel established since 2021. Havin said that we've entered premium / overprice zone and I'm expecting limited upside going forward over the next few month. Risk/reward is favoring a pullback/correction before a healthy uptrend can resume in 2025. 🔸Recommended strategy bulls: expecting pullback/correction to start in Q1 2025, 20/25% pullback is normal and therefore we may hit 170/180 USD in the correction stage of the bull market in AAPL. Bulls should wait for better prices / reload zone near 170/180. TP BULLS is 260/280 USD. this is obviously a setup for patient traders, do not expect overnight gains in this market. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:AAPLLong
by ProjectSyndicate
12