SPY Long From Support! Buy!
Hello,Traders!
SPY is trading in a strong
Uptrend an the index is
Already making a bullish
Rebound from the local
Horizontal support below
At 584$ which reinforces
Our bullish bias and makes
Us expect a further move up
Buy!
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Spy!
SPY/QQQ Plan Your Trade Video for 11-18: No INTERNET IssueMorning guys.
Something odd happened today after I created a great 45-minute morning video.
TradingView reported an Internet Issue even though my internet was working perfectly???
So, I DOWNLOADED the video so I have a record of it and posted it up elsewhere.
I don't know what to say - except check my profile on TradingView.
I was not going to try to replicate my 45 minute recording after experiencing this issue.
Get Some.
SPY LOVERS, BE READY ! This week, I decided to remove some objects I had in the chart history as references, which we’ve been analyzing, to make some space and clean up the chart a bit.
After reaching all-time highs, the price has naturally begun a retracement.
But what’s new in technical analysis?
Let’s analyze the price together:
In this case, I added an ascending channel where the price follows an upward sequence, bouncing between support and resistance.
Here’s the million-dollar question: How much further can the price drop?
If we look at the chart, I marked a very important line in red or maroon color at $575.12, which aligns with a resistance pivot and two indecisive candlesticks with identical volumetric bodies.
Often, indecisive levels are key to how the market makes sudden decisions after an indecisive candle. In this case, if we pay closer attention, the indecisive level marked in maroon color is positioned exactly at the support of the ascending channel. This suggests how far the price might fall, and we could potentially see a rebound. For me, this would be the primary scenario.
But...
If the price breaks through this level, my second scenario would be a drop to the order block. Since this level has acted as both support and resistance in the past, I can validate it as my secondary inflection zone or "Inflection Block."
You might wonder: What on earth is an inflection zone?
As I’ve mentioned multiple times and explained in some of my analysis, inflection zones—or points of inflection—represent moments where there’s a significant change in the price’s direction within a trend, whether in a market, an asset, or an economy.
On a trading chart, an inflection point is the spot where the chart changes direction or marks an important decision.
An inflection zone can also be a historical area on a chart. As we can see, my order block is already being considered an inflection zone because the price has historically made key moves within it. and i called it "Inflection Block" (See the white arrows).
Thank you for supporting my analysis.
TRADE SAFE
Best regards!
nasdaq to 20k?!good evening,
---
consider this post somewhat fictional for now, created more for entertainment purposes, but i want you to know that there are some serious data points which i'm going to bring up to build the case that the stock market has found a long term bottom.
---
~our monthly indicator is finally oversold for the first time since 2009 market low and is on the verge of crossing bullish.
~nasdaq is backtesting the monthly ichimoku cloud.
~0.382 cycle wave 4 target hit through a very complex correction .
~the monthly rsi has confirmed a hidden bear.
~the us dollar found a top and is headed down to about 80 bucks over this next year.
~us10y, topped out.
~fed might run out of money if they continue to press the markets.
~fear is at all time high.
~retail short positions are at all time high.
~and i'm buying everything.
---
the cycle w5 target on nasdaq sits at $20,000 and we could be in the early stages of beginning that ascension.
---
ps. take my words with a total grain of salt, as i could be very much dreaming here.
ps2. in my last big nasdaq post, i called the top, but was early by a few months. it also went a bit higher, so if i adjust the target with the current data, we have reached the 4th wave target successfully.
✌
ALL ROADS LEAD TO $PYI am feeling Bullish Monday for SPY. After the heavy selling on Friday.
The 4-hour chart shows a DOJI well stablished by a small green candle that start to show momentum. On the smaller time frame, it is rebounding on the support line at that level.
Supporting actions in relation to prediction:
1. Downtrace was not able to push lower than 50% in the FVG.
2. The lowest point once the great FVP was established was 585.43 and was not successfully broken at market close. Instead, it closed with the candle sitting above.
3. NVDA just rebounded at the small trendline created.
4. TSLA just rebounded at my last prediction price of 301 up, creating a sustainable support in that area to uptrend.
5. APPL is respecting a minor trendline within the 195 to 219 and starting to create a cross between 50 and 200 MA.
This indication seems that the companies will push the SPY level up next week.
If the SPY rejects this analysis I would wait until it reaches the 575/578 area for a push up.
(If it goes below of 568 may the market gods be with us.)
BEAR-TRAP : GAP Reversal May Lead To Larger EPP FlaggingPay attention to the dual Excess Phase Peak (EPP) patterns in the SPY this morning and how the current GAP Reversal pattern may resolve as a base/bottom in the markets in early trading.
I believe the markets will shift from this early breakdown into a moderate upward (Flagging) trend.
Learning to anticipate these types of shifts in the market can help you plan and prepare for future price trend rotations.
Knowing the SPY is likely to attempt to base/bottom from a broader EPP pattern (moving into the sideways Flagging stage #2) suggests traders may attempt to prepare for a 0.75% to 1.25% upward price swing over the next 2 to 4+ days.
This aggressive downward selling aligned perfectly with my SPY Cycle Patterns. Now, this low may be the Base/Bottom I'm expecting to shift into the FLAGGING phase of the larger EPP pattern (#2).
Buckle up. This should be fun.
Looks like a BEAR TRAP in the making.
Get some.
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SPY/QQQ Plan Your Trade For 11-15: GAP-Reversal Counter-TrendToday's Pattern suggests the SPY will GAP downward at the open and attempt to identify a base/bottom throughout the day.
I belive this move may represent a pause in the downward trend, shifting into a FLAGGING pattern as part of a broader Excess Phase Peak pattern.
If I'm correct, we are going to move into a moderate BUYing opportunity for the SPY/QQQ lasting into Tuesday/Wednesday of next week.
Gold and Silver appear to be setting up a base/bottom off a very deep Phase #5 (Ultimate Low) of a current Excess Phase Peak pattern. This means, if we continue to get confirmation, that Gold and Silver will attempt to move higher and attempt to move into the Phase #3 of the Excess Phase Peak pattern (a move into a consolidation phase).
BTCUSD is current exhibiting a dual type of Excess Phase Peak pattern that suggests a broader breakdown is in the works. Possibly back down to 78-82k. This could be a very big contraction event for BTCUSD.
Buckle up.
Happy Friday.
Get some.
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2024-11-14 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
tl;dr
sp500 e-mini futures - Bears moving it lower but barely. Every low was followed by 7-10 point pullback. For tomorrow I can see the following, 5909 is the daily 20ema and the breakout retest is at 5924. Those could be potential targets if the bears are strong and keep the market below 6000. Above 6000 I think many bears will give up and market could retry 6030 or higher. On the daily chart we have a two legged pullback and bulls are free to melt again. Still heavily favoring the bulls since the selling is so weak.
comment : Close below 6000 was good for the bears but does the 1h chart look bearish to you? Look at the daily chart and see how insignificant this move down is. Bears would need a big acceleration down and keep the market below the 5m 20ema for couple of hours and 100+ points. This will likely be a minor pullback which the bulls buy tomorrow. Be prepared for a nasty short squeeze tomorrow. I would not be surprised if we close above 6060 but consider me dumbfounded if we close the week below 5950.
current market cycle: bull trend
key levels: 5900 - 6100
bull case: Bulls want to close the week green and print another buy signal going into next week. Most bears will likely cover above 6000 and try again around 6015, which was the big magnet for the entire week and it will likely be for tomorrow as well. Above 6035 we see a complete give up by bears until 6053. Everything is in place for a big move tomorrow.
Invalidation is below 5960.
bear case: Bears closed below 6000. That’s the only thing they have going for them. Can they get down to the breakout price 5924 and daily 20ema around 5911? I highly doubt it. For that to happen the market would have to stay below 6000 and trap many bulls. Even a hot ppi print today could not move the market much and we had two sided trading all day. In all fairness, we have a very clear bull channel on the daily chart, with 2 upper trend lines, one around the ath 6053 and the other currently runs through 6180. I think 6180 is currently much more likely than touching the lower trend line at 5760.
Invalidation is above 6001.
short term: Bullish. Want to see a 2%+ up move tomorrow and squeeze further. Below 5950 we will print 5920 or 5900.
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.
Update 2024-11-14: Blow-off top happening right now. Got measured move targets above 6150 or higher. Santa came early, so don’t expect him to come around again this year.
current swing trade : Nope
trade of the day: Selling the open was decent I guess. Market looks much more bearish on the 1h tf than it was. Much two sided trading with better end for the bears. I don’t think selling 6000 was a good trade, despite going down to 5964.
Special Update: Trump Win Sets Off Predatory Fed ActionsThis video highlights why I believe 2025 & 2026 will be filled with incredible opportunities for traders/investors.
Most people don't understand that the world's financial markets are connected through central bank policy and credit/debt operations. Global economies operate in some ways as interconnected economies, but many aspects of individual global economies are unique to their local economies, governments, and monetary policies.
Right now, we are living through what may become the "Great Decoupling Event," as I believe the actions of the US Federal Reserve and global central banks over the past 10+ years have created a unique situation for investors.
There has never been a time when global central banks attempted to coordinate around a global event (like COVID) in an attempt to spark economic activity. Usually, global central banks operate somewhat autonomously, depending on localized credit/debt/economic factors.
After the COVID crisis, I believe global central banks moved back into that mostly autonomous mode and failed to see the potential strength of the US economy - driving foreign currency values and debt markets crazy.
With Trump's second term "locked up," the data shows the money supply activity and expectations have changed (upward). The recent rate decreases by the US Fed were in the wrong direction. Now that money supply activity is moving aggressively to the upside, I think the US Fed will aggressively change its direction and begin to raise rates in early 2025 (or maybe even before the end of 2024).
This video attempts to show you why I believe an Anomaly Event is very likely before January 2025 and why I believe the US Fed is currently unprepared for what will likely come in early 2025 with Trump's inauguration.
If this trend continues, the Fed will be forced to fight inflationary trends again aggressively, which will most likely put extreme pressure on global credit/debt markets.
As a trader/investor - this should present some great opportunities for skilled traders.
Get some.
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SPY/QQQ Plan Your Trade For 11-14 : Temp Bottom In Trend ModeToday's pattern suggests the SPY will attempt to continue to flag sideways and slightly higher after finding support in early trading.
Watch my video in detail. I go into a lot of longer-term price pattern detail and discuss the post-election setup of my Anomaly Event expectation.
As I see the markets right now, they have moved, and continue to move in a direction that is likely to present a very real moderate crisis event over the next 3 to 6+ months.
The stronger US Dollar is very likely to put pressure on foreign markets/debt related to the "carry trade" that was abundant before and after COVID. The Trump win is sending the markets into a Super-Predator mode (maybe I'll create a new video about this), where global markets, central banks, and global financial institutions may be at risk related to their long-term debt positions.
At this point, The SPY and the QQQ will likely slide into a consolidation phase (a type of FLAGGING related to the broader Excess Phase Peak pattern) over the next 3+ days. Then, I expect the Anomaly Event to start to take shape and for the SPY/QQQ to begin a downward price trend.
Gold and Silver are struggling to find a bottom as the US Dollar continues to rally. Don't expect any relief for metals as along as the US Dollar is rallying like this.
This is a predatory shift related to global assets and Gold/Silver are going to stay weaker for as long as this shift continues.
BTCUSD may rally up to $108k~120k if my research is correct. BTCUSD is in a "rally to the ultimate high" mode based on a very large Weekly Excess Phase Peak pattern.
Remember, everything you need to know is already on the price chart. You just have to learn to identify these patterns and spend some time looking around at various intervals to figure out what is going to happen next.
Get some.
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CHWY has this 39$ potential- 32.87 is a key support area, breaching it and chances of CHWY poking the 39 this month is weak.
- look for 35 call this week with profit target around 36.
- On a monthly time frame this can go to 39, but thats all depend on keeping with this
bullish momentum.
- Resistance are likely around 34.49, 36.72 and 39.56
500% gains SGMO BUY/HOLD swing trade setup🔸Hello traders, today let's review 3days price chart for SGMO.
Previously One of the titans of the biotech industry then fell out
of grace and dumped 95% off the highs from the prior distribution range.
🔸Currently decent recovery off the lows and also we got bullish
liquidity gaps protecting downside below 1.00 USD. currently trading
near 2.50 USD, however this is also heavy resistance so expecting
decent pullback to pickup liquidity below before the rally resumes.
🔸Recommended strategy bulls: Bulls wait for pullback to complete
near 1.00 USD. The target for the bulls is re-test of mid of the multiyear
distribution range at 5-6.00 USD, so this is 500-600% gains from the
recommended entry price at 1.00 USD. Keep in mind, this is a swing
trade setup also a 500%+ move in biotech industry may take a while
to complete, so this is a setup for patient BUY/HOLD traders.
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GOLD WAVE 4 UNDERWAY final top 3200The chart posted ahs been my work and view of GOLD we topped into major wave 3 at the higher targets of 2824 plus or minus 50 . I turned rather bearish at 2763. We are now in the pullback and will post details for wave 4 low this will mark a nice bottom and we will see the LAST BULL MARKET WAVE UP into 3200 from this point I see a 1980 top and then The major crash similar to 1980 to 1982 . BTW I made my first windfall into the 1982 low in gold and silver at 26 yrs old I feel rather strong as to the similarities Regan =Trump
SPY/QQQ Plan Your Trade For 11-13 : Consolidation PatternToday's SPY Cycle Pattern is a Consolidation pattern. I believe the SPY will continue to attempt to form a "rolling top" pattern over the next few days and attempt to move into my Anomaly event over the next 15+ days.
This Anomaly event is likely to prompt a fairly strong downward trend related to the recent post-election rally.
I believe Gold and Silver MAY HAVE found the ultimate low. It sure looks like Gold and Silver are attempting to base with a near-perfect Excess Phase Peak pattern Ultimate Low setup.
Time will tell. If gold and silver fall further, the rallying of the US dollar will likely be the cause.
I'm watching BTCUSD for a toping formation as I spent quite a bit of time going over the dual Excess Phase Peak pattern in BTCUSD. This is very interesting because it aligns with Fibonacci Price Theory very cleanly.
Today, it seems traders can kind of take a break from the markets. If my analysis is correct, today will be a fairly quiet Consolidation day - where price attempts to trade in a bit of a sideways price mode - searching for the next big move.
Pay attention to the BTCUSD chart where I highlight the 13:00 to 15:00 ET Flag Apex time. It appears BTCUSD may move into a volatile price phase near this time - possibly associated with some news or event.
Get some.
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Chart you should be interested atThis scenario I shared took time and multiple scenarios from EW
In the end, this is the best scenario
And in my opinion, you could see how the high-risk markets started to pump
That usually happens in the 5th wave of the bigger markets like sp500 etc...
You can call that liquidity sharing
It happens in the 5th to create as much FOMO as possible + bring liquidity to the market
I still hold most of my positions in crypto and some stocks
.
About the analysis I shared
.
The one notice is
It could go more up than the targets
The targets I used are W5=W1
If you use W5=0.618,0.78 of W3
You will get other possible targets
I am not hiding a secret here
Those are kinda basics in EW or Fibo trading but most people forget about it
I am not saying get out of the market I will never say such a thing
What I will say is get ready for the next opportunity
Dont burn your profits