SPY S&P 500 ETF End of the Year Price Target If you haven`t bought the recent dip on SPY:
Now with Goldman Sachs lowering U.S. recession odds from 20% to 15% and raising their 2024 year-end S&P 500 target to 6000 from 5600, the outlook for the market appears increasingly optimistic.
The reduced recession risk suggests stronger economic stability, and the upward revision in the S&P target points to continued growth potential.
Given these factors, I agree that a year-end price target of 600 on SPY is achievable.
Spy!
SPY/QQQ Plan Your Trade For 11-11: Gap Potential In Trend ModeHappy Veterans Day.
Thanks to all the current and past service members who have dedicated so much time and effort to protect all of us from the evil in the world. If you have anyone in your family that has served in the military, please take a moment to call and thank them for their service today.
As today is a Federal holiday, I expect the markets to be somewhat muted in terms of trends.
We are still seeing BTCUSD rally higher as the Trump win delivers a clear mandate related to global crypto/blockchain opportunities.
We are still dealing with a market in a post-election rally phase. I believe this rally phase will diminish over the next 5 to 7+ days and move into the early stages of my Anomaly phase.
My research suggests the US and global markets are likely to move into a consolidation phase before attempting to move into a very late phase Santa Rally.
So, at this point, with the SPY breaching 600 in pre-market trading, I would suggest traders start to PULL PROFITS and prepare for what I believe will be a moderate consolidation of price over the next 5-7+ trading days.
Gold and Silver are still FLAGGING in an inverted Excess Phase Peak pattern. This is currently a bearish price trend - attempting to break higher to move into a rally to Phase #3 (consolidation).
We could see some big price rotation today if Gold and Silver break above the FLAGGING trend.
Buckle up.
Get some.
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#202445 - priceactiontds - weekly update - sp500 e-mini futuresGood Evening and I hope you are well.
tl;dr
sp500 e-mini futures : Bullish. Breakout was strong with follow through and I have a measured move target to 6400+ and a trend line that runs through 6200. Even if we get a pullback, the first one will most likely be bought and we retest 6050. What would the bears need to make this the ultimate bull trap? One giant bear bar that closes below 5850 could do it but how likely is that? It’s absolutely reasonable to not buy into this madness and wait for bears to come around. I would be surprised if we closed 2024 above 6000.
Quote from last week:
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.
comment : Same logic here as for dax. Bears failed to get below 5700 and on Tuesday market went the other direction. Wednesday was certainly a huge bull surprise and we went high enough that it opens even higher targets. The rally lost steam on Thursday/Friday, which could result in a pullback first. I draw the line for bulls around 5850, if we drop below, we might as well go 5800 followed by 5730.
current market cycle: Bull trend
key levels: 5850 - 6050 (above 6050, 6200 comes in play)
bull case: With 6000 my bullish targets were met but this does not look like it’s reversing anytime soon. If bulls keep it above 5850, we are free to go up to 6100/6150. A measured move from last week up gives us 5300 and I even have a measured move target at 6500ish from the August rally but that is obviously very far fetched for now.
Invalidation is below 5850.
bear case: Bears have nothing as of now. The rally last week was strong enough to expect more upside and bears could not trade more than a bar below the 1h 20ema since Tuesday. The best they can hope for is that the bull trend line above us, holds and market does not go much above 6050. My bullish targets were met with 6000 but the market obviously broke strong enough above it. Bears have no decent reason to sell this right now.
Invalidation is above 6100.
outlook last week:
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.
→ Last Sunday we traded 5758 and now we are at 6025. Well, at least I was not bearish.
short term: I want to join the bulls but need a pullback first or a strong momentum break above 6030. Zero bearish thoughts as of now.
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: Removed bear lines, adjusted bull trend line and added bull channel
Weekly S&P ProyectionSince the market did not correct as expected, this opens up the possibility for a new period of euphoria. As show in the graph this has happened before from the year 2020 to 2022. Price is typically considered to not follow a normal distribution, therefore using one to estimate if price is over extended has its flaws. This is because the true distribution of a security is a multinomial distribution, where price can either go up, down or stay equal.
The reason price behaves in such an odd manner is because price, has 2 unknown probabilities. Such probabilities can be calculated for the past, but not for the future. These are the probability of a price increase, and the probability of price staying the same, consequently the probability of price decreasing will be 1 minus the sum of the two previous probabilities. The value of such probabilities also fluctuates, and is determined by the market. When a market becomes overexcited, the probability of price increasing is closer to 1 than it's other counter probabilities. When this happens, a normal model no longer becomes suitable for estimating the limits of the distribution.
If one has a multinomial distribution, thought of as a graph with nodes in a shape of a 3D tree, where each node has a relationship with 3 subsequent nodes. Where each relationship carries one of the probabilities mentioned before (with no repetitions). Starting with 1 initial node, then 4 then 16 … previous+previous*3n. One is able to create a mental map of true, the price action distribution. From these, one could calculate new limits, by using bootstrapping.
However, since the computational power of such algorithm is complex, we can use the mean returns indicator to evaluate the trend and see that currently the trend is positive. This would mean that the probability of increasing is most likely also closer to one. If the mean returns were at 0 then the probability of price staying the same would be closer to one, and if it's below zero the same is true for a downtrend. Currently, the trend is positive, and not close to the theoretical limits of price action. This means that the probability of seeing a skewed distribution in the future are relatively high. However, if you still use a normal distribution to estimate the limits, then price is due for a correction. Only time will tell, as over excitement can move markets past their technical limits, and that is something that will always be a flaw in any technical approach to model price action.
Scinarios for $SPX till the election year ends Bearish daily candle on Friday 25th Oct but watching RSI signals its showing some support to the up-trend line from Aug low . This setup suggested continuation upward trend up to next week and election week then signal can be more clear!.
Above 5855 is bulish entry and below 8750 is bearish one.
6000 target still valid but i will recommend 5920 to take profit
for downplay 5640 is last support which is related to FED pivot cutting . good luck
SPY: Free Trading Signal
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- Classic bearish setup
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Swing Trade
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Hey SPYLOVERS ! Enjoy the Bull Ride !!!! Election Week and Interest Rate Cuts Did Not Disappoint Us at All
The truth is, it was a very difficult week to predict price movements. However, out of the two possible scenarios I shared last week, Scenario #1 was the winner, and it was the one I had the most confidence in!
At this moment, the price is in "no man's land," meaning there is no historical price data on the chart where we can find a level for the price to hold or replicate its movement. In this case, I believe that, from here on, the price will move based on upcoming economic news or as we approach the date when President-elect Donald Trump will officially become the President of the United States (POTUS).
Let's enjoy this bull run that is happening—these are important times for the country, and we need to take advantage of those swings!
Best regards, and thank you for supporting my analysis. See you next week!
SPY A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for SPY below:
The price is coiling around a solid key level - 598.24
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 583.97
Safe Stop Loss - 606.52
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
How to PREDICT MARKETS! Tops and BottomsIn this video, I go over the following in great detail:
Predicting Markets with Williams %R, RSI, and MACD
Predicting market movements can be challenging, but combining the Williams %R, Relative Strength Index (RSI), and Moving Average Convergence/Divergence (MACD) indicators can provide powerful insights for traders.
Williams %R measures the current closing price relative to the high-low range over a specific period, helping identify overbought or oversold conditions. RSI gauges the speed and change of price movements, also indicating overbought or oversold levels. MACD analyzes the relationship between two moving averages of a security's price, identifying potential buy or sell signals.
By using these three indicators together, traders can:
Confirm Trends: When all three indicators align, it strengthens the signal for a potential trend continuation or reversal.
Identify Entry and Exit Points: Overbought or oversold signals from these indicators can help pinpoint optimal entry and exit points.
Reduce False Signals: Combining multiple indicators can help filter out false signals, increasing the reliability of predictions.
Opening (IRA): SPY November 15th 501 Covered Call... for a 497.51 debit.
Comments: Re-upping at a strike that is a smidge higher than what I just took profit on, looking to eek out just a smidge more out of November without taking on a huge amount of additional risk ... .
Buying Power Effect/Break Even: 497.51
Max Profit: 3.49
ROC at Max: .70%
50% Max: 1.75
ROC at 50% Max: .35%
SUPER STOCKS 2023 notes & issues for POSiTiONiNG there are stocks driven by MARKET .. meaning float is out in the public
that normally has a DRUNK price action with gaps and erratic volume
there are issues with an assigned Specialist
that can TRADE or CROSS huge volume without moving the price or go beyond a range RANGE
highlighted ones have been decided by both the MARKET and the MARKET MAKER
best of both worlds where artificial price meets the wisdom of PUBLiC
Vanguard holds most or is the CUSTODY of most issues
Citadel & the gang of 3 manages the FLOAT
FUNDS are public
PUBLIC is barometer for entry or exit of Sovereign and Trust Fund babies on a 3 5 7 10 year cycle
determined by the FED's cost of printing borrowinng and lending
note:
Market Cap is dated June 22, 2022 ... Bottom are of MARKETS
Target Reached on GMETV Followers, TV has taken down and removed quite a few of my posts/videos due to my QR tag being embedded in them. I was then subsequently suspended for a few days. So, I wanted to come back and just update you on a few of those posts that were removed. GME was one of them. GME reached the W-pattern target and has entered a large liquidity block. I have decided to sell here a few days ago for some nice profit. My signal has not flashed red yet, but I wanted to capture those nice gainz while I had them.
I implemented my new indicator into my trading process in September of this year. Since that time we have not had a single loss recorded on our stock tracker! ZERO! None. All wins. Currently, we are in floating profit on all stock trades and killing it! Congrats to those who are following me in these trades.
Our average time in each stock trade is around 17 days. This is exactly where I want to be in order to give you all the time to enter the trades and exit as I post my signals.
To tell you the truth, we are doing much better than I imagined and are even beating our rate of profit on the crypto tracker! We have 12 exits for 12 wins, and the current trades will all exit in profit, equalling a 100% win rate over the last two months.
I knew I had stumbled across something remarkable when I accidentally found my indicator combo while studying the charts. I am super excited about what the future holds for all of us!
Today, I have raised the stops on all of my stock entries. I feel we may be starting to get a bit over-heated. I want to capture those profits while I have them.
Best,
Stew
SPY/QQQ Plan Your Trade For 11-8 : Counter-trend RallyHappy Friday everyone,
Today's SPY Cycle Pattern is a Rally in Counter-trend mode.
I interpret this as a moderate downward price trend for the SPY - possibly pulling the SPY into the GAP created after yesterday's opening GAP rally.
I got into deep detail related to the potential anomaly event setting up over the next three weeks for the SPY & QQQ in this video.
I also go into a fairly deep analysis of Gold and Silver - relating my expectations and how these moves align cleanly with an inverted Excess Phase Peak pattern.
And, I even go into broad detail for BTCUSD and how I see multiple aligned Excess Phase Peak Patterns setting up to drive big trends over the next 3-4 weeks.
As I stated near the end of this video, the next 5-7+ years are going to be filled with opportunity. I suggest everyone get ready for the biggest opportunity of your life.
I hope you enjoy my videos and research. I know some of you have already experienced tremendous success following my research.
I'm urging to you consider the opportunity that will be available as the markets continue to trend through my window of opportunity - and how you want to try to profit from these moves.
Remember, the markets will always be there - but these opportunities are unique to the next 5-7+ years.
Get some.
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Can AMD hit 240 USD in Q1 2025? 100% BUY/HOLD for the bulls.🔸Time to update the AMD trade setup, this is a speculative bull flag
with pole setup in progress, with 100% upside potential.
🔸AMD massively trailing behind NVDA entire year in 2024, expecting
AMD to catch up next few months. Currently price action compressing
withing bull flag, based on measured move projection expecting price
target is 240 USD, so this 100% upside from the entry price for the bulls.
🔸Recommended strategy bulls: expecting pullback to complete near 120 USD in December going into holiday seasons, limited downside beyond 120 USD. BUY/HOLD near 120 TP bulls is 240 USD, which is 100% upside. Expecting target to get hit in Q1 2025. good luck traders.
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2024-11-07 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
tl;dr
sp500 e-mini futures - Neutral. All bullish targets are met for me and I will not long anything above 5980 anymore. Too early for shorts, wait for bears to come around with force. Blow-off top with 6050 or 6100 is not out of the question, so best to join on momentum or sit on hands. Next big points will be made to the downside.
comment: All my bullish targets are now met and I would not look for longs above 5980. I got one more measured move higher to 6160 but that’s just beyond insane to expect this to be hit. But so was 6000 and here we are. All bubbles burst eventually, so will this.
current market cycle: bull wedge
key levels: 5720 - 6013
bull case: Bulls got 6000 and now want to continue and make this look like a real breakout above the bull wedge to trap many weak traders into longing this above 6000 and make them exit liquidity. At least that’s what I see potentially happening here. No interest in longs up here or looking for arguments for bulls. This is the biggest bubble there ever was. Next big points will be made to the downside.
Invalidation is below 5720.
bear case: Bears still don’t have much. The selling will start once enough bulls begin to take profits. Market is trying again to break above a multi week bull pattern and those rarely succeed. Don’t try to be an early bear and burn your account. This could easily go 50-100 points higher before turning. Measured move down from 6000 to 5730 leads exactly to the September low, where the bull trend line started. If we hit that price in 2024, you read this here first.
Invalidation is above 6050.
short term : Neutral. Scalps only for me until bears come around big time.
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 2024-11-07: Blow-off top happening right now and 6013 could be the end of it, I don’t know. Next comes the correction before bulls try another run at the highs during santa rally.
current swing trade: Nope
trade of the day: Buy anwhere. Again. 1h 20ema not touched since Tuesday. Trends do not get stronger than this.
Fibonacci/Gann & 3-6-9 Chart Play: The TOP may be IN I was trying to identify if/how the market may be topping in relation to the post-election rally phase and started with a blank Daily SPY chart.
After drawing a few line of the chart, I started with an idea that Broad market pullbacks may be the key to identifying/timing market expansion phases (coupled with a bit of logic).
This video highlights this theory going back to 2018 and examines a number of price pullback trends as well as Fibonacci Timing structures related to Fibonacci Price Expansion blocks.
I think you will find this very useful as I continue to delve deeper into the 3-6-9 structure, polarity shifts (binary shifts) and trying to unlock the secrets of price trends/extensions.
Hope you enjoy...
Oh.. and it looks like the US markets are about to top if my research is correct.
Get some.
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SPY/QQQ Plan Your Trade For 11-7 : Rally Pattern DayGood morning,
Although I would argue the post-election rally may already be moving into exhaustion, the SPY Cycle Patterns suggest today is a Rally pattern in Trending mode. So, I expect the markets to attempt a bit of a carryover rally phase today - moving into a Counter-trend Rally pattern tomorrow.
That counter-trend rally pattern suggests the markets will try to find a peak/top and roll downward into the close of the week.
Gold and Silver appear to be basing with a potential for another move downward today - retesting recent lows. Based on my estimate related to Fibonacci Time Cycles, I believe Metals is looking for a momentum base to rally off of. Thus, I suggest traders prepare for a big move upward in Gold and Silver over the next 4 to 7+ trading days.
Bitcoin is still in a Bullish trending phase after breaking into new highs. Today, I spent quite a bit of time going over the Excess Phase Peak pattern related to how the price is trending and what to expect.
It is critical to understand that the markets will move away from this post-election relief rally phase over the next week or so. Ultimately, what has changed is that we have a new POTUS with new policies and objectives in 2025. Right now, everything is still pretty much the same as it was last week.
Volatility is still high and I urge traders to stay cautious. The time for adding more liquidity will come after November 25-30.
Remember, the number 1 rule for traders is to Protect Capital. You can still trade, just trade much smaller allocation levels for now.
We are about to move into a period of moderate consolidation. Sit back and wait out this sideways trend. The real opportunity will come after November 25-30.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
$SPY up to $614 as final blow off top move?I initially thought we'd see a move down of 5%-10% pre election. I played the move through AMEX:UVXY calls.
We didn't end up seeing the full move play out that I had expected, but was able to capitalize on the move down yesterday when AMEX:UVXY was above $30. I sold all my calls yesterday as I expected downside to only be possible prior to Nov 1. So far, it's looking like that was a good call as we're starting to see a bounce today.
Now that we've in November, I expect a bullish move to play out through the election and after for a final blow off top.
I think it's likely that we see a move to $614 over the next two weeks.
I'll be buying $600C today for 11/15 to try to capitalize on this move higher.
Let's see if it plays out.