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SPY/QQQ Plan Your Trade 10-2 End Of Day Review.For those of you following my research and SPY Cycle Patterns, this video helps to understand where we are within the SPY Cycle Patterns (and also the GOLD Cycle Patterns) while providing context and information related to future trends. I suspect the price will follow my "Buy Here" and "Sell Here" levels very closely, as this week's price rotation seems very clear. Most traders should have no problem trying to understand where opportunities exist after the recent Harami and CRUSH patterns collided into one bigger downward sweep of price. Over the last few days, the Israeli/Lebanon conflict became a focal point, and prices reacted to this news. Now that the issue seems to have passed (a bit), the markets will return to doing what they do. Watch this video and post any questions you may have. The rest of this week should be a great opportunity for skilled traders. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
SPY Advanced Analysis by Deno Trading: What’s Next for the S&P 5Let’s dive into the SPY analysis across multiple timeframes, looking for key insights on where the market could be headed. I’ll break it down step by step so it’s easier to follow along. 30-Minute Chart Overview: Current Price Action: We’re sitting around $569, and what’s really interesting is that SPY has been consolidating after hitting a recent high of $570. The market is in a bit of a tug-of-war between bulls and bears, and we’re right at a pivotal level. Key Resistance: The $570 - $574 zone is a major resistance level. Every time we’ve tested it recently, we’ve seen the market pull back, indicating strong selling pressure. This zone is critical, and we’ll need to break above it with volume to see any further upside. Support: On the downside, the first level of support is around $565, followed by $561, which aligns with the 50-period moving average on the 30-minute chart. If the price breaks below this level, we could see further downside pressure. 4-Hour Chart Insights: Moving Average Support: On the 4-hour chart, we’re seeing strong support at $561, where the 50-period moving average has been acting as a floor for recent price action. As long as SPY holds this level, the bulls still have a chance to regain control. Potential Bullish Scenario: If the price holds $561 and pushes higher, a break above $574 could take us to new highs for the year, potentially testing levels above $580. Bearish Case: If we fail to hold $561, I’d expect a move down towards $552, where the next level of support lies. This level has acted as both resistance and support in the past, making it an important area to watch. Daily Chart Breakdown: Longer-Term Uptrend: The daily chart shows that SPY is still in a broader uptrend, holding above the 200-day moving average, currently sitting around $552. This level has provided a solid base throughout the year, so as long as we remain above it, the long-term trend remains bullish. Current Resistance: The $570 - $574 resistance zone is evident here as well. This level marks the highs from September, and breaking it would signal the market’s willingness to push towards $580 and beyond. Weekly Chart for Perspective: Larger Timeframe: The weekly chart tells a similar story. We’re hovering around $570, right at a major resistance level. The 50-week moving average, sitting around $512, is well below the current price, suggesting we still have a cushion before a significant breakdown would occur. What to Watch: If we break $574 on the weekly chart, we could see a massive bullish continuation. However, failure to break this level could lead to a bigger pullback to $550 or even $530 in the weeks ahead. Conclusion & What I’m Watching: Bullish Breakout Scenario: If SPY breaks above $574 with strong volume, we could see a rally towards $580 or higher. This would confirm that buyers are back in control. Bearish Rejection Scenario: On the flip side, failure to break this resistance could lead to a pullback towards $561 or even $552. If we break below those levels, the bearish case strengthens, and we could see further downside. Final Thoughts: Right now, we’re at a pivotal point. The next few trading sessions will determine whether we’re gearing up for a breakout or a more significant pullback. I’m watching the $570 - $574 level closely for signs of either bullish continuation or rejection.
AMEX:SPY
by Deno_Trading
SPY is about to complete its blow-off topThe current atmosphere is of extreme fear. However VIX has not spiked as much as anticipated and a significant amount of assets are either completely oversold or seemingly getting ready to short squeeze (see GME, DJT, BTC). Looking at the chart, the top also seems incomplete. US elections are forthcoming, and global M2 supply is rising. I cannot currently see the bear case yet, but with the amount of shorts and puts that have accumulated in a panic-driven fashion during last week any upside move would lead to immediate and violent upside continuation. Extreme R:R for those who dare. Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.
AMEX:SPYLong
by variable_not_defined
1
SPY 09/13Perfect followthrough, right on track for the blow-off top idea. Stoploss and TP are approximate and not recommendations. Expect volatility. Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.
AMEX:SPYLong
by variable_not_defined
SPY/QQQ Plan Your Trade 10-2 CRUSH Pattern UpdateThe SPY is searching and seeking support early in trading today. I believe this attempt to find support will fail, and the price will continue downward, attempting to find lower support. Watch this video as price attempts to identify direction and trend. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
4
$CMG Ready to Add a Quick 8%? NYSE:CMG has quite a few technical indications that it is getting ready to make a measured move to around $63 a share. Longer term $70 seems to be an area where this upcoming move may encounter quite a bit of resistance. See the chart for notes. I am looking at this as being a “W” pattern and while the right side of the “W” is shallow, I think it qualifies “in spirit.” You can see the measured move I have put on the chart. And we have a series of higher lows and now a flat base to launch it’s next move from. If it fails here the stop should be below the most recent higher low, around 56.80. I am long $CMG. Ideas, not investing / trading advice.
NYSE:CMGLong
by jaxdog
5
SPY/QQQ Plan Your Trade For 10-2 : CRUSH Pattern TodayPlease take a minute to watch this video related to my SPY Cycle Patterns and today's CRUSH pattern. Although I expect the markets to find support over the next 2-3 days and resume the rally higher, today's CRUSH pattern will likely prompt the markets to sell downward, looking for support. I've clearly laid out the rotations I expect for the SPY/QQQ, and Gold/Silver in this video. I've also shown why I believe BTCUSD will struggle to move away from the $57k to $61k level over the next 10 to 15+ days. It is likely trapped in a rolling base/bottom pattern, moving into the Flagging stage of the Excess Phase Peak pattern. The markets are struggling for direction right now, but I believe the outcome for the SPY/QQQ is still bullish and I believe Gold and Silver will make a very big move higher into the end of this year. Bitcoin is another story. It is searching for support and may break downward if this Excess Phase Peak pattern unfolds correctly. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
4
10/1 Bull trap is confirmed. Monthly level $64k didn't hold.Overview: The AMEX:SPY started the day with a large red candle, erasing all of Jerome Powell's optimism from his speech yesterday. Early in the session, before the Federal Reserve even released its report, the market was already sliding, triggered by more-than-expected job openings. Within the first 60 minutes of trading, all of last week's gains vanished. Adding to the downturn, trading volume surged, surpassing yesterday’s levels, signaling increased selling pressure. As is typical, the Nasdaq NASDAQ:QQQ experienced more significant swings, hitting its lowest point of the day, which coincided with the highest point from last Wednesday’s rate cut announcement. This underscores the volatility in the tech sector. All eyes are now on Friday's unemployment rate report, where the market expects a figure of 4.2%. Should the report show lower unemployment driven by improving labor conditions, it may compel the Federal Reserve to keep interest rates high. Such a move could further dampen the growth of risky assets like stocks and cryptocurrencies. Tuesday marked the first day of negative ETF flows for Bitcoin. Major players like Fidelity, Bitwise, and ARK Invest dumped approximately $250 million worth of BINANCE:BTCUSDT . Meanwhile, BlackRock continued its seven-day buying spree, leaving many to wonder: Do they know something retail investors don't? Or perhaps they aren't as "smart money" as often assumed? Only time will tell if loading up at the 60k level was a wise move. Despite initial hopes, Bitcoin has not yet proven itself as a safe haven asset like gold or Swiss francs. In times of heightened geopolitical tension, such as the recent events in the Middle East, risky assets like Bitcoin and altcoins tend to suffer the most. BTC TA: W: In just two trading days, Bitcoin’s weekly candle turned red, dropping the price below the $64 k level, which coincided with both monthly and weekly resistance. Up until Monday, there was still hope for a potential fifth bull wave if BTC could recover the $64 k level after the initial drop. However, continued selling pressure wiped out any bullish momentum. D: Monday's bearish prediction proved correct, with Bitcoin dropping by 3.98% on Tuesday. This sell-off is significant but not unprecedented, as larger price movements occurred in early August with losses of 5.70% on August 2nd and 7% on August 5th. Are we seeing a repeat of early August? September's first week wasn't particularly bullish either, with prices briefly touching 56.9k. Unfortunately, the current MACD setup looks eerily similar to the lead-up to the August 5th crash. Currently, BTC is hovering around the 61.5k level, which was drawn weeks ago as a key support. 4h: The RSI is now oversold, but the MACD has not yet shown any bullish divergence. There is potential for a short-term recovery to the 63.5k - $64 k level, but sentiment remains cautious. Short-term bullish. 1h: On the 1-hour chart, the RSI has started to rise, moving toward the 50 level, indicating a neutral stance. No clear divergences have formed. Altcoins Relative to BTC: Earlier in the week, altcoins were outperforming Bitcoin, negating any concerns of a bull trap. However, they have since retraced to their respective moving averages without front-running this recent BTC crash. Altcoins are moving in sync with Bitcoin, showing no major divergence. Bull Case: BlackRock could be proven right, continuing to buy at the 60k level. Should Bitcoin dip to the $58-60k range, they may accumulate even more, reversing the bearish sentiment and forcing retail traders to halt their selling. Bear Case: The fifth bullish wave has officially failed, confirming a massive bull trap. If BlackRock's strategy fails, retail investors may see a significant wipeout. Fear and Greed Index: The Fear and Greed Index dropped to 39, officially entering "Fear" territory. Historically, entering the fear zone has led to steep declines: 07/04: The market dropped 6% the next day. 08/04: A 15% drop occurred the following day. 09/03: A 9.25% decline within three days. Prediction: The bull run appears to be invalidated. After three weeks of growth, BTC is now likely to correct down to at least the 61.4k - 59.1k range by the end of this week.
COINBASE:BTCUSDShort
by EvgenCapital
Q4 Kickoff - US down, VIX Up, Oil Drama, China RipQuick video recap to highlight what's the latest and greatest in the markets. Oct 1 - Happy Q4 US Big Tech in "big red" today US Energy in "big green" today - thanks for a wild bid on USOIL China continues to rip "green" and it's playing catchup quickly US will have to deal with employment news, inflation news, earnings news, all before the US Election and Nov 7 FOMC Rate Decision (expecting another 25 bps cut) Major levels to the downside if there's a US market pullback, FOMC lows, gap fills, and up trendline levels (50 period SMA, 100 period SMA, 200 period SMA) but we'll see Stay frosty out there :) Thanks for watching!!!
AMEX:SPY
by ChrisPulver
2
SPY/QQQ Plan Your Trade For 10-1 : Amazing Harami PatternI wanted to create a video highlighting some of the success my SPY Cycle Patterns have had over the past few weeks and months for all of you. Many of you don't comment on my videos but follow my research intently. I see my videos getting 250 to 400+ views daily - so I know many of you are seeing my content. And that makes me happy because I'm doing this to help you become a better, more skilled trader. Yet, after the last few days of price rotation, and particularly today's big news day, I'm absolutely amazed that if the SPY closes above 750.45, we may end up with a true Harami-Inside price pattern. I want all of you to consider something for just a few minutes. My SPY Cycle Patterns are built on Fibonacci and GANN technology, which attempts to map out price patterns in a matrix. From this matrix, I can develop complex lookup engines (an inference engine) that attempt to map the current price pattern with known data from the matrix. By doing this, I can map out any construct or type of price action/pattern that happens within price—now, in the past, or in the future. And, with my complex inference engine, I can map the Fibonacci/GANN structures nearly forever into the future. For example, here are the SPY Price Patterns for the first two weeks in November 2036... 11/1/2036 Top/Resistance 11/2/2036 GAP Potential 11/3/2036 GAP-Reversal 11/4/2036 GAP/BreakAway 11/5/2036 Break-Away 11/6/2036 Carryover 11/7/2036 Inside-Breakaway 11/8/2036 Break-Away 11/9/2036 WeekendGap/WeekdayFlat 11/10/2036 GapUp-Lower 11/11/2036 GAP/BreakAway 11/12/2036 Harami-Inside 11/13/2036 CRUSH 11/14/2036 GAP Potential 11/15/2036 Top/Resistance21 What amazes me is that these patterns are predicted more than 3 to 5+ years before the actual price moves. Like today's Harami pattern, I'm amazed that my SPY Cycle patterns could attempt to accurately predict a Harami-Inside price pattern 3+ years in advance of it happening. I don't know anyone on the planet who can do this research and attempt to accurately map out future price trends/moves/setups like this. Watch this video and see why learning to use my SPY Cycle Patterns is absolutely incredible. I'm going to work on a QQQ version next. Let's go get some profits together. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
1
$DDOG Wedging / Volatility Contraction Pattern (VCP)NASDAQ:DDOG gets an upgrade this morning from DA Davidson to “Buy” driven by strong cloud solutions and expanding security management. That could be a fundamental driver. On the technical side, NASDAQ:DDOG has been basing for about 10 months and has now formed a VCP or Wedging pattern. That is the positive thing on the chart. The negative on the chart is it is below the 40-week MA in yellow and there is a downward sloping 50 DMA, red. Taking all these things into consideration I have an alert set on the upper downward sloping trendline. If it can break that I will look for an entry with a tight stop below the most recent low and just under the 50 DMA. All TBD.
NASDAQ:DDOGLong
by jaxdog
Bear or Bull? We got bothAMEX:SPY 📊 AMEX:SPY Options Range: $572 to $574.73 📜 $574 CALL 10/18 Entry: 15-30 min CLOSE ABOVE $574.73 Target: $578 📜 $574 PUT 10/18 Entry: Rejection and 15-30 min CLOSE BELOW $574.73 Target: $572, Trend support (Currently at $571) A rare occurrence of a green September. We expect extremely high volatility over the next 4-6 weeks, especially considering the election and the polarizing nature of the candidates. We could see heavy volatility within the semiconductor space. A 10-15% pullback in semiconductors would also bring down the major indices as they are a heavy component. We have seen how fragile this market is (8/5/24). Last week, our call went for 60%+. This week, let's see.
AMEX:SPY
by PennyBois
SPY/QQQ Plan Your Trade For 10-1 : Harami-Inside PatternToday's video spends quite a bit of time going over the next 8+ trading days and why I expect the markets to continue to move upward - with the SPY targeting 595-605. What is important to understand is that outside new events can disrupt my SPY Cycle Patterns. So, this new move by Israel to encroach into Lebanon may present some real disruptions in price activity. But, ignoring that potential news suggests my price patterns will show price ultimately wants to melt upward. My own personal opinion is the world has already discounted The continuing conflicts between Israel and these terrorist groups. I believe the world already knows Israel will do what is necessary to prevent further rocket/other attacks from these groups. And that's that. So, I don't see it being a big distraction for the markets. In fact, I see it as the natural order of how things must play out to reach a conclusion. And I see the world's global markets moving higher as a result of these conflicts and the pending US elections. Follow my research and ... Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
3
9/30 Market Surge: SP500, Crypto, and Whale AccumulationOverview: The AMEX:SPY closed strongly today, spurred by dovish remarks from Jerome Powell during a press conference. Powell signaled that the economy is cooling and reiterated the Federal Reserve’s commitment to achieving 2% inflation. As a result, 61% of traders now anticipate a 1 basis point rate cut in November, while 39% expect a 2 basis point cut. The AMEX:SPY had been gradually sliding earlier in the day, but Powell’s comments fueled a rally, allowing the index to engulf Friday’s red candle. Trading volume for the SPY ETF more than tripled during the press conference, reaching levels similar to Wednesday, September 18, when the recent rate cut was announced. Bullish. The tech ETF NASDAQ:QQQ didn’t manage to engulf Friday’s candle but still saw a solid rally, accompanied by trading volume that was 10x higher than usual. BlackRock continued its buying spree, acquiring $72.2 million worth of BTC, which is below their usual $118 million purchases. Over the past six days, BlackRock has accumulated nearly half a billion dollars worth of BTC and an additional $100 million of ETH. Is this how whales are dollar-cost averaging into the market? BTC TA: W: BINANCE:BTCUSD saw a sharp sell-off originating from Asia early Monday. Despite this, it remains above the Bollinger Band MA at $62.8k. The point of control for the current bull move is at $63k, with key weekly and daily resistance at $64k. BTC must hold within the $63k-64k range to maintain the bullish trend; failing to do so could signal one of the year’s largest bull traps. D: The recent correction has halted precisely at the point of control, where the most trading activity occurs. However, the RSI remains overbought at 73.4, and the MACD shows bearish histogram divergence. Bearish. 4h: On shorter timeframes, RSI has moved into oversold territory. Additionally, the VWAP oscillator has crossed above the 0 line, signaling short-term bullishness. A rebound to the $64.7k Fibonacci 0.618 level is possible. Bullish in the short term. 1h: Price broke through the weekly and monthly resistance at $64 k but is struggling to maintain this level due to significant selling pressure. Neutral to bearish. Altcoins Relative to BTC: Top altcoins have started pumping again after Monday’s correction. Coins like SUI, APT, and FTM posted gains of more than 7% by early Tuesday. These altcoins have proven that the recent correction was not a bull trap and are leading the market in this cycle. Even if BTC remains range-bound, altcoins could continue to pump, interpreting the situation as a non-bear market scenario. Bull Case: The bull trap has been avoided, and the market has resumed its uptrend. With additional liquidity expected from future rate cuts, the correction is seen as a temporary pullback. The Federal Reserve's dovish stance increases the likelihood of more liquidity flowing into speculative assets like crypto. Bear Case: The market may still be caught in a massive bull trap. Altcoin buyers at these levels could find themselves overexposed if the broader market falters. Fear and Greed Index: Currently at 47.89, the index has pulled back from the "Greed" area and is now just below the midpoint of 50, indicating a neutral sentiment in the market. Prediction: If BTC fails to reclaim $64 k , sentiment may shift bearish in the near term. Conversely, reclaiming this level could pave the way for further upside, with a first target of $67k.
COINBASE:BTCUSDLong
by EvgenCapital
Megaphone - BearishSPY weekly looking interesting heading into the week. Staying hedged with the SPY holding another megaphone. The SPY is being carried by buyer volume with some hidden bearish divergence on the RSI and nearing overbought territory yet again. With so many sectors and indexes flashing red and a massive bearish cipher on the weekly timeframe as further confirmation, looking forward to playing the downside. Some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime (Accompanying Charts Attached Below)
AMEX:SPYShort
by jacobosiason7
SPY/QQQ Plan Your Trade For 9-30 : 2 Week ExpectationsThis video highlights two weeks of SPY Cycle Patterns and what I believe is the most likely outcome over the next 10+ trading days. I urge traders to stay cautious as the current capital shift (related to the Fed rate cut) is transitioning. This is a process where capital is actively seeking undervalued and ignored global market sectors. This transitioning process may mute some price action related to the US markets and forward expectations. This is almost a certainty related to the pending US elections only 30+ days away. I'm suggesting the current melt-up trend will continue until a potential topping pattern setup near October 18-24. I still believe a topping pattern is likely just before the elections which will send the markets moving downward. Traders must be aware of this topping pattern's potential downward price move. I do see a solid upward price move in the SPY/QQQ over the next 7 to 10+ days. There is a CRUSH pattern on Wednesday this week, but the next two weeks show identical SPY Cycle Pattern setups. I believe this week will be somewhat volatile for traders. But the next two weeks will be rock solid to the upside. Gold and Silver will contract a bit in early trading this week, but should start moving higher on Wednesday/Thursday. Gold will target $2750 and Silver will target $33.50-34.00. Bitcoin is rolling, just as I expected, to the downside. I believe BTCUSD will fall to 59k-60k before finding support. I also think BTCUSD will stay rather muted throughout the end of this year (at least into and through the elections). Here we go—another week of opportunities. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
SPX500 H4 | Bullish uptrend to extend?SPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 5,709.32 which is a pullback support. Stop loss is at 5,670.00 which is a level that lies underneath the 23.6% Fibonacci retracement level. Take profit is at 5,825.45 which is a level that aligns with the 161.8% Fibonacci extension level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:SPX500Long
by FXCM
1
"All-Time Highs" Finally! New Channel Unlocked ! what's next? Finally, we are at "All-Time Highs" and have unlocked a New Channel. What will happen next? Let’s just let the price follow its course. Last week, we correctly predicted the price movement by creating an "N3" and landing in the order block as support to gain upward momentum with the recent movements the price has made, we have unlocked a new upward channel in which we will be monitoring the price movement in the coming weeks (Yellow Channel). Here, we only need to focus on two things: 1. We can see that the last candle is an "Inside Candle." An inside bar can be bullish or bearish, depending on its context within price action. If it forms within a downtrend, it can be considered bearish, indicating a possible continuation. If it forms within an uptrend, it can be considered bullish, suggesting a possible continuation of the uptrend. (Look up this important candlestick pattern on Google.) In this case, the last two candles were bearish, so we might consider that the market could either drop or bounce again in our order block to continue the uptrend. This is the scenario I will be expecting if we have a bearish market on Monday. Now, if the price falls to the order block zone, notice how it will also respect the support of the yellow channel. This could mark the beginning of a bullish sequence. 2. Its Simple, the price stays within the yellow channel and follows an upward and orderly sequence. Thank you for supporting my analysis, and be very cautious when we are at all-time highs. The price can be highly unpredictable, so always make sure to mark your channels and consider institutional movements of supply and demand. Best regards.
AMEX:SPYLong
by RocketMike111
Coffee Is Brewing!!!I don't know folks... again, I ain't nothing but a tier below an amateur beginning options player. There is a lot of learning still to do but I'm ready to be transparent with my thoughts and what I see a bit more often. So here with go with a previous fan favorite of Coffee Is Brewing! Coffee Is Brewing Idea #2 NASDAQ:GOOGL has earnings coming up 10/22 and has had a little bit of price action these past few weeks with a niiiiiiiiiiice Pogo Stick bounce this past Friday and closed above the previous week... all which are bullish signals, to me! Again, from my perspective I've seen Bullish action for the past few weeks. As evidenced by my NASDAQ:GOOGL 165C options exp 10/18 that I picked up at about 1.65 that ran up just shy of 6.00 and the NASDAQ:GOOGL 170C options exp 10/18, that I'm still holding. That's enough about what I had and have in play... let's talk about what I see. That right there folks looks like a cup and handle, which ultimately gets a Coffee Is Brewing tag! The bonus green drawn lines I added, some might consider a Bull Flag is starting to be established. I see another couple weeks of good runs with this AMEX:SPY small fry playa that's part of The Mag 7! I don't know about what y'all see but if you see something else, please drop a comment. If you like what you see, give ya boy a BOOST, a Follow, or a comment. I appreciate y'all for taking the time to look and we'll talk soon.
NASDAQ:GOOGLLong
by FliCityOptions
1