SPY LOVERS ALMOST ATH AGAIN!! But be very Careful read this... We are very close to the price reaching our institutional order block in the supply zone, where we could expect a small liquidity rejection upon touching it.
According to my forecast, the maximum rejection would be at 549.71, no more! This is a historically significant zone where the price has shown important impulses and patterns. Additionally, the price is moving with a lot of volume and buying strength. We are very, very close to reaching new all-time highs, but the big question is:
Will it surpass the all-time highs this week?
In my opinion, it might, but we must be very cautious as it could be an institutional liquidity trap leading to a strong pullback. So, we need to stay alert to any movement it makes.
Thank you for supporting my analysis; so far, everything has been going according to the forecast.
Best regards.
Spy!
Prepare For The BOT COM BUBBLE (Starting 2026 & Beyond)I spent quite a bit of time this weekend going over my custom indexes and other research data to try to identify what and how the Vortex Rally I predicted would take shape.
I mentioned something to my followers/subscribers last week about how today feels like the early 1990s (1991-1994 roughly). At that time, interest rates were just dropping from all-time highs and the general markets were in a bit of stagflation. People were not actively investing in homes or other big assets because it was not clear what the future would bring.
The US government has just gone through the Regan Era - where spending on Starwars and other projects were considered Excessive - but that translated into a massive technology boom-cycle in the last 1990s.
Are we going to see the same type of explosion with Robotics and AI over the next 10-20+ years.
Will that lead to a massive rally phase (global & space growth industries) over the next 50+ years?
How will humanity react to a massive robotics expansion where jobs and services may be replaced by robots?
What will this transition lead to - some new type of human society/expectation where we can actually live a life dedicated to improving the human experience vs. working our entire life?
Watch this video. Pay attention to my research.
If I'm right - we are about to move into a very explosive market phase and smart traders should prepare for this move NOW.
Get some.
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#202435 - priceactiontds - weekly updateGood Evening and I hope you are well.
tl;dr
sp500: 53 points to a new ath is a small spike at this point. Whenever a market is this close to an obvious magnet, it’s reasonable to assume that it will get there. Will it be a big difference if the high stays below 5700 or goes above 5721? Not really. You simply can not short this and put your stop a tick above the previous ath. Bulls are in control and until bears print consecutive bear bars below 5600, it stays that way.
Quote from last week:
comment : Not much difference to dax, just that this market was a tat stronger even. Bulls almost reversed completely but 7 consecutive bull bars is as climactic as it gets. A pullback is due but that does not mean you can short it at 5578. Could go further since the obvious pain trade is up.
comment : Bears produced the first bigger bear bar after almost 10% in 10 bars. It was also the first pullback (price goes below the previous bar low) in this bull trend inside the bigger trading range. As I wrote for dax, I can not be anything but neutral going into next week since we are at previous resistance after a very climactic move up. Bulls want a new ath and bears to keep it a lower high. Volume is picking up again and bears build some decent selling pressure on Thursday + Friday. On the 4h chart you can see 5 legs up without much of pullbacks. Will find out next week how many bulls are interested in buying above 5600.
current market cycle: Bull trend inside bigger trading range.
key levels: 5000-5700
bull case: Bulls closed the bear gap and are free to print a new ath. Bears are not doing enough to make more bulls take profits, so naturally they keep on buying any small dip and pushing it higher. Technically we have two bull trend lines pointing to higher targets above 5721 with one even going to 5900-6000. Can this happen? For sure. After this climactic down than even more climactic up, everything is possible. Is it likely? No.
Invalidation is below 5500.
bear case: Bears see it as a big trading range and we are at the highs again. They start scaling into shorts above 5600. They know the market is overdue for a bigger pullback again and they will add higher, even if we print a new ath. If they can keep this a lower high and print below 5600, I do think we could see more bulls covering their longs. For now bears can mostly hope for a sideways market and stopping the advance. On the monthly chart bears produced a decent doji in July and they want this months bar closing near 5500 to not generate a good buying signal for September.
Invalidation is above 5670.
outlook last week:
short term: Neutral af. Want to see a pullback and also how market reacts to 5600.
→ Last Sunday we traded 5578 and now we are at 5652. 5600 was no bigger resistance. Bulls printed a green week but bears came around and starting making the market more two sided again.
short term: Neutral again. No interest in bigger buying above 5600. Will scalp long if bulls make it clear that they want a new ath but mostly looking for signs of bear strength over the next week. I don’t think bears want July to close above 5600.
medium-long term : Can’t be too bearish after the reversal but same as dax again. Even if we do a new ath, I expect at least 5200 to be hit again this year but probably 5000.
current swing trade: None.
chart update: Removed bear gap and added the possible 5 wave series and a potential bigger two legged correction but that is pure speculation as of now.
SPY My Opinion! SELL!
My dear friends,
Please, find my technical outlook forSPY below:
The price is coiling around a solid key level - 562.09
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 548.32
Safe Stop Loss - 570.95
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
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1928 Has Begun Early, Powell Has Given In. QE 3.0
The linchpin was Japan, the Japan interest rate scare has started the panic with the FRED.
1. US Debt spiral is 34.5T.
2. US Debt Interest at 1T and the system has buckled.
3. MMF at all time high
4. Majority still believe a yield curve that has not worked since 2008 will cause a recession.
5. The USA cannot have a recession or it defaults on its debt.
Rates have to be cut and fast, MMF will start pouring into the market, cheap credit will start reinflating all assets. QE 3.0 will be commenced shortly to deal with the US Debt death spiral.
This is the biggest financial crisis around the corner, people will short it who don't understand the USD currency is about to be debased by figures we can't imagine.
This is the end game and it could last years.
Its fun speculating the deflationary crash down, where's the debasement inflationary melt up?
Powell Says "We're Cutting Rates" - S&P Performance MixedA nice alignment comparing SPX, NDX, RUT with the Fed Funds Rate showing when the FED raises rates and cuts rates and how it impacts the indexes.
1995 Cut Cycle - S&P Higher
1998 Cut Cycle - S&P Higher
2001 Cut Cycle - S&P Lower
2007 Cut Cycle - S&P Lower
2019 Cut Cycle - S&P Higher (but after 30-40% COVID Crash)
Nobody knows how this cycle will impact current markets, but we're about to find out. September 18 = 1st cut since 2019 (pre-COVID) and we've seen some impressive booms and busts since 2018. It's pretty remarkable really. The bull markets seem unhealthy, and the bear markets seem more violent and aggressive, but end sooner.
How great or how nasty does it get? Let's figure it out and trade accordingly.
240823 Market Outlook $SPX $DJI $VOO $SPY $QQQChart S&P overlay Fed interest rate a few conclusions:
1. Stocks can rise and fall throughout rate cut cycle;
2. Rise in stocks is usually associated with minimum interest rate in the cycle;
3. US stocks were rising throughout rate hike cycle in later years;
4. More money supply management tools were introduced in last quarter century like QE policy;
5. More tools like Circuit Breaker were introduced to stop panic selling in US stocks since Financial crisis 2008;
6. The market has become more certain and efficient;
7. Investors must always recognize the market situation, cuz US management is research based and one cycle is different from another.
A new prosperous cycle is enact at the moment. Cheers
SPY/QQQ Plan Your Trade 8-23 Update: Gold Rips - SPY StallsHere is a quick update related to the post-Powell expectations.
I still believe the SPY will consolidate through most of today and move into a broader rally phase next week and into early September.
Gold is RIPPING higher after Powell's comments. I expect Gold to try to break above $2600 next week.
Bitcoin is still struggling to break above the $63k level. It may make a move next week. Time will tell.
Follow my research.
Get some.
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SPY/QQQ Plan Your Trade For 8-23 : Harami Inside PatternToday's SPY Cycle Pattern is a Harami-Inside pattern. This suggests the SPY will stay rather muted today - trading sideways and likely staying between 557-560. I believe the SPY will trend upward a bit and try to close near 560.
I don't believe we'll see any big trends today - mostly just sideways consolidation.
Gold will likely attempt to move above $2450 - attempting to regain support above $2535.
Bitcoin will stay somewhat flat - probably below $61.5k as the big move won't happen till next week.
Today may be more of a "go golfing" day.
Literally, the SPY/QQQ/Gold/Bitcoin will probably stay in a very narrow range today - moving into a bigger trend next week.
Get some.
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Mag 7 Drags Down Large Cap - Potential Index Wedge FormationsThanks for checking out the video today. It was a reasonably nice selloff today, led mostly by the Mag 7 stocks. All US Indexes were in red, Nasdaq taking the worst of it around -1.60% lower.
Powell on tap for Friday with Day 2 at Jackson Hole. The market is oh so curious if the FED will cut 25 or 50 bps in September and we have plenty of news to digest prior to the official September 18 FOMC Meeting and Press Conference.
If Friday Aug 23's trading day pushes lower and helps balance out the aggressive bull moves from August 5's bottom, we could see a nice wedge pattern in the works - lower highs / higher lows.
Watch the S&P Daily 200 SMA or 200 EMA for some dynamic support. It will be interesting to see if the bulls and bears both get what they want with prices on the move through September with volatility returning to elevated levels > 20 perhaps.
Thanks for watching!!!
2024-08-22 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
tl;dr
Indexes - Strong day by the bears for most markets and on higher volume too. After climactic moves, many traders keep tight stops and won’t let the market run too much against them because they want to secure their profits. Does that mean the market is reversing? Probably not. But deep pullbacks are always possible. In trading rangs the daily 20ema and the 50% (midpoint of the range) are always magnets, so always mark them on your chart. For tomorrow I expect more volatility since we have BOJ Ueda + FED JPOW speaking.
sp500 e-mini futures
comment: Huge day for the bears by closing below 5600. I do think it would be fitting if we close the week with a huge bear reversal candle below 5550 or even 5500. Can we get there? Unlikely but not impossible. Could we also close above 5721? You bet. No one knows where we are going because market has moved in such extremes the past two weeks, that absolutely everything is possible tomorrow. Odds still somewhat favor the bulls to close the week above 5600 but just slightly. Daily ema is around 5500 and that are two good reasons for market to test that price. Anything above 5640 would surprise me tbh.
current market cycle: Bull trend inside the big trading range on the daily chart
key levels: 5500 -5670
bull case: Bulls tried to fight it today but the down moves saw a big increase in volume and bulls could not keep the market above 5600. They need to stay above this price or risk much more downside because I do think many stops will be around 5580-5595 tomorrow. Their first target is a 15m bar close above the ema and then the 1h ema to turn the market neutral again. 50% pullback from today is 5625 and that is also a magnet for tomorrow.
Invalidation is below 5580.
bear case: Bears surprised me today because the strength of the selling was not expected. Market grinded higher first but since the US open we just saw big selling coming through and every rip was sold. If bears do not keep the momentum going tomorrow, they risk another reversal and potentially another meltup to a new ath but that will strongly depend on Jpow and Ueda and how the market will interpret their speeches. Can you forecast this? Don’t bother. Mark key levels on your chart and hop along on the breakout tomorrow.
Invalidation is above 5670.
short term: 5600 is neutral and I wait. Bears need follow through selling below 5580 and bulls a strong reversal. Above 5625 I will consider longs.
medium-long term: Bearish. I gave the 5000 target 3 months ago and we almost got there way earlier than expected. There is a reasonable chance we will see an event unfolding over the next days/weeks. Something breaks during these violent moves and this time will not be different.
current swing trade: Nope.
trade of the day: Sell US open. No reason not to and no reason to exit until 5600 where market stalled too much.
Why Monitoring S&P 500 Futures is My Morning Trading Ritual!Every morning before the trading day begins, I have a ritual: I analyze the S&P 500 futures. For me, this isn’t just a routine—it's a crucial step in gauging the market's direction. The S&P 500 futures offer a snapshot of market sentiment and potential movements long before the regular trading session opens.
By examining the overnight action, I can identify key levels of support and resistance, and understand the market's mood—whether it's risk-on or risk-off. This early insight helps me set the tone for my trading day, allowing me to make informed decisions, anticipate possible trends, and adjust my strategies accordingly.
In a market where timing and positioning are everything, starting my day with a clear picture of where the broader market might be headed gives me a competitive edge. It’s about being proactive rather than reactive—preparing for the day’s opportunities and challenges with confidence.
S&P 500 Index SPX To Rally FurtherThe S&P 500 index SPX is just 50 points away from breaching the previous all-time high.
The minutes of the Fed’s July 30-31 meeting, released Wednesday, said the “vast majority” of policymakers “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.”
Traders had already considered it a certainty that the Fed will announce its first interest rate cut in four years when it meets in mid-September.
SPX next targets: 5680 - 5825.
SPY/QQQ Plan Your Trade For 8-22 : Flat-Down PatternToday's pattern suggests the SPY/QQQ will stay within a flat/downward type of price trend.
In this video I cover Gold, Bitcoin, and the SPY.
What I see is a consolidated flagging formation across many markets. As I suggested early on Monday - this week may be the week to go golfing or find something fun to do as it appears the SPY/QQQ and other are simply trading sideways (flagging).
We'll see how things play out today.
I would not be surprized to be saying the same thing tomorrow morning.
As we close out the week, get ready for a bigger price move into late August/early-September.
Get some.
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SPX. Heavy short after Unemployment Claims News? 22/August/24SPX500 will reach ATH again? Maybe today US Unemployment Claims data will give us an answer? Although US government have "announced" that don't be "shocked/shorted" as this time "the calculation" of US Unemployment Claims is "difference" than before..