SPY/QQQ Plan Your Trade 8-1 : BaseRally301 Pattern TodayThis video is to help you understand the continued initiation of the Vortex Rally phase and how today's BaseRally301 pattern will play out.
Within this video, I cover the SPY, QQQ, Gold, & BTCUSD.
This should really give you a solid primer as to what I expect the SPY to do today and why I'm waiting for the first 30 to 60+ minutes to play out before looking for any trades.
I expect the SPY to move in a consolidated downward price trend for the first 30-60+ min, then start to move into the rally phase.
Plan your trade. Remember to use the allocation model I shared with everyone yesterday.
A. Pick your Entry Price
B. Pick your Stop Level
C. The difference between your Entry Price and Stop Level becomes your RISK FACTOR (say $2).
D. Pick how much you are willing to RISK AMOUNT on this trade (say $500)
E. Divide Your Risk Amount (D) by the Risk Factor (C): 500 / 2 = 250. You are only allowed to trade 250 shares (or less) to maintain your risk containment levels.
It is pretty simple once you get used to this structure.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Spy!
Stock Market | TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisQQQ Forecast
Sp500 ETF analysis
Nvidia Stock NVDA Forecast Technical Analysis
Apple Stock AAPL Forecast Technical Analysis
Microsoft Stock MSFT Forecast Technical Analysis
Google Stock GOOGL Forecast Technical Analysis
Amazon Stock AMZN Forecast Technical Analysis
Meta Forecast Technical Analysis
Tesla Stock TSLA Forecast Technical Analysis
2024-07-31 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
comment: The bull trend line around 5430 held and market bounced for 150 points since yesterday. The 50% pb from this recent sell off was 5578 and today’s high was 5588, while closing at 5556. Tells you that market is respecting the 50% pb and could not close the month above it, which is good for the bears. Where does this leave us going into August? Absolutely neutral imo. Bear trend line is broken and the big bull trend line held. Bulls want a retest of 5700 and bears to stay below the 50% pb and sell off again, because at this angle they have a decent channel downwards to 5000. My channel on the chart was drawn last week.
current market cycle: Trading range until 5500 is clearly broken.
key levels: 5400 - 5600
bull case: Bulls had the expected bounce and yesterday I said the selloff after hours was most likely a bear trap. So it was and bull want to keep the momentum going and closing the bear gap to 5640 next. If they can close that, they will most likely also retest 5700 but as of now, they could not close above 5600 and are under the 50% pullback. Had they closed the month above 5600, I would be much more bullish going into August.
Invalidation is below 5540.
bear case: Bears kept it below the 50% pb, around the daily ema and technically bulls just got a breakout retest of 5560. The selling into today’s close was strong enough to not expect an easy melt up through 5600 tomorrow. Bears also have going for them, that with this lower high, they have formed a proper channel, which could lead us to 5000 over the next months. 5570ish is the current price and the worst place to trade. Can go either direction and I will wait for strong momentum to either side.
Invalidation is above 5600.
short term: Neutral af.
medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. Will update this time and price wise over the weekend but I expect to at least see 5000 over the next months in 2024. —unchanged
SPY/QQQ Plan Your Trade 7-31 Mid-Day Update - POP May IntensifyPlease watch this video to learn how the already big rally phase (starting the Vortex Rally) may intensify over the next 10+ days.
By my analysis, the SPY could rally to levels above $565 before mid August.
But, the SPY Cycle Patterns still show a moderate price pullback is in order before we move onto any extended rally phase.
I've also made some big changes to the new TradingView tools I've been working on. Very happy with the current mods/adjustments.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 7-31 Mid-Morning Update - POP DelayedIt looks like the POP pattern was suppressed by yesterday's Israel attack - pushing price downward and really creating a bullish launchpad type fo reversion move.
The Nasdaq is up over 3%
The SPY is up over 1.6%
These are HUGE upward price moves.
In my opinion, this is the POP pattern showing up a day late (disrupted by the Israel/Lebanon attacks yesterday).
In this video I highlight what I think is still a potential for a bit more upward price trending. We will reach a peak today and likely stall downward a bit later in the day.
But for now, this reversion rally seems very strong.
Get some
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 7-31 Morning UpdateThis video highlights the morning Gap and what to expect before price settles and attempts to move above $553-555 today.
I fully expect the Vortex Rally to move price higher over the next few weeks/months. But, today is going o be critical to see if Price can attempt to move above the recent resistance area near $554-555. If price moves up to that level and rejects (downward) - I would still consider that a positive price reaction to the recent selling pressure.
So, today and tomorrow are going to be very important related to Fibonacci Price Theory and watch to see if price CAN attempt to move to new Unique/Ultimate highs.
So far, the Gap higher (to a new Unique high) is a very positive move.
One of my friends wrote to me this morning saying his "lotto" call options (purchased yesterday near the close) resulted in a 1400% gain this morning. Love this.
I love seeing traders use my tools/research and attempt to better their skills.
That is a big Lotto Win for cheap $9 call options on the SPY.
Let's see how it plays out today.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 7-31 : Counter-Trend Base RallyFirst, I got up a bit late this morning. Been pushing really hard over the last few weeks. I guess I needed the rest.
Next, this video is very important for ALL TRADERS.
I want all of you to learn the proper skills to manage your trading, risk controls, and emotional aspects of trading, and really learn the skills to MAKE YOUR OWN DECISIONS.
I know you may never fully master these, but knowing how to use these tools and how they can help you is very important.
I'll keep this short, we are likely going to see a rally to to $553-555 in the SPY, then watch the price roll downward later in the day.
Go Get Some
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Combined US equities - D-DayYesterday, the Gap reopened, after an early week stall on Monday. These last two candles have top wicks suggesting selling pressure to keep the gap open. Thing is, I would have preferred to see a more solid down candle.
Meanwhile, this indecision is biased to the downside from indicators and longer term chart (week) point of view. The MACD is in bearish territory and the VolDiv is bearish too. Price has been supported and one of two things will happen:
1. More probable is the volatility spike and markets breakdown fast as they are overdue; or
2. the less likely sudden extreme bullish rally, at the risk of being a blow out top or near term double top for a bigger bolder downside drop in a few months.
Given these, and other supporting charts for a probable downside, I would watch the support breaks very closely.
SPY/QQQ Plan Your Trade 7-30 - Pop Pattern Disrupted By NewsToday's POP pattern, which I suggested would present a very solid Bullish trending opportunity, was disrupted by news of Israeli attacks in Lebanon.
I truly believe today would have resulted in a very strong reversion rally had the markets no been disrupted by the new conflict.
Still, we need to play the markets and not rely exclusively on my SPY Cycle Patterns.
In this video, you'll see me go over a number of symbols (SPY/QQQ/Gold/Crude Oil, others) and show you some of the new tools I've been working on to help traders stay on the right side of market trends.
I still expect the Vortex Rally to take place over the next 30 to 90+ days - building strength as the US markets trend upward.
I believe the conflicts and global economic uncertainty will drive capital into US-Dollar-based assets over the next 12+ months - creating the Vortex Rally.
This will also drive hedge instruments higher.
As the US markets shift into the preferred safe-haven asset class (again), we should have nearly unlimited opportunities for great trades over the next 12 to 24+ months.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 7-30 : Bullish POP PatternToday's POP Pattern in Carryover mode suggests the SPY will attempt to move above $550-551 on moderate bullish trending.
I believe the way the patterns are set up, the price will attempt a moderate rally with the POP pattern. Then, move into mild consolidation (downward trending) on tomorrow's Counter-trend Bottom-Rally Start. Then, move into a moderately explosive upward/bullish phase on Thursday/Friday with the BaseRally301 and Breakaway patterns.
Overall, I see the SPY/QQQ moving into the new Vortex Rally Phase over the next 30 to 90+ days, which will present incredible opportunities for skilled traders.
I'm only trying to predict one week at a time. The last time I did this, I tried to predict three weeks into the future. The more time I include (further out into the future), the more likely my predictions will be incorrect regarding price location/range.
So, we will keep this simple - going one week at a time.
I hope you guys are benefiting from all my hard work. It took me over 20 years to learn enough to figure out these SPY Cycle Patterns. You guys are getting a taste of them for Free on TradingView.
What do you think so far?
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade EOD 7-29 - Prepare For Tomorrow's POPThis is an end-of-day recap of the Flat/Down SPY Cycle Pattern - which played out perfectly.
As I warned, this type of pattern suggests the SPY will stay in a consolidated range and attempt to drift downward throughout the day. This type of pattern presents a very difficult day for day traders.
Tomorrow's POP pattern should be very exciting. I'm reading the POP pattern as a Carryover of trending.
Because of this, I'm suggesting tomorrow's POP pattern may present a strong rally trend - possibly attempting to move above $554-555 on the SPY.
If my research is accurate, tomorrow should be a great day for day traders and present some real opportunities for profits.
Hope you are all enjoying my work. Let me know what you think.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
240729 Weekly OutlookThe following week have major data release including,
240730 Tue CB Consumer Confidence ****
240731 Wed Fed Interest Rate Decision *****
240801 Thu Initial Jobless Claims ****
240801 Fri Nonfarm Payrolls *****
Unemployment Rate *****
Consumer Confidence is the major leading indicator alongside Michigan Consumer index. Investors should follow the rise of two indexes to lead increase in economic data like inflation, GDP, labor market conditions, as well as economic conditions.
Fed rate is expected to remain unchanged, while market discounting the first cut in the cycle to come in September.
Labor market show resilience all the way that give space to maintain higher rates in this cycle for longer. Even the first rate cute is forecasted for September, I would still expect the higher rates to stay here for longer period due to resilient labor market, as shown by labor market indicators.
There are no signs for S&P to weaken this time, rather shuttle up and down at high levels. Note that last adjustment in S&P followed the deviation of 12% from major trend line 200SMA. Attentive investors could observe it previously.
When the market finally digest selling orders, S&P should resume the rising trend.
SPY/QQQ Plan Your Trade Update 7/29 - Flat/Down PatternThis mid-day update highlights the SPY Cycle Pattern prediction and how to trade short-price swings as price contests into a sideways channel.
The Flat/Down pattern is usually a congesting type of price pattern. Price trends are smaller and traders need to learn to adjust to taking quick profits.
These types of days are sometimes difficult for traders who are used to swinging for the fences. Days like today mean "grab profits quickly and try to eliminate risks within the first 10-20 minutes."
I highlight this method in the video showing my new MENT Pressure System setups.
Pay attention to how the SPY Cycle Patterns seem to be aligning again (after the Kamala-Crush). this is good to see, as we want the SPY/QQQ price to move back in alignment with the SPY Cycle Patterns after the recent disruption.
Looks like we may slide into a sideways price trend throughout the rest of the day.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 7-29 : Flat/Down PatternPrepare for a fairly mild day today with the Flat/Down SPY Cycle Pattern.
This pattern suggests the SPY will struggle to find any real trend and will stay relatively flat overall with a moderate downward price trend.
Watch this video. We are in the early stages of a broader Vortex Rally phase - but price will continue to roll higher and lower through cycles. Today's Flat/Down pattern is not a big concern for me. I'm more focused on the broader Vortex Rally phase and how that will continue throughout 2024 and into 2025.
If my research is correct, we are shifting into a new broad price trend that could be explosive. The greatest opportunity of your life is sitting right before you.
If you have not been paying attention to my research/work/tools - maybe it's time to start paying closer attention to what I'm saying.
The next 3~5+ years should be filled with incredible opportunities for skilled traders.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Building Success In PineScript - The Ment Pressure SystemAfter more than two weeks of playing around with Pinescript, I've managed to put together some really cool tools for my followers/subscribers.
The idea of price pressure intrigued me, so I decided to create something based on it.
Ideally, I planned to build something that helped traders find and execute better trades. It is difficult to identify chop vs. trending in any market/interval. My goal was to create a small suite of tools to help traders identify better trade setups.
I still believe I have more work to do with these pressure tools, but I'm very happy with how they work.
I did learn some "tricks" with Pinescript related to how variables and processes work (of course, by trial and error).
Watching the code run in real-time has been fun (watching a 2 min ES chart).
I can't wait to see how my followers use these tools and develop new ways to deploy them efficiently.
What are your thoughts? Anything I can do to improve?
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 7-28 - Vortex Rally Phase InitiatesGood afternoon everyone,
This Sunday update highlights my SPY Cycle Patterns for next week and discusses my belief that the US stock market has entered a new Vortex Rally Phase.
For those unfamiliar with my extended research, every weekend, I spend more than 10 hours creating Custom Index charts and reviewing other proprietary data points while attempting to determine an outcome related to capital flows, expectations, and global market trends.
It's not like I sit here trying to study every global market. I have about 20+ Custom Index charts/data points that show me most of the data I need to see; then, I attempt to verify my expectations by looking at other data points/charts.
I'm seeing the start of a Vortex Rally (as I call it). This is something very important for traders to understand and is clearly defined in this video.
Get ready. We will see a solid US Stock market MELT-UP over the next 12+ months.
Get some
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
#202431 - priceactiontds - weekly update - sp500 e-mini futuresGood Evening and I hope you are well.
Quote from last week:
comment: Increased volume on the down move is telling you that this one is the real one. Over the next months, market will test down to the bull trend line from 2023-10, which is also where the weekly 20ema is. Friday we stopped around the smaller bull trend line and it’s a decent place to expect some pullback before we be on our way to 5400/5450
comment: Low of the week was 5432 and I wrote 5400/5450, +121 points. For most letters/rooms/subscriptions you have to pay good money for those outlooks, if you even get them this accurate. Hope you made some.
current market cycle: Bull trap triggered. Probably forming a trading range first before we get to the bear trend. First guess for the range would be 5300 -5600
key levels: 5400-5600
bull case: Lower lows and lower highs. Bulls stopped the selloff where they had to and their last bull trend line before only the one from the covid low remains. I do think the two legged correction is good for now for the bears and a bounce is due. Since both sides have reasonable arguments, I think it will come down to earnings. If the mag7 report good and their outlook stays good, we bounce higher. If they fail or some fail, we move sideways. Slightly favoring a higher bounce to form a proper channel downwards. Decent chance bulls might close both bear gaps.
Invalidation is below 5400.
bear case: Bears see another minor pullback which could not even get to the daily 20ema at 5640. They want another strong leg down to 5300 to make it clear that the bull trend is dead. It’s not out of the picture that they get it. Probability wise, it’s more reasonable to expect the bull trend line to hold and at least go more sideways before another leg down. Issue with that is, that next week we have so many news that will have a big influence on longer term traders, that we will most likely go higher than 5500 or lower than 5400. For bears it’s a really bad short right at the big support. You can scalp short on strong momentum again but bears will likely wait for a pullback before they try again. My preferred path forward is the bear channel on my chart below.
Invalidation is above 5600.
outlook last week:
short term: Bearish but also expecting a pullback first. Same as dax.
→ Last Sunday we traded 5553 and now we are at 5499. Low was 5432. Bearish was right. Pullback was right. Hope you made some.
short term: Neutral. Both sides have valid arguments. Will make this dependent on earnings and will only do scalps for now. Market has to form a better channel if it wants a sustained down move.
medium-long term: First target for this section was 5450 and that will be hit over the next days or 2 weeks. After that is 5300 over the next 3-8 weeks and 5000 could be hit again in 2024. —update: 5450 was hit mid July. Next comes 5300 over the next 2-6 weeks.
current swing trade: Took profits on the swing short from 5700. Will add again above 5550.
chart update: Added my preferred bear channel for the next weeks.
SPY Will Explode! BUY!
My dear subscribers,
SPY looks like it will make a good move, and here are the details:
The market is trading on 544.40 pivot level.
Bias - Bullish
My Stop Loss - 538.41
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 553.83
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
SPX | The Sleeping PilotTraders have made the ultimate mistake, they were caught sleeping on the steering wheel.
And after missing the trend, they attempt to enter it again, only to realize that they have trapped themselves.
A question arises: Were they sleeping or are they performing a suicide attack?
SPX is like a sharp kamikaze plane. Perhaps of Japanese origin, closing in to Perl Harbor.
A wise one should never cut towards them. A knife pointing upwards can only kill bulls.
If they wish prices to go up, they must turn the knife down, to kill any bears that step in their way.
But it seems though the markets are not wise right now.
A successful kamikaze is a fearless kamikaze.
All was well when the soldier was certain of their attack. SPX has been moving in perfect correlation with fearless index, aka VVIX / VIX ratio (orange line).
But now they have second thoughts. And that is their weakness.
SPX is heading upwards with growing fear right now.
VVIX/VIX is the thought, SPX is the action. We are in a jet lag, in no mans land.
The seconds before the pilot moves the joystick back instead of forward.
This is not the first time we are dealing with a soldier who is having second thoughts.
Once in 2018...
...another one in 2020...
...and finally in 2021.
This fight is almost over for the bulls.
Question is: Who will win the war?
Tread lightly, for this is hallowed ground.
-Father Grigori
P.S. Many have made jokes about the POTUS as being sleepy.
Never call someone something you don't want to be called yourself.