SPY/ES1! Flagging In Bullish Carryover Trend - Squeeze PosssibleCheck out the APEX FLAGGING formation in the SPY and ES chart; they are aligning perfectly.
If my analysis is correct, the SPY and ES should move into an upward price squeeze after the Flag Apex volatility period (roughly 20+ minutes) is complete.
That means the SPY and ES should move into a more defined upward price trend as we close out the day today - possibly carrying into tomorrow.
Get some.
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SPDR S&P 500 ETF (SPY)
SPY/QQQ Plan Your Trade For 10-17 : CarryOver In CarryOver ModeGood morning,
Great to see the ES/NQ rallying higher this morning - in perfect alignment with my SPY Cycle Patterns & predictions.
Gold & Silver are also moving slightly higher - but remember My Gold patterns suggest Gold & Silver will consolidate a bit in early trading today.
BTCUSD is a really interesting chart, in my opinion. The multiple Excess Phase Peak patterns are playing into a potentially very large downward price move.
Pay attention to all of the content in this video today because we are moving into the end of this week - which means we need to prepare for the volatility that starts next week.
As I keep suggesting to everyone, trading is about attempting to time the best opportunities for success. Knowing when something may happen that creates an opportunity, setting your risk levels, and going for it.
I wish I could tell you, "Trading is like picking red or black". It's not.
Trader's have to develop almost a 6th sense to be able to see and visualize what is most likely to happen in the future. My tools help me see into the future a bit, but a lot of my analysis comes from within my head.
Anyway, the best way for you to learn these skills is from someone who can mentor you and show you what they are seeing on the chart. Teaching you the skills to improve your own abilities to make better decisions.
That is what I'm doing.
Over time, you will learn to use these techniques to make better decisions and become a better trader (at least that is my objective).
Get some.
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2024-10-16 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
tl;dr
Indexes - Bears hoped for a second leg down and build decent selling pressure but bulls bought the dip. Nothing unexpected and we likely continue sideways at the highs until bears give up again or more bulls get exhausted and want to secure profits. Technically I expect another leg down but we could retest the highs first. Don’t overstay your welcome in positions.
comment: 5850 was the low yesterday and bears could not break below. Weak bears gave up and we closed around the 50% pullback from Tuesday’s selling. Where does this leave us? Nowhere. 5890ish is the worst place to trade now because it’s the exact mid point of this trading range. Wait for strong momentum or until we reach one of the extremes again. These bullish earnings should have taken the market higher by now if you ask me. So there is a decent chance we are forming a credible top. 5850 - 5920 is the current range and until we see the MAG7 earnings, it probably won’t break out of it.
current market cycle: bull trend (bull wedge)
key levels: 5850 - 5920
bull case: Bulls bought the dip, no surprise there. They want 5900+ next and they will probably continue to buy 5850. No more magic to this. Since it was a bullish close, bulls are very slightly favored higher tomorrow but I would not buy 5886 right now.
Invalidation is below 5850.
bear case: Bears tried and failed. They have to make the market more neutral and trade sideways until more bulls want out of their position. BTFD is still strong. Anything above 5850 is bullish and bears have to scalp. Earnings will probably set the next impulse to either side.
Invalidation is above 5920.
short term: Neutral inside given range.
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: Nope
trade of the day: Long the double bottom with yesterday’s low. Very obvious trade that worked greatly.
SPY/QQQ Plan Your Trade: 10-16 UpdateLearn to watch for signs of major market contagion by watching key sectors.
In my opinion, the biggest sectors: Like Transportation, Financials, Gold, and Crude Oil, will lead any major market collapse - often by 7-10+ days.
This videos highlights what I believe most traders need to watch in terms of understanding when/where opportunities are for long trades while attempting to gauge risks related to any type of broad market collapse event.
Spend some time looking over this custom Crash Index and let me know if you see any correlations related to when the SPY/QQQ move more than 7-8% downward in any sudden price moves...
(XLF+IYT+GDX+XOP)/4
Get Some.
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Wake Up on a SPY Trading AnalysisTrading should not be that difficult.
The rules are simple. if you cant make one stick with this ones.
Find a Perfect Entry based on good timing.
Get In
Get Green (Trade with a Stop Loss)
Get out
Repeat the above procedures a million times.
Does not matter how big or small your wins are because they all compounds overtime as long as you are consistent with it.
SPY/QQQ Plan Your Trade For 10-16: BreakAway PatternToday's video highlights what I believe may be a shift in market trend - which can happen.
My SPY Cycle Pattern highlight expected price activity/range based on a number of factors: Fibonacci price theory, Gann analysis, Tesla Price Amplitude theory, and more.
Yet, the one thing my SPY Cycle Pattern do not take into consideration is TIME.
Price shifting slightly forward or backward: where price exhibits an activity/range one day before or one day after the Pattern Date has happened before.
I've seen big CRUSH patterns happen +/- one day. I've seen topping/bottoming patterns happen +/- one day.
Possibly, we just experienced the sideways contraction I was expecting for Wednesday of this week happen on Tuesday of this week. This type of "time shift" if not out of the question in terms of how price reacts to external news/data.
What this means is we may be in for a moderate upside melt-up type of rally in the SPY/QQQ over the next 3+ trading days.
Gold & Silver are moving clearly into the Phase #4 of an inverted Excess Phase Peak pattern. If my analysis is correct, Gold and Silver will rally to a new "Ultimate High" throughout this process.
Bitcoin may have already reached the Ultimate High after yesterday's breakout rally phase. We need to watch the $68k level to see if price fails to rally above that level.
The next two weeks of trading should be very interesting for all of us - moving into an election and watching the global markets attempt to adjust for opportunities/risks.
Remember, ultimately, all of your decision-making should focus on three things:
_ Preserving Capital
_ Identifying Opportunities
_ Containing Risks
No matter what happens over the next three+ weeks, there will be time for more trading after the elections and in 2025 and beyond. Trading is a long game - where the #1 priority is to preserve capital while trying to find the best opportunities for profits.
Get some.
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WORLD WIDE DECLINE IS ABOUT TO START DEFLATION CYCLE The chart posted is the nifty As you can see we are outsidw the BB bands on a monthly basis going back to 1902 Any market that has gone thru the top on a monthly bands by 1.4 to 3,4 % has ended that market and an avg decline of more that 25 % had been seen
Weekly $SPY OptionsAMEX:SPY
Last week our $568 Calls ran over 130%. Here's what we are watching this week. Confirmations are 15-30 minute candle closes above (calls) or below (puts) our pivot.
Range we are watching: $581-$585 (Pivot: $583.50)
Bullish Scenario: $585 Call 10/28
Entry: 15-30 minute confirmation CLOSE ABOVE $583.50
Target: $585
Bearish Scenario: $582 Put 10/28
Entry: 15-30 minute confirmation CLOSE BELOW $583.50
Target: $580.90, $578, $574
SPY/QQQ Plan Your Trade For 10-15 : Gap Breakaway PatternToday's pattern suggests the SPY/QQQ will move into a Gap Breakaway type of price trend. I believe this means price will attempt to Gap higher at the open and attempt to move into a moderate rally phase throughout the day.
Remember, we are just starting to move into Q3 earnings data, which will last well into mid-November. On top of that, we have the US elections and other data (external) that may drive market trends.
Near the beginning of this video, I show you some of my ADL (Adaptive Dynamic Learning AI) predictive modeling system outcomes for various symbols on Daily charts. It is important to understand price is the ultimate indicator and we don't want to fight price. We just let price do what it wants to do and try to time the best trading opportunities on the charts.
Given what I believe it currently taking place, I suspect the SPY/QQQ will melt upward over the next 5-7+ trading days - attempting to reach a peak price level near October 24-25.
Metals appear to be in a consolidation channel (downward) and are struggling to break away from that channel. Move metals do break away from that channel - we are going to see an explosive move to the upside. I suspect that could happen later today or tomorrow.
Bitcoin is playing the Excess Phase Peak Pattern perfectly - moving into consolidation and now setting up the #4 (A or B) setup for traders. The next move is going to be explosive - either setting an ultimate high, or breaking downward and returning to recent lows.
Should be some exciting trends for all of us over the next 10+ days.
Get some.
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10/14 Bull run if THIS level confirmed as supportOverview:
The U.S. observed Columbus Day on Monday, with most businesses closed, but trading activity was still alive and well. The PYTH:SPY closed its fifth consecutive green day, reaching a new all-time high, while the PYTH:QQQ approaches its own record. Due to the holiday, the Federal Reserve didn't release any data, but tomorrow we'll see the Empire State Manufacturing Survey, and by Thursday, we’ll have jobless claims numbers, retail sales, home builder confidence, and business inventory reports.
Interestingly, the CME Watch Tool is now showing a 16.4% chance of no rate cut in November, up from just 10% last Friday. This shift may be in response to an overheated equities market. Meanwhile, Monday saw a wave of buying activity in crypto ETFs, with big names like BlackRock, Grayscale, and even Fidelity getting involved. ETH also caught BlackRock’s attention.
For a more reliable corporate earnings calendar, try this updated tool: finance.yahoo.com
BTC TA:
W: Last week, BINANCE:BTCUSDT opened at $62,810 and closed at $62,845, forming a large indecisive doji candle but managing to stay above the Bollinger Band middle line (BB MA). Throughout the week, the price showed lower highs and lower lows until Asian bulls stepped in on Monday morning. While U.S. traders were off for the holiday, Asian traders pushed BTC past its previous high, stopping just short of the crucial $66,550 mark. Keep an eye on $62.7k—it’s a key level on the weekly, 3-month, yearly, and current bull run (since October 2023) point of control. Anything above this level suggests a potential breakout toward $70k, while falling below it could indicate a bearish trend. To confirm, we need to see $62.7k act as solid support. We’ve already had two fake breakouts, so the chances of another are slim, but not impossible.
D: Over the last four days, BTC quickly moved from the bottom to the top of its Bollinger Bands. Coinbase reported 13.5k transactions on Monday—a strong volume, but not as high as in January or October 2023, when this bull run began. This suggests that larger institutional players are still waiting on the sidelines, watching closely. Despite the Fed’s rate cut and China’s $25 billion stimulus, global liquidity has been declining for the last 29 days.
4h: The RSI has hit 75, indicating an overbought condition. If you pull a Fibonacci retracement, the 0.618 level aligns with $64 k, which also coincides with previous weekly and daily resistance levels. This also matches the October 7th high, forming a critical level of interest.
1h: On Monday at 11 am Shanghai time, a large green candle kicked off a rally. Ten hours later, New York bulls joined the action, extending the pump. The rally lasted 19 hours, pushing BTC up by 6.23%.
Alts Relative to BTC: Altcoins are moving in tandem with BTC, but this rally isn’t as much about alts as it is about Bitcoin. While BTC gained 5%, ETH, SOL, and NEAR only posted gains of 6.x%, and none have reached their previous highs. SUI, APT, and TAO have even corrected slightly after their substantial gains of 100% or more over the last 30-40 days, leaving them room to consolidate.
Bull Case: We’re on the verge of exiting the bull flag pattern. Once the global liquidity index starts rising again, markets will likely be flooded with cheap money, fueling risk-on assets like crypto. A bounce off the $62.7k level will confirm it as support, pushing the bullish narrative.
Bear Case: If we see a third fake breakout, it could trap all the bulls.
Fear and Greed Index: Currently at 56, still in Neutral territory but just 4 points away from Greed.
Prediction: The outlook remains bullish, provided we don’t see another fake breakout, and $62.7k can be established as a solid support level.
2024-10-14 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
tl;dr
Indexes - In my weekly post yesterday I wrote “max bullish” a couple of times and I hope you did not short this today. Bulls are in absolute control and they have no reason to stop buying every small dip. You can not be a bear on the hope that this madness will stop eventually. It can go much further than you can imagine. Strong day, strong close, can only expect higher prices until bears print consecutive big bear bars on higher time frames. My best guess is still a blow-off top this week, which can mark the top before we see a bigger correction. Today felt like we are already in it.
sp500 e-mini futures
comment: Break above both bull wedges. Could this be a bull trap? I highly doubt that. 6000 will very likely be hit this year.
current market cycle: max bullish
key levels: 5860 - 6000
bull case: Bulls are in full control and we can only expect higher prices, given the strength of this follow through buying. We have a small channel which will likely break overnight and the next bull trend line is around 5890 already and aligns nicely with the 1h 20ema. Next obvious target is 6000.
Invalidation is below 5880.
bear case: Nothing really. Can they prevent 6000? Doubt it. Can they get a deeper pullback before we get there? Also doubt that. Anything below 5880 would surprise me. If they get it, 5850 is their next target and bigger support.
Invalidation is above 6050.
short term: Bullish af. Don’t look for shorts. Buy on pullbacks when bulls come around again.
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
trade of the day: Globex oscillated around last week’s close and after bar 10 it could not even touch the 15m 20ema again. Could have bought anywhere and made money except 15m before US close.
SPY/QQQ Plan Your Trade 10-14 EOD Update - Rally Rally RallyWhat a great day for my followers! I created my Roadmap for all of you, and the markets have started this week doing exactly what I expected regarding the SPY/QQQ and Gold/Silver.
Next, we should see the rally continue in the SPY/QQQ, and Gold/Silver are moving into an Apex Breakaway setup, which could be very explosive to the upside.
Remember, what I do behind the scenes to prepare and understand market conditions is much deeper than what you see in these videos. Every weekend (and most days), I spend quite a bit of time trying to understand what is really taking place beneath the price charts.
That is where I gain a deeper understanding of what to expect and how prices will react to changing market dynamics.
So, if you like what you see in my Plan Your Trade videos - remember there is much more to do this efficiently than what I'm showing you in these Videos.
Also, remember, a Win is a Win. Book it and call it good.
Get some.
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SPY/QQQ Plan Your Trade For 10-14 : GapUp-Lower In Counter TrendGood morning,
This video highlights what I expect to happen in the SPY/QQQ, Gold/Silver, and Bitcoin over the next 5 to 7+ days.
Remember, I'm using my proprietary modeling systems, SPY/Gold Cycle Patterns, and other research to share a roadmap of expected price action 5- 7+ days into the future.
I don't know anyone else who can do this research accurately and provide such clear trade/entry/exit signals.
This week should be exciting as we'll see multiple opportunities in the SPY/QQQ and Gold/Silver.
Bitcoin is nearing a Phase #4 (consolidation) trigger near recent highs. At this point, traders need to wait for a breakout of the recent range before getting more aggressive with BTCUSD.
Let's get some this week.
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#202441 - priceactiontds - weekly update - sp500 e-mini futuresGood Evening and I hope you are well.
tl;dr
sp500: Also max bullish. Bulls closed 8 points below the ath. Strong buy signal going into next week but the issue (again) is that you are buying above the bigger bull wedge and at the very high of a nested one. Waiting for a pullback to go long is the much more reasonable trade instead of buying near 5860. The wedge has room to 5900, so 6000 is a valid year end target. Bear case begins below 5750. 5800-5850 is neutral.
Quote from last week:
comment: Much bigger range than the previous week with wild moves the whole week. Bears sold it with spikes, followed by bulls who bought every dip. End result was 5800 again and now what? We are near the ath and can easily make a new one. The high was also high enough to count as a decent lower high and we sell off from here. Given the strong bull bar on Friday, we have to give the higher odds to the bulls to get follow through above and we will probably make a new ath.
comment: Two decent days were enough for the bulls to make new ath. Again a bad place to trade, 8 points below the new ath. We have nested bull wedges and market broke above the bigger one. Odds favor some pullback but I would rather wait and be flat than to short this.
current market cycle: nested bull wedges
key levels: 5750 - 5900
bull case: Bulls want 5900 and have all the arguments on their side. That still does not make buying 5859 a good buy. It’s possible that bulls break above both wedges and continue for 5900 and much higher, is it likely though? I doubt it.
What, no more text? We have two perfectly fitting patterns and are trading at the very highs. I have given precise invalidation prices. Don’t think more words will make this better. Just as more trades probably won’t make you more money. Quality over quantity.
Invalidation is below 5750.
bear case: Bears have nothing until they close below 5750. We are at the highs but so what? 5 Consecutive weekly bull bars say it all. Don’t look for shorts when bears do not make money other than scalping on time frames below 15m. When these two wedges break below, we will see a decent correction again and it’s possible over the next weeks but as of right now, bears are in pain and nothing else.
Invalidation is above 5910.
outlook last week:
short term: Neutral 5750 - 5850, big range but we are in the middle of that given range and both sides have reasonable arguments. If bulls get follow through above 5800, long scalps are a decent trade for 5830 or a bit higher. Right now I would not trade it.
→ Last Sunday we traded 5800 and now we are at 5859. Neutral range but I wrote above 5800 a long is good for 30 points or more. Good outlook.
short term : Neutral since we are exactly at the top of two big patterns and 8 points below the ath. Sitting on hands is best here.
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 : None
SPY: Bearish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SPY pair which is likely to be pushed down by the bears so we will sell!
❤️ Please, support our work with like & comment! ❤️
SPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the SPY with the target of 545.10 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
QQQ Weekly Outlook (SPY) for OCT 14, 2024A week ago, I provided a weekly long-term view of QQQ (link below):
I annotated that by looking at the weekly time frame, we can note that QQQ has been bouncing off the weekly trendline (TL) that started back in JAN 2023.
It has touched and bounced off that trendline 3x so far:
-MARCH 2023
-OCTOBER 2023
-AUGUST 2024
We started OCT 7th week around 487 and closed end of week at 493.36
Based on technical analysis, QQQ is in a triangle pattern with the top trendline starting on JULY 17th and then hitting it again several other times:
-SEPT 26
-OCT 9
-OCT 10
-OCT 11
The bottom trendline starts on AUG 5th and touches again on:
-SEPT 6
-SEPT 9
-SEPT 10
-SEPT 11
Another TL was drawn on SEPT 11 up which price has been respecting:
-OCT 2
-OCT 3
-OCT 4
-OCT 7
-OCT 8
-OCT 11
This has cause price to get tighter and tighter against JULY 17th TOP TL.
In addition, price has been making Higher Lows (HL) and Higher Highs (HH) starting from AUG 5th until current date. The following are the HH/HL:
HL: AUG 5/ SEPT 6 - 11 / OCT 1 - 3
HH: AUG 22 / SEPT 26 / OCT 11
The GAP that was created between JULY 16 - 17 was filled on SEPT 26 causing the market to GAP REJECT and push price down.
Price has once again come back to that gap and closed above it.
GAPS can be used in several ways. One being the initial rejection. As price is back above it again, what was once resistance / supply can now be potentially turned into support / demand. The second method can be the INVERSION of a GAP.
Utilizing my longer thesis from last week along with the new / current data, a bullish sentiment is formed going into this week for the following reason:
-Two bottom TLs have been respected and acted as support
-Higher Lows/Higher Highs are being made
-Price closed above the GAP that that acted initially as resistance and now turned into support (inversion)
-No economic catalyst for bearish scenario 'yet'
-Price had a strong close above the 5 and 8 EMA on the daily time frame.
Price Targets:
PT1: $498.44
PT2: $500
PT3: $501.01
PT4: $503.07
PT5: $503.52
PT6: $505
This is NOT financial advice but my opinion on the market.
NASDAQ:AAPL NASDAQ:AMZN NASDAQ:QQQ NYSE:ES SP:SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY SEED_ALEXDRAYM_SHORTINTEREST2:NQ NASDAQ:MSFT NASDAQ:TSLA NASDAQ:NVDA NASDAQ:AMD
SaD
YEP! ALL-TIME HIGHS BABY! You're welcome! :)
Pretty simple... After identifying a candle with buying pressure, last week I announced that we would very likely be hitting new all-time highs simply by following the N# pattern that was unfolding at that very moment with precision.
VALIDATIONS ARE THE KEY TO PREDICTING A MARKET MOVE.
But what do I mean?
Here’s a recap of the moves I got in 1 week:
#1 It gave me a breakout.
#2 It gave me an exact retracement to my order block area that I was looking for.
#3 It gave me the volume I needed to see.
#4 It gave me a volume candle with buying pressure.
#5 It gave me an immediate bullish structure.
#6 The "N3" pattern is being fulfilled precisely.
How many validations do I have so far?
6 Validations!!!! Don’t you think we’re in a bullish scenario where, with all these validations being met exactly, we could see a new extreme, breaking new all-time highs?
OF COURSE WE ARE!
The more validations you have in an analysis, the more likely the scenario you’re looking for will be fulfilled correctly.
Now... Going back to SPY, all-time highs are uncharted territory! We must be very cautious, and as soon as the retracement begins, I’ll start my analysis again.
Best regards, and I hope this mini-lesson helps fine-tune your price analysis process.
Thanks for supporting my analysis.
Best regards.
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 - 579.57
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 573.88
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