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If SPY Breaks Above $410 - we could see $420+ very quicklyBreaking above the $410 resistance level could be a very big sign that bullish price trending is building momentum. Ultimately, I don't believe the SPY has enough momentum to get above $440~450 in 2023 - but I could be wrong. I do believe we will move into a bout of sideways congestion after Q1:2023 - and slide into a period of complacency. Near the start of Q3:2023, I believe we will see the bullish price trend resume - likely starting a push towards new all-time-highs again. We are certainly living in interesting times. If you are not following my research - please take a minute to review my posts/comments. Here we go.
AMEX:SPYLong
by BradMatheny
DOW 1 HOUR : UPPER TARGET IS 35300 AND DOWN TARGET IS 31111we have 3 angeel on dow and look like want go to fibo161%(nasdaq too,,have buy ) dont pick sell more ,,,for sell we need dow break RED TREND LINE buystop on high + buy above green arrow near EMA200 1hour is best action for now if you have old sells, 100% put hedge buystop on last high and never never close it (main trend is up) , break 3angel will flyup dow ,,,,, then in next low close your sells frist,then in high close hedge buy ALERT = INDEX LIKE NASDAQ,DOW,DAX ARE VERY COMPLEX,HARD NEED MINIMUM 5 YEAR PRACTICE ON DEMO ,if you dont have 5 year practice dont trade it in real money good luck
CBOT_MINI:YM1!Long
by ramin_trader2006
SPY COVID Correlation - 119pt BOTTOMI just noticed this (should have seen it earlier). In the midst of a GLOBAL ECONOMIC COLLAPSE, the SPY fell a little over 119 points before bottoming. My interpretation of this move is that traders/investors suddenly realized the US/Global markets would continue to function - even in the midst of a global lockdown. Now, fast-forward to 2022. Hey, guess what. The range from the peak in early 2022 to the bottom in October 2022 was just a little over 119 pts. Correlation or coincidence? Can we try to equate this -119pt contraction to a global crisis event (like COVID) - where the entire globe moved into LOCKDOWN?... Um. NO. Are we seeing global financial conditions tighten as central banks raise rates? You bet. If this the end of the move? I'm not sure, but it would appear to be lacking any global crisis event - we could have already seen the low/bottom in October 2022. I have a funny feeling the -119 price contraction will come into play in the near future. Are you following my research yet?
AMEX:SPYLong
by BradMatheny
SPY New High - likely headed higher.Are you following my research yet? Check out my SPY Cycle Patterns and decide for yourself if my predictions are accurate: SPY Cycle Patterns for this week: 1/15/2023 GAP Potential 1/16/2023 GAP-Reversal 1/17/2023 Breakdown201 1/18/2023 POP 1/19/2023 1/20/2023 BaseRally301 1/21/2023 Break-Away 1/22/2023 Rally-111 1/23/2023 Carryover 1/24/2023 Inside-Breakaway 1/25/2023 Harami-Inside 1/26/2023 CRUSH 1/27/2023 Rev-Rally Now, using traditional Fibonacci price modeling, we can see the recent support level held and a New High was reached. This indicates the SPY will likely attempt a bit of consolidation/rotation over the next 4+ days, but will likely rally even higher in early Feb. Follow my research. It's simple and easy to follow.
AMEX:SPYLong
by BradMatheny
Dow Futures (YM) Looking for 5 Waves Elliott Wave Move LowerCycle from 12.13.2022 high in Dow Futures (YM) is unfolding as a zigzag Elliott Wave structure. Down from 12.13.2022 high, wave A ended at 32686. Wave B rally ended at 34487 as the 90 minutes chart below shows. Internal subdivision of wave B unfolded as a zigzag structure in lesser degree. Up from wave A, wave ((a)) ended at 33663 and dips in wave ((b)) ended at 32750. Index then extended higher in wave ((c)) as a 5 waves diagonal. Up from wave ((b)), wave (i) ended at 33613 and dips in wave (ii) ended at 32943. Wave (iii) ended at 34080, wave (iv) ended at 33489, and final leg higher wave (v) ended at 34487 which completed wave ((c)) and B in higher degree. Wave C lower is currently in progress as an impulse structure. The Index still needs to break below wave A at 32686 to confirm this view. Down from wave B, wave (i) ended at 33916 and rally in wave (ii) ended at 34131. Wave (iii) ended at 33318 and expect rally in wave (iv) to fail and Index to extend lower in wave (v) to complete wave ((i)). Afterwards, it should rally in wave ((ii)) to correct cycle from 1.16.2023 high before the decline resumes. Near term, as far as pivot at 34487 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside. Potential target lower is 100% – 161.8% Fibonacci extension of wave A. This area comes at 30385 – 31952 from where buyers can appear and Index can start to resume higher.
CBOT_MINI:YM1!
by Elliottwave-Forecast
3
ES Looking For Support Near 3920 - Then LIFTOFFPay attention. Today will likely be a large range bar - possibly with a deep low near 3920. My SPY cycle patterns call today a "Major CRUSH". That means we could see a very large price range today. Combined with other SPY Cycle patterns, I believe the ES will attempt to establish a base/bottom - retesting recent lows. As we move into 2023, be aware that cycle trends have shifted. We are entering a Wave-5 bullish price trend. This Wave-5 trend may not result in new all-time highs this year, but we should see a solid recovery/reversion back to the upside. There are still risks related to the global banking/credit system, so stay cautious of crisis events. Follow my research. Pay attention to the clear market data - not the perma-bears that continue to tell you a "major crash" is about to happen. After today, we move into more bullish consolidation as Earnings start to hit.
CME_MINI:ES1!Long
by BradMatheny
SPY Fibonacci & TA. Bullish Target Above $410.For everyone interested: Expect volatility to be king over the next few weeks (earnings and economic data). SPY reaching a major APEX in price trend. It is very likely to resolve to the upside, but that means we have to be prepared for "false breakouts". Fibonacci price trends suggest current trend is BULLISH (closing GAPS). The upper GAP may be the next target on a strong rally phase. Don't play around with this trend. If you are SHORT - PROTECT YOUR CAPITAL. Economic data continues to suggest the US markets will resolve to the upside if inflation trends continue to weaken. Follow my research & videos. I've been trying to warn you about the start of a Wave-5 rally for more than 5+ months.
AMEX:SPYLong
by BradMatheny
Global Markets Are Setting Up A MAJOR BOTTOM For 2023+US/Global markets are actively seeking a bottom at this point. We've witnessed the largest unwinding of global excesses since the DOT COM bubble and, before that, the 1929 market peak. Use this symbol to experiment with market trends/setups: (TSLA + ARKK + ARKW + ARKQ + GME ) / 5 In my opinion, the deep selling is nearly over. This chart shows the custom symbol is very close to the center level on the historical Pitchfork and very close to a 1.0 (100%) Fibonacci extension from 2016 to 2019. I suspect the unwinding of the global markets is very close to a BOTTOM right now. 2023 could be very explosive, considering the extreme downside pressure we've seen over the past 15+ months. Think about this for a few minutes... _This chart shows price is currently AT or BELOW 2016~2018 center Std Dev levels. It may move a bit lower before actually finding a bottom. _This price level represents a pre-2019 earnings/revenue expectation (ignoring the past four years of progress). _The US Fed has already disrupted inflation trends and will likely shift towards more moderate policies in H1:2023. _This was not an excess bubble as much as it was a speculative bubble during the COVID supply disruption. Now, we shift back to more normal Revenue/Growth expectations. The US/Global markets are actively seeking a bottom RIGHT NOW. The reversion/reflation trade (bullish) could be very powerful. ---- ------------------------------------------------ Precious Metals will continue to appreciate - just like what happened in 2002~2005+. We are in the early stages of a reflation cycle (post COVID speculative bubble). The bubble has burst. Prices have deflated. A reflation rally is very likely unless some global crisis event disrupts the global economy. Gold and Silver will likely rally 35% to 55% higher over the next 2+ years (possibly higher). This is just like 2002~2005 all over again. ----------------------------------------------------------------------------------------------------------------- I believe it is time to start initiating "TOKEN" positions in deeply undervalued Technology, Energy, Consumer Staples, Healthcare, and other "relation" sectors. Follow my research.
NASDAQ:TSLALong
by BradMatheny
2
New SPY Cycle Patterns Headed Into Christmas 2022Pay attention to the very real possibility that the current GAP will be filled early this week as price attempts to find a base/bottom after last week's selling. I expect moderate volatility and a change of trend as we move closer to Christmas. Initially, we'll see some moderate downward price pressure, then we'll see a shift upward near the end of this week. 12/18/2022 Inside-Breakaway 12/19/2022 POP 12/20/2022 12/21/2022 Top/Resistance 12/22/2022 Flat-Down 12/23/2022 MntmRally-012 12/24/2022 GapUp-Lower Remember, stay protected and stay safe as volatility may be excessive over the next few weeks. 2023 looks very interesting. Follow my research to learn more.
AMEX:SPYLong
by BradMatheny
US Stocks are about to EXPLODE higher. Here we goThe reflation trade in the US stock market (Wave-5) is about to explode above the GREEN resistance line. Far too many people continue to believe the US markets will collapse on some Fed/Economic crisis event. What they don't understand is the US is in a different position right now. Yes, deflation trends may continue for REAL ASSETS (homes, cars, commodities, others), but as long as the US economy continues to tick along (employment, wages, consumers), billions of dollars every month flow into IRAs, 401Ks, and other investment assets. This is what I call the "economic bias" related to money flow and US dollar depreciation. Over time, the natural process of the US/global economy is to GROW - not CONTRACT. Therefore, we need to be prepared for a reflation trade (similar to 2003-05 when the US markets move upward after the 9/11 event). Follow my research.
FX:SPX500Long
by BradMatheny
ES support @ 4018 now becomes critical trigger levelThis big rotation to the upside, after the CPI number, presents a new $4018 support level on the ES for traders. The Fed rate decision tomorrow may send markets briefly below this level, but watch for a reflation trade to setup after the Fed comments. If my research is correct, a melt-up trend has already been established. I expect the US Dollar to melt back above 105 while Gold and Silver continue to melt upward as well. The US markets may continue this upward trend into Q1:2023. Follow my research.
CME_MINI:ES1!Long
by BradMatheny
SPY Cycle Patterns For Dec 12, 2022 - More sideways melt-up.Here are the SPY Cycle Patterns for this week. Expect more sideways melt-up trending as we head into the Fed rate decision and key economic data. Traders will start to shift into early 2023 expectations this week (after the Fed). Check out my other posts. The markets are not expecting anything extraordinary right now - more of the same. The Fed rate decision will likely come in between 50pb and 75pb (as expected). All of this has been BAKED INTO the markets already. I can tell you what I'm seeing out here in So. Cal... Shoppers EVERYWHERE. Traffic is a mess. Lots of our of state cars everywhere. Malls and shopping centers seem packed. From what I can see, Q4:2022 will probably stay very solid for retail and online shopping. Unless there is some catalyst to BREAK the markets, US stocks should slide into 2023 with fairly strong expectations. Follow my research.
AMEX:SPYLong
by BradMatheny
2
DXY will find support above 103.70As the global economy continues to recoil after the US Fed rate increase - watch for the USD/DXY to find support above 103.70 and flag sideways/higher over the next 15+ weeks. I suspect any continued Fed rate increases will put further pressure on global markets/currencies and drive foreign investment in USD assets throughout 2023. Yes, the US economy is contracting - which is exactly what the Fed wants (breaking inflationary trends). But, that does not mean the US economy is CRASHING. What is happening is the strength of the US economy/USD is creating a capital-shift we've not seen since the early 2011~2013 bottom. Foreign investors are rushing away from risk - towards safety, security, & ROI. That means they are seeking the safest, strongest economy on the planet, with the best chance of ROI. I believe that is the US economy (the strongest on the planet) which is currently ON SALE at a 40% to 70% discount. Pay attention.
TVC:DXYLong
by BradMatheny
SPY Cycle Patterns for Dec 5 thru 9 - A Flat Sideways Melt-upI love the fact that traders are messaging me asking questions regarding my SPY Cycle Patterns. Thank you. I hope all of you are starting to see some value from my research and using it to profit from some of these moves higher. Right now, and probably until next week (Dec 12 of later), the markets will probably slide into a fairly volatile sideways melt-up phase. I'm expecting a 4 to 6%+ volatility range over the next 7+ trading days before some catalyst sends the markets higher. I've listed all the SPY Cycle Patterns for December below. I've highlighted the key days (**) that I believe will create a bias trend in December. The other patterns may still represent upward trending and volatility. 12/1/2022 Flat-Down 12/2/2022 Harami-Inside 12/3/2022 Tmp-Btm-102 12/4/2022 GAP22 Potential ** 12/5/2022 12/6/2022 Top 12/7/2022 Flat-Down 12/8/2022 Break-Away 12/9/2022 Carryover 12/10/2022 Tmp-Btm-102 ** 12/11/2022 Top/Resistance21 12/12/2022 Consol-210 12/13/2022 Tmp-Btm-102 ** 12/14/2022 GAP-Reversal 12/15/2022 Breakdown201 12/16/2022 Break-Away ** 12/17/2022 Carryover 12/18/2022 Inside-Breakaway 12/19/2022 POP ** 12/20/2022 12/21/2022 Top/Resistance 12/22/2022 Flat-Down 12/23/2022 MntmRally-012 ** 12/24/2022 GapUp-Lower 12/25/2022 Rotation 12/26/2022 GAP-Reversal 12/27/2022 Breakdown201 12/28/2022 MntmRally-012 ** 12/29/2022 GapUp-Lower 12/30/2022 Top 12/31/2022 Flat-Down
AMEX:SPYLong
by BradMatheny
The Santa Rally Continues - Don't get stuck in Perma-Bear modeFar too many people got burned over the past 24 hours by betting the FARM on the Fed coming out Hawkish. I was chatting with a guy on Twitter last week about his call for a deep selling phase (possibly reaching COVID lows) in the US markets. His followers got burned by today's move (some really badly). You have to shift with the market trends and prepare for the unexpected. My research kept my followers away from risks and has been pointing towards a Wave-5 rally setting up in the US markets for many months. I use my Custom Indexes to get a better "feel" for how the markets are reacting to various inputs/outcomes. My Rotational Modeling system has been cautious for more than 14+ months - off only -6% for 2022. Many other Hedge funds are off by at much as -40% to -60%. Days like today, if you were lucky enough to survive them, will teach you a few lessons... Don't get married to a trend Protect capital at all times READ THE DATA - not the emotions Price can fool you - so protect your position. Follow my research.. Or, at least, check out my content before you decide to place your trade. Check out my SPY Cycle Pattern posts. Ask questions if you have them. This move isn't over yet.
AMEX:SPYLong
by BradMatheny