Big Wick Month in Classic Bear MoveWhich type of move we're in is hard to determine at this point, but if we were inside a classic bull trap we'd have to trade down to 5500 - 5400 from this zone.
It'd have to be a wick rejection on the monthly candle.
Which would mean we'd have to dump over 7% in the next 10 days.
These things
ETF market
Neutral - GLD (Short-term) & Short (Long-term)A. Short-term: NEUTRAL
Daily chart pattern: Double top
RSI: Close to 50. Needs to cross 50 to turn bullish momentum
1. Double top confirmation
- Fib 0.382 rejects at $299.85
-> Enter PUT option for PT: ~$280.5
2. Failed double top
- Pass fib 0.382 at $299.85 to gap up
->
SPY 4H | Smart Money Concepts x Fibonacci ConfluencePrice has rallied into premium territory (above the 0.786–0.886 Fibonacci retracement), tapping into a prior strong high with signs of exhaustion. From a Smart Money perspective, we're entering a high-probability sell-side liquidity sweep zone. 📉
Key Technical Highlights:
🔺 Strong High @ ~613.23 al
THIS TIME IT'S DIFFERENT!🔥 THIS TIME IT'S DIFFERENT! 🔥
Can you see the shift?! VOLUME IS HERE—AND IT'S MASSIVE. 💪💰
Unlike those weak, fleeting rallies that got crushed under waves of red, this one is packed with bullish buyers and offside hedge funds READY TO SEND IT HIGHER. 🚀📈
Not to mention the last time we had this le
$SPY May 20, 2025AMEX:SPY May 20, 2025
15 Minutes.
The expected retrace did not happen.
588-594 movement has led the 200 averages in 15 minutes to move up gradually.
So, the move 588.1 to 595.53 holding 591-592 levels uptrend intact for 598-599 levels.
This is extension for the move 541.52 to 568 to 556
AMEX:
SPY/QQQ Plan Your Trade For 5-19 : Gap Breakaway In Trend ModeToday's pattern suggests the SPY/QQQ will start with an opening price GAP (downward in this case) and could continue to move into a Breakaway pattern.
Given the recent news of a US Credit Downgrade, I'm suggesting all traders prepare for what may become a period of sideways price volatility over th
SPY ... intersting levels when view by DXY ratio and pitchforkSame as all my others, so for reference see my earlier ideas for better grasp of what I do...
But when the dollar changes, you must track that with price to see if things are in inflated territory or deflated territory. As in, gold goes up cause the currencies its measured against go down....cant v
Trend Line in Play - Imminent Advance in Small Caps?Small Caps look the least extended in this equity rally and I really like the tight ranges before it advances to it's next box. My analysis puts IWM imminent on its next advance upwards. Put this trade idea under: "The trend is your friend until it bends".
Rising wedge on SPY - Melt up? or Next leg down? Immediate Bias (Tomorrow):
Scenario 1 – Bullish Continuation (Low Probability unless there's a macro catalyst):
Breaks above ~$596–$598 cleanly
Retests that zone as support (watch 595.50 intraday)
Then targets:
600 psychological
604–608 upper resistance channel
Possible end-of-month blow-off t
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