SPY A Fall Expected! SELL!
My dear friends,
SPY looks like it will make a good move, and here are the details:
The market is trading on 566.62 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 542.79
Recommended Stop Loss - 579.54
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
ETF market
Spy.. The wedgesRemember this, when it comes to technical analysis, anything that goes up really fast form's a rising wedge most of the time and anything that drops quickly form's a falling wedge.
The Spy has risen 12% since April 21 and after this week i we will give half back and head to 533-535.
As you know market goes no where without tech..
So I'll just show you the proce action of the biggest tech sectors
AMEX:XLK
AMEX:XLC
NASDAQ:SMH
And lastly NASDAQ:QQQ
A big red flag in addition to that wedge is the RSI Divergence since April 23 shown on qqq 1hour rsi
Seeing Divergence is like noticing Ball tires; you don't know the exact date the tires will bust but you know it's coming and you just hope your aren't driving (In calls).
This is Qqq daily chart..
200sma purple line
Red line 20sma
We closed right below 200 day but we are 7% away from the 20sma.. qqq usually extended 4-5% from the 20sma before retesting it.
So long story short stay away from tech calls !
2 reasons I think the Spy can make another high this week.
1. Vix still has a gap to close at 21.50
Fallen wedge here, not surprising, vix pattern is usually opposite of spy. I think an explosive moves comes soon here
2. Dow jones , XLF and IWM have the April 2nd liberation day gap to close ..
The dow jones gap is 2% wide, that means another 800pts up. You ever seen the dow pump 800pts and the Spy not go up? Me neither
So I think unless Spy breaks back below 560 early in the week we could melt up to 572-575.
With no big tech earnings that pop up would likely come from FOMC wed..
Whatever intra week high the market makes, I don't think it will close near it.. what I mean is, let's say Spy spike to 572 wed I think we will close the week 560 or lower
Becareful Swinging calls, with all these tech sectors showing a rising wedge I'm sure some of these tech names reporting will disappoint.
Lots of low volume chop early in the week.. count me out until Wed
Bigger picture
Unless we break 530 we aren't headed to 510.. if we break below 510 then 495 will come.. below 495 is death
If we close the week above 585 somehow then we are headed back to 610
Lastly
Es 4hour chart
Cleanest look here. Yellow trendline represents higher lows.
When we break rising wedge I will short to Yellow trendline
SP500 ETF: Fibonacci MappingAs you may know, Williams Fractals indicator identifies potential reversal points by marking a high (or low) surrounded by two lower highs (or higher lows) on each side, forming a five-bar pattern that signals possible turning points in price. Unfortunately, the simplicity of such indicator provides just tiny perspective, undermining broad implication of the concept.
Before I begin diving into processing geometric narrative of emerging price via fibonacci channels, I want to explain how I interpret fractals.
When I use the term "fractal", I'm not just talking about the points alone. Market continuously corrects itself, so analyzing it by price alone can bring more confusion than help. The object of observation shouldn't be limited to quantifying just by a single property. Chaos by default requires awareness from both price and time aspects. The easiest way to root it in my vision was through realization that price is a function of trading time intervals. Its activity can be described as cyclical progression, as if it is wired by multiple "springs" of different tensions.
Classic TA patterns known to literally anyone are great for anticipating a move in surface level forecasts. Since my line of work focuses on prediction over forecasts, it requires deeper structural awareness behind complex oscillations.
Let's observe the way selloff scales from ATH and how it impacts fractal hierarchy.
The first corrective bullish wave can be explained as a reaction to initial impulsive bearish wave. The bigger scale drop from ATH to a lower point explains why the corrective bullish wave looks the way it is. And so on:
In fractals, scaling laws describe how key properties change with size, typically following power-law relationships that reflect the structure’s self-similarity, where a characteristic scales with the size raised to an exponent.
To build a probabilistic model, we must keep in mind how the smaller bits make up bigger scale picture. ATH, established bottom and angle of progression defined by pullback highs, all those points have structural weight. Since psychology of masses that shapes price dynamics is governed by mathematical sequences found in nature, it's fair to use Fibonacci Channels to map the geometry of interconnectedness.
Similarly, all of those points can be referred by another fibonacci channel with opposite direction.
From my perspective, traditional TA patterns reflect just phases of cycle, this is why I unify those fragments into broader scalable shapes. This distinctive branch of Fractal Analysis allows to track systematic aspects of market behavior and explains how a pattern replicates itself in rhythmic continuity.
$SPY Possible simulation with COVID, Bottom at 495 then ATH 630Lowest RSI since COVID , highest daily volume for years! but if copy the wave of COVID drop we can see some similarities. bottom by 2nd week April at 495 then consolidation at 530 then up and fighting zone between 550-560 then up and small top on June/July then All time high in Sep at 630. the idea, take long dated strangles options
Bitcoin (BITX) getting ready for a parabolic move? Here is a chart of probably my favorite swing trade for the year.
I am keeping it simple with this chart though. I am a firm believer in simple when it comes to trading. I think the previous descension and breakout is playing out very similarly to the current one. Both had a double top rejecting from their respective trendlines following the initial breaks of structure. BITX is currently making its second tap of the the trendline. If it plays out like the previous structure did that would suggest w could see one more low in store.
I don't believe this to be the case but if it is this run could be postponed until the end summer/beginning of fall. I think it is more important to point out the relative strength in Bitcoin as of late, the weakness in the US dollar, as well as global liquidity having broke out months ago.
I think the most likely scenario is a pullback from this point which will be followed by a higher low printing. I will say I also expect this pullback to be steeper than the one from the previous descension. Bitcoin and Indices are a lot more overextended than they were last time around and the structure in indices is a lot weaker than before.
All this being said I am expecting a breakout to occur over the next several weeks just based off probabilities. It all depends on if BTC and indices and hold their respective demand/support levels. Bitcoin needs to hold 85k in order for a summer breakout to occur. For the S&P equivalent level this could be somewhere around 5200-5300.
If these assets are not able to hold these levels my confidence will shift pretty dramatically. I would still expect a major rally to take place around the Q4 timeframe but I would be expecting a lot less upside. Price would likely have to chop around for a while before deciding if it wants to continue to the upside. I am basing this off market structure/Dow theory. It is important to take all possibilities into account and ultimately let the charts do the talking.
SPY will make new highs in coming weeks to monthsI decided to swap to the weekly view and found the 3 most bullish candlestick patterns all appearing in the month of April.
1st: Piercing Pattern:
This occurred on the week following Liberation day. The piercing pattern occurs when price closes above the midpoint of the prior weeks red bar after opening below the low of the previous week.
It signals that the price action was very emotional and reactionary, gapping below the low the a strong downtrend, it then signals that buyers were committed to recapture a majority of the price action. It also indicates that there may be trapped bears and short positions that were opened at the low, this can squeeze price higher.
2nd: Bullish Engulfing
This occurred the week last week. It is a classic pattern that signals to turn bullish. It occurs when the green bar fully engulfs the previous weeks red bar.
It signals that the price action was able to make a new low, this is important as similar to the piercing pattern it indicates there may be trapped bears/shorts who will be squeezed and forced to capitulate. It also indicates that the bulls were able to make new highs breaking out of the previous weeks range.
3rd: 3 Outside and up
This just occurred to end this week. It is a rare follow-up to the bullish engulfing, it is defined by a bullish engulfing that has a following week with a close strongly above the engulfing candles high.
It signals that the engulfing candle had commitment and follow-through, it signals that bears were unable to stop the trend and are at the point of capitulation. Many bullish engulfing patterns can lead to consolidation or weekly doji candles, or the less frequent reversals if bears are strong. the 3 Outside and up confirms that the bullish movement is strong.
This was a very difficult month to trade with a ton of traps, I expect there will be more traps and pullbacks to come, but the big picture is bullish.
IWM: 1Hr UpdateIWM is showing signs of short-term exhaustion after rejecting near $198. A break of the rising trendline suggests a pullback is in play. The $187.99 level is key support – a bounce here could trigger the next leg up toward $200.68.
🧠 Trade Idea: Monitor price action near $188 for long entries targeting $200. Stop below $186.
⚠️ Bearish confirmation only if we lose $187 decisively.
🔍 Probability Setup:
🔸 Bullish Bounce → 65%
🔸 Direct Breakout → 15%
🔸 Breakdown → 20%
📅 May 1, 2025
#IWM #Russell2000 #TradingView #TechnicalAnalysis #ETF
IWM: Trade PlanTechnical Analysis:
Rising Wedge formation clearly visible on the 15-min chart, typically a bearish reversal pattern.
Major horizontal resistance at $200.78 — a strong previous breakdown level, now acting as a supply zone.
Plan: Short near $200.78 with stop-loss slightly above the upper wedge boundary (~$202-203).
Target Zones:
First target: ~$190
Second target: ~$185 if momentum increases.
Momentum indicators (RSI, MACD) are beginning to show early signs of bearish divergence — momentum fading while price grinds higher.
Fundamental Context (April 28, 2025):
Macro Risk:
Small-caps (Russell 2000) under pressure as investors anticipate a potential slowdown in U.S. GDP growth Q2 2025.
Treasury yields remain elevated → Higher financing costs disproportionately hurt smaller companies (Russell 2000 heavily debt-sensitive).
Earnings Season:
Mixed earnings for small and mid-cap companies; many struggling to beat analyst expectations.
Federal Reserve Outlook:
Futures pricing only a ~12% probability of a rate cut at the May FOMC meeting (CME FedWatch Tool, 2025).
"Higher for longer" interest rate environment is a headwind for IWM.
Market Sentiment:
Risk appetite cooling as VIX (volatility index) starts ticking up from multi-month lows.
Summary:
IWM faces a confluence of technical resistance, a bearish chart pattern, and growing fundamental pressure. Watching closely for rejection at $200.78 to initiate a short position with a measured risk/reward setup.
Hashtags:
#IWM #Russell2000 #TechnicalAnalysis #TradingSetup #ShortSetup #BearishWedge #SmallCaps #StockMarket2025 #MacroAnalysis
SPY: Bear Market Rally Near Completion?Wavervanir DSS | April 30, 2025
SPY is approaching a critical reversal zone at the 0.786 Fibonacci retracement level (~$563.33), following a sharp bounce from the March lows at $481.80. Price is now testing overhead supply from a prior breakdown, and a rejection here aligns with both technical exhaustion and deteriorating macro conditions.
🔍 Technical Breakdown
Resistance Zone: $563.33 (Fib 0.786) – Strong potential reversal point.
Bearish Targets:
$500 (Fib 0.786 from Jan–Mar leg)
$481.80 (prior low)
$431.45 (Fib 1.382 extension)
Structure: ABC corrective wave likely playing out with lower highs forming.
Volume: Momentum on the rally is weakening—bearish divergence setting in.
🧠 Macro Alignment
Sticky Inflation and high real yields persist.
Fed expected to hold rates steady in May (no pivot).
Earnings and forward guidance remain mixed, with cracks showing in consumer credit and regional banks.
Soft landing narrative is fading unless CPI or labor data surprises to the downside.
📊 Probability Estimate
Bearish Reversal (to $431.45): 65%
Bullish Continuation (to $598.51): 25%
Sideways Chop (532–563 range): 10%
⏳ Watch for confirmation below $547 to validate the reversal.
📉 If 563 holds, downside may accelerate into summer.
🧠 WaverVanir DSS remains net short while volatility remains structurally elevated.
💬 What’s your play? Bull trap or breakout?
#SPY #S&P500 #TechnicalAnalysis #Macro #TradingView #Fibonacci #BearMarket #RecessionRisk
Ishares 20+ Year Treasury Tumble with -15% crash ??On the above monthly chart price action has seen a nice 25% rise since November 2023. A number or reasons now exist to be bearish.
Incidentally, with all the recently published ideas on Tradingview, Without Worries appears to be the only one who is bearish.
The reasons?
1) Broken market structure confirmation.
2) Active price action resistance.
3) Rising wedge. A breakdown confirmation will see price action correct 17%.
4) $76 is the next support level, which is incidentally the measured move forecast by the bearish wedge identified in (3).
Is it possible price action continues to rise as most of Tradingview is calling for? Sure
Is it probable? No.
Ww
More potential downsideEveryone is picking bottoms that is dangerous in this environment, this chart is Elliott wave we are at the top of the b-wave and it is considered a bull trap but we could get a v shape and may not get follow through in which case the b-wave becomes a new wave 5. It could go either wave but my bias is we get follow through to the downside but its just an opinion you have to due whats best for you.
SPY QQQ NQ/ES 2 Mayo 2025QQQ Technical and Options Flow Analysis
Timeframe: 15-minute chart
Source: SpotGamma Levels & Custom Volume Profile Zones
🔺 Key Resistance Levels (Potential Sell/Target Zones):
Zone Price Remarks
Call Wall (2) 490.00 Major resistance — target area for calls
High of May 2nd 487.44 Short-term intraday resistance
Call Wall (1) 485.00 Intermediate resistance and sell zone
RB Head 484.31 Breakdown area — if rejected, expect downside
🔻 Key Support Levels (Potential Buy Zones):
Zone Price Remarks
Call Wall (3) / Put Wall (2) 480.00 Key pivot zone — watch for defense or breakdown
RB Bottom 481.13 Breakdown support from prior rejection zone
Put Wall (1) 475.00 Strong put support — primary buying interest
Zero Gamma 477.00 Gamma pivot point — volatility may spike near it
Opening (IRA): SPY July 18th 495 Short Put... for a 5.13 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit.
Max Profit: 5.13
ROC at Max as a Function of Strike Price: 1.04%
Will generally look to roll up if the short put is in profit at 45 DTE or greater, add at intervals if I can get in at strikes better than what I currently have on at the June 513's and July 495's, and/or consider a "window dressing" roll (i.e., a roll down to a strike that is paying about the same in credit) to milk the last drops out of the position.
SPY - support & resistant areas for today May 2 2025These are Support and Resistance lines for today, May 2nd, 2025, and will not be valid for the next day. Mark these in your chart by clicking grab this below.
Yellow Lines: Heavily S/R areas, price action will start when closing in on these.
White Lines: Are SL, TP or Mid Level Support and Resistance Areas, these are traded if consolidation take place on them.
Silver Lines: An Area where price action could happen and do work on a choppy day.
$SPY Trapped in a Bear Gap - May 2 2025 contract AMEX:SPY
How interesting that we traded completely within the bear gap yesterday .
First time above the 50 Day moving average in quite a while. 50 Day MA pointing us lower along with the 1hr underneath us.
Let’s go. Today’s Range looks like a fun way to close the week.
SPY/QQQ Plan Your Trade Update : Behind The Scenes ResearchI want to say thank you to all of you and to share with you all the work/resources/servers/and other data I maintain to help me identify where and how the markets will present opportunities to all of us.
This video shows you a bit of the behind-the-scenes work I do and some of my proprietary modeling systems.
I'm not sharing this with you to try to win you over or to tell you I do more than anyone else in terms of research. I'm sure there are many others who go much further than I do in terms of trying to dissect the markets and the opportunities available.
But I do believe I deliver very unique research, which is a one-of-a-kind solution for traders.
Again, I'm not 100% accurate (I wish I were).
But I am trying to share some of the decision-making solutions I use to understand where the markets are likely to move over the next 2- 4+ months and how traders can profit from my research.
Remember, you are only seeing about 10% of my total research, tools, modeling systems, and capabilities in these Plan Your Trade videos.
I want to thank all of you who continue to value my work. It is not easy. It takes money, time, and resources to continue to monitor all of these systems/algos.
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Again, thank you for making my research a success. I promise to do more and improve my tools over the next 12+ months for everyone to find better profits.
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