slvMy Silver Art #slv AMEX:SLV A possible outcome for next big move for silver as she continues to coil with a 106-reaction zone is marked. #investor #stockmarket #technicalanalysis #trader slvby awakensoul_3693
xlu My XLU Weekly Art AMEX:XLU #xlu #stockmarket #trader #daytrader #learn #technicalanalysis #ta #myart #investor as we continue to the upside, marked reaction zone around 95. xlu by awakensoul_3692
SMH shows signs of bullish turn aroundSMH experiences a false breakout and tries to sustain it for a few periods with increased volume SMH experiences first false breakout above Tries to hold higher levels outside resistance Increased volume is accompanied with this breakout This gives a signal that bear drawdown has weakness in it and bulls maybe taking over soon.by ratchet-mint4
SPY shows more interest in rallying than beforeSPY is starting to show more signs that a breakout above the flat trading its in is coming We see increased volume over peaks of previous rallies indicating agreement with pushing up prices RSI's SMA starts to break through the 50 line comparing to the QQQ, its experiences another false breakout above for the second day in a row. Showing the tech sector is attempting to turn around to the upside SPY continues to still trade flat but show more confidence in its small rallies than previouslyby ratchet-mint1
QQQ looks to break into bullish territoryQQQ again breaks out above the longer resistance line to test new more bullish grounds For the second day in a row QQQ breaks above the long term downward resistance line This breakout is accompanied with increased volume over yesterday while trading in the higher zone RSI breaks above SMA during this time RSI's SMA been flat to trending slightly updward The bulls are looking to be taking over in the near future showing further weakness in this sell off.by ratchet-mint3
High Beta Bear | HIBS | Long at $22.00 (September Only)Historically, September is one of the worst performing months in the stock market. A hedge against my bets for this month is to buy shares of Direxion Daily S&P 500 High Beta Bear 3X AMEX:HIBS as a volatility play. The index provider selects 100 securities from the S&P 500 Index that have exhibited the highest sensitivity to market movements, or “beta,” over the past 12 months based on the securities’ daily price changes. This isn't "buy and hold" play, whatsoever - you'll loose. It's a short duration hedge using seasonality odds that *may* be in my favor (i.e., September sucks) Target #1 = $24.85 Target #2 = $26.00 Target #3 = $28.00+ A stop exists below $20.00. Longby NicksAnalysisUpdated 4
Opening (IRA): SPY August 30th 486 Covered Call... for a 481.76 debit. Comments: Re-upping in SPY in slightly longer duration, but with the short call at about the same delta as the one I took off, resulting in a lower buying power effect and break even with the primary goal being to milk a little more out of August before moving onto Sept. Again, un-sexy metrics as a standalone trade: Buying Power Effect/Break Even: 481.76 Max Profit: 4.24 ROC at Max: .880% 50% Max: 2.12 ROC at 50% Max: .440%Longby NaughtyPinesUpdated 1
US Markets Cleared For A 13% to 24% Rally - Get SomeThis video highlights why I believe the US markets are ready to make a big move higher over the next 12 to 24+ months. Many people suggest the markets will crack or crash, or we will experience some black/grey swan event. I'm afraid I have to disagree with this belief. Yes, there is always a chance we will see some market event. However, to disrupt the US/global economy, there would have to be some event that disrupts the world, not just one or two smaller countries. I do believe the US is making a broad transition into the 21st century, and new leadership (Govt) is required to make that happen. But I also believe the seeds have been planted for exponential growth over the next 10-20+ years - and many traders are too focused on the crash dummies to see the real potential. Watch this video. Share your comments if you like. I believe we will see pullbacks and rotations on the way up - but I don't think we'll see any big crash event until after 2031 (or later). Get some. This is going to be BIG. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long13:36by BradMatheny4
SPY Before the Long Weekend. 8/30/24Chart Overview: Time Frame: 1-hour chart Indicators: Price levels, trendlines, and RSI (Relative Strength Index) Key Levels: Resistance Levels: 563.91: This appears to be a key resistance level that SPY has tested multiple times without breaking above. 563.64: Close to the previous resistance, this area seems to be another strong resistance zone. Support Levels: 562.19: This level is currently providing support, as shown by the recent price action bouncing off this zone. 557.24 - 558.00: This zone represents a stronger support area, with multiple touches indicating a solid foundation. 553.47 - 553.41: The lowest support zone on the chart, a critical level for the bulls to hold. Trendlines: Ascending Trendline: There is an upward trendline starting from the lows, indicating a bullish trend. The price is currently respecting this trendline, which is crucial for the continuation of the uptrend. Wedge Formation: The price action is forming a wedge, with the upper boundary at the resistance level and the lower boundary along the ascending trendline. Wedge formations usually indicate potential breakout scenarios, either to the upside or downside. Possible Scenarios: Bullish Scenario: If the price breaks above the resistance at 563.91, we could see a continuation towards the next resistance level, potentially around 570.00 (as indicated by the upper trendline). The ascending trendline support should hold for this scenario to play out. If the price continues to respect this line, it’s a strong sign of bullish momentum. Bearish Scenario: If the price fails to break above the resistance and falls below the ascending trendline, it could lead to a decline towards the support zone at 557.24 - 558.00. A break below this support zone could lead to further downside, targeting the 553.47 - 553.41 area. RSI Analysis: The RSI is hovering around the middle range, not indicating an overbought or oversold condition. This neutral position means that the market could swing either way, depending on how the price interacts with the key levels mentioned above. Strategy: For Bulls: Watch for a breakout above 563.91 with increased volume to confirm the move. Consider entering on the breakout and setting a stop loss just below the ascending trendline. For Bears: If the price breaks below the ascending trendline, look for short opportunities with a target around 557.24 - 558.00. A break below this support could provide more downside. This setup requires careful monitoring of the key levels and price action to determine the next significant move.by BullBear-Insights2
$SPY August 30, 2024AMEX:SPY August 30, 2024 15 Minutes. Shorted yesterday at 560 levels. Today for the fall 563.68 to 557.18 561 is 61.8% retracement for the fall. Since AMEX:SPY below all moving averages i will hold the short. As written for the rise 518.05 to 563.91 I am expecting a 23.6% retracement. We have an oscillator divergence. So only above 564 I will be closing at loss. 4$ loss for 7 % gain. Good R:R at the moment. Let's see. Shortby RiderTrader882
ITBEESSince a long time in the past, the IT sector has experienced extreme market volatility and pressure. even if one of the most favored industries is IT. Thus, because of this unstable market, "ITBEES" appears to be the greatest investment in the IT sector. I've seen that there has been a 16–17% correction to this volatility. That one, I think, if you investigate here at CMP 35 Rs. It might yield a 17–18% return for us in the upcoming days. Before considering an investment, please consult your advisor (HOLD as POSITIONAL). I'm not a certified advisor. Please don't take anything personally; it's only meant to be informative. Longby KP_77Updated 9
Fed’s Preferred Inflation Indicator TomorrowTomorrow’s macroeconomic calendar is set for a major event! 📊 At 8:30 AM Eastern Time, we’ll see the release of the Fed’s preferred inflation indicator: the Personal Consumption Expenditures (PCE) price index. The implied move for PCE is +/- 35 points, with the estimated month-over-month core PCE at 0.2%. 📈 Stay tuned for market reactions and how it could impact the broader indices! SP:SPX AMEX:SPY NASDAQ:QQQ #Finance #Investing #MarketWatch #EconomicData #Inflation #PCE #Fed #StockMarket #FinancialNewsLongby AlgoTradeAlert2
IWM Short, then LongI want to short AMEX:IWM on a retest of 216.62 (orange circle) after it fills the hidden bull gap from 213.60 - 215. My final take profit will be at about 209 - 209.50 area, which is the equilibrium of the current uptrend and a previous swing high spot. I will be looking for longs at this general 209 area back up to 216.62. The current uptrend is very much overextended in my opinion, with the 8/1 signal bar showing wide scale distribution.Shortby mjc10231
SPY holds steady while QQQ sells offDuring the past week, SPY and QQQ have diverged in their paths QQQ slowly and steadily sold off SPY traded flat during that time This indicates that the sell off in QQQ was primarily tech driven and did not spread to the rest of the industries other industries look to be holding stable by ratchet-mint0
QQQ shows a reversal is nearQQQ experienced a number of turning points showing increased weakness in the sell off we have been seeing over the past week. False breakout to the upside Strong growth in volume confirming the breakout direction Hammer candle on close indicating reversal maybe coming after later day retracement RSI breaks above SMA line for first time This change in direction we have seen today with a new interest from the bulls shows that ever selling we experience going forward will likely be tested by the bulls again. For trend traders I would recommend sitting on the side lines until we see a stronger trend form either to the up or down side. This current down trend is showing weakness.by ratchet-mint5
How I used Volume Spread Analysis to avoid FOMO trading!As a trader, I often battle with the fear of missing out (FOMO), a common pitfall among traders that can lead to impulsive, unprofitable trades. After reviewing my journal, I determined that chasing breakouts was costing me a significant portion of my account, so I studied Volume Spread Analysis (VSA) to help me reduce my urges. Here is how is used VSA to avoid FOMOing a trade. Before we get started, let's clarify two definitions: Volume: Measures the number of times buyers and sellers exchange 1 unit of an asset at an agreed-upon price. It doesn't inherently indicate whether a trend is bullish or bearish, but rather that a trade has occurred. Low volume suggests that few transactions have taken place because buyers and sellers couldn't agree on price. High volume suggests that buyers OR sellers felt they were getting a bargain at the current price, leading to many transactions. Spread/Range: The difference between the high and low of a candlestick. A narrow spread indicates little variance between what someone is willing to buy for and what someone is willing to sell for. A wide spread suggests that buyers and sellers have significantly different ideas of what the fair price is. In short, Volume Spread Analysis (VSA) interprets the relationship between trading volume and candle spread. When volume and spread agree, they are considered harmonious, and the trend will probably continue. If volume and spread disagree, there is a divergence, and the trend may be weak or could even reverse. In general, there are three main harmonious conditions: Narrowing spread should have narrowing volume. Average spread should have average volume. Widening spread should have widening volume. I spotted a bear flag consolidation on QQQ and decided I would trade the breakout to the downside. I took a break and came back to the chart just after the breakdown had occurred, missing my ideal entry. The candle spread was widening and my first thought was "I have to get in! This thing is free falling!" PAUSE! I reminded myself that I cant make every dollar in the market. If I miss this trade, there will always be another. "Be patient and wait for the market to come back to you." This is the chart after the initial break. What can we observe? QQQ broke the low of day with high volume and a widening red candle. Based on our definitions from earlier, we know that high volume means that buyers or sellers think they are getting a bargain so they are willing to transact as much as they can at current price. Given that price is falling, we can assume that the volume is due to aggressive selling. We remain patient and continue to watch for something to trade against. Next, we see a narrower range candle with a long lower shadow and above average volume. By definition, strong volume with a narrow range is a possible divergence. We know that narrow range candles mean that buyers and sellers generally agree on current price, but why would it close near the highs if the selling was so aggressive? Given that there is a long lower shadow and then a bullish candle close, we can infer that sellers were not willing to sell below $467.89. The buyers absorbed the selling at those prices. Fast forwarding, we notice that the volume and candle size has shrunk back to the average meaning buyers and sellers are in agreeance. The number of people willing to transact is decreasing. We also notice that a small range has formed. Buyers have not stepped in to buy above the previous low of day at $469.35 and the sellers have shown no effort to get back below $467.89. Now we have something to trade against instead of FOMOing in! We will look for a break of this range with increased volume. On the next candle we see bulls break out of the range with aggressive volume and a wide spread candle. Something of note is that the volume on this bull candle is less that the volume of our initial sell candle. If those sellers were still present, wouldn't they be selling at these higher prices and forcing the candle range to be narrow? This shows us that bulls are now in control and the selling from earlier was just a hoax. As we can see, the rest is history. If I FOMOed into the short as I had planned, this trade would have resulted in a loss. Being patient allowed me to realize that there was nothing to miss out on and actually allowed me to find a better trade. Key Notes Always journal your trades and review them Never FOMO into a trade. Be patient and wait for the trade to come to you! You dont need to take every trade to make money in the market. It is okay to miss a trade if it means protecting your account. Volume spread analysis is not 100%, but it can be useful in determining the strength of a trend. Educationby Decam92929391
SPY retest area creating resistance SPY retest area acting as resistance for now, would not be to surpised if we got a little pull back into next week (540 area) to start to consoldate this 50 point run up by Tradingexperts243
Heathcare hitting new 52 week highs Heathcare is one of the only sectors really breaking out but looking to be shifting to more of a topping pattern like most of its peers by Tradingexperts240
$SPY August 29, 2024AMEX:SPY August 29, 2024 15 Minutes. AMEX:SPY made a low 555-556 levels once 558 was broke. Today for the fall 562.05 to 555.04 559-560 is a good level to short as AMEX:SPY made LL without any divergence. 555-556 should give strong support. The next level to watch is 553. Shortby RiderTrader5514
SPY/QQQ Plan Your Trade For 8-29 - Breakaway in Carryover ModeToday's pattern should play out as a reversion to yesterday's selling pressure. I did not expect to see the markets sell downward as hard as they did yesterday, but my systems were able to catch the downward trend well. As a trader and a researcher, I try to base my expectations on what I believe to be the highest probable outcome. Yet, sometimes I'm wrong. I've mentioned this before, and I'll probably say it again and again... Traders must be capable of adapting to the charts. Play what is in front of you. My SPY Cycle Patterns offer assistance in what may happen based on Fibonacci/Gann price characteristics. Yet, news items (or positioning ahead of NVDA earnings) can drive market trends in unique directions. We must understand that big news events/earnings/data can alter price trends away from the SPY Cycle Pattern triggers, and we have to be able to play the chart in front of us. So we adapt to what the chart is telling us - always. Remember, Fibonacci Price Theory was very clear yesterday after the first breakdown in price - this trend is BEARISH. Watch this video. Gold is getting ready to make a move up to 2593+ and Silver wants to follow up to about $31. But Silver will lag Gold a bit - so position yourself correctly. Bitcoin will stay range-bound over the next 5-7+ trading days - trying to run out time on the Flag Apex. Then, it should make a bigger move to the upside. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long23:08by BradMatheny4
$QQQ Tomorrow's Trading range 8.29.24Honestly this just looks like the craziest trading range and I just want to have a copy of this for later so I can play it back. could be a weird day!!by SPYder_QQQueen_Trading5
QQQ showing more selling to comeQQQ throws signals that bears are still firmly in control and the downward trend should continue QQQ tests major resistance line, fails to breakthrough During recovery in late day trading volume steadily decreases showing disagreement in recovery After hours shows a significant sell off which has recovered some since. RSI falls in step with price showing no signs of reversal coming Next major support line is around 463 Today marked the first day of strong downward trading breaking through support and holding. We are looking at more selling to comeShortby ratchet-mint3
mexico's new futureif reform does happen alot of change is going to affect investments. I see a break of 46 as bad news bears all the way downShortby EmmsCamacho0