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Silver Poised for Upside?SLV is setting up a strong case for a position trade. A similar situation recently played out with Palantir, although with greater risk involved due to being an individual stock, but we don't need to exclude the intrinsic value of precious metals. Multiple timeframes are showing technical confluence and this is something to watch beyond 2024. Key Points: SLV has formed a larger, albeit lopsided, cup and handle pattern on the monthly chart with another mild version of the same pattern post 2020. The dip having been formed by the 2022 bear market. Price has simultaneously found support between the Ichimoku Kumo(formed by an offset of the average price between highs/lows) and a well-defined static support/resistance zone indicating stability. The "Golden Cross" remains well intact from its formation in Q2 of this year. This is bullish bias. The slow stochastic, also formed by highs/lows as opposed to a rate of change, has pulled back from overbought territory on both the weekly and daily timeframes. The weekly stochastic appears to be a well balanced oscillator for SLV. I personally find ROC oscillators and MA crosses better for exits. We do have a bearish engulfing candle on this timeframe suggesting near term weakness, so it's critical to watch for incoming support. Final Thoughts: Silver remains structurally strong and we have a bullish case on multiple timeframes. While short term bearishness indicates caution, the overall technical picture suggests solid upside potential. Support: $26 Resistance: $30.5 Target: $34+
AMEX:SLVLong
by NantzOS
1
Market Falls comparison of the last 25 yearsBetween 2000-2019 the market had 7 big falls. Since the Pandemic in 2020, the market has fallen 2 times and currently experiencing the 3rd big fall. Although the current and last two falls seem big, percentwise have not been as big as the ones from 2000 and 2008. Get ready for the current market to continue falling for the next 2-3 months and it will still only feel like a 20% correction, nowhere as big as the 3 biggest falls from the last 25 years.
AMEX:SPYShort
by abner.amador
QQQ: Tariff ReactionNASDAQ:QQQ As China strikes back with a 34% tariff on U.S. goods starting April 10, the global trade landscape could see some serious turbulence. This follows Trump's tariff moves, and the market's already feeling it: QQQ’s daily chart shows capitulation volume on the table, suggesting a potential bounce— IF tariffs ease. But until these trade tensions subside, it's likely to be a rocky ride. Tariffs push prices up, inflation lingers, and the Fed finds itself boxed in. The outcome? A market crash, recession, and stagflation—yet, there's still hope for a bounce, depending on how these factors play out. Manage the levels with us at ChartsCoach.
NASDAQ:QQQ
by KobesyTrades
Short-Term Gamble on a NASDAQ Bounce Using TQQQIn this quick update, I’m taking a speculative short-term trade on a possible NASDAQ recovery after a steep sell-off. Was the market oversold—at least for a day? Maybe. Do I think the pain is over for the longer term? Probably not. I’m using NASDAQ:TQQQ , a 3x leveraged ETF that tracks the NASDAQ-100 (the top 100 non-financial stocks in the NASDAQ). This means if the index moves up 2%, TQQQ should theoretically gain roughly 6%, and vice versa on the downside. Leveraged ETFs like this are high-risk, time-sensitive instruments—they’re designed for short-term trades, not buy-and-hold investing. The idea here is that after a sharp drop, institutions might step in to scoop up oversold tech stocks, creating a brief rebound. If that happens, TQQQ could give me amplified upside. But this is purely a gamble—I’m under no illusion that the market has bottomed. In fact, I expect more downside ahead. I entered in the after-hours session once some of the heavy bearish volume faded, and I’ve set a tight 5% stop-loss to manage risk. Yes, I could get shaken out by an early dip before any rebound, but the stop is there to protect me if the sell-off continues. This is a high-risk, short-term trade—buyer beware. If you’re considering TQQQ, understand the risks: decay from daily resetting leverage, extreme volatility, and the potential for rapid losses. I’ll update on how this plays out. Wish me luck in the comments below 😁 Real question is where to take profit...
NASDAQ:TQQQLong
by zAngus
4
Tariff FUD is reking ports. SPY 505 First Stop. 460 Second.Trading Fam, It's no surprise that Trump's implementation of high tariffs would cause initial FUD. This can be observed in the massive spikes on the $VIX. What is unknown and has caught many traders by surprise, myself included, is how substantial of a drop would be incurred by investor uncertainty. Initially, it did appear that 500 might hold. That was a huge support. I knew if it broke, the sell-off would be deep. But I held hope that the market would hold above this trendline. It did not. So, yesterday and today, investors who held are incurring substantial losses. For those who were smarter than me and sold at or near the top, congratulations! You've saved yourself some duress and cash. Now, some are calling this the beginning of a longer bear market. I still don't see it that way. Honestly (and I know this will be hard to believe), I still see the SPY hitting my target #3 at 670-700 before 2026 comes to an end. Longer-term we still remain in a massive secular bull market since 2009 and to break this long-term trend, the SPY would actually have to break below 300. That is a long way down and I just don't see that happening, though as always, I definitely could be wrong. Shorter-term I am seeing two prominent areas of support. The first has almost been reached at 505. If I would have played this correctly, I'd be DCA'ing in my first load of cash here. The second area of support is at around 460 and slightly rising daily. This would be where I DCA'ed in another load of cash. However, if that broke, I'd exit immediately and reassess the charts. 300 is a long way down, but over the past 5 years we have seen some extraordinary market price action and volatility. TBH, even the best of us technicians are struggling to understand the larger macro-economic picture, but I'd wager to say that tariff fears may be overexaggerated as market reactions often tend to be. One interesting note is that crypto price action no longer seems to correlate and prices have help up surprisingly well. Could this be our first indicator that the markets are due to turn up again in a few weeks/months? Unknown. But I can promise you I'll be watching this all closely. ✌️Stew
AMEX:SPYShort
by stewdamus
SPY April weekly forecasts - New stuff-This is an idea I've done in the past, but never posted on here. Sometimes it's pretty close to how things play out with variances on timing. Regardless, I want to see it as a journal entry for my dowsing work with all my notes with the chart. It may be interesting to other people as well, so I'm posting it. Dates are often reversals. I do think next Tuesday could be a bounce. I'd like to get monthly highs/lows on SPY/QQQ, but that doesn't seem to be in the cards atm. :(
AMEX:SPY
by JenRz
SVIX....not pretty, but she's got potentialThe VIX has been a wild one today and a little unpredictable to say the least. Fortunately, what goes up must come down. I'm talking about the VIX! SVIX is the inverse ETF of VIX. When the VIX falls, SVIX spikes. We can see that happening multiple times over the last few weeks. This is a very nice opportunity to get in. The probability of the VIX staying at these levels is extremely low as it would have already be priced in so volatility will drop. This is an early Xmas gift in an awful environment. I'm wrong about 20% of the time, but this looks like a nice set-up and hopefully people can benefit from this easy trade. Best of luck!
CBOE:SVIXLong
by antonini2002
Nice value gap....MSTUI want everyone to benefit on this! BTC has shown resilience in a horrible market and it's picking up. We can see the double bottom and nice formation on the upside. My humble opinion is that people are moving their crappy stocks and moving it to BTC in the hope that it goes back to 88k like it did a few days ago, which would mean a 20-30% upside for MSTU easily. I always watch my trades and have stop loss, but early next week looks very interesting esp if globally people start buying over the weekend (post dip). Always do your own due diligence and safe trading! Reward favors the brave and those who take calculated risks. Trade your rice and beans for a nice steak :)
CBOE:MSTULong
by antonini2002
Downside tgt hit on USO. Bounce to $70?I've seen so many targets hit and reverse - especially GLD & GDXJ- I figured I may as well see if USO has a similar reversal since the downside target from my last USO idea is tagged & holding. At the moment I get that it can get back up to the $70-71 area & it's a bull trap. I also get the date of the 16th, so there's often reversals or interesting price action around dates. Oh, I do dowsing, btw, and that's where all my levels and information comes from. We'll see.
AMEX:USOLong
by JenRz
#RSP and a simple parallel channel give a hope for the next weekHi there! What a ride! I believe it’s a good thing that the market is closed for the weekend—I need to recharge my battery. Today's thoughts: If we draw a parallel channel on #RSP, which is equally structured by weight, we can observe that the price has touched the lower line. This means that, theoretically, the price could hold here and reverse in the next week (or weeks), as it did in October 2023. Alternatively, it may not hold and could move down further, similar to what happened in 2020. My point here is that the hysterical sell-off is near its end. The question remains: how much more pain will the Bulls endure before the reversal begins? Happy weekend!
AMEX:RSPLong
by ChartsPlusFun