8.23.24 - Mid-Day Session $SPY - Post- Jerome Powell The order blocks are so crucial regardless of the news. Powell spoke today and ran market up for an hour or so then the order block was fill on the 1 hour time frame then puts started to print.Short08:10by johnjsmith4
$DIA is at resistance here - Bear call spreads to close week?The DOW is right at resistance here - I'm looking at bear call spreads to close the week here... Shortby SPYder_QQQueen_Trading0
SPY/QQQ Plan Your Trade 8-23 Update: Gold Rips - SPY StallsHere is a quick update related to the post-Powell expectations. I still believe the SPY will consolidate through most of today and move into a broader rally phase next week and into early September. Gold is RIPPING higher after Powell's comments. I expect Gold to try to break above $2600 next week. Bitcoin is still struggling to break above the $63k level. It may make a move next week. Time will tell. Follow my research. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong06:04by BradMatheny3
IWM - Breakout AMEX:IWM is in the bull zone of the Bollinger Bands, and Stupid Willy just plunked down his life savings.Longby SPY_Trader116
Pre-Market - Powell Speaks Today at Jackson HoleNo bias really on the market but currently holding NYSE:JPM CallsLong12:45by johnjsmith1
XLF ETF ATH breakout . US ETF44.30 above breakout possible 43.50 below trade invalid expecting strong breakout if sustain 45/46/47 expected to test soonLongby Equity_Research_Analyst-021
XLC ETF rejection . US ETFDouble top rejection rising channel breakdown if highs breakout then trade will be in valid 86/85/84/83 can test soonShortby Equity_Research_Analyst-02111
TAN breakdown possible . Us Stockrejected from upper trendline 40 below weak 38.50 / 37.50 can test soon if upper TL break then trade invalidShortby Equity_Research_Analyst-021
SPY/QQQ Plan Your Trade For 8-23 : Harami Inside PatternToday's SPY Cycle Pattern is a Harami-Inside pattern. This suggests the SPY will stay rather muted today - trading sideways and likely staying between 557-560. I believe the SPY will trend upward a bit and try to close near 560. I don't believe we'll see any big trends today - mostly just sideways consolidation. Gold will likely attempt to move above $2450 - attempting to regain support above $2535. Bitcoin will stay somewhat flat - probably below $61.5k as the big move won't happen till next week. Today may be more of a "go golfing" day. Literally, the SPY/QQQ/Gold/Bitcoin will probably stay in a very narrow range today - moving into a bigger trend next week. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong08:38by BradMatheny3
When FED pivots.. Almost every time in history when interest is pivoting down, markets go down aswell. Something whihc is contrairy with what you have learned in school. But these graphs don't lie. What do you think? Thanks to Alessio for this idea. Shortby JulianK893
$SPY Tomorrow's Trading Range for SPY 8.23.24AMEX:SPY Tomorrow's Trading Range for SPY 8.23.24 Tomorrow's Trading range for Friday the 23rd and Jerome Powell is speaking at Jackson Hole. . . The full walkthrough is on tonight's video. I love how the market tests powell every time now... LOL... GL, y'all. by SPYder_QQQueen_Trading223
Mag 7 Drags Down Large Cap - Potential Index Wedge FormationsThanks for checking out the video today. It was a reasonably nice selloff today, led mostly by the Mag 7 stocks. All US Indexes were in red, Nasdaq taking the worst of it around -1.60% lower. Powell on tap for Friday with Day 2 at Jackson Hole. The market is oh so curious if the FED will cut 25 or 50 bps in September and we have plenty of news to digest prior to the official September 18 FOMC Meeting and Press Conference. If Friday Aug 23's trading day pushes lower and helps balance out the aggressive bull moves from August 5's bottom, we could see a nice wedge pattern in the works - lower highs / higher lows. Watch the S&P Daily 200 SMA or 200 EMA for some dynamic support. It will be interesting to see if the bulls and bears both get what they want with prices on the move through September with volatility returning to elevated levels > 20 perhaps. Thanks for watching!!!27:04by ChrisPulver2
Lesson from my WINS August 22 2024I go over my trades from today I made $50. I started off with a bad trade but started using the 10 and 15min charts to confirm with the 5min more and it paid off and I had some good trades. I still need to be more aware about when to hold or let my runners run. Over all I am happy with today I felt a lot more patient and disciplined while waiting for my levels and confirmations with volume. 07:22by carsonusa52
QQQ - Close TradeGoing to close the trade out after hours at $476.00 to lock in profits on the trade. Nothing wrong with taking profits and with the uncertainty I woods rather take the profits and run. Little over $900 realized! Not bad for a week. Real trades with real account, stop following broke ass furus!!by goldbug11120
$SPY BULL/BEARAs you can see, the yen carry trade resulted in a huge drop breaking the AMEX:SPY out of the channel it was trading in. AMEX:SPY then recovered exponentially fast and brought price back into the prior channel. IF bulls can pump this tomorrow we could potentially be seeing our way to new highs. If bears pull this back out of this channel we could be entering a down trend with a double top being established on the daily time frame. If bulls win, I will be targeting $575 and if bears win I will be targeting $540 as my first PT. Best of luck, Not trading advice but will upublish my trade once it is open. by TheTAguy1121
QQQ Bearish EngulfingEngulfing candle signals more downside room potentially to daily gap fill down to 468, 467 and 465 area. Break below and it'll see 456.50Shortby Eclipse_Trading226
QQQ bounce right back to resistanceExtremely bullish 2 weeks after that crazy low last Monday morning. You can see that QQQ tagged resistance yesterday and sold off today. Market is feeling bullish, but my gut tells me that this is a dead cat bounce. Hard to know for sure. The rally has been almost abnormally strong, and if you look back to early 2022 you saw the same thing. Big sell off with ridiculously strong rallies, but ultimately the market kept going down. Now, I obviously don't know that for sure. The advice I got the other day was "stocks only go up" as he bought a bunch of TQQQ and made a nice profit the last 2 weeks. So, maybe it pays to always be bullish. Anyhow, I'll just keep doodling on my charts and sharing with the hope that it helps someone.by Dr_Roboto2
SPY Local Short! Sell! Hello,Traders! SPY has hit a horizontal Resistance level of 563$ And we are already seeing a Bearish reaction so we will Be expecting a further Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals338
Expired SPY Weekly outlook. 3rd WK AUG 2024Expired SPY Weekly outlook. 3rd WK AUG 2024 > BULLISH 📈 CORRECT Prior Week Closed Price: 554.31 This Week Target Price: 559.79 Strike Price: 562.72 on AUG 22, 2024 Upper Range: 569.59 Lower Range: 549.99Longby putIQ1
Top Chart Technical Indicator generated by AI with ChatGPTThis is a test of a technical indicator based on text instructions to ChatGPT. We analyze TSLY ETF.by syracusepro0
QQQ - Trade Update Options StrategyI was assigned the contract Wednesday so currently short 200 shares of QQQ. Little surprised since the aftermarket took us under the 380 level but it is what it is. Strategy today will be to sell some ATM PUTS against the position like the 483, 484 strike. Will depend on the open, and I will update at that time.by goldbug17
$SPY Massive M shape double top AMEX:SPY is approaching a massive M-shaped double top. lf happens could be a long-term short.Shortby Avinet671117
Are we seeing a repeat of past situations, or has the market truIf we look at ETFs like QQQ, we can notice price breaks between sessions, let's see where these interruptions occur. First interruption this is a gap of $1.50, which represents an increase of approximately 2.6%, from $59 to $60. Second interruption occurs between $63 and $66, which implies an increase of 3.5%. On the chart, we can also observe a bullish channel that, due to the strength of the buyers, has not been respected, so far we could consider the price to be in a phase where it could take a break or pull back, which would be healthy for $QQQ. We have seen similar behavior in stocks with low market caps, which experience a phenomenon known as "pump and dump", where they rise non stop and then fall, therefore, a break in the price is considered healthy. Continuing with the analysis, in the past, the QQQ has shown patterns that are usually respected, although these can take days, weeks or even months to complete, for example, from July 16 to 17, there was a strong bearish opening that left a gap of $2.50 this pattern was repeated from July 23 to 24, and currently, the price has already completed half of that gap. Based on previous patterns, we can assume that a bullish move in QQQ of approximately 2% is expected, around $1.50 upwards, considering this, it might be prudent to wait for that move to complete to enter a bearish position and take advantage of the pullback, especially since the price is at resistance at $72. normally, when price first hits resistance, it tends to pull back as buyers decide to take profits. The Goldman Sachs Bull/Bear indicator is a cool way to check the market sentiment Currently, it is at 70% levels, indicating bullish sentiment and widespread optimism among investors However, this level can also be a cause for concern, as such a high indicator could signal a possible correction in the market. Although it is not an exact science and it is difficult to predict when a correction will occur, we can analyze historical examples to better understand its behavior November 2007 during this period, there was a real estate boom and a strong economy, a context reflected in the film "The Big Short" at that time, the goldman sachs indicator was close to 70%, and shortly after, the market began to correct, kicking off the 2008 global financial crisis. January 2020 the market was experiencing a continued rally due to optimism around monetary policy and widespread positive sentiment, however in February 2020, a sharp decline began due to the onset of the COVID-19 pandemic. December 1999 the rise of technology companies during the dot-com bubble led to extremely optimistic sentiment in march 2000, the bubble popped, resulting in a prolonged decline in this case, the Goldman Sachs indicator was also close to 70%. In my point of view, the market can rise a little more but it should have a final bullish impulse and be able to begin to retreat, historically september has been one of the weakest months of the year. by Mariofxtr0