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#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
$SOXL $SOXX BOTTOMED (ASCENDING TRIANGLE)An ascending triangle is a bullish breakout pattern that occurs when the price breaks through the upper horizontal trendline with increasing volume. The upper trendline is horizontal, showing nearly identical highs that create a resistance level. Meanwhile, the lower trendline slopes upward, indicating higher lows as buyers gradually increase their bids. Eventually, buyers become impatient and push the price above the resistance level, triggering further buying and resuming the uptrend. The upper trendline, which previously acted as resistance, then becomes a support level. Semiconductors NASDAQ:SOXX are crucial to the United States for several reasons: Technological Backbone: Semiconductors power essential technologies like smartphones, computers, cars, and medical devices. They are integral to almost everything with an on/off switch. The semiconductor industry aka NASDAQ:SOXX significantly contributes to the U.S. economy. It supports millions of jobs and drives innovation in various sectors, including artificial intelligence, biotechnology, and clean energy. Semiconductors are vital for national security. They are used in military systems, aircraft, weapons, and the electric grid, making them critical for defense and infrastructure. Maintaining a strong semiconductor industry helps the U.S. stay competitive globally so BUY AMEX:SOXL , $SOXX. The CHIPS and Science Act, for example, aims to revitalize the U.S. semiconductor industry, create jobs, and support American innovation. Strengthening the domestic semiconductor supply chain reduces dependency on foreign sources, enhancing the resilience and security of supply chains. BUY NOW AND HOLD
AMEX:SOXLLong
by sej4974
2
SPY: Breakdown with Strong Momentum – Key Targets Ahead 📉 Overview: The S&P 500 ETF (SPY) has broken through a key support level with strong downward momentum. This bearish move suggests further downside potential, with key targets identified below. 🔍 Technical Analysis: Price has decisively broken below a key support zone with strong momentum, indicating a potential continuation to the downside. 1st Target: Around $537.75, which aligns with the yearly mid-level support. 2nd Target: Around $510.27, which coincides with the 6-month low level. Momentum indicators (Neon Momentum Waves) are trending downward, supporting bearish sentiment. Long-Term Support: The yearly low at $466.43 remains a major downside level to watch if bearish pressure intensifies. 🚨 Trading Plan: 📌 Bearish Bias – Look for potential short entries on pullbacks towards the broken support level, now acting as resistance. 📌 Stop Loss: Consider placing stops above the breakdown level (~$560) to mitigate risk. 📌 Profit Targets: First target: $537.75 Second target: $510.27 📊 Risk Management: Keep an eye on volume and momentum indicators to confirm the bearish move. If price reclaims the broken support level, reconsider the short thesis. 📢 Conclusion: SPY is showing strong bearish momentum after breaking key support. If the trend continues, the price may reach the identified targets. Traders should monitor price action and momentum signals for confirmation. ⚠ Disclaimer: I'm not a financial expert—just sharing my thoughts based on my analysis. Always do your own research and manage risk accordingly. Do you agree with this outlook? Let’s discuss in the comments! 🚀📉 #SPY #Trading #StockMarket #Bearish #TechnicalAnalysis #SwingTrade #Momentum #NotFinancialAdvice
AMEX:SPYShort
by Brian_Heady
2
USO swing high- short tgt 65-66I asked my dowsing for the next trade to help reach my goal for the year, and it's oil/ USO. I do believe this will include oil stocks, so I may ask for dowsing to choose one from a list. If I do & get the reading done on it, I'll post it as another idea. My latest work is pretty decent, but a work in progress. I'm really trying to determine time frames for when targets will hit so we can get the right options & mental expectation (i.e. patience) for things to develop. The target is 65. In my mind I got 63, but I'm only sharing that because I'm also testing my own intuition more lately. The date we hit by is around April 28th. I also have been guided to get dates from the past as an indication of what to expect, & the date given was 1/21, which was a gap down. I suspect there will be a gap down tomorrow, or at least the move down starts more aggressively. This has worked in prior ideas on TSLA & I think SPY... but can't remember. I really am enjoying this method so far as my levels are often hit & I can just relax & allow things to happen with more faith they will. Of course, there's always the chance it's completely wrong & it is a smaller move, but we'll see.
AMEX:USOShort
by JenRz
Using Fibonacci/Measured Moves To Understand Price TargetThis video is really an answer to a question from a subscriber. Can the SPY/QQQ move downward to touch COVID levels (pre-COVID High or COVID Low). The answer is YES, it could move down far enough to touch the pre-COVID highs or COVID lows, but that would represent a very big BREAKDOWN of Fibonacci/ElliotWave price structure. In other words, a breakdown of that magnitude would mean the markets have moved into a decidedly BEARISH trend and have broken the opportunity to potentially move substantially higher in 2025-2026 and beyond (at least for a while). Price structure if very important to understand. Measured moves happen all the time. They are part of Fibonacci Price Theory, Elliot Wave, and many of my proprietary price patterns. Think of Measured Moves like waves on a beach. There are bigger waves, middle waves, smaller waves, and minute waves. They are all waves. But their size, magnitude, strength vary. That is kind of what we are trying to measure using Fibonacci and Measured Move structures. Watch this video. Tell me if you can see how these Measured Moves work and how to apply Fibonacci structure to them. This is really the BASICS of price structure. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
NASDAQ:QQQEducation
by BradMatheny
1
Opening (IRA): SPXL March 21st 154 Covered Call... for a 151.04 debit. Comments: Selling the -84 call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. (In all honesty, this is just an attempt to keep my theta/net liquidity ratio above .05, which is kind of the minimum of where I like to have it). Metrics: Buying Power Effect/Break Even: 151.04/share Max Profit: 3.96 ROC at Max: 1.96% 50% Max: 1.98 ROC at 50% Max: .98
AMEX:SPXLLong
by NaughtyPines
Opening (IRA): SOXL March 21st 29 Covered Call... for a 26.85 debit. Comments: High IV; starter position. Selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 26.85 Max Profit: 2.15 ROC at Max: 8.01% 50% Max: 1.08 ROC at 50% Max: 4.00% Will generally look to take profit at 50% max, add at intervals if I can get in at better strikes/better break evens than what I currently have on, and/or roll out the short call if take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
MSTU to fly soon....you need to see the signsLet's take a step back. Higher lows!!! and BTC is hitting a double bottoms during a terrible week in stock. That should be telling that while we are making a turn (with volatility), there is a very fav upside case here. I'm not emotional about any of this, just follow the signs and the data! Next week will be epic IMHO. Lock it in at a good price before it spikes and you miss out on the train. All the best and safe trading. Always remember to have an exit strategy and follow the signs / data. It's all risk / reward. No risk -> no reward!
CBOE:MSTULong
by antonini2002
4
Opening (IRA): SOXL May 16th 17 Covered Call... for a 15.68 debit. Comments: Laddering out a smidge here, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 15.68 Max Profit: 1.32 ROC at Max: 8.42% 50% Max: .66 ROC at 50% Max: 4.21% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens than what I currently have on, and/or roll out short call if my take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
7
Opening (IRA): IWM May 16th 190/195/220/225 Iron Condor... for a 1.70 credit. Comments: I think I have more than enough long delta on at the moment, so opting to go nondirectional/delta neutral here. Selling the 25's and buying the wings out from there, collecting one-third the width of the wings in credit. Metrics: Buying Power Effect: 3.30 Max Profit: 1.70 ROC at Max: 51.5% 50% Max: .85 ROC at 50% Max: 25.8% Will generally look to take profit at 50% max, roll in oppositional side on side test.
AMEX:IWM
by NaughtyPines
Update: EWZ December 2026 32 Covered CallHere, starting to break my EWZ position (See Post Below) into its constituent pieces. The first piece involves shares I acquired way back at 31.65/share. (Ugh). Rather than go back and calculate trade to date break even, I'm going out far in duration to sell the short call at or above my break even. Sometimes, you have to go way longer dated than you'd like, but I'm fine with devoting some buying power to this, particularly since EWZ pays a fairly decently dividend, albeit only twice a year. The remaining legs are the January 17th 26 short put -- on which I'm pretty sure I'll be assigned shares, and the January 17th 23 short put, which is in-the-money by .50 or so. On assignment, I'll look to sell the call at the strike at which I was assigned and go from there ... .
AMEX:EWZLong
by NaughtyPines
Opening (IRA): EWZ Oct 17th 26/45 Short Call Vertical... for a 1.13 credit. Comments: I'm fairly certain that I'm going to be assigned on my January 17th 26 short put, so am going out to October to sell a spread with the short leg at the 26 strike that pays at least 1.00. The reason I do this (sell a call for at least 1.00), is that this enables me to roll the short call down a strike by 1.00 without giving up profit potential if I need to. The 26 short call aspect of this spread will become the short call aspect of an October 17th 26 covered call, with the covered call setup having a break even of the strike at which I was assigned (26) minus the 1.13 in credit I got paid for this spread or 24.87. Because I haven't been assigned shares yet and short calls are generally verboten in a cash secured account like an IRA, I've had to pay a few bones (.05 to be exact), to define the risk of the short call. I also had to pay a debit that is equal to the width of the spread (19.00) minus the credit received of 1.13 or 17.87 for the spread. I'm fine with this, since this buying power will eventually free up when I get assigned. Naturally, the October expiry is extremely long-dated. I'm fine with this here, since EWZ pays a fairly decent dividend, albeit only in June and December.
AMEX:EWZShort
by NaughtyPines