Gold ETF (GLD): Volume-Powered Breakout
GLD has gained 60% since breaking out at 191.65 in March 2024. It now aims for 318.85, with a longer-term target of 350.65 if the macro backdrop continues to deteriorate.
Demand Drivers: Safe haven flows, central bank accumulation, and the loss of confidence in USD-backed bonds. Volume confirms conviction buying.
Strategic Implication: GLD is confirming the broader shift out of fiat and into hard assets. Investors expect instability to persist.
ETF market
Commodities are trying to form a nice breakoutCommodities look to be forming a start of a nice breakout against the S&P. Commodities are undervalued versus history and are a good diversifier for stagflationary environments. it is interesting that commodities haven't seen a stagflationary bid yet. we might see one in the near future.
SPY Trading Opportunity! BUY!
My dear subscribers,
My technical analysis for SPY is below:
The price is coiling around a solid key level - 526.40
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 554.18
My Stop Loss - 512.11
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Ratio-to-Butterfly: Flag-Based Premium Harvesting“Most people hunt the kill.
But the ones who build the terrain?
They eat forever.”
Purpose: Capitalize on clean trend support and structure with a low-cost entry that allows you to harvest premium before the breakout, and optionally tighten the structure to a butterfly when the breakout becomes likely.
Base Strategy: Short Put Ratio Spread
Example: +1 31P / -2 30P (AAAU)
Entry credit: ~$1.44
Structure: 27 DTE, high POP (>99%)
Reason: Price near support, low probability of hitting short strike
Theta-driven profit engine with low directional pressure
Conversion Strategy: Butterfly Overlay
Trigger: Price begins to drift toward the short strike, or flag tightens near inflection
Move: Buy 1 lower put (e.g., 29P) to convert ratio into butterfly
Structure: +1 31P / -2 30P / +1 29P
Result: Caps downside risk and tightens profit zone
Exit: Max profit if price pins near short strike at expiry
Psychology of the Setup:
"Start with the house's money, then shape the bet." You’re not chasing the move — you’re pre-positioned. Use the casino’s chips (credit from wide ratio) to build structure that pays on drift, stall, or controlled breakout.
Ideal Conditions:
Price near clean structural support
Flag forming above key moving average (e.g., 200D)
IV elevated but not extreme
No bid or low open interest on short leg = market not pricing breakdown
Exit Scenarios:
Full hold: Price stays above both strikes → keep full credit
Mid-cycle flatten: Price begins drifting → convert to butterfly
Spike or fail: Close early for partial gain, roll if needed
Repeatability Score: ✅✅✅✅☆ This setup is ideal for weekly/monthly cycles, ETF swings, and earnings coil plays where clean structure exists.
SPY forming an ugly diamond bottom: Big move soonDecided to just ignore all the noise and go back to the basics for this one.
We got a classic ugly diamond bottom, a ton of volatility after a large price move followed by reduced volatility, some symmetry but there are bits that pop out of the pattern on both sides.
Diamonds don't have to look perfect for them to be legit, this one is certainly no beauty and I was hesitating to call it one, but I think it is close enough.
Measured moved for each side is 570 (up to the liberation day announcement) if there is a positive breakout, and 470 down to the next level of support if there is a negative breakout.
Volume is declining from when we entered the diamond shape, which typically points to a bullish breakout. If we get positive tariff news this could definitely happen.
Ultimately watch for a break of 520 for a bearish move and a break of 536 for a bullish move.
Double bottom on SPY would be nice.I'm thinking that if SPY does a double bottom around 4800, it could be a good time to buy. I don't think SPY will drop below 4800 because Trump seems to be working on positive news with Ukraine/Russia, the Iran deal, Japan, and so on. If we hit 4800 again, it would probably mean the Fed isn't cutting rates, Powell gets fired, or some big tech companies miss their earnings. But Trump will probably try his hardest to lift the markets from here, and 5000 could be a higher low.
Incoming Death Cross? Is a Death Cross Looming for SPLG? Here's What the Chart (and the Economy) Are Telling Us
The technical clouds are gathering over SPLG.
A new **Death Cross** — when the 50-day moving average crosses below the 200-day moving average — appears imminent on the daily chart of SPLG, a popular low-cost S&P 500 ETF. This ominous signal historically marks bearish sentiment and trend reversals, especially when coupled with macro headwinds.
Let’s unpack what’s on the horizon, and why this technical setup deserves attention.
What the Chart Says
- The **last Death Cross** on SPLG occurred in early 2022, followed by months of weakness.
- A **Golden Cross** in mid-2023 launched a strong rally, fueled by soft-landing optimism and strong tech earnings.
- Now, the **moving averages are converging again**, with price slicing through both SMAs.
Volume has picked up, and momentum oscillators are struggling to regain bullish footing. The Stochastic is indecisive, and CM_Williams_Vix_Fix shows recent spikes — a sign that fear is creeping back into the market.
🏦 Recent Economic Data: Warning Signs?
The macro backdrop is not helping. Here’s why:
- **CPI and PPI came in hotter than expected** for March, pushing back the market’s timeline for rate cuts.
- **Retail sales surprised to the upside**, suggesting the consumer is still resilient — but that could also mean more inflationary pressure.
- The **labor market remains tight**, with unemployment below 4%, limiting the Fed’s flexibility.
Bottom line: the Fed is stuck. Markets that had priced in multiple rate cuts are now bracing for **"higher for longer"** — a toxic cocktail for growth-sensitive equities like those in SPLG.
Global Trade Tensions Resurface
As if inflation and rates weren’t enough, the White House just slapped **new tariffs on Chinese electric vehicles, solar panels, and batteries**, reigniting trade war fears.
This could:
- Increase input costs for U.S. manufacturers
- Add further upward pressure to inflation
- Trigger retaliation from China
Historically, rising tariffs have had a chilling effect on global equity markets, particularly large-cap exporters that dominate the S&P 500.
So, What’s the Play?
With technical signals flashing red and macro conditions deteriorating, it might be time to:
1. **Reduce exposure** to large-cap ETFs like SPLG until the Death Cross plays out
2. **Rotate into defensive sectors** (think utilities, consumer staples, and healthcare)
3. **Consider short-term hedges** if you're fully allocated
4. **Watch key levels** – a break below MXN$1,200 in SPLG could open the door to a deeper correction
Final Word
This isn’t a panic call — it’s a call for preparation.
Death Crosses don’t always lead to crashes, but when they align with fundamental deterioration and rising geopolitical risks, they can signal a trend change worth respecting.
Let the chart be your map, but keep one eye on the macro compass.
Stay sharp, trade smart.
Short Volatility during rare spikes using leveraged ETF $UVXYOverview
Volatility represents how greatly an asset’s prices swing around the mean price. Historically there are rarely brief volatility flare-ups that present trading opportunities. Trying to anticipate volatile events can be costly, because other market participants generally expect the same well known events, and one never knows how big a volatility spike might arise from a given event. Instead if one merely awaits extreme volatility events, which historically are ephemeral, there's a higher probability trade in shorting it. I've thought about this previously, and took the opportunity with Liberation Day to successfully short volatility.
Volatility Instrument Selection
Choosing an appropriate instrument can aid in the likelihood of a successful short position. Among the options CBOE:UVXY looks attractive for the trade, because it's a leveraged ETF, is highly liquid, and provides options with granular strike prices and expiration dates. Leveraged ETFs are known to decline over time due to
Daily rebalancing and compounding effects
Volatility drag
Cost of leverage
Management fees and expenses
Path dependency
These characteristics of leveraged ETFs provide a structural tailwind to a short position, because the instrument naturally declines over time. This phenomenon easy enough to see on a CBOE:UVXY weekly chart
Moreover selection of a liquid product is prudent. At the time of writing CBOE:UVXY has an average daily volume north of $22 million dollars for the past 30 days.
Trade execution
Execution of the trade starts with recognition of a highly volatile event, this is both technical and discretionary. From there a trader is advised to use their preferred tactics to select entry, stop-loss and exit points. Personally I like to use chart patterns across different timeframes in tandem with Relative Strength Index, and to a lesser extent volume to identify trading setups. I use longer term charts to identify a trend, and shorter timeframe charts to determine entry and exit points. The timeframe(s) depend on the particular instrument and what the charts look like at the time of the trade.
During the Liberation Day Volatility Short trade, I've been using 1W, 1D, 4H and 1H charts.
The 1H chart has been suitable for entering an exiting trades. Head & Shoulders patterns have manifested both on price and momentum alongside declining volume. I've posted a couple CBOE:UVXY minds along the way.
Additional Thoughts
Volatility can also be used generally to anticipate moves in other asset classes, such as stocks, bonds, crypto and commodities. Using the levels from that last chart fed into successful NASDAQ:TQQQ & NASDAQ:SQQQ trades in the aftermath of Liberation Day.
GLD gold to top at 327GLD has been absolutely ripping during market uncertainty, and if you account for the 50% retrace on SYX it is not outperforming. I drew a fib extension and looked at a wave analysis for a potential top, they are in alignment. BBWP is nearing firing red and the advanced stochastic cannot stay up here forever. Given that this is a monthly chart we should see a bit more upside, could take a few weeks.
Summary:
Golden fib extension matches 5 wave projection amid elevated volatility and buyer strength, should see a pull back between 320-330
Perfect trade setup: $GLD to 325; DXY to 95Gold has been in a raging bull market since 2023 with the index making new higher highs and higher lows as shown in the weekly candle stick chart. In contrast the Dollar index TVC:DXY is making new lows every single day shown in dark blue line chart. In this blog space we have been continuously talking about the weakness in the Dollar and the major support and resistance levels in TVC:DXY for more than 3 months. As the TVC:DXY is below the psychological level of 100 and most probably heading lower where 95 is the key support level, I think the time for commodities like Gold has arrived. SPY Gold Spot ETF AMEX:GLD has made an ATH of 302 which is above the key psychological level of 300.
In my opinion AMEX:GLD is not done going up. If we plot the Fib retracement levels for the previous bear market ending in 2022, we see that AMEX:GLD can effectively reach 325 level which is the 4.236 fib level. This will indicate another 7% upside, a similar amount of potential downside in the $DXY.
Verdict: Long AMEX:GLD , Short TVC:DXY until trend reversal.
$SpyI think we head to 510 next week and most likely lower...
Here's vix
2hour chart (Log)
Pennant here showing. My price target next week is 45. Fire works over 35
AMEX:SPY daily RSI
Rolling over here at resistance
Spy daily chart
Pennant resistance trendline at 21ema is at the same spot 540 ish.. if price can close over that before a break below 520 then this correction has taking a break and we will likely head to 547 and over that 565
Ixic (Nasdaq)
Same analysis as Spy
I'll update this more over the weekend but I just wanted to get this out there before the close.... Any longs are risky below the 21/20 moving averages
Are US Tariffs Similar To The COVID-19 Global DisruptionThis video is in response to a question asked by one of my followers on TradingView.
He specifically asked if the current US Tariffs create a similar situation to the COVID-19 supply disruptions and how it may result in longer-term market disruptions.
In this video, I try to answer these questions and highlight the differences I see related to what is happening now vs. the COVID-19 shutdown.
It is an interesting question.
I certainly see similarities, but I also see vast differences in terms of how the global markets are attempting to address the US tariff issues.
First, the current tariff issues are somewhat self-inflicted, not something like COVID-19 (unavoidable).
Second, the global central banks acted in concert to present immense liquidity to support a global shutdown with COVID. I don't see that happening right now.
Supply-side disruptions are evident, but we'll see how they play out over the next 60- 90+ days.
Longer-term, I hope these tariff issues are resolved before the global economy moves into a deeper recession. I will state that hard assets are likely to take a hit over the next 60-90+ days across the globe.
Any moderate (think 15 to 35%) slowdown in production, shipping, and consumption across the globe is going to be felt all over the planet. It is not going to be isolated to just one or two areas.
This is the smackdown that I don't believe anyone is really ready for. And that creates the urgency to resolve the tariff issues asap.
Hope this helps.
Get Some.
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3X Levered NAIL: Long Possible SoonMy opinion, one of the best levels to buy soon to be reached with NAIL, 3x levered home builders. Simple strategy, price gets to $21.14 let it fall below the line and then buy it when it breaks above the line. Set first take profit at +320%, remove a third of your position, then do the same at +500%, and 700% for the remaining 2/3's. Set stop to a fixed amount $20. As you can see these trades take a year, sometimes less or longer to develop, but are quite profitable.
SPY - support & resistant areas for today April 17 2025These are Support and Resistance lines for today April 17 2025 and will not be valid for 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.
Bulls held the line!boost and follow for more 🔥
In my last SPY analysis I pointed out the potential short trap below major support, I added back all shares and some shortly after I noticed this when spy was around 490.
I think as long as 523 holds then a push higher to 550-570 can happen in the next few weeks.🎯
first and last chart from me today, I hope you all have a great weekend 🤝