$DIA Boom From the Bottom to the Top of the Implied Move
The entire Trading Range is sitting on top of the 200 Week Moving Average.
Alright - Yesterday - We stayed completely with in the implied move - you can see that both sides got tested which gave us some wild swings. Spreads on both ends paid. 10% intraday moves
We hit the bottom of the implied move, the top of the implied move and we saw resistance at the 35EMA.
ETF market
$IWM Boom From the Bottom to the Top of the Implied MoveWe used the entire trading range
Alright - Yesterday - We stayed completely with in the implied move - you can see that both sides got tested which gave us some wild swings. Spreads on both ends paid. 10% intraday moves
We hit the bottom of the implied move, the top of the implied move and we saw resistance at the 35EMA.
$QQQ Review of Black Monday
Alright - Yesterday - We stayed completely with in the implied move - you can see that both sides got tested which gave us some wild swings. Spreads on both ends paid. 10% intraday moves
We hit the bottom of the implied move, the top of the implied move and we saw resistance at the 35EMA.
SPY/QQQ Plan Your Trade For 4/8 : Bottom/Rally Start - CounterFirst off, today's pattern is in a COUNTER TREND mode. Think of that as the pattern being INVERTED to the current price trend.
Next, the Bottom/Rally Start pattern is usually a base/bottom type of pattern that prompts a fairly strong bullish/rally phase in price.
This time, because it is inverted (in Counter-trend mode) and is forming within the broad consolidation phase of the current EPP pattern, I believe this Bottom/Rally Start pattern will really be a Top/Selloff start type of pattern.
Where price will find resistance in early trading, form a rollover top, and start to move back downward towards the 500-505 level on the SPY.
I don't believe this downward price move will attempt to break below 480-485 today. I believe today's move will be a moderate pullback in the trend.
Although any BIG news could disrupt the current support near $480, so be aware that any big news event could crush the markets (again) and send the SPY trying to retest the $480 support level.
Gold and Silver appear to be basing - perfect. I'm watching for Metals to really start to reflect the FEAR in the markets and rally above $3200 (Gold)/$39 (Silver).
BTCUSD appears trapped in the breakdown stage of the current EPP Consolidation phase and the new CRADLE pattern. No matter how I try to identify if I'm wrong with BTCUSD, I keep seeing the breakdown as the more dominant trend.
Get some.
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Quantum's IWM Trading Guide 4/8/25IWM (iShares Russell 2000 ETF) - Sector: Broad Small-Cap ETF (Russell 2000)
Sentiment:
--Bearish (softening). Pre-market put volume eased, RSI 44 up from 42, X posts overnight hint at an oversold bounce despite tariff fears, suggesting a less dire tone.
Tariff Impact:
--Moderate. Industrials/financials exposure persists.
News/Catalysts:
--Consumer Credit (April 8) could spark a relief rally if strong; X posts on tariff delays offer faint hope, though bearish bias lingers.
Technical Setup
-Weekly Chart:
---HVN above as resistance, weekly low as support.
---Downtrend (8-week EMA < 13-week < 48-week).
---RSI 44 (less weak), MACD below signal (histogram narrowing)
---Bollinger Bands near lower band,
---Donchian Channels below midline,
---Williams %R -70 (easing from -74).
-One-Hour Chart:
---Support at yesterday’s low, resistance at midday high, weekly confluence.
---RSI 42 (up from 40),
---MACD below signal (histogram less negative),
---Bollinger Bands near lower band,
---Donchian Channels below midline,
---Williams %R -72 (up from -76).
-10-Minute Chart:
---Pre-market bounce attempt, 8/13/48 EMAs flat (less steep),
---RSI 42 (up from 38),
---MACD flat near zero.
Options Data:
---GEX: Bearish (softening)—pinning pressure eased slightly overnight.
---DEX: Bearish (softening)—put delta leads but less aggressively.
---IV: Moderate—25–30% vs. 20–25% norm, steady volatility.
---OI: Put-heavy—high OI below close persists.
---Directional Bias: Bearish (softening). GEX’s reduced pinning suggests less dealer-driven downside, DEX’s put delta bias weakens, moderate IV supports some volatility but not extreme moves, and put-heavy OI anchors prices lower—still bearish but with less conviction.
Sympathy Plays:
--TNA (Direxion Small Cap Bull 3X): Falls 3x if IWM dumps, rises if IWM rebounds.
--TZA (Direxion Small Cap Bear 3X): Gains if IWM dumps, fades if IWM rallies.
--Opposite Mover: IWM dumps → TZA rallies; IWM rallies → TNA surges.
Sector Positioning with RRG:
--Sector: Broad Small-Cap ETF (Russell 2000).
--RRG Position: Lagging Quadrant. Tariff/rate drag persists.
Top 5 Movers (Russell 2000): SMCI (+2%), MARA (+1.5%), RIOT (+1%), CVNA (+0.8%), PLUG (+0.5%).
Bottom 5 Movers (Russell 2000): AMC (-3.5%), RKT (-3%), UPWK (-2.5%), ZETA (-2%), RUN (-1.8%).
$SPY short term top downside from $521 to $481AMEX:SPY is looking like it put in a short term top here. I originally only thought that we had the potential to fall to $545 or so, but now looking at the chart, I think we have the possibility of falling farther.
The two targets that I'm looking for on the downside are $524.35 and 481.18.
Let's see if they get hit over the coming weeks.
If they hit, it'll be the ultimate buying opp as I think from there, we're likely to see SPY over $700 in the coming year or two.
buy the dippity dip of the dipTechnically, charts are near previous highs from 2021-22,
As the great investooore ser unlimited meals buffett said
"if you eat when others are hungry, you will get fat. but if you starve when others are eating you will get all the chix."
its just a correction, not a recession .
buy the dip fm
Nightly $SPY / $SPX Scenarios for April 8, 2025🔮 🔮
🌍 Market-Moving News 🌍:
🇺🇸📊 NFIB Small Business Optimism Index Release: The National Federation of Independent Business (NFIB) will release its Small Business Optimism Index for March at 6:00 AM ET. This index provides insights into the health and outlook of small businesses, which are vital to the U.S. economy.
🗣️ Federal Reserve Speeches:
San Francisco Fed President Mary Daly is scheduled to speak at 8:00 AM ET.
Chicago Fed President Austan Goolsbee will deliver remarks at 7:00 PM ET.
📊 Key Data Releases 📊
📅 Tuesday, April 8:
📈 NFIB Small Business Optimism Index (6:00 AM ET):
Forecast: 100.7
Previous: 102.8
Assesses the health and outlook of small businesses, which are vital to the economy.
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Blood in the streets, SPY looks to have bottomed, for now?I forgot how that old saying went, but I knew its time for a good deal. My first tip off that we might be at a bottom was fear and greed sitting at a 4 on Friday. Into the weekend I saw Cramer and friends calling 1987 crash and historic doom headed for the economy. I saw a stat saying that this was the biggest crash since 2008, covid not withstanding. And then I saw one of my favorite tells, I call it the comedy indicator. When things are so bullish that people can only laugh at how easy it is to get rich... its a good sign to get out. The same goes when joking about the depression and how doomed it is, it's probably a good time to get in. So SNL having multiple segments joking about the depression was a good tell to me that we were rounding a corner.
Next I check some fundamentals, the S5TW is pretty useful in spotting bottoms temporary or otherwise, right now its sitting around 2-3% or 97-98% of SNP stocks below their 20 day MA. This is the level it was during the Jun 2022 bottom (before the massive run-up into august for those that remember, 18% in under 2 months) The 2022 October bottom, and of course the march 2020 covid bottom.
Finally you got some basic chart indicators, accumulation/distribution showing that we are still at the 560 level. the McLellan which shows that the 2 day massive sell off was not actually as broad as it may have seemed. Then there is the classic Stupid Willy, who is tuned to -5 and -95 to avoid too many false signals, not only did it signal twice the last 2 trade days, today the smoothed line crossed the signal EMA which tells me buyers had some solid force at this level. The Bollinger Band also looks like it may start curling around and we finally managed to tap into the bottom of the band (briefly) but that tells me there is some good room to run and it may be that time.
Overall I think this bottom is at the very least temporary, we should go up from here, complacency, hope, whatever it is should return. 560 may be too high, but I see us filling Friday's Gap down and maybe getting into the 540s in the coming weeks.
Happy Trading & Good Luck
SPY Battle Zone: Bulls vs. Bears at 6M Low ($510.27)📈 SPY Trade Setup – Key Reclaim or Rejection at $510.27 🔥
Ticker: SPY
Timeframe: 1H
Setup Date: April 7, 2025
🧠 Idea Summary:
SPY has recently bounced from oversold conditions and is approaching a critical level at $510.27, which is the 6-month low. Price action at this level could dictate the next major move. Here's how I’m planning this setup:
🟢 Scenario 1: Long Setup
Trigger: SPY reclaims and holds above $510.27
Confirmation: Retest and bounce from $510.27 as new support
Target: Move toward the next key resistance at $537.75 (Y Mid)
Stop: Below $508 for risk management
🔴 Scenario 2: Short Setup
Trigger: SPY fails to reclaim $510.27 and faces rejection
Confirmation: Lower highs and rejection candles under resistance
Target: Drop toward $466.43 (Y Low)
Stop: Above $512 or structure high
📊 Indicators Watching:
Dynamic Support & Resistance
Neon Momentum Waves – signaling potential short-term reversal or bounce
📌 Notes:
$510.27 is the key inflection point.
Momentum and volume confirmation are crucial.
Be patient and let price confirm your bias.
🔔 Let me know in the comments how you’re playing this level – are you leaning long or short?
👍 Like & Follow for more setups!
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Always do your own research and consult with a licensed financial advisor before making any investment decisions. Trading involves risk, and you should only trade with capital you can afford to lose.
#SPY #SP500 #TradingSetup #TechnicalAnalysis #SwingTrade #MarketWatch #SupportResistance
S&P 500 ETF (SPY) Market Cycle Analysis – Correction coming ?This chart presents a macro view of SPDR S&P 500 ETF (SPY) on a bi-weekly timeframe, highlighting key market cycle corrections and potential upcoming trends.
Key Observations:
🔴 Trendline Support: The price action has consistently respected a long-term ascending trendline, with previous corrections bouncing off similar levels.
📉 Historical Market Corrections: Red vertical lines mark significant past corrections (Feb 2020, Dec 2021), aligning with dips in the lower indicator, suggesting cyclical downturns.
📊 Momentum Indicator (Lower Panel): Past dips in this momentum indicator (highlighted with red arrows) coincided with major corrections in the SPY chart. The recent downward trend raises concerns about another potential market pullback.
🔮 Future Projection (March 2025?): Based on previous cycles, the next major correction could occur around March 2025, aligning with potential trendline retests. If history repeats, we may see a pullback before resuming the uptrend.
Key Questions for Traders & Investors:
✅ Will SPY respect the trendline and recover, or are we heading for a deeper correction?
✅ Does the current market structure resemble past cycle downturns?
✅ How will macroeconomic conditions influence SPY’s next move?
Let me know your thoughts! Are you preparing for a correction, or do you see more upside potential? 🚀📉
⚠️ Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions. Past performance does not guarantee future results. Trade responsibly!
SPY/QQQ Plan Your Trade EOD Review : POP PatternToday's pattern played out perfectly.
I'm really amazed that the SPY rallied up to my resistance level ($520-525) and stalled/bottomed exactly near my $480 support.
Absolutely PERFECT reflection of the data I presented this morning and from my research over the weekend.
Now, if my analysis is correct, we move into a sideways consolidation pattern for the next 3+ weeks where price will attempt to establish a range (moving slightly downward in trend) before we get to the late-June breakdown (setting up the July 2025 low), then another big breakdown in October 2025.
I can't tell you how pleased I am with the comments and messages I get every day. Some of you are KILLING IT and I'm so happy to be able to help.
Remember, we are all trying to find the best way to profit from these market trends. So remember to share your success with others and let them know how to find the best tools for trading (on TradingView).
Now, let's get busy trying to get ready for the next phase of this market trend (which will come in June).
I'll keep you updated.
Get some.
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QQQ - The Time Is NowApril is wild. So take a deep breath and ... relax.
Because for traders with a longer-term investment horizon, now may be THE time to buy.
A look at the QQQ in the big picture shows that extremely strong bullish divergences have built up in the cumulative volume delta.
Yes, the crash was fast and violent. But, as we know: Fast is fake.
It can therefore be assumed that the QQQ will recover relatively soon.
Times may remain exciting for day traders, but investors on the hunt for bargains will be happy about perfect entry prices.
QQQ Major Trend BreakThe uptrend from the 2022 low has finally been broken and we also have a shorter term bear flag that has developed since the break as well. I'd consider this a very significant break that will likely lead to a move down to $405. We may see some relief there, but I expect that to break eventually as well which should lead to a full retracement back down to the 2022 lows.
It is starting...
From Keynes to Adam Smith: SPY & TLT React to Policy Crossroads
NASDAQ:TLT and AMEX:SPY have experienced significant declines at the open today , with the latter signaling a market shift away from a Keynesian economy—dependent on government spending that favors a handful of well-connected corporations—toward an Adam Smith-inspired liberal economy guided by the invisible hand. Could this transition, amid all the talk of tariffs, potentially drive inflation? The future direction of NASDAQ:TLT will hinge on how these new policies are implemented, particularly given that $2.2 trillion from the Fed’s 2020–2022 quantitative easing still lingers in the system. Pushing for interest rate cuts at this stage would certainly be a hasty move. Today’s rejection of technical resistance at $94.86 speaks volumes
TLT - Monthly Targets (Long Term)Markets are currently tight squeezing due to Trumps terrifs etc, something has to give in, based on this chart:
- TLT has found a bid at .963 Fibonacci level @ $82.42 (EXTREME RETRACE)
- Dec 2, 2024 = the 369 ratio in time for $82.42 (time & price 📐)
NEXT TARGET PROJECTION IS 50% OF THE MAX TARGET ANGLE = ($121)
(BETWEEN 2025 - 2029)
MAX TARGET = $183 - $212
(BETWEEN 2025 - 2034)
We have 3 reasons to here
1. There is a megaphone pattern almost finished (A).
2. A broadening wedge is forming at a high level (B).
3. Another broadening wedge is nearing completion (C).
So, what I think is that Trump will announce something interesting to end the commercial conflict with everyone.
We will see a market recovery period and a new high.
Right now it looks bad, but it's not too bad.