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SPY: Week of Jan 6thHey everyone, As promised, getting back into the grove of posting analyses. I was going to cover other tickers but I ran a little long. People have told me that they have learned a lot from me so I wanted to take time to explain how to identify things clearly. I generally don't feel like I give helpful educational information in my ideas but I will make a point of doing it in the future. If you are interested in Bulkowski stuff and his software, just google Thomas Bulkowski online and you will find lots of information! He provides a lot of free educational content online. You can also find some educational ideas on tradingview that go over Bulkowski patterns, here are some I have found: This one is a really good video on testing patterns using an indicator. This is using the same textbook I trained my own Bulkowski model with: Anyway, this is my analysis/forecast. Hope you enjoy! Leave your questions below! Safe trades!
AMEX:SPY
by Steversteves
35
A Case To Be Long GoldSince the beginning of the year, I've been seeking an opportunity to invest in gold, and I believe there's a compelling case from macroeconomic, fundamental, and technical perspectives. Macroeconomic Perspective on Gold With President Trump returning to office, it's important to consider the economic impact of his proposed income tax reductions. Lowering individual taxes increases disposable income, leading to higher consumer spending without incurring additional debt. This contrasts with lowering interest rates, which encourages spending through borrowing, potentially having a slower effect on inflation compared to direct fiscal measures like tax cuts. The recent stimulus checks have shown a direct impact on inflation, and similar effects could arise from income tax cuts, especially for tipped workers. Investors often turn to gold as a store of value during inflationary periods, making it a potentially attractive investment under these conditions. Fundamental Analysis of Gold Currently, the price of gold relative to the SP:SPX ( $TVC:GOLD/SP:SPX ) appears undervalued. Additionally, the GOLD/SPX ratio is at a support level, indicating potential for appreciation. Seasonal Trends Historically, over the past 18 years, gold has shown strong performance from January to late February, posting negative returns only four times. Even in those instances, the losses were minimal compared to the gains during positive years, suggesting a favorable seasonal pattern for gold investments during this period. Technical Analysis of Gold Gold has been in an uptrend, and after a significant pullback, there appears to be an opportunity to enter the market. The recent large bearish movements may indicate a slowdown in the weekly trend, leading to a consolidation phase where the market establishes a new price range. Conclusion Gold presents a promising opportunity for inclusion in a long-term investment portfolio, potentially offering substantial returns. Monitoring the risk/reward profile is essential, and adjustments may be necessary based on market developments. If the desired entry point isn't reached and a bullish inside bar forms this week, next week's entry could be even more favorable. Good luck and happy trading! For more information on this subject and many others visit my website and my YouTube.
AMEX:GLDLong
by JoeRodTrades
The Market Looks Bullish at firstSPY Price Projection and Option Strategy Current Market Overview Current Pre-Market Price: US$596.39 Last Close Price: US$595.36 Technical Analysis: The technical indicators for SPY suggest a cautiously bullish outlook. The breakout from the Falling Wedge pattern indicates a potential upward movement towards the resistance level at US$594.22. Oscillators show a bullish sentiment, while moving averages present mixed signals with short-term averages indicating a sell and longer-term averages showing some bullish potential. Option Expiry Dates for This Week 07-Jan-2025 08-Jan-2025 09-Jan-2025 10-Jan-2025 Option Chain Metrics Put-Call Ratio: 0.56 (for 28-Feb-2025 expiry) Max Pain: US$525.00 Highest Call Open Interest (OI) Strike: US$635.00 Highest Put Open Interest (OI) Strike: US$480.00 Recommended Option Strategy for a 50% Gain Given the cautiously bullish outlook and the current market structure, here are some single-leg option contracts expiring this week that could potentially yield a 50% gain: Long Call Option Stock Symbol: SPY Signal: Bullish Option Strategy: Long Call Strike Price: US$600.00 Expiry Date: 07-Jan-2025 Current Price: US$596.39 Buy/Sell: Buy Call/Put: Call Premium: US$0.28 Stop loss: US$0.25 Take profit: US$0.42 (50% gain target) Implied Volatility: 13% Rationale: The option is out-of-the-money (OTM) with a bullish signal, aligning with the cautiously bullish market outlook. Long Call Option Stock Symbol: SPY Signal: Bullish Option Strategy: Long Call Strike Price: US$602.00 Expiry Date: 10-Jan-2025 Current Price: US$596.39 Buy/Sell: Buy Call/Put: Call Premium: US$1.00 Stop loss: US$0.90 Take profit: US$1.50 (50% gain target) Implied Volatility: 13% Rationale: This option is also OTM with a bullish signal, and the premium is positioned for a potential 50% gain if the market moves favorably.
AMEX:SPYShort
by CapitalGainz33
SPY/QQQ Plan Your Trade For 1-7-25 : Counter Trend BreakawayToday's pattern suggests the markets will move upward (counter-trend) in an attempt to move into the RALLY, RALLY, RALLY phase closing out this week's price action. I suggest traders prepare for what may become a fairly explosive upward trend over the next few days - but stay fairly cautious as unexpected news may derail price trends a bit. We are still moving into the early 2025 liquidity flood - where traders who pulled capital away from risks in late 2024 are starting to move back into the markets. We are also moving into Q4:2024 earnings data (in about a week or so). So there are still lots of opportunities for big trends. I'm watching to see if the markets attempt to move to new All-Time Highs again - which I believe is a highly probable outcome. If my research is correct, we are going to move into that RALLY, RALLY, RALLY phase very cleanly today and tomorrow. Gold and Silver are moving higher again - which is great to see. Today is a RALLY day on my Gold Cycle Patterns. Could be a great opportunity for skilled traders in Metals this week. Bitcoin has reached that DUAL FLAGGING zone. In other words, stay cautious at this point. Volatility will likely increase for Bitcoin and I believe the most likely outcome will be to attempt to move back downward after reaching this dual flagging zone. We'll see what happens next. Remember, we are just starting 2025, so you have lots of time to try to identify opportunities throughout the year. Your goal as a trader is to find the best opportunities to BOOK PROFITS. The more you are able to BOOK PROFITS, the more likely you are to GROW YOUR ACCOUNT. 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
AMEX:SPYLong
by BradMatheny
SPY Trade Idea: Analyzing the 20-Hour MA atChart Setup: Timeframe: Hourly (1H) Indicator: 20-Hour Simple Moving Average (SMA) Volume Support/Resistance Levels Analysis at Yesterday’s Close: Price vs. 20-Hour SMA: SPY closed near the 20-Hour SMA, suggesting a critical juncture for short-term trend direction. A close at or near the 20HR MA often signals potential consolidation or a pivotal reversal. Market Context: Yesterday's session showed . Volume near the close indicates conviction from market participants. Key Observations: If the price stays above the 20HR SMA, bulls may aim to retest the nearest resistance zone at . If it drops below, bears could push toward the next support zone at . Trade Plan: Scenario 1: Bullish Breakout Trigger: If SPY opens above yesterday’s close and sustains above the 20HR SMA. Entry: Wait for a 5-minute candle close above . Targets: Target 1: Target 2: Stop Loss: Below the 20HR SMA or the last swing low. Scenario 2: Bearish Breakdown Trigger: If SPY opens below the 20HR SMA or rejects the level during the session. Entry: Enter on a confirmed rejection or break below . Targets: Target 1: Target 2: Stop Loss: Above the 20HR SMA or the last swing high. Risk Management: Position size based on risk tolerance (e.g., 1-2% per trade). Monitor price action closely around the 20HR SMA for confirmation before committing to a trade. Conclusion: The 20HR MA serves as a dynamic pivot level for short-term SPY trading opportunities. A strong move away from yesterday’s close could set the tone for today’s trading session. Stay disciplined and adapt to evolving market conditions.
AMEX:SPYShort
by CapitalGainz33
SPY Hovering Near Resistance! Will the Rally Continue-Jan. 7, 24 30-Minute Timeframe Analysis * Trend Overview: SPY is trading near $599.68, consolidating after a strong upward move. The price has maintained a rising trendline, signaling bullish momentum. However, the potential for a market gap up or down at the open could disrupt the current setup. Traders must remain flexible and adjust their strategies based on updated price action. * Key Levels: * Support: $592.76 and $580.53 are critical levels to hold if the price retraces, especially in the case of a gap down. * Resistance: $599.68 and $600.93 are immediate zones for a breakout, particularly if the market gaps up. * Indicators: * MACD: Bullish but beginning to flatten, indicating possible consolidation unless a gap up renews momentum. * Volume: Recent volume supports the upward move, but continuation requires a surge to confirm strength. 1-Hour GEX (Gamma Exposure) Insights * Key Gamma Levels: * Positive GEX: $599 and $600 are key call resistance levels, with $599 being the highest positive gamma wall. A gap up could test these levels quickly. * Negative GEX: $591 and $589 are key put support areas, offering protection in case of a gap down. * Options Metrics: * IVR: Low at 16.1, reflecting reduced volatility but potential for sudden moves. * Calls vs. Puts: Bearish skew with puts at 45.8%, signaling cautious sentiment. * Actionable Gamma Zones: * Bullish Scenario: A sustained break above $599.68 or a gap up could drive the price toward $600.93 or higher. * Bearish Scenario: A gap down below $592.76 may activate put support and lead to further downside toward $580. Trade Scenarios * Bullish Setup: * Entry: Break and hold above $599.68, or after a gap up that sustains above $600. * Target: $600.93 and $603.00. * Stop-Loss: Below $597.00. * Bearish Setup: * Entry: Breakdown below $592.76, or after a gap down that fails to reclaim $593. * Target: $589.00 and $580.53. * Stop-Loss: Above $594.00. Important Note for Traders * Market gaps at the open can significantly change the trading outlook. Reassess support and resistance levels during pre-market activity and adapt your strategy accordingly. * If you need technical analysis for SPY or any other ticker, feel free to reach out for detailed insights tailored to your needs. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your research and trade responsibly.
AMEX:SPY
by BullBearInsights
SPY Testing Key Resistance! Will Bulls Maintain Control? 30-Minute Timeframe Analysis * Trend Overview: SPY has been trading in an uptrend, approaching resistance near $459.50 after a strong recovery. The price is consolidating at this level, signaling indecision among buyers and sellers. The market's potential gap up or down at the open could significantly alter this setup, requiring traders to reassess their plans and adjust accordingly. * Key Levels: * Support: $454.00 and $448.50 are key areas to watch for a pullback, especially in the case of a gap down. * Resistance: $459.50 and $462.00 are immediate levels for a breakout if bullish momentum continues or if the market gaps up. * Indicators: * MACD: Bullish but flattening, indicating potential consolidation unless a gap up ignites further momentum. * Volume: Recent volume suggests interest in the upward move, but sustained volume is required to confirm a breakout. 1-Hour GEX (Gamma Exposure) Insights * Key Gamma Levels: * Positive GEX: $459 and $462 are strong call resistance levels, with $459 as the highest gamma wall. A gap up could quickly test these zones. * Negative GEX: $454 and $450 are critical put support levels, offering protection in case of a gap down. * Options Metrics: * IVR: Moderate at 25, reflecting a stable environment with potential for directional moves. * Calls vs. Puts: Slightly bullish bias, signaling optimism among market participants. * Actionable Gamma Zones: * Bullish Scenario: A sustained move above $459.50 or a gap up could drive a rally toward $462.00 or higher. * Bearish Scenario: A gap down below $454.00 may activate put support and lead to further downside toward $450. Trade Scenarios * Bullish Setup: * Entry: Break and hold above $459.50, or after a gap up that sustains above $460. * Target: $462.00 and $465.00. * Stop-Loss: Below $457.00. * Bearish Setup: * Entry: Breakdown below $454.00, or after a gap down that fails to reclaim $455. * Target: $450.00 and $448.50. * Stop-Loss: Above $456.00. Important Note for Traders * Market gaps at the open can shift the outlook significantly. Reassess support and resistance levels during the pre-market session and adjust your strategy to align with the updated conditions. * If you need technical analysis for SPY or any other ticker, feel free to reach out for detailed insights tailored to your needs. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your research and trade responsibly.
AMEX:SPY
by BullBearInsights
BITX vs BTC Strategy and othersBITX vs BTCUSD BITX is a 2X Leverage ETF. What this means: % of change is multiplied by 2 both ways (+/-). We have several ways to take advantage of this that will maximize returns, and lower your risks. Obviously if you keep all BTC, then you don't have additional risk nor additional upside. Use this 3D Chart to Guide you. Strategy 1: Existing BTC Holders - On-going Sell at Daily Highs - Buy at Daily Lows for BITX over time. Strategy 2: Existing BTC Holders - Sell portion or all and buy Convert to BITX - Sell Covered-Call Take Premium - Buy Cash-secured Put DCA 1. Daily Buys - BTC, MSTR 2. Weekly Buys - AI and Quantum 3. Monthly Buys - depends 4. Take Profits and Stop-loss : use 3:1 Ratio
CBOE:BITXLong
by peacefulBoa2302
QQQ Consolidating at Key Resistance! Will Momentum Push It Highe 30-Minute Timeframe Analysis * Trend Overview: QQQ is showing strong recovery, trading near $527.92 resistance after a breakout from a descending trendline. The price is consolidating, indicating indecision at current levels. The possibility of a market gap up or down at the open may change this structure, so traders should remain flexible and reassess their plans accordingly. * Key Levels: * Support: $517.49 and $508.20 are critical levels to hold if the price pulls back, particularly during a gap down. * Resistance: $527.92 and $531.21 are key levels for further bullish momentum, especially if the market gaps up. * Indicators: * MACD: Bullish but flattening, signaling potential consolidation unless a gap up drives renewed momentum. * Volume: Recent volume surge supports upward movement, but a breakout needs confirmation with sustained volume. 1-Hour GEX (Gamma Exposure) Insights * Key Gamma Levels: * Positive GEX: $527 and $531 are strong call resistance levels, with $527 serving as the highest positive gamma wall. A gap up may lead to a test of these zones. * Negative GEX: $523 and $521 are key put support levels, protecting the downside if the market gaps down. * Options Metrics: * IVR: Low at 17, reflecting a calm market environment with potential for sudden moves. * Calls vs. Puts: Slightly bearish skew with puts at 2.5%, signaling mild caution. * Actionable Gamma Zones: * Bullish Scenario: Sustained move above $527.92 or a gap up could lead to a rally toward $531.21 or higher. * Bearish Scenario: A gap down below $523 could activate put support and drive the price toward $517.49. Trade Scenarios * Bullish Setup: * Entry: Break and hold above $527.92, or after a gap up that sustains above $528. * Target: $531.21 and $535.00. * Stop-Loss: Below $525.00. * Bearish Setup: * Entry: Breakdown below $523.00, or after a gap down that fails to reclaim $524. * Target: $517.49 and $515.00. * Stop-Loss: Above $526.00. Important Note for Traders * Market gaps at the open can significantly alter the current outlook. Reassess price action during the pre-market session and adjust your strategy to align with updated conditions. * If you need technical analysis for QQQ or any other stock, feel free to contact me for personalized and detailed insights. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your research and trade responsibly.
NASDAQ:QQQ
by BullBearInsights
IWM Facing Critical Resistance! Will the Breakout Succeed? 30-Minute Timeframe Analysis * Trend Overview: IWM has been trading within a rising wedge pattern, with recent resistance near $227.46 and support forming around $219.68. The price is showing signs of consolidation after a sharp move higher, indicating potential indecision. The market may gap up or down, which could disrupt this structure, so traders should reassess at the open and adapt accordingly. * Key Levels: * Support: $224.00 and $219.68 are important levels to hold if the price pulls back, especially during a gap down. * Resistance: $227.46 and $228.00 are immediate levels to break for further bullish momentum, especially if the market gaps up. * Indicators: * MACD: Bearish crossover, suggesting a potential pullback or consolidation unless a gap up invalidates the signal. * Volume: Decreasing volume near resistance signals caution; any breakout or breakdown needs to be supported by a surge in volume. 1-Hour GEX (Gamma Exposure) Insights * Key Gamma Levels: * Positive GEX: $225 and $227 are strong call resistance zones, with $225 being the highest positive gamma wall. A gap up could test these levels quickly. * Negative GEX: $222 and $221 are key put support levels, providing protection in case of a gap down. * Options Metrics: * IVR: Low at 21.3, indicating a calm market environment, but potential for large moves remains if volatility spikes. * Calls vs. Puts: Slightly bullish bias with calls at 1.1%, showing muted optimism. * Actionable Gamma Zones: * Bullish Scenario: Sustained price above $227.46 or a gap up could trigger a rally toward $228 and beyond. * Bearish Scenario: A gap down below $224 may activate put support and drive the price toward $221. Trade Scenarios * Bullish Setup: * Entry: Break and hold above $227.46, or after a gap up that sustains above $228. * Target: $230.00 and $233.00. * Stop-Loss: Below $225.00. * Bearish Setup: * Entry: Breakdown below $224.00, or after a gap down that fails to reclaim $225. * Target: $221.00 and $219.68. * Stop-Loss: Above $226.00. Important Note for Traders * Market gaps at the open can disrupt the current structure. Reassess price action during the pre-market session and adjust your plan to align with the updated conditions. * If you need technical analysis for IWM or any other ticker, feel free to reach out for a personalized breakdown and actionable insights. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your research and trade responsibly.
AMEX:IWM
by BullBearInsights
2