$SPY - Keep It SimpleAll about trend lines. Since 2020 to today, there have been three major trends. The first was the bull run from covid bottoms to the 2022 highs; a very distinct trend line being drawn. The second was the correct in 2022; another distinct trendline drawn. Recently, we have a break of the uptrend associated with a bear flag continuation pattern. Keeping it simple, we take the pole of the flag and we measure it; 515-520 is a potential target. It lines up with prior lows and also the 0.385 fib level.
ETF market
QQQ: Bullish Continuation & Long Trade
QQQ
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy QQQ
Entry Level - 468.97
Sl - 457.71
Tp - 491.73
Our Risk - 1%
Start protection of your profits from lower levels
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SPY: Bulls Will Push
The price of SPY will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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SPY Price Projection: Mid-2025 TargetRevealing Market Trends: Logarithmic Regression Analysis Indicates Bullish Path for SPY
In the ever-evolving realm of financial analysis, the search for reliable predictions remains ongoing. Logarithmic scale regression analysis, coupled with potent indicators, has emerged as a promising tool for discerning trends, particularly regarding assets like the SPY.
This analysis delves into the utilization of logarithmic scale regression alongside two robust indicators, offering insights into the potential trajectory of the SPY's price movement. It's essential to note that the interpretations and predictions presented are based on my analysis alone and should not be construed as financial advice. As with any market analysis, uncertainties persist, and actual outcomes may diverge from projections.
Logarithmic scale regression accounts for the exponential nature of price movements, providing a nuanced perspective on long-term trends. When combined with indicators such as moving averages or momentum oscillators, the analysis gains depth, revealing not only the direction but also the strength of the trend.
After meticulous examination of historical data and the application of analytical tools, our analysis suggests a bullish trajectory for the SPY, with a projected price nearing 620 EUR by mid-2025. This projection implies a significant uptrend from the current date, with a potential increase of approximately 20% over the specified timeframe.
However, it's crucial to approach such forecasts with caution, recognizing the inherent risks associated with financial markets. While our analysis indicates a positive outlook, market conditions can change rapidly, leading to deviations from expected trends.
In summary, logarithmic scale regression analysis, supported by robust indicators, offers valuable insights into market trends and potential price movements. While our analysis suggests a bullish sentiment for the SPY, investors should conduct thorough research and seek professional advice before making investment decisions.
Disclaimer: The analysis provided is based on personal interpretation and should not be considered financial advice. Investing in financial markets carries risks, and actual outcomes may differ. Readers are encouraged to conduct their own research and consult with financial professionals before making investment decisions.
Chart Pattern Analysis Of SQQQ
After K0 break up the long-term downtrend channel,
K3 tested for a first time,
The decreasing volume implies another bull run may keep climbing up.
If the following candles fall to test 0.382fib area,
It will be a good place to buy it there.
And, it is also a good place to buy it here immediately.
But the risk will be relatively higher.
Long-36.6/Stop-35.1/Target-50
SPY: End of March/Start of April Hey everyone,
Going to keep this short because I feel like, between projections and levels, I have a good idea of what is going to happen next week.
The chain of events seem to be gap down/ or sell towards 550 / 549, then up to 557 (which is also our reference target, that yellow line in the chart) where we see rejection to sub 550.
I am a little shook that this is moving super quick, but the last correction in a Trump era was fairly swift, tumbling over 20% in the span of maybe 3 months if I remember correctly (2018). But it was a complex market because there was an initial collapse, then a choppy grind up to highs, then an even deeper sell. I am hoping that this does not repeat because that would be annoying.
Here is the forecast:
The red line is the best fit projection.
Looking at the forecast overlaid with the levels for next week it does really align well with the move to 557.
If we are to break over 557, then I would be looking for a cap at 559.
The best fit low is 546, which means dropping below previous support.
The ultimate target as of right now is a move back to the quadratic mean in the 490s. Though we could find support on the upper confidence level.
If we are doing a very fundamental correction, 472 is SPY's mean based on the US money supply:
As of right now the target to really just care about is 546.
And as a side note, there was a ton of volume uptick in that 555 range. We only hit it on Friday, but over the last 5 days, 555 comprised the HIGHEST volume, all selling, to the point of being SPY's 5 day POC. That is pretty intense for a new low on the week achieved Friday a few hours before market closed for the weekend to comprise the most volume and it being 95% in one direction. This stark EOW volume generally would lead to gap in the direction of the volume, which was bearish, so hence I do expect a bit of a gap down.
Anyway, those are my thoughts, keeping the idea fairly simple this week because I'm tired haha.
Safe trades, enjoy your weekend!
P.s. Thank you as always to Tradingview for allowing people to do plots with pinescript on public ideas! 🙏🙏🙏
SPY Set To Grow! BUY!
My dear friends,
SPY looks like it will make a good move, and here are the details:
The market is trading on 555.80 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 569.99
Recommended Stop Loss - 549.79
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
QQQ Will Explode! BUY!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 468.97
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 488.44
My Stop Loss - 457.91
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
XIN Long Entry and ExitSharing to remind myself that mistake happen more often for me in bear markets.
Here I have entered on a CCI trigger. Not a particularly bad entry although there was an immediate pullback. But the SL placement was poor. I am still trying to discover what I pinned it on but cannot see why.
SPY is still on thin iceA month back I wouldn't have believed this post though I did expect 10% correction and exited my major position at the top. I post this as pure academic purpose and my own record. I find volume profile the most important tool in technical analysis. Whatever I present here is an educated guess and not pure speculation. Before doing the profile I did a VP study on major stocks, since VP shows more clarity on the stocks
Based on Volume profile the sellers will have little resistance breaking through thin ice zone. We could still be looking at 514 easily. Then it starts facing some resistance
Market is still breaking through bubble territory. The reason I call bubble territory is because the volume became significantly lower after May 24. Most of the large investors and funds had bought their major holding by then. If fact based on news Warren Buffet and Michael Burry started selling USA market in August and kept selling till end of Dec. WB sold his entire holding of American express, one of his favourite company Berkshire was holding largest cash balance in is history by Dec. Smart guy. So I just followed him. Then I ask If these heavy weights are selling will they back after 10% correction? No way, they would wait for at least 20% or more markdown
This give me confidence in my analysis and economic environment supports that too
The market will quick fall through low volume region or imbalances. These act like magnets for the price and stop or pause for a breath at High volume nodes and even bounce back to take back some the low volume nodes. These can create a flag structure. This what happened when the market bounced back from 5500 to 5790 and reversed again. I correctly said in a previous post it was a bear flag
When the market is euphoric and in FOMO stage it will leave lots of volume gaps which attracts the market back to those levels