Get started
SPDR S&P 500 ETF TRUSTSPDR S&P 500 ETF TRUSTSPDR S&P 500 ETF TRUST

SPDR S&P 500 ETF TRUST

No trades
See on Supercharts
Overview Analysis News
Ideas
Discussions Technicals Seasonals Options

SPY trade ideas

$SPY November 16, 2024AMEX:SPY November 16, 2024 For a change target came without much of drama. Could not short the previous day. So had no trade. For the week: 5 Minutes: We had multiple LL and managed to close HL HH pattern. Oscillator divergence can be seen. 9,21, 50 averages converged. So, expecting a bounce to 589 - 592 levels being 100 and 200 averages. 200 averages in 5 minutes could be a good level to short. SL 592.75 being 23.6% retracement for the rise 567.86 to 600.17. 15 Minutes: We can see a consolidation going on last 15 bars or so. Downtrend intact as below 50,100 and 20 averages. Again 590 to 593 represents 50 to 200 average range in 15 minutes too. 60 Minutes. Took support at 200 averages. For the fall 600.17 to 583.86 593-594 is a good level to short. it represents 61.8% of retracement for the fall. Daily: Took support of 21 average in daily. Holding 580 is important to continue uptrend taking the last rise into consideration from 567.89 to 600.17. If 580 is broke next support is 575-576 levels. It also represents 23.6% retracement for the rise 539.44 to 600.17. So next week range is Go long with SL 583.5 for 590-592 as target. or go short below 580 for 576+ as target SL 581.5
AMEX:SPY
by RiderTrader
SPY going up after the electionEven though the DAILY indicators have not changed, the 30 minute, the 1 hour and even the 2 hour indicators are shifting to indicate an upward movement. The rest of the hourly and daily indicators will soon follow. (I will post these 30 minute and the 1 hour indicators soon) I am using the Heikin Ashi candlestick as I find you see more of a definite trend on the candlesticks itself. Typically, you would wait to enter the trade until you see 2 green candlesticks. But I am a little bit of a rebel and I already entered today, which will probably come back to bite me in the ass soon! LOL! ;-) I use the MacD, DMI and the Stochastic RSI as my indicators. The SPY will move about 34 points which was the average upward move of the previous months and that hits the fib line of 1.618. I use the fib tool to get a general approximation of the target. So I estimate the target of the SPY at around 602. It will reach that target around November 21st or approximately a 14 day upward move, which has been the average upward move in the previous months. Around November 12th, the market will pause a little before heading back up to reach the target I have laid out as 602. Happy trading everyone!
AMEX:SPYLong
by Princessgirl
SPY pullback from $600MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Buying calls on SPXU Buying Puts on SPY Price at or approaching top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price near 4.618 Fibonacci level Buying SPXU or SPY puts when SPY tags $600 Target is $587 or channel bottom NO STOP LOSS Will hold to year end or until target reached
AMEX:SPYShort
by chancethepug
2
BEAR-TRAP : GAP Reversal May Lead To Larger EPP FlaggingPay attention to the dual Excess Phase Peak (EPP) patterns in the SPY this morning and how the current GAP Reversal pattern may resolve as a base/bottom in the markets in early trading. I believe the markets will shift from this early breakdown into a moderate upward (Flagging) trend. Learning to anticipate these types of shifts in the market can help you plan and prepare for future price trend rotations. Knowing the SPY is likely to attempt to base/bottom from a broader EPP pattern (moving into the sideways Flagging stage #2) suggests traders may attempt to prepare for a 0.75% to 1.25% upward price swing over the next 2 to 4+ days. This aggressive downward selling aligned perfectly with my SPY Cycle Patterns. Now, this low may be the Base/Bottom I'm expecting to shift into the FLAGGING phase of the larger EPP pattern (#2). Buckle up. This should be fun. Looks like a BEAR TRAP in the making. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY/QQQ Plan Your Trade For 11-15: GAP-Reversal Counter-TrendToday's Pattern suggests the SPY will GAP downward at the open and attempt to identify a base/bottom throughout the day. I belive this move may represent a pause in the downward trend, shifting into a FLAGGING pattern as part of a broader Excess Phase Peak pattern. If I'm correct, we are going to move into a moderate BUYing opportunity for the SPY/QQQ lasting into Tuesday/Wednesday of next week. Gold and Silver appear to be setting up a base/bottom off a very deep Phase #5 (Ultimate Low) of a current Excess Phase Peak pattern. This means, if we continue to get confirmation, that Gold and Silver will attempt to move higher and attempt to move into the Phase #3 of the Excess Phase Peak pattern (a move into a consolidation phase). BTCUSD is current exhibiting a dual type of Excess Phase Peak pattern that suggests a broader breakdown is in the works. Possibly back down to 78-82k. This could be a very big contraction event for BTCUSD. Buckle up. Happy Friday. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
1
S&P 500 Market Update Part 2 + Trade Plan AMEX:SPY Greetings everyone, Let’s analyze the recent price action of the S&P 500. I SPY 🕵️with my eye a reversal . The index reached a key milestone, breaking above $600 USD shortly after the US election. However, this achievement was short-lived. After briefly crossing the $600 level, it was quickly rejected, falling back below—a classic case of what traders often call a fakeout or a “look above and fail.” Momentum Shift: A Rollercoaster Analogy Imagine a rollercoaster that has climbed to its peak with tremendous force (the catalyst). The potential energy built up from the climb is unleashed as it starts descending rapidly. Similarly, after a period of intense buying pressure, the market often runs out of steam, stalling and reversing direction—just like our rollercoaster hurtling back downward after reaching its height. What Happened Next? Following the breakout, extreme selling pressure set in, driving prices down sharply. During market hours, the price bounced between highs and lows, showing signs of uncertainty and volatility. Renewed Interest and Its Consequences As the price dipped, confident buyers stepped in, creating a back-and-forth movement akin to a seesaw. This tug-of-war in price action is evident in the bear flag pattern which formed on the chart. While the bear flag doesn’t guarantee further downside, it often signals the potential for continued selling pressure based on historical patterns. What’s next for the S&P 500? I have my long term support target which I expect price may revisit in order to build enough momentum aka buying pressure. For its next major move - whether it’s up once more or continued lower Major Levels: 586 Major SR 591 Strong Resistance as of late 596.89 Zone to consider going long if price renters and holds. Trade Plan: I gave out the trade idea to short if priced Reversed at $600 in my previous market post. Give it a like 👍. If you were able to catch that trade through reading my previous or on your own accord please like or drop a comment on how you executed the trade. Trade Plan Assuming you were trading since 600, I would be de-risk by taking some profit. Setup: 1. Bearish engulfing at major resistance levels & short to the previous lower levels. 2. I would also be looking for a strong reversal at the levels noted to re-enter the short. 3. The end goal is 588.xx + a small margin of error. Thanks, - C Lemard
AMEX:SPYShort
by coilemard
1
SPY in Downtrend: Key Levels and Trade Setups for Nov. 15, 2024Trading Plan and Technical Analysis for SPY Overview SPY has shown a sharp downward trend recently, with price action reflecting bearish momentum. In this setup, I’ll cover important support and resistance levels, supply and demand zones, and potential entry/exit points for both scalping and swing trades. Key Levels Support Zones: $591: This is the immediate support level. A break below this could signal further downside momentum. $585: If SPY fails to hold above $591, this level becomes the next target and is a key zone where buyers may step in. Resistance Zones: $594.34 - $594.96: This area served as previous support and may now act as resistance. A strong push above this range could indicate a potential reversal. $599.16: If SPY can break through $594 with volume, the next significant resistance is around $599. Price Action & Supply/Demand Zones Demand Zone: Between $585 and $591, where SPY may find buying interest if the downward pressure subsides. Supply Zone: The region around $594.34 - $594.96. If price approaches this zone, watch for potential selling or resistance unless there’s a strong breakout. Order Blocks & Market Structure Bearish Order Block: Around $594.34 - $594.96, where sellers previously gained control. This area is a critical level for bears to defend if the downtrend is to continue. Potential Bullish Reversal: If SPY can reclaim and hold above $594.96, it could signal a shift toward bullish sentiment, at least for a short-term bounce. Entry & Exit Suggestions Scalping Entry: For short scalps, look to enter around $591 on breakdowns or quick bounces, targeting $588 with a tight stop above $592. Swing Trade Entry: Consider entering near $585 if SPY reaches this level and shows signs of support, with a potential target around $594.34. Use a stop-loss below $584 to manage risk. Directional Outlook Bearish Scenario: If SPY fails to hold $591, look for further downside, with $585 as the next key target. Bullish Reversal Potential: For a bullish reversal, SPY needs to break above $594.96 with volume. This could lead to a short-term move toward $599.16. Thoughts and Suggestions With the current downtrend, scalpers should focus on quick plays around the support levels. Swing traders may find opportunity if SPY shows signs of strength at $585, but it’s crucial to be cautious until a clearer reversal signal emerges. Disclaimer This analysis is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a financial advisor before making trading decisions.
AMEX:SPY
by BullBearInsights
2
SPY/QQQ Plan Your Trade For 11-14 : Temp Bottom In Trend ModeToday's pattern suggests the SPY will attempt to continue to flag sideways and slightly higher after finding support in early trading. Watch my video in detail. I go into a lot of longer-term price pattern detail and discuss the post-election setup of my Anomaly Event expectation. As I see the markets right now, they have moved, and continue to move in a direction that is likely to present a very real moderate crisis event over the next 3 to 6+ months. The stronger US Dollar is very likely to put pressure on foreign markets/debt related to the "carry trade" that was abundant before and after COVID. The Trump win is sending the markets into a Super-Predator mode (maybe I'll create a new video about this), where global markets, central banks, and global financial institutions may be at risk related to their long-term debt positions. At this point, The SPY and the QQQ will likely slide into a consolidation phase (a type of FLAGGING related to the broader Excess Phase Peak pattern) over the next 3+ days. Then, I expect the Anomaly Event to start to take shape and for the SPY/QQQ to begin a downward price trend. Gold and Silver are struggling to find a bottom as the US Dollar continues to rally. Don't expect any relief for metals as along as the US Dollar is rallying like this. This is a predatory shift related to global assets and Gold/Silver are going to stay weaker for as long as this shift continues. BTCUSD may rally up to $108k~120k if my research is correct. BTCUSD is in a "rally to the ultimate high" mode based on a very large Weekly Excess Phase Peak pattern. Remember, everything you need to know is already on the price chart. You just have to learn to identify these patterns and spend some time looking around at various intervals to figure out what is going to happen next. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
$SPY November 14, 2024AMEX:SPY November 14, 2024 15 Minutes. We are in an interesting setup. Foe the fall 600.17 to 594.37 AMEX:SPY retraced 599 levels. That is 78% retracement of the fall. Also, we have a 599 top earlier on 12th November too. And for the rise 594.99 to 599.23 AMEX:SPY has retraced 61.8% to 596 levels. Both denotes a limit of double top or double bottom being 599 or 594. So, until this range is broken, I have no trade on either direction. Today we will have a one-sided Thursdays move as usual. My downside is limited to 590 592 levels. So, I will not take any shorts yet. If 592 is broken, then I will look for 586-584 as target. That represents 38% to 50% retracement for the rise 567.89 to 600.17. 585 at the moment is also 100 averages in 60 minutes time frame.
AMEX:SPYShort
by RiderTrader
3
SPY Tipping Point: Key Supply and Demand Zones with Entry, ExitSPY is at a critical juncture, balancing between strong support and resistance zones. This analysis dives into actionable price levels, key zones, and setups for both scalping and swing trading. Let’s see where SPY might head next. Market Structure Overview: SPY has been consolidating near the $598 level, showing a tug-of-war between buyers and sellers. This range-bound behavior typically suggests a buildup for a potential breakout or breakdown. With a slight bearish tilt in recent price action, SPY appears to be preparing for a directional move soon. Key Zones: Demand Zone (Support): $594.42 - $596 This is a critical area where buyers have consistently stepped in, providing strong support. If SPY reaches this zone and holds, it could present an ideal entry for a long scalp. However, a breakdown here might signal a larger downward move. Supply Zone (Resistance): $600.99 - $602 The $601-$602 level has acted as a cap for recent rallies. A break and close above this zone could attract further buying interest, targeting higher levels. Order Block Insight: SPY has a visible order block around $598. This level is seeing substantial buying and selling pressure, indicating that institutional players may be active here. Price action at this block could offer clues on short-term direction. Support & Resistance with Entry, Exit, and Stop Suggestions: Immediate Support: $596 Long Entry: Around $596 if there’s a clear bounce, aiming for exits at $598 and $600. Stop-Loss: Below $595 to manage risk if SPY breaks lower. Immediate Resistance: $598 Short Entry: Near $598 if there’s rejection, with targets at $596 and $594.42. Stop-Loss: Above $599 to protect against a reversal. Swing Trade Setup: Swing Long: Above $602, with targets at $604 and $607. This breakout could indicate a bullish trend continuation. Stop-Loss: Below $600 to reduce downside risk. Swing Short: Below $594.42, targeting $592, then $590 if selling pressure intensifies. Stop-Loss: Above $596 to control risk if SPY reverses. Price Action Insights: The recent price action suggests a slight bearish bias as SPY struggles to break $598 consistently. This range compression could mean a breakout is nearing, likely fueled by an increase in volume. SPY’s inability to decisively clear $600 aligns with the MACD, which has recently shown a bearish crossover. Indicator Analysis (9 EMA & 21 EMA): SPY is currently trading around the 9 EMA, with the 21 EMA above it, providing added resistance. A cross of the 9 EMA above the 21 EMA could be a bullish signal, prompting scalpers to look for quick longs. Until then, staying cautious on longs within this tight range is advisable. Scalping & Swing Outlook: Scalping: Look for quick short entries around $598 with exits near $596 or long entries around $596 targeting $598. Use tight stops given SPY’s choppy behavior. Swing: A clear break above $602 or below $594 could provide a more definitive trend. Until then, patience is essential to avoid getting caught in fakeouts. Directional Thoughts & Suggestions: SPY’s current setup suggests a slight downside bias, but the tight range hints at an impending breakout. Watching reactions at $598 and $596 will be crucial. I lean towards a bearish direction if $594 breaks, targeting $592 as the next support. However, a break above $602 would invalidate this view and favor a bullish continuation to higher levels. Conclusion: SPY’s setup highlights a battle at key levels, making disciplined entries and stops crucial. Patience for confirmed breaks will improve trade accuracy, especially for swing setups. This environment suits scalpers who can capitalize on tight ranges and quick exits. Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research and consult with a financial advisor. Trading involves risks, and past performance does not guarantee future results.
AMEX:SPY
by BullBearInsights
SPY/QQQ Plan Your Trade For 11-13 : Consolidation PatternToday's SPY Cycle Pattern is a Consolidation pattern. I believe the SPY will continue to attempt to form a "rolling top" pattern over the next few days and attempt to move into my Anomaly event over the next 15+ days. This Anomaly event is likely to prompt a fairly strong downward trend related to the recent post-election rally. I believe Gold and Silver MAY HAVE found the ultimate low. It sure looks like Gold and Silver are attempting to base with a near-perfect Excess Phase Peak pattern Ultimate Low setup. Time will tell. If gold and silver fall further, the rallying of the US dollar will likely be the cause. I'm watching BTCUSD for a toping formation as I spent quite a bit of time going over the dual Excess Phase Peak pattern in BTCUSD. This is very interesting because it aligns with Fibonacci Price Theory very cleanly. Today, it seems traders can kind of take a break from the markets. If my analysis is correct, today will be a fairly quiet Consolidation day - where price attempts to trade in a bit of a sideways price mode - searching for the next big move. Pay attention to the BTCUSD chart where I highlight the 13:00 to 15:00 ET Flag Apex time. It appears BTCUSD may move into a volatile price phase near this time - possibly associated with some news or event. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
Technical Analysis of SPY (S&P 500 ETF Trust) for Nov. 12, 2024Overview: SPY is currently testing a significant resistance level following a notable rally from late October lows. The ETF has shown sustained upward momentum on the hourly chart, respecting the trendline drawn since the breakout. However, momentum indicators suggest the rally may be facing exhaustion. Traders should be on alert for either a breakout continuation or a potential pullback, depending on upcoming price action around this resistance area. Key Levels to Watch: Resistance Levels: $601.05: A critical resistance level that SPY is currently testing. A break above this could lead to further bullish momentum. $610.00: If SPY breaks above $601.05 with volume, $610.00 could be the next target for bulls. Support Levels: $589.84: The immediate support level. A break below this could signal a weakening trend and may indicate a retracement. $578.35: A more substantial support level to watch in case of a pullback, marking previous consolidation before the recent run-up. Indicators and Trends: Moving Averages (EMA 9 & 21): The EMAs on this chart have been a good gauge of trend direction, with the price remaining above both the 9 and 21 EMAs, which currently act as dynamic supports. As long as SPY trades above these EMAs, the short-term trend remains bullish. Volume Analysis: Volume shows signs of declining as SPY approaches resistance, indicating potential buyer fatigue. A breakout with strong volume would suggest conviction among buyers, while a drop-off in volume could lead to a consolidation phase or even a reversal. MACD Indicator: The MACD shows a potential bearish crossover on the hourly chart, hinting at a slowing momentum. Traders should monitor this closely; if it crosses below the signal line, it could reinforce a bearish outlook, potentially initiating a retracement towards the support levels. Trade Strategy and Actionable Insights: For Bullish Traders: Look for a confirmed breakout above the $601.05 level with above-average volume. If this occurs, consider entering a long position with an initial target around $610.00. To manage risk, set a stop-loss slightly below $589.84, as this level marks the closest support. For Bearish Traders: Watch for signs of weakness, such as a rejection at $601.05 or a drop below $589.84. If SPY fails to break out and begins showing bearish signals, short positions could be taken with a target towards the $578.35 level. Set stops just above the $601.05 resistance to limit potential losses if the breakout resumes. Final Thoughts: This is a pivotal point for SPY. A breakout above resistance with volume could propel SPY into new highs, while a rejection could spark a short-term pullback. Traders should closely monitor price action around these levels, as it will likely provide clearer guidance on the next trend direction. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and it's essential to do your research or consult with a financial advisor before making investment decisions.
AMEX:SPY
by BullBearInsights
4