$SPY Bearish Divergence on Weekly RSI AMEX:SPY Bearish Divergence on Weekly RSI With a rejection here at the MA of the RSI. We might have hit a wall here in the technicals. Shortby SPYder_QQQueen_Trading1110
Expired SPY Weekly outlook. 1st WK OCT 2024Expired SPY Weekly outlook. 1st WK OCT 2024 > BULLISH 📈 HIT Prior Week Closed Price: 571.47 This Week Target Price: 573 Strike Price: 574.36 on SEP 30, 2024 Upper Range: 582 Lower Range: 564Longby putIQ1
SPY Advanced Analysis by Deno Trading: What’s Next for the S&P 5Let’s dive into the SPY analysis across multiple timeframes, looking for key insights on where the market could be headed. I’ll break it down step by step so it’s easier to follow along. 30-Minute Chart Overview: Current Price Action: We’re sitting around $569, and what’s really interesting is that SPY has been consolidating after hitting a recent high of $570. The market is in a bit of a tug-of-war between bulls and bears, and we’re right at a pivotal level. Key Resistance: The $570 - $574 zone is a major resistance level. Every time we’ve tested it recently, we’ve seen the market pull back, indicating strong selling pressure. This zone is critical, and we’ll need to break above it with volume to see any further upside. Support: On the downside, the first level of support is around $565, followed by $561, which aligns with the 50-period moving average on the 30-minute chart. If the price breaks below this level, we could see further downside pressure. 4-Hour Chart Insights: Moving Average Support: On the 4-hour chart, we’re seeing strong support at $561, where the 50-period moving average has been acting as a floor for recent price action. As long as SPY holds this level, the bulls still have a chance to regain control. Potential Bullish Scenario: If the price holds $561 and pushes higher, a break above $574 could take us to new highs for the year, potentially testing levels above $580. Bearish Case: If we fail to hold $561, I’d expect a move down towards $552, where the next level of support lies. This level has acted as both resistance and support in the past, making it an important area to watch. Daily Chart Breakdown: Longer-Term Uptrend: The daily chart shows that SPY is still in a broader uptrend, holding above the 200-day moving average, currently sitting around $552. This level has provided a solid base throughout the year, so as long as we remain above it, the long-term trend remains bullish. Current Resistance: The $570 - $574 resistance zone is evident here as well. This level marks the highs from September, and breaking it would signal the market’s willingness to push towards $580 and beyond. Weekly Chart for Perspective: Larger Timeframe: The weekly chart tells a similar story. We’re hovering around $570, right at a major resistance level. The 50-week moving average, sitting around $512, is well below the current price, suggesting we still have a cushion before a significant breakdown would occur. What to Watch: If we break $574 on the weekly chart, we could see a massive bullish continuation. However, failure to break this level could lead to a bigger pullback to $550 or even $530 in the weeks ahead. Conclusion & What I’m Watching: Bullish Breakout Scenario: If SPY breaks above $574 with strong volume, we could see a rally towards $580 or higher. This would confirm that buyers are back in control. Bearish Rejection Scenario: On the flip side, failure to break this resistance could lead to a pullback towards $561 or even $552. If we break below those levels, the bearish case strengthens, and we could see further downside. Final Thoughts: Right now, we’re at a pivotal point. The next few trading sessions will determine whether we’re gearing up for a breakout or a more significant pullback. I’m watching the $570 - $574 level closely for signs of either bullish continuation or rejection.17:29by Deno_Trading1
Monitoring 30m and 5m Structure for 3h PullbackThe 30m swing remains bullish, but with the recent 3h BOS I’m waiting for the 30m swing to flip bearish to facilitate the 3h pullback. On the 5m chart, the internal structure is bearish and could continue to break the 30m swing low to begin the pullback. If the internal structure flips bullish, I would target the weak 30m swing high instead.Shortby crisobsidian0
SPY is about to complete its blow-off topThe current atmosphere is of extreme fear. However VIX has not spiked as much as anticipated and a significant amount of assets are either completely oversold or seemingly getting ready to short squeeze (see GME, DJT, BTC). Looking at the chart, the top also seems incomplete. US elections are forthcoming, and global M2 supply is rising. I cannot currently see the bear case yet, but with the amount of shorts and puts that have accumulated in a panic-driven fashion during last week any upside move would lead to immediate and violent upside continuation. Extreme R:R for those who dare. Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.Longby variable_not_definedUpdated 118
SPY 09/13Perfect followthrough, right on track for the blow-off top idea. Stoploss and TP are approximate and not recommendations. Expect volatility. Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.Longby variable_not_definedUpdated 2
So tell me how did this turn workout SPIRALSThe chart posted is my work back in june calling for a event on or about july 11 to the 18th . Next turn is 10/11 to 10/19 by wavetimer117
SPY/QQQ Plan Your Trade 10-2 CRUSH Pattern UpdateThe SPY is searching and seeking support early in trading today. I believe this attempt to find support will fail, and the price will continue downward, attempting to find lower support. Watch this video as price attempts to identify direction and trend. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Short13:14by BradMatheny4420
$SPY Today’s Trading range Oct 2nd 2024AMEX:SPY Today’s Trading range Oct 2nd 2024 Today’s Trading range we have a bit of support near the bottom of the trading range…. I’m starting to look for strikes in that green gap Where do you think we will see low of the day. 563/542 bull put spreads on the day look nice.. Awwww yeah… Gl y’allby SPYder_QQQueen_Trading117
SPY/QQQ Plan Your Trade For 10-2 : CRUSH Pattern TodayPlease take a minute to watch this video related to my SPY Cycle Patterns and today's CRUSH pattern. Although I expect the markets to find support over the next 2-3 days and resume the rally higher, today's CRUSH pattern will likely prompt the markets to sell downward, looking for support. I've clearly laid out the rotations I expect for the SPY/QQQ, and Gold/Silver in this video. I've also shown why I believe BTCUSD will struggle to move away from the $57k to $61k level over the next 10 to 15+ days. It is likely trapped in a rolling base/bottom pattern, moving into the Flagging stage of the Excess Phase Peak pattern. The markets are struggling for direction right now, but I believe the outcome for the SPY/QQQ is still bullish and I believe Gold and Silver will make a very big move higher into the end of this year. Bitcoin is another story. It is searching for support and may break downward if this Excess Phase Peak pattern unfolds correctly. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Short26:06by BradMatheny447
SPY - Short term short shortyA small 1h timeframe that seems to suit the current narrative. Possible low tomorrow. Fractal is from Aug 28 to Sept 12. I think ultimately we end up 565 Oct 3rd and 560 by the 8th. I have 565 strike puts from a couple days ago. I’m not so sure on the lighter green fractal at 550 or so. That’s a longer shot. Be well. MR Shortby Mr_Robbers114
Q4 Kickoff - US down, VIX Up, Oil Drama, China RipQuick video recap to highlight what's the latest and greatest in the markets. Oct 1 - Happy Q4 US Big Tech in "big red" today US Energy in "big green" today - thanks for a wild bid on USOIL China continues to rip "green" and it's playing catchup quickly US will have to deal with employment news, inflation news, earnings news, all before the US Election and Nov 7 FOMC Rate Decision (expecting another 25 bps cut) Major levels to the downside if there's a US market pullback, FOMC lows, gap fills, and up trendline levels (50 period SMA, 100 period SMA, 200 period SMA) but we'll see Stay frosty out there :) Thanks for watching!!!14:05by ChrisPulver2263
SPY LONG FROM SUPPORT| ✅SPY is trading in an uptrend But the price was making a Local correction, however The horizontal support of 564.00$ Is ahead and after the retest We will be expecting a Further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx112
SPY/QQQ Plan Your Trade For 10-1 : Amazing Harami PatternI wanted to create a video highlighting some of the success my SPY Cycle Patterns have had over the past few weeks and months for all of you. Many of you don't comment on my videos but follow my research intently. I see my videos getting 250 to 400+ views daily - so I know many of you are seeing my content. And that makes me happy because I'm doing this to help you become a better, more skilled trader. Yet, after the last few days of price rotation, and particularly today's big news day, I'm absolutely amazed that if the SPY closes above 750.45, we may end up with a true Harami-Inside price pattern. I want all of you to consider something for just a few minutes. My SPY Cycle Patterns are built on Fibonacci and GANN technology, which attempts to map out price patterns in a matrix. From this matrix, I can develop complex lookup engines (an inference engine) that attempt to map the current price pattern with known data from the matrix. By doing this, I can map out any construct or type of price action/pattern that happens within price—now, in the past, or in the future. And, with my complex inference engine, I can map the Fibonacci/GANN structures nearly forever into the future. For example, here are the SPY Price Patterns for the first two weeks in November 2036... 11/1/2036 Top/Resistance 11/2/2036 GAP Potential 11/3/2036 GAP-Reversal 11/4/2036 GAP/BreakAway 11/5/2036 Break-Away 11/6/2036 Carryover 11/7/2036 Inside-Breakaway 11/8/2036 Break-Away 11/9/2036 WeekendGap/WeekdayFlat 11/10/2036 GapUp-Lower 11/11/2036 GAP/BreakAway 11/12/2036 Harami-Inside 11/13/2036 CRUSH 11/14/2036 GAP Potential 11/15/2036 Top/Resistance21 What amazes me is that these patterns are predicted more than 3 to 5+ years before the actual price moves. Like today's Harami pattern, I'm amazed that my SPY Cycle patterns could attempt to accurately predict a Harami-Inside price pattern 3+ years in advance of it happening. I don't know anyone on the planet who can do this research and attempt to accurately map out future price trends/moves/setups like this. Watch this video and see why learning to use my SPY Cycle Patterns is absolutely incredible. I'm going to work on a QQQ version next. Let's go get some profits together. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long22:32by BradMatheny116
Monitoring 30m and 5m Structure for 3h PullbackThe 30m swing remains bullish, but with the recent 3h BOS I’m waiting for the 30m swing to flip bearish to facilitate the 3h pullback. On the 5m chart, the internal structure is bearish and could continue to break the 30m swing low to begin the pullback. If the internal structure flips bullish, I would target the weak 30m swing high instead.Shortby crisobsidian0
Bear or Bull? We got bothAMEX:SPY 📊 AMEX:SPY Options Range: $572 to $574.73 📜 $574 CALL 10/18 Entry: 15-30 min CLOSE ABOVE $574.73 Target: $578 📜 $574 PUT 10/18 Entry: Rejection and 15-30 min CLOSE BELOW $574.73 Target: $572, Trend support (Currently at $571) A rare occurrence of a green September. We expect extremely high volatility over the next 4-6 weeks, especially considering the election and the polarizing nature of the candidates. We could see heavy volatility within the semiconductor space. A 10-15% pullback in semiconductors would also bring down the major indices as they are a heavy component. We have seen how fragile this market is (8/5/24). Last week, our call went for 60%+. This week, let's see. by PennyBois1
SPY/QQQ Plan Your Trade For 10-1 : Harami-Inside PatternToday's video spends quite a bit of time going over the next 8+ trading days and why I expect the markets to continue to move upward - with the SPY targeting 595-605. What is important to understand is that outside new events can disrupt my SPY Cycle Patterns. So, this new move by Israel to encroach into Lebanon may present some real disruptions in price activity. But, ignoring that potential news suggests my price patterns will show price ultimately wants to melt upward. My own personal opinion is the world has already discounted The continuing conflicts between Israel and these terrorist groups. I believe the world already knows Israel will do what is necessary to prevent further rocket/other attacks from these groups. And that's that. So, I don't see it being a big distraction for the markets. In fact, I see it as the natural order of how things must play out to reach a conclusion. And I see the world's global markets moving higher as a result of these conflicts and the pending US elections. Follow my research and ... Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long24:28by BradMatheny333
$SPY October 1, 2024AMEX:SPY October 1, 2024 15 Minutes. AMEX:SPY had retraced to 568 levels being 9 EMA in daily. And gave 6-point move. For the day due to long bars 571 572 must hold today. Holding this we can expect 578-580 levels as first target. Today should be sideways top sort out the 2 longs bars. No Trade Day for meby RiderTrader141417
$SPY Tomorrow’s Trading range Oct 1st 2024AMEX:SPY Tomorrow’s Trading range Oct 1st 2024 Alright, y’all… support is at 569 and resistance is at 575, the 35EMA is underneath us and we have an implied move of .66% Awwww yeahby SPYder_QQQueen_Trading116
SPY Update TA $ Ready for tomorrow. Come to make money. Oct,1 1. Trend Analysis: SPY appears to be trading within a consolidation range, bounded by resistance at around $575.00 and support near $569.90. There’s a symmetrical triangle formation on the chart, with the price nearing the apex. This pattern suggests that a breakout or breakdown is likely in the near term. 2. Support and Resistance Levels: Support Levels: $571.47: The price is currently testing this level, which seems to be acting as support. $569.90: A strong horizontal support zone. If broken, the price could fall towards the lower support around $567.64. $567.64: Major support zone to watch for if a breakdown occurs below $570. Resistance Levels: $573.24: Immediate resistance, currently near the middle of the consolidation range. $574.22: Stronger resistance and key level to watch for a breakout. $575.00-$576.07: The upper resistance zone and key target in case of a bullish breakout. 3. Price Action: Symmetrical Triangle: Price action is squeezed within this pattern, which suggests indecision. A breakout or breakdown from the triangle will determine tomorrow’s directional bias. If the price breaks above $573.24, expect a continuation towards $574.22 and possibly $575.00. A breakout above the $575 area would signal bullish momentum. Conversely, if the price falls below $571.47 and especially $569.90, a bearish move could be confirmed, with potential targets around $567.64 and lower. 4. Entry/Exit Strategy: Bullish Entry: Consider a long position if SPY breaks above $573.24, targeting $574.22 and $575.00. Set a stop loss just below $571.47 to protect against a false breakout. Bearish Entry: A short position can be taken if SPY breaks below $569.90, with targets around $567.64 and $565.00. A stop loss can be placed just above $571.47. 5. Directional Bias: Neutral to Bearish: Given the consolidation and proximity to support, the directional bias leans slightly bearish. However, since the price is within a symmetrical triangle, the key lies in waiting for a breakout or breakdown. Watch the $571.47 and $573.24 levels closely for confirmation of the trend for tomorrow’s trading session. A break of either of these levels will likely set the direction.by BullBearInsights3
SPY Trend BreakSPY broke below its uptrend from about two weeks ago and also briefly fell below the critical $570 area. Instant response from bulls so far. Bears need to hold this here and keep it under $570 or else it's likely we'll see a squeeze back up to ATH. First downside target is a previous low around $565.by AdvancedPlays2
Spy SHORT I beginI just took a small starter short position, but will get more short if the alert line is traversed. Control risk, this is a up trend, i am 100% taking first real signal. even if weak.Shortby alleytrader2
SPY breaks another upward trendSPY has broken two upward trends in this recent rally giving less momentum each time it breaks Ended old upward rally on Sept 23, going into new rally with reduced momentum The latest rally has now been broken again MACD very close to going into a bearish sell off RSI breaks below the 50 line We may expect SPY to trade flat for a little bit of time in the distribution phase of its rally cycle, before the bears take hold.Shortby ratchet-mint1