SPY Medium Term Price Targets $561, $583, $691-$694 looks especially strong; but likely bumpy before we get there.
SPY trade ideas
SPY Short IdeaPretty choppy day so far, but we have been grinding up all day pretty much and VX is making new all time lows once again. However, I wouldn't expect much more of a rally today, but we'll see. For now, I think SPY will fail on this retest and chop out the rest of the session.
SPY ATR LEVELS Scalp and StandardLooking for price action to come at these levels with volume, Papa Powell gonna bust us to higher highs or lower lows.... Lets see
Plan Your Trade July 2 - The Big Rally Day Is Here.This continued series highlighting my SPY Cycle Patterns continues this week.
Today, the Rally pattern is in Trend mode. This usually suggests a powerful potential for a moderately large upward price bar on the SPY chart.
Although, this morning, we are seeing a moderately high pre-market price below yesterday's closing price. Does this negate the Rally pattern?
Nope. The pattern is fixed. It will either become successful or fail.
Remember, these SPY Cycle Patterns have a (roughly) 70% to 80% success rate. Thus, we can rely on them for guidance, but we must always prepare for potential failure (just like when making trading decisions).
I'm sticking to the SPY Cycle Patterns today. I'm not worried about the deep, lower opening price right now. However, this profoundly lower pre-market price could prompt a substantial"wash-out" event for the shorts when the market shifts to the regular session.
It seems that today is going to be a "make or break" day. Watch this video to see how I will play today's price action.
Go get some.
SPY - out of gas, bears winYou can see that AMEX:SPY is falling away from the upper Bollinger Band, and MACD has signaled that selling pressure is building.
SPY 547 LevelIf Spy can break above 547 with volume I think we can push to 550 level but if we reject from there I think by the end of the next week we fill the 536 gap.
double top SPY chartSPY hit ATH's then double topped.
Expecting a pullback to 520-=500ish then continuation upward through July after the 4th.
Quarterly and 6 month: SPY, SPX and ESAs promised, I am sharing the quarterly and 6 month levels including the High prob targets.
Hope you enjoy, leave your questions below and safe trades!
SPY: Beware of These Reversal Patterns!In the daily chart of the SPY, a potential double top pattern is forming, signaling a bearish reversal. The key resistance level for this pattern is around 550.12, where the price has failed to break through on two recent occasions, marked by red arrows.
This level is critical for traders to watch as it represents a significant hurdle for any upward momentum. If SPY fails to close above this resistance, it might lead to a bearish breakdown towards the neckline support at 542.62. A break below this level would confirm the double top pattern, potentially leading to a further decline towards the next support around 533.07.
On the weekly chart, a gravestone doji pattern has emerged, a strong bearish reversal signal, especially after a sustained uptrend. This pattern indicates that buyers were unable to maintain higher prices, leading to a close near the week's low.
The gravestone doji, appearing near the resistance level around 550.12, reinforces the bearish outlook suggested by the daily double top pattern. If the bearish sentiment persists, the first significant support to monitor is the 21-week EMA, which has historically provided dynamic support during uptrends.
Integrating the daily and weekly charts, SPY is at a crucial juncture. The double top pattern on the daily chart and the gravestone doji on the weekly chart both indicate potential bearish pressure. If you are bullish, a decisive close above 550.12 would invalidate the double top and suggest a continuation of the uptrend. However, the current technical indicators favor a bearish scenario, with the potential for a significant correction if key support levels are breached. For now, we should closely monitor these critical levels to gauge SPY's next move, balancing the bearish signals with the potential for bullish invalidation.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
SPY ready to dive a bit!SPY bearish harmonic pattern supported by relative volume. aiming for target 4 here@! let's get it 💵🤘🏻🤑
SPY 07-01 ATR Standard and Scalp levelsLets see how it goes when price action and volume hit these areas and levels
SPY JULY 1 2024SPY needs to go up. If it closes below DDZ demand zone box, then your SL has been defined and we are aiming for $556+ soon.
If you have any questions feel free to ask.
Plan Your Trade 7-1-24 - Get Ready For A Rally.This continuation of my Plan Your Trade video series highlights the potential price rotation we'll see today with the big CRUSH pattern. Next week, I believe, will result in a substantial rally phase throughout the week of July 4th.
Today's counter-trend rally pattern will likely result in an early trading rotation, leading to an upward price trend that will build momentum throughout the week. Remember, we have a holiday on Thursday that may pause the rally a bit late Wednesday.
This new swing into a Rally-Rally-Rally phase with the SPY Cycle Patterns is fantastic for day traders and intraday swing trading.
Watch the video today and prepare for the big moves this week. Overall, nothing has changed. Price is rotating into a rally phase ahead of Q2:2024 earnings.
Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends.
Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now.
Let me know what you think in the comments.
Go make some money today.
$SPY & CRE PanicIgnoring mainstream news and whatever and only using my data i'm seeing that CRE is experiencing unknown trouble. While SPY and other indices have been pumping possibly thanks to NVDA, CRE has been experiencing big trouble.
I think CRE trouble may spill over to the rest of the market as some kind of SVB/SIVB-like event sometime soon e.g June/July and will end at the start-mid August.
In my data below there's a big gap between SPY & CRE. When this gap first started forming, SPY did follow CRE data downwards but then got saved by... i dunno NVDA, the rest of the market... no idea. imgur.com
Point is the gap still exists and gaps are always fulfilled by being closed off one way or another.
"In a deep pub Clive British voice": I recon SPY goes down soon.
There's a chance we triple top on SPY before anything actually happens e.g we visit $523, then back up to $535, then after some consolidation finally break downwards to the $465's area. Actually hoping we this current double top resolves starting now and we do a quick visit to $465 before rebounding back upwards.
Thanks for attending this Ted talk.
SPY LONGExperimenting with options - 9 x 550 Calls expiring on 7/5.
Why?
We are in an uptrend.
Trendline broken.
Wyckoff accumulation.
Bouncing from demand zone.
SPY S&P 500 ETF revised Price Target for the end of the yearIf you didn't purchase SPY at the start of this year:
I initially set a price target of $540 at the beginning of this year, but upon reflection, I find that projection to have been overly cautious. I am now adjusting my forecast upward to $560. This revision stems from my belief that we are entering a significant supercycle in the stock market, particularly fueled by advancements in artificial intelligence technologies.
The current market conditions may prompt a temporary pullback due to levels of overbought assets. However, my overall outlook remains extremely optimistic about the broader market trajectory. I see continued strength and potential for growth, especially driven by the ongoing innovations and developments within the AI sector.
As investors navigate through potential short-term fluctuations, I maintain a bullish stance, anticipating robust performance and opportunities in the market as we progress through the year.
SPY Launching To $600+ - Then $730+. Get Ready.Have you been following my research?
Do you remember when I called a major base/bottom on 12-28-2022?
Do you remember when I stated, "The capitulation bottom will surprise traders" on 3-20-23?
Do you remember when I called for a "Tech-Bump" rally on 3-25-23?
Do you remember when I updated that peak potential to $425 on 4-26-23?
Do you remember when I stated, "The capital shift intensifies" on 6-25-23?
Do you remember when I warned of a China Credit Event/Crisis happening in 2024 on 8-20-23?
Do you remember when I warned, "US Markets May Double By 2029-30" on 4-21-24?
Now, almost 15+ months after all of these updates/warnings/videos, I ask you to take a look at what's happened in the markets and prepare for the biggest opportunity of your life.
Yes, I see the US indexes (SPY, Nasdaq, Dow Jones, and possibly the Russell 2000) potentially doubling (or more) before 2030-31.
Yes, I see the SPY rallying to levels above $730 in 2025, then stalling into a WAVE-B correction.
Are you ready for something different - factual data reported honestly and with a proven track record? Not hype. Not doom-n-gloom (CRASH posters).
My research is designed to help guide you through the next 10+ years of your life - protecting your assets, learning to become a more skilled trader/investor, and learning to rely on proven technology/concepts.
Are you ready for what's next? Maybe you need to try something different?
Spy 20maNext week or 2weeks and we should see price correct back to 20sma for Spy and Qqq..
Spy has broken uptrend from May 30th low (Yellow channel). 20sma is near 536 gap so that will be your target.. price could dip below 535 to test trendline support but unless we break 533 or trendline support they'll buy it up..
The sectors look weird.. I'll give you an example...
XLC (Googl,NFLX,Meta)
Looks like it's has one more leg up to ATH at 86
On the other hand
SMH (Nvda, Avgo)
Looks to be pulling back to its 20sma where it's has bounce the last 6 out of 7 times.
So what I think will happen will be an overall pullback with enough big names selling to over power the few they will Prop up. Imagine Aapl, Nvda, and Msft red but googl , Amzn ,Tsla, and Adbe green.
Over to Cylicals and you'll see the breadth of the market is at an inflection point...
Look at NYA here which is mostly Smallcaps and Financials
Daily chart
Closed right above trendline but right below smaller yellow resistance.. if price breaks above yellow resistance then we NYA will rally. If price rejects and closes back below 20sma then cylicals, Banks, iwm will continue to sell
Here's XLF (Banks) sector here.. As u can see it's identical to NYA
Here's IXIC or Nasdaq..
Look for price to correct back to 20sma Similar to XLK and SMH.. I don't think price will break this wedge just yet.. Most likely a buy up at 20sma and then a rally to a New high.
Overall I think the spy and qqq pullback this week to the 20sma but the price action will be tricky; there will be mix moves on big tech
Aapl lower to 200
Nvda lower to 120
Nflx 700 or ATH
Adbe 550-570
Lastly the Dow jones or DJI
Price action looks like 40k+ incoming.. we either start the week with a pullback to the 20/50sma then rally or this thing just pumps from the onset
monthly RSI for spyWhenever we hit that line it's game over. I think the run ends in July. Act accordingly.
SPY Summer PullbackThe recent low levels of liquidity may become more prevalent moving into the summer time as vacation time for many nears.
I am also waiting to hear the decision from the Bank Of Canada as well as other major banks around the world about the start of quantitative easing and lowering interest rates as soon as June.
The only problem with this, is the increasing value of the USD/DXY which may begin to strengthen against other currencies whom begin their devaluation.
Because the markets are generally measured relative to the dollar, a stronger DXY may provide the market with some downside in the summer months.
We do have some gaps (inefficiency) below at approx. 505-510 on the SPY. Interestingly or not , the golden 0.618 golden fib overlaps perfectly in these potential support zones.
I do not quite see the larger probability of a major market crash during an election year at the moment, and the longer term trend is still bullish.
Lets see how things play out
SPY - Bearish MACD Crossover Most of us agree that AMEX:SPY is overbought. We've seen it bounce off the upper Bollinger Band, only to gain more momentum and hit yet another ATH. Well now, MACD is starting to show some downward pressure. Will it stick? Time will tell. Personally, I'm starting to sell calls a little more closer to the money.
SPY Double Top at 550SPY double top at 550 signaling a short term pullback. This analysis is for informational purposes only.
SPY Weekly OutlookMany of you are confused on the recent price action of the market.
When in doubt, zoom out.
Pay attention to the next fib level and pay attention to GOLD & OIL.
Feds only cut rates during market turmoil not during bull runs.
To keep it SHORT and sweet. It doesn't end well for risk assets.
On the other hand, have you seen the prices of cocoa??? Insane!
