Bull & Bear Top Options February Week 1AMEX:SPY
Weekly Options 2/4/2025
We are still trading in the same range as last week from $591 to $605. This week we will trade this same range using 15 to 30 minute candle closes for confirmation and stop-loss.
$605 Call 2/18 or 2/21
Entry: Breakout over $600, buy off retest
Targets🎯: $603, $605, $608
$595 Put 2/18 or 2/21
Entry: Breakdown under $600, buy off retest rejection
Targets🎯: $595, $593, $591
SPY trade ideas
$SPY February 4 2025AMEX:SPY February 4 2025
15 Minutes
Yesterday Gap down was not held.
590 was protected.
The number to watch at the moment is 586 on downside.
For the fall 609.72 to 590.5 602 is 61.8% retracement.
Since AMEX:SPY below all moving average 602 will provide a good level to short today.
If we take the last rise 590.5 to 600.29 594-595 will be good level to go long for 600-602 level as target SL 592.
Spy ideaI would be bullish if only the macd didnt look that bad very bad divergence and price is within channel but its getting olmost vertical non stop . As soon as this channel breaks we will se a correction. I dont know what will trigger it but i think it will happen end of month . Is 610 resistance dont hold 640 would ve the ultimate short. Not an advise
$SPY to new ATHs? Double-bottom off Dec24 VALAMEX:SPY is shrugging off the tariffs while companies continue to beat earnings, good manufacturing data today, along with bulls BTFD x2 off the DEC24 volume profile's VAL. Harmonic bros unite, not sure if it's valid but looks great to me. The market will learn to digest the erratic tweets from the POTUS.
$SPY Trading Range for Monday Jan 3rdAll right this trading range is based on the one standard standard deviation movement off of Friday’s closee
We gapped down underneath the downward facing one hour 200 moving average into the up gap from January 17 which was a previous support on January 27. Now we are underneath it. We’re making lower lows and we also gapped underneath the 30 minute two hundreds moving average and the 50 day moving average so look to those levels as resistance for now. Below us we have an island gap that needs to be filled and it’s really close. I wouldn’t be surprised if we head there next .
SPY/QQQ Plan Your Trade Feb 3, 2025 Afternoon UpdateWell, it seems everyone did quite well playing my prediction of a breakdown (again) in the markets today. Last week, I continued to warn the markets were very fragile and would likely break downward aggressively.
Of course, the political drama (tariffs) helped to move the markets a bit this weekend. But, still, it was great to hear from everyone who made a healthy profit today.
GET SOME.
I also have been getting questions about the RALLY - RALLY - (counter-trend) RALLY setting up on Tuesday, Wednesday, and Thursday this week. So, I created this video to help you understand why I believe those RALLY days will be rather muted on Wednesday/Thursday and maybe a type of topping pattern on Tuesday.
I see the markets as breaking downward (breaking away from the dual Excess Phase Peak patterns), and because of that, I see the markets should attempt to move aggressively downward over the next 15+ days. I don't see any reason for the markets to mount a big rally right now - unless we are talking about a pullback in a downtrend.
So, watch this video, pay attention to what I see, and then we'll see how things play out.
Go GET SOME. This is a true trader's market.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Uptrend for the next 10 days The market will go up for the next 10 days.
I am using the Heikin Ashi candlesticks as they:
1) show more of a directional movement within candlesticks,
2) they tend to filter out the market noise so you can see the market direction better,
3) it reduces false signals, allowing you to stay in the trade longer, and
4) gives you a smoother appearance making it easier to see trends and reversals.
Typically, I would wait until there are 2 green Heikin Ashi green candlesticks before entering.
I still tend to switch back and forth between Heikin Ashi candlesticks and regular candlesticks since regular candlesticks are what I am familiar with and have been using since I started trading.
I use the MacD, the Stock RSI and the DMI to assist me with the direction of the market.
I am anticipating a bull trend for the next while as the 30 min, 1 hour, 2 hour, 3 hour and 4 hour indicators are already looking bullish. The rest of the time frame indicators should change shortly.
I have a few targets. In the past I have said the market is usually moving about 34 points, but I think it will make a less of a move this time due to the Stock RSI only being slightly lower as it is not starting close to 0.
If you look at some of the past moves, the market moved around 20 points such as from July 1 to July 16, Oct 7 to Oct 17 and Nov. 20 to Dec 6th. As well, if you look at the Stock RSI on the daily charts, it has only declined a little. So even with it turning soon, it only has a little way to go upward.
Typically, I would wait until there are 2 green Heikin Ashi green candlesticks before entering.
I still tend to switch back and forth between Heinkin Ashi candlesticks and regular candlesticks since regular candlesticks is what I was using since I started trading and there are still some benefits I get from regular candlesticks.
The targets I have in place are:
22 point move = 616
1.618 Fibonacci move = 619.35
10 day move = Feb 12
If it hits one of these targets, I am out of my trade.
My stops are:
1) the low of the previous candlestick,
2) 2 red Heikin Ashi candlesticks,
3) a specific dollar amount of a total loss for my trade or
4) a specific dollar amount of the contract.
Happy trading everyone!
SPY/QQQ Plan Your Trade For 2-3-25 : Breakaway PatternOn a day like today, where the markets broke down with a huge GAP downward, what can I say except...
Just like I predicted.
For months I've been warning of the Jan 21-23 Inauguration peak/top that will lead to a Deep-V breakdown on Feb 9-12. And, like clockwork, the markets peaked just after January 23 and rolled downward into the breakdown phase - headed towards my Deep-V base/bottom setup near Feb 9-12.
At this point, I'm just going to sit back and collect my profits. You should be doing the same thing today - BOOK those profits.
Gold and Silver are moving into an upward CRUSH pattern. It could be very explosive.
Bitcoin has broken downward again - just like I predicted.
Over the next 30+ days, the markets will enter a very volatile and rotating price phase. Be prepared for wild price rotations.
This is a true trader's market. Go get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Bearish Sentiment Prevails: Consider Shorting SPY Next Week
- Key Insights: The current bearish trend in SPY suggests a cautious approach
for traders. With the SPY closing below critical support levels and
exhibiting patterns of weakness, market participants may want to consider
short positions, particularly if SPY continues to struggle at resistance
levels. Close monitoring of the support zones will be vital in assessing
subsequent moves.
- Price Targets:
- Next week targets:
T1: 594
T2: 590
- Stop levels:
S1: 598
S2: 601
- Recent Performance: SPY has shown a significant decline, recently closing at
601.82 after a notable drop. This continued downward movement signifies a
lack of buyer interest as bearish patterns persist. Market volatility has
spooked investors as SPY faced increased selling pressure, resulting in
lower closes both daily and weekly.
- Expert Analysis: Market sentiment is predominantly cautious due to the
prevailing bearish patterns. While some positive technical indicators have
emerged, expert opinions converge on the view that unless SPY can reclaim
vital price points above 603, further declines seem likely. Analysts advise
maintaining a disciplined approach to trading given the current landscape of
uncertainty.
- News Impact: Recent unscheduled news from China has exacerbated market
volatility, prompting considerable sell-offs in major indices including SPY.
Rising bond yields further complicate the situation as they add to market
pressures. Earnings reports from major companies such as Apple will be
closely watched as they could significantly influence SPY's direction in the
upcoming sessions.
SPY | The End of a 16-Year Bull Cycle? Major Correction Ahead?🔎 Overview:
The S&P 500 ETF (SPY) has been in a massive bull run since the 2009 bottom, forming a clear 5-wave structure based on Elliott Wave Theory. Now, the market is showing multiple top signals, suggesting that a major correction may be imminent.
📉 Key Warning Signs:
1️⃣ 5-Wave Completion:
The 5th wave is approaching a key Fibonacci extension level (0.618 of Waves 1-3), a common reversal zone for extended moves.
The previous wave count has been respected perfectly, reinforcing this structure.
2️⃣ Fibonacci Circles Alignment:
Price is reaching the outermost Fibonacci arc, a historically significant zone where reversals have occurred.
The market has reacted strongly in previous arcs, indicating this could be another turning point.
3️⃣ RSI Bearish Divergence:
The Relative Strength Index (RSI) is making lower highs while price is making higher highs—a classic bearish divergence signal.
Previous similar divergences led to major corrections, including 2000, 2008, and 2021 dips.
4️⃣ Overextended Market Conditions:
Volume is declining despite new highs, signaling weak buying pressure.
Sentiment is euphoric, typically a late-stage bull market characteristic.
📊 Possible Scenarios:
🟢 Bullish Case: If SPY breaks and sustains above the 0.786 Fibonacci level (~672), we could see an extension.
🔴 Bearish Case: A break below 600 and a weekly close under 575 would confirm the start of a major correction back to the 350-400 zone (previous wave 4 region).
🚨 Final Thoughts:
The technical evidence suggests that SPY is in a late-stage bull cycle, and the risk of a major pullback is high. While timing exact tops is difficult, long-term investors should be cautious, and traders may want to start looking at hedging strategies or taking partial profits.
📢 What’s your take? Are we near a major top, or is there more upside left? Drop your thoughts in the comments! 👇
#SPY #SP500 #StockMarket #ElliottWave #Fibonacci #RSI #BearishDivergence #Trading #Investing 🚀📉
SPY Faces Key Support Test! A Reversal or Breakdown Ahead? Jan3Technical Analysis:
1. Trend Overview:
* SPY is consolidating within an ascending wedge pattern but is now testing critical support levels near $598.
* MACD shows bearish momentum as the histogram dives deeper into negative territory.
* Stochastic RSI has entered oversold territory, hinting at a potential bounce but no confirmation yet.
2. Support and Resistance:
* Immediate Support: $598.
* Key Resistance: $610, aligned with the highest positive NETGEX wall.
3. Volume:
* The recent decline is supported by increasing volume, signaling strong selling pressure.
GEX and Options Perspective:
1. Gamma Levels:
* Resistance: $610 (highest positive NETGEX), followed by $615.
* Support: $598 and $595 as critical PUT walls with -59.64% and -67.37% negative gamma concentrations, respectively.
* Extreme Bearish Zone: Below $590, where PUT dominance may accelerate downside moves.
2. Implied Volatility and Sentiment:
* IVR: 19.4 indicates moderate volatility.
* IVx average: 15.7, showing slightly elevated implied volatility compared to historical norms.
* PUT$ dominance at 70.3% highlights bearish sentiment in the options market.
Trade Scenarios:
1. Bullish Setup:
* Entry: Above $601 with confirmation of strong buying volume.
* Target: $610, with a stretch target at $615.
* Stop-Loss: Below $598.
2. Bearish Setup:
* Entry: Below $598, confirming a breakdown from support.
* Target: $590, with an extended target at $585.
* Stop-Loss: Above $601.
Actionable Suggestion:
* Watch for a reversal signal at $598, potentially confirmed by bullish divergence on MACD and Stochastic RSI.
* In case of a breakdown, consider aligning trades with PUT-heavy zones below $595 for downside continuation.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage your risk effectively.
2/03/2025 Weekly Analysis + WatchlistSPY - Failed 2U week after going outside month the week before. Not super shocking, but now we sit in an interesting spot. The new month will open inside bar and has to either take out previous month highs (Which is ATH) or Jan Lows. Seeing that the range is pretty wide for downside, It will take less effort to make new ATH. Not that it means a whole lot, but that is something to note. Next, we see the week closed failed 2D, but is pretty much slapped right in the middle of last weeks range, so it will take an equal amount of effort to make a HH or LL. Finally, from a daily perspective we have a large failed 2U with slight PMG to the downside. We are definitely primed for a sharp corrective move Monday, but of course anything can happen, we are just much closer to seeing the bear scenario than bull. In my mind, the ideal weekly scenario is this: Monday sees sharp corrective move, taking out the PMG guys, then the rest of the week climbs, triggering the weekly 2-2 Rev, which then ideally sends us into ATH once more before seeing either BF expansion on the Month (since we would go 3-2U.), or seeing us start to come back through last months range for a larger corrective move. In the pure bear scenario, we trigger the daily reversal, head down to weekly 2-2 cont. trigger, then see if we can make progress down back through a few daily gaps, ultimately targeting prev month low for the 3-2D M. Given that we are going into a new monthly open after going 3, we could very easily just chop and go nowhere for the week seeing as we may just remain inside week with the month being inside to start out before possibly seeing control more clearly dictated in the 2nd/3rd week of Feb. Main advice regardless is to trade things that are moving early on like gappers, and anything where the month goes 2U or 2D in the first week. Avoid inside bars if possible and trade light!
Main setups for the week:
Bull:
GE - Inside D and W
ORCL - Hammer W to head back through D gap. Cautious with this one
MRVL - Weekly 2-2U. Daily gap fill to the upside after giant gap down to exhaustion risk
Bear:
BA - Shooter 3-2D weekly. Bear Revstrat daily. Daily BF looks solid.
MSFT - MoMo Shooter M, 3-2D W, Daily 2-1-2D. Check daily BF. Still has magnitude after massive ER drop
VZ - Weekly 2-2D, Daily shooter 2-1-2D, FTFC Red. Check daily BF
Neutral:
RKLB - Inside week. Nuclear Green FTFC and super crazy ATR lately
Rally Over? The Perfect Storm for a Major Pullback—Not Forever
Two years of relentless upside just met its first real threat: 25% tariffs on Mexico & Canada, 10% on China, and global backlash that isn’t fading anytime soon. Friday’s pause wasn’t hesitation—it was the market bracing for impact.
I hope I'm wrong but this does seem like the perfect setup for a multi-week (or longer) correction. Most stocks won’t be spared, just some will bleed slower.
While short-term turbulence looks inevitable, the long-term picture remains strong. The U.S. is tackling its debt aggressively, and once the dust settles, we’ll likely see the economy emerge stronger—setting the stage for another leg higher.
#S&P500 #MarketShift #BearishShortTerm #BullishLongTerm
$SPY February 3, 2025AMEX:SPY February 3, 2025
Weekly
We will consider 2 lows.
218 made in 2020 and 348 made in 2022.
Now for the move 218 to 473 to 362.
100% move for the extension i218 to 473 is 612 levels.
That is nearly achieved around 610 levels.
Now for the extension drawn from 348 to 459 to 409 1.618 extension is around 591.
This is also done.
However, in monthly time frame for the extension 218 to 479 to 348 100% extension is at 620 levels. Which is the next target.
At the moment daily is strong.
We have 9,21 and 50 converging.
100 averages are at 586 levels.
So, if any fall I expect good support around those levels.
60 Minutes.
As written earlier AMEX:SPY in a box.
Gaps, long bars need to be sorted out.
200 hourly is at 596 levels being bottom of box.
So, I will dell only below that.
For the rise 575 to 610.78 50% retracement 593 levels.
AMEX:SPY already attempted once that level and bounced back to 609 levels.
So, for the rise 594.64 to 609.96 holding 599-600 is important for uptrend to continue.
SPY: First week of FebruaryI have no opinion on SPY for next week.
The price targets and current trajectory are shared in the video.
As of now, SPY continues to follow the Bullish annual trajectory. All signs remain bullish for the most part.
The only concern is the current economic antics underway between Canada, USA and Mexico.
This situation has happened before and the market responded starkly.
Its best to remain optimistically cautious in my opinion.
That's it for now!
Safe trades everyone!
SPY Move Down Ahead! Sell!
Hello,Traders!
SPY is trading in an uptrend
So we are bullish biased
Long-term, however the index
Has hit a horizontal resistance
Level of 610.93$ and we are
Already seeing a local bearish
Pullback from the level
So we will be expecting
A further local move down
Sell!
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