SPY SELL++++Many stocks in SPY have printed SELL signals or will be printing SELL in the coming day(s) which means SPY will go lower. First target Fib .618 $539.88 in coming days, not weeks
SPY trade ideas
SPY/QQQ Plan Your Trade For 7-17 - SPY Looking For SupportPlease watch this video as we see the markets move into a Counter-trend Major CRUSH tomorrow.
We may see a very large reversion in price (upward) tomorrow. I'm looking for price to reject recent lows and move higher. Then, I'm expecting price to reject recent highs (from 7-16) and move downward tomorrow.
After that big rotation, I believe the price will move into a downward consolidation phase, attempting to build a FLAG before starting a big upward move near July 22~24.
Please know the strong potential for huge price swings over 24 to 48 hours. Then, we move into a more consolidated/contracted price channel (FLAGGING).
I'll post more later. Watch for price to build support and attempt to move higher into the close.
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SPY/QQQ Plan Your Trade 7-17 Opening Price Update - BreakdownI created this short video to help you understand we are still cautious of a continued breakdown in price - retesting deeper support.
The breakdown pattern I suggested would happen based on my SPY Cycle Patterns played out perfectly this morning.
I expect a type of "V" shaped bottom/base to be set up, but I believe the SPY/QQQ may continue to push downward - attempting to WASH OUT longs and stress the markets before rolling higher into the close today and going much higher tomorrow.
Please pay attention to my research.
I have to say, the past few weeks of sharing my SPY Cycle Patterns on TV and trying to prove the validity of my technology have been very exciting. There is nothing like putting your neck on the chopping block by making bold predictions for price and watching to see what happens.
I was either going to find my patterns work - or find out they don't work.
Pay attention to this video because we may have more downward price trending before we find a bottom.
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07/17 SPY ATR Levels and RangeCurrent ATR showing at 4.50 increasing ever so slightly from last week and so far increase for this week.
if we lopse these levels look for 554.19 Needing to seriously defend this level this could be a possible bounce area, if not we find the high 550.20 level for a bounce.
Preferable to keep within this quarter I would like to see a bounce at 554.19 to push up thru -to 558.70 (Last weeks low)
If we open above 559.12 we could find some resistence at 559.63 range (this weeks low) if the want to take it higher, they may form a channel between 559.63 to 562.11/34/563.67 (564.69) for yesterdays close, after hours high and premarket high.
Whatever the possibilities are, I am looking for price action and volume.
SPY/QQQ Plan Your trade For 7-17 - Possible Breakdown PatternI'm going to keep this short and simple this morning. Yesterday, I shared about 3~4 videos related to my SPY Cycle Patterns and how the markets were setting up for this Possible Breakdown (or as I called it, the Exhaustion Breakdown) pattern.
I even took some extra time to share a late video last night trying to prepare traders for what is/was about to unfold related to today's Possible Breakdown and tomorrow's Counter-Trend Major CRUSH pattern. You can watch that video yourselves to learn what I expect.
After rolling out of bed at 3:50 this morning (California time) and taking a look at my charts, all I can say is WOW! Nailed it!
I'm continually amazed at the accuracy and capability of my SPY Cycle Patterns as well as their ability to see into the future. I don't know of any other technology that is capable of doing what my SPY Cycle Patterns are doing. And I don't believe anyone has been able to crack the code (the secrets of the markets) like I have been able to do.
Now, these patterns are not always 100% accurate. I've warned everyone in the past (and now). There will be periods where they don't align with price very well. That happens.
Watch today's video while I sit back and watch my Puts print all morning.
What a great day.
I may try to put on some Calls later today - but at this point, I'm calling this a BIG WIN.
Get some.
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$SPY July 17, 2024AMEX:SPY July 17, 2024
15 Minutes.
564 was taken out near close.
Today holding 562 I expect a target 567-568 for this move and possible 571-572 levels next week.
Oscillators need to sort out divergence.
And we have a solid 10% move in XETR:AMEX : IWM last couple days.
SPY/QQQ Cycle Pattern Update - Balancing Expectations & RisksAs part of my Plan Your Trade video series, I wanted to share some additional information on how I balance my expectations for price swings/moves with what's changing in the current market environment.
Initially, I draw my expectations based on what I see on the chart and how I interpret the SPY Cycle Patterns. From there, I watch the custom index charts I use to measure the underlying market strengths/weaknesses (behind the scenes).
Over the past 3+ days, I've been highlighting the huge moves in RSP and IYT. Traders need to understand that this strong bullish move suggests that the US market is actively relating to the end of 2024 and beyond.
However, the Exhaustion Breakdown pattern tomorrow (July 17) is very likely to represent a downward price move many traders have already positioned for. Although I expect the downward price move to stay under 2.0-2.25% from today's close, it will still be strong enough to catch some attention.
Please watch this video and pay attention to the first 10 minutes and the last 3 minutes. I want to know what all of you think of my SPY Cycle Patterns and if these videos are helping you out.
I believe the next 5+ years will be the biggest opportunity of our lives regarding how the US and global markets trend. In my attempt to help as many traders as I can, I need to hear from you. Are these videos helping you or confusing you? What could I do to improve them?
Get ready for tomorrow, and remember the next big opportunity starts on July 22 (or so).
Get Some.
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SPY I see some corrections coming soonI believe what I see in the chart and it looks like we are gonna have see some corrections?
SPY/QQQ Plan Your Trade 7-15 Mid-Day Update - Selling PressureGood afternoon everyone,
As I created this video, the SPY was stalling above $562, with lagging bullish price momentum.
In this video, I explain why the SPY & QQQ are not selling downward very hard (yet). I also explain why I believe the downward price trend (consolidation/correction) I believe will happen over the next 4+ trading days will only be a -0.75% to -2.0% downward price swing.
My analysis of how price will move relative to my SPY Cycle Patterns involves many factors. I rely on more than just the SPY Cycle Patterns; my research includes dozens of other metrics and custom indexes.
This video shows how strongly IYT and RSP are rallying right now. If you are going to daytrade any of the indexes, you need to pay attention to those symbols.
If IYT (the Transportation Index) is rallying while RSP (the Equal-weight S&P500 ETF) is rallying - guess what? You see forward solid expectations of a broad-sector US stock market rally. Yes, maybe 30 to 90+ days in the future, you may see ignored and undervalued symbols rally more than 30% because of what we see right now.
THAT is why I'm trying to share my research.
I want to help you become a better, more skilled trader. That includes learning to use technical analysis more efficiently and keeping track of many underlying key metrics to help balance your expectations.
Why would anyone want to swing hard for short trades when the IYT, RSP, and dozens of other metrics say, "the US stock market is REFLATING into a broad-sector rally phase"?
That is the question you need to ask yourself... Are you getting the best research/analysis to help you build skills you can keep for the rest of your life?
Follow my research. Take a minute to go back and watch some of my recent videos.
If you want to learn how I can predict market trends 5 to 10+ days in advance, then all you have to do is pay attention to what I show you. I read the charts/data - and then formulate my expectations based on what my SPY Cycle Patterns show me. If something changes, I may adjust my expectations a bit. But, generally, my expectations don't change very much.
Let's get started and learn how to distinguish these markets. Watch this video and learn. Watch my other videos and learn.
The next 5+ years will be the greatest opportunity of your life. Get some.
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SPY NOT OversoldNot at all!
Just these gaps (rectangles) to fill, put it in correction territory already.
Opening (IRA): SPY August 16th 498 Monied Covered Call... for a 493.42 debit.
Comments: As with my QQQ monied, re-upping in SPY after having taken profit on my August 16th 493. Here, selling the -84 delta call against, which will mean a lower max and a lower ROC %-age. Just looking to potentially milk a little more out of the August cycle (60 DTE), before moving into Sept.
Metrics:
Buying Power Effect/Break Even: 493.42
Max Profit: 4.58
ROC at Max: .93%
50% Max: 2.29
ROC at 50% Max: .46%
SPY/QQQ Plan Your Trade For 7-16 - Price Starting To FLAG OUTGood morning everyone,
Today's video should be an important warning to prepare for prices to move into a tight, consolidated, FLAGGING type of trend.
Remember, you'll hear me say price either FLAGS or TRENDS—that's it. If you understand these FLAGS are price constructs that present mechanical price structures, we can then use them to analyze future price structures. It all becomes clear that price moves in logical structures related to energy, vibration, amplitude, frequency, and cycles.
Without getting too deep into the abstract of price theory, let's focus on where to find opportunities...
Watch this video. Over the next 5+ trading days, you will find 35 very clear price swings, which I believe will provide ample opportunity for skilled traders. Beyond those 35 bigger swings, you should get ready to sit and wait (in CASH) for the bigger opportunities to set up between July 22 and 25 (for a rally to start).
Smart traders must understand you can't force the markets to move as you want. You must sit back and wait for the right opportunities for your trades (or you'll get chopped to pieces).
In this video, I've clearly laid out what I expect to see happen for the SPY/QQQ over the next 10+ days. There are still opportunities for skilled daytraders. My only warning is to START SMALL and build positions within your risk tolerance levels.
Don't swing for the fences in this market for the next 5+ days. Stay safe.
There will be more significant price swings starting on the 24th or 25th of July.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
$SPY July 16, 2024XETR:AMEX : SPY July 16, 2024
15 Minutes.
XETR:AMEX : SPY made 3 HH pattern.
So, if we take 555.83 as low, we can expect 566-567.5 levels as target for now provided it holds around 557 levels
At the moment it took support at 61.8% of the fall as support.
For the fall 564.83 to 559.62 it needs to cross 563.8 levels to resume uptrend.
So, for the day Buy above 564 to 566-567 as target and sell below 556.5.
If this level is broken, I expect a 4 to 5 $ fall.
Remember 556 is 9 MA support in daily.
SPY/QQQ Plan Your Trade 7-15 Update - Building Support...This mid-day update to my SPY Plan Your Trade video series was probably needed as I'm getting many questions about what I think is happening today.
In short, we saw a bit of a rally early in trading, followed by a moderate pullback. Yes, today's Exhaustion Rally pattern has not shown up yet. But as we learned last week, the price can respond a bit delayed when certain types of events disrupt market trends.
I continue to suggest that the markets are attempting to settle after last weekend's big events. Traders are trying to digest what is happening and where to position capital.
My weekend analysis showed a powerful push in RSP (the equal-weight S&P500 ETF), suggesting capital is moving into a more broad-sector rally phase. I do believe that capital shift will continue to drive future rallies.
But, we also have to get through this week's SPY Cycle Patterns, which clearly illustrate the need for the markets to contract a bit (Wednesday ~ Friday) before moving into a more substantial rally phase mode near the 22~24.
Sit tight. Let the markets settle. Watch this video to see how I view support and why I'm not worried about any potential collapse yet.
Get Some.
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The reality of Fibonacci Price Theory and most Technical Analysis techniques will teach you that as long as the price stays above $559.75 (above Friday's GAP).
Buckle up.
$SPY Forecast For Years To Comeplease dont take my opinion as financial advice i'm just a 17 year old with some speculations.
with that being said let me explain myself.
With the fed pausing still i believe we will keep rallying till we see our first cut once we get that first cut it'll be the market top.
The fed has been sitting on their hands for way too long and with inflation sneaking back up i dont see it getting better until its too late. stuff will start breaking soon and it'll just put us more and more into a downward spiral.
going into 2025 we will be in a bear market and throughout 2025 we will be trying to fight a spike of inflation which will scare the market and bring us down to 2022 highs and if shit hits the fan we will continue to see downside going into 2026. the battle against inflation isnt a quick fix and this will take time (a couple years)
we will eventually recover but it wont be till we see the fed's inflation goal of 2% for a couple months of consistency that'll be our green light for ATH.
I will be scaling into end of year shorts starting at $550, $560, and final $570 im not missing this opportunity with the stock market this overbought knowing that the dot plot forecasts higher inflation to come next year. Taking profits on the way down as more data comes out.
Thank you for your time and i will be open to hearing others opinion.
07/15 SPY ATR Levels and RangeWith the crazy event over the weekend and lite work on the reports side with the exception of Powell speaking at 1230... I DONT Know what to expect and will be watching the following levels.
If we can get over 562.50 area and hold there we could see the 563.60 and higher range.
If we lose 561.41 then we got to 559.80 area for a potential bounce.. If not we could fall to last weeks low of 556.96
SCALP
SR2 563.28
SR1 562.71
SPOP 562.13
LAST PRICE 561.56
SBREAK 560.99
SS1 560.41
SS2 559.84
-------------------------------------
R2 567.29
R1 565.08
POP 563.76
LAST PRICE 561.56
BREAK 559.38
S1 557.64
S2 556.48
SPQ/QQQ Plan Your Trade For 7/15 - Exhaustion Rally PatternGood morning everyone,
This new Plan Your Trade video will illustrate why I believe the SPY may target 568~570+ highs over the next two days before rolling downward into a moderate downward/consolidation phase.
If you've been following my videos/research, you already know I believe the markets are setting up for another LEG HIGHER. But, first they need to roll into a PAUSE phase over the next 5+ days, then move higher on new momentum.
Watch today's video to learn why my SPY Cycle Patterns are so incredible and help traders plan/prepare for big market moves.
Here we go...
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY WEEKLY June 15 2024I have clearly explained the long levels. I am still bullish with all the logics that I have discussed.
If you have any doubts feel free to DM me
NOTE: DO NOT SHORT THE MARKET
SPY: Bearish Forecast & Bearish Scenario
The recent price action on the SPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
❤️ Please, support our work with like & comment! ❤️
$SPY July 13, 2024AMEX:SPY July 13, 2024
15 Minutes.
As expected, ferocious moves once 550 was taken out.
Now holding 558 we can see uptrend continuing.
555.5 becomes an important level to hold in this uptrend.
AMEX:SPY may take 100 supports in 15 minutes or hold around 556 being 200 averages support.
Not the time to go short.
AMEX:IWM also has broken out.
SPY/QQQ Plan Your trade 7/12 - Carryover PatternToday's Carryover pattern should be very interesting. Do we carry over the deep selling pressure from yesterday or do we reject the downward price trend and revert back to the previous bullish trending.
I expect a reversion back to the bullish trending setting up today. If the overnight price action were to continue downward today, the emotional selling pressure from yesterday would have been more evident.
I believe the price will attempt to find support today and could move into a short squeeze later today - setting up a possible recovery rally above $565 on the SPY today.
Of course, it is almost impossible to accurately predict future price trends, so I'm doing my best as we see this massive volatility hit.
Remember, I'm trying to help you learn to become a better trader by watching prices, learning the techniques I try to teach, and applying the best techniques possible to keep you on the right side of the price trend.
Of course, if we do see a rejection of this downward price move, it will become evident before Noon ET. If not, we may be in for an even deeper downward trend.
This is why I clearly suggested traders learn to allocate funds properly. Learning to reduce trade sizes while volatility increases is critically important—unless you like blowing up your account.
So, buckle up.
07/12 SPY ATR Levels and RangesBeen out of the pocket for the last 2 days, so I am just going to stick to my lines this morning no emphasis on a perspective or thesis. ATR is at 4.39 which is going up from prior month and from earlier this month. I do think that we go back up from this low we are experiencing, the PPI reports came out this am relatively flat, however a shave off a few tenths of a point is good in the economics world. tradingeconomics.com
SCALP
SR2 559.35
SR1 558.78
SPOP 558.21
LAST PRICE 557.64
SBREAK 557.07
SS1 556.50
SS2 555.93
Standard Levels
R2 563.35
R1 561.16
POP 559.84
LAST PRICE 557.64
BREAK 555.46
S1 553.73
S2 552.57
Stocks to soften as bonds bidas it has happened so many times before. as the fed funds rate is set to fall in september, stocks will soften as bonds are bid higher
