SPY DIRECTION FOR JAN 10THI think we push to 590.58 then once we see a rejection we can go to 587, 586.50 or 585.20.
If we break 584.40 we are going to 580.
Keep these levels on the watch.
SPY trade ideas
SPY Technical Analysis & GEX InsightsTrend Analysis:
SPY appears to be forming a symmetrical triangle pattern on the 4-hour chart, suggesting a potential breakout in either direction. The price is consolidating within narrowing support and resistance levels, indicating reduced volatility and a possible large move ahead.
Support and Resistance Levels:
* Immediate Resistance: $591 (Key resistance zone based on GEX data).
* Next Resistance: $595 (Major GEX wall and prior price rejection area).
* Immediate Support: $586 (GEX levels show strong PUT support here).
* Critical Support: $580.50 (Major PUT Wall and previous price support).
Volume Analysis:
Volume has been steadily decreasing, in line with the consolidation phase. A breakout with increased volume will confirm the directional bias.
MACD Momentum:
The MACD is hovering around the zero line, indicating a lack of strong momentum in either direction. However, it may cross soon, providing an early signal for the next move.
GEX Insights:
1. Gamma Resistance: $591 and $595 are major resistance levels where CALL walls dominate.
2. Gamma Support: $586 and $580 are key PUT walls providing strong downside protection.
3. Implied Volatility (IV): SPY’s IV is relatively low, suggesting calm market conditions but also positioning for a breakout.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $591 with strong volume.
* Target: $595 (first target) and $599 (next target).
* Stop-Loss: Below $588.
Bearish Scenario:
* Entry: Below $586 with strong volume.
* Target: $580 (first target) and $577 (next target).
* Stop-Loss: Above $589.
----------------
Scalping Scenarios:
Bullish Play:
Setup:
If SPY breaks above 593.71 with high volume and candle confirmation.
Entry: Near 593.80 after retest.
Target: Scale out at 595.50–596.15.
Stop-Loss: Below 593.20.
Bearish Play:
Setup:
If SPY breaks below 585.20 with sustained bearish momentum.
Entry: Near 584.90 after a weak pullback.
Target: Scale out at 583.50, and extend to 582.00 if momentum holds.
Stop-Loss: Above 586.00.
Momentum Confirmation:
Monitor volume closely; scalping opportunities are stronger with rising volume near breakout levels.
Watch for MACD or Stochastic RSI alignment to confirm momentum.
Caution:
Premarket Volatility: Reassess levels if the premarket introduces a strong gap or unusual activity.
Tight Stops: Maintain disciplined stop-losses to protect against rapid moves.
Directional Bias:
The symmetrical triangle hints at neutrality, with the price poised for a breakout. Watch for a decisive move above $591 or below $586 to confirm the next trend.
---------------------
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
SPY Next Move UP! Buy!
Hello,Traders!
SPY is trading in a long-
Term uptrend and the
ETF is now about to retest
A strong horizontal support
Level of 584$ from where
We will be expecting a
Local bullish rebound
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
SPY - Probable outcomesJust some basic analysis to monitor key areas of the SPY.
While I don't have a negative bias, I will wait for key levels to see what volume and overall outlook for 2025. I remain Bullish as long as there are no black swan events which seem possible with the political and environmental temperatures.
SPY[W] - 2025, and behindWith ISM on record highs and Trump in the office, FED won't likely cut rates on its meeting in January and might signal the possibility on increased rates if inflation raises again. That might send crypto markets into correction, and we might see market participants withdrawing from the equity to treasure or governmental bonds. Gold will continue to soar towards 3,000 threshold during the year. In March, core inflation might finally show up on CPI a data-driven FED might decide to increase rates. If this scenario happen, it might send the markets into a deeper correction as marked on the chart. Owners of real estate properties might see additional returns on investment in 2025. Geopolitical tension might be increasing through the year, and might finally cultivate in 2027-2029.
Pre-Market Update: SPY - 01092025 - $586-$586.50 Support RetestWatching the SPY going into Premarket, it lost support at the $588.62 Levels, so we're looking for that $586-586.50 to gauge if the Markets will lose steam and pullback even more (providing better buying opportunities on our other Trade Analysis). The question is always, "How far are really pulling back though?"
Today's Economic Calendar:
Event Type Date Time Description
Econoday event Jan 09, 2025 01:00 AM Industrial Production
Econoday event Jan 09, 2025 01:00 AM Merchandise Trade
Econoday event Jan 09, 2025 01:00 AM Industrial Production
Econoday event Jan 09, 2025 01:00 AM Merchandise Trade
Econoday event Jan 09, 2025 04:00 AM Retail Sales
Econoday event Jan 09, 2025 04:00 AM Retail Sales
Econoday event Jan 09, 2025 06:30 AM Challenger Job-Cut Report
Econoday event Jan 09, 2025 06:30 AM ECB Minutes
Econoday event Jan 09, 2025 06:30 AM Challenger Job-Cut Report
Econoday event Jan 09, 2025 06:30 AM ECB Minutes
Econoday event Jan 09, 2025 07:30 AM Jobless Claims
Econoday event Jan 09, 2025 07:30 AM Jobless Claims
Econoday event Jan 09, 2025 09:00 AM Wholesale Inventories (Preliminary)
Econoday event Jan 09, 2025 09:00 AM Wholesale Inventories (Preliminary)
Econoday event Jan 09, 2025 10:00 AM 3-Month Bill Announcement
Econoday event Jan 09, 2025 10:00 AM 6-Month Bill Announcement
Econoday event Jan 09, 2025 10:00 AM 3-Month Bill Announcement
Econoday event Jan 09, 2025 10:00 AM 6-Month Bill Announcement
Econoday event Jan 09, 2025 10:30 AM 4-Week Bill Auction
Econoday event Jan 09, 2025 10:30 AM 4-Week Bill Auction
Econoday event Jan 09, 2025 03:30 PM Fed Balance Sheet
Econoday event Jan 09, 2025 03:30 PM Fed Balance Sheet
Econoday event Jan 09, 2025 05:30 PM Household Spending
Econoday event Jan 09, 2025 05:30 PM Household Spending
Econoday event Jan 09, 2025 11:00 PM Equity Settlements
Stay tuned by connecting with us below to discover more at @MyMI Wallet!
SPY/QQQ Plan Your Trade 1-9-25 : Behind The Scenes ResearchMany of you are following my research and Plan Your Trade videos - watching my SPY Cycle Patterns play out as the markets trade through various phases/trends.
What you do not see is the extended research and predictive modeling that go into my deeper research, which aims to help traders.
The SPY Cycle Patterns are just one part of my extensive coded solutions related to cycles/trends/phases and other market conditions. Every week, I review and research dozens of market conditions, attempting to determine the current phase, setup, and conditions related to the market and what to expect in the near future.
That is why, in many cases, I will be ahead of the trends by 2 to 5+ weeks.
You may wonder why I'm able to draw future expected price action often so accurately. This is because of my extended market research (done behind the scenes). My work is not only about the SPY Cycle Patterns - it includes many other more detailed market analyses related to key fundamentals and cycle/phase market trends/setups.
In this video, I try to share some of the extended work I do to help traders so you can better understand how all of my research/work ties together to deliver the best information I can.
In my opinion, trading is about what is likely to happen now, and attempting to identify what is likely to happen in the near future - so we can prepare and trade efficiently through any market trend.
As we take a day off to remember President Carter, I thought you might be interested to see what I actually do every day/week in terms of research and software development trying to help you learn to become a better trader.
Stay safe & get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
Double Bottom Today on SPY using the 4hr Key Observations: On the 4hr Timeframe we seen Equal lows today
The SPY price action exhibits a double bottom formation, which is a bullish reversal pattern indicating potential upward movement.
The chart highlights Fair Value Gaps (FVG) for potential entries:
Bullish FVG: Suggests entering long positions upon retest near the zone of $589.38 (green box).
Bearish FVG: Suggests entering short positions upon retest near $588.48 (red box).
Key support and resistance levels are marked:
Previous Day Low: $580.89.
Previous Day High: $591.11.
Highs and Lows (HL) are noted as part of the structure to track the trend.
Volume and Indicators:
A histogram at the bottom of the chart reflects increasing momentum, showing a transition between bullish (green) and bearish (red) trends.
The chart’s reliance on mitigation statistics (e.g., "Bullish 76.7% mitigated, Bearish 99.66% mitigated")
suggests a focus on price efficiency and liquidity grabs.
Market Sentiment:
The presence of a double bottom near the Previous Day Low supports the bullish case.
Bearish FVG implies caution in case of failure to hold above key support zones.
Next Steps:
To ensure I factor in relevant market dynamics for an accurate New York Open projection, I’ll examine recent data (including SPY trends over the past year) and match it with this chart’s technical analysis. I will recheck current pre-market conditions and gather additional insights specific to SPY. Let me do so now.
Analyzing the SPDR S&P 500 ETF Trust (SPY) over the past year reveals significant growth, with the ETF reaching an all-time high closing price of $607.81 on December 6, 2024.
YAHOO FINANCE
The 52-week range for SPY is as follows:
52-Week High: $609.07
52-Week Low: $469.87
This indicates a substantial increase from the 52-week low to the high, reflecting strong market performance during this period.
YAHOO FINANCE
In 2024, SPY achieved an annual total return of 24.89%, following a return of 26.19% in 2023.
YAHOO FINANCE
As of January 8, 2025, SPY closed at $589.49, showing a modest increase of 0.15% from the previous day.
YAHOO FINANCE
Several factors have contributed to SPY's performance over the past year:
Technology Sector Growth: Major technology companies have significantly influenced SPY's performance, with the top holdings in SPY being Apple Inc., Microsoft Corp., and Amazon.com Inc.
MARKETWATCH
Economic Indicators: Positive economic data, including GDP growth and employment figures, have bolstered investor confidence, contributing to market gains.
Monetary Policy: The Federal Reserve's monetary policy decisions, particularly regarding interest rates, have impacted market liquidity and investor sentiment.
As of now, pre-market data for SPY is not available.
NASDAQ
However, futures markets can provide some indication of market sentiment.
Dow Jones futures, along with S&P 500 and Nasdaq futures, dipped slightly overnight, suggesting a cautious market sentiment ahead of the New York open.
INVESTOPEDIA
SPY has exhibited strong performance over the past year, reaching new highs and delivering substantial returns.
While pre-market data is currently unavailable, futures markets suggest a cautious sentiment ahead of the New York open.
Investors should monitor economic indicators, corporate earnings reports, and geopolitical developments, as these factors will continue to influence SPY's performance in the near term.
Key Levels to Watch in the S&P 500 for 2025
Spy is filling an old gapLooking a spy on the 1 day chart. You will see a BOS leading to new lows. This should be nothing but a market correction. If you go back a few weeks on the same chart you will see some instability in price. When spy was moving to new highs. Spy appears to be going back and filling in the area and stabilizing price before moving to back to highs. This also appears to me be in correlating with a new president coming into office.
$SPY January 9, 2025AMEX:SPY January 9, 2025
15 Minutes.
Down trend intact as of now. Yesterday high was 590 levels.
we had two LL at 586 and 585.20. We had oscillator divergence and made a high 590 giving a 4-5 $ trade.
For the fall 597.75 to 585.20 AMEX:SPY retraced 38.2 levels. 591-592 is again levels to short.
In 15 minutes, buy is only above 593.5 levels for 599 as target.
SPYSPY is waiting for squeeze pretty soon MACD from BULL and Bear side reducing day by bay and High lows are sticking in between bound zones. Next week will be interesting.
Be Daily Chart falling wedge bounce off long term channel. Excuse the crudely drawn chart. SPY looks to be in a falling wedge pullback to the long term channel, Expecting a bounce off this support line. However if it breaks through the bottom some minor support around $565.
Buy Target $580
SPY LOOKING BEARISHLOWER HIGHS FOLLOW BY LOWER LOWS,SEEMS THE SPY COULD BE MOVING AWAY FROM THE 600 MARK, 570s possibly to fill the previous Gap up.
SPY rangebound between $580 and $600SPY has been pretty rangebound between $580 and $600 since November. Any time it drops near $580, buys have pounced, and whenever it goes near or above $600, sellers pounce. I think we'll continue to see more of this well through January and into February until we get a better sense of macroeconomic factors like Fed as well as global policy from the incoming Trump administration. The Fed and Panama Canal are the top two things that I'm watching.
Some swing trade ideas:
Iron Condor options strategy keeping $580 and $600 in mind. With Vix being at 18, this isn't a bad trade, just keep in mind that volatility can expand making OTM strikes still be unprofitable.
- I don't think a strangle is a good idea, make it defined risk.
Wait it out. This is my current strategy with SPY showing a head and shoulders pattern with a possible target near the 200 EMA.
Put Ratio: Something like a 112 or 1122 might not be a bad idea keeping the 200 EMA in mind with the 200 EMA in the "trap" zone.
S&P 500 Triangle CoilS&P 500 is coiling up for a break out. Most likely bullish. Thrusts to the downside are diminishing in quality and magnitude (less effort less distance traveled). Need to see the quality of the bounce here to see the bull response at these levels before getting long.
Market is looking for a catalyst to break out to one side or another.
SPY/QQQ Plan Your Trade For 1-8-25: RALLY patternPlease take a few minutes to watch this entire video.
I spent quite a bit of time trying to explain to all of my followers why the markets are struggling to find a trend and why the volatility has been so excessive over the past 3+ months.
Simply put, the markets are trying to reprice a Trump Economy (changing from a Biden economy).
In my opinion, the new Trump economy will still be decent/good - but there will be changes and the US Fed is still trying to borrow based on past data - which traders no longer believe is going to be valid reflecting future US economic/policy actions.
Thus, yields are rising as investors demand MORE PROTECTION against unknowns.
And, THAT is one of the primary reasons why the US Dollar and Yields are really driving most of this market volatility.
Again, simply put, investors/traders are unsure of what the future US/global economy looks like (specifically with Trump suggesting he is going to "streamline" the US government/agencies, and fix the US BLOAT). To many people, that is a big unknown.
I do believe today's Rally phase in the SPY/QQQ, as well as the Rally phase in Gold, will resolve to the upside. Yesterday's move was, IMO, another "washout low".
We'll see how things play out today and see IF we get a RALLY move in the markets.
Bitcoin rolled downward right at the dual Flag levels - just as I suggested. Now we'll see Bitcoin roll back towards recent lows - trying to identify support, or break downward - targeting the $72k I suggested would be the next lower level.
Get some.
Stay ahead of these markets and remember to trade efficiently (BOOK PROFITS).
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SPY Falling WedgeHere's a shorter term chart and some potential paths for tomorrow. Nice little falling wedge/triangle. A break above should lead to a move back up to $591.30 and $595-$596 and maybe even up to the $600-$601 area.
Downside targets would be $585 and the election gap fill. I'd consider it bullish above $591 and $596. Bearish below $585.
SpyADP and Minutes out tomorrow... I'm thinking a pop if ADP comes in good followed by a mid day flush with a hawk minutes
H&S maybe but I've connected some supporting trends
If 576-580 holds then This H&S will turn into a Wedge triangle
Zoom in at the last 2 day price action
Small broadening wedge is forming here in white.
If we pop tomorrow I'm looking at 592 resistance and over that
593.50 50sma
594 (21ema).
So I'm looking for a bounce between 592-594 before a reject
If we gap down then this broadening wedge is negated
And this H&S shoulder plays out to 580
Weekly chart with 21ema..
Weekly 21ema is a 580
Wedge trendline is at 580
Price action support is at 580
U have to be very nimble bear here They will fight hard to keep the weekly 21ema.. they may dip to 576 to close gap then push back above and leave you trapped..
If price closes the week below 576-580.. then 566 is next up.
I will update into the weekend...
Spy Technical Analysis - Jan. 81-Hour Chart Analysis (Trading Perspective):
* Trendline Resistance and Support: The downtrend is intact with visible resistance at key levels such as $594 and $596. The price is hovering close to the critical support at $589.
* Volume and Momentum: Declining volume on bounces indicates weaker buying interest.
MACD shows a bearish crossover, signaling negative momentum. Stochastic RSI shows oversold conditions, suggesting a potential short-term bounce but remains within the downtrend.
* Immediate Levels to Watch:
* Resistance: $594, $596
* Support: $589, $585
* Trading Strategy:
* If SPY breaks above $594, it may test $596.
* A break below $589 can open further downside toward $585.
Gamma Exposure (GEX) Insights (Options Perspective):
* Call Walls: Major call resistance is at $596, acting as a psychological and technical barrier.
* Put Walls: Strong put support lies at $585, signaling hedging activity from market participants.
* Gamma Flip Zone: Neutral zone remains around $589-$590 where market makers might shift their positioning based on the directional bias.
* Market Sentiment: The net GEX indicates bearish sentiment with -72.7%, reflecting dominance of put contracts over calls.
* Options Strategy:
* For a bearish bias, consider puts below $589 with a target near $585.
* For bullish reversals, calls can be played above $594 targeting $596.
Conclusion:
SPY remains in a short-term bearish trend within a broader consolidation. Watch for decisive breaks of $594 or $589 to determine the next directional move. The current GEX data reinforces bearish pressure, but oversold technical indicators suggest caution for shorts near support levels. Maintain a tight stop-loss and adjust strategies based on volume and price action confirmation.
$SPY January 8, 2025AMEX:SPY January 8, 2025
15 Minutes.
592 was broken.
For the rise 580.5 to 599.7 AMEX:SPY has retraced 61.8%.
For the fall 597.75 to 586.78 592 to 594 will be level to short SL 596
Since AMEX:SPY below all moving averages the short at 592 - 594 will give a target around 584-585 levels in 15 minutes.
For the day long only above 596.
$SPYThe market's whispering sweet nothings, trader. A bullish reversal is in the cards. Now, we wait for our cue, then execute with precision. The hours of prep have been worth it.
Mission briefing is clear: capitalize and profit. 🙌🏽
Update Where We GoingThere is gonna be lots volatility in market till Jan 20
See we can Hold 100 day MA 580.00
We Do they try test 600 again in time we end up
415 why Jobs Inflation Debt Banks 10 YEAR on on on
SPY: Week of Jan 6thHey everyone,
As promised, getting back into the grove of posting analyses.
I was going to cover other tickers but I ran a little long. People have told me that they have learned a lot from me so I wanted to take time to explain how to identify things clearly. I generally don't feel like I give helpful educational information in my ideas but I will make a point of doing it in the future.
If you are interested in Bulkowski stuff and his software, just google Thomas Bulkowski online and you will find lots of information! He provides a lot of free educational content online.
You can also find some educational ideas on tradingview that go over Bulkowski patterns, here are some I have found:
This one is a really good video on testing patterns using an indicator. This is using the same textbook I trained my own Bulkowski model with:
Anyway, this is my analysis/forecast. Hope you enjoy! Leave your questions below!
Safe trades!
