Cycle AnaylsisLast three pull back which two time SPY went under 20 MA sit perfectly with in this cycle period, Guess when is the possible next low of the cycle ? NOV 5th.... It may not be perfect but there is a high chance of this could happen during election week Shortby JerryDaniel110
Spy Road To 600Fellow Traders We Hit Our 582 We Are Now On The Path For 588 Lets Goo Traders Follow For More UpdatesLongby JoeWtrades5514
$SPY HyperInflation returns AMEX:SPY return of hyper inflation will we see AMEX:SPY my high target of $640.30 or will it die off around $540.70 give or take after we reach those highs we will see pullback back down to $395 if buyers fail to step up to show support we'll be testing 2008 lows back around $285 eventually down to $200 then $86 then $24 (WW3 scenario / end of world scenario/ near default) As bears we've done our job to short squeeze it to highs as news hit about Trump wall st bought up the rumors let's see how long we'll extend the rally. Thinking we got a bit more to go before we short completely after the rate cuts come around fall time you'll see a mass sell off as banks shut down.Longby calmstradesUpdated 8
SPY/QQQ Plan Your Trade For 10-25: Rally111 PatternHappy Friday, Today is potentially the start of a moderate rally phase in the SPY/QQQ headed toward my predicted peak level near October 30-31. Although this week has had lots of rotation, we've seen the markets hold up pretty well. Tesla surprised with earnings recently after Boeing and other issues prompted a bit of panic selling. My research suggests the SPY/QQQ will attempt to move a bit higher over the next 3-4 days - attempting to setup a peak just before the election. The 3-4 days prior to the election are likely to be very volatile as liquidity dries up. Traders need to stay keenly aware of risks over the next 15+ days - even after the election day. Whatever happens on election day, we are likely to see some moderate level of unrest and challenges related to who won. I believe the current election will be the most watched and validated election in US history. Everyone is watching for errors and shenanigans this time. As traders, our #1 job is to protect capital. That is why I suggested traders more to 80-85% CASH over the past 2+ weeks. There is no reason to be engaged in this market at full allocation levels when I expect the markets to become extremely volatile (and potentially prompt a flash-crash type of event). Remember, lack of liquidity means extreme price volatility. Gold and Silver are moving into another rally phase. Get ready to see Gold above $2800. Bitcoin is still consolidating - just as I expected. This is the time to play it smart. Trade smaller allocation levels and prepare to hedge against risk factors over the next 2-3 weeks. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long30:41by BradMatheny1110
SPY scalping tomorrow Oct. 25, 2024For SPY scalping tomorrow and analyzing the close for the week 1. Analysis: Trend: SPY is currently trading in a clear downward channel, with resistance around 580 and immediate support near 577.99. The downward trendlines suggest continued pressure to the downside unless it breaks out above resistance. Key Levels: Resistance: 580.00, 581.22 Support: 577.99 (short-term), 574.12 (stronger support zone) Volume: There's been a visible spike in volume, suggesting heightened interest around current levels. The question for tomorrow is whether this will translate into further selling or a potential bounce. Scalping Strategy: Bearish Bias: Given the downtrend, I'd lean toward a bearish bias until we see a decisive break of the upper resistance at 580. This is where many traders may anticipate selling pressure, especially with lower highs being printed. Entries: Look for a possible retest of resistance at 580. You could consider entering a short position if this level holds as resistance and the price starts rejecting this area with selling volume. If price breaks above 580, wait for confirmation before reversing to a bullish stance. Exits/Targets: If short from around 580, consider targeting 577.99 as the first exit, followed by 574.12 if weakness continues. Watch for signs of consolidation or potential bounces around 574, which could lead to reversals intraday. Closing Thoughts for the Week: If SPY continues to trade within this descending channel, it's likely to test lower support levels like 574 or even 570. However, if there's any significant news or a surprise buying surge, watch for a potential upside break of the 580 level, which could shift sentiment more bullish into the end of the week. Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Trading carries risks, and it's essential to do your own research or consult with a licensed financial advisor before making any trading decisions.by BullBear-Insights4
SPY diamond top possible SPY has formed a diamond with a $9 range looking for break of trend then retest of trend break to short.by RLB512Updated 2
SPY Diamond patternSpy is setting up on the 3hr chart with a diamond pattern. I am estimating a $7 move until the top line confirms. No need to jump the gun wait for the candle break and close.by RLB512Updated 2
Round top Pattern It's a clear round top pattern, signaling a potential trend reversal. This occurs when an asset's price rises gradually to a peak, then slowly declines, forming a rounded, dome-like shape on the chart. The pattern indicates weakening upward momentum and suggests a possible downward trend or sell-off. Traders often view it as bearish, particularly if the price breaks below the support level at the base of the round top.Shortby JerryDaniel2
Working To Unlock The 3-6-9 Secrets Of The MarketRecently, there have been a lot of questions related to my SPY Cycle Patterns and how they work. I've often stated that these patterns are based on Gann, Tesla, and Fibonacci's price theory. However, underlying all that is a core component related to the 3-6-9 (secrets of the universe) theory. This video tries to introduce you to the concepts of the 3-6-9 theory and how it overlays with Gann, Tesla, Fibonacci, Japanese Candlesticks, and more. My focus for the past 24+ months has been to unlock this theory's secrets and develop a practical use component (code) that attempts to provide very clear future trading/price predictions. Spend some time watching this video. See what you think and open your mind to the concept that price moves through construction and destruction phases (likely based on the 3-6-9 concepts). At the end of this video, I share some practical knowledge/examples showing why I believe the 3-6-9 theory is critical to unlocking the true secrets of market price action. I may never be able to unlock all of it, but I'm dedicated to trying to unlock as much as I can within my lifetime. This drives me to build code solutions and attempt to improve my skills. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Education32:40by BradMatheny7716
Eye SPY on the MoveLooking like spy is going to try to push back to 582 today, I’m keeping an eye on that level and I’m gonna look for the price action either up or down. by Stoxor1
SPY US500bounced of the second trend support, but the main trend has been broken for the third time, this signals weakness. waiting to see if it will recover the main trend at 587 or 575 is broken, each level will signal the next direction by lell03122
$SPY Analysis, Key Levels & Targets for 10.24.24Alright guys, so I'm not making a video tonight. I lost my voice; I caught a cold or something like that. But, we are opening right at the bottom of the implied move for the week, which is 578, and we also closed right at the 30-minute moving average. So, if you look at that momentum—the 30-minute moving average momentum and the one-hour moving average momentum—that does have us trading slightly up today. We have the 35 EMA above us, and at the very top of the implied move, we have the bear gap from yesterday. The top of the implied move is at 582 and 584 for the Friday contract. Remember, we have Amazon earnings today after hours. Underneath the one-hour moving average on the downside, the bottom of the move is 573, and 572 on Friday's contract. by SPYder_QQQueen_Trading226
SPY Ready for a Reversal? Key Levels to Watch for Oct. 24,2024Key Resistance Levels: 580.29: This level has acted as a strong resistance point. If price approaches this level tomorrow, watch for a rejection for potential short setups. 584.44 - 585.45: If SPY breaks through 580.29, this higher range will be your next resistance zone. Look for reversal patterns if SPY reaches this zone for a possible fade or continuation trades. Key Support Levels: 578.54 - 578.56: This support area could be crucial for a bounce. If SPY shows strength at this level, it may provide opportunities for long trades targeting resistance near 580. 574.41: A breakdown below this level could trigger a larger bearish move, opening room for short setups targeting the next lower support levels. Trendline: The downward sloping trendline is acting as dynamic resistance. A break above this line near the 580 region could signal the start of a bullish reversal, with potential to ride the momentum up to the 584 range. Volume and Momentum: Recent sell-off volume suggests sellers are still in control. Keep an eye on volume tomorrow—if the selling pressure continues, watch for breakdowns below key support levels. MACD are showing early signs of recovery from oversold conditions, which might signal a potential short-term bounce. My Thoughts for Tomorrow’s Trading: For scalpers, focus on the 578-580 range for quick trades. A bounce at support or a rejection at resistance should provide clean entries and exits. For swing traders, a break above 580 could indicate a short-term bullish reversal, targeting 584-585. On the downside, a breakdown below 574 could lead to further declines. Keep your trades tight, especially with the market volatility. Use these key levels as a guide, and watch how price reacts around them for confirmation. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and manage risk appropriately. Trading involves risk, and past performance does not guarantee future results.by BullBear-Insights4
SPY Trading Plan 10/23ATR range for today is low of 576.82. And a high of 586.39. Exit at first target 581.01. Runner to 583.27. Set up for max loss. Longby MMOTA_Updated 0
SPY showing bulls returning. next target at 588 soon!strong cumulative volume delta signals buyers remain in control after this selloff. all these sell orders getting heavily bought up. I'm looking for continuation higher into end of Oct to 588 target. After that, I'll be vigilant for another pullback to 578 zone before we go higher to 591 and onward to 605 primary weekly cycle targetby DaveTradesLive6
Index struggles at Fibonacci resistance amid concerns.The index appears unable to break through its Fibonacci resistance, which is expected given the prolonged impulsive trend and upcoming elections, alongside rising 'no landing' fears. Earnings reports are solid, and with financials (XLF) looking strong, I'm not concerned. The financial sector often serves as a leading indicator for the broader index, so I view the current 2-3 week stagnation as normal. I still see the biggest opportunity in the AI narrative, and will look to buy during pullbacks.Longby Tolgaun63
A Slow & Choppy Week!This week has been soo choppy and I am tired of looking at it! Its not yet clear if we want to fall past 577 towards 574 and find support there on SPY, or if we want to continue to form a new order block and then break out to continue our bullish run. Based on the candlesticks thus far and looking at the fair value gaps (FVGs) formed on the daily and weekly, I believe that price action has the potential to continue to drop to as low as 563 on SPY. It could take us a few weeks to get there but its possible. We are only a few weeks away from election and officially naming our new US President! Due to the anticipation of the results, we could see fear being pumped into the market as near closer to Nov 5. As of right now I am waiting to see what how we close this week. Trading the chop can be challenging, but also possible with the correct strategy. by RandiMichelle0
SPY/QQQ Plan Your Trade For 10-23 : Gap/Breakaway PatternToday's Pattern suggests the SPY will attempt to move higher in a potential Gap/Breakaway mode. I read this as a potential for an opening price gap (likely higher) and trending upward throughout most of today. I will point out that I believe the QQQ will not follow this same pattern. The expectation I drew earlier with my SPY Cycle Patterns suggests the QQQ will attempt to consolidate today - possibly moving slightly downward. This can, and often does, happen when we get a divergence between the SPY & QQQ. Gold & Silver appear to be moving into my expected Rally phase over the next 4+ trading days. I believe Gold and Silver will attempt to rally about 2.5% to 3.5% higher before reaching a peak near 10-29~10-30. Bitcoin is consolidating in the Phase #4 Excess Phase peak pattern - just as I suggested. Watch for support to form near 65,600 or slightly higher. I believe this congestion phase will last until after November 2-4 - be aware. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long25:30by BradMatheny262621
$SPY Analysis, Key Levels & Targets for 10.23.24Alright guys, so tomorrow’s implied move is between 580 and 587, with the 35 EMA just underneath us. That’s definitely an important level to watch right away. Looking at where futures are at the moment, that level could be to the upside at open, so keep an eye on that 35 EMA. If we can get above that, our first level of resistance is 585. Aside from a quick pop to make all-time highs last week, we’ve seen 585 as a key resistance both before and after making all-time highs. If we can break above 585, the all-time high is at 612, and 587 is the top of the implied move. 588 is the top of the implied move on Thursday’s contract. To the downside, we have 580 as the bottom of the implied move, which lines up with where we’ve seen support on both Monday and Tuesday. 578 is the bottom of the implied move for Thursday’s contract, and underneath both day’s trading ranges, we have the 30-minute 200 MA waiting to catch us if we drop. Just one more level below that, we have 579.5, another support level we saw last week. So if we do drop, I’d likely be looking at 579-578 for bull spreads.by SPYder_QQQueen_Trading4
$SPY October23, 2024AMEX:SPY October23, 2024 15 Minutes. One of those days. Did not break 585 or 580 for any trade. For the day we can see the LL made oscillator divergence. Hence holding 582.5 we can expect 585-586.5 for this move. I am looking for a trade for the move 585.5 to 589 holding 582.5. Longby RiderTrader4
SPY Technical Analysis for Oct. 23, 2024Trend Overview: The price action shows a descending wedge pattern. This pattern generally signals a potential bullish reversal, especially if the price breaks out from the upper resistance trendline. Support and Resistance Levels: Immediate resistance is around 583.63 and 585.35. If SPY pushes past these levels, 586.30 would be the next upside target. Strong support levels are at 580.30 and 578.51. If the price falls through 580.30, it might test the lower boundary of 578.51, which could lead to further downside if broken. Momentum: The momentum indicator shows some choppy behavior, indicating indecision in the market. Keep an eye on any shifts here for confirming any breakouts. Volume: The volume is not unusually high, which suggests that a significant move may still require a volume increase. Trading Strategy: Bullish: Watch for a break above the wedge’s upper resistance with strong volume. Entry around 583.63 targeting 585.35 and 586.30. Bearish: A failure to break 583.63 or a breakdown below 580.30 could signal downside momentum, with targets of 578.51 and potentially lower levels. Short Disclaimer: This analysis is for educational purposes and not financial advice. Market conditions can change rapidly, and all trades should be conducted with proper risk management. Always perform your own analysis or consult with a financial advisor.by BullBear-Insights2
SPY put looks like every month within the first couple of day SPY has a pull back and I'm expecting the same this November especially with the uncertainty of the election and FOMC. Shortby Shawn03230