LAST HURRAH $SPY MONTHLY DIVERGENCE WHICH CAN LAST FOR MONTHs BUT THIS IS THE FINAL WAVE 5 THEN EXPECT PULLBACK ..i am 50% cash i have a feeling meltdown begins once trump takes over .FEB march may be meltdown .i m getting cash heavy
SPY trade ideas
SPY Chart: Buy the DipsSummary
The S&P 500 (SPY) is still in a bullish trend.
This chart focuses on buying dips instead of selling.
Key buy zone is marked in the green box.
Key Points
Buy in the Green Box:
This area is where SPY is expected to bounce back.
Targets are $602.30 and $624.29.
Support and Stop-Loss:
Stop-Loss: $560.66 – If SPY falls below this, the bullish trend may be invalid.
Support Zone: Between $563 and $573, as highlighted by Fibonacci levels.
Invalidation Level:
If SPY breaks below the red line at $510.50, we’re no longer in a bullish cycle.
Upside Potential:
As long as SPY stays above the green zone, it can move toward higher targets.
Simple Plan
1. Wait for SPY to drop into the green box before buying.
2. Avoid selling SPY; it’s better to focus on buying dips in this setup.
3. If SPY goes above the (X) wave, the bearish scenario is invalid.
Key Message
This chart is about staying patient and waiting for the right time to buy. The green box is your chance to get in before the next rally.
Let me know your thoughts in the comments below! 🚀
SPY reaching liquidity zone, hedge your longsSPY reaching liquidity zone, hedge your longs. This analysis is for informational purposes only and not a financial advise.
$SPY Land of #RisingWedge's (Was this the bottom?! Orrrr...)Was yesterday the bottom? Is today continuation? Seem's like people thought this just a few days ago after 3 big days only to lead to another leg down... hmmm
Wedges are my favorite setup. Ofc @TradingView software probably spotted 0 of these because...? lol
Notice; Gap (Eyes) up both days than slight lean (circles) of towards close... #FEW
#Warning for #BottomCallers , I see more downside. Also for anyone RED out there. I'm RED today despite that NASDAQ:TSLA chart and NASDAQ:NVDA chart LOL. We're all human and make mistakes, we don't all learn from them.
-Prophecies
Restest Rejects 591 592 play again.Down she goes in my opininionDown she goes in my opinion. but still be careful here bulls wanna see 600 gap fill, bears want 576 .Have a great weekend and hope everyone making some money
Spy Road To $615I Still am long With Spy, There is no Doubt, will we see a big correction possibly in the coming months , Yes I believe But in the Meantime Money Will Be Transferred To Different Stocks & Sectors Forsure Even if we do go in a bear Market!!! So I Will Be allocating Into The Stock Sector Which I had no exposure to, that can set me up for huge generational wealth and Gains Content Out Now,, As Always Good Luck Traders And Be Safe
SPY/QQQ Plan Your Trade: Learning A or B Trading StylesYesterday, after the GDP Now data hit, I received a number of messages related to my SPY Cycle Patterns and how they work in comparison to big news data (like GDP, JOBS, PMI, & Others).
Let me try to explain one simple thing to all of you.
The SPY Cycle Patterns are based on GANN/Fibonacci Time/Price cycles. They DO NOT correlate or predict price movement based on NEWS EVENTS or other extraneous data.
The SPY Cycle Patterns are, in essence, the core price expectations related to time/price cycles WITHOUT EXTERNAL NEWS EVENTS.
They represent what price is likely to do without any big news, economic data, or critical major event taking place to disrupt the Cycle Pattern.
So, it is important for traders to understand what I call the "A or B" type of trade setup.
Price is always attempting to reach new highs or new lows - ALWAYS.
Failure to reach new highs means price must roll downward and attempt to reach new lows. Failure to reach new lows means price must roll upward and attempt to reach new highs.
It is that simple.
Price is always attempting to break above previous critical highs or lows - ALWAYS.
Thus, once you understand this as a basis of price structure/movement, then you can begin to apply more advanced patterns (Fibonacci Price Theory, Excess Phase Peak Pattern, Others) as an additional layer to price structure in an attempt to understand how price dictates all trending/movement.
Now, one must also understand when price attempts to break levels (high or low), it can REJECT at those level (after breaking to new highs or lows). This is what I call a "Washout" pattern.
Rejection happens when a new low or high is reached, but the price FAILS to continue to trend in that direction. For example, if price were to reach a new higher high, then reject, this would be an example that strong resistance exists at/near the previous high level - causing price to FAIL to maintain that new high price level. Thus, I would expect price to move downward after REJECTING at the new high levels (see above).
The reason I'm trying to teach you these price concepts is because I want you to learn to make better decisions - not learn to just "follow along". You have to learn to understand price and understand how price moves related to opportunities.
That is what trading is all about - anticipating price moves because of what you are able to discover on a price chart.
Get some. Happy Friday.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY 1-Hour Technical Analysis and GEX Insights-Jan. 3Technical Analysis (1-Hour Chart)
* Trend and Price Action:
* SPY is trading in a clear downtrend, respecting a descending trendline, with lower highs and lower lows observed.
* Current price action shows a slight bounce off the $577.74 support level, but the structure remains bearish.
* Volume: Selling pressure has been dominant, with moderate volume on the bounce, indicating cautious buying.
* Indicators:
* MACD: Showing early signs of a potential bullish crossover, signaling a short-term recovery attempt.
* Stochastic RSI: Oscillating from oversold levels, hinting at a possible relief rally or consolidation.
* Key Levels:
* Support Levels:
* $577.74: Immediate support; a breakdown could lead to further declines toward $572.00.
* $572.00: A significant support zone aligned with historical price action.
* Resistance Levels:
* $585.87: Immediate resistance near the descending trendline.
* $588.00: Strong resistance level with GEX-related CALL activity.
* $592.30: Additional resistance if the price breaks out above $588.
GEX Insights for SPY
* Gamma Exposure (GEX):
* Positive GEX Zones:
* $588.00: Key CALL wall and a significant resistance zone, indicating strong seller interest.
* $590.00: Secondary resistance with additional CALL interest and moderate gamma exposure.
* Negative GEX Zones:
* $577.00-$572.00: Heavy PUT concentration and highest negative gamma levels, providing strong support but signaling potential volatility below these levels.
* Options Metrics:
* IVR (Implied Volatility Rank): 21.9%, suggesting relatively low volatility compared to historical levels.
* Options Flow:
* CALLs: Modest activity concentrated near $588-$590.
* PUTs: Dominant below $580, reflecting heightened downside hedging by market participants.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $586.00 with confirmation of bullish momentum.
* Target: $588.00 (initial), $590.00 (extended).
* Stop-Loss: Below $584.00 to limit downside risk.
Bearish Scenario:
* Entry: Below $577.00 with strong selling volume.
* Target: $572.00 (initial), $570.00 (extended).
* Stop-Loss: Above $580.00 to cap losses.
Conclusion
SPY is at a critical juncture, with $577 acting as key support. A break above $586 could trigger a short-term rally, while a breakdown below $577 might lead to increased selling pressure. GEX data aligns well with these levels, providing clear zones for traders to watch.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk responsibly.
SPY JAN 24 callspicked up SPY $600 Jan24 calls buying the dip and looking at trump taking office to rocket us to new ATH. 2 FVGs along the way planning to be pretty much out going into the 24 accept for free runners.
SPY Key Support Zone and Trendline AnalysisThe chart represents SPY (S&P 500 ETF) price action on the 1-hour timeframe, highlighting critical support and trendline levels:
Descending Trendline:
A downward sloping trendline (blue) illustrates the persistent bearish momentum.
Price tested and respected this trendline multiple times, confirming it as a resistance level.
Key Support Zone:
A rectangular orange zone marks a significant support level where buyers previously stepped in.
Price is approaching this area, indicating a potential bounce or breakdown.
Volume Analysis:
Increasing volume towards the support zone suggests heightened activity, likely due to a tug-of-war between buyers and sellers.
Market Outlook:
A bounce off the support zone could trigger a short-term recovery, targeting the trendline as resistance.
A breakdown below the support zone would signal further bearish momentum, with potential downside continuation.
Trading Tip:
Monitor price action near the support zone and volume for confirmation of a bounce or breakdown before taking any positions.
SPY Triple Bottom, Rally time?!AMEX:SPY SP:SPX
I'd really like us to end the week above $580 in order to have this either Double or Triple bottom friends!
I could see a flash crash down to fill the price GAP at $574.81 as well.
Either way from what I'm seeing on the TVC:VIX , Economic numbers, and the charts I believe we are getting close to a bottom friends.
Consolidate down to only the best names until we receive that confirmation. They did a fake out today and another FED putting FUD into the market didn't help with the GDP projection.
Not financial advice.
$SPY #HeadNShoulders #XMasAlert #PutsRCheapAgainKeep it simple.
I'm hunting the next sign of market weakness, hopefully around these levels 598-601, will look for strong downside move past 595 and will load a mix of 1/31s 2/21s and 3/21s Puts, strike TBD.
A strong move down from this area would add to my Head N Shoulder Top Thesis.
Stay tuned, stay PAYtient.
- Prophecies
SPY to $650 in January?SPY recently retraced to the bottom of our Magic Linear Regression Channel with a large 3%+ move. Today, there was a nice bounce bounce from the channel bottom, back up to yesterday's open. So, what's next for SPY. The Magic Linear Regression Channel shows upside potential to it's baseline back at its recent all-time highs, and the potential for a higher move to the $630-$650 range. However, there is also the potential for it to fall back through the channel. Since we've been in a bull market for awhile now, that channel break would have to happen more definitively in order for that to be a likely scenario.
We've recently introduced the Magic Candles PRO indicator, which shows high volume candles that have very little price movement. When paired with the Magic Linear Regression Channel on a 1 day chart, it tends to show reversals at key levels on the Magic Linear Regression Channel. However, because we had a large move down on Weds, Dec. 17th 2024, and a large move up on Friday, Dec. 20th 2024 and ended up at the open of Thurs., Dec. 18th 2024, we get a doji on the 2 day chart that shows a massive "volume hammer" signal not seen since 2019, 5 years ago.
This signals that we are on the verge of a large sustained move. Again, because we've been in a bull market, and there aren't any very strong signs that it is over, we suspect that the large sustained move will be to the upside, because of the signal. If the price breaks down out of the channel, then we'll be in for a nice downward ride. Until that happens, though, we're bullish as we approach the all-time high again, and all the way to the $630-$650 range.
S&P 500 (SPY) - Buy Alert; Buy in the Green Box💡 Setup Overview:
We're eyeing a bullish opportunity for SPY. The suggested buy zone lies within the green box area on the chart. This aligns with the 1.382 and 1.618 Fibonacci levels, providing a strong probability for price action reversal.
🔍 Key Levels to Watch:
Entry Zone: $563 - $573
Stop-Loss: $556.50
Targets:
First Target: $602.30
Second Target: $624.29
📊 Strategy:
The plan focuses on buying dips, with no intention to short the S&P 500. This setup leverages Elliott Wave analysis and Fibonacci extensions for precision trading.
Keep an eye out for validation at the support zone before entry.
🕒 Expected Timeline: Medium-term hold.
SPY Technical Analysis for Jan. 2, 20251-Hour Chart Trading Analysis:
Current Observations:
* Trend: SPY is trading within a descending wedge pattern, suggesting a potential breakout soon.
* Volume: Slight increase on the recent candles, indicating growing interest.
* Indicators:
* MACD: Starting to show signs of bullish divergence, with the histogram nearing the zero line.
* Stochastic RSI: Moving upward from oversold territory, which is a positive signal for potential buying.
Trading Strategy:
* Bullish Scenario:
* Entry: Wait for a breakout above $588.60 with strong bullish momentum and increased volume.
* Stop Loss: Set below $577.24, the recent swing low.
* Target: First target at $595, with an extended target of $600.
* Bearish Scenario:
* Entry: If the price breaks below $577 with strong volume, enter a short position.
* Stop Loss: Place above $588.
* Target: First target at $570, with an extended target of $560.
Daily Chart GEX Analysis:
Key Levels from GEX:
* HVL: $584.41 acts as a strong Gamma Wall, suggesting a potential reversal area.
* Call Resistance: Significant resistance at $595 and $600 levels.
* Put Support: Strong support at $577 and $560.
Options Strategy:
* Bullish Play:
* Call Option: Buy calls with a strike at $590, expiring in 2 weeks, targeting $600.
* Suggested Position Size: Moderate, as IV is relatively low.
* Bearish Play:
* Put Option: Buy puts with a strike at $575, targeting $565.
* Suggested Position Size: Moderate, as IV is stable.
Summary and Recommendations:
* Trading: Monitor for a breakout above or below the wedge. Ensure confirmation via volume and indicators.
* Options: Align with the trading direction, and choose strikes close to GEX levels for maximum leverage.
* Caution: The GEX data suggests strong resistance at $595-$600 and solid support at $577-$560, making those levels critical decision points.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk effectively before making any trades.
SPY: Annual OutlookHere is my annual outlook for SPY.
Thanks for watching! And here are the levels I promised in the video:
ARIMA levels:
ETS Point Forecast at Day 252: 602.4311
ETS 80% Upper Confidence Level at Day 252: 733.9343
ETS 95% Upper Confidence Level at Day 252: 803.548
ETS 80% Lower Confidence Level at Day 252: 470.9278
ETS 95% Lower Confidence Level at Day 252: 401.3141
Happy new years everyone!
SPY Head and Shoulders
The SPY Head and Shoulders setup aligns with the majority of cryptocurrencies exhibiting similar movements, awaiting a neckline break to reach the target.
S&P 500 ETF Trust (SPY): Correction will occur in 2025📊 Chart Overview: This analysis highlights the SPDR S&P 500 ETF Trust (SPY) from an Elliott Wave perspective. It identifies key trends, corrective patterns, and long-term opportunities for investors. The broader market remains structurally bullish, with corrective dips likely providing accumulation opportunities.
Elliott Wave Breakdown
Wave Count:
- The SPY is in a long-term bullish sequence, completing Wave (I) around $610.85.
- The recent structure shows signs of a developing Wave II correction before the next impulsive move higher.
Wave II Correction:
- Wave II is expected to form an ABC corrective pattern, targeting deeper retracements within 2025.
- Wave A is projected to pull back into the $520–$540 range.
- Wave C could test lower supports near $480–$500, completing the corrective phase.
Invalidation Level:
- The invalidation level for the bullish count is $347.26. Any movement below this level negates the current wave structure.
Market Outlook
Macro Environment:
- Economic conditions, including interest rates and inflation trends, will heavily influence SPY's price action.
- Anticipate increased market volatility during Wave II but retain a bullish outlook for the long term.
Sector Implications:
- SPY's diversified exposure suggests broad market recovery after corrective dips, particularly in tech and industrials.
Key Takeaways
- SPY remains in a right-side bullish structure, with short-term corrections likely providing excellent entry points.
- Long-term investors should focus on accumulating positions during corrective phases, while swing traders can capitalize on price volatility.
💡 Reminder: Corrections are natural and necessary for healthy market growth. Stick to your plan and "buy the dips." 🚀
$SPY #NotSoHappy #NewYearsAlert #DescendingTriangleClear as day
Loaded up 585P 1/17s between 330-4p today. (Should've/Could've legged in early yesterday in 590s as that gap proved to be solid resistance aka hindsight 2020 #Notebook)
DESCENDING TRIANGLE BOOM
Investopedia link; www.investopedia.com BOOOOOOM
Wizard status?! SSSSSSSSSSOOOOOOOOOOOOON
Higher For Longer "The Trump Trade" This TradingView chart illustrates a bullish long-term projection for SPY, forecasting a sustained rally over the next four years driven by market optimism surrounding Donald Trump’s economic policies. Key technical indicators signal a robust uptrend, with historical parallels drawn from previous pro-business administrations. The chart highlights critical support zones and breakout levels, suggesting minimal downside risk as institutional buying accelerates.
Macro factors such as tax cuts, deregulation, and infrastructure spending are projected to fuel corporate earnings, pushing SPY to new all-time highs. The chart outlines a trajectory that aligns with cyclical bull market phases, emphasizing "higher for longer" price action as volatility stabilizes.
Spy Technical Analysis for today December 31Technical Analysis for SPY
SPY has been trading in a consolidating downtrend, with potential support at $577 and resistance near $600. Current price action suggests a possible attempt to retest resistance or break below key support levels.
Indicators:
MACD shows signs of a slight bullish reversal, but momentum remains cautious.
The 9 EMA is attempting to cross above the 21 EMA, indicating early bullish momentum.
Key Levels to Watch
Support: $580 (critical pivot), $577 (strong floor).
Resistance: $590 (near-term), $600 (psychological and gamma resistance level).
GEX Analysis for Options
Gamma Levels:
Call Wall: $600 acts as a major resistance, with significant positive gamma exposure (48.19%).
Put Wall: $580 shows strong negative gamma pressure, indicating key support.
Options Oscillator Insights:
IVR: 16.7, reflecting moderate volatility.
Put/Call Ratio: Slight bearish tilt, with 55.8% Puts.
GEX: -57.75% at $588, highlighting increased downside pressure near this level.
Trading Scenarios
Bullish Scenario
Entry: Above $591.
Target 1: $600, Target 2: $607.
Stop-Loss: Below $588.
Bearish Scenario
Entry: Below $580.
Target 1: $577, Target 2: $572.
Stop-Loss: Above $585.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage risks before trading.
SPY/QQQ Plan Your Trade For 12-31: Top PatternHappy New Year Everyone,
Today's pattern is a TOP pattern. This suggests the SPY/QQQ will rally in early trading, attempting to identify a resistance level and then rolling into a TOP type of pattern.
I don't expect the markets to fall much after reaching the top/resistance level. I expect it to be more of a stalling type of price action after reaching resistance.
Gold and Silver will likely attempt to confirm a base/bottom near recent lows. I don't expect too much movement in metals today.
Bitcoin moved below recent support, then rejected back to the upside. If this support fails, Bitcoin will move strongly to the downside over the next few days.
As we move into 2025, capital will start to rush back into the markets in early January. This low-liquidity phase will end near Jan 5 through Jan 8.
Be prepared for price to attempt to revert back into normal 0.5 to 1.25% price ranges - consolidating as liquidity increases in the markets over time.
Remember, the first half of 2025 will be very volatile - so buckle up and get ready for some big price rotation in early 2025.
Get some..
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Bull & Bear New Year SPY OptionsAMEX:SPY
We see the indices having a tough January. Long-term trend is still intact. The 10-year yield is a benchmark for bulls/bears. It needs to be down to 4% (currently 4.5%). If it hits 5%, the pullback will intensify. There is a high floor of support on pullbacks, notably the 50SMA ($580) and 200SMA ($550). We are not thinking bear market. We are overextended.
$595 CALL 1/13
Entry: Breakdown under white trendline
Targets 🎯: $595, $598.67
$585 PUT 1/13
Entry: Breakdown under white trendline
Targets 🎯: $585, $583.56, $580
Best of luck to you all and a happy new year from all of us at Pennybois!
🥂🎆🥳
