Possible Inverse Head and Shoulder Pattern?!?I originally thought this may be a triple top or triple bottom but there may be an inverse head and shoulder pattern forming. We will not know for sure until the next shoulder possibly forms which would be around the end of April, 2025.
A typical inverse head and shoulders pattern is a trend reversal pattern that signals a potential reversal in a downtrend.The SPY is currently NOT in a downward trend but this may still be an inverse head and shoulder pattern. We will have to keep a close watch on the market in the next month.
Regardless, the SPY should go upward tomorrow and for the next week as the indicators are changing to a bullish signal, including the hourly, 2 hour, etc up to and including the 6 hour indicators. The daily indicators should start changing shortly.
The targets I have in place are:
35 point move: 600. This is based on a conservative move of the last upward movement from Jan 13 to Jan 24th.
1 fib move: 613.37
7 day move: Mar 19. This is based on the last upward move from Jan 13 to Jan 24th.
If it hits one of these targets, I am out of my trade.
My stops are:
1) the low of the previous Heikin Ashi candlestick,
2) 2 red Heikin Ashi candlesticks,
3) a specific dollar amount for a total loss for my trade or
4) a specific dollar amount per contract.
If it hits one of those stops, I am out of my trade.
I am using the Heikin Ashi candlesticks.
1) They 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.
4) And, it gives you a smoother appearance making it easier to see trends and reversals. (This information is from Dr. Keith Wade who speaks at the Wealth365 Summits. The next summit is in April.)
I personally find:
* the 5 minute indicators typically represents what will happen in the next half and hour.
* the 10 minute indicators typically represents what will happen in the next hour.
* the 30 minute indicators typically represents what will happen in the daily.
* and, the hour indicators typically represents what will happen in the next week.
Typically, I would wait until there are 2 green daily Heikin Ashi green candlesticks before entering.
I use the MacD, the Stock RSI and the DMI to assist me with the direction of the market. I am not perfect at them.
I am trying to take trading classes through Udemy, mostly because they are cheap. LOL! I usually wait for a sale where the courses are as low as $14.99 instead of over $100 per course which they have regularly. As well, you may be able to get access to Udemy through your local library depending on where you live. www.udemy.com
I always try to attend the free Wealth365 Summit which is held about 4 times a year where I always pick up some more useful information. The next one will be around April. Again, I am not affiliated with this company in any way. www.wealth365.com
Happy trading everyone!
SPY trade ideas
Bullish Butterfly Pattern Formation Triggers Reversal On $SPYAround 1:30PM on 03/11/25 the AMEX:SPY formed a bullish butterfly harmonic pattern on the 4H chart, leading to a massive rally above its nearest confluent price reversal zone (PRZ). Meanwhile, the TVC:VIX which has pushed well beyond its latest bearish harmonic pattern, has finally broken below it's nearest confluent PRZ with no more potential bearish patterns left in the upside while also forming a potential bullish pattern to the downside. While AMEX:SPY has formed several bullish harmonics in the 4H during the selloff in the past two weeks, which have resulted in near term rallies, will this time be different now that the TVC:VIX has finally taken out all of its upside targets? Tomorrows economic data can be the catalyst to create continuation to the upside with a near term target of $588.
The pivot circa: SPY $551.50 WAS FREE - NO STRINGS ATTACHED - MARKET = SUPER OVERSOLD
PRIMED FOR A MASSIVE SHORT SQUEEZE
THE TRIGGER? LIQUIDITY FROM TARIFFS - THAT IS NEXT
TRUMP PLANNED IT. AND HERE IT WILL COME
On the technical side - yes, everyone sees this as voodoo magic - but it is a property of dynamic systems. What do you mean? Ahhhhh, measure and measure well from the previous move... it is a secret!!!
Don't underestimate the smartest president we have ever had...
It takes finance-trained people to forecast properly...
Wharton is a great school (Trump) - hehehe, not the school of hard knocks (or maybe rocks).
The move fits, time range, volume and positioning. Be observant ... we need you wealthy.
Some clues just because I am nice:
"Moniac Model of the economy - it is in new Zealand. that will help you visualize. The guy was Phillips".
They are all short - when you buy now you buy IOUs
What does it mean? hahaha, well a line of buyers that must buy .....
Save this post - and reference it later.
The pivot circa: SPY $551.50
Now, this is a nice post, what do you say?
Remember this post was made 31 minutes ago, that was 1.09 PM on Tuesday March 11, 2025
The concept of the Random Walk is a fallacy promoted by water cooler talkers - and you know there are so many of these troglodytes.
This one is the biggest water cooler talker of all times (my opinion). I call this practice bullshiting
Richard D. Wolff
A prominent contemporary Marxian economist, Wolff is known for his critique of capitalism and advocacy for worker cooperatives. He is the founder of Democracy at Work and author of Understanding Socialism
One more edition to this post:
The relationship between liquidity, interest rates, and tariffs.
I wanted you to visualize the Moniac (representation of the economy developed by Phillips the famed economist, that uses water to represent capital flows, you should really learn this model it will help you tremendously in the future).
Thinks of rates ruled by liquidity, The FED sells T Bills to get cash, it promised to pay interest and return the money latter. Well the Tariffs come in to banks galore, and then the FED has excess liquidity and has to sell less T-Bills so the Fed lowers the rate it will pay and that is that, so simple, and so COMMON SENSE, and yet, the crowd can't conceptualize it. No matter, the Tariffs will have this effect and rates likely will be required to come down. See now how tariffs are much better than income tax revenue, and all other taxes in reality?
According to my estimations, if we go to a tariffs based tax revenue collection, the economy in the USA stands to gain 4% points just because of this switch.
Wink wink, get smarter ....
S&P 500 is gearing up for a drop to $348.11 or even $218.26.SP:SPX AMEX:SPY are gearing up for a potential crash. Markets and indices seem aligned for a downturn.
What will trigger it?
Hard to say, but watching the stock and crypto markets, it certainly looks that way.
My expectations for SPX / SPY:
➖ Fibonacci 161.80% targets have been reached.
➖ Key downside levels: $348.11 and $218.26.
TVC:DXY
The dollar index is leaning towards growth for now. I think it might follow this scenario. Let’s keep an eye on how things develop.
SPY - support & resistant areas for today March 11, 2025The key support and resistance levels for SPY today are above.
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Understanding key levels in trading can provide valuable insights into potential market movements. These levels often indicate where prices might reverse or consolidate, serving as important signals for traders considering long (buy) or short (sell) positions.
Calculated using complex mathematical models, these levels are tailored for today's trading session and may evolve as market conditions change.
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Need any other charts daily, comment on this.
SPY: Deep Pullback or the Opportunity of the Year?The market has spoken, and SPY has taken a deeper dive, breaking key levels and raising the big question: Will it keep dropping, or are we looking at the best opportunity of 2025?
Seasoned traders know that sharp declines aren’t just moments of panic—they are moments of opportunity. With SPY reaching 558, 545, and even 525, this could be the perfect setup for a strategic, tiered entry ahead of a potential rebound.
Key Recovery Levels:
🔹 570: First profit target, capturing an initial bounce.
🔹 590: A second take-profit zone if the momentum continues upward.
🔹 607: If recovery gains traction, this could be the level where many look to lock in gains.
The market may continue to dip, but every drop presents a potential golden opportunity. What looks risky today could turn into the trade of the year tomorrow. As always, risk management and disciplined execution are key.
⚠️ Disclaimer: This information is for educational purposes only and does not constitute financial advice. Trading involves significant risks, and each investor should conduct their own analysis and manage risk responsibly.
SPY/QQQ Plan Your Trade For 3-11-25: BreakAway PatternToday's Breakaway pattern offers a fairly strong potential the SPY/QQQ will attempt to find support today. I know I've been telling everyone the markets should find support and are seeking support for the past 3+ trading days. But, the SPY has recently crossed the 50% Fibonacci pullback level and the QQQ has recently crossed the 61.8% pullback level.
These levels will act as moderate support. So, I'm urging traders to patiently wait out the early morning volatility. Today could be incredibly volatile while the markets attempt to hammer out critical support.
BTCUSD has moved to consolidation lows and will likely attempt a moderate rally up to consolidation highs.
This is another reason I believe the SPY/QQQ are attempting to base/bottom near current lows.
Gold and silver have recovered from recent lows very aggressively and are moving into a CRUSH pattern. I believe that the CRUSH pattern will resolve to the upside for metals.
At this point, I believe the markets are relatively well exhausted to the downside. But, we must let price be the ultimate dictator of trending and opportunity.
Thus, it is essential to let the markets FLUSH OUT this potential base/bottom in early trading today before getting aggressive with any trades.
Ultimately, we need to see the markets identify support in this downtrend. If we don't find any support before the end of this week, then we are going to see a very large downward price move that will invalidate many of my expectations, potentially leading to a very large breakdown in US/global markets.
Buckle up. The markets are nearing the DO or DIE phase due to how these Excess Phase Peak patterns are playing out.
I see support setting up and a base/bottom building. If I'm wrong, we'll see a continued downward price trend.
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
End of hibernation for the bears?AMEX:SPY is at a pivotal point and could potentially be at the top of the bullish cycle that began in October 2022. If this prediction proves accurate, I think we could see a maximum low of $510 for this year. There are a couple of caveats, including one that will be a clear indicator of whether or not this wave count is accurate, which I will explain later.
On the 1000R chart ($10), this uptrend was confirmed by Supertrend and volume activity. Volume drastically increased at the start of Wave (3) in March 2023 and did not taper off until the start of Wave (4) in July 2024. This was the strongest impulse in the trend, which is common for Wave 3. You can also see the ADX line of the DMI indicator (white line) was at its highest level during that period.
Assuming Wave (5) is already complete, we can observe that the volume in Wave (3) was considerably less than Wave (5).
Other observations supporting this wave count:
- Wave (4) retracing into the territory of Wave 4 of (3)
- Alternation in corrective patterns between Wave (2) and Wave (4); flat in (2) and straight down in (4)
- Wave (5) extending to nearly 1.618 of (1)
While the points I’ve made so far suggest that the market may be on the verge of a crash, the image gets more complicated when you take a closer look on the 250R chart ($2.50). I’ll start with what I’m counting as Wave 4 of (5). The price ended at ATH in Wave 3 and then corrected in an unmistakable five wave descending wedge pattern. This can only be a fourth wave of a larger impulse, so we can conclude with a fair amount of confidence that the wave that follows will be the last.
Here is where things get interesting. The price moved from $575 on January 13th to a slightly higher ATH of $609.24 on January 24th before being rejected again. This uptrend unfolded in a typical bullish pattern and left a notable gap at $584, which is the only gap still left unfilled. The trend change is confirmed on the moving averages. Notice the serious drop in volume that followed as well.
Despite the shift in volume, there are two issues I have with this wave count that are preventing me from calling this a confirmed correction:
1. Wave 5 of (5) was awfully short and only extended roughly $2 above the end of Wave 3 of (5). This does not break any rules, but it is unusual.
2. What I have labelled as Wave B of Wave (1) or (A) of the correction made a new ATH on Friday February 14th, which should invalidate this wave count since the end of Wave 5 of (5) should be the peak.
The second point is why some may think that we are about to resume the larger bull trend, however there is a possibility that they are mistaken based off the PA on the actual index SP:SPX and futures CME_MINI:ES1! . On the SP:SPX chart, we can see that the index did not break the ATH at $6128.18 set on January 25th, and instead rejected at $6,127.24.
CME_MINI:ES1! also failed to notch a new ATH on Friday and I have observed the price action create a nearly perfect bearish butterfly pattern. Also notice how the volume is significantly lower than in the uptrend that began on January 31st.
So the question remains: are we at a tipping point or will the bulls regain control? Right now it’s unclear, but I will keep my bearish sentiment until SP:SPX makes a new ATH, which will invalidate this theory. Since only the ETF that tracks it only made a slightly higher high on low volume, I’m skeptical of the PA on AMEX:SPY at the moment. This is why I entered puts on Friday.
If the trade plays out, I expect the price to quickly move to fill the gap at $584, which is still conveniently located at what I cam considering the 1.236 extension of Wave A, which is a common target extension in flat corrections. I will keep my puts open until this idea is invalidated, as the Wave C drop will likely be caused by a news event that could come at any time. Let me know if you guys are seeing the same thing or something different. Good luck to all!
SPY Possible next movesOrange Line - Trendline since November 2024
Blue Line - Trendline from 2020
SMA - Red (200) as a moving floor
SMA - Yellow (100) as a moving floor
1st Strong Floor - Resistance range 562 - 555
2nd Strong Floor - Resistance range 518 - 511
Downtrend Channel between blue lines
If the downtrend channel is broken with strength and volume, we could experience a retracement to the 584 - 595 range and then wait. However, if it is not broken and the strong downtrend continues, breaking the first floor range (wait for candlestick confirmation with bearish volume) and/or experiencing a false breakout (breakout without volume to the upside), we could expect a drop to the second floor range. It is important to wait for confirmations and execute the corresponding trades accordingly.
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$SPY Short Term Bullish atm.. idea for BullsWell... seeing is we hit my target, I thought I might bless the Bulls with a little bit of Eye Candy.... This is what you want...
The Fib breakdown of the Golden Pocket above at the 1.61... we hit the retracement... and now back to the .78
We hold here and it can get bullish quick.
Bearish Path in Next post... otherwise we make a lower high and fall to $525 and fast.
Nightly $SPY / $SPX Scenarios for March 11, 2025🔮 🔮
🌍 Market-Moving News 🌍:
🇯🇵🤝 Japan-U.S. Trade Discussions 🤝: Japanese Trade Minister Yoji Muto is visiting Washington from March 9–11 to engage in discussions with U.S. officials. The talks aim to strengthen economic ties and address trade concerns, including potential exemptions for Japanese exports from proposed U.S. tariffs. These negotiations could influence sectors such as automotive and steel, impacting market dynamics.
🇨🇳📊 China's National People's Congress (NPC) Developments 📊: The 2025 National People's Congress is underway in Beijing from March 5–11. Key economic targets and policy directions set during the NPC may affect global markets, including the U.S., especially in areas related to trade, technology, and foreign investment.
📊 Key Data Releases 📊:
📅 Tuesday, March 11:
📄 JOLTS Job Openings (10:00 AM ET) 📄:This report provides data on job openings, hires, and separations, offering a comprehensive view of the labor market's dynamics.
Forecast: 7.71 million
Previous: 7.6 million
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
SPY Stock Chart Fibonacci Analysis 031025Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 549/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
$SPY: Possible Bullish Reversal [LONG]Sentiment indicators and volume patterns all point to a local bottom forming on the 4H chart. These signals, along with supporting technical indicators, strongly suggest that $555 marks a local bottom and a reversal from the current lows can be expected.
Watch closely for confirmation as SPY potentially starts moving higher from here.
$SPY - We could see a bounce within this weekSince the uptrend began in November 2023, the AMEX:SPY has experienced a drawdown of approximately 9-10%, with 11% being the maximum drawdown.
Similarly, drawdowns have typically overshot below the 200-day moving average (200DMA) by an average of 3%.
By this measure, the worst-case scenario for this drawdown could see AMEX:SPY fall to the $544 to $542 range.
I think we could see a bounce within this week.👀
SP:SPX
Market Crash? No: Sector Rotation!The news is catching up (two weeks late) to the stock market heading into bear territory but that is NOT the whole picture! Investors need to know that there are winners out there in quality stocks as the risky YOLO plays (tech, crypto) are losing. This specific rotation perfectly fits the model of the stock market rolling over into bearish territory.
Follow the money!
SPY - Liking the 560 areaThe fibs lined up just under 560 for a few time frames so I'm entering at this point.
Many expected a Primary Wave 4 to occur before a fifth wave higher. Can't be sure how long this will last but surprised that people might be spooked by recession talk. Seems that we have been in a recession for quite a while, although it hadn't been reflected in the stock market numbers. Certainly, jobs data for the previous year seemed unbelievable and manufacturing has been in a recession for quite a while.