I SPY levels....It's a FOMC week (scheduled for Wed 5/7). So you can use your skills to scalp prior if you can.
Levels to mark...
*week hi/lo
*day hi/lo
those levels should be helpful when you spot intraday setups (if you can). if you can plan a strong $1 move, you can win $50. play to your strengths. that's all i'm going to do.
SPY trade ideas
$SPY Possible simulation with COVID, Bottom at 495 then ATH 630Lowest RSI since COVID , highest daily volume for years! but if copy the wave of COVID drop we can see some similarities. bottom by 2nd week April at 495 then consolidation at 530 then up and fighting zone between 550-560 then up and small top on June/July then All time high in Sep at 630. the idea, take long dated strangles options
SPY - short-term analysishi traders,
Let's have a look at SPY on 1h time frame.
As we can see the price created a double bottom and with the catalyst (Trump paused tariffs), the price pumped 11%.
It's approaching the resistance area and bulls are not out of the woods yet.
I expect a short-term pullback.
RSI is very overbought in 15 15-minute time frame which confirms this thesis.
Entry, target, and stop loss are shown on the chart.
Risk-reward ratio: 3,13
SPY - support & resistant areas for today April 29 2025These are Support and Resistance lines for today, April 29, 2025, and will not be valid for the next day. Mark these in your chart by clicking grab this below.
Yellow Lines: Heavily S/R areas, price action will start when closing in on these.
White Lines: Are SL, TP or Mid Level Support and Resistance Areas, these are traded if consolidation take place on them.
Sub R/S: An Area where price action could happen.
Spy Squeeze Theory $571The Liquidity Mirage: SPY’s $550 Trap?
SPY closed the day pressing into the $547–$550 zone — a major inflection level. Afterhours strength has sparked interest, but beneath the surface, this may be setting up for a high-stakes trap.
AlphaPulse Thesis:
If SPY opens or pushes above $550, our models signal one of the ugliest liquidity grabs in recent months. The move could extend to $561, even possibly squeezing to $571. But the velocity and volume behavior at these levels screams manipulated exit ramp.
Trade Expectation:
After this fake breakout move, we anticipate a sharp retrace targeting the $525–$520 zone, where true value buyers may re-emerge.
Indicators Flashing Red:
Volume Surge Divergence
MACD Overextension
Z-Score Volatility Spike
Options Flow: Put Walls Below $530
Watchlist Trigger Level:
Short Bias: Above $550
Breakdown Confirmed: Below $543
Target: $522 initial, $520 extended
Strategy Summary:
This is a classic liquidity run — institutions baiting breakouts to dump heavy bags. Be nimble, stay informed, and let JoeWtrades guide your precision.
— JoeWtrades, AlphaPulse Terminal™
SPY - 700 is not impossibleA sneaky expanding diagonal for cycle wave 5 with a blow off extended 5th primary wave (final wave) makes the most sense to me. If that's what we are seeing right now, SPY might possibly hit low 700s in the next couple of years. Gold might pull back to low 200s in the meantime for a choppy wave 4. My plan is to switch from equities to gold at spy 700. Not a financial advice. This post is for educational purpose only
480 Was Our Low This YearTrading Fam,
In my last post, I speculated that there were (2) two great areas to start your DCA back into this market. The first was at SPY 505 and I postulated that if we dropped lower, we could hit SPY 460. Not quite. Looks like our downward trajectory reached it's bottom exactly at that ascending white support line. Now here's the interesting part. That trendline was actually started way back in March of 2020, the Covid-19 crisis, when Trump was also president. I should have seen this trend but I don't think I had it drawn in until more recently. This trendline has obviously proven extremely significant and I'd advise that you draw it into your charts as well. We now have something to watch closely. I suspect that if price breaks down from here, it won't be pretty. This year, I don't think that will happen. I believe we saw our low this year upon the touch of that trendline at 480. So, if you didn't get your money started back in at the 505 level, you were not given much of a chance afterwards.
Today we can see that our price is back above numerous levels of resistance which will now act as support. Firstly, that 505 level. Next, the VRVP point of control (yellow horizontal line). Third, that pink ascending trendline. That was huge and we have confirmed the move above it now on the daily. If we stay above it by market close on Friday, we're good. That will be enough to also provide us weekly confirmation.. Finally, we are sitting right on support at 563, that pink horizontal line. All of these bullish breaks show me that price should remain above our white ascending trendline started in March of 2020 for some time, and I am guessing the rest of the year.
I remain steadfast in my bias towards my SPY Target #3 at 670-700 before sometime next year. Two targets hit so far. One to go. I am fairly confident we will hit it. At which point, it will be time to make some serious decisions about what to do next.
✌️Stew
Candlestick Patterns + Trend and Momentum: A Perfect CombinationCandlestick patterns provide valuable insights into price action, showing potential reversals, continuations, or market indecision. However, to significantly improve their effectiveness, combining candlestick analysis with trend and momentum indicators is essential. Here’s how you can use these combinations to trade with more confidence and accuracy.
1. Why Candlestick Patterns Matter
Candlestick patterns visually represent traders’ psychology through price movements, including four key prices: Open, Close, High, and Low. Some of the most common and useful patterns include:
Doji: Indicates market indecision and potential reversals.
Hammer & Hanging Man: Signals possible trend reversals at support or resistance.
Engulfing Pattern: Often marks the beginning of a significant reversal.
Morning/Evening Star: Combination patterns that strongly suggest a trend reversal.
2. Adding Trend and Momentum Indicators
Candlestick patterns alone might lead to false signals or confusion. By pairing them with other technical tools, such as moving averages, RSI (Relative Strength Index), or MACD (Moving Average Convergence Divergence), you gain crucial context to confirm the reliability of the patterns.
Here’s how:
Trend Alignment:
Using moving averages, such as the 20 or 50-period EMA, helps confirm whether a bullish candlestick pattern appears in an uptrend (strengthening the signal) or countertrend (potentially weaker signal).
Momentum Confirmation:
Oscillators like the RSI or MACD can confirm the underlying momentum behind a candlestick pattern. For instance, a bullish engulfing pattern becomes more reliable if it coincides with RSI moving upward from oversold territory or MACD showing a bullish crossover.
Volume Analysis:
Higher volume on the candle that forms the pattern typically confirms increased market interest and strengthens the validity of the signal.
3. Practical Example: Bullish Engulfing + RSI
Imagine you spot a bullish engulfing pattern forming at a clear support level after a downtrend:
Step 1: Identify the Pattern: Confirm the bullish engulfing visually.
Step 2: Check RSI: Ensure RSI is below 30 or rising, signaling oversold conditions and potential bullish momentum.
4. Why This Approach Works
Enhanced Accuracy: Combining candlestick signals with trend and momentum indicators increases signal reliability.
Improved Risk Management: Clearer signals mean more confident entries and better-defined stop-loss levels.
Reduces False Signals: Multiple confirmations reduce the risk of false breakouts or reversals.
5. Final Tips
Always look for multiple confirmations (trend, momentum, volume) before making trade decisions based solely on candlestick patterns.
Be patient—waiting for full confirmation can help avoid premature trades.
Regularly backtest and practice recognizing these combined signals to strengthen your trading strategy.
SPY Green Light to All Time Highs?As VIX is sitting around 25, this is the first Monday in I can't remember how long we aren't gapping down at open! I'll take it! There is a ton on the calendar this week: jobs, first print for Q1 GDP, PCE, ISM mfg, and a ton of consequential earnings! Not to mention will we get a couple deals announced this week. Feels like India, UK and Japan are close. This could spur a market rally to continue! Did a ton of work on Elliott this weekend, but didn't create a video. Essentially, since we closed in the wave 1 of the red C leg (on daily and weekly basis), we have invalidated a chance of a fifth leg lower (thank God!). This means we are in first impulsive intermediate 5 wave that should go to all time highs (next Apr)! Since we already have two minute impulsive waves that were similar in size, we likely will finish the minor wave 3 as pictured and then since 1 & 3 of minor waves will be similar in size the impulsive 5 wave target will be as pictured as well. Remember it is simply the net of waves 1 through 3 times 0.618 and add that to the finish of wave 4 in either case. After wave 3, we will get a pullback, but this will be a buy the dip opportunity finishing the 5th wave around 580ish. After this we will get a deeper corrective wave but if sentiment is positive it may be shallow, only 38% to 50%, so will want to re-evaluate at that point! This is why it is important if you are investing not to FOMO, as there will be many opportunities to buy the dip!
SPY - support & resistant areas for today April 28 2025These are Support and Resistance lines for today, April 28, 2025, and will not be valid for the next day. Mark these in your chart by clicking grab this below.
Yellow Lines: Heavily S/R areas, price action will start when closing in on these.
White Lines: Are SL, TP or Mid Level Support and Resistance Areas, these are traded if consolidation take place on them.
Sub R/S: An Area where price action could happen.
$SPY - Recap of Last Week
Last week we had a from bottom of the week on Monday to top of the week on Friday an 8.25% move
We opened the week with a gap down and dropped hard on Monday - and then up from there.
Tuesday gap up
Tuesday was TSLA earnings in after-hours.
Gap up Wednesday then drop back down to the 35EMA and a pretty solid squeeze into the end of the week.
So do we get violently slapped out of that gap?
SPY Buyers In Panic! SELL!
My dear subscribers,
This is my opinion on the SPY next move:
The instrument tests an important psychological level 550.55
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 532.22
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
SPY - support & resistant areas for today April 25 2025These are Support and Resistance lines for today, April 25, 2025, and will not be valid for the next day. Mark these in your chart by clicking grab this below.
Yellow Lines: Heavily S/R areas, price action will start when closing in on these.
White Lines: Are SL, TP or Mid Level Support and Resistance Areas, these are traded if consolidation take place on them.
Opening (IRA): SPY June 20th 375 Short Put... for a 3.74 credit
Comments: High IVR/>21 IV. Starting to ladder out here, targeting the strike paying around 1% of the strike price in credit.
Will generally look to roll up at 50% max to the strike paying around 1% of the strike price in credit if >45 DTE remain in the expiry and IVR/IV remains sufficient to collect 1% of the strike price in credit at 16 delta or less.
SPY/QQQ Plan Your Trade Update : EPP Flag Setup CompleteI created this video to highlight the current EPP Flag setup in the SPY/ES.
It is my opinion that the market are about ready to ROLL OVER into a downward trend because of this current EPP setup.
Once the FLAG forms (in this case a BULLISH FLAG), the next phase is a BREAKDOWN INTO CONSOLIDATION.
It is my belief the current FLAG will prompt a breakdown in price - moving into a lower consolidation range.
I'm highlighting this EPP pattern to help everyone learn how to use them more efficiently.
Get ready. If I'm right, we're going to see a big move downward over the next 2-4+ days.
Get some...
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SPY – April 29, 2025 – Where to Next After This Push?Looking at SPY on the daily chart, it’s been riding a solid recovery wave from that sharp drop in early April. The last seven sessions have all printed green candles, showing persistent demand — but now we’re pressing right into the resistance zone around $554–$555, which aligns with the top of a previous range before that breakdown. The MACD histogram is still rising, showing bullish momentum, and the Stoch RSI is curled up in overbought territory. That’s not a sell signal on its own — it just means we’re extended and probably due for a cooldown.
When I zoom into the 1-hour chart, I notice something more subtle — SPY has been grinding up within a rising wedge. The candles are getting tighter near the top channel line, and volume is starting to fade a bit. That tells me we’re at a spot where either momentum explodes higher... or this move starts to stall out.
Now, overlay that with the GEX map, and here’s what jumps out:
* $555 is a thick cluster of Call Wall and Net GEX resistance — 44.9% of second-tier call positioning is stacked there.
* Above that, $557–$560 also has GEX walls, so upside beyond $555 could get sold into unless we see strong breakout volume.
* On the flip side, $547 and $545 remain the nearest areas of downside gamma support — price tends to bounce off these zones if tested.
My Thoughts: We’re reaching a point where the path of least resistance might shift. If bulls can decisively break above $555, especially with volume and a GEX unwind, there’s room toward $557–$560. But if we get stuck here and break below $552, I’d expect some profit-taking down toward $547–$545.
Trade Setups I’d Consider:
* Bullish Breakout Trade:
Above $555 with volume
Entry: $556
Target: $559–$560
Stop: $553.50
(Ideal with IV still relatively low and GEX unwinding from that zone)
* Fade Rejection Play (If SPY can’t clear $555):
Entry: ~$554 with reversal candle
Target: $547
Stop: $556
(Volume weakness + rising wedge breakdown would support this)
Options Thoughts:
* IVR is at 29, with IVx lower than the average — premium is relatively cheap.
* GEX shows 89% PUTs, which might seem bearish, but it also suggests market makers could support pullbacks for now.
* A $555C or $560C for this week is a high-risk chase — I’d only grab it if SPY breaks and holds above $555.
* Safer might be a put debit spread targeting $547 if the rising wedge breaks down.
This week could be pivotal. SPY has had a strong run, but now it’s flirting with a crowded options zone. Watch the $555 level closely — that’s where the real decision likely gets made.
$SPY bear flag target between $387-443AMEX:SPY has been consolidating in a bear flag since April 7th. Should we break down from the flag, I can see a sharp move down to the lower support levels.
I think the most likely targets are at $443 and $409. However, it's possible we can find support at the other targets as well.
I think the move likely plays out before June. Let's see where we end up bouncing.
Invalidation of the downside would be a break over $567.