SPY Trading plan for 10/17Gap higher this morning. Opened at 585.91. ATR right now for the day is 5.51. Low of 580.40, high of 591.42. I'd want to see this come down to 582 before entering a long position with a target of 588. Longby MMOTA_Published 0
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 RLB512Published 1
SPY Ascending ChannelI'll consider SPY bullish until it makes a lower low below 579, but a a channel break could lead to a quick flush. You could enter long on the trendline if it tests again and holds, or wait for a break below and retest for a short. Final downside target would be at 575 which was a previous ATH that has flipped to support and held on the first test already.Shortby AdvancedPlaysPublished 0
$SPY October 17, 2024AMEX:SPY October 17, 2024 15 Minutes. Shorted at 582.5 levels SL 584 Target 579-580 being 50and 100 moving averages. Cons: Price above 9,21,50,100. Elliott oscillator is also green This market is not good for shorting. Shortby RiderTraderPublished 0
10/16/24 SPY LEVELSThese are the levels I will be watching for tomorrow. Overall I am bullish. I would like to see a nice rip to the upside and find a trend entry on a pullback to a fib level or in a FVG. we will see how this plays out. Stay patient in this market. Long02:51by carsonusa5Published 0
SPY Trading Plan 10/15I kind of want to see this pull back to about 583.43 or 582.51 before another push higher. ATR at 5.73. High today is about 589.96 and low of today is about 579.22. Could be a quite day. I'll probably want to get in a long position if it pulls back. Longby MMOTA_Updated 0
This is how $ES_F Rejected $5918 Today?This is how $ES_F Rejected $5918 Today? The video will go more in detail about it but pretty much SPY gamma $585 and $590 had a lot to do with it. 05:46by WallSt007Published 1
Healthy CorrectionAs all waveforms and resistance to support conversion, some locations have yet to be tested, this charting is my opinion on where we need some support taps in order to never see those price values every again, we can only go up for so long until exhaustion. Always.by SuperScholarXYZPublished 0
SPY Technical Analysis Tomorrow ( 10/14/2024)1. Trend & Price Action: Uptrend Line: SPY is riding an ascending trendline. The price has pulled back slightly but remains close to the trendline, suggesting buyers are still defending this upward momentum. Support Zone: The green zone (around 576.13 – 577.59) is a key support area. If this support holds, there is a possibility for a continuation toward 580.33 (the recent high). Resistance Level: Immediate resistance is around 578.54 – 580.33. If SPY can break this level, it could attract more buyers for another leg up. 2. Volume: There are increased volume spikes on recent sessions, especially near support zones. This indicates heightened activity at these levels, either from buying interest or short covering. 3. MACD: The MACD is slightly bearish, with the MACD line below the signal line. This indicates some short-term weakness, suggesting caution with long entries until momentum improves. 4. Key Levels to Watch for Tomorrow: Support: 577.59, 576.13 If SPY falls below these levels, it may test 570 or even 565.31 (highlighted in red on your chart as a significant level). Resistance: 578.54, 580.33 A breakout above 580.33 could trigger buying momentum toward 585. Potential Trading Plan: Bullish Scenario: If SPY bounces off 576.13 and breaks above 578.54 with volume, consider long entries targeting 580.33 or higher. Bearish Scenario: If SPY breaks below 576.13, look for short setups targeting 570 or even 565.31. Disclaimer: This analysis is based on technical indicators and is for educational purposes only. Markets carry risks, and it is essential to conduct your own research and manage your risk accordingly. Always use stop losses and never trade with more than you can afford to lose.by BullBear-InsightsPublished 1
S&P uptrend continues as the market cheers strong earningsLast week, the bulls finally gained the conviction needed for a breakout. Fueled by strong banking earnings, the market has moved upward from its trading range, reaffirming the long-standing uptrend. Both the short- and long-term outlooks remain bullish. More earnings reports are set to be released next week, but unless there are significant surprises, nothing is expected to change. Longby hermes_trismePublished 0
SPY BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! We are going short on the SPY with the target of 545.10 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsPublished 111
YEP! ALL-TIME HIGHS BABY! You're welcome! :) Pretty simple... After identifying a candle with buying pressure, last week I announced that we would very likely be hitting new all-time highs simply by following the N# pattern that was unfolding at that very moment with precision. VALIDATIONS ARE THE KEY TO PREDICTING A MARKET MOVE. But what do I mean? Here’s a recap of the moves I got in 1 week: #1 It gave me a breakout. #2 It gave me an exact retracement to my order block area that I was looking for. #3 It gave me the volume I needed to see. #4 It gave me a volume candle with buying pressure. #5 It gave me an immediate bullish structure. #6 The "N3" pattern is being fulfilled precisely. How many validations do I have so far? 6 Validations!!!! Don’t you think we’re in a bullish scenario where, with all these validations being met exactly, we could see a new extreme, breaking new all-time highs? OF COURSE WE ARE! The more validations you have in an analysis, the more likely the scenario you’re looking for will be fulfilled correctly. Now... Going back to SPY, all-time highs are uncharted territory! We must be very cautious, and as soon as the retracement begins, I’ll start my analysis again. Best regards, and I hope this mini-lesson helps fine-tune your price analysis process. Thanks for supporting my analysis. Best regards.Longby RocketMike111Published 1
General Channel Outcomes Historic Trends SP500 + market overallSelf- explanatory, the most basic type of trend hunting is the channel movements and their natural exits.by SuperScholarXYZPublished 0
Opening (IRA): SPY Oct 18th 515 Covered Call... for a 511.00 debit. Comments: After taking profit, re-upping here out in October, selling the 84 call against long stock to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Going lower delta here, since I've already realized gains for (basically) September. There is a divvy to be had in Sept, with the last distribution being 1.76, so this will improve the unsexy ROC %-ages somewhat ... . Metrics: Buying Power Effect/Break Even: 511.00/share Max Profit: 4.00 ($400); 5.76 ($576) with dividend, assuming a 1.76 distribution. ROC at Max: .78% ROC at max; 1.13% ROC (with dividend) 50% Max: 2.00 ($200); 3.76 ($376) (with dividend) ROC at 50% Max: .39% ROC. 74% ROC (with dividend) Will generally look to take this off at >50% after the dividend drops or look to roll out in-profit short call to maintain net delta at +25 or less.Longby NaughtyPinesUpdated 6
SPY 10/10 Trading PLanToday, we opened at 575.77 with a current ATR of 5.80. The range for today will be between 581.57 to 569.97. VIX at 21. Let's see if it wants to continue higher to test 581. I think it may just base here. But if it does climb up to 580 or 581 ill look at price action there and see if I enter a short position. If we come down to 569ish, I look to get into the upside. In the meantime, I'll sit on my hands. I don't think much is going to go on today. Lets see what happens.by MMOTA_Updated 0
SPY for Tomorrow (10/10/2024)Key Levels Support: 572.44: A recent support level indicated on the chart, near the current price range. 565.82 - 565.25: This zone represents a strong demand area, as indicated by the red bars below, which may act as a buffer if price retraces. Resistance: 577.71: This is the most recent high, indicating potential resistance if SPY tries to break upwards again. 580 level: Based on the trend, this could act as psychological resistance as well. Trend Analysis: Shows an upward trend indicated by the diagonal line, but there’s some consolidation happening near resistance. There’s also potential for a pullback to test lower support levels before making another upward move. EMA Lines: Short-term moving averages (like the ones shown) suggest bullish momentum as the price is trending above both EMAs. If price stays above the 573 level, the trend may continue upward. Strategy for Tomorrow: Bullish Scenario: If SPY opens strong and breaks above 577.71, you may look for a quick move toward 580. However, be cautious of any resistance forming at these higher levels. Bearish Scenario: If SPY fails to hold above the 573 level, look for potential support around 572.44 or lower at 565.82, which could provide a good entry point for a reversal. Disclaimer: This analysis is for educational purposes and should not be taken as financial advice. Always perform your own research and consider consulting a professional before making any trading decisions.by BullBear-InsightsPublished 3
$SPY October 10, 2024AMEX:SPY October 10, 2024 15 Minutes. 2 days patience paid off. AMEX:SPY broke 575 made a high 577.06 and retraced back to 575 to make a new high 577.71. So consider the 2 fibs Rise from 574..99 to 577.71. For this holding 575-576 is important. For the fib extension 564.49 to 573.36 to 566.63 (because two LL 566.24 and 565.49 had oscillator divergence) 100% extension was 575 levels. Hence was waiting to cross 575. Now holding 575 which is 38.2% retracement for the rise 566.63 to 577.71 we have a target 578-579 levels. On downside it is important to hold 570 levels as it is 61.8 retracement for the last rise from 566.63 and also 20 averages in 15 minutes. So today I will buy on retrace at 575-576 levels for 579 as target. The small rectangle box drawn is crucial to hold today. Longby RiderTraderPublished 0
SPY Ascending Wedge PathsNice rally for SPY off 565, now it's all the way back to the top end of the range near ATH. Nice little ascending wedge here, I'll be looking for longs on a retest if we break up above the wedge and past ATH. It could also be a good long if it pulls back to the bottom end of the wedge and holds. If we get the downside break, first target is the bottom of the range again around 565 and then the 560 area for a final target. Another bearish scenario would be a brief ATH break that has a hard rejection at the top end of the wedge and can't hold the previous ATH on a retest.by AdvancedPlaysPublished 0
SPY 10/8 0DTE Strat. The market opened up at 570.42 today with an ATR of 6.03. We could climb up to 576.45 and down to about 564.39. On the 15-minute chart, we have a gap that we can fill at around 572.80. That was right around the high on Oct. 4th. I have the 569 strike and looking for this to fill the gap at around 567.80 by the end of today. I set up for max loss, so if this runs higher, I'll let this become worthless. 567 will be my exit point. Shortby MMOTA_Updated 0
Weekly $SPY Options SPY Options to Kick off October Election is less than a month away. Investors are taking profit and repositioning defensively until after the election noise. VIX over $21. We’re still just 3% off from all-time highs. The next catalysts are rate cuts, job numbers, and earnings. We expect volatility until the election noise settles. This week, we are leaning bearish to start the week. However, the upside trade has the most room for continuation. We are using 15-30 minute candle closes for confirmation. Best of luck! $569 Call 10/16 Entry: 15-30 minute confirmation OVER $568 Targets: $569, $571, $574 $565 Put 10/16 Entry: 15-30 minute confirmation UNDER $568 Target: $565 AMEX:SPY by PennyBoisPublished 1
$SPY October 8, 2024AMEX:SPY October 8, 2024 Let the box sort out first. No point in drawing anything until a trend is known. Also, in 15 minutes below 200 averages. No trades for me. As per fib a buy above 572 will target 575 and sell below 570 target is 567- Not worth taking a trade.by RiderTraderPublished 0
SPY/QQQ Plan Your Trade 10-7 Roadmap UpdateThis short video updates traders related to the SPY & GOLD Cycle Patterns and how I see price playing out over the next 48+ hours. I also highlight the resistance level setting up in BTCUSD. Should be interesting to see how this plays out over the next 4+ days. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long10:49by BradMathenyPublished 223
Decisions Decisions...We are tightening up which signals a possibility of increased volatility in the near-by future. Longs have to protect previous all-time highs of $565 to continue further upside. Shorts have to protect $575 to prevent new all-time highs. What do you think will happen in the upcoming times to come? by Smarter_TradesPublished 1