SPY (S&P 500 ETF) Weekly Technical Analysis4H Chart (Short-Term View)
Trend: Ongoing bullish momentum with dominant green candles.
Key Breakout: Strong breakout above the $594–$596 resistance zone, which now acts as support.
Volume Profile (VPVR): A low-volume area between $595 and $610 suggests potential for a swift move higher.
Indicators: The Ichimoku Cloud shows rising support, with positive band compression.
Projection: As long as the price holds above $594, there is potential to test the $610–$615 area.
Daily Chart (Medium-Term View)
Fibonacci Levels: The 0.786 level was broken decisively, indicating strong bullish momentum.
Trend: Clearly bullish, supported by declining volume on pullbacks and steady upward movement.
Volume: Consistent increase in buying volume since April strengthens the bullish case.
Upcoming Resistance: $610–$615 (previous highs).
Weekly Chart (Long-Term View)
Recovery: A solid rebound from the March lows.
VPVR: The high-volume node between $455 and $475 has been left behind, now acting as a structural support.
Macro Trend: Price has returned to a previous consolidation area from the prior bull market.
Risks: While there is room for further upside, the $610 area could act as both technical and psychological resistance.
Key Levels
Immediate Resistance: $610–$615
Technical Support: $594–$596
Structural Support: $560 (significant volume cluster)
Conclusion
SPY maintains a strong bullish structure across all timeframes, with sustained upward momentum and room to challenge previous highs. The reaction around the $610 zone will be critical. As long as price holds above $594, the structure remains favorable for buyers. However, given the lack of historical volume in this price range, short-term volatility or pullbacks are possible.
Disclaimer:
This analysis is intended for informational and educational purposes only. It does not constitute financial advice or an investment recommendation. Always assess your own risk profile and consult a licensed professional before making investment decisions.
S27 trade ideas
SPY Breakdown – May 16, 2025📉 SPY Breakdown – May 16, 2025
Posted by ThePlotThickens
We’re hitting resistance at the top of this price channel, and I think we drop to 585-587 tomorrow. I believe the market has topped for now.
Most of the market looks weak, overbought tapping resistance walls, except for the big tech names that just keep running (especially chip stocks — total madness. Endless speculative market cap for chips lol). But overall, it feels like things are starting to slow down, not dumpy per se.
👉 Key Levels:
We’re right at the bottom of the Feb 2–5 weekly candle, when the Trump tariffs were dropped. This is a major support zone, and a lot of traders are watching it. Also, a quick reminder — weekly candles are super important right now. They show the bigger trend and are way more reliable than just looking at daily moves.
We might still tap the low of this week’s candle, but I believe 575 is the real line in the sand. That level marked the start of our bull run. As long as we stay above it, the long-term trend still looks strong.
💸 Short-term outlook:
I expect profit-taking tomorrow — probably a red day. Even if Trump tweets again, I doubt it does much unless he removes all tariffs (which would be wild). It took 6 weeks to get here.
📌 My main point:
Keep your eyes on 575 support. If we close the weekly candle above that, bulls are still in control. That’s the psychological level most traders are watching. If we drop below, we could revisit lower zones before trying to go higher again.
🔴 Channel Resistance at the top — The “toppy” zone where price is struggling.
🟠 Short-term target at 583-585 — Where you expect a drop.
🟢 Major Support at 575 — The key psychological and technical level.
🔴 Watch Zone below 575 — Where bulls could lose momentum.
Opening (IRA): SPY June 20th 490 Short Put... for a 5.26 credit.
Comments: Targeting the strike that is both at 16 delta or below and that is paying 1% of the strike price in credit ... .
Metrics:
Buying Power Effect/Break Even: 484.72
Max Profit: 5.26
ROC at Max: 1.09%
Will generally look to ladder out at intervals, assuming I can get in at prices better than what I currently have on, roll out at 50% max ... .
SPY Charging Toward $593? JoeWTrades AlphaPulse Says YES.
After-hours we’re sitting at $573, and the AlphaPulse Momentum Suite just fired a major dual-confirmation breakout signal.
Here’s why $593 is in reach within 2 weeks:
Technical Backing:
RSI (14): 72 — strong bullish continuation without divergence.
MACD (Fast/Slow): Fresh bullish crossover with expanding histogram = momentum ignition.
Squeeze Pro Indicator: Just released from squeeze with explosive green bars.
Volume Surge: Smart money accumulation above $568 on aggressive volume.
Fibonacci Extension (1.618): Maps to $593–$595 from prior leg ($543 → $573).
Gamma Pressure Zone: $570–$580 shows extreme call OI buildup — market makers likely to push through.
Max Pain: Below spot (at $565) = upward pressure through weekly expiration.
AlphaPulse Signals Fired:
"💎 Run Mode: SPY - Confirmed"
"🔥 High IV Zone Breakout - Validated"
"🚀 Aggressive Entry at $572 Triggered"
Target: $593
Stop: $567
Watch for confirmation above: $576 daily close.
Timing Window: 7–10 trading days.
Fyi my first T/P is $584
and as always safe trades and JoeWtrades
SPY Breakout Watch: Triangle Pressure Builds Above 590SPY has surged in a strong V-shaped recovery from the March low of ~480 to testing major resistance around 595–600. The daily chart shows sustained higher highs and higher lows, but price now stalls at a key supply zone with multiple doji candles—signaling indecision. A rising trendline provides strong support near 570.
Zooming into the 60-minute chart, SPY forms an ascending triangle with flat resistance at 590 and rising support from 584. Volume contraction suggests accumulation, priming a potential breakout. A 60-min close above 590 targets 596, with a stop under 588.
On the 15-minute timeframe, bull-flags form frequently after morning gaps, with breakouts typically launching 4–5 points higher. VWAP and the 20-MA converge near 588.5, making it an ideal pullback entry zone.
Strategy for May 19–23:
Long on a clean breakout above 590 (target: 594–596)
Stop under 587.5–588
Caution if daily closes below 570
Expect early-week upside tests of 590–594, followed by a potential breakout toward 595–600. If a high-volume rejection occurs near that zone, a quick scalp-short may be in play.
SPY/QQQ Plan Your Trade For 5-16 : Gap Potential PatternToday's pattern suggests the SPY will attempt to GAP at the open. The current price structure suggests the SPY/QQQ are in an upward FLAGGING formation related to a broad Excess Phase Peak pattern. I believe this upward trend will continue until price attempts to break either the upper previous Ultimate High pattern or break the lower channel of the current FLAGGING formation.
The wonderful thing about these Excess Phase Peak patterns, and other techniques I'm trying to teach you, is that they provide very clear triggers/directions/opportunities for traders who understand these patterns.
Today, I highlight my SPY Bias (Primary & Secondary) trending system that shows the SPY is much weaker than many people believe. Because of this, I believe we are potentially nearing an Exhaustion Peak in the SPY/QQQ - time will tell.
The use of my extended Biasing systems and Custom Index charts helps me understand what is taking place behind the SPY/QQQ price action. It's like peaking behind the curtains in terms of what my Custom Indexes and other specialized data can provide. I can see what is really taking place related to price action - moving beyond the simple SPY/QQQ charts.
Gold and Silver appear to be setting up an Inverted Excess Phase Peak pattern off a potential Ultimate Low in price. It will be interesting to see how this downward price flag plays out over the next week+. If this pattern holds, we should see the FLAG end and price should rally up into the consolidation phase. Very exciting for metals.
Bitcoin, which tends to lead the SPY/QQQ, is stalling near a peak. Keep your eyes on BTCUSD over the weekend as I believe we may be able to identify how the SPY/QQQ will react on Monday by watching what BTCUSD does.
Thanks for being patient and understanding my schedule over the past 30+ days. I've had multiple family member visit the hospital over the past 5-6+ weeks and my world has been filled with doctors, hospitals, follow-ups, work, and trying to keep everyone healthy and away from trouble.
It appears these issues are starting to get more settled - which means I'll be able to stay more focused on work - instead of driving around everywhere and waiting for appointments.
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
Nightly $SPY / $SPX Scenarios for May 16, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 16, 2025 🔮
🌍 Market-Moving News 🌍
📉 Jamie Dimon Warns of Possible Recession
JPMorgan Chase CEO Jamie Dimon cautioned that a U.S. recession remains a real possibility amid ongoing uncertainty from the Trump administration's tariff policies. Speaking at JPMorgan’s Global Markets Conference in Paris, Dimon stated that while he hopes a recession can be avoided, it should not be ruled out.
💵 Stablecoin Legislation May Bolster U.S. Dollar
U.S. policymakers are advancing legislation to regulate dollar-linked stablecoins, aiming to reinforce the strength and global status of the U.S. dollar. The proposed Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act) seeks to regulate stablecoins and their issuers, potentially anchoring the dollar's influence in the global financial ecosystem.
🏠 The Great Property Sell Fest Begins in India
The Great Property Sell Fest, a first-of-its-kind property festival in the Indian real estate market, is scheduled to take place from May 16 to 18, 2025. The event will be hosted across key locations including Gurugram, Noida, and Panipat, offering a unique platform for homeowners looking to sell their properties at premium prices.
📊 Key Data Releases 📊
📅 Friday, May 16:
8:30 AM ET: U.S. Import and Export Price Indexes for April
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
SPY/QQQ Plan Your Trade For 5-15 : CRUSH PatternToday's CRUSH pattern could play out as a very big downward price move if the 578-580 level is broken. CRUSH patterns are usually very large-range price bars. Yes, they can be to the upside as well (depending on recent trending).
A CRUSH pattern is usually in the opposite direction of recent trends. Thus, I believe today's CRUSH pattern will be to the downside.
Although I believe today could be very exciting for traders, I urge all traders move with caution in the early 30min to 60min of trading today. I believe the SPY/QQQ will attempt to establish a range (early trading range), then work to break away from that range.
Traders should be very cautious of getting married into a direction/position in early trading. Let the market tell you where it wants to go.
Gold and Silver appear to have setup the Ultimate Low overnight. Now, we'll see if metals can move higher throughout the rest of this week and build a base for the next phase higher.
BTCUSD seems to have started to roll over (top), but I urge traders to stay cautious of the current upward FLAGGING trend. Until BTCUSD breaks below $96-97k, I would still consider it to be trending upward.
Going to be a busy day for me. Stay safe as I'll be on the road most of the morning.
GET SOME.
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Staring Down A Market Crash - $400 Target for SPY"B" waves are phonies. They are sucker plays, bull traps, speculators' paradise, orgies of odd-lotter mentality or expressions of dumb institutional complacency (or both). They often involve a focus on a narrow list of stocks, are often "unconfirmed" by other averages, are rarely technically strong, and are virtually always doomed to complete retracement by wave C. If the analyst can easily say to himself, "There is something wrong with this market," chances are it's a "B" wave.”
— The Elliott Wave Principle
In my last major idea for SPY, I predicted a bear market rally would take the price to $580 by early May. Now that we have arrived at the target, I am writing again to call for a major market reversal — a crash that will take SPY down to $400–$450 in the coming weeks. There are several factors that I am basing my assumptions on, and I will break them down briefly.
Before I do that, I would like to add to the quote above that I find B waves to be one of the most fascinating market phases. In larger degrees it is interesting to observe how sentiment changes over time and how price action can trick even seasoned traders into thinking the bear market has been vanquished, when in reality the worst lies ahead. In this instance, the collective euphoria is understandable; the trade war seems to be in retreat and inflation has remained tame. What is left to worry about? Who knows — but what I can say is that there are signs that there is still fear in the market and indices are currently at a level where they will be highly sensitive to any bad news.
Here is how I’m counting Wave (B) on the 200R ($2) chart. The price retraced to nearly 0.618 of A (0.382 level on the fib extension) and entered Wave C. I will admit that the PA in Wave C was confusing at first. As I mentioned in my previous idea, I expected the price in Wave (B) to rise to around 75% of Wave (A) and would spike above the daily 50/100/200 MAs. However, the uptrend was choppy and slow — held back by low volume and multiple traps for both sides. Fortunately, the further a trend moves along, the more clear it becomes. I am now counting Wave C of (B) as an ending diagonal, which is common in C waves.
In the diagonal, the price rose in five distinct waves once it entered the channel, with Wave (v) throwing over the top and being met with heavy resistance, which happens to be at the 1.618 extension of Wave A. While this is nearly a perfect diagonal per the rules, one issue I will point out is that Wave (iv) stopped just short of Wave (i) territory. Typically in a diagonal it should retrace into Wave (i); however, I’ll consider this to be close enough.
If the price were to move higher, the next target would be the 2.00 extension of A ($612.70). This would be near the previous ATH, which would signal a flat correction. While this is not impossible, I am going to stick with my initial instinct that the price will reverse around this level when other market indicators are taken into consideration. More on that later.
On the weekly chart, there is volume divergence and a major gap that was started this week at $570. Additionally, if Wave (B) were to end this week, it may end up with less volume than Wave (A). Since Wave (A) lasted for 8 weeks (a Fibonacci number), my box for Wave (C) is the next highest in the sequence — 13. This is just a guess, but if we were to see a similar pattern play out, AMEX:SPY should bottom out in late July or early August. The Weekly 200MA should be an important area of support, so be sure to keep an eye on that.
Also, do not forget to check the Monthly chart. Here we can see that April has a very long downside wick. I would expect to see this get filled in.
Lastly, on the daily chart, here is a recap of where we are in relation to my previous idea calling for $580 on SPY. As I predicted, the price popped above the 100MA and is finding resistance. The 100MA is ready to cross the 200MA, which can be thought of as a second death cross, if you will. I also have boxes here to show the unfilled gaps to the downside. With the trend being this exhausted, I would expect to see both get filled in soon.
Bearing all of this in mind, some people may argue that the technicals do not matter in this environment. After all, some of the headwinds that caused the first crash have dissipated and recession fears seem to be waning. While I won’t argue against any of that, there are other signs that the market is not out of the woods yet. Looking beyond SPY, TVC:US10Y has been on the rise and is on track to make a higher high. I’m targeting 5% over the coming weeks. I have another idea that looks more closely into this so I won’t elaborate any further in this post; however, this is one sign that institutions are risk-averse when it comes to the US economy.
The other component of this assessment is that the dollar appears to be heading lower. The chart above is inverted to more easily show what appears to be a classic impulse wave structure entering Wave 5, which could take TVC:DXY to the 1.618 extension of Wave 1 — around $96.68. If this were to play out, the dollar index would reach its lowest level since March 2022. This could spur a debt crisis where the Fed will have to make difficult decisions. If they start cutting rates to lower yields, it could also add further downside pressure to the dollar, which could make finding the right balance difficult. Keeping rates higher for longer and buying back Treasuries would be the preferred route, but Powell could face mounting political pressure to start making cuts if it seems the situation is getting out of hand, and could lead to more trouble down the road. This strain could be a possible fundamental backing for a stock market sell-off, so it is important to pay attention to.
Lastly, the final signs that indicate to me that a reversal is coming soon is that this uptrend is losing breadth. This is evident when looking at indices that are not weighted so heavily by mega cap tech stocks, such as TVC:DJI and $RUT. It was striking to see AMEX:DIA and AMEX:IWM down Tuesday and Wednesday while AMEX:SPY and NASDAQ:QQQ inched higher. On AMEX:DIA , the 100MA is starting to cross the 200MA and volume is picking up. Once tech starts selling off, we will see the other major indexes tumble.
I could keep going on and on, but you get the point. Here is TVC:VIX at a critical support level and starting to reverse higher. One last comment on B waves is that it is dangerous to follow the herd during times like these. Trust the technicals, and when something seems off — trust your instincts. We will never know what news is around the corner, but financial markets are so vast that we should assume that all factors known and unknown to the general public are being priced in real time.
As the next phase of the downtrend gets going, it will be easier to predict the bottom with greater accuracy. For now, I’m keeping the range wide and will look for $400–$450. As always, thank you for reading and let me know what you think.
Nightly $SPY / $SPX Scenarios for May 15, 2025 🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 15, 2025 🔮
🌍 Market-Moving News 🌍
📊 Producer Price Index (PPI) Release Today
The Bureau of Labor Statistics will release the April PPI data at 8:30 AM ET. This report will provide insights into wholesale inflation trends, following the recent Consumer Price Index data that showed inflation easing to a four-year low.
🛍️ Walmart ( NYSE:WMT ) Earnings Report
Walmart is set to release its earnings today, offering a glimpse into consumer spending patterns amid ongoing economic uncertainties. Investors will be watching closely for any indications of how inflation and trade policies are impacting retail performance.
👟 Foot Locker Acquired by JD Sports ( NASDAQ:JD )
JD Sports has officially acquired Foot Locker ( NYSE:FL ) for $1.6 billion ($24 per share). The deal aims to consolidate market share in the sportswear and athletic retail sector, with JD expanding its U.S. footprint. Foot Locker shares surged 67% premarket following the news.
💻 Nvidia ( NASDAQ:NVDA ) Faces AI Export Rule Implementation
The U.S. government's AI Diffusion Rule comes into effect today, potentially restricting Nvidia's chip sales to certain foreign markets. This regulatory change could influence Nvidia's stock performance and has broader implications for the tech sector.
📊 Key Data Releases 📊
📅 Thursday, May 15:
8:30 AM ET: Producer Price Index (PPI) for April
10:00 AM ET: Manufacturing and Trade Inventories and Sales for March
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
SPY using the DXY as a ratio for dollar fluctuationSimple plotting the SPY against the DXY and running parallel channels from significant pivots can help...
But then using a Log scale to help smooth out erratic price movements and allow more linear price analysis you get what is above.
Just a simple set of levels that are found by taking the same point on both graphs and then doubling the channel on the SPY graph so to better see the price, consider it a fractal of sorts in regard to the original channel.
Below is the original channels without Log scale...:
SPY Technical Outlook – Bullish Continuation Favored Above $584SPY remains in a strong uptrend, confirmed by a bull flag breakout on the daily chart, with price currently testing the $588–590 resistance zone. A rising channel on the hourly chart has guided price since early May, with repeated bounces off the lower trendline around $578–582. Recent volume expansion on breakouts reinforces bullish conviction.
On the 15-minute chart, a breakout and retest setup around $585–586 suggests a low-risk intraday long opportunity. The intraday VWAP and moving averages support this level, with momentum favoring a push toward $590. A failure to hold $584 could open downside to $582 or $578.
The near-term trading bias remains bullish above $584, with targets of $590–592. Short-term traders should look to buy defined pullbacks with tight risk, while watching for volume to confirm continuation. If $590 breaks with strength, swing targets extend to $595–600. Conversely, a breakdown of the hourly channel would favor quick shorts targeting support zones below.
SPY/QQQ Plan Your Trade For 5-14 : Carryover PatternToday's pattern suggests the SPY/QQQ may attempt to stay somewhat elevated. The Carryover pattern is essentially a pattern saying, "expect more of the same type of trending today".
I would suggest the SPY/QQQ are somewhat extended and may pause a bit today.
I shared a chart I created back on March 23, 2025 that I found very interesting - showing a big rally in late-April/early-May. If that chart continues to be accurate - it suggests the markets may attempt a reversion move to the downside over the next 20-30+ days.
Time will tell if my predictions play out accurately or not.
Gold is moving into new BEARISH trending on the GOLD Cycle Patterns. After an extended consolidation phase in metals, this shift in the trend models was going to happen at some point.
Now, we need to see if Gold/Silver can hold above recent support or not. Even though I believe Gold/Silver are poised for another big rally, the disruptions related to the global economy and tariffs seems to have taken some of wind out of the sails of the metals rally (for now).
Bitcoin continues to lead the SPY/QQQ. Keep an eye on what BTCUSD does over the next 7-15+ days as I believe it will lead the US markets in trending (still).
Get some.
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SPY Broke The Sine-Wave Center - Not GoodWe see the 3 tiny arrows—proof that price was rejected by those who knew.
The Trend Barrier, once solid support, cracked without resistance. Price dropped right back into the Medianline set.
The small pullback? Totally expected—just like the Medianline rules suggest. Then came the brutal drop, textbook-style, straight to the Centerline.
The springboard move back up to the U-MLH and the Trend Barrier? No surprise—if you understand the Medianline Framework. Because this is just P2.
Also—watch the white line. That’s what I call the Sine Wave. Why does it matter? Because the center point (where the red pullback arrow is) often gets breached in a fake move... right before price reverses hard. From P2: down, down, down... lower than P1.
AND THAT SHOULD SCARE THE HELL OUT OF YOU!
…if I’m right 😈
But if it fails?
Then we’re looking at a monstrous V-shape recovery—one that could send the indexes skyrocketing.
So there you have it.
What’s your direction?
Let me know—and tell me why! §8-)