Instrument: NASDAQ 100 E-mini Futures (NQ1!) Timeframe: 30-Minute Chart Trade Type: Long/Short (Based on Smart Money Analysis) Smart Money Concept: Institutional Order Flow: Identify areas where institutional traders are likely to enter or exit positions. Liquidity Zones: Focus on areas of high liquidity where price is likely to react. Fair Value Gaps: Gap...
Look to short Today use higher time frames before entering any positions.
In the current volatile market environment, I'm closely monitoring the US30 for potential trading opportunities. My strategy involves waiting for confirmation of an equilibrium sweep with displacement, which would signal a short position. This approach aims to capitalize on the market's tendency to revert to equilibrium after a significant move. Additionally, I'm...
Based on price action and market structure. Look to get down around 603 before looking long. unless we see a bullish FVG above recent High
Key Observations: On the 4hr Timeframe we seen Equal lows today The SPY price action exhibits a double bottom formation, which is a bullish reversal pattern indicating potential upward movement. The chart highlights Fair Value Gaps (FVG) for potential entries: Bullish FVG: Suggests entering long positions upon retest near the zone of $589.38 (green...
SPY Price Projection and Option Strategy Current Market Overview Current Pre-Market Price: US$596.39 Last Close Price: US$595.36 Technical Analysis: The technical indicators for SPY suggest a cautiously bullish outlook. The breakout from the Falling Wedge pattern indicates a potential upward movement towards the resistance level at US$594.22. Oscillators show a...
Chart Setup: Timeframe: Hourly (1H) Indicator: 20-Hour Simple Moving Average (SMA) Volume Support/Resistance Levels Analysis at Yesterday’s Close: Price vs. 20-Hour SMA: SPY closed near the 20-Hour SMA, suggesting a critical juncture for short-term trend direction. A close at or near the 20HR MA often signals potential consolidation or a pivotal reversal. Market...
Looknig Bullish As we are having FVG form lets close above on the higher time frames and we are looking good
Identify the Pattern: Look for two distinct lows at approximately the same price level, separated by a peak. This pattern resembles the letter "W" and indicates a potential reversal from a downtrend to an uptrend. Confirm the Pattern: Ensure that the second bottom is not lower than the first, and the price has bounced off the support level twice. The peak between...
Chart Pattern Identification: Inverted Head and Shoulders Pattern: Left Shoulder: Look for a decline followed by a minor rally, forming the left shoulder. Head: A further decline creating a lower trough, forming the head. Right Shoulder: A subsequent rally and decline forming a higher low, creating the right shoulder. Neckline: Draw a trendline connecting the...
USING THE 2 HOUR TIMEFRAME AND FVG. THIS IS MY THOUGHT ON SPY Current Price: $595.01 (as of the last market close on December 27, 2024) Recent Price Movement: The stock closed unchanged at $595.01, with a high of $597.7761 and a low of $590.7647. Technical Indicators: Oscillators : Predominantly indicate a 'Hold' signal, with the Stochastic Oscillator...
Overview This idea focuses on the SPY 15-minute chart, highlighting key fair value gaps (FVGs) and critical support/resistance levels. The current price action shows potential for both bullish and bearish scenarios, contingent on price reactions at crucial levels. Bearish Scenario Key Level to Watch: If SPY closes below 566.44, it signals further downside...
Current Market Overview As of December 2024, the SPDR S&P 500 ETF Trust (SPY) is showing a bullish trend with the following technical indicators: MACD : Suggests a buy signal. RSI : Indicates a neutral signal. Moving Averages: Both 20-day and 50-day moving averages suggest a buy signal. Price Action: The support level is at US$600.96, and the resistance...
S&P 500 (SPY) Price Action Analysis Current Price and Technical Overview Current Price: $605.28 (as of last close on 17-Dec-2024) Market Status: Closed Day Change: +$0.99 (+0.16%) Technical Analysis Summary Overall Signal: Bullish Oscillators: Predominantly 'Hold', with the Momentum Indicator suggesting a 'Buy'. Moving Averages: Strong bullish signals from...
Nasdaq 100 (QQQ) Price Action Analysis Current Price and Technical Overview Current Price: US$535.13 (as of last close on 17-Dec-2024) Market Status: Closed Day Change: -0.67 (-0.13%) Technical Analysis Summary Overall Signal: Cautiously Bullish Oscillators: Predominantly showing sell signals, indicating potential overbought conditions. Moving Averages:...
Technical Analysis Summary: Current Signal: Hold Oscillators: Bearish sentiment with Stochastic RSI and Commodity Channel Index suggesting sell signals. Moving Averages: Predominantly bullish, indicating upward momentum. Pattern: Channel up pattern suggests potential bearish movement towards support levels around $449.84. Bollinger Bands: Indicate overbought...
Short with Bearish FVGs or Flip Long entering Calls on the First Bullish Fair Value Gap. AMEX:SPY "Today's market bias is to open with a short outlook. If bearish Fair Value Gaps (FVGs) start to form and price respects them, I’ll look to enter short positions targeting lower levels. However, if price bounces off these zones and a bullish FVG forms, I will...
Tesla going down but look for reversal based on the Bullish or Bearish FVG. Follow for more in depth look.