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SPY Technical Analysis PredictionThis chart is a daily timeframe for SPY (S&P 500 ETF), displaying multiple indicators such as pivot points, dark pool levels, trendlines, moving averages, and volume. The current market structure suggests a potential trend transition phase, with price currently consolidating near critical support levels. Key Observations: 1. Trend Structure: The long-term uptrend is still intact, supported by the green ascending trendline originating from prior lows. The recent pullback breached the 8 EMA and 21 EMA, which implies short-term bearish momentum. However, price is consolidating near the S1 pivot level (579.18), suggesting possible support. Higher Highs (HH) were achieved earlier in the trend, but the failure to maintain levels near the R1 pivot (614.64) indicates resistance and profit-taking. 2. Support and Resistance: Resistance Zones: 600-604: A psychological resistance level and the approximate region of the 8 EMA. 609.07: The previous swing high and a critical level for a bullish continuation. R1 (614.64): A strong pivot resistance level. Support Zones: Immediate support at S1 (579.18), which aligns with current consolidation. Lower supports are seen at S2 (555.80), S3 (543.72), and the ascending green trendline (~524). Dark pool levels between 513.20 - 522.91 represent critical institutional zones, which may act as strong support. 3. Volume Profile: Significant volume spike on the most recent red candle indicates institutional activity. If price remains above key supports (S1, S2), this could suggest accumulation. A breakdown below S1 would imply further distribution and downside. 4. Dark Pool Levels: Dark pool prints at 522.91, 518.92, and 513.20 mark critical price levels for institutional interest. A break into these levels would indicate bearish momentum but could offer significant buying opportunities near those zones. Trade Setup: Scenario 1: Bullish Reversal from S1 (579.18) Trigger: A strong bounce off S1 with price reclaiming the 8 EMA (currently near 600) would confirm bullish momentum. Profit Targets: 595-600: The immediate resistance zone and EMA alignment. 609.07: The swing high from earlier in December. 614.64 (R1): A longer-term target at the pivot resistance. Stop-Loss: Below 575, as this invalidates the bullish setup. Scenario 2: Bearish Breakdown Below S1 (579.18) Trigger: A break below S1 with high volume and price failing to reclaim the 8 EMA would confirm bearish continuation. Profit Targets: 565.16: The prior swing low and intermediate support. 555.80 (S2): A strong pivot support level. 543.72 (S3): A deeper downside target. Stop-Loss: Above 595, as it would indicate a reversal back above resistance. Scenario 3: Long-Term Reversal Near Dark Pool Levels If price falls into the dark pool zones (522.91-513.20), this could offer significant long-term buying opportunities, especially near the ascending green trendline (~524). Final Thoughts: Short-Term Outlook: Consolidation near S1 requires close monitoring for either a bullish reversal or a bearish breakdown. Volume and price action at the EMAs and pivot levels will be crucial indicators. Long-Term Outlook: The green trendline and dark pool levels represent strong support zones, offering potential for accumulation if prices drop further.
AMEX:SPYLong
by thedarkpooltrader
The power of ETF investors in BTC.In the IBIT ETF chart, we see that a gap indicated by the blue line, i.e., a price gap, has been filled today. This price gap represents the gap in the BTC ETF chart in the American markets following Iran's drone attack on Israel. On that day, the price briefly dipped below the $60,000 level due to the influence of the open spot markets and then rebounded from there. Today, the $61,000 level was sufficient to fill this gap. So, what happens next? Firstly, the notion that Hong Kong currently has a significant influence on BTC is widely accepted by the market. Assuming that the average for ETF investors is pricing BTC at $52,000, there's a belief that downward ETF selling pressure could lead to significant institutional exits below $59,000. At this point, it's important to note that gaps will likely be filled in the same manner if they occur in the downward direction. However, in case of an upward movement, the gaps that form may not necessarily appear as significant losses from the institutional perspective. Note: What I emphasize about the closure of price gaps is that they need to be filled by the bodies of the candles, not just the wicks. NASDAQ:IBIT BYBIT:BTCUSDT.P i.hizliresim.com hizliresim.com
by TheCryptoPharaoh
S&P500 Bearish Breakout! What's Next? Hello,Traders! S&P500 broke out of the rising wedge With the gap, most likely on the fears Of the Evergrande default crisis in China Which might spark a chain default reaction In China and across the globe If Beijing does not intervene Taking of the SPY, I don't think that this is the end Of the bullish rally, but a healthy correction is needed So I am expecting the price to drop To the technically and psychologically important level of 400$ Which would give us a 10% correction from the all time high From that level the growth shall continue Until the FED stops its easing program Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
AMEX:SPYShort
by TopTradingSignals
8
Invesco QQQ Trust: Pull back on 1D and lower buy opportunity.This ETF is on a bearish reversal following its April All Time High. 1D has turned bearish (RSI = 42.019, Highs/Lows = -3.1729, ADX = 32.374) and since it just crossed (though marginally for the moment) the 1D MA50, we are to ring some alarms for further bearish potential. A similar RSI pattern was performed in January - February 2018. After a new (then) All Time High, the price again pulled back, crossing the MA50 and then finding support just above the MA200. An equally aggressive rise followed and test of the previous High in the form of a Head and Shoulders pattern. On the present formation, the RSI was also rejected near 83.8000 and is approaching the 30.000 support. Having breached the MA50 on 1D we expect a similar candle sequence to emerge, with further selling towards the MA200 and then strong bounce. We are buying this pull back with TP = 191.40. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:QQQ
by InvestingScope
Safe Haven - add dividends REIT sectorReal Estate sector has shown to be safe haven and not oversold sector to other stock sectors, which were way oversold to value. I give thanks today for understanding enough, but still expect growth here. Mid-term stocks usually do well in ensuing 6 mo. period, however during bearish times a safe haven is a consideration. If you have another sector, make it a conversation. FOREX, Crypto, and calls/puts would be only other if considered a sector. Does anyone have link for history of when shorting (calls/puts) was created and why? Please comment @pokethebear.
SP:S5REAS
by Pokethebear
Halving 1: 9940% Return, Halving 2: 3247%, Halving 3: 1060% ???Bitcoin has experienced 2 halving events since its inception in 2008, the first on 28 November 2012 and the most recent halving event on 9 July 2016, whereby mining rewards are reduced by 50%. Each one of these events has been preceded with a strong uptrend in the months leading up to the event and each of these events experienced a significant rally for the subsequent 12 - 18 months from the halving date. Bitcoin's next halving date will take place roughly 20 May 2020 and, like the previous 2 events, I am expecting an uptrend in the months running up to the event as well as in the months thereafter. To see how these events compare to the upcoming event 18 months from now, we can look at the duration and returns between each halving event date and its next ATH. As per my previous longer term post, I believe Bitcoin should move within either the orange channel or the yellow channel over the longer term. In the short to mid term, we should find out which of these channels it's going to be as the market patiently awaits a decision by the SEC regarding the Van Eck Solid X Bitcoin ETF application which has been ongoing for quite a few months now. 29 December 2018 is decision day for the Van Eck ETF but the SEC may defer the decision one last time to 29 February 2019, in which case I expect the price to fall below the larger uptrend support for a retest of the 2018 annual lows. If the Van Eck ETF does get approved on 29 December 2018, this may be the catalyst for the bull run starting in Q1 2019. If the ETF decision is deferred on 29 December, I expect a downtrend in January with a potential break of the yearly lows to test the $4800 support (0.236 fib) and the bull market may then only potentially begin in Q2 if there is ETF approval on 29 February 2019, in which case there should be a move back above the prior uptrend support (current resistance) and back inside the yellow channel. In case of ETF approval on 29 February 2019, I expect a strong uptrend back into the yellow channel and a continuation of the uptrend once BTCUSD is holding the channel support. If the Van Eck ETF is rejected on 29 December 2018 or on 29 February 2019 then there may see a sharp drop to the $3000 support at the bottom of the orange channel where BTCUSD should consolidate and slowly rise in the months preceding the next halving event around 20 May 2020. When the first gold ETF was launched in 2003, there was a 300% rise in the price of gold which was already an established asset class. A Bitcoin ETF along with the upcoming 2020 halving should be the catalyst we have all been waiting for and should drive the next bull run to McAfee price prediction levels. Now let's look at the duration and returns of the prior events. The first halving event: Date: 28 November 2012 Duration from Halving Date to next ATH: 364 Days (1 year) Return from Halving Date to next ATH: 9940% Second Halving Event: Date: 9 July 2016 Duration: 525 Days Return from Halving Date to next ATH: 3247% The second halving event's rate of return (from the halving date to the next ATH) works out to be just under 1/3 of that of the first halving event (3247% / 9940 X 100 = 32.665% of the first halving's rate of returns). If we apply the same principle so that the upcoming halving event achieves just under 1/3 of the second halving event's rate of return then there should be a 1060% return from the next halving date until its next ATH (32.665% of 3247% = 1060%). Next Upcoming Halving Event: Date: +- 20 May 2020 Duration: +-560 Days to +-581 Days Return from Halving Date to next ATH: 1060% Price Target: If the Bitcoin downtrend continues and moves towards the bottom of the orange channel support first, then I suspect Bitcoin will have closed above the larger yellow uptrend and for price to be holding support at $8060 on the halving date. Based on a 1060% return, there should be a strong uptrend towards the bottom of the yellow channel for a target of $85430 over 560 days. If Bitcoin moves back inside the yellow channel on news of an ETF approval, then I expect the price to have found support at and closed above $31766 (1.618 fib) by the halving date around 20 May 2020 and for a strong uptrend to continue from there for 580 days to the top of the orange channel resistance (price could even potentially move higher to the yellow channel resistance). Based on a 1060% return, the price target at the top orange channel resistance is expected to be $336720 . I know these targets sound ridiculous but I remember thinking $5k was ridiculous back in 2013 when BTC was still $100. Good luck and happy trading! Previous chart:
BITSTAMP:BTCUSDLong
by Corn_Reaper