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SPY/QQQ Plan Your Trade For 11-14 : Temp Bottom In Trend ModeToday's pattern suggests the SPY will attempt to continue to flag sideways and slightly higher after finding support in early trading. Watch my video in detail. I go into a lot of longer-term price pattern detail and discuss the post-election setup of my Anomaly Event expectation. As I see the markets right now, they have moved, and continue to move in a direction that is likely to present a very real moderate crisis event over the next 3 to 6+ months. The stronger US Dollar is very likely to put pressure on foreign markets/debt related to the "carry trade" that was abundant before and after COVID. The Trump win is sending the markets into a Super-Predator mode (maybe I'll create a new video about this), where global markets, central banks, and global financial institutions may be at risk related to their long-term debt positions. At this point, The SPY and the QQQ will likely slide into a consolidation phase (a type of FLAGGING related to the broader Excess Phase Peak pattern) over the next 3+ days. Then, I expect the Anomaly Event to start to take shape and for the SPY/QQQ to begin a downward price trend. Gold and Silver are struggling to find a bottom as the US Dollar continues to rally. Don't expect any relief for metals as along as the US Dollar is rallying like this. This is a predatory shift related to global assets and Gold/Silver are going to stay weaker for as long as this shift continues. BTCUSD may rally up to $108k~120k if my research is correct. BTCUSD is in a "rally to the ultimate high" mode based on a very large Weekly Excess Phase Peak pattern. Remember, everything you need to know is already on the price chart. You just have to learn to identify these patterns and spend some time looking around at various intervals to figure out what is going to happen next. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
$SPY November 14, 2024AMEX:SPY November 14, 2024 15 Minutes. We are in an interesting setup. Foe the fall 600.17 to 594.37 AMEX:SPY retraced 599 levels. That is 78% retracement of the fall. Also, we have a 599 top earlier on 12th November too. And for the rise 594.99 to 599.23 AMEX:SPY has retraced 61.8% to 596 levels. Both denotes a limit of double top or double bottom being 599 or 594. So, until this range is broken, I have no trade on either direction. Today we will have a one-sided Thursdays move as usual. My downside is limited to 590 592 levels. So, I will not take any shorts yet. If 592 is broken, then I will look for 586-584 as target. That represents 38% to 50% retracement for the rise 567.89 to 600.17. 585 at the moment is also 100 averages in 60 minutes time frame.
AMEX:SPYShort
by RiderTrader
3
SPY Tipping Point: Key Supply and Demand Zones with Entry, ExitSPY is at a critical juncture, balancing between strong support and resistance zones. This analysis dives into actionable price levels, key zones, and setups for both scalping and swing trading. Let’s see where SPY might head next. Market Structure Overview: SPY has been consolidating near the $598 level, showing a tug-of-war between buyers and sellers. This range-bound behavior typically suggests a buildup for a potential breakout or breakdown. With a slight bearish tilt in recent price action, SPY appears to be preparing for a directional move soon. Key Zones: Demand Zone (Support): $594.42 - $596 This is a critical area where buyers have consistently stepped in, providing strong support. If SPY reaches this zone and holds, it could present an ideal entry for a long scalp. However, a breakdown here might signal a larger downward move. Supply Zone (Resistance): $600.99 - $602 The $601-$602 level has acted as a cap for recent rallies. A break and close above this zone could attract further buying interest, targeting higher levels. Order Block Insight: SPY has a visible order block around $598. This level is seeing substantial buying and selling pressure, indicating that institutional players may be active here. Price action at this block could offer clues on short-term direction. Support & Resistance with Entry, Exit, and Stop Suggestions: Immediate Support: $596 Long Entry: Around $596 if there’s a clear bounce, aiming for exits at $598 and $600. Stop-Loss: Below $595 to manage risk if SPY breaks lower. Immediate Resistance: $598 Short Entry: Near $598 if there’s rejection, with targets at $596 and $594.42. Stop-Loss: Above $599 to protect against a reversal. Swing Trade Setup: Swing Long: Above $602, with targets at $604 and $607. This breakout could indicate a bullish trend continuation. Stop-Loss: Below $600 to reduce downside risk. Swing Short: Below $594.42, targeting $592, then $590 if selling pressure intensifies. Stop-Loss: Above $596 to control risk if SPY reverses. Price Action Insights: The recent price action suggests a slight bearish bias as SPY struggles to break $598 consistently. This range compression could mean a breakout is nearing, likely fueled by an increase in volume. SPY’s inability to decisively clear $600 aligns with the MACD, which has recently shown a bearish crossover. Indicator Analysis (9 EMA & 21 EMA): SPY is currently trading around the 9 EMA, with the 21 EMA above it, providing added resistance. A cross of the 9 EMA above the 21 EMA could be a bullish signal, prompting scalpers to look for quick longs. Until then, staying cautious on longs within this tight range is advisable. Scalping & Swing Outlook: Scalping: Look for quick short entries around $598 with exits near $596 or long entries around $596 targeting $598. Use tight stops given SPY’s choppy behavior. Swing: A clear break above $602 or below $594 could provide a more definitive trend. Until then, patience is essential to avoid getting caught in fakeouts. Directional Thoughts & Suggestions: SPY’s current setup suggests a slight downside bias, but the tight range hints at an impending breakout. Watching reactions at $598 and $596 will be crucial. I lean towards a bearish direction if $594 breaks, targeting $592 as the next support. However, a break above $602 would invalidate this view and favor a bullish continuation to higher levels. Conclusion: SPY’s setup highlights a battle at key levels, making disciplined entries and stops crucial. Patience for confirmed breaks will improve trade accuracy, especially for swing setups. This environment suits scalpers who can capitalize on tight ranges and quick exits. Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research and consult with a financial advisor. Trading involves risks, and past performance does not guarantee future results.
AMEX:SPY
by BullBearInsights
ARKK Innovation ready to Boom? Kathy Woods ARKK Innovation fund has been completely beaten down over the course of 2 years, down over 80% from the peak of the 2021 bull market. After trading in an accumulation zone for many months, we have broken out of the value ranges, as well as the overall consolidation zone marked in the green box, which presented to be a resistance zone that should be turning into support. Technology and innovation will likely lead the market gains with new developments in AI as well as Crypto that could really send this ETF far above previous highs. Presently, I would like to see liquidity tapped just above $70, marked on the chart. Before a slight pullback and rip. We are currently approx 25% away from this zone, which will likely be a take profit zone. One major confluence for a strong rally for me will be a break and acceptance into the previous range sitting at $75. From there, the range point of control sits a whopping 60%, which could initiate a large move higher. The anchored vwap from the high may provide some resistance at the moment, I would look for a break and retest as a confirmation that the trend is truly changing here. As always, only time will tell. Good luck!
AMEX:ARKKLong
by afurs1
1
Market near Top. SOXX is showing weakness.So first off, I am expecting a recession to begin in the next year. I know, people have been saying this for years and I've been laughing at them for years. So many idiots thought that a recession begins once the yield curve inverts lol. Well there's several things I've been watching for a recession: new home sales, unemployment claims, leading economic index (LEI), etc. One of the last signs before a recession, believe it or not, is the SPX making a new high. And we finally got NFP under +50k. I don't think SPX will go much higher than 6100. And if you look at SOXX, an index of semiconductor stocks, it is actually below the 200-day simple moving average (sma). This seems to have escaped a lot of people's attention. I am watching to see if it breaks below October's low of 216.56.
NASDAQ:SOXX
by anotherdevilsadvocate
1
SPY/QQQ Plan Your Trade For 11-13 : Consolidation PatternToday's SPY Cycle Pattern is a Consolidation pattern. I believe the SPY will continue to attempt to form a "rolling top" pattern over the next few days and attempt to move into my Anomaly event over the next 15+ days. This Anomaly event is likely to prompt a fairly strong downward trend related to the recent post-election rally. I believe Gold and Silver MAY HAVE found the ultimate low. It sure looks like Gold and Silver are attempting to base with a near-perfect Excess Phase Peak pattern Ultimate Low setup. Time will tell. If gold and silver fall further, the rallying of the US dollar will likely be the cause. I'm watching BTCUSD for a toping formation as I spent quite a bit of time going over the dual Excess Phase Peak pattern in BTCUSD. This is very interesting because it aligns with Fibonacci Price Theory very cleanly. Today, it seems traders can kind of take a break from the markets. If my analysis is correct, today will be a fairly quiet Consolidation day - where price attempts to trade in a bit of a sideways price mode - searching for the next big move. Pay attention to the BTCUSD chart where I highlight the 13:00 to 15:00 ET Flag Apex time. It appears BTCUSD may move into a volatile price phase near this time - possibly associated with some news or event. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
Incoming 50% collapse for Uranium?This is a forecast through until the summer of 2026. On the above 3 week chart price action has enjoyed a wonderful 400% rise from the bottom. A number of reasons now exist for a bearish outlook. 1) Price action and RSI support breakouts. 2) Regular bearish divergence. Lots of it. 10 oscillators print negative divergence with price action. 3) Almost all tradingview ideas are currently “long”. Remember the majority of traders, almost 95% of them, will lose money. Is it possible price action continues to climb? Sure. Is it probable? No. Ww
AMEX:URAShort
by without_worries
1
Triple Bottom Pattern Tutorial: 5/8 Bullish Chart PatternsTriple Bottom Pattern Tutorial: 5/8 Bullish Chart Patterns A bullish triple bottom is a reversal chart pattern that signals the potential end of a downtrend and the start of an upward trend. Here's a breakdown: Three Lows: The pattern is characterized by three distinct lows that are roughly equal in price. These lows form after a significant downtrend, indicating strong support at that level. Rallies Between Lows: Each low is separated by two intermediate rallies that create peaks. These peaks form the resistance level known as the neckline. Neckline: The horizontal line connecting the highs of the intermediate rallies is called the neckline. This is a crucial resistance level that the price must break through to confirm the pattern. Breakout: A breakout above the neckline, typically accompanied by increased trading volume, confirms the triple bottom pattern. This breakout signifies a shift in market sentiment from bearish to bullish. Price Target: The expected price target is often calculated by measuring the distance from the pattern's lowest low to the neckline and projecting that distance upwards from the breakout point. Traders view the triple bottom as a strong indication that the selling pressure has been exhausted and that buyers are starting to gain control, suggesting a potential upward price movement.
AMEX:IWMEducation
by RonnieV29
4
MAGS - Roundhill Magnificent Seven ETF is FLYING! UPDATE!I told you over a month ago IT WAS TIME TO BUY! Did you take me seriously? How about now? Watch the detailed forecast I posted for viewers Oct 2, 2024. "May profits be upon" is not just a greeting. I'm trying to support your trading journey to consistent profits. Please leave a comment, and let me know if you found a benefit in this forecast. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NASDAQ:MAGSLong
by RT_Money
Technical Analysis of SPY (S&P 500 ETF Trust) for Nov. 12, 2024Overview: SPY is currently testing a significant resistance level following a notable rally from late October lows. The ETF has shown sustained upward momentum on the hourly chart, respecting the trendline drawn since the breakout. However, momentum indicators suggest the rally may be facing exhaustion. Traders should be on alert for either a breakout continuation or a potential pullback, depending on upcoming price action around this resistance area. Key Levels to Watch: Resistance Levels: $601.05: A critical resistance level that SPY is currently testing. A break above this could lead to further bullish momentum. $610.00: If SPY breaks above $601.05 with volume, $610.00 could be the next target for bulls. Support Levels: $589.84: The immediate support level. A break below this could signal a weakening trend and may indicate a retracement. $578.35: A more substantial support level to watch in case of a pullback, marking previous consolidation before the recent run-up. Indicators and Trends: Moving Averages (EMA 9 & 21): The EMAs on this chart have been a good gauge of trend direction, with the price remaining above both the 9 and 21 EMAs, which currently act as dynamic supports. As long as SPY trades above these EMAs, the short-term trend remains bullish. Volume Analysis: Volume shows signs of declining as SPY approaches resistance, indicating potential buyer fatigue. A breakout with strong volume would suggest conviction among buyers, while a drop-off in volume could lead to a consolidation phase or even a reversal. MACD Indicator: The MACD shows a potential bearish crossover on the hourly chart, hinting at a slowing momentum. Traders should monitor this closely; if it crosses below the signal line, it could reinforce a bearish outlook, potentially initiating a retracement towards the support levels. Trade Strategy and Actionable Insights: For Bullish Traders: Look for a confirmed breakout above the $601.05 level with above-average volume. If this occurs, consider entering a long position with an initial target around $610.00. To manage risk, set a stop-loss slightly below $589.84, as this level marks the closest support. For Bearish Traders: Watch for signs of weakness, such as a rejection at $601.05 or a drop below $589.84. If SPY fails to break out and begins showing bearish signals, short positions could be taken with a target towards the $578.35 level. Set stops just above the $601.05 resistance to limit potential losses if the breakout resumes. Final Thoughts: This is a pivotal point for SPY. A breakout above resistance with volume could propel SPY into new highs, while a rejection could spark a short-term pullback. Traders should closely monitor price action around these levels, as it will likely provide clearer guidance on the next trend direction. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and it's essential to do your research or consult with a financial advisor before making investment decisions.
AMEX:SPY
by BullBearInsights
4