SPY trade ideas
Stepping back and looking at the big pictureOverview of the SPY price expansionary and retracement periods.
SPY On The Rise! BUY!
My dear subscribers,
My technical analysis for SPY is below:
The price is coiling around a solid key level - 590.89
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 598.49
My Stop Loss - 586.83
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Shopping spree done?Inflation looming, possible drone invasion, uncertainty with our very stable economy. Do I believe we are in a bull market? No... Volatility has a way of creating a bull market behaviour, but it's usually a credit fueled shopping spree. I could see the spx continue to drop till after the new years, and more. There may be a spring bounce after elections has simmered down, but I wouldn't be investing too much into it .
SPY CORRECTION END 2024 - 2025As we can see, there has been a correction since the presentation of the FOMC meeting, with a break in the bullish structure we had in the indices. SPY broke bullish structures in 2-hour and 4-hour timeframes, and we should recover the daily channel to maintain an upward movement in the daily timeframe.
Como podemos ver tenemos una correccion desde la presentacion de la reunion de la FOMC, con una ruptura de las estructura alcista que teniamos en los indices, SPY rompio estructuras alcista en temporalidades de 2horas, 4 horas y deberiamos recuperar el canal de la diaria para mantener un movimento alcista en la temporalidad de la diaria.
SPY Should turn lower in 5 wavesSpy had an impulsive move to the downside and has bounced overnight, im looking for one more low to complete 5 waves.. Lets see
SPY One leg lowerSpy had an impulsive move to the downside and has bounced overnight, im looking for one more low to complete 5 waves with divergence... Lets see
$SPY December 19, 2024AMEX:SPY December 19, 2024
15 Minutes.
The breakdown below 598 was expected to be bad. But this was brutal.
Chart completely messed up.
Needs days to align again.
There was a 30$ difference in daily between 9- and 100-day averages. Hence, I was very hesitant in going longs.
No trade day today for me.
Any retracement up to 598 is a sell.
As can be seen all bars had close near bottom. Very rare to get chart like this.
Bearish 5% or 8% ?The previous two correction cycles lasted about one month, with a correction of approximately 6% and 8%. How much will this one be?
SPY 65 MinutesNeed to recapture 590 or we dial 911.
Looking at 65 minute timeframes, seems to me that we need to get 590 by friday so the bull parade gets going
SP 1 Hour Revised with Bottom Of March 2020SP 1 Hour Revised with Bottom Of March 2020 there are many rectangles
SPY analysis for Dec-18Watch out for important key levels.
Break above $605.85 with bar close will open bullish trade.
Break above $602.15 with bar close will open bearsih trade.
SPY Options: Bull & Bear (Week of December 16)AMEX:SPY
Short-term we are looking at a downside trade as we want RSI to cool off a bit. Key levels at $607 and our key pivot of $604.25 last week.
📜 $604 Put 12/31
Entry: Rejection and 15-min close UNDER $607, entry off retest of resistance
🎯 Targets: $604.25, $603.37
📜 $608 Call 12/31
Entry: Breakout and 15 min close OVER $607, entry off retest of support
🎯 Targets: $608, $608.50
SPY: what 's next?SPY: what 's next?
-Swinging reaccumulation in Inside bar candle pattern.
-Some important key level as image attached.
Wait for break!
Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades.
QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week
DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low
IWM - Green today but similar to DIA
Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move.
WATCHLIST:
Bullish :
NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2
Bearish :
NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q
NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other"
NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left
Notable winners from weekly watchlist (posted Sunday 12/15):
ETSY, RBLX, RKLB, OXY, WMT
Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades.
QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week
DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low
IWM - Green today but similar to DIA
Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move.
WATCHLIST:
Bullish :
NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2
Bearish :
NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q
NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other"
NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left
Notable winners from weekly watchlist (posted Sunday 12/15):
ETSY, RBLX, RKLB, OXY, WMT
$spy/dxy yieahh Something's gotta give - will the fed be the catalyst this month? Will we linger another quarter? Something and soon
Yieahhhh
Main reversal area The main weekly buy/sell area on the SPY chart is a critical zone where significant price movements often occur. This area is determined by key support and resistance levels, which are influenced by various factors, including economic indicators like the Money Supply M3.
Money Supply M3 (M3)
The Money Supply M3 is a broad measure of the total amount of money in circulation within an economy. It includes currency, deposits, and other liquid assets. Changes in M3 can indicate economic trends and influence market sentiment.
Current Analysis
High Risk: The current analysis suggests that the main buy/sell area is at very high risk. This could be due to several factors, such as:
Economic Uncertainty: Fluctuations in the Money Supply M3 can create uncertainty in the market, leading to higher volatility.
Political Events: Recent political events or announcements can impact investor confidence and market stability.
Market Sentiment: Negative sentiment among investors can lead to increased selling pressure, pushing prices down.
Implications for Traders
Caution Advised: Given the high-risk nature of the main buy/sell area, traders should exercise caution. It may be wise to wait for clearer signals before making significant trades.
Risk Management: Implementing strict risk management strategies, such as stop-loss orders, can help protect against potential losses.
Monitoring Indicators: Keeping an eye on other economic indicators and market sentiment can provide additional insights and help make more informed trading decisions.
S&P is Shaping a Bull Flag While Awaiting the FED DecisionLast week was characterized by increasing selling pressure that hindered upward price progression but failed to trigger any substantial pullback. The market has not even retested the previous consolidation zone ( 598-601 ), which highlights the weakness of the sellers.
Looking at the daily chart, the recent price action resembles a bull flag, favoring a continuation of the upward trend. For sellers to demonstrate their strength, they must not only break this pattern to the downside but also breach the 598 support level and drive the price further down to 594 .
Much will depend on the Federal Reserve's interest rate decision this week, alongside the release of key economic data. The most favorable outcome for the bulls would be a 0.25% rate cut. Any other scenario could spark concerns—either about an impending recession (if the cut is larger) or about a prolonged high-interest-rate environment (if the cut is absent).
The market outlook remains bullish; however, the current price level is not ideal for new long positions. Buyers would be better served by waiting for a more meaningful pullback (e.g., to the 600 level), provided it is not driven by a negative shift in economic sentiment.
Daily analysis of intraday trading in US stocksWhat is this blog about?
The blog is dedicated to intraday trading on the US stock market (NYSE, NASDAQ exchanges).
After each trading session, I choose the most interesting and understandable stock in terms of making a profit and do a detailed analysis of it, indicating the prerequisites for opening a position, entry and exit points.
The analysis is conducted in accordance with the applied trading system, which is based on the price reaction to horizontal levels (rebound, breakout, false breakout) and volumes. I do not use indicators.
Each analysis is accompanied by a screenshot of the trade. There is a daily (and in some cases, hourly) chart in the upper part, which is used to analyze the overall picture and draw daily levels. There is a minute (in some cases, two-minute) chart in the lower part, which is used for intraday analysis, drawing intraday levels, entering and exiting a position.
What is the practical benefit of trade analyses?
Broad visual experience is one of the key components of successful trading on financial markets, in addition to the trading system, psychology and risk management. Normally traders spend thousands of hours looking at charts before it starts to bring positive results.
However, simply looking at the chart is not enough. We need to understand what exactly we are looking for there and what situations allow us to make a profit with a higher probability.
Analysis of trades helps to solve one of the main problems of beginner traders - lack of visual experience, and for experienced traders this is an opportunity to add/correct their trading system with new trading scenarios.
How to select stocks for trading?
It is important to select the right stocks every day that have the potential to make a profit with a high probability, in order to be successful in intraday trading.
Main criteria for selection:
1. High liquidity (trading volume from 1,000,000 units and above)
2. High activity in the premarket
3. Pure directional movement
4. The stock movement does not repeat the market movement
5. "Respect" for levels both in the premarket and in the main session
6. The presence of a catalyst for movement (news, earnings, technical etc.)
These criteria are perfectly suited to the so-called Stocks In Play, which make significant non-standard movements within one trading session, which often exceed the standard price movement (ATR) several times, influenced by a strong catalyst background.
SPY's Downtrend Reversal: A Technical InsightIn this TradingView idea, we delve into the recent price action of the SPY on the 15-minute candle frame. Observing the chart, it becomes evident that the persistent downtrend is showing signs of exhaustion. A key indicator of this potential reversal is the presence of a fair value gap (FVG), which suggests a temporary imbalance in the market. Notably, as the price made its next downward move, it failed to leave behind a fair value gap, indicating a lack of institutional buying at this level. This absence of institutional interest could imply that the price is stabilizing, setting the stage for a potential upward movement.
The focus now shifts to the unmitigated bearish fair value gaps that remain. The last significant bearish FVG was identified between the levels of 605.48 and 605.44. As the price cools down, it is poised to retrace and potentially mitigate these unaddressed gaps. This technical setup suggests a strategic opportunity for traders to anticipate a reversal, as the SPY looks to regain its footing and possibly embark on a bullish trajectory.
(Price Will Still Push Down a little Unless a Bearish Fair Value Gap is Formed and then enter Shorts at the Bearish Fair Value Gap that would Form.)
This analysis underscores the importance of fair value gaps in understanding market dynamics and predicting potential price movements. Let this Act as a FVG Trading Session to help get you trading SMART MONEY CONCEPTS >>>
SPY Strength or WeaknessAs people begin to take profit for the holidays. Money may flow into longer term stocks . Considering people taking off risk and economy shifting into energy and tech , bulls seem to think have control entering the new year. .
