SPY sideways until Mid-April and then we move down...SPY sideways until Mid-April and then we move down after hitting resistance at 528. 50 day moving average will bounce it back up and then down to 200 moving day we go. Shortby grumpa062
Bull Flag with Corporate BondsCorporate Bonds continue in their Bull Flag Channel. Bond market keeps telling us that the Fed cannot remain higher for longer. Not sure on timing, however, it wouldn't surprise me if we see the Fed reverse course in the some what near future. Longby grumpa061
Active SPY Weekly outlook. 2nd WK APR 2024 (FREE SAMPLE) Active SPY Weekly outlook. 2nd WK APR 2024 (FREE SAMPLE) > BULLISH 📈 Closed Price: 518.43 Target Price: 523.07 Upper Range: 542.41 Lower Range: 503.73 Longby putIQ1
Bullish Falling Wedge continues on TLTBullish Falling Wedge continues on TLT. Inflation Data is screaming higher for longer, however the Bond Market continues to "prophesy" a Pivot from the Fed. Does the Bond Market see a massive Bank Failure Event in the near future?Longby grumpa06114
DBC is on the verge of a breakout on the monthlyDBC is on the verge of a breakout on the monthly. First upside target 🎯 and resistance is $25.91. This price target is a confluence resistance level with upper BB. If price breaks through that resistance then next upside 🎯 is $30.Longby JK_Market_Recap0
Opening (IRA): KWEB May 17th 24 Monied Covered CallLooking to get a fill on a monied covered call in KWEB (IVR/IV 12/33.2) while I wait around for some (or any) vol to show itself in the broader market. That IVR isn't great, but I'm going small so that I can potentially add at more favorable strikes/share cost bases should an opportunity present itself. It's pre-market, so bid/ask is somewhat wide on both the shares and the short call, but I'm looking to buy a one lot and sell a -75 delta call against for around 26.09 in order to emulate the delta metrics of a 25 delta short put, have built-in short call defense, and to take advantage of IV skew on the call side (it's 39.4% at the 24 call strike; 32.4% at the 24 put). On a side note, the on margin variant of a Plain Jane short put isn't paying spectacularly from a dollar and cents standpoint: the May 17th 24 short put is paying .37 at the mid, which isn't anything to write home about, but that would be on a BPE of 6.72 (5.51% ROC at max; 2.75% at 50% max; 23.63 break even) should you want to go the standard short put/acquire/cover route. Break Even/Cost Basis in Shares/Buying Power Effect: 23.09 Max Profit: .91 ($91) ROC at Max: 3.49% ROC at 50% max: 1.74% In all likelihood, I'll have to "penny up" if I don't get a fill for 23.09 ... .Longby NaughtyPinesUpdated 3
Opening (IRA): TLT January 17th 83 Short Put... for a 1.55 credit. Comments: Probably the last addition to my TLT short put ladder for now. Selling the 83's, targeting a break even that is coincident with the 52-week low. A basic bet that the Fed cuts rates ... at some point ... with the additional notion being that I won't have to hang out in it nearly as long as the DTE suggests when they do. Unfortunately, when I started laddering out, a March cut was on the table, but that has been pushed back to at least June and possibly September, so I probably got a little bigger in the position than I originally anticipated. That will resolve itself somewhat as shorter duration rungs fall off via take profit or roll-out (probably the former).Longby NaughtyPines0
Teeessss$$$$llllaaaaa long 🚀I've just now started scaling in to this TSLT position. In NASDAQ:TSLA it could be, that with a double-bottom the price correction is finished. Along with some fundamental news I'm very bullish on Tesla - so let's see where it goes. ;)Longby p49172
XBI eyes on $87.87 for support: Biotech due for a bounce?Biotech is still near its Covid lows. This etf is about to test a key level. Expecting a bounce here, lets see. $ 87.87 - 88.99 is the immediate support. $ 79.23 - 80.50 is the next strongest support. $ 93.15 - 93.21 the first major resistance above. =========================================== by EuroMotifUpdated 444
S&P Bounce IncomingI'm feeling like we are going to see a continuation of the uptrend that was formed on Friday morning. I'm hoping for 522-525 retest. Longby Premium-Flippa5
Forecast of the U.S. RecessionCurrently, sqqq looks okay to buy Take a break from the stock marketLongby JungMinNewUpdated 3
#BlackMogulSocietyQQQ is a great way to crete a portfolio that is diverse and has assets in multiple classes that help hedge against potential losses. I recommend any initial investor or overall investor to put. Capital into the ETF.#BlackMogulSociety Follow my pod cast on Apple, Spotify ,Anchor ,#ChaseForbesExperiment .by MOGULVision0
SpyHeading in to April The market cycle is upside down.. Usually you see a small correction late Feb- March from profit taking of the holiday rally Nov-Feb. April is usually bullish then its Sell in may and go away. Monthly Candle are outside Bollingerbands on Spy, DJI, and NYA. NYA is the most extended. NYA moved the most closely with IWM and Financials. Go to your monthly chart. Now go to NYA and place your bollingerbands; Scroll back the last 20yrs and look at the following month after being that extended. A correction occured to pull price back inside bollingerbands. Now thats the technicals, but like i said April is usually bullish and Earnings kicks off with banks and cylicals. So if we push through bank earnings without a pullback then i doubt one will come until May. Heres NYA/NYSE daily chart.. east uptrend here with No bearish divergence, 18,500 next stop so I'll be looking for a move to 18,500 this week or top of channel Here's Dow jones daily. 40k incoming then a pullback to support or 39,200 IWM chart. Closed over 210 friday. Most likely 214 this as long as price doesnt close below 209 on any pullback. Short at trendline resistance . Any close below 209 is bearish, short back to 206. Qqq 4hour chart Price basically consolidated all last week.. channel Support and 20sma is at 440-441 , so any thing below that is bearish , other wise they'll buy this up 2hour close up.. long over trendline resistance . Short below 440. 441-445 is chop Spy 4hour chart Middle of the channel Similar to NYA. Early in the week price could go either way. Long over 525. Below 523 , 521 is incoming. I dont think price will drop below 520. Daily candle finished bearish thursday but PCE and dovish Powell could negate that and price could rise instead. Bullish scenario, price pushes pass 525 then we head to channel top or 530 before pulling back to 518 or 20sma As far as the tech sectors SMH and XLK both tested there 21ema last week and bounced so dont be surprised if Tech leads the way early. Price in the tech sectors look similar to Qqq, Coiled and consolidated.. lets see what happens.. by ContraryTraderUpdated 181838
Uranium Slingshot Cheetah Pattern Incoming!!I have identified 3 different types of similar variations in URNM and URA ETFS which show us that we could be in a cusp of a huge explosive move to the upside. These shakeout patterns are almost identical to each other with the same behavioural patterns before a big move to the upside. 2 humps which are almost like a H&S pattern followed by a huge flush down to break the upwards trend then bouncing off the 200 DMA with a complete reversal to the upside. All of this is happening at the same time we are bottoming on the URNM/UX1! ratio with huge positive divergence on momentum indicators Longby AxeCapp113
Real estate market bouncing backMy prediction on DRN is that it’s going to break out to 78 range and go on the upside to fill that imbalance.Longby Mytradertalk1
Gbtc end of era or bitcoin new bear market Its look like we are going to new bear market In btc Am not sure of this But this analysis shows gbtc already topped By fake breakout of triple top And 3 tops on volume bars Also every time on tops volume on gbtc going to much high So were we are going? We will get correction In volume or in prices and volumes Gbtc volume down but prices going up = bullish because that mean they stop selling Btc volume down and prices down = new bear market Shortby aliraqims0
TLT Roadmap Dec 2023Yields are likely in early stages of significant multi-month retrace lower into summer 2024by NeonUpdated 12129
12 month oil=> 12 month crude oil breaking out on weekly chart <= The mainstream media head line news will flood us once the price is close to its targets... late, like usual. #CrudeOil #Inflation #Commodities #Gold #Silverby Badcharts4
SPY Will Go Down! Sell! Hello,Traders! SPY broke out of the rising Wedge pattern and is now Retesting the broken support So we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals3310
Holy Cannoli...So many things saying sell and take profits right now it's not even funny. 500 is the first real support. If that green wave iii uptrend is to stay in play, we need to bounce at 500, which would only be -3% or so. Then 485 is the next support at the bottom of the uptrend channel. If 485 is broken then those red downtrend C waves are in play. 1. SPY ran into trouble at the top of it's uptrend channel. Technical short-term sell indicator. 2. SPY is about to close the week with a bearish engulfing pattern. This is actually a call for a large downtrend. Look at the large white arrows pointing down. Those are all similar weekly candles that led to major corrections. 3. Gold/Silver/Oil are all going up meaningfully. Inflation coming back...? Or the markets may finally be pricing in geopolitical tensions with Iran now vowing revenge. 4. The BTFP ceased extending new loans on March 11, 2024. www.federalreserve.gov 5. Reverse Repo is running out of money to pump into the market. fred.stlouisfed.org 6. I am counting 8 unfilled gaps, which...by no means do they need to all be filled. There is no law that states gaps must be filled, but rather it is a tendency. This is similar to the tendency of pull backs to be alternating in character (if the last pullback was long a choppy, the next tends to be short and sharp) Extra Sidenote/Soapbox here: Believe it or not, long term bond yields are still in an uptrend. Credit is still constrained, and we'd already be in a financial crisis if it weren't for the fact that the Fed is allowing banks to void the mark-to-market principle in treasuries. This means if a bank purchased 1 trillion in treasuries, but they are down -50%, they can still currently claim to have 1 trillion in "liquidity", which is absolutely not the case because if they had to sell them tomorrow either the Fed would have to buy them and take gigantic losses, or the market would pay them the market rate and the banks would fail. Imagine your brokerage account was down by 50%, but you could claim you have 100% of those liquid assets and go get a loan back off that. That would be illegal for us mere peasants. We are in weird, weird times. www.conference-board.org Check out the US10Y Shortby MonetaryRebel223
Spy Short Its time for 3-8% corrections before moving To all timAll right boys and girls its finally time to short the market for our 3-8% correction that has been long overdue, as you see the charts below my Price target min before I go long on spy is $498 the way this market has been performing i suggest this target will be reached in 10 trading days from now!!!! Scenario 1 we hit $498 before making Ath Scenario 2 we hit $498 drag all the way down to 470 then heading high to continue Bull Run if this Plays out expect the rest of March and April to be in a downtrend!!! I will be updating every few days or upon requestShortby JoeWtradesUpdated 9090115
TQQQ Bullish till its Not!The markets have given us some clear direction over the last few months, albeit we are at quite high levels and I would expect a pullback at some point. There are 2 important clues here that are clearly visible on the chart. The first is a continuous strong move up as illustrated in the channel. We can clearly see the supply and demand zones flipping once price is able to test important support and resistance. The second is a pullback coming into the lower end of the channel, as well as the s/r flip from the previous range. We are clearly still in an overall bull market, so it would be a terrible place to short below the lows, for the time being. Until additional data points to lower prices, my bias will have to remain long. A break of market structure would change my bias and I will update my bias from there. Longby afurs1Updated 3