Houston, we have a problem. Does anyone else think the S&P 500 is over stretched? Shortby themarketzone116
IWM Russell2000 11% UP ?Russell 2000 index - exit from channel towards long, above average 150, depends on the drop in interest rates in the US, potential increase 11% & more. Only an idea and not a recommendation for trading!Longby dovale19721
Looking for a retrace to 31.50Seeing buying at the top of the wedge with a bearish d leg sell off set up. Looking for 5th elliot wave to be retested as supportShortby moneyflow_trader2
TLT price action after FOMCMajor buying under 92.66 . The day closed higher even after briefly touching a new low. Fed Chair Powell : Long-term goal is to move to a balance sheet that's mostly treasuries Source : www.youtube.comby stantheinvestingmanUpdated 1
Spy ContinuationThere seems to be some resistance overnight. Possibly looking for a pull back after the better than expected news. Get some sell offs in the morning and enter into longs. The key here is that the FVGs are broad ranges so there may be more risk in my trades today. Using a retracement tool and it shows the .5 is near the lower end of our play. Possibly being more patient unless we see things on the lower time frames. Pattern: Cup & Handle News: Met or Exceeded ExpectationLongby bkrueger020222
AMLP - Swing Trading Setup - 9% Potential ProfitEntry: $47.16 Target: $51.00 Stop Loss: $46.00 Risk/Reward: 3.31Longby maschera2
$SPY-28th March-Long IdeaSPY has broken out of its downtrend and has broken through the swing high, will be looking for longs if the market taps the bullish zone.Longby Just-Technicals0
$QQQ Analysis, Key Levels & Targets for GDP NASDAQ:QQQ Analysis, Key Levels & Targets for GDP Tomorrow’s Trading range Is just under ATH’s. We also have GDP in premarket, PCE on Friday as well as Jerome Powell speaking on the last day of the quarter. Should be an interesting last two days of the quarter. Full walkthrough on tonight’s video but this at least gives you the levels to look for. Don’t forget to take profits when you’re up!! by SPYder_QQQueen_Trading3
$SPY Analysis, Key Levels & Targets for GDP AMEX:SPY Analysis, Key Levels & Targets for GDP Alright, y’all… WOW, what a crazy move to end the day today…. It totally blew through the top of the trading range. Tomorrow’s Trading range does have ATH’s in it. We also have GDP in premarket, PCE on Friday as well as Jerome Powell speaking on the last day of the quarter. Should be an interesting last two days of the quarter. Don’t forget to take profits when you’re up!! by SPYder_QQQueen_Trading4
$SPY March 28, 2024AMEX:SPY March 28, 2024 15 Minutes. AMEX:SPY continues to march up. As per daily 540-550 intact. in 15 minutes 200 average has moved up to 519 levels. Considering the last rise from 519.49 to 523.20 I will try to buy at 521 - 521.5 levels which is top of the channel and about 50% retracement for the last rise.Longby RiderTrader3
BOIL is about to make a big move this springThis stock is deeply oversold on the daily, weekly and monthly charts. As you can see, it's about to squeeze out of this long downtrend. We all know BOIL is not a long-term hold because of its futures rolling decay; but this year it could be a huge winner with Natural Gas near it's all-time lows and also deeply oversold. Longby CSGold18
Looking for double bottom, then breakout of long term resistanceAnother drop back to 0.236 support. RSI oversold at this stage on Weekly. Double bottom expected then side ways movement to long term resistance trend line, consolidate around breakout zone then breakout of a long term bear market for Lithium. I would start building lithium positions when it hits the 2nd bottom at 0.236.by Doctor_Zeus2
Opening (IRA): BITO April 19th 26 Short Put... for a 1.23 credit. Comments: Adding to my covered call position (See Post Below) on weakness, converting the covered call into a covered strangle (i.e., short put + stock + short call). I went with April, since May appeared to be shit illiquid at where I'd want to pitch my tent. I'm fine with being assigned additional stock here at the 26 strike, since my cost basis in my shares is currently 27.54, with the cost basis in any shares assigned via the 26 at 24.77, although my preference would be just to take profit on the covered call aspect at 50% max and the short put at 50% max and move on. Naturally, if I also manage to grab the April dividend, that would be additionally bueno. As a standalone trade: Break Even/Buying Power Effect/Cost Basis in Any Assigned Shares: 24.77 Max Profit: 1.23 ($123) ROC at Max: 4.97% ROC at 50% Max: 2.48%Longby NaughtyPinesUpdated 1
SPY Will Go UP! Buy! Hello,Traders! SPY is trading in an Uptrend along the rising Narrowing wedge pattern So we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals113
Cannabis entering a bull market?After previously breaking out of a down trend and through the 200 day ema, the sector took a dive and formed a double bottom. The double bottom, the retesting of the resistance level, the support of the 200day ema, and the recent high volume order blocks near current level makes me think we are setting up for a bullish break out. The fib retracement shows that the next major resistance level would be at $9. Throwing some fun money at it to have some fun with more portfolio as the cannabis sector can be quite volatile. Longby Brotank771
Inverted H&SLooks Like an Inverted HS pattern is forming on the 30min. Looking for it to reach $522 plus. What are your thoughts?Longby empire4653334
RSP is now in wave 5 as stated it should The chart posted is the RSP index for the SP 500 equal weight index . last week I said it needed to rally still in a 5th up. I am waiting for confirmation of the End of the 5th .It is a 5 wave rally as I said at the oct low major short squeeze . I do see this as the end of wave B just above the 2022 top . This is the bearish wave count.. The Alt would then see this rally to end on april 2nd for the end of a bigger wave 3 top all wave counts show a very deep and sharp break is now just ahead NEXT DATE is MAY 2could we see a sharp drop into april 10/12 and then rally ??? will we see sell in may and go away ?? . Best of Trades WAVETIMER by wavetimer1
XBI Bottoming: Target 103/104 by April 2024XBI appears to be indicating signs of bottoming out, with a potential target range of 103/104 by the end of April 2024, provided that the 92/95 range holds as support.Longby Quantific-Solutions0
SPY shortBounce off golden pocket retest prior support turned resistance head for yesterday lowShortby devanhelmick110
The 46/49 range may present an improved risk-reward opportunityThe current pattern in the ARKK ETF suggests a possible upward movement towards the 60/70 range by June 2024. However, if the stock shows weakness and falls into the 46 to 49 range, it may present a more balanced risk and reward scenario.Longby Quantific-Solutions0
Spy Green - Follow so I can get reputation for chat contributionFollow/comment to get reputation so I can contribute in chat. After the move up last week from FOMC, we were due for a retracement. The green levels below are FVGs (Fair Value Gaps) that were within different time candles that overlapped. This also shows a bullish flag pattern (typically don't use that but it can help with describing the type of consolidation). The news about the economy since last week was still overall positive in regards to stock values dropping. The only FVG is the red near the top which also is at the location of a 85% retracement so we can scalp that for 10%. But look for a FVG created on the way up. That should be a good place to buy for continuation. Targets in the future: $525 and $555 (roughly)Longby bkrueger020Updated 3
Don't Short YetYesterday offered a retest after a break of all time highs. As long as we hold this level, hold off on shorts. I'm looking to grab SPX 4250C for Friday. I'll take an early entry and lock in a fast 40%. Nice Play. Nice Day. Longby kingjtimothy779