Get Rich Slowly with this index fund over the long termFollow what Warren Buffett has been saying for years. It works. Read article here Now that the price action has break up of the resistance , I expect the rally to continue provided the FED gives no more surprises along the way. Longby dchua1969Updated 6619
SPY Compare IWM What's gonna happen ?To me SPY will come down to meet IWM. Not other way around why 1.National Debt 2 High Rates longer 3 Inflation 4 Economy no growth job lays off stop believing jobs report its a lie all that is in the charts. that's just a few every time guys they print to get market up that causes inflation Shortby john123
May 9: Is this just a relief rally?How we close the end of this week is decisive. Is this just the relief rally like what we had in Sept 6, 2023 which only bottomed on Oct 26, 2023. Do you see any difference between these two rallies? NASDAQ:QQQby TraderBwater0
SP500, TAKE THE PAST AND SEE THE FUTURE?So, this is a slightly different look of another chart. Basically, we might be seeing this play out in real time. This pattern is scary where the price currently sits. and to where it can head. What is the pattern? Trace 2018 to Covid and then into recovery and correction. Bring that to the current move, pattern, wave... whatever you want to call it. It's close, not exact, but close, and close enough that it can't be completely thrown out as an idea. But that's all guessing based on a pattern, which is dumb. So, what do we know. We can see numbers projected to 600. We can see numbers projected to 200. We can see multiple gaps on the downside. We can see multiple stocks at their highs. We can see multiple stocks moving some 10% or more on earnings with price movements that don't quite make sense. We know there are two massive support trends (I just made the one) because of how close they are to each other. We've been seeing stocks break down past massive support trends, and then when all hope is lost, a huge return. We know statistically, gaps almost always close, and in a similar way of thinking, most impulse moves retrace a little over 100% (this gives no indication of the timing of a move, could be days, weeks, months, years...) We can see certain indicators starting to flash some bearish signals. We can see there might be another exit pump but we can't really know. We can see, charts are quite overextended from COVID lows. We know the election is around the corner. We know how bad a "down" market or market crash can look for a sitting president. We know more support comes in at 4780, 4360, 3800, 3300, 2900, 2500, 2200. I'm sure if you look hard enough, you'd find evidence that supports both a bullish and bearish projection on the s&p500, which is good. Take in all the info you can. Don't believe my garbage chart, but also, I wouldn't completely skip it. Longby nicktussing77Updated 1
Natural Gas (UNG) tradable rangeSelling PUTs on Natural Gas ETFs seems a decent income prospect at the moment. Not only are there auspices of a falling wedge breakout, but an increase in momentum may be acting as support at the lower end of a months long trading range. These formations are already seventy five days in the making, providing some confidence in the likelihood of our bullish presumptions coming to fruition. I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.Longby quickshiftinnUpdated 442
I think $BTC is going lower and this $BITI chart looks bullishLet me know your thoughts on this trade =) Personally I would like to scoop up some BTC at low 50s.Longby Nevrose2113
Expired SPY Weekly outlook. 2nd WK MAY 2024Expired SPY Weekly outlook. 2nd WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 511.29 Target Price: 512.94 | Strike Price: 518.48 MAY7 24' Upper Range: 518.96 Lower Range: 506.92 Longby putIQ1
Silver will fall 10% - AGQ will fall 20% for retracementA 70% chance that silver provides a retracement next week, as the attacks on Israel by Iran are not coming out - and the West is getting desperate (I smell a false flag if Iran doesn't bite). Asia (ChIndia - China & India) are hodling silver and gold and will provide the impetus for the forward price of precious metals. TTM squeezes normally see price bounce off the opposite end as a fakeout before its continuation. I see that on multiple smaller TF's and a retracement to the middle BB on higher TF's. I see a huge boost of silver miners coming up shortly, but for now I see a consolidation happening. Options for AMEX:AGQ was .05 for $36 June, so I see this going up to $1 or 20x if all goes as planned. Then time to reload for metals blasting off!Shortby EmptyEternityUpdated 887
SPY - SHORTSPY SHORT, If we top here, Ive entered into puts this afternoon, looking to touch 50% horizontal retracement at LEAST. Will take most profit at the PoC just incase.Shortby Smart_Money_CpyderUpdated 222
SMH rising wedge and gap fill at $212 levelChart is pretty clear. There is a big gap at $212 and a number of points of confluence. The lower trend line on rising wedge aligns with the gap, and other key levels. I'm using SOXS for the gap fill.Shortby novamatic223
ASX - VAS: 8 May, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M Details: The short-term outlook suggests that the recent completion of the 1-red wave and the initiation of the 2-red wave are underway, and it appears that the latter has just concluded. Maintaining price above the support level at 92.93 would be an initial advantage for this perspective. However, there is a need for a swift and strong price increase above the 97.63 level to clarify this perspective. Invalidation point: 83.45 Confirmation point: 97.63Longby ShaneHua1
bullish continuation to ATH's or HNS REVERSAL?Rally after FOMC gives some life back to the bulls. Tuesday's failure to close outside of Mondays range (failed break out) is signaling a possible retracement to the Low of the week (LOW). if we get that pullback a nice gap down on Thursday could signal a bear trap, if we gap up on Friday. Personally, looking for that set up to start the advance to ATH's On the flip side there is a potential for a head and shoulders type pattern that could signal a reversal and continue down. Let see what story price will tell! #Ifthis,Thenthisby Webuy5851
$SPY May 8 ,2024AMEX:SPY May 8 ,2024 15 Minutes. As expected, AMEX:SPY was in sideways. Forming a HH, HL pattern. For the last rise from 514.89 to 518.87 it retraced 61.8% yesterday around 516.5 levels. So, for the day I will buy above 518.6 and sell below 515.6 for a target 513.5 to 514. I expect a move only above 520 at the moment. Need to cross the 519-520 resistance. We are having an oscillator divergence; price is making higher while oscillator making lows. Yesterday gap open was not sustained and the gap was closed. by RiderTrader556
SPY $ 580 Stagflation1. **Supply shocks**: Sudden increase in the cost of essential raw materials, such as oil or metals. 2. **Restrictive economic policies**: Excessive regulations or policies that distort the labor and goods markets. 3. **Engrained inflationary expectations**: Upward wage and price adjustments in anticipation of future inflation. 4. **Structural unemployment caused by AI and automation**: Loss of jobs due to the replacement of workers with advanced technologies. 5. **Expansive fiscal policies**: Excessive public spending that exceeds the productive capacity of the economy. 6. **Weakness in productivity**: Insufficient investments in technology or human capital that limit economic growth. 7. **Imported inflationary pressures**: Importation of inflation through foreign goods and services or currency depreciation. 8. **Increase in labor costs**: Increases in labor costs that are not aligned with improvements in productivity. 9. **Trade barriers and protectionism**: Tariffs and quotas that increase import costs and decrease global economic efficiency.Longby Ozy_Target2
SPY Long SPY is looking quite bullish for now, just broke above a bear flag it had been forming and filled a gap near $517 today, I'm expecting a push up to the $520 area if this and VX weakness continues. I'll be looking for it to retest that bear flag for an entry.Longby AdvancedPlays2
SPY - here comes the dumpLittle dead cat bounce is just about over, as you can see AMEX:SPY bouncing off the upper Bollinger band. The stochastic indicates profit taking too.Shortby SPY_Trader223
QQQ Bear Flag (Potential Correct Start)Classic trend reversal retracement -Bear flag directly into one of the last imbalances (on 30m timeframe) - Breakdown to 393 area very possible in the next month or two - ~10% drop from current levels, would put QQQ squarely in correction territory - Upside is that 393 area looks to be a very strong (and fresh) supportShortby Eclipse_TradingUpdated 228
SPY short SPY created a weekly sell model, we targeting the low. Ideal area is going to be $460-480. All we did was a bearish retest and filled the -FVG and nuke. Shortby Scamwick692
IWM Bearish at the end of a double bottom Short target here is 200 gap close.. Has a final gap at 206.30 to close so thats where i will enter.. Stop loss 207.50 Target 200Shortby ContraryTrader11
QQQ Scalping Zones 5/7Upside Targets: * 442.24/443.81/445.56 Downside Targets: *440.79/439.3/437.26 Daily Trend Tracker - *QQQ+ *DXY- *VIX- *US10Y+by QuantumEdgeAnalytics1
Long bonds USA TLT. Long for longer. I never really traded this before. But from the chart perspective and all talk about lowering rates. This one sure seems interesting on the weekly chart. Volume and RSI divergence, plus OBV balances higher up. Even oversold on monthly RSI. Last two weeks candels has also been bullish. Maybe? Will hold this for some time. I think. Longby GreenBkk1
Resistance And RSI This picture indicates that if the candlestick can stand on support level 1 at the price of 205.05, it can generate profits in the upward direction, and it can take profits at resistance level 2 at the price of 211.03. Additionally, you can check the RSI indicator to confirm the trend further; if the RSI stands above the 70 line, it indicates a bullish trend.Longby trader428963950
Momentum waningLooking at the daily chart, it seems like the short term momentum is waning a little. PPM1 is on its way down and has just crossed its first derivative, suggesting we have at least temporarily topped. The 10 SMA is also showing downside movement. The PPMs 2 and 3 are still holding on it seems. So are the upward slopes of their respective SMAs. So we could get support at the 21 or the 40 SMAs. Moving on the the weekly chart, things look a little more negative. Looking at the PPM1, momentum is shifting downwards. However it is still at 0.61 - very much in trend. So while it may still hold for a week or 2 to find the top, it seems like the bulk of the move up is done. PPM2 is also looking to head downwards. The trajectory of the 21 SMA is starting to flatten out as well, meaning if price gets there, it is not likely to hold support.by tanreu0