✅SPY WILL KEEP GROWING|LONG🚀 ✅SPY is making a rebound From the horizontal support Of 524$ and as we are bullish Biased we will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx224
S&P stalls in indecision; still bullishLast week was marked with indecision. Market was moving in a narrow range while Buyers were waiting for FOMC ad NVDIA’s earnings. After receiving positive confirmation (FOMC neutral, earnings good) market tried to go higher but found no support from large players. Sellers took advantage of the weakness and dropped price, clearing many weak longs established in the previous 5 days. It was a strong move but for some reason sellers lacked conviction to go lower. Price pivoted after filling the gap from Wednesday 15th and went back into the balance zone ( 527.5-531.5 ). We should expect more pushes and pulls in the short term while market is fishing for new information. To confirm their control buyers must clear last week high ( 533 ) and build value above it. Bears’ objective is to break last week low ( 525 ). Until it happens the most likely scenario is bracketing within last week range. It is important to note that while short term direction is unclear, we are still in weekly uptrend. So bears must work twice hard to prove their strength Disclaimer I don't give trading or investing advice, just sharing my thoughts. by hermes_trismeUpdated 4
Opening (IRA): SMH 2 x July 19th 210/215 Short Put Vertical... for a 1.00 in credit. Comments: Part two of delta adjustment trade ... . Instead of rolling up the 205/215 short put vertical, I closed it out (See Post Below), and then re-erected a 2 x 5 to delta balance against my call side, whose short leg is at the -32 delta strike. This doesn't increase buying power effect, since the 2 x 5 is equivalent to the 1 x 10 on the call side. The end result is a 2 x 210/2 x 215/255/265 iron condor, -5.79/3.42 delta/theta on which I've netted 3.36 in credits.by NaughtyPinesUpdated 1
Trend Reversal Illumination = Count Time Of The Move !In determining when an uptrend or downtrend might exhaust/end it is quite useful "to count" the cumulative total of up/down bars in a uptrend/ downtrend. In this example, using a 15 minute intra-day chart on SOXS, for 5/28/24, one can count "16" down bars on day. However after 145 pm Eastern, in just 4 bars, and in only 25 % of the time, SOXS has regained important price support of 25, and more, with a KST Buy Signal to Confirm ! Conclusion. The faster price moves, the greater the importance to a meaningful "trend reversal" THE_UNWIND Woods Of ConnecticutLongby The_Unwind2
$SPY update 5%+ correction then retest of highsOriginally I was thinking that we'd see a move to the $480 support after testing the highs, however, because we haven't fallen yet, the chart no longer supports that view. Instead, I think the most likely scenario is that we fall on or after Wednesday 5/29 back to the low $500 area, then we go back to test the highs at $530. The retest of $530, will setup the lower high which will start the bear market. So basically there's one more chance to buy the dip in the low $500s, ride that back to the highs, and then you'll want to be a seller from July onwards. Let's see how it plays out.by benjihyamUpdated 4411
Market(s) move the world around Events occur around the chart(s) and never vice versa. Its aways all about WHEN to move the marketby GOOOST1
$SPY range $479-$529, the path to the top (and bear market)AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger. If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530. Another possibility, is we just continue upwards to the top resistance levels and then decline after. Idea of a range is you want to buy the lows (supports on chart) and sell the highs (resistances chart). Regardless of the path we take, we're nearing a top in the market and after we hit those top levels, I expect a large decline lower (one that takes us past the prior 2022 lows). Ultimately looking for SPY to reach the $280-300 level by the end of 2024. But let's save that analysis after we see what happens in this range. by benjihyamUpdated 111117
Double Top in Gold That Strangely is Correlated with NividiaDid you know gold and Nividia have an 81% correlation? That's strange. (chart in comments) I see a double top in gold. TTM Squeeze firing on weekly, daily, 4 hourly and it's a continuation of a squeeze on the hourly. TTM Squeeze's usually bounce off the opposite side when it breaks/fakes out. Outside an exogenous event I see pm's taking the summer off and reawakening in the fall when the dollar tops out after the BOJ sells US treasuries after China devalues their currency after the dollar spikes when Europe cuts rates soon. It's going to be an epic chain reaction. The FED will cut rates heading into the election and if Trump wins he'll ride the last meme wave until it crashes and reinstitute a gold standard, or if Biden wins we get CBDC's. I'll be looking for low IV OTM calls in the fall after the FED cuts rates...Shortby EmptyEternityUpdated 2
$SPY May 27, 2024AMEX:SPY May 27, 2024 15 Minutes For the day my range is fixed between 532 - 524. All moving averages have converged in 15 minutes. For the sharp fall from 533.07 to 524.73 AMEX:SPY resisted around 618% retracement being 530 levels. If a consider the rise 524.73 to 530.27, holding 526.5 today i have a target 530 - 532. If AMEX:SPY closed below 526.5 in 15 minutes bar with close near low of bar i expect 523- 524 to be resisted first. No trade day for me today.by RiderTrader222
SQQQ leveraged inverse QQQ LongSQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes before market close. I took a long trade of shares and call options striking $10.00 for June 14th at that point. I am expecting a 5% quick return on the shares and far more on the options. The relative volatility indictor is helpful to further pinpoint the reversal for best entry. (red to green) The set of Hull Moving Averages ( 14 and 35) also serves to signal "death" and "golden" crosses which serve to further aid trade entry accuracy. The relative volume indicator ( of veryfid) also helps in that regard. It has extreme volume spikes in black. OF particular interest, the last 15 minutes of the trading week has a volume spike of buying in SQQQ. This comforts me to know that other traders saw what I saw. I am fortunate that I saw it about 45 minutes before them and got a better price. This demonstrates the value of indicators and knowing how to apply and interpret them. Trading is not as complicated as the pundits and the fee for services and trading room coaches will have you to believe to make you financially dependent on their "guidance and assistance".Longby AwesomeAvani112
SPY Short 3-8% Correction I Don't Think So Goo Long Bull RunThe correction??? In my opinion and chart theory suggest its time to go long and find the proper to stocks to be in Subscribe for update stock pick and the best sectors to be in so your not left behind!! as for todays daily chart set up I suggest calls at least a week out as chart indicates Goodluck traders like and subscribe as for members that listened and got in Baba ,3m, Pltr, & Tesla congratulations I woke up this morning up 10k took profit!! not that many industries where u make 10k over the weekendby JoeWtradesUpdated 2223
SPY short hunt is ontoday is still early and will say next week for real signal but will put on a few puts todayShortby alleytraderUpdated 5
Miners need more consolidation before taking off from wedgeI don't think it's quite their time yet, I see a fall, a month of meandering, before launching and hitting my green target.Shortby EmptyEternityUpdated 4
Silver is in short term consolidation before breaking $30It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after options expiration date. I see a smaller consolidation week in May before going even higher. I HIGHLY recommend Silver Miners right now. They saw some life this week and last - and since they usually lag, I can see them being down for the next two weeks before going up themselves. I like AMEX:SIL , AMEX:SILJ , and NUGT for indices, and NYSE:NEM for the best miner in the world for one simple reason - AMERICA will be the LAST country to nationalize their natural resources in a communistic reaction to the skyrocketing dollar. I expect that to happen starting next year. Longby EmptyEternityUpdated 1117
US Bank about to implode! Regional Banking is gonna take a hit!First you have the FDIC come out and say no matter what we can whether a large US Bank failure - out of nowhere! Japan is stuck in a corner, can't sell bonds to defend its currency, and can't raise rates enough. Like every Central Bank they're stuck. So now a large US bank will be "allowed" to fail that will give Powell the excuse to cut rates - leading to a large reinflation boost (precious metals). Biden even hinted at rates coming down in July so this regional bank implosion has to happen soon. I don't see banking in the USA doing good long term because the banking structure needs to be consolidated to isolate and do away with cash so they can bring out CBDC's. At that point banks will be "stakeholders" which is fancy speak for fascist government control over corporations, but from an international level. Also, TTM Squeeze indicator is loaded on every TF except Monthly, which showed that it already went off and is gathering steam for the next leg down in the breakout, but a very powerful move since this is signaling on the weekly chart.Shortby EmptyEternityUpdated 2
Opened (IRA): TLT Feb 21st 83 Short Put... for a 1.39 credit. Comments: Targeting the 52 week low on weakness here after taking off a rung in September.Longby NaughtyPines0
Opening (IRA): TLT September 20th 83 Short Put... for a 1.08 credit. Comments: Targeting the 52-week low here with a rung out in September (I've already got rungs on in April, May, June, etc.), which I think is unlikely to be touched in light of talk about the Fed cutting rates ... at some point in time. Naturally, if I'm wrong, I'm also fine with picking up shares at a cost basis below the covered call setup I currently have on ... . Longby NaughtyPinesUpdated 1
Not much has changedNot much has changed since the last update. As the PPMs start to show a loss of momentum, the price starts tapering off. The upward momentum of price has been stopped. Today's rise seems to have broken above the trading range, but I'm not sure if it can continue its momentum upwards for too much longer. The PPMs on the daily chart show none in trend. The weekly chart though shows PPMs 1 and 2 still in trend but heading downwards. Of course, the markets can continue an upwards trend longer than you expect it. But to me, it seems frothy as of now. It may hit the weekly high fib target of 3.43 before anything else happens. But it may be a slow crawl there. by tanreu0
SPY Will Go UP! Buy! Hello,Traders! SPY is trading in an Uptrend and the ETF Is now making a bullish Rebound from the Horizontal support level Of 524$ so we are Bullish biased and we Will be expecting A further bullish continuation Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals1
TSLL is Telsa with a boost of steroids LONGTSLL is an ETF of TESLA instruments leveraged 50% - while TSLA has its own range percent from its volatility TSLL does this even more at a lower per share price. On the 4H chart, TSLL can be seen pivoting down in a VWAP breakdown from a high about July 19th. It is now in deep oversold territory supported by the redline of the second standard deviation line below the thick black mean VWAP. On the ZL-MACD, the cross under the histogram and the ascent of the lines toward the zero line shows in my opinion bullish disvergence. Upside to the target just below the POC line of the volume profile is about 15%. I will go long taking call options as : 1. contracts striking $ 16.00 for an expiration of 8/25 and, 2. contracts striking $ 17.00 for an expiration of 9/1. I am anticipating overall profits of 100% as a goal in this trade. I avoid time decay and in risk management I will close a position when it hits 100% or not less than two days before the expiration. Good luck on this trade if you take it. DYODD !by AwesomeAvaniUpdated 5
QQQ Trade Ideas for the Week of 5/27/2024Some potential paths for QQQ early this week. I'm leaning bullish, but will be ready to capitalize on downside if it happens.Longby AdvancedPlays0