SPY PUTSHere we gooooo. Institutional order here, nice wick out of supply zone. Classic drop base drop, 2-3 days out... $2-3 OTM. Lets get it.Shortby Smart_Money_CpyderUpdated 4
Uranium X ETF break out - BullishA descending wedge in an uptrend has led to textbook breakout with Uranium X ETF ($URA) Could be a retest though at 20.50 Weekly chart has been usedLongby andmk2Updated 3
Mixed signalsThe daily chart is currently showing the momentum fading on the PPM1. It looks to be heading down after finding a near term top. As we can see price already trading in a range, it could mean that the market is trying to find a direction. This could either be finding a top or gathering momentum to continue upwards. For more clues, we turn to the weekly chart. We can see that the weekly chart is past the first high fib target of 3.308. Momentum is still likely to be on the upside even though PPM3 is slightly under water (no trend so for now it is irrelevant). PPM1 shows some more upside for the next week or so before dropping off in momentum. This could mean we may try to reach for high fib target 2 at 3.384. Note that even if momentum drops off, as long as we stay in trend mode, there is still potential for price to continue rising to find a top. by tanreu0
$SPY April 30, 2024AMEX:SPY April 30, 2024 15 Minutes AMEX:SPY opened gap up around 510 levels. But the expected retracement happened only near end of day. It is on sideways between 508-510 levels. If we consider the rise from 493.86 to 507.37 4SPY retraced to 497.5 levels. This is more than 61.8 retracement for the rise. Hence 508-510 sideways going on for consolidation. I have first target as 514 levels once 511 is crossed and close near top of bar. At the moment uptrend intact in 15 minutes as long as 507 +- 0.5 is held. I am supported by AMEX:SPY above 50,100 and 200 moving averages. 9,21 and 50 have converged. Since Elliott oscillator is red and CCI red i expect a small retrace to 506-507 levels before crossing 511. In the event we have a gap up today above 511 I will wait for retracement to 509- 510 levels and take a position only if close of bar is good when it crosses again 511.Longby RiderTrader114
Elliott Wave Intraday Analysis on GDX: Further Rally ExpectedShort Term Elliott Wave View on GDX suggests that rally to 35.74 ended wave 3 on April 12, 2024. From there, the ETF pullback as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 33.44 and wave (b) ended at 34.35. Wave (c) lower ended at 32.43 which completed wave ((w)). The ETF then rallied in wave ((x)) as as a double three structure in lesser degree. Up from wave ((w)), wave (w) ended at 33.95 and wave (x) ended at 33.11. Wave (y) higher ended at 34.31 which completed wave ((x)). The ETF then extended lower in wave ((y)) as a zigzag Elliott Wave structure. Down from wave ((x)), wave (a) ended at 32.78 and wave (b) ended at 33.60. Wave (c) lower ended at 31.90 which completed wave ((y)) of 4. The ETF has turned higher in wave 5. Up from wave 4, wave i ended at 33.3 and wave ii ended at 32.79. Wave iii higher ended at 34.95 and pullback in wave iv ended at 34.07. Expect the ETF to extend higher in wave v to complete wave (i). Afterwards, it should pullback in wave (ii) to correct cycle from 4.23.2024 low before it resumes higher. Near term, as far as pivot at 31.9 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.by Elliottwave-Forecast1
USO Stock Chart Fibonacci Analysis 042924Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 82/61.80% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day. by fibonacci61800
May Market Outlook, Sectors Rotation, Relative Strength AnalysisSince February, the commodities asset class has surged ahead, overshadowing the S&P 500's faltering performance. This notable shift in market dynamics underscores the resilience and strength exhibited by commodities during this period. Of particular interest are the XLE and XLU sectors, which have emerged as frontrunners since early March. This transition coincided with the decline in momentum of previously dominant sectors like XLK and SMH (refer to Fig. 2). Notably, XLE and XLU, characterized as growth defensive sectors, have thrived amidst market downturns. Investing in commodities and energy/utility sectors during these phases could have yielded significant profits, with select energy stocks boasting returns exceeding 25%, while the S&P 500 experienced an approximate 10% decline. Looking ahead to May, it's anticipated that XLE and XLU will maintain their market leadership, albeit with a slight loss in momentum. However, investors are advised to remain vigilant as these sectors may soon witness a change in dynamics. It's crucial to employ stop limit orders to safeguard profits in such volatile conditions. Following the current trajectory, XLY, XLRE, and XLF are poised to emerge as significant players in the market cycle (refer to Fig. 3&4). However, it's important to note that these sectors are susceptible to rapid momentum shifts, particularly when XLK and XLC regain momentum. Looking towards June, indications suggest that XLK and XLC will likely regain prominence in the market. For buy-and-hold investors, this presents an opportune moment to consider purchasing assets during market dips. Considering these market dynamics, my top investment picks are (TSLA), (GOOG), (AAPL), (ORCL), and Cisco Systems, Inc. (CSCO). These companies demonstrate strong growth potential, especially when timed strategically to align with sector rotation leadership shifts.Longby MESHANL2
Inflation ratios for spotting fed rate trend part 7Inflation ratios for spotting fed rate trend part 7by JoaoPauloPires0
Spy short 3-8% correction or New Bear MarketNew Thread ok everyone our levels for April 21st are Bulls calls over 502.50 price target 504-505 max508 maybe unlikely wouldn't count to much on the upside targets Bears short everything under 502 price targets 495-490-485 and as low as 480 this week my scenario playing out this week is a range 488-500 max this is what I anticipate the week forecast stuck in a range before moving lower in MAY.Shortby JoeWtradesUpdated 183183127
Can SPY stay above the 20DMA?Looks like AMEX:SPY wants to dump, but the Stochastic indicates that bargain hunters and dip buyers are starting to grow impatient Shortby SPY_Trader0
A Fun TSLL TradeWhen that big bull closed above the giant bear volume indecision candle, I got in before market close.Longby BeardedJerm0
QQQ GOING FORWARD abc x abc CHOP till mid early may The chart posted is what I see forming within the correction phase . as you can see the Dia and Iwm are showing some real sights of weakest the game of musical chairs one by one drop off So far best of trades Wavetimerby wavetimerUpdated 7
QQQ Sellers In Panic! BUY! My dear followers, This is my opinion on the QQQ next move: The asset is approaching an important pivot point 414.64 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 423.93 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 225
Vanguard VWCE Funds Amidst Political Uncertainty in 2024Navigating through periods of political uncertainty requires a strategic approach. As the 2024 US presidential elections loom on the horizon and global geopolitical tensions simmer, investors are seeking avenues for potential growth while mitigating risks. Among these options stands the Vanguard VWCE Funds, offering a diversified portfolio that may weather the storm of uncertain times. The Vanguard VWCE Funds, comprising a global mix of stocks and bonds, have garnered attention for their ability to provide investors with broad exposure to various markets worldwide. As the political landscape shifts with each passing election cycle and geopolitical tensions ebb and flow, understanding the potential impact on investment vehicles like the VWCE Funds becomes imperative. In the context of the 2024 US presidential elections, investors may anticipate market fluctuations and volatility leading up to and following the outcome. Historically, elections have been associated with uncertainty, as markets react to the policies and agendas of newly elected leaders. However, amidst the uncertainty, the VWCE Funds offer a diversified approach, spreading risk across multiple markets and sectors, potentially mitigating the impact of any single event. Moreover, geopolitical tensions and conflicts, unfortunately, remain a reality in today's world. From regional conflicts to trade disputes between global powers, such events can introduce volatility into financial markets. However, the VWCE Funds, with their global exposure, may provide investors with some level of insulation against the impact of geopolitical turmoil. By diversifying across regions and industries, the funds aim to capture opportunities for growth while managing risks associated with geopolitical events. It's essential to acknowledge that past performance is not indicative of future results, and investing always carries inherent risks. However, by taking a long-term perspective and adopting a diversified investment approach, investors may position themselves to navigate through uncertain times more effectively. Furthermore, the VWCE Funds' emphasis on low-cost indexing aligns with Vanguard's philosophy of putting investors first. With low expense ratios and a passive investment strategy, the funds aim to maximize returns over the long term while minimizing costs. In conclusion, as investors brace for the potential impact of the 2024 US presidential elections and global geopolitical tensions, the Vanguard VWCE Funds offer a compelling option for those seeking growth amidst uncertainty. By providing broad exposure to global markets and adopting a diversified approach, these funds may serve as a resilient cornerstone in investors' portfolios, regardless of the political and geopolitical landscape.Longby FOREXN1112
SPY Scalping Zones 4/29Upside Targets: * 510/512.04/514 Downside Targets: * 509.03/507.74/506.66 Daily Trend Tracker - *SPY- Bullish *DXY - Bullish - *VIX - Bearish - *US10Y - Bearish by QuantumEdgeAnalytics5
QQQ Scalping Zones 4/29Upside Targets: * 432.61/433.11/436.01 Downside Targets: * 432.11/430.81/429.58 Daily Trend Tracker - *QQQ - Bullish *DXY - Bullish - *VIX - Bearish - *US10Y - Bearishby QuantumEdgeAnalytics0
✏️ Weekly Report: "Buy in May and Stay"?MARKET OVERVIEW The stocks had a good turnaround after a strong report from $NASDAQ:KLAC. NASDAQ:MSFT Also posted strong earnings! Could the famous saying "Sell in May and go away" turn to "Buy in May and Stay"? Lets review some charts. NASDAQ:QQQ The Qs snapped back after strong earnings. Now it looks like we are heading for the 50D SMA –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:KLAC Up $19 from the $687 buy point that I shared in previous idea ( see related ideas below ) –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:NVDA Mentioned it in previous idea ( see related ideas below ) before it skyrocketed $51. Could consider here or a little bit lower if it consolidates. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:SMTC Up $2 from the $33 buy point mentioned last week on the idea. Potential add point is the $35ish level. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:META We warned about META, what we are seeing is that buyers are stepping in on Friday and Thursday to support it. For the aggressive traders could play a snap back but personally, I would pass. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:MSFT MSFT snapped and squatted lower. Consolidation around the 50D SMA would present a good opportunity for a buy. Before that I would pass. –––––––––––––––––––––––––––––––––––––––––––––––––––– BINANCE:BTCUSDT Nothing to do on Bitcoin but wait during the base building period is over Longby SimplerSignals1
2822 - 6 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.Longby TheArtOfCharting0
SPY Top? *** NOT INVESTING ADVICE*** After taking a look at some of the current monthly charts on the SPY and comparing with some other stocks from within. I believe we may have topped out and are due for a correction potentially targeting the 485 area. I am seeing bearish divergence on th3e daily, monthly, and 3 month charts. Tech earnings continue this week and could send us lower fast if they come in hot. with my eyes on NASDAQ:AAPL in particular. A miss from this company could send us lower, along with NASDAQ:AMD this week as well. FOMC: as for rate cuts, I believe that we will hold steady once again, and will be postponed potentially till Decemeber to reach the 2% area that JPow speaks about. The last inflation reading showed inflation on the rise again but time will tell. *** THIS IS NOT INVESTING ADVICE*** Good luck Trading!Shortby FishinForThemWhales1
SPY: Bears Will Push Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SPY pair which is likely to be pushed down by the bears so we will sell! ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals112
SpyThe correction back to the primary trendline has started.. i had to to dust off the 100sma for a lot of stocks and indexes. Overalll technicals tell me we are headed lower than last week lows but a nice dead cat might be here near term. Dow jones Held that 37,800 support all week and finish the week with a break out of its down trend Looking for a short term bounce back to 38,600 if it can get over 38,050 or 100sma. Max upside is 50sma Long term, dow jones looks to be pulling back to 35,500 or primary trend line Qqq weekly chart with fibs.. 407 incoming and a high chance of 395 gap close.. 411-413 closes support for a short term bounce.. weekly 20sma at 425, daily 100sma is at 422.. So any thing over 420 will be tough.. id look to short around 422-425 with 407 target. Heres XLK the biggest tech sector... Headed back to its primary trendline and 184 gap close near weekly 50 sma SMH chip sector (Log scale) Headed to trendline support around 190 similar to XLK.. IXIC (Nasdaq composite) Friday QQQ closed gap at 413.. this same gap on IXIC is at 15,158. 15,158 gap did not get close friday. Yes it will get closed this week but an immediate drop to this level would pull QQQ to 410-411.. Fib levels are from 2022 low and ATH.. 15,158 is at .786 support so we could see a nice bounce there before heading lower. IXIC and QQQ levels are always different the same way Spy and SPX levels are.. Sometimes SPX would close a gap but spy would need another 1.00$ drop to close that same gap, this would then cause SPX to drop further fawking up your entry if you bought the dip . 3black crow weekly candle on a lot of stocks. This candle pattern indicates a fourth red week. Vix on the other hand is showing 3 white knight pattern which indicates a 4th green week ahead. Remember, weekly candles dont have to fulfill until mid to late week.. Core PCE friday could be a major catalyst.. Spy Bulls dont like this channel.. we could see 460 By end of summer. That trendline breakout was indeed a fakeout!. Short term target is 490 gap close Below that and we head to 482 Falling wedge is showing.. If it can breakover, than 505 ,and MAYBE 508 next up The overall trend down, Spy cant even get over smaller time frame moving averages, bears could wait for a pop then load at 505 and reload if it touches 509 with a stop out above 510.. Mid may EXP Shortby ContraryTraderUpdated 191973
SPY falls out of its channel on geopolitical risk SHORTSPY on the 2H chart shows the past six months of trend. SPY has been in an ascending channel but fall out of the channel. Iran's ambition to retliate against Israel and the movement of US NAVY warships into the the Middle East raises concerrn as does "sticky inflation" and early earnings reports from big banks. On the chart, trend angle analysis suggests the SPY may be topping or correcting its ascend. The shorter VWAP line are more flat than the longest VWAP line. I see this as impetus to further implement my hedging strategy with conviction and discipline. I can easily appreciate that SPY could pullback to 490 ( the middle anchored VWAP line) and easily could pullback into 465 as a standard Fibonacci retracement. Obviously fundamentals can trump technicals. Geopolitical risk is significant can easily trump both of them. I find good cause to hedge with inverses of ETFs of the indices and inverse ETFs for technical stocks, and perhaps banks, financial stocks and bonds as a means to buffer any fall my long positions moving forward.Shortby AwesomeAvaniUpdated 2