TLT- #TLT Long Idea- $TLT BuysEntry: Price broke through the 4H and 1D swing highs. Will be looking for longs/buys if the market taps the bullish zone. Stops: Close below the all time lows will invalidate the idea. Take Profit: Discretionary.Longby Just-Technicals0
EW Consumer Discretionary ETF Triggers Outsized Decline This chart shows the EW Consumer Discretionary ETF (RSPD) with the ATR Stop & Reverse (ATR-SAR) indicator (red/green) and the price-relative in the indicator window (RSPD/RSP ratio). The ATR-SAR switches when there is a 4 x ATR(22) move in either direction. RSPD broke below the ATR-SAR and this signals and outsized decline. This reverses the bullish signal from early November, which is when RSPD surged above the ATR-SAR. The indicator window shows the RSPD:RSP ratio moving below its January low, which means the EW Consumer Discretionary ETF shows relative weakness. The combination of a bearish trend signal on the chart and breakdown in the price-relative is negative for the most economically sensitive sector. Shortby trendinvestorpro0
Shallow pullback and higher reboundLooking at the daily chart, it seems momentum is waning. PPM2 can't seem to maintain its position above the first derivative for much longer. Same goes for PPM3. While it seems like its all doom and gloom, note that the PPMs are only hovering around 0, not going into a trend. Looking at the weekly chart though, we see momentum looking to pick up, with PPM1 looking to inch back to trend mode. PPM3 looks to be taking a dip soon though so may need to look out for that. Overall, it seems price has reached a mini top, and may go for a dip over the next few days before resuming its upward trajectory.by tanreu2
Watching for IWM to bounce off support IWM is currently in a strong accumulation area based on the volume profile delta. The indexes were a bit oversold after yesterday's CPI report and FOMC minutes, leading to a bounce in the afternoon. I am skeptical as to whether today's PPI report and fed speakers will have the same effect so I closed my puts. Here is my reasoning: VIX keeps rejecting above $16.25. If it does not move up sharply at market open, I expect it to reject again and move back down towards $13.00. The 10y bonds chart looks like yields have topped out for the week after hitting the R3 fib pivot point. I see it retracing down the channel until next week. Same situation with the Dollar. I expect a small rally into the weekend or early next week. Timing will depend on the reaction to today's PPI report. I'd like to see a dip in the morning so I can minimize risk in case there is not enough momentum to get to $206. I expect some choppiness there so we can either continue moving up next week or head for new lows. Also thinking this looks like another bullish wedge on NYSE.. Longby ap769Updated 331
Bearish Hedging Strategy LONG inverse ETFsThe idea is shown on this 120 minute. With the new sticky inflation data, the writing is on the wall. Likely the rate cut will be kicked down the time road. When is in consideration may be a rate hike in the meanwhile. Mortgage rates unchanged makes the banks suffer. Loan applications are down. Treasuries are being affected. So are tech stocks that have a growth perspective as a fundamental basis for anticipated futures growth propelling share price. This hedging idea is a way to survive or even thrive in a chaotic and volatile market environment and a means to treat an overload of bullish bias with an antidote of sorts.Longby AwesomeAvani2
AWAY has formed a descending FlagA descending flag that forms around under 15 days are good setups and the sharp price increase before hand seems to be at a 45 degree angle so there is good chance of upside.Longby lawmuic0
SPY Channel BreakThe S&P500 opened and closed below the lower support line of an uptrend channel. This in itself is excuse to sell or go short, but generally you want to see 2-3 days of price below or above a channel before considering it a trend shift. Most likely first level of price support to watch for if price does head lower is $500. Nice round number and a psychological level for traders especially going into the end of the week. If bulls are still serious about the bull market they'll defend $500. The PPO trend indicator shows the green PPO line trending below the purple signal line which indicates a short-term bearish bias in price. The trend would be considered bearish in the medium to long-term if both lines cross below the horizontal 0 level. The TSI momentum indicator shows the green RSI line trending below the purple signal line which indicates a short-term neutral trend or slowdown in momentum. The RSI line crossing below the horizontal 50 level also indicates a short-term slowdown in momentum. The green RSI line is also trading below its lower Bollinger Band; in general you want to be short when the RSI line is below the lower BBand. With the hot inflation numbers that came out traders are probably starting to realize that there likely won't be a rate cut by the Federal Reserve in June, and maybe no cuts at all this year. The Fed is responsible for maintaining steady prices and low unemployment. Until unemployment rises the Federal Reserve is not likely to cut rates with persistent inflation. Shortby PrepForProfit3
Tomorrow is Make or BREAKIf the market does not give us a meaningful bounce tomorrow (~+0.75%) and hold, and instead breaks lower, things could accelerate to the downside pretty quickly. The downside risk at this point is heavier than the upside potential so all I'm saying is be careful. Would not personally be buying at these levels because you may be holding the bag if this goes wrong. Bullish count is green. Where the last couple weeks have been a complex consolidation pattern of WXYXZ and now the markets will shrug off everything and keep going up. If this happens then we could be looking at a further euphoric meltup. Bearish count is red. Where the last couple weeks have been a 1-2 1-2 1-2, which.......would be bad. Like....really bad. That said, I'm sure most people here would say there's no way, but based on the candles and price action here, this is the bear case. How could things go badly? If Oil prices continue upward. If bond yields continue upward. If precious metals continue upward These do not all have to happen at the same time, but if we see strength continue in these areas then that is bad news, especially if yields and oil trend upward still. That means inflation. IF inflation is not slayed and just slowly dying at this point, and is really a fire smoldering that is ready to start a fire again, then markets could be tipped upside down. I am holding long positions in growth stocks that I feel are very undervalued, but am also holding a large volatility position because I think the market is easily euphoric at this point and I see a lot of complacency around. Also, you can keep an eye on EUR/USD. I have noticed that it is pretty positively correlated with the stock market with a bit of a lag, so when EUR/USD starts falling, the SPY and markets may be forming a top or going into consolidation, and alternatively when EUR/USD forms a bottom and spikes up with markets it can help give confidence that the move up is real. Let me know what you all think. Cheers,by MonetaryRebel221
$SPY 4hr setupstill holding green channel, i'm still bullish this month as SPY needs a higher high to continue on monthly Heiken ashi candleby Fcova111
Solar stocks follow energy prices (crude oil).Solar stocks follow energy prices (crude oil) and AMEX:USO (oil etf) is about to break out. I read that chinese are outcompeting the west in cheaper solar products. ie NYSE:JKS TNX is at bull market, crude oil and yields correlate (not sure which one cause the other). I look at everything trough probabilities since nothing is ever known. Stocks do bad when economy does good. But energy sector performs well during good economy, whilst everything else is falling (Tech). Peak tech means bottom for energy? I think these are good hedge plays, if you believe rising oil or yields pose risk. Recently Chinese gov asked Jack Ma to return because their financial markets did poorly. There could be a sentiment shift, where indicator will be NYSE:BABA performance. People might still have an old bias?Longby citsvarUpdated 1
$KRE massive H&S top?Thanks to @TORNADOF5 for reminding me about this. A friend sent me a tweet last night about how banks are levered up on debt and that prompted me to look at the chart of KRE. As you might remember, AMEX:KRE was one of the worst performing ETFs at the beginning of this year with the failure of a ton of local banks. But since earlier this year, I haven't heard much talk about banks being in trouble. Well I pulled up the chart, I was surprised to see a massive H&S top forming. If price breaks $37-38, then I could see a big move down. The first target would be $29 and if price gets under that, it could get really bad. Could see price making it all the way to the lower support levels. Let's keep an eye on this because it'll be a great trade should it play out.Shortby benjihyamUpdated 221
20 yr Bond Yield attempting to break resistance. Ruh Roh Shaggy20 yr Bond Yield attempting to break through a 4 month channel resistance. If we can get through and stay above it, Long Bond Yields should get into the Mid 5's and might even challenge 6%. TLT could challenge all time lows ( $80 ) if we can get up there. Great Swing Trade Opportunity both ways. Longby grumpa061
DECENDING WEDGE ON $SPYAMEX:SPY nicely forming descending wedge. May be a nice entry today for puts due to crazy drops happening the last couple days. It could also breakout to the other side so doing small risk here.Shortby The_SPY_Who_Shagged_MeUpdated 224
SLV to dump???I sold today. I believe this is about to get a beat down. I did not and won't be selling my physical. Down to $12 and up to $48??? NOT FINANCIAL ADVICE!!!by Polarbearman111
Calls Russel 2000Price is landing on an important support zone, weekly support. I'm buying calls as shown. I think the double bottom pattern still active, and this is just a test of the broken resistance at 200.Longby ArturoL1
SPY SHORT to 509short set up. a move up into that zone should produce a move down.Shortby card2211111
Rotae out of Tech (XLK) into Oils (XLE) for longer term I'm very confident that for long term real money investors (or long time horizon long/short) a switch/rotation now from tech stonks into oils will pay off massively over the next 1 to 2 years (100% relative basis)Longby WVS_StockscreenUpdated 3
SPY Expectations Week 4/8/24SPY Expectations Week 4/8/24 Break and hold of resistance at 520.45= 📈 Break and hold of support at 513.6= 📉 News this week: Core CPI on 4/10/24 PPI on 4/11/24 *Disclaimer:The information created and published on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors. The content presented on this channel is strictly for educational and entertainment purposes and should not be considered personalized advice for any viewer. It's crucial to consult with a qualified financial professional before making any investment decisions.by J3Trad3sUpdated 1
SPY Expectations Month 4/24SPY Expectations Month 4/24 Break and hold of resistance at 524.6= 📈 Break and hold of support at 517.6= 📉 News this week: Core CPI on 4/10/24 PPI on 4/11/24 Later this month: Monday, April 15 Tuesday, April 16 Wednesday, April 24 Thursday, April 25 Friday, April 26 Don't forget to share your thoughts in the comments! Feel free to comment on other symbols you would like to see. The highest likes will have a HIGH chance of being posted 🫡 *Disclaimer:The information created and published on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors. The content presented on this channel is strictly for educational and entertainment purposes and should not be considered personalized advice for any viewer. It's crucial to consult with a qualified financial professional before making any investment decisions.by J3Trad3s2
$SPY April 10, 2024AMEX:SPY April 10, 2024 15 Minutes. AMEX:SPY opene gapup. But a sell bar as the close was near low of the bar. And 520.5 is not crossed. As expected took support at the rectangle. No trade for me. I think I will skip this week. I do not like the bar formations in the chart. Let it form a base as moving average nearby. No trade is also a trade. by RiderTrader449
2 Bullish TrendsThe golden pocket is in play if the support is broken. However given the absolute pumpage I am leaning torwards the top red line, breaking right out of the resistance. Longby Shredderr1
reversal couple gap need filled, with rounding top looking for a downtrend for reenetry by scottcloak7391
JETS: Looking to start a positionLooking to start a longer-term position with JETS ETF. Currently reclaimed its wedge structure from a TA perspective. Math-wise, I am looking for a mean reversion back up to around the 20$ range. The current mean is 24$. Not a short-term idea, but looking to try and find things that have not recovered as dramatically as the rest of the market and provide an opportunity to late entrants. Just my thoughts!Longby SteverstevesUpdated 3320