slvlooking at the monthly silver chart #sllv #silver as a major measured move is at play Longby awakensoul_3692
TLTWe have a nice convergence on week chart. Normally, bonds start rise half year before recession, so I expect in next 2-4 weeks it will start rising. 1 target - 115$ 2 target - 121$ 3 target - 135$ But it`s long term investing - 180-360days, so better to wait when it will start rise.Longby bohdanpolishchukUpdated 1114
LIT ETF updateStill in the Red for this ETF, a little disappointing since Electric vehicles will need lots of lithium. I will want to buy more at later stage when I see an uptick of sales of EV globally.The adoption rate is not as high as many expected with infrastructure, conversion, batteries, etc issues still hanging. I am looking at end 2024 to early Q1 2025 to review this chart again......by dchua19690
$SPY April 17, 2024AMEX:SPY April 17, 2024 15 Minutes. Consolidation day. Today is Wednesday. I am expecting a one sided move. For the fall 506.5 to 502.61, AMEX:SPY retraced 78% and fell at close. For the two lows 502.43 and 502.22 we have oscillator divergence. I believe the uptrend for that divergence is over from 502.2 to 506. Today action will be above 507 or below 502. My upside target is limited to 509-510 levels. My downside target is 497-500. I prefer to short at the moment. I generally go long ony when AMEX:SPY is above all moving averages. Shortby RiderTrader116
A fun look at SPY's correctionSo I took the log scale of SPY and copied the pattern of our august correction and placed it on top of April, I then added the Ichimoku cloud and it looks like the pattern would be bouncing at support and resistance and bottom at a relatively reasonable point around 470. I expected a bounce at some point because we aren't going to go straight down, so I wanted to get an idea of what it would look like if we replicated the previous drop. Based on today's price action I do not feel that we will be bouncing quite yet, I think we have room to fall perhaps to 495 before a bounce. I would have expected a bit more upside today if this was really a local bottom, it seems like the market was a bit too flat after a price discount. I think there is still some eagerness to sell. Just something to look at going into the coming months. :)Shortby MikeSpy0
SPY: Fall to $486-495?SPY looks set to close below the SMA 20 with an RSI < 50, which isn't great. Just getting an overall toppy feeling and expect a correction to the $486-495 mark if there's a break of the highlighted volume node. CPI was also hot so that weakens any idea of a rate cut this year. Anything can happen and I'm not looking for a short yet, but if there's some more downward RSI momentum I could be convinced. GLShortby khannan99Updated 1
Long Small Caps via TNATok a small long position on small caps by buying shares of TNA. Very small position.Longby SPY_Trader0
CYCLE LOW 4/15 4/17 golden ratio and spiral f9 4/16The chart is that of the DIA .This chart was telling me that the market was set for the decline right into the VIX cycle PEAK due 4/15/4/17 I have now moved to a bullish view that the first leg down is ending NOW and that Both wave count point to a rally to start from today and I have moved back into a 50 % net long CALLS next cycle turn is may 6thby wavetimer2
SPY - Selling FearSold 490 puts for 5/3/24 expiration, with 17 DTE. We may touch it, but doubtful. Also short 530 calls, but I sold them with 28 DTE, whenever that was. Almost out of juice at this point, might buy them back to lock in my gain and free up some capital. by SPY_Trader1
Calls QQQJust bought some call as shown. I think is going to bounce hard. I might sell it tomorrow. TP 435 ish. Longby ArturoL2
$tlt What if this the Right shoulder?This could be forming a H&S bottom. Zero talk about it. Could reflation move be peaking? Are we in a recession or soon to be? by shawnsyx68114
HYG broke its' 200 mda - RUT is following HYG downHYG broke its' 200 mda - RUT is following HYG down. RUT will likely follow it through the 200mda unless the Plunge Protection Team at the Federal Reserve comes to save it. Shortby grumpa061
$SPY Head & Shoulders formationhypothetical expectation on SPY - head and shoulders before the big drop?Shortby adamivori1
1 Day Tue 4/16/2024Downward channel since last 2 weeks, last 2 candles are Bearish - Current candle is Bearish and making lower lows. Can bounce off lower channel, however over all trend is lower low.Shortby rams1081
SLV remain long term bearishThe shooting star candle on the weekly last week points to weakness at least in the short term. The question is: is this just a short-term pullback (blue arrow) or it's the top for a long-term correction (yellow arrow)? Looking at the RSI on the monthly and weekly, it has never taken the top of the peak and the rally from the bottom has been in 3 waves. I highly suspect that this is just a wxy corrective bounce and is the beginning of a long-term pullback. But we should also watch TVC:DXY by then to see if it continues to go upShortby TraderBwater0
SPY - Bullish ScenarioDon't count the Fed out just yet. They are good at blowing bubbles, especially with a major election near at hand. While many Fed members have backed down on immediate rate cuts, some say that the Fed has no choice but to lower rates to prevent a major liquidity crisis. With this in mind, our current move stemming from October 2023 might be an extended wave 1 with wave 2 in process, moving down to the bottom of the channel around 495. A wave 3 measured move of 1.618 could push prices to near 700. This would be near a 2.618 measured move of a larger Wave 3 that also began in October 2023. While many are looking for a major Wave C correction that will take prices below the October 2022 low, not likely in an election year. Longby AssetDesign0
STXRESSTXRES - unwinding from the 50-61.8% FIB. My comment from Wednesday is also inserted on the chart. by techpers0
ποΈWeekly Report: Probabilities are stacking to the lowGENERAL MARKET REVIEW The stock market kicked off the day on a high note, with stocks initially experiencing gaps upwards and a brief period of appreciation. Nonetheless, these early gains were short-lived, as the market faced significant downturns for the remainder of the session. In today's trading, both the S&P-500 and Nasdaq indices have fallen through their 50-day moving average markers amid substantial trading volumes, signaling a bearish outlook. This further reinforces the notion that holding cash remains the superior strategy. We'll begin our chart analysis with a look at the Nasdaq-100 ( NASDAQ:QQQ ) and S&P-500 ( SP:SPX ) SPX-500 ββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββ META Sliced today and looks like it is heading to the 50D SMA. Could see a bounce but it is very much market dependent ββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββ NVDA Carving out a nice base with earnings coming on 22APR (Wednesday). The next buy point is above the $974 level on high volume, however I will look to play a pivot breakout before hand near the danger point, so that I would look to hold into earnings (IF I GET CUSHION) ββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββ SMTC Down just fractionally today. It is setting a Bull Flag Pattern. If it breaks the lower side of the channel I d cut it loose. by TintinTrading2
Chart Pattern Analysis Of Invesco QQQ Trust, Series 1. K1 is a bearish hangman pattern, K2 verified it. So, a potential double top or bearish flag pattern is on the way. K3 is breaking the neck line of the potential double top pattern. If it finally close below the neck line under sharply increased volume. A motive wave may take the price to the uptrend line or 0.5-0.618fib area. It seems similar to BTC.Shortby nothingchangehere0
$SPY April 16, 2024AMEX:SPY April 16, 2024 15 Minutes. As expected 505 levels in SPY. Opened gapped up. So after the first 15 minutes a sell below was triggered for 515 was a level to short as planned. As expected 50 day average was touched in daily. Now for the rise from 493 AMEX:SPY has retraced 61.8% levels. Crucial to hold for any uptrend to continue. If this level is not held we have to consider the rise from 409 to 524 levels. For that 23.6% retracement is 493 levels. It is also 100 averages in daily. At the moment bias is only on the downside. AMEX:SPY below all kinds of moving averages in multiple time frames. For the day considering the fall 512.62 to 503.58 508-509 will be a good level to short SL 511 for 497-500 as target.Shortby RiderTrader5
Wave Analysis Of SQQQ (Ultra short QQQ) Along the downtrend line, A last motive wave(05) possibly had run to the end. It seems that a three soldiers stalled pattern had stopped the last motive wave. But it must be verified by the following candles. If K4 close upon the downtrend line or K2 to establish a bullish morning star pattern. It is possible that the bear market will be reversed here. Longby nothingchangehere0
New scenarioThat nasty red candle from yesterday changed things. Price bounced off the short term trendline support today. We will see the market going crazy with no clear direction on the upcoming days. Buy I still think the SP500 will make another ATH. In the 4h timeframe looks liken a HS but I don't think is going to play out. We are in another consolidation phase. I'm still accumulating punished stocks like SOFI, ROKU, AFRM, UPST, RBLX. Inflation is not going anywhere, the Dollar peaked out months ago, the market wants assets, the asset holder will triumph on an inflationary environment. Longby ArturoLUpdated 2
$MSOS primed to break out from the nice snake formed trend, πReady to bounce from the lower trendlind. I'm expecting a strike above $10 $Descheduling should happen rather sooner than later πΆοΈπLongby TheUnknownTraderX221