$SPY trend retest into monthly resistance? AMEX:SPY 4 hr looking strong. NASDAQ:MSFT , NASDAQ:GOOG , NASDAQ:GOOGL , NASDAQ:META all report this week (W-T) Trend line converges with monthly resistance. We'll see. Longby Delli221
Massive H&S for Sugar? Right shoulder forming?Is this a massive Head and Shoulders pattern for Sugar? The head and left shoulder are complete but will the right shoulder form and head to the mid 7s? Time will tell and we'll know by early 2025. This all started in June 2014. by andmk2Updated 0
MZNETF - PSXCup and handle pattern is completed and MZNETF is moving toward its target. Longby Zeb_05550
Gold bull flag reviewI posted this chart in march on a bull flag that was starting to form with a projection to the dashed green. This is a great example of a longer term setup that rewards the patient. Of then these flags or wedges like to break out on strong volume and then dump for a retest, only to continue to project towards the target. If you had entered 6month to one year out calls on this setup youd be up 400-700%. I did not play this setup this time around but have played GLD bull flags in the past and like to use them as a way to get standard investment exposure to the asset with higher upside, this is also more capitally efficient. -For example a June 21st 2024 call was 300-450$ in that timeframe in March, these are now worth 1320$ -This was my same strategy for OXY longer-term calls Longby Apollo_CB1
SOXL Next Best Trade (Bullish Potential)Weekly FVG Close at 41. Daily Close at 38. Waiting for reversal pattern.by RandiMichelle113
SOXL LONG ENTRY setup soxl is goooooood pull back now. it;s time to buy like no tomorrow!! but still posssible down to $25 my bull entry with no stop loss... ^^Longby ys03korea2
XLREReal Estate Sector SPDR Fund! DOWN, DOWN, DOWN As soon as it break horizontal line we see Target by Arrow!by sunmikee1
Gold Gold Gold, Trending up Strong!Gold has been up undisputably. Investor are kept pumping in Cash! US $ will get weaker but Gold will be Up and Up. more Value than Paper money. Strong trend that shows bullish in All MAs after years of consolidation. Where it ends , I don't know but keep riding the waves are smarter choice. Keep going QAU ! 1) Target $21 Longby Alf200020Updated 1
GBTC Is Looking For A Bullish Resumption After Bitcoin HalvingWe talked about bullish GrayScale Bitcoin Investment Trust (GBTC) already back on February 28th with a weekly free chart, where we mentioned and highlighted an ongoing five-wave impulsive bullish cycle. Well, as we actually expected, after GBTC reached all-time highs, we can see a projected slow down that looks like a wave (4) correction. A correction actually occurred a month before the Bitcoin halving and finished right before the Bitcoin halving. And, as you can see now in a closer, 4-hour chart after the halving, GBTC is bouncing from projected support after a completed A-B-C correction in wave (4), so wave (5) is now in progress, which can easily lift Bitcoin price back to highs as well.Longby ew-forecast5
QQQ's Longer Term UpdateGoing over the 4 hour QQQ chart updating price action and our plan going forward04:03by BobbyS8133
$TLT, the last bond rally before bear market continuation?NASDAQ:TLT seems to be setting up for one last move higher. I think we're likely to see a bottom of the short term move between around here at $92. Then I think post fed meeting, we'll get a move in TLT up to the $98 resistance, that's where you'd want to be a seller of TLT or buy puts. After that, I think largely the remainder of this year will be bearish bonds after the $98 resistance gets tagged. I also think we'll see new lows (I know this is very opposite of what most people think will play out). This is also likely the catalyst that brings down the stock market (rates rise more than people think is possible). Let's see how it plays out.by benjihyamUpdated 7710
SPY min upside 5150 and up to 5330 june 6thThe chart posted is that of the spy in which I posted back in March I have NOT changed the labeling as it was correct .We are at the end of wave A down and should see a rather sharp ABC rally back up to a min of 5150 and then a pullback followed by the last wave up I do think it can reach as high as 5330 this is the alt to my 5261. We are now one of the most over sold in a few years . Best of trades WAVETIMER by wavetimerUpdated 116
XLP - consumer staples signaling possible upward reversalAMEX:XLP regained its YTD and MTD anchored volume weighted average price, as well as the VWAP anchored to the 3/21/24 FOMC meeting. Momentum is turning sharply upward and most major moving averages are in a productive relationship to one another and price. Additionally, XLP/SPX is showing a potential reversal toward relative strength. It's crossed above the MA for the weekly Bollinger band, has the longest streak of growing volume, and has broken out of a declining rate of change. Longby Ben_1148x21
Create an income producing Covered Call.If you like to trade volatility, then BITX is for you. BITX is a leveraged Bitcoin-linked ETF that aims to provide daily investment results that correspond to twice the daily performance of the S&P CME Bitcoin Futures Daily Roll Index With an IV30 of 136.90, (SPY is 14.78 as a comparison), you will find selling the option premiums advantageous. Consider this Covered Call idea using the price of BITX on April 22, 2024. Buy 100 shares of BITX @ $44.82, and at the same time, Sell to Open 1 Call, strike $45, price $2.19, expiring April 26, 2024. Your net cost of the trade is $4,263,00. If BITX is $45.00 or higher at the market close on April 26, your shares will be sold at $45.00 leaving you a profit of $237.00. This is a 5-day return of 5.29%, annualized at 275% (for comparison purposes). If BITX is below $45 you keep the shares and the $219,00 premium. The cost basis will be $42.63 per share. You can sell the shares anywhere above $42.63 for a profit, or you can sell another Call for additional income and possible net cost reduction. Educationby srhightower4534112
502.20 Put back to 292$Put at the top. Looking for a drawback down to 492$ support for continued Downtrend.by KommonStock111
Who wants to ride the SPY slide?Don't be fooled kids! SPY is just getting ready to DUMP!Shortby SPY_Trader220
QQQ Mid day scalping zones 4/22Make Trading Simple Again! Here are my 15 min qqq scalping zones. Upside Targets: Jan gap fill hold? *417.31 - 418.51 - 419.44 Downside Targets: Jan gap fill reject? *413.14 - 411.68 - 409.94 Daily Trend Tracker *DXY - Bullish - *VIX - Bearish - *US10Y - Bearish by QuantumEdgeAnalytics0
Junior Miners will fall 10-20% before catapulting in Mid MayMiners didn't accelerate to the upside like metals because they do better in lower interest rate environments, whereas metals do better for volatility events. You could buy ITM puts here on JNUG, NUGT, GDX or GDXJ and see a good return, or just wait for this to bottom in a couple of weeks and ride the lightning. THIS opportunity is one of the 2 that I see this year where you can buy OTM calls and this will be like Gamestop imo. THIS ISN'T FINANCIAL ADVICE!Longby EmptyEternity3
$NDX getting very close to support levels, close to real bounceMakes sense for NASDAQ:NDX to get a bounce here as it is at the 1st Support level after the December breakout & it is Oversold. NASDAQ:QQQE = Equal Weight #NASDAQ100 Never broke its ATH & it is Oversold on the daily chart. Weekly charts put it in the middle of the range. RSI needs to stay here to remain bullish. $ Flow has slowly waned. by ROYAL_OAK_INC1
Wild Ride for SemiconductorsThis has been a huge drawdown for semiconductor bulls, but this relief rally should leave us above the open of that last daily candle at some point this week. ive marked that level out. the neural net and convolution strat says its rebounding looking for a place above these candlestick pattern levels to weekly sell again.Longby cerealmarketUpdated 0
4/22 Weekly Index Outlook - JournalTraders, Given: SPX (SPY) is used as overall market index. FED remains the primary determinant for overall market movement. All major indices pulled back last week. SPY failed to reach its 100DMA in the pull back. QQQ overshot its 100DMA in the pull back. GDP reports Thursday Pre Market. PCE, Personal Income & Spending reports Friday Pre Market. Iran / Israel situation has cooled US Govt approves add'l Iranian Oil sanctions. Noteworthy: QQQ down ~8% peak-to-trough (P2T) SPY down ~6% P2T Expectations: Earnings based movement for individual stocks. Indices range Up / Down towards respective 100DMA pending additional insights into potential fed behaviors in June. Instrument: NA by WillNixTrading2
DCA Strategy on EUNLPerformance for 10 years using the DCA strategy applied to EUNLLongby lifestylemaniacsrt0
LONG SPY 505 then SHORT 511Good Morning Grazers, Little birdie is showing close to 20m puts expiring on Friday April 26th with strike 510 , by the same token the biggest $ on puts is 490. In addition there is some heavy concentration of both at level 505 which may be a 'hot' level this week so be mindful entering S or L at that level. If you consider Friday the ERL of SPY we are heading for 510 which is curiously the 50% retrace. We may get some tailwinds from earnings that will without a doubt solidify strong performance as Q1's are generally pleasant in the grand scheme of yearly cycle, re-openings and new launches of campaigns etc etc. I foresee the gapper being filled to the upside so ride the wave high and then drop it like its hot at 511 just ensure your own conviction of when to take the short as to not take it prematurely. Happy Grazing, by twocowz0