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$GLD Double Bottom, Bullish Inverted H&S AND Bull flagging?! Am I blind? Are you? Holy moly. This looks textbook under the reversal patterns I have documented. To be HONEST, it doesn't look 100% but it's showing signs. In my previous AMEX:GLD posts I said $242.73 needs to hold and it has. I think AMEX:GLD is creating a new floor of support for the next 3-6 months. I'm going to be entering GETTEX:250C for months out in 2025. + EOY rally. $250 target gets AMEX:GLD to a 30% YTD. AMEX:SPY in the same boat, 30% YTD - I posted a chart on it as well, check that out. Leave a comment to let me know your thoughts. I looked through many time frames and this one looks the best. I can't say I'm a fan of the big Elmo candles but I see a flag forming. Leave a follow and a comment. wALL sTreeT L0S3R
AMEX:GLDLong
by wallstreetloser001
SPY Analysis: Will the S&P 500 Break Support or Rebound?Technical Analysis Price Action Breakdown: * Today’s Performance: SPY experienced a bearish session, breaking below key support levels around $608 and testing $604 by the end of the day. * Support and Resistance Levels: * Resistance: $609.07 and $612.00 are key overhead levels to watch. * Support: Immediate support lies at $604.35, with a critical level at $597.25. Indicators: * MACD: The MACD shows bearish momentum, with the histogram declining and the signal line below the MACD line. * Moving Averages: * SPY has broken below the 50-period moving average, signaling weakness. * The 200-period moving average is acting as support near $595. Trendlines and Channels: * Descending Trendline: A short-term downtrend is forming, with SPY unable to reclaim higher highs from last week. Liquidity Zones and Order Blocks: * Liquidity Zone: Strong liquidity is observed between $608 and $604, suggesting institutional activity at these levels. Scenarios: 1. Bullish Scenario: * If SPY reclaims $608, it may retest $609 and move toward $612. 2. Bearish Scenario: * A break below $604 could lead to a test of $597 and potentially lower levels at $595. Trading Plan Scalping Strategy: * Entry Points: * Long: Above $608 with a target of $609 and $612. * Short: Below $604 with a target of $597. * Stop Loss: * For long trades, place a stop loss at $606. * For short trades, use $606 as a stop. Swing Trading Strategy: * Bullish Outlook: Accumulate SPY if it closes above $608, targeting $612. * Bearish Outlook: Short positions can be initiated below $604, with targets of $597 or $595. Risk Management: * Maintain a risk-reward ratio of at least 1:3. * Limit exposure to 2% of capital per trade. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research before trading.
AMEX:SPY
by BullBearInsights
Opening (IRA): XBI January 17th 92 Covered Call... for a 90.47 debit. Comments: IVR/IV isn't fantastic here at 11.1/26.3%, but there is some IV skew to take advantage of on the call side -- 31.34% at the 92 call relative to 26.62% at the 92 put. Selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put to take advantage of the IV skew and the built-in defense of the short call. From a charting standpoint, the break even sets up nicely with the "RFK, Jr. low" in November. Metrics: Buying Power Effect/Break Even: 90.47 Max Profit: 1.53 ROC at Max: 1.69% 50% Max: .77 ROC at 50% Max: .85
AMEX:XBILong
by NaughtyPines
DIA should go up until the beginning of December...I am using the Heikin Ashi candlesticks as they show more of a directional movement thru the charts. Typically, you should wait until there are 2 green Heikin Ashi green candlesticks before entering. The typical uptrend of the DIA has been about 10-12 days. The typical move of the DIA has been about a 25 pt move per month which is about 454. The target of the 1.618 Fibonacci is 453. And typically the DIA has moved about 10 to 12 days up which would be about Dec 9th as a target. Even though you do not see the daily indicators shifting, if you look at the 6 hour charts, you can see the Stoch RSI moving upward, but the MacD and the DMI are not indicating a move upward just yet. And typically, I would like to see 2 green Heikin Ashi DAILY candlesticks before entering the market. The DIA will move upward until about Nov. 26 then it will trade sideways around the US Thanksgiving before it keeps moving upward until around Dec. 9th. The FED meeting is on Dec 17-18th with the meeting associated with a summary of economic projections. I suspect this will be slightly negative as there will be a downward movement around that time until Christmas. As I have said in my previous charts, I find the 5 minute indicators show what will happen in the next half hour, the 10 minute indicators show what will happen in the next hour, the half hour indicators show what will happen in the daily charts and the hour indicators will show what will happen over the next few days. (My opinion, not fact) I trade simple ... if I can't see the trade in a few simple steps, then this is not the trade for me. Also, I explain my trades in more detail for me, not for you. Repetition is the key for me. If I repeat it over enough in my head, it will more likely stick. Happy Trading everyone!!! :-)
AMEX:DIALong
by Princessgirl
SPY should go up tomorrow ....I am using the Heikin Ashi Candlesticks as I find you can see a definite directional pattern with them on the chart itself. Typically, you should wait until you see two green candles, but if you look at some of the indicators on the 6 hour chart, you can see that it is indicating a bullish move. The 7 hour and daily indicators should follow soon. (I will post these hourly charts following this idea) After the US election last month, the market shifted a little in the amount of days the SPY went up. In the month of November, the market only went up about 7 days but it did hit an upward move of 32 points and the Fibonacci number. I believe the market was shifting in November to get ready for the US Thanksgiving and Christmas as well as other upcoming events such as the Fed Meeting in December and other events in the January. The SPY will go up until about Nov 25th before moving sideways for a few days while US Thanksgiving is nearing. After US Thanksgiving and Black Friday, the market will continue to go up until Dec. 9 to 11th which is about a 12 to 14 day move using the green Heikin Ashi candlesticks. This was the typical length of time of the move of the previous months with the exception of November. In the last few months, I have observed that the up trend goes up between 12 to 14 days. So I will be out by Dec 10th. If the market hits the 1.619 Fibonacci, which is about 609, I am out. The SPY has been usually moving about 32 points per month on average. If it hits a 32 point upward move (616), I will be out. (but it will hit the 1.619 Fibonacci line before it hits the 32 point move) I believe the SPY will go up for the month of December and January before going down in February. I have been noticing that the market goes up for about 3 months before having a more of a downward trend in the fourth month. The market should technically go down after the middle of January and for approximately a month. During that time, the market may shift a little in time. (I am looking forward to that month to learn more.) If you look at the indicators on the 6 hour charts, specifically the DMI, Stochastic RSI, and the MacD, you can see that they are starting to shift to indicate a bullish move. Typically, I used the half hour, the hourly and the four-hour chart indicators to confirm that this is indeed a bullish move. I need all those indicators to align to confirm a trend. I only trade with the strength of the trend not the retractions. And typically (not always) I wait for at least 2 green Heikin Ashi candles to confirm trend before I enter. These are my rules that I follow. As I have said in my previous charts, I find the 5 minute indicators show what will happen in the next half hour, the 10 minute indicators show what will happen in the next hour, the half hour indicators show what will happen in the daily charts and the hour indicators will show what will happen over the next few days. (My opinion, not fact) I trade simple ... if I can't see the trade in a few simple steps, then this is not the trade for me. Also, I explain my trades in more detail for me, not for you. Repetition is the key for me. If I repeat it over enough in my head, it will more likely stick. Happy Trading everyone!!! :-) And here's to making oodles of money or at least learning something if you don't.
AMEX:SPYLong
by Princessgirl
5
SPY/S&P500: in the mid-term resistance zonePrice has approached the upper border of the mid-term resistance zone: 598-612. Until price closes bellow 612, I am preparing for the start of a correction to mid-term support: 564-540. If price moves confidently above 612, than next resistance target is at 635 level. The macro-structure of the uptrend from 2022 lows is well intact until price holds above 540 level and assumes higher targets for 2025 at 635-640-670 levels. I wish everyone Merry Christmas and successful and profitable 2025! Thank you for your attention.
AMEX:SPYShort
by artemfedorov
QQQ Analysis: Tech Giants' Sentiment and Potential MovesPrice Action Breakdown: * Today's Performance: QQQ opened lower but found support near $520.65, with a minor recovery toward $522. * Support and Resistance Levels: * Resistance: $527.63, with $530 acting as a psychological level. * Support: $520.65, followed by stronger support near $514.39. Indicators: * MACD: MACD shows bearish momentum, with the signal line crossing below the MACD line and declining histogram bars. * Moving Averages: * The 50-period moving average is providing minor resistance near $524. * The price remains above the 200-period moving average, indicating a long-term uptrend. Trendlines and Channels: * Uptrend Channel: QQQ is trading within an ascending channel, though the lower trendline is under pressure. A breakdown could lead to further bearish movement. Liquidity Zones and Order Blocks: * Liquidity Zone: Significant activity near $520 suggests buyers are stepping in to support the price. Scenarios: 1. Bullish Scenario: * If QQQ breaks above $524, it could test $527.63 and $530 next. 2. Bearish Scenario: * A break below $520.65 could lead to a test of $514.39, with further downside potential. Trading Plan Scalping Strategy: * Entry Points: * Long: Above $524 with targets at $527 and $530. * Short: Below $520 with a target of $514. * Stop Loss: * Use a $1.50 stop loss for scalping trades. Swing Trading Strategy: * Bullish Outlook: If QQQ remains above $520, consider accumulating with a target of $530. * Bearish Outlook: If QQQ breaks below $520, wait for confirmation to short toward $514 or lower. Risk Management: * Keep risk-reward at a minimum of 1:3. * Monitor volume at key levels for confirmation. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence before making trading decisions.
NASDAQ:QQQ
by BullBearInsights
$SPY December 10, 2024AMEX:SPY December 10, 2024 15 Minutes. 605 as expected was done. Downtrend confirmed as long AMEX:SPY is below 607 levels. 607 is 200 averages in 5 minutes and 61.8% retracement for the fall 609.07 to 604.08 This 606-607 is a level to short. For the rise 597.28 to 609.07 61.8% retracement is 601-602 levels. Soif 604 is broken today 599-600 is my target for today. In daytime frame AMEX:SPY took support at 9 averages. 21 average is 598 levels. For me usually downtrend in 15 minutes until 200 averages price is above current price in 5 minutes. We have an oscillator divergence at close. price made LL but oscillator did not support. So, i expect a pull back at open.
AMEX:SPYShort
by RiderTrader
16
Spy 620 EOYHello Traders... Been awhile.. Figured time for an idea.. I see us hitting around 620 EOY... For now we might get a little dip this week before we head up there the last two weeks of the year. I see something happening around February 1 then something again around March/April. I have a feeling SPY/SPX wants to tag 666/6666 since 2008 bottom was 666 .. Will we head straight there as shown with trendlines around April 2025? Or will we have a pullback at end of January... then head back up that way into the summer. I see us peaking around of Summer 2025. Then maybe have weaker/selloffs into 2026.. My thinking as of now.. see how things go. Feb 1 is ? .. Some think it will peak around then.. It's possible..But I'm leaning towards maybe a pullback at most... and at least...nothing much..and we continue to April then get the bigger pullback. But I also see another wave summer 2025.
AMEX:SPYLong
by TheUniverse618
Tech shares in Hong Kong rallying....Comparing the 3067 ETF and the top 2 tech stocks of HK, Tencent and Alibaba, we can see that Tencent has broke out of its resistance zone and is rallying higher. Now, Alibaba and the ETF is playing catch up.... I have previously said that if you have limited funds, does not like or dunno how to analyse individual stocks, prefer diversification, the 3067 ETF provides a good exposure to the growth companies of HK Tech space. Before one gets carried away, you can see that it has been in a range bound territory since Mar 2022. That means, had you bought into this ETF say at the bottom, then congrats you are in profits already. But if you bought at the resistance level, then you are making small profits now. I would urge not to sell unless you need the money as the bull market has just begun. There is a 1 week holiday in China now and when these locals return, they will be pushing the market even higher. So, these 4 days we are lucky to catch the ride before their returns. In a frenzy bull market, the pullback may not come as soon as one wanted it as it takes time for the market to digest and cool down. Indicators like overbought, parabolic 90% rally , FOMO , etc are all over the news. So, you have to sure that you are prepared to hold on to these companies for long term if you decide to average up. Please DYODD
HKEX:3067Long
by dchua1969