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SPY/QQQ Plan Your Trade For 12-3: Gap ReversalToday's Gap Reversal pattern in a Counter-Trend mode suggests the SPY & QQQ will experience an opening price GAP - followed by a reversal of trend - possibly to the upside. I believe we need to watch how the GAP forms at the open to determine if we are likely to see an upward or downward price trend throughout the rest of the day. My analysis suggests an upside price move is more likely than a downward price move today for the SPY/QQQ. Gold and Silver appear ready for a liftoff. Silver appears to be attempting to break above the recent high price levels and Gold should follow along. I believe any Gold and Silver are poised for a big rally phase - but that rally will come when the US Dollar advance stalls and pulls downard a bit. Bitcoin is still trending in a Flagging formation - setting up the Phase #2 of a Bullish Excess Phase Peak. We need to watch for a breakdown in price - possibly sending BTCUSD down to $80k-$82k. I urge traders to stay cautious (Still). This is not the time to be aggressive as I still believe the low liquidity in the markets will present a very real risk of a volatility event (the Anomaly Event I keep suggesting is likely). Remember, if you can't take the lumps, stop and rethink what you are trying to trade. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
5
strated acumulating fmcg giants base building started the etf holdings are the fmcg giants of india and have started to make a base around here i dont want to take a bulk trade at the bottom i dont want to find the bottom and will accumulate this etf for a good exit price in jan end or feb month targets i have not yet figured out the targets but a move above 70 is where i will evaluate again but this a time for me to start accumulate and i expect it to move in tight range and build a base around these levels underlying names that this etf price will reflect are NSE:HINDUNILVR NSE:ITC NSE:NESTLEIND NSE:DABUR BSE:BRITANNIA NSE:MARICO there may be some more names but these are enough for me to build my positions here
BSE:FMCGIETFLong
by Tradegainer
1
strated acumulating fmcg giants base building started the etf holdings are the fmcg giants of india and have started to make a base around here i dont want to take a bulk trade at the bottom i dont want to find the bottom and will accumulate this etf for a good exit price in jan end or feb month targets i have not yet figured out the targets but a move above 70 is where i will evaluate again but this a time for me to start accumulate and i expect it to move in tight range and build a base around these levels underlying names that this etf price will reflect are NSE:HINDUNILVR NSE:ITC NSE:NESTLEIND NSE:DABUR BSE:BRITANNIA NSE:MARICO there may be some more names but these are enough for me to build my positions here
BSE:FMCGIETFLong
by Tradegainer
SPY Analysis: Strategic Playbook for Scalping and Swing for 12/3SPY continues to showcase strength as it nears key resistance zones. This comprehensive analysis outlines critical price action, support/resistance levels, and actionable trading strategies for both scalping and swing trading. Technical Analysis and Price Action 1. Trend Overview:
SPY maintains a strong bullish trend, breaking out of a consolidation phase. Price action aligns with higher highs and higher lows, confirming bullish sentiment. 2. Key Support & Resistance Zones: * Support Levels: * Primary: $603.60 (current breakout level). * Secondary: $600.89 (short-term support). * Resistance Levels: * Immediate: $604.32 (daily high). * Strong Resistance: $606.00 (psychological barrier). 3. Liquidity Zones and Order Blocks: * Buyers are concentrated around $600.89, indicating strong demand. * Sellers dominate near $604.32, hinting at potential profit-taking zones. Game Plan and Playbook Scalping Strategy * Entry: * Long: Above $604.32 with confirmation of strong volume. * Short: Below $603.60 if bearish pressure increases. * Targets: * Long Target: $606.00. * Short Target: $602.00. * Stop Loss: * Long: $603.20 (below breakout level). * Short: $604.00 (above breakdown level). Swing Trading Strategy * Bullish Setup: * Entry: Retest of $600.89 with bullish candlestick confirmation. * Target 1: $606.00. * Target 2: $610.00 (extension target). * Stop Loss: $599.00. * Bearish Setup: * Entry: Breakdown below $600.89 with increasing volume. * Target 1: $597.29 (key support zone). * Target 2: $595.00. * Stop Loss: $601.50. Projection: Where SPY Could Head Next SPY is expected to test the $606.00 level if it sustains above $604.32. Failure to hold $603.60 could lead to a pullback toward $600.89 or lower. Volume will play a critical role in determining the direction. Key Indicators to Watch * MACD: Remains bullish, supporting upward momentum. * RSI: Near overbought territory, suggesting caution at higher levels. * Volume: Monitor for confirmation of breakout or breakdown. My Thoughts and Suggestions SPY’s bullish momentum is promising for intraday and swing trades. Scalpers should remain cautious near resistance levels, while swing traders can look for pullbacks to key support zones for entries. Patience and discipline will be crucial to avoid false breakouts. Conclusion SPY presents strong opportunities for traders with clear levels to monitor. Sticking to the game plan and managing risk effectively can lead to profitable trades. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk appropriately.
AMEX:SPY
by BullBearInsights
QQQ Analysis: Scalping and Swing Trade Strategies for Dec. 3QQQ has displayed strong bullish momentum, breaking out of its recent consolidation. This analysis provides a detailed trading plan, highlighting critical support and resistance levels, price action insights, and actionable strategies for both scalping and swing trading. Technical Analysis and Price Action 1. Trend Overview:
QQQ has broken out of its descending channel, signaling bullish strength. The MACD confirms upward momentum, with volume increasing on the breakout. 2. Key Support & Resistance Zones: * Support Levels: * Primary: $511.35 (previous resistance, now turned support). * Secondary: $510.11 (gap-fill level). * Resistance Levels: * Immediate: $516.26 (current high). * Strong Resistance: $520.00 (psychological level and previous supply zone). 3. Liquidity Zones and Order Blocks: * Buyers are concentrated at $511.35, suggesting strong demand. * Sellers are active around $516.26, indicating a supply zone. Game Plan and Playbook Scalping Strategy * Entry: * Long: Above $516.26 with confirmation of strong volume. * Short: Below $511.35 if breakdown occurs. * Targets: * Long Target: $518.00 (minor resistance) and $520.00 (major resistance). * Short Target: $510.11. * Stop Loss: * Long: $515.00 (below breakout level). * Short: $512.50 (above breakdown level). Swing Trading Strategy * Bullish Setup: * Entry: Retest of $511.35 with bullish candlestick confirmation. * Target 1: $520.00. * Target 2: $525.00 (extension level). * Stop Loss: $509.00 (below support). * Bearish Setup: * Entry: Breakdown below $510.11 with increased selling volume. * Target 1: $502.00 (previous consolidation support). * Target 2: $495.00. * Stop Loss: $512.50. Projection: Where QQQ Could Head Next QQQ appears poised to test the $520.00 level if it sustains above $516.26. Failure to hold above $511.35 could trigger a pullback to $510.11 or lower. Volume will be critical in confirming the direction. Key Indicators to Watch * MACD: Bullish crossover supports further upside. * RSI: Near overbought, signaling potential caution at higher levels. * Volume: Watch for spikes to validate breakout or breakdown scenarios. My Thoughts and Suggestions QQQ is showing strong bullish momentum, but traders should exercise caution near resistance levels. Scalpers can capitalize on intraday volatility, while swing traders should wait for a retest of support or confirmation of a breakout. Patience is key to avoiding false breakouts. Conclusion The Nasdaq-100 ETF offers compelling opportunities for traders, with clear setups for both bulls and bears. By adhering to a structured plan, traders can maximize their edge while minimizing risk. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk carefully.
NASDAQ:QQQ
by BullBearInsights
Opening (IRA): SPY Dec 20th 505 Covered Call... for a 501.71 debit. Comments: Re-upping at a higher strike than the one I just took off, looking to capture an additional little increment of upmove that I missed out on. If you wanted to be really anal about it, you could capture all of the up move over time (or capture the same increment more than once). For example, say I just took off the November 15th 500 covered call at or near max (e.g., 499.80). I can then shop for a monied covered call to capture the next increment of movement from 499.80 up, so I'd want to get into a setup for 499.80 or less. This would be the Jan 31st 506 covered call, currently trading for 499.72 and would ostensibly capture the move from 499.72 to 506 (assuming, naturally, a finish above 506). In the next iteration, I would look to capture the move from 506 up, and so on, all the way until my short call was at-the-money or out-of-the-money, depending on what I was trying to do with the setup.
AMEX:SPYLong
by NaughtyPines
Short Semiconductors on Falling DemandThe semiconductor ETF NASDAQ:SMH is currently trading at an all time high because of the belief that there will be increased demand for semiconductors arising from the applications of generative AI. However, on a fundamental level, semiconductor revenue has been dropping for the past five consecutive quarters ( Omdia ). In fact, in the first quarter of 2023 alone, semiconductor revenue dropped 9% from the previous quarter ( Omdia ). As I see it right now, here are some positive points for semiconductor companies: Generative AI has increased demand for semiconductors Cryptocurrency prices are high, increasing demand for semiconductors and some negative points for semiconductor companies: Overextended from Moving Average 300 Generally declining demand Decreased consumer demand for gaming PCs as Economy heads into recession (since gaming PCs are a luxury good) US Semiconductor Equipment is being used in China, increasing supply and therefore decreasing price for semiconductors. Burry entered a large put position on SOXL, and NVDA put premium is currently extremely high Overall, I am bearish on semiconductors because I think the AI argument is priced in excessively considering the previously dropping demand, and have purchased puts to profit off a potential fall in the value of semiconductor companies.
NASDAQ:SMHShort
by spiritualhealer117
Heavy Bearish Divs On QQQ, But...QQQ is sending clear warning signs in the form of strongly pronounced bearish divergences in the RSI, price-volume trend and other indicators. Of course, this does not necessarily mean that the market will now fall significantly. But if you look at other assets, you will see that the more pronounced the divergences, the greater the price movements. What should we look out for now? First of all, seasonality, which is very bullish here at the end of the year and usually in January too. We are looking at the daily chart here, so it may take some time for the divergences to ignite. Subsequently, a downward trend should establish itself in the subordinate time frames. The H1-H2 chart should be kept in view here. A pullback should then be awaited in order to find a favorable entry point. What we can say for sure: The bull train is currently still in full swing. We know that many traders are observing the divergences, but one should not try to short the high due to the seasonality. When the bears return, there will be time enough for considered entries.
NASDAQ:QQQ
by Ochlokrat
Top 5 Weekly Trade Ideas #5 - SPY Trendline TestYet another new ATH for SPY today. Still flat on the session. It's been some pretty brutal chop for the last few hours. It remains to be seen if SPY will be able to break above this trendline or not. If it can, I'll be looking for dips and retests for longs. Otherwise, downside target is $600 and then $596 if it keeps going. Hard to pick an upside target with blue skies like this so will be looking to take profits when I get them. Getting a long near $600 seems ideal.
AMEX:SPYLong
by AdvancedPlays
SPY on the Verge: Scalping and Swing Strategies for Dec 2SPY has been showing a strong recovery trend, climbing steadily within a well-defined ascending channel on the hourly chart. This analysis aims to provide actionable insights for scalpers and swing traders, focusing on critical levels, potential liquidity zones, and price action patterns to watch for the week ahead. Technical Analysis Overview: * Trend: The SPY is currently trading within an ascending channel, indicating bullish momentum with potential pullbacks. * Support Levels: * Immediate support at $601.33, aligned with the EMA and a key pivot zone. * Stronger support at $597.29, marking the lower boundary of the channel. * Resistance Levels: * Immediate resistance at $603.35, a key liquidity zone. * Next major resistance at $606, near the top of the channel. * Liquidity Zones: * Watch for liquidity absorption between $602.70–$603.35 as this is a high-traffic area for short-term traders. * A break above $603.35 could trigger momentum buying toward $606. * Indicators: * MACD is showing bullish crossover momentum. * Volume is steady but needs an uptick for confirmation on breakouts. Game Plan for Scalpers: 1. Entry: * Look for long entries near $601.33, targeting $603.35 with tight stop-loss at $600.50. * A breakout above $603.35 provides a scalp opportunity up to $606. 2. Exit: * Close partial positions at resistance zones for safety and trail stop-loss. Game Plan for Swing Traders: 1. Bullish Scenario: * Enter on pullbacks to $597–$598 if the level holds with strong buying pressure. * Target $606, with a stop-loss below $596. 2. Bearish Scenario: * If SPY breaks below $597, consider shorting toward $593 as the next support level. * Stop-loss for short trades above $599.50. My Thoughts:
The SPY’s momentum suggests a bullish bias, but the upper channel boundary near $606 could act as resistance in the short term. For scalpers, it’s all about quick reactions around the pivot zones, while swing traders need to watch for pullbacks to confirm support levels. Overall, patience and volume confirmation are key to avoiding false breakouts. Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and trade responsibly.
AMEX:SPY
by BullBearInsights
SPY/QQQ Plan Your Trade For 12-2: Tmp Bottom PatternToday's pattern suggests the SPY will attempt to move a bit higher after finding support in early trading. The one BIG event over the past 5+ trading days is the SPY rallying above the Ultimate High level - breaking into a confirmed Bullish price trend. This is part of what I'm trying to teach you: the patterns, techniques, thinking, and logic behind my decisions are based on mechanical price structures/processes. Once you understand the structures and price patterns, it is simple to try to understand. Fibonacci Price Theory teaches you to follow price as the ultimate indicator - measuring and marking ultimate, unique, and standout highs/lows as trigger points. AnchorBar theory teaches us to watch for breakaway or breakdown bars as precise indications of price trend direction/momentum. The Excess Phase Peak patterns represent a more nuanced price pattern that can assist us in determining the current "phase" of the markets and how we can expect prices to react to that phase. If you understand these three concepts, I believe you, as a trader, can unlock any price action and determine what type of trend we are currently in for any symbol/interval and where your opportunity lies for potential trades. I will continue to delve further into trading and teaching techniques to reinforce these techniques in the future. Stay cautious as the markets are still struggling to find a post-election trend. The Anomaly Event is still likely, but the probability of such an event has fallen to about 30-40% overall. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4