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Direxion Energy Bull 2X Shares | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Direxion Energy Bull 2X Shares - Double Top | Mid Section | Range Structure 1 - Strong Perfomance 1 | Support Area 1 - Wave 1 | 12345 | Impulsive Contraction - Retracement - Double Bottom | Mid Section | Range Structure 2 - Strong Perfomance 2 | Support Area | Neutral Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutral
AMEX:ERX
by TradePolitics
QQQ Technical Analysis! SELL! My dear friends, My technical analysis for QQQ is below: The market is trading on 514.16 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 496.08 Recommended Stop Loss - 525.28 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
4
ALL ROADS LEAD TO $PYI am feeling Bullish Monday for SPY. After the heavy selling on Friday. The 4-hour chart shows a DOJI well stablished by a small green candle that start to show momentum. On the smaller time frame, it is rebounding on the support line at that level. Supporting actions in relation to prediction: 1. Downtrace was not able to push lower than 50% in the FVG. 2. The lowest point once the great FVP was established was 585.43 and was not successfully broken at market close. Instead, it closed with the candle sitting above. 3. NVDA just rebounded at the small trendline created. 4. TSLA just rebounded at my last prediction price of 301 up, creating a sustainable support in that area to uptrend. 5. APPL is respecting a minor trendline within the 195 to 219 and starting to create a cross between 50 and 200 MA. This indication seems that the companies will push the SPY level up next week. If the SPY rejects this analysis I would wait until it reaches the 575/578 area for a push up. (If it goes below of 568 may the market gods be with us.)
AMEX:SPYLong
by soymundo21
$SPY November 16, 2024AMEX:SPY November 16, 2024 For a change target came without much of drama. Could not short the previous day. So had no trade. For the week: 5 Minutes: We had multiple LL and managed to close HL HH pattern. Oscillator divergence can be seen. 9,21, 50 averages converged. So, expecting a bounce to 589 - 592 levels being 100 and 200 averages. 200 averages in 5 minutes could be a good level to short. SL 592.75 being 23.6% retracement for the rise 567.86 to 600.17. 15 Minutes: We can see a consolidation going on last 15 bars or so. Downtrend intact as below 50,100 and 20 averages. Again 590 to 593 represents 50 to 200 average range in 15 minutes too. 60 Minutes. Took support at 200 averages. For the fall 600.17 to 583.86 593-594 is a good level to short. it represents 61.8% of retracement for the fall. Daily: Took support of 21 average in daily. Holding 580 is important to continue uptrend taking the last rise into consideration from 567.89 to 600.17. If 580 is broke next support is 575-576 levels. It also represents 23.6% retracement for the rise 539.44 to 600.17. So next week range is Go long with SL 583.5 for 590-592 as target. or go short below 580 for 576+ as target SL 581.5
AMEX:SPY
by RiderTrader
QQQ - GAP Fill QQQ - Gap Fill. Will we be seeing this Newley formed gap that has occurred this week be filled in the next coming weeks? We can see from 6th of May this year that a gap occurred and we waited a 3 months for this to be filled. Giving a great support zone for future price. End of October we did see a gap that happened and it took just 1 month for this to be filled Including great pump through giving us a good support for our Newley supported Gap. This would be a great opportunity for the investment traders / swing traders to get a hold off and keep buying till this gap has been filled. We do have 2 VWAP anchored on this chart High and Low all showing positive turns to fill this gap in the upcoming weeks coming to Christmas market close.
NASDAQ:QQQLong
by PipsandTicks1
$UVXY: the next move, to $50?I've been watching the CBOE:UVXY for months now trying to anticipate the next large move. Throughout September and October I was anticipating a larger move to play out, but we ended up just trading in a range. Luckily got a few profitable moves in the chop and got out at the high right before the election. Then I thought there would be a larger drop. I entered in the low FWB:20S earlier this week and sold my spot position today on the move higher. Now what I'm anticipating from here is a decline in vol early in the week and a rally in the market. On Tuesday or Wednesday, I'd be looking to go long volatility again as I think the NVDA reaction after market close Wednesday is going to cause some volatility in the markets. Lots of reasons are lining up to believe the outcome of NVDA earnings will be bearish. I have a pivot on the chart on Wednesday. The NVDA chart has stalled at resistance and gapped lower. Etc. I think this will be the last large move in vol until early 2025 (Feb-March).So in other words, after this selloff the market rallies into Q1 2025. In 2025, we will make volatility great again. I think we're going to see a resurgence of vol and we're going to see covid style numbers get printed in vol with 200-400% moves. However, let's wait until this move plays out first before we focus on 2025. I'm looking to enter calls early next week for 12/20 $30C.
CBOE:UVXYLong
by benjihyam
7
SOXL WEEK 11/11/24SOXL WEEK 11/11/24 Trying to keep this as simple as possible. Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the YELLOW ranges. Price may exceed YELLOW range targets, but it’s at least a strong help to make profit 🎯🫡. *LEVELS ARE NOT RANDOM OR BASED OFF EMOTION OR PERSONAL BIAS. BACKTESTED WITH THOROUGH RESEARCH WITH OVER 90% ACCURACY....HENCE WHY MOVE WILL MOST LIKELY BE GREATER THAN ESTIMATED.*
AMEX:SOXL
by J3Trad3s
1
SOXS WEEK 11/11/24SOXS WEEK 11/11/24 Trying to keep this as simple as possible. Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the YELLOW ranges. Price may exceed YELLOW range targets, but it’s at least a strong help to make profit 🎯🫡. *LEVELS ARE NOT RANDOM OR BASED OFF EMOTION OR PERSONAL BIAS. BACKTESTED WITH THOROUGH RESEARCH WITH OVER 90% ACCURACY....HENCE WHY MOVE WILL MOST LIKELY BE GREATER THAN ESTIMATED.*
AMEX:SOXS
by J3Trad3s
Double Top on Tech?Technology stocks had a strong first half but could be ending the year on a weak note. Is the sector finally losing its leadership? Today’s chart of the SPDR Select Sector Technology Fund highlights the July 10 closing high of $237.68. XLK stalled around that same level a week ago, resulting in a potential double top on the fund. Second, prices have slipped below October's closing high of $233.73. That stands in contrast with other big sectors like Communications, Financials and Consumer Discretionaries. Third, relative strength in the lower study shows fading leadership in technology versus the broader market. We end with a look at Nvidia NASDAQ:NVDA , which has been a major driver of the sector this year. Notice the sharply rising lower trendline and the higher trendline with less of an upward slope. That kind of rising wedge is a potential reversal pattern. It could also raise the stakes headed into NVDA’s big earnings report after the closing bell next Wednesday, November 20. Standardized Performances for the ETF mentioned above: SPDR Select Sector Technology ETF (XLK) 1-year: +35.50% 5-years: +165.61% 10-year: +448.20% (As of October 31, 2024) Exchange Traded Funds ("ETFs") are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
AMEX:XLK
by TradeStation
3
SPY going up after the electionEven though the DAILY indicators have not changed, the 30 minute, the 1 hour and even the 2 hour indicators are shifting to indicate an upward movement. The rest of the hourly and daily indicators will soon follow. (I will post these 30 minute and the 1 hour indicators soon) I am using the Heikin Ashi candlestick as I find you see more of a definite trend on the candlesticks itself. Typically, you would wait to enter the trade until you see 2 green candlesticks. But I am a little bit of a rebel and I already entered today, which will probably come back to bite me in the ass soon! LOL! ;-) I use the MacD, DMI and the Stochastic RSI as my indicators. The SPY will move about 34 points which was the average upward move of the previous months and that hits the fib line of 1.618. I use the fib tool to get a general approximation of the target. So I estimate the target of the SPY at around 602. It will reach that target around November 21st or approximately a 14 day upward move, which has been the average upward move in the previous months. Around November 12th, the market will pause a little before heading back up to reach the target I have laid out as 602. Happy trading everyone!
AMEX:SPYLong
by Princessgirl
DIA will go up after the election .... regardless of who wins.Like the title suggests, the DIA will go up after the election, regardless of who wins. I do NOT trade based on events, I trade on what I see in the charts. I just started to use the Heikin Ashi candlesticks on my charts as I find they can show a definite trend direction just with the candlesticks themselves. Typically, you are supposed to wait until there are 2 green Heikin Ashi candlesticks before entering the market. (I am still learning about the Heikin Ashi Candlesticks.) If you look at the indicators on the daily chart, 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. As long as all of those indicators align to confirm a trend, then I am in. 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) Typically, the moves in the DIA in the previous months have been about 25 pts to 30 pts which will give a target of about 442. Coincidentally, this is a fibonacci number of 1.618. I use the fibonacci numbers as a loose target or an approximation of a target.The DIA should hit this target around November 25th, just before US Thanksgiving. The move in the previous months lasted approximately 14 days. It may move up slightly after Thanksgiving as the move has typically extended to 30 points. 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