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SPY/QQQ Plan Your Trade For 11-5 : Election DayThis video highlights what I believe is likely to happen today and into tonight (when the real news will hit). Additionally, I continue to warn that a price anomaly is very likely starting sometime after November 10. Ultimately, the markets will struggle throughout the rest of the week, likely becoming a bit more volatile after the election. I do believe the markets will move into the price anomaly event near November 10th and that event will likely transition into a big opportunity for traders sometime after November 15-18. My ADL predictive modeling system is showing this anomaly event is highly likely in certain sectors. Overall, I suggest traders continue to trade small allocation levels today as we get past "election day". The bigger opportunities come over the next 3 to 6+ months. Today is not the day to be a hero. Today is the day to sit back, maybe target a few decent trades, and wait for the dust to settle. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
$SPY November 5, 2024AMEX:SPY November 5, 2024 15 Minutes. For the extension from 539 to 575 to 565 AMEX:SPY made 61.8% of the move at 586 levels. For the fall 583.32 to 568.44 it retraced 50% to 575.5 levels. Now we have a sideways in box range between 575 to 567. Bias id down as AMEX:SPY below all moving averages. The positive side we have is for the lows 568.44 and 567.86 in 15 minutes we have oscillator divergence. Therefore, if I take the rise 539.95 to 586.12, I expect first target to be 563 being 50% of retracement for the move. Bias is towards short side.
AMEX:SPYShort
by RiderTrader
17
Technical Analysis for SPY (1-Hour Chart) for Nov. 6, 2024Price Action Overview SPY has been in a descending channel, reflecting a recent downtrend. The chart shows lower highs and lower lows, indicating bearish sentiment, with price bouncing between the parallel channel lines. SPY is currently trading near the $568-$569 level, a minor support area where it might find temporary stability. Volume has been gradually decreasing, suggesting that sellers could be weakening, which might pave the way for a potential rebound or consolidation phase tomorrow. Key Levels to Watch Resistance Levels: $575.55: Immediate resistance, near the upper trend line of the descending channel. A break above could indicate a bullish reversal. $583.29: Higher resistance, where stronger selling pressure could emerge. Support Levels: $568.35: Current support. If SPY holds here, it may present a buying opportunity for scalpers looking to trade a bounce. $563.66: Major support at the channel's lower boundary. A break below this could trigger further selling pressure. Entry & Exit Points Long Entry: If SPY holds above $568 and shows signs of bullish momentum, consider an entry near $569-$570. Look for quick exits around the resistance of $575 for a scalp. Short Entry: If SPY fails to break above $575 and reverses, a short position around $573 with a target at $568 could be profitable. A break below $568 may signal further downside, targeting $563. Directional Bias Given the downtrend, the initial bias remains bearish, especially if SPY continues to respect the descending channel. However, if buyers gain control at $568, SPY could see a brief intraday rally towards $575. Traders should watch for price behavior at key levels to determine the direction. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trade responsibly and manage your risk effectively.
AMEX:SPY
by BullBearInsights
SLV eyes on $29.48: first/best of 3 possible supports for longsThis is in conjunction with my big picture Silver chart (click). SLV has had a significant pullback that may be done. Ended last week dancing on a pretty serious support. Ideally this is bottom, or should at least bounce a bit. $ 29.37 - 29.48 is the immediate and best support $ 28.83 - 28.89 is the next and moderate support. $ 28.37 - 28.40 should be strong and is CRITICAL. ================================================= .
AMEX:SLV
by EuroMotif
$SPY #IslandBoy #ComingSoon like $PLTR $TSLA $VFCCrystal ball telling me AMEX:SPY is gonna leave put buyer's stuck on an island in the coming weeks/months. Higher Lows + Higher Highs = Uptrend intact I always mention "Shakeout B4 Breakouts" AMEX:SPY wedge + Election = WallofWorry/Fear (Buy when...?) Tomorrow could be filled with more "fear" perhaps a vol spike, but I expect/hope for AMEX:SPY to hold this gap down range then Gap up Thorsday and put up a strong gap + hammer candle... - Prophecies PS; If looking for recent #Island examples check tickers in title. All recently putting up "Island Reversals" after earnings... Election = Spy "Earnings"
AMEX:SPYLong
by Prophecies_R_Us
11
NVDA (NVDL) BIG MOVE BREWING, BUY THE DIP! 100%+ MOVE INBOUNDNASDAQ:NVDA NASDAQ:NVDL BIG MOVE BREWING, BUY THE DIP! 100%+ MOVE INBOUND In this video, we discuss the following: 1.) My #HIGHFIVESETUP trading strategy which incorporates charting patterns, volume profiles, MACD, RSI, and TREND. Notable recent winners with my strategies include NASDAQ:TSLA NASDAQ:SOFI NASDAQ:MBLY NASDAQ:AMZN NYSE:HIMS 2.) Go in-depth on how to tell when an investment or trade will go against you and what you should be looking for. We go over my favorite indicator for this, which is the Williams R%. We primarily discuss the 2X levered ETF NASDAQ:NVDL which has the same setup as it's parent NASDAQ:NVDA . So feel free to use this setup for either one depending on your risk tolerance. Thanks for all the support! Over 500 TV followers in such a short period of time, you all are amazing! LIKE l FOLLOW l SHARE for more great content and analysis! NFA
NASDAQ:NVDLLong
by RonnieV29