SPY BUY $492 ADD 488!SPY is getting oversold on the 4hour and 1 day charts, we are almost at the bottom of cloud support and Fibonacci support bounce targets are $511 and $517 before resuming downtrend.Longby ShortSeller763
$USO Small pullback into wedge, then breakout possible. $88 🎯Continued from previous post. Breakout possible. Wait for pullback into the wedge. Stop on Calls would be below the Box. 4/19 $70 call could pay well if the breakout occurs. Longby TazmanianTraderUpdated 1
$USO August 23' Rally similar to today's PACompare said time frames and you will see the similarities in RSI and MACD although if it fails, new lows could be on the way. If a B/O occurs , look for $100 sooner than later. Will revisit later. I will attach the next post to this one for continued reference.by TazmanianTraderUpdated 2
Think inside the boxLooking at weekly, IWM spent its history up thru 2020 in big, red box. Then it spent exactly one year in the upper box. Two years in the green box. And 2024 went back in the upper box. It's now at the bottom of the upper box. The implication being that, although it has strayed outside the boxes for a few weeks at a time, it seems to have returned, and mostly stayed inside each box for an entire year.by Hellork332
$SPY rising wedge breakdown and gap fill Love it when a plan comes together. Watching 492 this week as it is the 21ema on the weekly chart. Need to see where the weekly candle closes on Friday. A close below hints at more downward momentum. A close above would take confidence away from the bears as we head into May and await fed data. Shortby Delli220
S&P 500 ($SPY) Outlook Levels - 4/22-4/26Keep an eye on 493.50 tis week as that was an important support. If it gives then I would image some love for buyers will be found around that demand volume shelf in the high 480s. If no love is found there then the 470s demand zone will likely be the target for now.by ItsJust_Kess0
Tech vs Energy Stick a fork in it, it's done! Technology CONFIRMED breakdown versus Energy. Bear Market Rally Seems to be Overby Badcharts4
Q's bullish momentum brokenQ's bullish momentum broken, it was driven by the chip makers and there is still good strength, but there is more competition, there was a Barron"s article this weekend on how the sector is moving, not super bullish but not bearish sentiment.Shortby sfl_trades0
QQQ: Long Trade Explained QQQ - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long QQQ Entry Point - 414.64 Stop Loss - 408.19 Take Profit - 427.80 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals112
SpyI want to start off With DJI, NYA, IWM, XLF, And XLV. Those indexes and sectors are more cylicals and they led the slide this week. DJI (Dow jones) 37,800 is previous resistance of the bullflag.. 37,800 will now be support. I think we dead cat here before eventually sliding to 37,000. 37,000 is crucial for bulls to hold, its the previous ATH set from 2021.. if we fall back below 37,000 that would mean that the breakout was a fake out and bulls are in trouble. Already you Can see XLF and XLV have both pulled back inside previous ATH which is bearish XLF XLV And more important than the Dow is NYA or NYSE. Fell out of rising wedge last week and is also heading for the retest of previous ATH The Fact that the sectors have rejected New ATH doesnt bode well for DJI amd NYA. I think we will test those previous ATH late this week so that will spell a 2% drop from last weeks close. But first! Look at your daily chart for NYA,XLF,XLV and DJI , now Place your bollingerbands on your chart; You see how extended it is? For this reason i think we will see a nuce dead cat bounce starting mid monday going into tuesday. The bounce should be finish by Wednesday! QQQ Daily chart. Tested 50sma 6 straight times last week! This week im expecting a break of its 50. I think we will trade between 436-442 unti TSM and NFLX earnings mid week. Unlike Dow and NYA tech does have the oversold technicals that would make it a good dip buy. I like aapl to close gap at 179 this week and i think Amzn will retest 189 again but overall looks like it will be another mix week for tech . My mid and long term target for QQQ are 425 and 407 which is previous ATH from 2021. Im not shooting from the hip with my 407 target . The pattern is an ascending broadening wedge. The measured move goes like so If you googl "Ascending broadening wedge" you'll see what i mean. So yeah, 425 then finally 407, but first we have to break 433. Spy Qqq 425 and spy 497 are connected! If the trend of retesting ATH breakout is true then that means Spy will most likely close gap at 482 when qqq goes for 407.. i dont think 482 would come in April but the move would make sense for a sell in may and go away. As you know by now the last 6months of trading has been a major cup and handle move across indexes and sectors. Do you know what happens when the cup and handle is completed? I've traded Cup and handles before and let me tell you there is always a pullback or correction once pattern is completed; I think that is what is happening here. Vix So i usually like to use my indicators together to paint me a picture.. I dont like it when im bearish and the Vix looks like its about to dump . Looking at the Vix daily bollingerband, CCI and trendline tells me that the VIX will be pulling unless middle east war makes it go parabolic.. So i mentioned that its outside its Bbands, its also at 2yr trendline resistance and the daily CCI is too overextended. Heres the vix with my CCI. I circled the last 2 times the CCI and vix got this high for reference and you can see that within a week or so a bearish reversal took place. Going into to next week i expect spy to make a move back to 516 gap resistance before heading down to back to 50sma which would most likely move up to 510 by mid week. Any break of 510 and 505 is next up. If spy pushes above 516 then 520 is next As always, lets see what happens.. I'll do the tech sectors mid week... Hope you appreciate all this damn typing, my fingers hurts 😆 by ContraryTraderUpdated 222291
SOXX $178, Plunge By the technical analysis, SOXX plunge into $178. AI semiconductor may be risky. NVDA may plunge to $565 till june.Shortby coincome11390
$SPY April 21, 2024AMEX:SPY April 21, 2024 15 Minutes. As expected the downtrend continues. Two issues. It is coming to the lower parallel channel in the move. And oscillator divergence. I expect a retrace to 498-500 levels. As I believe once 492-490 levels broke I will have a target of 495 which is 32% retracement for the larger move 409 to 524. 409 I have taken because for the trend change for this uptrend happened from the 348 low. And in that move for the rise 348 to 459 AMEX:SPY retraced to 409 levels. From that low it went to 524 levels. Hence I consider the large move from 409 to 524, 480 as a number to watch.by RiderTrader1
SPY Weekly/Monthly UpdateRecap: SPY is currently in a corrective wave using price action on the higher timeframe. Corrective waves are completed after 3 legs (A, B, and C) … Each wave has 5, 3, and 5 legs per wave respectively. A (5 legs), B (3 legs), and C (3 legs). There are other specifics but I will not go into detail. For now we are operating within wave A, soon to be wave B which is a correction within a corrective wave. lol once I will not go into. The key price points throughout the entire correction are 492.69, 480.22, 466.84, and 453.45. The golden zone is between 453.45 and 466.84. Anything below that ....... yikes The previous week on SPY closed near the first key price point (492.69). Price is also sitting at oversold levels in confluence with lots of demand. This week also signaled a break below the previous month’s low, a first since Sep 2023. Trade Idea 1: As long as price doesn’t capitulate to the downside, going into next week I expect price to begin setting up to make a push higher from this demand area with a target to the previous month’s low week. I am also watching for some form of price consolidation between 493.55 and 506.53 until price convincingly breaks either level, preferably 493.55. In addition to looking to trade the retracement move to the upside, I would like for price to push below 493.55 briefly then reclaim the level the breaking above the lower time frame downtrend before playing the move upward. Trade Idea 2: If price does maintain the current downtrend and continue down I will look for a sell entry below 493.55 and 490 to target the next major level below. by Stockstradamus_2
QQQ expect short term bounceLooking at the last Sept correction, all of the three legs has a drawdown of around 8%. First wave took 23 bars. Currently, we've are 20 bars into the first down leg with a drawdown of 8%. QQQ at 413 is the VWAP from the Oct, 2023 low and the top of the Jan base. It was almost touched on Friday. If we get one more down day, it's likely a good buying opportunity in the short termLongby ReactReflect0
XLE could be inverted Cup-Handle - Possible trapTemporary breakout may turn into inverted cup so careful. Wait for clear breakouts, will keep you posted. Possible temporary small break at 95.60 Possible consolidation at 97 Longby jaisrav0
Daily Consolidation Potential Reboundsince the weekly reversal in favor of bears for AMEX:MJ etf and cannabis stocks, the daily bounce has turned back downward, and is approaching recent multi week lows. this set of oscilatiry trend regularity indicators show when there is potential for retracement in the opposite direction should these levels hold.Longby cerealmarket0
GOLD : From SHIMMER to SHIVER- Gold Prices Set to Slide !GOLD has completed it's upward move. Though Analysts say that it will go up further. It's time to be contrarian as Analysts also manipulate the market for their HNI clients. here might be a small move up but more explosive move is going to be downwards. Shortby a-PRO-Trader1
Spy possible move on monday.Like shown on the chart. Spy can continue downtrend in 4 ways. Since rsi is oversold. Just be patient and wait for price action on each level. Whenever spy reaches those level on higher timeframe switch to 5 mins timeframe and wait for price to atleast break nearest demand zone for downtrend continuation.Shortby anupsiwakoti1
SPY: Free Trading Signal SPY - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long SPY Entry - 495.10 Sl - 489.28 Tp - 504.96 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals115
SPY=>Anyone buying the dip? 😆The bloodbath has started 🧛🩸 The bears are in full control and the buy the dippers crowd is getting hurt. Are the last remaining bulls waiting for the next rally to sell? Are you buying the dip? Or are you selling the rally?Shortby JK_Market_Recap0
ITBEESSince a long time in the past, the IT sector has experienced extreme market volatility and pressure. even if one of the most favored industries is IT. Thus, because of this unstable market, "ITBEES" appears to be the greatest investment in the IT sector. I've seen that there has been a 16–17% correction to this volatility. That one, I think, if you investigate here at CMP 35 Rs. It might yield a 17–18% return for us in the upcoming days. Before considering an investment, please consult your advisor (HOLD as POSITIONAL). I'm not a certified advisor. Please don't take anything personally; it's only meant to be informative. Longby KP_777
spy My Nasdaq 3M view #spy #stockmarkets #StockMarket #stockMarket #trade #trader #technicalanalysis AMEX:SPY NYSE:ES #es1 Shortby awakensoul_3693