HYG broke its' 200 mda - RUT is following HYG downHYG broke its' 200 mda - RUT is following HYG down. RUT will likely follow it through the 200mda unless the Plunge Protection Team at the Federal Reserve comes to save it. Shortby grumpa061
$SPY Head & Shoulders formationhypothetical expectation on SPY - head and shoulders before the big drop?Shortby adamivori1
1 Day Tue 4/16/2024Downward channel since last 2 weeks, last 2 candles are Bearish - Current candle is Bearish and making lower lows. Can bounce off lower channel, however over all trend is lower low.Shortby rams1081
SLV remain long term bearishThe shooting star candle on the weekly last week points to weakness at least in the short term. The question is: is this just a short-term pullback (blue arrow) or it's the top for a long-term correction (yellow arrow)? Looking at the RSI on the monthly and weekly, it has never taken the top of the peak and the rally from the bottom has been in 3 waves. I highly suspect that this is just a wxy corrective bounce and is the beginning of a long-term pullback. But we should also watch TVC:DXY by then to see if it continues to go upShortby TraderBwater0
SPY - Bullish ScenarioDon't count the Fed out just yet. They are good at blowing bubbles, especially with a major election near at hand. While many Fed members have backed down on immediate rate cuts, some say that the Fed has no choice but to lower rates to prevent a major liquidity crisis. With this in mind, our current move stemming from October 2023 might be an extended wave 1 with wave 2 in process, moving down to the bottom of the channel around 495. A wave 3 measured move of 1.618 could push prices to near 700. This would be near a 2.618 measured move of a larger Wave 3 that also began in October 2023. While many are looking for a major Wave C correction that will take prices below the October 2022 low, not likely in an election year. Longby AssetDesign0
STXRESSTXRES - unwinding from the 50-61.8% FIB. My comment from Wednesday is also inserted on the chart. by techpers0
🗓️Weekly Report: Probabilities are stacking to the lowGENERAL MARKET REVIEW The stock market kicked off the day on a high note, with stocks initially experiencing gaps upwards and a brief period of appreciation. Nonetheless, these early gains were short-lived, as the market faced significant downturns for the remainder of the session. In today's trading, both the S&P-500 and Nasdaq indices have fallen through their 50-day moving average markers amid substantial trading volumes, signaling a bearish outlook. This further reinforces the notion that holding cash remains the superior strategy. We'll begin our chart analysis with a look at the Nasdaq-100 ( NASDAQ:QQQ ) and S&P-500 ( SP:SPX ) SPX-500 –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– META Sliced today and looks like it is heading to the 50D SMA. Could see a bounce but it is very much market dependent –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– NVDA Carving out a nice base with earnings coming on 22APR (Wednesday). The next buy point is above the $974 level on high volume, however I will look to play a pivot breakout before hand near the danger point, so that I would look to hold into earnings (IF I GET CUSHION) –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– SMTC Down just fractionally today. It is setting a Bull Flag Pattern. If it breaks the lower side of the channel I d cut it loose. by TintinTrading2
Chart Pattern Analysis Of Invesco QQQ Trust, Series 1. K1 is a bearish hangman pattern, K2 verified it. So, a potential double top or bearish flag pattern is on the way. K3 is breaking the neck line of the potential double top pattern. If it finally close below the neck line under sharply increased volume. A motive wave may take the price to the uptrend line or 0.5-0.618fib area. It seems similar to BTC.Shortby nothingchangehere0
$SPY April 16, 2024AMEX:SPY April 16, 2024 15 Minutes. As expected 505 levels in SPY. Opened gapped up. So after the first 15 minutes a sell below was triggered for 515 was a level to short as planned. As expected 50 day average was touched in daily. Now for the rise from 493 AMEX:SPY has retraced 61.8% levels. Crucial to hold for any uptrend to continue. If this level is not held we have to consider the rise from 409 to 524 levels. For that 23.6% retracement is 493 levels. It is also 100 averages in daily. At the moment bias is only on the downside. AMEX:SPY below all kinds of moving averages in multiple time frames. For the day considering the fall 512.62 to 503.58 508-509 will be a good level to short SL 511 for 497-500 as target.Shortby RiderTrader5
Wave Analysis Of SQQQ (Ultra short QQQ) Along the downtrend line, A last motive wave(05) possibly had run to the end. It seems that a three soldiers stalled pattern had stopped the last motive wave. But it must be verified by the following candles. If K4 close upon the downtrend line or K2 to establish a bullish morning star pattern. It is possible that the bear market will be reversed here. Longby nothingchangehere0
New scenarioThat nasty red candle from yesterday changed things. Price bounced off the short term trendline support today. We will see the market going crazy with no clear direction on the upcoming days. Buy I still think the SP500 will make another ATH. In the 4h timeframe looks liken a HS but I don't think is going to play out. We are in another consolidation phase. I'm still accumulating punished stocks like SOFI, ROKU, AFRM, UPST, RBLX. Inflation is not going anywhere, the Dollar peaked out months ago, the market wants assets, the asset holder will triumph on an inflationary environment. Longby ArturoLUpdated 2
$MSOS primed to break out from the nice snake formed trend, 🐍Ready to bounce from the lower trendlind. I'm expecting a strike above $10 $Descheduling should happen rather sooner than later 🕶️🐍Longby TheUnknownTraderX221
📊 ARK Innovation ETF Going Down➖ On the 26-Dec session we have an inverted hammer candlestick pattern to signal the top of a trend. This inverted hammer is followed by four weeks red; Inverted hammer as reversal signal confirmed. ARKK produced an upper wick this week, now trades red. ➖ The action moved below EMA100, mid-term bearish potential confirmed. Multiple bearish signals confirmed. We can expect lower for this ETF, easily. Namaste.Shortby AlanSantanaUpdated 228
Deep correction incomming SPY to 470-475Anyone who has gone to the gas station has seen the price trickling up every week, from looking like it was approaching $3 to now headed towards $5 in just the last few months. With tensions and uncertainty in the middle east and rising inflation combined with the fed deciding there will be no rate cuts anytime soon the market is ready to correct. I have been tracking the technicals for a while and today the Mclellan, which tracks the market breadth has dropped to its lowest point in the past year, lower than when the August correction of last year occurred. In addition the MACD is just now starting to approach 0. I feel it will go negative for quite a while based on its momentum. In addition the RSI still has room to fall compared to previous corrections. The red bars were also relatively large which indicates to me that there is a lot of fear and desire to unload, emotionally it wouldn't make sense to sell SPY for 505 when it was 515 that same day, you would think that if people were remotely bullish they would wait for a better price before selling, but having 2 days in the past few weeks where market participants were climbing over themselves to sell it indicates that the bullishness has ended. All of this makes me pretty confident we will see price return to the 470 region in order to re-test the previous all time high as a point of support.Shortby MikeSpy4
I'm long Volatility over the longer term, but short-term bearishI'm long Volatility over the longer term, but short-term bearish - I expect Tuesday through Thursday for the VIX and UVXY to be bearish! I got some UVXY weekly puts at $37-$38 strike before the close...Shortby candlestickninja1
SPY Right On TrackAs stated in this weekends video update, I expected us to retest the top of the red channel first, with potential to drop back inside the channel and test the bottom. The middle yellow channel is also a less likely possibility. I don't think we'll get down to the green again until AFTER we hit are WAVE 5 target and also, Inverse Head and Shoulders pattern target of 570. This should be hit sometime on or just before September of 2024. ...Then the crash.Shortby stewdamus110
Forecasting Market Behavior: Insights from VIX AnalysisThe past few days in the stock markets have been turbulent and characterized by a significant increase in volatility. The VIX reflects this volatility. This analysis is based on an ETF that tracks the VIX's price movement. The last H4 candle is particularly interesting: despite the increase in volatility, there was a distinctly negative CumDelta. This is typically a bearish signal, indicating a potential decrease in volatility (and thus potentially rising stock indices). To illustrate, I've marked two other points in the chart. It becomes apparent that each of these bearish CumDelta divergences was followed by a significant decline in volatility. Therefore, the target for the current signal is set at the 50% retracement of the last upward movement, coinciding with the high of the candle on April 11, 2024, which was followed by the upward gap. This is not a direct suggestion for a short trade on the VIX ETF, but rather serves as a forecast for the near future trajectory of the stock indices.Shortby Ochlokrat111
450s by 4/26Nice shakeout before a swift reversal that will start this week. Bullish here with target zone 450-457 by 4/26. Buying this dip as we near the end of this corrective wave.Longby JerryManders141418
UNG - Accumulation for Mid/Long TermShort summary and overview. Accumulation Phase. Ending of Correction Wave. Max allocation: 20 - 30k USD Time horizon: 6 Months up to 2 Years. Weekly accumulation trades: 1) amount: '3000@USD', type: 'FutureSwapExecution', amounts: , avg: 7.0019946101 2) amount: '2000@USD', type: 'FutureSwapExecution', amounts: , avg: 6.7269436101 We will keep updating this strategy. And will calculate a target to sell off our position again. Stay tuned. Feel free to comment or ask any question. *** Disclosure *** The following information is provided for educational and informational purposes only and should not be construed as financial advice or as a recommendation to buy, sell, or hold any particular investment or security. The trading strategies discussed here are based on historical market data and do not guarantee future results. There is no guarantee that any investment strategy or approach will be successful, and past performance is not necessarily indicative of future results. The strategies presented here may involve risks that are not suitable for all investors. Each investor must carefully consider their own investment objectives, risk tolerance, and financial situation before making any investment decisions.Longby breath2liveUpdated 227
$SPY Good strangle entry point targeting 530/508 by 15 AprilThis is one of the best setup to enter strangle or straddle options combo . small bullish candle with higher volume - RSI little broke the uptrend - at the trend point - Perfect setup - this move should lead to either 524 then 530 or 508 as falling target. Currently closed at 518.84 so at least we have 10-12 points to move- Friday 5th April - CALL SPY 519 AT 2.8 - PUT SPY 516 AT 1.3 so total for this combo at 4.1 while we expect move at 10$ so around 600$ as profit taken which is equal to 150% gain. If we take straddle 518 then it will cost CALL SPY 518 AT 3.4 - PUT SPY 518 AT 1.95 - So total about 5.35 and expected move at 10$ then around 465$ profit which is around 80% gain. Note the idea based on 15th April targeting close so its better to take next week expiry at 12 April. Good luck . please let me know if you tried this idea. thanks for reading! by WinnerTrader99Updated 3
SPY - My TargetsSummary latest inflation numbers for March 2024 and things are heating up a bit, obviously. We’ve got a 0.4% increase from last month and a yearly jump of 3.5%. Even the core stuff, which leaves out food and energy, bumped up by the same amount. So yeah, prices are definitely on the rise. Now, when prices go up like this, it usually means the Fed might hike up interest rates to keep things cool. This isn't great for stocks because higher rates make loans more expensive and can cut down on spending and profits. That hits high-growth companies pretty hard and can make investors nervous, especially in sectors where people are already tightening their belts. Looking at the SPY charts, it’s showing a downward trend and there’s this Low Volume Node area that’s not seeing much action. Putting all this together, I’m thinking we might see the SPY dip down to around 505 soon. For anyone invested in the market, it might be a good time to think about shuffling things around in your portfolio. Maybe lean a bit more into areas like commodities or energy which usually hold up better when prices are going up. We’re seeing some signs that point to a rougher ride for stocks, especially with the inflation situation and the Fed holding or even possibly cranking up rates. keep an eye on that 505 low volume node, level for some clues on what might come next. Longby Smart_Money_CpyderUpdated 1
SOXS LongSemiconductor Bear 3X ETF, Trendline break Long 3.30 Stop 2.7 Target 5.5, 7.0 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account. BuyToOpen Aug Call C4 x5 contracts Limit 0.57 x5= 2.85 Longby PlanTradePlanMMUpdated 2
XEQT LongXEQT long, riding the trend of the rally. Feels overbought but cant fight the trend at present. by tradersteve22Updated 3