XLE is a solid buy here and now!This chart looks very solid in my opinion...a buy in my book and shows that we should see a very strong move up over the next few months.Longby ConservativeOne10
PBOF CORNMy PBOF chart is an attempt to identify, and be decisive, after a potential bottom has formed through with a good sequential 9 or 13 and triple exhaustion signal. Oscillator divergence and volume are clues to a potential bottom. Regardless they are are hard to bu into real time. But if it appears a bottom has possibly been established then I want to buy the next pullback. To identify that, I am hoping my PBOF chart will be useful. It would shows some indications of a bottom, followed by oversold conditions on fast CCI and RSI oscillators. The price ought to be near the bottom of the bollinger band as well. Triple exhaustion and sequential aren't of use generally once the bottom is in. So now we reduce our focus to these oscillators and the bollinger bands (which become a useful short term volatility indicator at this juncture). A corn trade inspired me to do design the PBOF chart. Here is our two corn charts (ZS and CORN) that I published as in idea in Tradingview so that they are fixed in time and not updating. If they update then the chart will lose meaning. So it is static. You just have to pull up a later chart and see how it worked out but this conveys the idea.Longby golddigger460
QQQ Is it topping before a crash or setting up a correction?QQQ is on a weekly chart. Only the pundits, soothsayers and headline readership volume seekers know for sure. Will not the upcoming elections prop things up? Buy in March April and May and then go away? Is this spring coming up roses or instead dandelions?by AwesomeAvaniUpdated 664
$SPY March 29, 2024AMEX:SPY March 29, 2024 15Minutes. Again AMEX:SPY did not retrace to expected levels. Considering the rise from 518.4 to 524.61 and 519.84 to 524.61 we find 522.5 to be an important level being approximately 38.2% retracement levels for the rise. Since 200 is sloping upwards 521 should be strong support on any retracement as of now. And in the process AMEX:SPY made ATH. As a trader since the close was near the lows of the day not a good sign for the moment. If we do not have any gaps at open today I expect AMEX:SPY to consolidate between 522 - 524 levels so moving averages can catch up for a move towards 526-528 next week. I had taken the February low of 491 levels as an important number to hold to maintain the uptrend. For the move 490.72 to 518.22 to 509.36 and for the move 508.36 to 522.6 to 518.40 we have 525.5 to 528.5 as 61.8 extensions for the rise. But I am a little worried as in the daily time frame the 50, 100, and 200 averages are around 500,480,460 levels. For me, it is a danger signal.by RiderTrader446
Opening (IRA): IWM June 21st 180 Short Put... for a 1.82 credit. Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. There is no July contract yet, but June is still paying at <16 delta ... .Longby NaughtyPinesUpdated 1
Inflation ratios for spotting fed rate trend part 2Inflation ratios for spotting fed rate trend part 2by JoaoPauloPires0
More downside needed for small capsAMEX:IWM TVC:RUT CAPITALCOM:RTY small caps hit major resistance (the yellow zone) and finished the day with a shooting star candle. More downside is needed. This syncs with other indices NASDAQ:QQQ AMEX:SPYShortby TraderBwater1
Houston, we have a problem. Does anyone else think the S&P 500 is over stretched? Shortby themarketzone116
IWM Russell2000 11% UP ?Russell 2000 index - exit from channel towards long, above average 150, depends on the drop in interest rates in the US, potential increase 11% & more. Only an idea and not a recommendation for trading!Longby dovale19721
Looking for a retrace to 31.50Seeing buying at the top of the wedge with a bearish d leg sell off set up. Looking for 5th elliot wave to be retested as supportShortby moneyflow_trader2
TLT price action after FOMCMajor buying under 92.66 . The day closed higher even after briefly touching a new low. Fed Chair Powell : Long-term goal is to move to a balance sheet that's mostly treasuries Source : www.youtube.comby stantheinvestingmanUpdated 1
Spy ContinuationThere seems to be some resistance overnight. Possibly looking for a pull back after the better than expected news. Get some sell offs in the morning and enter into longs. The key here is that the FVGs are broad ranges so there may be more risk in my trades today. Using a retracement tool and it shows the .5 is near the lower end of our play. Possibly being more patient unless we see things on the lower time frames. Pattern: Cup & Handle News: Met or Exceeded ExpectationLongby bkrueger020222
AMLP - Swing Trading Setup - 9% Potential ProfitEntry: $47.16 Target: $51.00 Stop Loss: $46.00 Risk/Reward: 3.31Longby maschera2
$SPY-28th March-Long IdeaSPY has broken out of its downtrend and has broken through the swing high, will be looking for longs if the market taps the bullish zone.Longby Just-Technicals0
$QQQ Analysis, Key Levels & Targets for GDP NASDAQ:QQQ Analysis, Key Levels & Targets for GDP Tomorrow’s Trading range Is just under ATH’s. We also have GDP in premarket, PCE on Friday as well as Jerome Powell speaking on the last day of the quarter. Should be an interesting last two days of the quarter. Full walkthrough on tonight’s video but this at least gives you the levels to look for. Don’t forget to take profits when you’re up!! by SPYder_QQQueen_Trading3
$SPY Analysis, Key Levels & Targets for GDP AMEX:SPY Analysis, Key Levels & Targets for GDP Alright, y’all… WOW, what a crazy move to end the day today…. It totally blew through the top of the trading range. Tomorrow’s Trading range does have ATH’s in it. We also have GDP in premarket, PCE on Friday as well as Jerome Powell speaking on the last day of the quarter. Should be an interesting last two days of the quarter. Don’t forget to take profits when you’re up!! by SPYder_QQQueen_Trading4
$SPY March 28, 2024AMEX:SPY March 28, 2024 15 Minutes. AMEX:SPY continues to march up. As per daily 540-550 intact. in 15 minutes 200 average has moved up to 519 levels. Considering the last rise from 519.49 to 523.20 I will try to buy at 521 - 521.5 levels which is top of the channel and about 50% retracement for the last rise.Longby RiderTrader3
BOIL is about to make a big move this springThis stock is deeply oversold on the daily, weekly and monthly charts. As you can see, it's about to squeeze out of this long downtrend. We all know BOIL is not a long-term hold because of its futures rolling decay; but this year it could be a huge winner with Natural Gas near it's all-time lows and also deeply oversold. Longby CSGold18
Looking for double bottom, then breakout of long term resistanceAnother drop back to 0.236 support. RSI oversold at this stage on Weekly. Double bottom expected then side ways movement to long term resistance trend line, consolidate around breakout zone then breakout of a long term bear market for Lithium. I would start building lithium positions when it hits the 2nd bottom at 0.236.by Doctor_Zeus2
Opening (IRA): BITO April 19th 26 Short Put... for a 1.23 credit. Comments: Adding to my covered call position (See Post Below) on weakness, converting the covered call into a covered strangle (i.e., short put + stock + short call). I went with April, since May appeared to be shit illiquid at where I'd want to pitch my tent. I'm fine with being assigned additional stock here at the 26 strike, since my cost basis in my shares is currently 27.54, with the cost basis in any shares assigned via the 26 at 24.77, although my preference would be just to take profit on the covered call aspect at 50% max and the short put at 50% max and move on. Naturally, if I also manage to grab the April dividend, that would be additionally bueno. As a standalone trade: Break Even/Buying Power Effect/Cost Basis in Any Assigned Shares: 24.77 Max Profit: 1.23 ($123) ROC at Max: 4.97% ROC at 50% Max: 2.48%Longby NaughtyPinesUpdated 1
SPY Will Go UP! Buy! Hello,Traders! SPY is trading in an Uptrend along the rising Narrowing wedge pattern So we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals113
Cannabis entering a bull market?After previously breaking out of a down trend and through the 200 day ema, the sector took a dive and formed a double bottom. The double bottom, the retesting of the resistance level, the support of the 200day ema, and the recent high volume order blocks near current level makes me think we are setting up for a bullish break out. The fib retracement shows that the next major resistance level would be at $9. Throwing some fun money at it to have some fun with more portfolio as the cannabis sector can be quite volatile. Longby Brotank771
Inverted H&SLooks Like an Inverted HS pattern is forming on the 30min. Looking for it to reach $522 plus. What are your thoughts?Longby empire4653334