TURNING POINT FOR $SPY??Today looks to be a fight to stay above $500 for $SPY. Starting to see some consolidation in these areas. If AMEX:SPY can avoid a pit fall for the rest of the day, Calls will be on the menu. Nice simple and quick play. RSI already at 30.Longby The_SPY_Who_Shagged_MeUpdated 5
Daily bull flagDaily buill flag starting as well as new wave of EWT. We are also on the verge of a golden cross (SMA 50 crossing SMA 200 up)on the daily Longby RocknStockChik110
Ignore this Macro Gold ideawhat are the chances that price breaks out, retests resistance and goes to the moon? Small I'm guessing.Longby b6d1016fdeb149be865b678a8ac935Updated 1
SPY - blood bath is coming?I will be very surprised if we don't see some serious sell-offs throughout the market in the coming days The chart and the volume are... impressive.Shortby AnaBloemkoolUpdated 448
TLT LONG SETUPWatching this red box area as highlighted on chart, if TLT starts to trade above this area again this sets up a beautiful failed breakdown setup for a move into 94, 100 and then 105-114. Need to clear 90 for the pattern to trigger/activate and then we go from there.Longby Jovan888447
GDX LONGWent long here on GDX at 27.40 on this wedge retest. If you look at the weekly chart it appears an inverted head & shoulders is forming. I like this long with a LIS at 26.59, as long as that holds I think we move back towards 30.16 and then 33.Longby Jovan888Updated 3
SPY IDEA ELECTION YEAR 2024AMEX:SPY Trading in this rising wedge since October. The wedge reaches it's apex near 510 level. SPY likely to peak at 510 area for a retrace to 451-456. If that falls then 436 and 420 likely follow. by Jovan888Updated 115
Vix explosion incoming, vix historic supression squeeze Vix going to explode higher here, game of suppression , ending, the early switch is on, check out the volume spike. Longby claydoctor0
Say BYE To Sellers Bear. Say Hello To Buyers Bull .the detail is shown in the above Chart. I made this Idea based on Golden Level in Fibonacci tools together harmonic patterns . Say BYE To Sellers Bear. Say Hello to Buyers Bull riding the Golden Shark. Good Luck SEYED. by SEYED98Updated 16169
Invesco Commodity 41924Heavily weighted in energy. I see DBC catching a bid to test the top resistance. If that breaks through, which it will eventually. Fireworks will pop off. 30 dollars by BrandonrG0
Silver is greatThis a long term strategy for the next couple of years. Silver is consolidating within this triangle since August 2020. Buying SLV ETF is like having silver bricks stored in a safe place. See it that way. You just don't sell silver, you accumulate it at every pull back. I may take less than a couple of years though bc the break out could be violent. I'm showing a SL just for reference but I would buy more if price drops that low (I don't think that will happen anytime soon). Check my previous post on silver down below.Longby ArturoLUpdated 8
TLT Investment Opportunity // BuyTLT is back on level which took the liquidity on left side and impulsed a massive bullish movement, there is and identified breaker block before the liquidity was taken and also a fair value gap in yellow.Longby EvergreenWealthAdvisor2
IWM - buy at the key supporthi Traders IWM looks kinda bearish and we're seeing a lot of selling pressure on both on daily , weekly and monthly timeframe. Our strategy is to play the bounce from the key support level which is shown on the chart. If this key support level fails, most likely we will see more downside on IWM. Entry, target and stop loss are shown on the chart. Good luckLongby vf_investmentUpdated 117
$SPY April 19 2024AMEX:SPY April 19 2024 Strength is only above 515+- at the moment. Today 497 should break and probably AMEX:SPY will touch 4892no 94 levels being 100 average in the daily. In 15 minutes we have 100 averages at 504 and 200 averages at 50 levels. Both will be resisted at least once. For the day I will go short around 502 levels on a gap up or below 497 on a gap down. Provided the opening is around those levels and close of the bar near the low so can have the high of the bar a SL. Bias. Downside towards 492 levels. At the moment holding 492 +- 2 level is very important. Shortby RiderTrader663
Spy trade tomorrow3 scenarios as describe in the picture to reach next support around 494. If breaks 506 then downtrend over for now.Shortby anupsiwakoti223
TLT... Time to Buy?Good R/R for a long down here, especially with a potential for a weekly hammer to set up a higher low from the 2023 bottom. Especially with a seeming "risk off" in the markets could be an attractive place to look for returns. Been bleeding for a long time... plus take a look at the volume since the bottom.. highest volume since inception at the bottom of the chartLongby jakec995116
BTC Bullish or Bearish? AMEX:BITB Using an AI Super Trend Indicator, on 1hr intervals, the output showed a moderate strength (3) buy signal. Understanding the high volatility and increased levels of trade volume of BTC ETFs as of late, I am now grappling with the idea that we can expect a bull market for the coin. Enclosed is a rough Fibonacci retracement analysis, which illustrates my theoretical prediction.Longby Vellefaux1
SPY bearish (pitchfork analysis)SPY continued up more than I expected but now there are multiple bearish pitchfork signs on the weekly chart.Shortby TradersForecast1
XBI Pushing Into ResistanceXBI is pushing back into strong resistance in the range on 96.5 - 100. Looking for a higher high with momentum divergence to setup another round of weakness.by CycleTargetsUpdated 111
Technical Analysis for SPYas of Latest Market Data.The SPDR S&P 500 ETF Trust (SPY) exhibits signs of bearish momentum, underpinned by several technical indicators and recent price action. The ETF has breached crucial support levels, auguring a potential continuation of the downtrend. Recent Price Action: The latest candlestick pattern on the daily chart suggests indecision, characterized by a small body and shadows, indicating a tug-of-war between bulls and bears. The close below the Ichimoku cloud indicates a bearish outlook, as price action moves below both the conversion line (509.94) and the base line (511.87), reinforcing the bearish sentiment. Volume and Volatility: Trading volumes show a notable increase on down days, hinting at a bearish conviction among market participants. Volatility could be on the rise, considering the broader market context and geopolitical tensions. Technical Indicators: Ichimoku Cloud: The price has closed below the Ichimoku Cloud, suggesting a bearish trend. The lagging span is also below the price and cloud, further confirming the bearish sentiment. Fibonacci Retracement: The price has descended below the 61.8% retracement level (480.34), which often acts as a critical support in bullish scenarios. This breakdown could lead to price targets at the next Fibonacci level of 50% (466.76) or even the 38.2% (453.17) in the medium term. Relative Strength Index (RSI): The RSI hovers near the 35 mark, which is above the oversold territory but indicates significant bearish momentum. Should it breach the oversold threshold, we could anticipate a potential, albeit temporary, reversal. Moving Average Convergence Divergence (MACD): The MACD line remains below the signal line and has expanded its divergence, confirming bearish momentum. The histogram's increasing bearish bars further support this outlook. Stochastic Oscillator: The Stochastic is in the oversold region, suggesting that the market may be due for a relief rally. However, without a bullish crossover, this indicator alone is not enough to confirm a reversal. On-Balance Volume (OBV): The OBV line's downward slope suggests that selling pressure is dominant, with volume on down days outpacing volume on up days. Price Targets and Speculative Outlook: Given the confluence of bearish signals, the immediate price target for SPY lies around the 50% Fibonacci level at 466.76, with a potential stretch to the 38.2% level at 453.17. Any reversals need to reclaim the cloud and base line on the Ichimoku to negate this bearish thesis. Bulls would need to induce a significant volume spike and a close above the Ichimoku cloud to shift the current sentiment. Risk Factors: Traders should be cognizant of external market influences and macroeconomic data releases that could inject volatility into the markets. Additionally, any sudden shifts in sentiment due to policy changes or geopolitical developments could result in swift price reversals.by AxiomEx2
Gaining Laser Vision: Sharpening Your Trading FocusIt's common for some traders to see things in black and white, worrying too much about the outcome of each individual trade and giving excessive importance to winning or losing on every try. This perspective is pernicious because it overlooks the inherent uncertainty in the process, which often leads to unnecessary emotional burden and is almost always detrimental to decision-making. Unlike gambling, trading is more akin to a marathon than a hundred-meter sprint. Both for the trader and the marathon runner, the key factor isn't the outcome of a single operation or the speed in covering a short distance, but rather maintaining a consistent pace that allows them to reach their goals. Just like a professional marathon runner doesn't run the entire race at the same pace, a trader will experience losses and gains at different times. However, the key is to maintain a steady and consistent progress, evaluated in blocks of operations rather than each individual transaction. In the case of the runner, it's the stopwatch that shows the pace and acceleration, while in trading, the appropriate tool for this purpose is basic statistics. Both serve the same function: to numerically describe the activity being carried out. However, while analyzing the past is important for evaluation purposes, one of the most crucial aspects is the ability to make future estimates based on partial and past readings. While these readings may not provide much context on their own, when aggregated, they become powerful. In trading, two of the most basic statistics are also among the most important: expected value (average) and standard deviation, as they are fundamental to adequately describe a large sample of operations. Additionally, along with an appropriate estimation of probability, they allow for the calculation of future scenarios through statistical inference. Precisely, the task of statistical inference involves aggregating individual data points to obtain a broader view, enabling us to look towards the future, always recognizing the uncertainty and the importance of probability. Thus, mathematics allows us to understand the irrelevance of a single data point, such as the specific outcome of a trade. Statistical inference allows us to anticipate future outcomes by aggregating past data points, allowing us to understand how irrational it is to obsess over being right in each individual operation. Like the marathon runner, what matters is the final result, so the truly important thing is to focus on the process and the discipline in applying the set of predefined rules that form the backbone of our trading system. Moreover, an approach that moves away from the need to be correct in each individual operation and focuses on maintaining process consistency has the ability to completely change the trader's relationship with their operations, avoiding unnecessary emotional burdens, which often are the starting point for disaster. A brief look at the scope of backtesting can help us better understand the power of statistical inference. It's relevant to note that while backtesting is an important and very useful tool for evaluating past performance, it completely lacks the ability to extrapolate (anticipate the future) because it only looks backward. Although it can calculate averages, standard deviation, and some other more advanced metrics, it always operates in a world where there is no uncertainty because all the data is known in the past. It also doesn't incorporate a probability estimation, making it impossible to construct future scenarios. In short, the limitation of backtesting refers to replicating past operating conditions and staying there. While statistical inference looks to the future, backtesting looks to the past. Stay tuned to read more about it! In summary, trading involves maintaining a constant pace, evaluating performance in blocks, and recognizing the importance of the process over individual results. This discipline and strategic focus allow us to look confidently towards the future, as if we had a window showing us the path ahead. Educationby Carlos_F_4440
MONITOR BONDS COMMOD'S STOCKSbonds trarting to move before commodities stocks moves after by Vitaliy_Lebedev0
SPY persists with bullish bias LONGSPY on a daily chart shows rising VWAP lines and price with the RSI indicator showing strength above 50 since November and presently in the 65 range and so not yet overbought. Volumes are near to the running mean. Price Momentum and Relative Trend indicator are more or less flat but are positive. The mass index indicator does not show a reversal pattern. I conclude that SPY is still in range for long trades including call options.Longby AwesomeAvaniUpdated 1