XLF To RallyXLF normally moves quite slowly, but we may may be at a moment in which that accelerates substantially, even improving on what has been a phenomenal year. Weekly - Daily - The EW path drawn is what may be expected most commonly - we're looking for that or better.Longby FuturesIntelTMUpdated 222
US Small Caps ContinuationSurprised to see IWM fairly restrained in this upward trend as long term interest rates dropped significantly on todays CPI report. Really expect to see a quick catchup over the next few days as SPY and QQQ make new highs.Longby Audacity618115
QQQ Potential Paths Moving ForwardQQQ made a new ATH today and may close even higher. I think it will run up until it retests its ascending channel from earlier in the year.Longby AdvancedPlays7
Long SQQQ 9.95Target 12 As you can see, SQQQ RSI (9) never has been so low in this time frame ....8 Market is ultraoverbought and I expect a huge reversal. Regards, Longby PACDealer448
Expired SPY Weekly outlook. 3rd WK MAY 2024Expired SPY Weekly outlook. 3rd WK MAY 2024 > BULLISH 📈 CORRECT Closed Price: 520.84 Target Price: 524 | Strike Price: 528 MAY15 24' Upper Range: 532 Lower Range: 516 Longby putIQ1
SPY simple chart analysis: following previous post ideaElliot Wave finished forming the A of ABC correction just on the fourth wave of giant minor E.W. D1 t.f.. Two sets of abcde waves finished and builded a complete smaller abc correction, giving open doors for a bullish momentum. Trend still can continue until 300% of E.W. fibonacci. fibonacci is between the 0 and 2 of E.W., starting from 50% instead of 0. It already passed atractive channel giving opportunity for sideways. Note: I sugest to not take this trade if you are starting it😋.Longby FtradorexUpdated 3
$BITX callI'm bullish on $BTC. I just bought AMEX:BITX March 2025 $20 call for $24. Will hold them into 2025. Longby qyu0012
GL:D on target for 230GLD Cup and Handle - 4h indicating bullish, target 230, when? we don't knowLongby Krishm303
#ARKK to have a strong recovery Target 1 I expect to come quite quickly ... closely correlating to a strong bounce in #BITCOIN My overall thesis for an Equity top in April 20024 is now firmly in place. Longby BallaJiUpdated 226
Rising supply could act as a headwind for uranium pricesThe price of uranium, known as yellow cake, has more than doubled in the past year amid a significant imbalance between supply and demand in the global market, sending uranium-related assets soaring to the sky. In addition, the return of Japanese appetite for carbon-free energy and the restart of two nuclear reactors last year, along with plans to restore more units in 2024, also contributed to rising prices. Then, more recently, the announcement of the U.S. ban on Russian imports of uranium and the approval of the GX Decarbonization Power Supply Bill in Japan, aimed at creating a carbon-free energy supply, have had the same effect, helping uranium to regain strength after a brief selloff in February and March 2024. Illustration 1.01 Uranium-related assets, including Global X Uranium (URA), Sprott Physical Uranium Trust (SRUUF), Sprott Uranium Miners ETF (URNM), and Uranium Energy Corporation (UEC), all recorded huge gains in the past year or so. Since the start of 2024, uranium has gained approximately 4.7%. Yet, for the year, its performance has been flat, which begs the question of whether the rally is not overdone at this point when the supply is coming online around the world, raising chances of the market moving toward balance and potentially leading to stabilization or reversal in prices. According to the quarterly Domestic Uranium Production Report published by the U.S. Energy Information Administration (EIA), uranium production in the United States for the first quarter of 2024 already surpassed the total output last year. Moreover, data from 2021 and 2022 suggest countries like Australia and Canada are also trying to ramp up their production in response to rising prices. Illustration 1.02 The image above illustrates the weekly graph of Global X Uranium ETF (URA) and a major resistance at $31.60. Regarding Global X Uranium ETF (URA), it recorded remarkable 353% gains since its lows in 2020, coupled with a nearly 15% increase in the current year alone. However, despite these impressive gains, the ETF has encountered a significant hurdle at the $31.60 mark, signaling a potential barrier to further upside momentum. Besides that, there is a growing perception that events traditionally viewed as catalysts for price appreciation are losing their potency over time, indicating a potential shift in market dynamics. Technical conditions Daily time frame = Bullish (losing momentum) Weekly time frame = Bullish Monthly time frame = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.Shortby TradersweeklyUpdated 5
MAHKTECHstock is in high momentum, wait for retracement till14.20. buy at 14.20, take sl 14, target is mentioned in the chart.holding period 6 monthLongby Tradernawab0
Bullish pattern could be formedHi guys ! a bullish continuous head & shoulders pattern could be happen if neck line will be broken and price tolerate one day trading above 91, in such a scenario XBI could reach around 97, I will update the post later …..Longby Alirezamehdipour0
Bullish pattern could be formedHi guys ! a bullish continuous head & shoulders pattern could be happen if neck line will be broken and price tolerate one day trading above 91, in such a scenario XBI could reach around 97, I will update the post later …..Longby Alirezamehdipour0
$SPY May 15, 2024AMEX:SPY May 15, 2024 15 Minutes The SPY is not retracing. It is resolving divergences and aligning moving averages through sideways movement. Now as expected once 522.75 was crossed we are back in business. I will consider two numbers. The rise from 515.15 to 532.582 and 520.56 to 523.82. Maintaining a hold at 518.5 is crucial for the former, while for the latter, 522 holds significance. Currently, 522 represents the 100 averages over a 15-minute span. Therefore, with this hold, my target ranges between 524.5 and 525.5. Hence for the day I will buy on a retrace to 522 - 522.5 levels for a target 524.5 to 525.5. I anticipate a retracement since the last bar reached the high of the day and closed near the low of the bar. Technically, I should only buy above the high. However, I am considering a retracement buy if it occurs. On downside if AMEX:SPY breaks 521 I will short for 518.5 being 200 averages in 15 minutes. Even though today I have only $2 on either side, I am willing to take a trade because the box has been broken and the sideways trend has ended. by RiderTrader116
Bearish cypher by AD/MONEY FlowAD running a bearish cypher pattern on the 4hr. Also money flow/AD peaking with price action. Price action also hit my 1.618 fib level which is bearish. Money Flow and AD needs to breakout above b leg, however the down trend looks In tact. Short term bearish outlook. Shortby moneyflow_trader292916
Long volatility - UVXYsee chart of UVXY, which tracks VIX. we're at an important FIB level and long-term trendline. I'm long as of now.Longby novamaticUpdated 115
TGR pt.2 - SPY vs. gravityThis chart uses symmetric trajectories from the early distribution phases to estimate the path price will take to initiate markdown. Initial target = 506-508. If SPY finds resistance at 516 then the initial target could hit by the end of this week (5/10). If SPY breaks above 516 it should find resistance at 518-520, and then the initial target will be delayed - 506-508 would likely still hit by 5/17 if the latter case is realized. Goal Target = 492 by 5/13 earliest, 5/23 latest. Could extend lower into the 480s but still need a confirmation signal to establish time to target. ---------------------------------------------------------------------------------------------------------------- My Trade(s): - Entered July 19 SPY 506 puts for 6.85 (underlying price = 515.47) - Will Add if SPY continues higher (looking to add in the 518-520 range) - Will Add if SPY closes back below 514. ================================================================================ This looks doomed, but is there enough residual demand to keep this afloat until June? Or will conjunctions of larger forces pull this further down in May... It depends on if we break back below 514 - that's all it will take to spur a rapid selloff. Shortby JerryMandersUpdated 565650
FXI - Breaking OutStill under the radar, China stocks have drawn little attention except for increased tariffs. This continues to have huge potential. Looking for a successful test of the break out level to increase position.Longby AssetDesign0
Utilities Getting Ahead of ThemselvesLong term bullish on Utilities, but this is quite the move over the last few weeks. Looks exhausted with the latest Friday candle forming a -> dark cloud cover. Also interest rates have not dipped that much to push this interest rate sensitive sector higher, perhaps hype around AI energy usage is driving this. Trade: Short term pull back -> bear credit spreadsShortby Audacity618Updated 1
Wedge Forming on BondsThis is a follow up to my previous post about NASDAQ:TLT and AMEX:TMF showing also backing my thesis from a more technical level. I really think this is one of the best risk rewards on the market at this time and also acts as a hedge against stocks if we get bad market news Longby bdsg956
BONDS ARE THE WAYRight now rates have probably peaked or are close to peaking I strongly believe vehicles like NASDAQ:TLT or AMEX:TMF provide some of the best risk reward for a long swing trade for the next few months. TLT is especially attractive due to its Yield being over 4% at this time. If any fear of recession comes into play over the next year these trades will fly. Although you could buy calls I think holding the ETF is the trade since the yield is there for those who simply hold long. I also prefer TMF for large percentage gain since it removes the worry of Theta decay and allows you to average into a position over time. Happy trading! Longby bdsg954