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$SPY November 20, 2024AMEX:SPY November 20, 2024 15 Minutes. AMEX:SPY had a gap down. But did not break the recent low of 583.86 which I have taken as the starting point for current move. It took support at 200 averages in 60 minutes and started to move up. Noe for the move 583.86 to 589.49 to the fall 584.02 the first target is 592-593 levels as in box. In 15 minutes, we have 9,21,50 and 100 averages consolidated. So, for the rise 584.02 to 591.06 holding 586-587 levels, we target for 592-593 levels. 592-593 is important because it is also 61.8% retracement for the fall 599 to 584 levels. It is also 20 averages in 15 minutes. Hence, I expect a consolidation to happen between 591-593 levels today for a move tomorrow or Friday.
AMEX:SPYLong
by RiderTrader
2
SPY/QQQ Plan Your Trade For 11-20 : Flat-Down PatternToday's Flat Down Pattern suggests the SPY & QQQ will trail downward a bit within the current #2 sideways flagging pattern. I believe this setup is indicative of a broader breakdown (Anomaly Event) playing out headed into Thanksgiving and into the end of the year. Gold and Silver are also moving in an Inverted Excess Phase Peak pattern - struggling near a Phase #3 (sideways consolidation) range. This move will resolve to the upside if my research is correct, yet we could also see Gold and Silver move into a very large Phase #2 type of EPP phase (Flagging downward). This could setup a very large upward price rally in Gold and Silver over the next 60+ days. BTCUSD is struggling to break to new highs. Although I see a confirmed bullish trend because of a recent new Higher High, I also see BTCUSD struggling to continue to make new highs right now. Because of this, I see some potential for a breakdown if BTCUSD is unable to rally to new highs within the next 5 to 6+ hours. Remember, price must always attempt to make new highs or new lows. Failure to make a new high means price must then attempt to make a new low. Failure to make a new low means price must then attempt to make a new high. These are the RULES OF MARKET PRICE ACTIVITY. Once you learn to use/follow them, trading becomes a bit easier to understand. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
Last Correction for the Year and then we go back to sub 3% IR.We should see 1 more last correction during the holiday season before President Trump gets inaugurated. This might be one of the last golden eras where a president suppresses interest rates one last time to try to make the economy flourish again in these next 4 years. These last 4 years was a repeat of the 1970s great inflation with Jimmy Carter except now its with Joe Biden but instead of Donald Trump having a Paul Volcker fed chairman he has a very indecisive Jerome Powell whom will just kick inflation further down the road (via cutting interest rates back to sub 3%) for the next Fed chairman to deal with in 2026.
NASDAQ:QQQShort
by christiandel410
3
Bitcoin Breaks To New Highs - $100.5K Is The Likely TargetI created this short video to help traders understand how Fibonacci Price Theory works using BTCUSD. This move suggests that BTCUSD will attempt to rally above $95k and target $100.5k in the next trending phase. BTCUSD broke away from the Excess Phase peak Flagging formation (#2) very clearly today. At this point, there is very little downside price risk unless price breaks below $86.8k. I also review Gold/Silver and the SPY/QQQ to help traders prepare for the BIG SHIFT into my proposed Anomaly Event. Here we go.. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
Market insights & Where we are heading on the $QQQ $SPY $IWM 📊 Market Insights & Future Trends: NASDAQ:QQQ AMEX:SPY AMEX:IWM In this must-watch video, we’re diving deep into: Market Direction: Projections for where the markets are heading this week into year-end. Potential Catalysts: Key events and factors that could cause significant market shifts. My Secret Tools & Strategies: An inside look at the methods I use to anticipate market moves. Ready to get ahead of the game? Let’s dive in and uncover the insights you need to stay informed and strategic! Like l Follow l Share for more content!
AMEX:IWMLong
by RonnieV29
Healthcare Sector Poised For A 7% to 15% Rally Into Early 2025My continued research to help traders shows the US Healthcare and Biotech sectors are poised for a very large rally phase into early 2025. Particularly, XLV and XBI seem uniquely setup to rally more than 9-10% over the next 60 to 90+ days. This video explains how I use my Adaptive Dynamic Learning Predictive Modeling system to find opportunities other people miss. Using technology, predictive modeling, and inference engines like this is one advantage I have because I can build any type of technology or system I like - and use it on any symbol or interval I like. Now is the time to prepare for the big moves headed into 2025. Follow my research if you want to target the biggest price swings in the markets. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:XLVLong
by BradMatheny
SPY's Recovery: Amid Trendline Break for Nov. 20, 2024SPY is displaying a solid recovery after a steep downtrend, breaking key trendlines and reclaiming critical levels. As it inches toward overhead resistance, SPY offers prime setups for scalping and swing trades. Here’s a structured trading plan to navigate its next moves. Market Structure Overview * Trendline Breakout: SPY has broken a descending trendline, indicating a potential shift in sentiment toward bullishness. * Volume Analysis: Rising volume accompanies the breakout, signaling buyer interest at current levels. * Current Price Action: Trading near $591.40, SPY is consolidating just below a significant resistance zone. Liquidity Zones * Demand Zone (Support): $578.00 - $581.00. Buyers have shown strong interest in this area during pullbacks. * Supply Zone (Resistance): $593.00 - $595.00. Sellers may emerge here as it aligns with previous rejection levels. Order Blocks * Bullish Order Block: $578.00 - $580.00. Watch for buying interest if SPY retraces to this zone. * Bearish Order Block: $593.00 - $595.00. This area could serve as a profit-taking zone or short-term resistance. Key Levels * Support Levels: $578.00, $581.00, $583.95. * Resistance Levels: $593.00, $595.00, $600.97. Technical Indicators * 9 EMA & 21 EMA (Hourly): SPY is trading above these levels, confirming short-term bullish momentum. * MACD (Hourly): Bullish crossover with increasing histogram bars, supporting further upward movement. * RSI (Hourly): Near 65, suggesting room for additional upside but nearing overbought territory. Scalping Plan * Entry: Look for pullbacks to $589.00 - $590.00 for a quick scalp with confirmation from bullish candles. * Exit: First target at $592.50, with an extended target at $594.00. * Stop-Loss: Place a tight stop at $588.00 to minimize risk. * Game Plan: Use high-volume breakouts or retests of minor supports as entry signals. Avoid overtrading near resistance levels. Swing Trading Plan * Entry: Accumulate near $578.00 - $581.00 for a medium-term swing trade. * Exit: First target at $595.00, with extended targets at $600.00. * Stop-Loss: Set below $576.00 to protect against further downside. * Game Plan: Monitor for consolidation above $583.95 and use pullbacks for additional entries if momentum persists. Projection SPY is positioned to test $593.00 in the near term, with a breakout opening the door to $595.00 and eventually $600.00. Failure to hold $589.00 could see a retest of $581.00, offering a secondary entry point for longs. My Thoughts SPY’s breakout signals a bullish shift, making it an ideal candidate for both scalpers and swing traders. Scalping opportunities lie between $589.00 and $593.00, while swing traders can capitalize on pullbacks to the $581.00 demand zone. Stay disciplined, and let the price action guide your trades. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and consult with a financial professional before trading.
AMEX:SPY
by BullBear-Insights
SPY should go up tomorrow ....I am using the Heikin Ashi Candlesticks as I find you can see a definite directional pattern with them on the chart itself. Typically, you should wait until you see two green candles, but if you look at some of the indicators on the 6 hour chart, you can see that it is indicating a bullish move. The 7 hour and daily indicators should follow soon. (I will post these hourly charts following this idea) After the US election last month, the market shifted a little in the amount of days the SPY went up. In the month of November, the market only went up about 7 days but it did hit an upward move of 32 points and the Fibonacci number. I believe the market was shifting in November to get ready for the US Thanksgiving and Christmas as well as other upcoming events such as the Fed Meeting in December and other events in the January. The SPY will go up until about Nov 25th before moving sideways for a few days while US Thanksgiving is nearing. After US Thanksgiving and Black Friday, the market will continue to go up until Dec. 9 to 11th which is about a 12 to 14 day move using the green Heikin Ashi candlesticks. This was the typical length of time of the move of the previous months with the exception of November. In the last few months, I have observed that the up trend goes up between 12 to 14 days. So I will be out by Dec 10th. If the market hits the 1.619 Fibonacci, which is about 609, I am out. The SPY has been usually moving about 32 points per month on average. If it hits a 32 point upward move (616), I will be out. (but it will hit the 1.619 Fibonacci line before it hits the 32 point move) I believe the SPY will go up for the month of December and January before going down in February. I have been noticing that the market goes up for about 3 months before having a more of a downward trend in the fourth month. The market should technically go down after the middle of January and for approximately a month. During that time, the market may shift a little in time. (I am looking forward to that month to learn more.) If you look at the indicators on the 6 hour charts, specifically the DMI, Stochastic RSI, and the MacD, you can see that they are starting to shift to indicate a bullish move. Typically, I used the half hour, the hourly and the four-hour chart indicators to confirm that this is indeed a bullish move. I need all those indicators to align to confirm a trend. I only trade with the strength of the trend not the retractions. And typically (not always) I wait for at least 2 green Heikin Ashi candles to confirm trend before I enter. These are my rules that I follow. As I have said in my previous charts, I find the 5 minute indicators show what will happen in the next half hour, the 10 minute indicators show what will happen in the next hour, the half hour indicators show what will happen in the daily charts and the hour indicators will show what will happen over the next few days. (My opinion, not fact) I trade simple ... if I can't see the trade in a few simple steps, then this is not the trade for me. Also, I explain my trades in more detail for me, not for you. Repetition is the key for me. If I repeat it over enough in my head, it will more likely stick. Happy Trading everyone!!! :-) And here's to making oodles of money or at least learning something if you don't.
AMEX:SPYLong
by Princessgirl
DIA should go up until the beginning of December...I am using the Heikin Ashi candlesticks as they show more of a directional movement thru the charts. Typically, you should wait until there are 2 green Heikin Ashi green candlesticks before entering. The typical uptrend of the DIA has been about 10-12 days. The typical move of the DIA has been about a 25 pt move per month which is about 454. The target of the 1.618 Fibonacci is 453. And typically the DIA has moved about 10 to 12 days up which would be about Dec 9th as a target. Even though you do not see the daily indicators shifting, if you look at the 6 hour charts, you can see the Stoch RSI moving upward, but the MacD and the DMI are not indicating a move upward just yet. And typically, I would like to see 2 green Heikin Ashi DAILY candlesticks before entering the market. The DIA will move upward until about Nov. 26 then it will trade sideways around the US Thanksgiving before it keeps moving upward until around Dec. 9th. The FED meeting is on Dec 17-18th with the meeting associated with a summary of economic projections. I suspect this will be slightly negative as there will be a downward movement around that time until Christmas. As I have said in my previous charts, I find the 5 minute indicators show what will happen in the next half hour, the 10 minute indicators show what will happen in the next hour, the half hour indicators show what will happen in the daily charts and the hour indicators will show what will happen over the next few days. (My opinion, not fact) I trade simple ... if I can't see the trade in a few simple steps, then this is not the trade for me. Also, I explain my trades in more detail for me, not for you. Repetition is the key for me. If I repeat it over enough in my head, it will more likely stick. Happy Trading everyone!!! :-)
AMEX:DIALong
by Princessgirl
SPY: Charting the Path - Technical Analysis for Nov. 19, 2024Technical Analysis Overview: SPY (S&P 500 ETF) has been oscillating between critical support and resistance levels, with a potential breakout or breakdown brewing. Traders should prepare for significant moves as the price consolidates, providing scalping and swing trading opportunities. Price Action Insights: 1. Trendline Analysis: * A visible downtrend channel is guiding the price lower. However, recent consolidation around $587-$588 hints at a potential reversal or continuation. 2. Key Levels: * Resistance: $591.50 — Breaking above this could trigger a bullish move toward $601. * Support: $583.80 — A drop below this may lead to further downside toward $579-$578. 3. Supply and Demand Zones: * Demand Zone: $578-$583 — Strong buying interest is likely around this area. * Supply Zone: $590-$593 — Sellers are expected to defend this range aggressively. 4. Order Blocks: * Watch for price reactions in the $583-$588 consolidation zone, as it could define the direction for the next move. Indicator Analysis: 1. EMA Strategy: * 9 EMA and 21 EMA: A bearish alignment remains, but the flattening EMAs indicate a potential pause in selling pressure. 2. MACD: * The MACD line is attempting to cross above the signal line, signaling a potential bullish divergence. Game Plan for Scalping: 1. Entry Points: * Long: Above $588, targeting $591-$593. * Short: Below $583, targeting $580-$578. 2. Exit Points: * Focus on tight take-profit levels to secure gains within the defined ranges. Game Plan for Swing Trading: 1. Bullish Scenario: * Entry: Above $591.50 with confirmation of strength. * Target 1: $601; Target 2: $605. * Stop Loss: Below $587. 2. Bearish Scenario: * Entry: Below $583 with strong selling momentum. * Target 1: $578; Target 2: $573. * Stop Loss: Above $588. Thoughts and Suggestions: SPY is consolidating near crucial levels. Scalpers can trade within the defined range, while swing traders should wait for a confirmed breakout or breakdown before entering positions. Monitor volume and macroeconomic catalysts to refine your strategy. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research before trading.
AMEX:SPY
by BullBear-Insights
1
SOXL WEEK OF 11/18/24SOXL WEEK OF 11/18/24 To maintain simplicity, once the price moves beyond the WHITE range, monitor for a potential retest of the breached level. Be prepared to initiate long or short positions targeting the YELLOW ranges. While prices may surpass the YELLOW range targets, these levels provide a robust framework for securing profits. 🎯🫡 *These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
AMEX:SOXL
by J3Trad3s
SQQQ WEEK OF 11/18/24SQQQ WEEK OF 11/18/24 To maintain simplicity, once the price moves beyond the WHITE range, monitor for a potential retest of the breached level. Be prepared to initiate long or short positions targeting the YELLOW ranges. While prices may surpass the YELLOW range targets, these levels provide a robust framework for securing profits. 🎯🫡 *These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
NASDAQ:SQQQ
by J3Trad3s
$SPY November 19, 2024AMEX:SPY November 19, 2024 15 Minutes for the rise 574 to 600 it retraced back 61.8% to 584 levels. For the fall 595 to 583 it retrace 61.8% levels to 589.5 yesterday. The range give earlier buy above 583 for 589 590 is done. For the last rise 583.86 to 589.48 AMEX:SPY retraced 50% to 587 levels. So, holding 586 we will have a target 589-592 levels now. In 15 minutes 9,21,50 all is consolidated so I expect a move Upwards to 590 levels. Also 588.5 is 200 averages in 5 minutes.
AMEX:SPYLong
by RiderTrader
5
Bull & Bear $SPY Weekly OptionsAMEX:SPY We expect the next two weeks through Thanksgiving to be quiet before we continue on this rally into the end of year through all-time highs. This week we are focusing on the range from $583 up to $598. We have weaker levels at $586 and $591.70. Here are our weekly options contracts for both sides of the trade. For confirmation, we use 15-30 minute candle closes over/under our entry level. $590 CALL 12/2 Entry: Retest Confirmation OVER $586 or $583.56 Targets: ($586), $588, $591 $584 PUT 12/2 Entry: Retest Confirmation UNDER $583.56 Targets: $580.90, Long-term trendline
AMEX:SPY
by PennyBois
SMH eyes on $237: Key support that needs to hold for next leg upChip stocks have been cooling down for a few months. SMH covers a cross section of the industry and is dipping. Currently testing a key support acting as bottom of range. $ 236.36-238.96 is the current support of interest. $ 246.87-247.78 above is minor but key resistance $ 225.66-225.86 below is next support for stop loss. . All of these zones were obvious in last analysis: . The major levels for SMH are set by its "Genesis Sequence": ==================================================================
NASDAQ:SMH
by EuroMotif