$SPY 4hr MACD Cross and Trend rejectionAMEX:SPY 4hr chart. A deeper look into previous posts. by Delli220
$SPY trend rejection/EMA cross/MACD rejectionNot looking great as we head into #FED and NASDAQ:AAPL earnings to close out this week. The weekly 21 EMA is 494ish. If 500 breaks then that would be next level of support to watch. Shortby Delli22330
If Treasury bonds short duration falls. If we break down here on bonds. Below the line (4,8189) can this be race for a new bull run for stocks? Shortby GreenBkk0
SPY correction continues & another earnings season begins SHORTSPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci retracement for this trend down could take it down to the 475 range or about another 10%. Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the SMA 100 ( green line) which is confluent with the Fibonacci retracement level. Deep support of the daily SMA200 ( red line) representing more than a 50% retracement is at the 450 zone. Megacap technology earnings upcoming may lead the way down or cause a consolidation for a reversal. April will likely be a big red month. April showers bring May flowers?Shortby AwesomeAvaniUpdated 558
$SPY May 1, 2024AMEX:SPY May 1, 2024 No comments. No trade day today. Nothing to write about. Went wrong. Back to drawing board. by RiderTrader113
SOXS Stock Chart Fibonacci Analysis 042924Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 36.6/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day. by fibonacci61803
QQQ Scalping Zones 5/1 - Stay Safe with my levels!!Upside Targets: * 423.62/424.53/426.41 Downside Targets: * 421.96/420.72/418.54 Daily Trend Tracker - *QQQ-Bearish *DXY-Bullish *VIX-Bullish - *US10Y-Bullishby QuantumEdgeAnalytics1
expanding range semiconductor market structurethe range has expanded wildly, and it looks like there is money to be made in a squeeze in semiconductors. ai stocks and tech stocks are high risk and prone to wild swings. i think the downswing has ended mostly considering these levels outlined in the value gap and smart money areas on the chart. im attempting to swing this long as the levels converge.Longby cerealmarketUpdated 4
Move the 401k to ChinaGrowth in China will buoy Global growth for at least the next year. Looking for an entry on the China trade is a smart move imo.by arama-nuggetrouble3
SPX vs VIXComparing SPX on the left with UVIX on the right. If UVIX double bottom can hold price above 8.37 and SPX can break below price of 4953.56, I find it highly probable that the top of equities is in. If UVIX at any point breaks below 8.37, then any breaks of SPX below 4953.56 would like be dip-buying opportunities. If UVIX breaks below 8.37, then it is also possible that SPX has already bottomed at 4953.56.by discobiscuit1
Schedule 3 is here!!!Well its about time, the news we've been waiting for is here. Hold on tight.Longby boriku0
SPY - Lower high, lower low.Looks like a lower high, lower low, lower expectations fro AMEX:SPY today. Hopefully stays under 507.Shortby SPY_Trader110
SPY reversal of the day at 506.10 till 508.80The SPY reversed its direction today, trading between the range of 506.10 to 508.80. It hit Fib 0.00% 3 times and with RSI crossing over.by OnePunchMan91Updated 110
SPY PUTSHere we gooooo. Institutional order here, nice wick out of supply zone. Classic drop base drop, 2-3 days out... $2-3 OTM. Lets get it.Shortby Smart_Money_CpyderUpdated 4
Uranium X ETF break out - BullishA descending wedge in an uptrend has led to textbook breakout with Uranium X ETF ($URA) Could be a retest though at 20.50 Weekly chart has been usedLongby andmk2Updated 3
Mixed signalsThe daily chart is currently showing the momentum fading on the PPM1. It looks to be heading down after finding a near term top. As we can see price already trading in a range, it could mean that the market is trying to find a direction. This could either be finding a top or gathering momentum to continue upwards. For more clues, we turn to the weekly chart. We can see that the weekly chart is past the first high fib target of 3.308. Momentum is still likely to be on the upside even though PPM3 is slightly under water (no trend so for now it is irrelevant). PPM1 shows some more upside for the next week or so before dropping off in momentum. This could mean we may try to reach for high fib target 2 at 3.384. Note that even if momentum drops off, as long as we stay in trend mode, there is still potential for price to continue rising to find a top. by tanreu0
$SPY April 30, 2024AMEX:SPY April 30, 2024 15 Minutes AMEX:SPY opened gap up around 510 levels. But the expected retracement happened only near end of day. It is on sideways between 508-510 levels. If we consider the rise from 493.86 to 507.37 4SPY retraced to 497.5 levels. This is more than 61.8 retracement for the rise. Hence 508-510 sideways going on for consolidation. I have first target as 514 levels once 511 is crossed and close near top of bar. At the moment uptrend intact in 15 minutes as long as 507 +- 0.5 is held. I am supported by AMEX:SPY above 50,100 and 200 moving averages. 9,21 and 50 have converged. Since Elliott oscillator is red and CCI red i expect a small retrace to 506-507 levels before crossing 511. In the event we have a gap up today above 511 I will wait for retracement to 509- 510 levels and take a position only if close of bar is good when it crosses again 511.Longby RiderTrader114
Elliott Wave Intraday Analysis on GDX: Further Rally ExpectedShort Term Elliott Wave View on GDX suggests that rally to 35.74 ended wave 3 on April 12, 2024. From there, the ETF pullback as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 33.44 and wave (b) ended at 34.35. Wave (c) lower ended at 32.43 which completed wave ((w)). The ETF then rallied in wave ((x)) as as a double three structure in lesser degree. Up from wave ((w)), wave (w) ended at 33.95 and wave (x) ended at 33.11. Wave (y) higher ended at 34.31 which completed wave ((x)). The ETF then extended lower in wave ((y)) as a zigzag Elliott Wave structure. Down from wave ((x)), wave (a) ended at 32.78 and wave (b) ended at 33.60. Wave (c) lower ended at 31.90 which completed wave ((y)) of 4. The ETF has turned higher in wave 5. Up from wave 4, wave i ended at 33.3 and wave ii ended at 32.79. Wave iii higher ended at 34.95 and pullback in wave iv ended at 34.07. Expect the ETF to extend higher in wave v to complete wave (i). Afterwards, it should pullback in wave (ii) to correct cycle from 4.23.2024 low before it resumes higher. Near term, as far as pivot at 31.9 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.by Elliottwave-Forecast1
USO Stock Chart Fibonacci Analysis 042924Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 82/61.80% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day. by fibonacci61800
May Market Outlook, Sectors Rotation, Relative Strength AnalysisSince February, the commodities asset class has surged ahead, overshadowing the S&P 500's faltering performance. This notable shift in market dynamics underscores the resilience and strength exhibited by commodities during this period. Of particular interest are the XLE and XLU sectors, which have emerged as frontrunners since early March. This transition coincided with the decline in momentum of previously dominant sectors like XLK and SMH (refer to Fig. 2). Notably, XLE and XLU, characterized as growth defensive sectors, have thrived amidst market downturns. Investing in commodities and energy/utility sectors during these phases could have yielded significant profits, with select energy stocks boasting returns exceeding 25%, while the S&P 500 experienced an approximate 10% decline. Looking ahead to May, it's anticipated that XLE and XLU will maintain their market leadership, albeit with a slight loss in momentum. However, investors are advised to remain vigilant as these sectors may soon witness a change in dynamics. It's crucial to employ stop limit orders to safeguard profits in such volatile conditions. Following the current trajectory, XLY, XLRE, and XLF are poised to emerge as significant players in the market cycle (refer to Fig. 3&4). However, it's important to note that these sectors are susceptible to rapid momentum shifts, particularly when XLK and XLC regain momentum. Looking towards June, indications suggest that XLK and XLC will likely regain prominence in the market. For buy-and-hold investors, this presents an opportune moment to consider purchasing assets during market dips. Considering these market dynamics, my top investment picks are (TSLA), (GOOG), (AAPL), (ORCL), and Cisco Systems, Inc. (CSCO). These companies demonstrate strong growth potential, especially when timed strategically to align with sector rotation leadership shifts.Longby MESHANL2
Inflation ratios for spotting fed rate trend part 7Inflation ratios for spotting fed rate trend part 7by JoaoPauloPires0
Spy short 3-8% correction or New Bear MarketNew Thread ok everyone our levels for April 21st are Bulls calls over 502.50 price target 504-505 max508 maybe unlikely wouldn't count to much on the upside targets Bears short everything under 502 price targets 495-490-485 and as low as 480 this week my scenario playing out this week is a range 488-500 max this is what I anticipate the week forecast stuck in a range before moving lower in MAY.Shortby JoeWtradesUpdated 183183127