$QQQ - $343 Price TargetQQQ is in overbought territory in almost all metrics, selling has started which would cool down the index in order to move higher, looking for gap to be filled and a price target of $343Shortby TheTradingStar1
S&P weekly consolidation in progressAt the end of last week, sellers confirmed weekly consolidation by closing below the previous week's low. From now on, bears have control over the price on the weekly timeframe. We should monitor the progression of weekly lows and highs to see when things start to shift, but until then, we should trust the sellers. It is also notable that if we look at the futures chart ( CME_MINI:ES1! ), we can see that buyers were unable to close above the previous day's high for the last 10 trading days. If buyers want to regain control, this will be their first objective. Please note that the price is currently positioned near the previous month's low, which can provide an intermediate support level. If you’re planning to short the market, it is better to wait for a pullback or for a breakout with retest. Finally, if weekly consolidation will convert into monthly consolidation it will be a major win for bears. Disclaimer I don't give trading or investing advice, just sharing my thoughts. Shortby hermes_trismeUpdated 4
$IWM - Can we see a relieve bounce soon?AMEX:IWM hits the first support area of $192. It is the October 2023 pivot VWAP (Volume Weighted Average Price), which has provided support before. 👀 The RSI (Relative Strength Index) is close to oversold, so we could see a bounce soon.by PaperBozz0
QQQ | SHORTNASDAQ:QQQ Possible Scenario: SHORT Evidence: Double Top Price Action Entry: 433 Target: 422 SL: 436 Shortby shksprUpdated 224
spy short its time 3-8% correctionNew thread April 510-505 I would personally buy calls all the way down to 505 10 days out for a bounce 514 Taking profit 512-514 Then I would get bk into shorts all the way down 505 or lower as low as 495 this upcoming week weekly range keeping us in a corrective phase no higher 516 as low as 495 WILL UPDATE SUNDAY NIGHTby JoeWtradesUpdated 14614692
SPY | SHORTAMEX:SPY Possible Scenario: SHORT Evidence: Price Action, Macro Economy TP1: 497$ It has fallen below the 50-day moving average (MA); the next support is at the 100-day MA at 490, and there is a gap at $497 that will likely be filled on the way downShortby shksprUpdated 0
EWJ - LONG to $80-$87USDJPY goes down - Japanese stocks go up The annual inflation rate in Japan rose to 3.5% in April 2023. From 2015 it was near 0-1%. Companies have a lot of cash, do huge buybacks.Longby AndreyVasylyukUpdated 0
Simple chart analysis for SPYActually, it was difficult to get the gasp of using Elliot Wave on this kind of chart because it didn't work like usually do On H4 t.f., three Elliot Wave finished. ABC correction finish. A to B of second ABC is in process. I use fibonnacci from peak 2 to peak 0 and start with the level 0.50% to have a better idea of where the fifth peak will be. It should reach 300% of fibo. . The percent and 100% fibo. it's to know strong zones for retracement. Note: It is a risky trade cause I'm not very familiar with this kind of chart with so many gaps, but I have analize it the best I believe.Shortby FtradorexUpdated 5
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
SPY MARKET CRASH! 250 PRICE TARGET? I hope you guys enjoyed the video! Feel free to comment down below if you have any questions!10:01by financialhour1
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 Jovan888448
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
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