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$SPY Options | Trump Week TwoAMEX:SPY Fear and panic has spread in the market, but buyers ate it up by end of day (1/27). There is a gap from December 18th up to $603-$606. $603.44 is the key pivot for bulls and $591.54 for the bears. For our weekly options trades, we use 15 or 30 minute candle closes for confirmation and stop-loss. $603 CALL 2/11 Entry: Breakout/Hold Over $599.92 Targets🎯: $603.44, $606 $595 PUTS 2/11 Entry: Breakdown/Rejection Under $599.92 OR $603 Targets🎯: $595, $591.54
AMEX:SPY
by PennyBois
SPY at a Crossroads: Key Levels and Options Strat for Max ProfitAnalysis and Trade Plan for SPY Based on the 1-Hour Chart SPY is trading within a well-defined ascending channel, reflecting bullish momentum. However, key resistance at 607.82—backed by strong Gamma Exposure (GEX)—poses a critical decision point for traders. Here's a detailed breakdown of potential moves and strategies: Key Levels to Watch: 1. Resistance: * 607.82: Current high and GEX resistance. * 610-612: Psychological level and channel extension. 2. Support: * 605: Minor support within the trend. * 599.56: Major support zone highlighted by GEX and channel lower boundary. Momentum Indicators: * MACD: Bearish crossover, signaling potential short-term weakness. * Stochastic RSI: Overbought and turning downward, suggesting a possible pullback. * Volume: Moderate, with no strong conviction near resistance. Trade Plan for 1-Hour Chart Bullish Setup (Breakout Above 607.82): * Entry: Above 607.82, confirmed by strong volume. * Target: 610 and 612 (upper channel resistance). * Stop-Loss: Below 605. Bearish Setup (Breakdown Below 605): * Entry: Below 605, confirmed by increasing bearish volume. * Target: 599.56 and potentially 595 (lower support). * Stop-Loss: Above 606. Options Strategies Based on GEX (5-7 DTE) The GEX levels provide critical insights into market dynamics, with 607 acting as a strong resistance zone and 600 as a key support. Utilizing options expiring in 5-7 days (Jan 30, 2025), we can position trades for both bullish and bearish scenarios while minimizing the impact of time decay. Bullish Option Strategy: * Buy Call: * Strike: 607 (ATM) or 605 (slightly ITM). * Expiry: Jan 30, 2025. * Entry: On a confirmed breakout above 607.82. * Target: Resistance at 610-612. * Stop-Loss: If SPY falls below 605. Bearish Option Strategy: * Buy Put: * Strike: 600 or 599 (slightly OTM). * Expiry: Jan 30, 2025. * Entry: On a confirmed breakdown below 605. * Target: Support at 599.56 and potentially 595. * Stop-Loss: If SPY climbs back above 606. Why 5-7 DTE Options? * Lower Theta Decay: Allows trades to develop over a few days without rapid value loss. * Controlled Risk: More time to adjust positions or exit with minimal losses. * Flexibility: Captures both intraday moves and multi-day trends. Trading Tip: Stay Flexible While the 1-hour chart shows bullish momentum, the negative skew (-17.9%) and GEX resistance at 607 suggest caution. Monitor price action closely at key levels, and don’t hesitate to switch bias if the market conditions change. Conclusion:
SPY’s price action and GEX levels highlight critical opportunities for breakout or pullback trades. Use a combination of chart-based entries and 5-7 DTE options to maximize profit potential while minimizing risk. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. 🚨
AMEX:SPY
by BullBearInsights
SPY at a Key Inflection Point! Trading and Options Insights You Technical Analysis for SPY: * Current Price: $607.50 * Trend Overview: SPY is currently trading within an ascending wedge pattern. This structure is often indicative of a potential pullback, but a breakout above the upper trendline could signal bullish continuation. * Key Levels: * Resistance: $610.78 (Recent high and top of the wedge). * Support: $600 psychological support, $592 for stronger confluence with the lower trendline. * Momentum Indicators: * MACD: Showing slight bearish divergence; potential short-term consolidation or pullback. * Stochastic RSI: Oversold levels signal reduced momentum but indicate a potential reversal opportunity. Gamma Exposure (GEX) and Options Analysis: * Options Activity: * Call Walls: * $610 with 94.83% GEX Call Resistance (Key for upward breakout). * $615 and $620 as upper resistance layers for bullish scenarios. * Put Walls: * $600 with a 90.2% Put wall presence. * $590 as the strongest support with concentrated negative GEX. * IVR: 11.4, signaling lower implied volatility. * Options Strategy: * Bullish Setup: Look for an entry on a breakout above $610 with a target of $615-$620. Use $600 as a trailing stop. * Bearish Setup: Consider bearish spreads targeting $600 if price fails to sustain above $607. Actionable Trading Plan: 1. Scalping Outlook: * Monitor price action near $607-$608. Quick intraday bounces or rejections can offer opportunities. 2. Swing Outlook: * A sustained breakout above $610 can confirm bullish momentum; set targets at $615, then $620. * Below $600, prepare for a retest of the $590-$592 zone. Conclusion: SPY is showing signs of consolidation near its highs, and key levels like $610 and $600 will play a crucial role in determining its next direction. Options activity aligns with resistance near $610 and major support near $590. Stay vigilant with stops and manage risk appropriately. Disclaimer: This analysis is for educational purposes only. Always do your own research and trade responsibly.
AMEX:SPY
by BullBearInsights
Spy monthly Its hitting the 2 extenxion on the fininacci retracement at 610 611 also previous high on the daily chart december 6th high is 609 so makes since to retrace here . I bought many put options today deep in the money i think thats a major resistance now , the macd on the monthly shows bulls losing monentum . I am expecting a correction to start end of month or february . I can take the loss and close the options if they push it above 610 . Not a recomendation just my thoughts
AMEX:SPYShort
by Todopoderoso
SPY 30-Minute Trading Session Tomorrow-Jan 29Trend: Consolidating in an upward channel. Resistance: $610.78 (key), $604.50 (minor). Support: $599.37 (mid-channel), $589.78 (bottom). Indicators: MACD shows mild bullish momentum. Stochastic RSI suggests oversold conditions. Scenarios: Bullish: Entry above $604.50, target $610.78, stop-loss $602. Bearish: Entry below $599.37, target $589.78, stop-loss $601.50. Note: Watch for potential market open volatility; request updates if needed. GEX sentiment zones: Key Observations: 1. Transition Zone (Blue Box): * The current price is trading within the Transition Zone (~$600 to $610). This area indicates mixed GEX sentiment, where the price is likely to remain range-bound until it breaks decisively above or below. 2. Mildly Bullish Zone (Green Box): * Above $610, the green zone extends toward the CALL resistance at $615 and ultimately toward $620. * A breakout above $610 suggests bullish momentum with a target around $615. If momentum is strong, a gamma squeeze could push it toward $620. 3. Mildly Bearish Zone (Red Box): * Below $600, the price enters the red zone, with PUT support around $595. * A breakdown below $600 would likely target $595 as the next stop. A break below $595 could lead to further bearish pressure down to $590 or the extreme bearish zone. 4. Extreme Zones: * Extreme Bullish Zone: Beyond $620, indicating a strong gamma squeeze. * Extreme Bearish Zone: Below $590, signaling a potential negative gamma squeeze with increased volatility. 5. Options Oscillator: * The IVR (Implied Volatility Rank) is 17.6, indicating low relative volatility. * The GEX is predominantly positive (61% CALLs), slightly favoring bullish sentiment, but the proximity to the Transition Zone means caution is needed until a decisive breakout. Trading Plan for Tomorrow: Bullish Scenario: * Entry Trigger: If SPY breaks and holds above $610. * Targets: 1. $615 (Initial CALL resistance). 2. $620 (Extreme Bullish Zone boundary). * Stop Loss: Below $608 (inside the Transition Zone to avoid false breakouts). * Strategy: Look for increased volume and momentum as confirmation. Scale out at $615 and $620. Bearish Scenario: * Entry Trigger: If SPY breaks and holds below $600. * Targets: 1. $595 (First PUT support). 2. $590 (Extreme Bearish Zone boundary). * Stop Loss: Above $602 (to manage risk within the Transition Zone). * Strategy: Monitor for a breakdown with significant selling pressure. Scale out at $595 and $590. Scalping Suggestions: 1. Use the 1-minute and 5-minute timeframes for precision entries around $600 (key pivot). 2. Watch the volume and price behavior near $610 or $600: * Consolidation near $610 could lead to a breakout (go long). * Rejection at $600 could lead to a breakdown (go short). 3. Avoid trades within the Transition Zone ($600–$610) unless you see clear momentum. Key Levels to Watch: * Resistance: $610, $615, $620. * Support: $600, $595, $590.
AMEX:SPY
by BullBearInsights
SP 500 head n shoulder and cup n handle ?? The chart posted can be counted two ways if a bullish move is about to start First I want to express that the cycles are only holding up till feb 12/13 .So I can count this decline as wave 2 in the 5 waves up forming But the target 6128 was perfect math in which wave a x 1,618 = wave c for wave B top if the bearish count is the right one it would have more downside and it would drop 5861 plus or minus 2 then a bigger rally. But lets talk about this being wave 2 down wave 3 of 5 of 5 would see the rally from today low advance to two targets and both should be within 3 pts First 6183 is where wave 3 is .618 of wave 1 second is 6235 plus or minus 3 I would be VERY CAUTIOUS and look for 6183 The sox index is now ending my first 5 waves down in the bear market in SOX=SMH we should now see a weak ABC rally back to 248/252 . The forecast in SOX was PERFECT and has much much more downside this year. IN the QQQ we should now see a rally 531 alt 537Best of trades WAVETIMER
AMEX:SPY
by wavetimer
SPY/QQQ Plan Your Trade For 1-28 : Temp Bottom PatternToday's SPY Cycle Pattern is a Temp Bottom. After yesterday's big breakdown and consolidation, I believe the SPY will attempt to identify support, possibly near 597, and attempt to move higher a bit today. Ultimately, a Temp Bottom pattern is where the price seeks out support (moving downward or retesting recent support levels) and then rolls to the upside, creating a base/bottom type of pattern. The QQQ should follow the same pattern. Gold and Silver seem trapped for the next 2-3 days (possibly melting a bit higher as the US Dollar appears to be moving downward a bit). I don't see Gold/Silver starting to make any big moves until Jan 31 or in early Feb. Bitcoin will likely stall out, just like the SPY/QQQ, over the next 2-3 days, then move into a downward price phase - attempting to move back towards $92k. I believe the markets are stalling and in a bit of shock at the moment. Don't get too aggressive in any trades unless you are confident in your ability to manage risk levels. Some sectors/symbols will trend. But the SPY/QQQ will likely stall out for another 2-3 days before making another big move. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
20 YEARS OF SPY: IS THE BOTTOM IN?Hello Friends! This is a 3 Week chart of SPY, showing you the past 20 years of price action... From the 2001 dot com bubble, to the 2022 recession, to today in 2023 I decided to explore the possibility of the bottom being in and developed a thesis based on this Taking a look at the 3 Week MACD, we can see multiple golden crosses as highlighted by the YELLOW CIRCLES Each and every single time the 3 Week MACD Golden Cross has occurred... It has triggered a multi year long bull cycle for the S&P 500 as shown via historical analysis. The ONLY TIME this led to a fakeout was during the 2001 Dot Com Bubble era... From Approximately October 1, 2001 to February 14, 2002, SPY was rallying and shows signs of tremendous bullish action. However, turmoil came back in the Bears were in control once again. The only reason markets continue to crash after February of 2002 was because the price had moved below the 50 WMA as indicated by the giant arrows Due to weakness in SPY's price action during 2000 - 2002, we were never able to recover ABOVE the 50 WMA and crashed further as a result UNTIL the RSI BOTTOMED below 30 Fast forward to the 2010s, looking at 3 Week price action from December 2011 to the 1st half of 2020:::: You can see golden crosses on the RSI & MACD correlate immensely with multi year bullish price action And I'd like to come to today as an example... As of February 16, 2023, SPY is currently holding above the 50WMA level of approximately $401 if we can close above here on March 6, 2023. We will usher in the next Multi year bull run! We are seeing welcome signs of a bullish reversal taking place, such as the 3 Week RSI continuing to show STRONG signs of bullish divergence playing out since May 31, 2022 The 3 Week RSI Golden Cross in combination with the 3 Week MACD likely also about to close a Golden Cross shows that this market is strong, the bulls remain in control for now, despite these turbulent times Now I am no financial advisor, but my best advice right now is the following::: hope for the best, and prepare for the worst!
AMEX:SPY
by Jonalius
82
Uptrend for the next 10 days The market will go up for the next 10 days. I am using the Heikin Ashi candlesticks as they: 1) show more of a directional movement within candlesticks, 2) they tend to filter out the market noise so you can see the market direction better, 3) it reduces false signals, allowing you to stay in the trade longer, and 4) gives you a smoother appearance making it easier to see trends and reversals. Typically, I would wait until there are 2 green Heikin Ashi green candlesticks before entering. I still tend to switch back and forth between Heikin Ashi candlesticks and regular candlesticks since regular candlesticks are what I am familiar with and have been using since I started trading. I use the MacD, the Stock RSI and the DMI to assist me with the direction of the market. I am anticipating a bull trend for the next while as the 30 min, 1 hour, 2 hour, 3 hour and 4 hour indicators are already looking bullish. The rest of the time frame indicators should change shortly. I have a few targets. In the past I have said the market is usually moving about 34 points, but I think it will make a less of a move this time due to the Stock RSI only being slightly lower as it is not starting close to 0. If you look at some of the past moves, the market moved around 20 points such as from July 1 to July 16, Oct 7 to Oct 17 and Nov. 20 to Dec 6th. As well, if you look at the Stock RSI on the daily charts, it has only declined a little. So even with it turning soon, it only has a little way to go upward. Typically, I would wait until there are 2 green Heikin Ashi green candlesticks before entering. I still tend to switch back and forth between Heinkin Ashi candlesticks and regular candlesticks since regular candlesticks is what I was using since I started trading and there are still some benefits I get from regular candlesticks. The targets I have in place are: 22 point move = 616 1.618 Fibonacci move = 619.35 10 day move = Feb 12 If it hits one of these targets, I am out of my trade. My stops are: 1) the low of the previous candlestick, 2) 2 red Heikin Ashi candlesticks, 3) a specific dollar amount of a total loss for my trade or 4) a specific dollar amount of the contract. Happy trading everyone!
AMEX:SPYLong
by Princessgirl
Nothing bad happendThe US markets fell sharply today. The S&P500 lost almost 2%. Many investors, especially on social media, are wondering whether the “Trump Rally” is now over. I think this is extremely unlikely. As is so often the case, markets tend to exaggerate, both upwards and downwards. The price slide was triggered by news from China. Th AMEX:SPY ere, the start-up “DeepSeek” has announced that it has AI models that work just as well as their US counterparts at a much lower price and with less data. This will certainly not have a lasting impact, but it should make us aware that the AI party will be over at some point.
AMEX:SPYLong
by Ichimoku-Trading
Technical Analysis and GEX Insights for Jan 22Technical Analysis * Trend Overview: SPY is showing a recovery from recent lows, pushing towards key resistance levels at $605-$606. * Support Levels: * Immediate support near $599-$600. * Major support at $575, aligning with prior lows. * Resistance Levels: * Immediate resistance at $604-$606 (Gamma Wall and Call resistance). * A break above $606 may lead to $610 as the next target. * Momentum Indicators: * MACD: Momentum has flattened but remains in bullish territory. * Stochastic RSI: Overbought conditions suggest caution for buyers as a pullback could occur. Gamma Exposure (GEX) Analysis * Highest Positive NETGEX: $606, acting as a significant resistance zone. * Call Walls: * $606: Strong 2nd Call Wall resistance (65.98% GEX concentration). * $603: Another layer of resistance but less significant. * Put Walls: * $596 and $595: Immediate levels of put support, which could act as downside protection. * HVL: $600 as the High Volume Level, supporting bullish activity above this level. Actionable Trade Setups Bullish Scenario: * Entry: Above $605, with confirmation of volume breakout. * Target: $610 and potentially $615. * Stop-Loss: Below $600 to manage downside risks. Bearish Scenario: * Entry: Below $599, especially if $596 is breached with momentum. * Target: $590 and $585. * Stop-Loss: Above $604 to minimize losses. Outlook SPY's upward movement is promising, but overbought conditions and strong resistance near $606 warrant caution. Bulls need a clean breakout above $606, while bears could capitalize on any weakness below $599. Disclaimer: This analysis is for educational purposes only and not financial advice. Please conduct your own research and trade responsibly.
AMEX:SPY
by BullBearInsights
3
META - Technical Analysis for Trading & GEX Option Analysis1. Technical Analysis for Trading * Trend & Price Action: META is showing bullish momentum, breaking previous resistance levels. The price is forming a rising channel and steadily trending upwards. * Support Levels: * $612.50: Immediate support marked as the HVL. * $600: Strong psychological support near the 3rd PUT Wall. * $588.55: The lowest support visible on the chart. * Resistance Levels: * $637.40: The current price is testing this resistance near the highest positive NETGEX wall. * $650: Next critical resistance level with GEX influence. * Indicators: * MACD: Positive histogram with the MACD line above the signal line, confirming upward momentum. * Stochastic RSI: Overbought levels indicate caution for short-term pullbacks but align with the ongoing bullish trend. * Volume: Increasing volume supports the upward movement, validating the breakout above $630. 2. GEX Option Analysis * Gamma Exposure Levels: * $637.50 (Highest positive NETGEX/Resistance): Strong gamma resistance; a breakout above this level could trigger a further rally to $650. * $630 (2nd CALL Wall): Previous resistance now acting as support, indicating bullish sentiment among option traders. * $600 (PUT Wall): Minor support indicating limited bearish pressure below this level. * Option Insights: * IVR (Implied Volatility Rank): 48.9, indicating slightly elevated IV compared to historical levels. * IVx (Implied Volatility Index): 47.2, suggesting moderate IV with potential for significant moves. * Call-to-Put Ratio (Call$ %): 38.5% of gamma exposure is call-focused, reflecting bullish dominance in the options market. 3. Strategy & Action Plan * Bullish Trade Setup: * Entry: Near $630 or on a breakout above $637.50 with confirmation. * Target: $650 and potentially $660. * Stop-Loss: Below $625. * Bearish Trade Setup (Pullback Scenario): * Entry: On rejection from $637.50 with confirmation. * Target: $612.50. * Stop-Loss: Above $640. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and manage risk appropriately before trading.
AMEX:SPY
by BullBearInsights
$SPY Analysis, Key Levels and Targets for Today & TomorrowThe expected move for today is between 606 and 613 and that is a .54% move today and the only level we have in our trading range today is that 35 EMA you could see it’s been a pretty support all week and then we have that up gap from This Wednesday, which could give some added support at the bottom of the trading range. Monday’s contract at the bottom takes us in the middle of that gap and with how extremely overbought we are that 50 day moving average could be a really great target for next week.
AMEX:SPY
by SPYder_QQQueen_Trading
$SPY Price Action Analysis on Three TimeframesHey there! Let`s look at the update on my recently published idea. Reminder: one of the key concepts I've embraced in technical analysis is the idea of lower highs & lower lows, as well as higher highs and higher lows. Understanding these patterns has really transformed the way I approach trading and my personal fear & green control during the different market regimes. 📈 Speaking of these patterns, let's check out this simple and clear Big Picture. 📊 Here's a quick snapshot: We have SPY analyzed on a monthly, weekly, and daily basis. Check out the chart for more details. After this angle, is today`s Market Bleeding & Mass Media news so scary? Stay tuned! 🚀 PS: Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. --- **Disclaimer:** This research abstract is created and is intended solely for informational and educational use. It does not consider the specific investment needs, objectives, or risk tolerances of its recipients. The author`s actual investment positions may differ from the views presented in this post due to different factors. This content is strictly for informational and educational purposes. --- #Beyondtechnicalanalysis #ChartPatterns #Trend Analysis #SPY
AMEX:SPY
by ChartsPlusFun
SPY: Technical Analysis for Today's Trading - Jan. 28Market Overview * SPY is currently consolidating near the $601 level after recovering from the recent dip to $589. * Immediate resistance levels include $607 (pre-market high) and $610.78 (major resistance from the GEX). * Key support levels are $600 (psychological level) and $589 (yesterday’s low). * The 30-minute chart shows an overall upward trend within a tightening range, suggesting potential for breakout or breakdown depending on the broader market sentiment. Gamma Exposure (GEX) Metrics * Call Walls: * $610: Highest positive NETGEX, indicating strong resistance and possible profit-taking zone. * $615 - $620: Additional upside targets if momentum strengthens. * Put Walls: * $590: Highest negative NETGEX, acting as critical support. Breach below could trigger strong selling pressure. Options Metrics * IVR: 24.4, suggesting moderately low implied volatility, offering limited premium opportunities for scalpers. * Put/Call Ratio: 69.3% PUTs, indicating bearish sentiment among options traders. Scalping Strategy Bullish Scenario * Entry Point: Above $602 after confirmation of volume and momentum. * Targets: * First Target: $607 (PMH/Pre-Market High). * Second Target: $610.78 (Key GEX resistance level). * Stop-Loss: $600 (ensure a tight stop to minimize losses if momentum fails). * Indicators to Watch: * Stochastic RSI: Look for oversold reversal near the 50 level on the 30-minute chart. * MACD: Ensure bullish crossover confirmation before entering long positions. Bearish Scenario * Entry Point: Below $600 with strong downside momentum. * Targets: * First Target: $595 (midpoint support). * Second Target: $589 (previous low and major support). * Stop-Loss: $602, as reclaiming this level would invalidate the bearish setup. * Indicators to Watch: * Volume spikes accompanying the breakdown of $600. * MACD crossover below the signal line for confirmation. Scalping Tips 1. Risk Management: Maintain a risk-to-reward ratio of at least 1:2 for all trades. 2. Execution Speed: Trade with tight spreads and monitor key levels closely for rapid changes in momentum. 3. Market Sentiment: Keep an eye on broader indices like QQQ and DIA for correlation and potential sector rotation cues. Outlook for Today * SPY's range is likely to remain between $600 (key support) and $607 (resistance) during the morning session. * A breakout above $607 could push SPY toward $610.78, whereas a failure to hold $600 might trigger a retest of $589. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade with caution and manage risk appropriately.
AMEX:SPY
by BullBearInsights
$SPY January 29, 2025AMEX:SPY January 29, 2025 15 Minutes. AMEX:SPY was around 604 levels most of the time yesterday. This sideways helped the moving averages to rise. Also 604 was 61.8% retracement for the larger fall from 610 to 594 levels. Hence was resisted yesterday. It was also 1.618 extension for the rise 594 to 599 to 596 level. Today holding 602 levels i have a target 606-607 levels. I will sell below 600 for 598.5 levels. R: R on sell is not much favorable. So, i will not sell at the moment.
AMEX:SPYLong
by RiderTrader