SPY 65 MinutesNeed to recapture 590 or we dial 911.
Looking at 65 minute timeframes, seems to me that we need to get 590 by friday so the bull parade gets going
SPY trade ideas
SPY GETS FROTHY
We might see all post election gains erased before year end, are you a BULL or a BEAR...... is the Santa rally over?! What say you?
SPY to $585?: EOY Price TargetUsing the Magic Linear Regression Channel on TradingView.com we look at some possible scenarios for SPY price movement. A shorter term regression channel shows SPY at the top of the channel and rejecting it today - even with more buyers than sellers in the TradingView Volume Footprint chart view.
The bottom of the channel converges with last pivot low near $584. It could conceivable go lower, but with lower volume likely during the holiday season, it would seem less likely for it to make any more big moves barring some major unexpected event.
S&P500 ETF SPY Testing Support📉 ** AMEX:SPY Testing Key Support!** 📈
The **S&P 500 ETF ( AMEX:SPY )** is pressing against a critical support level — the **green trendline** that's been a pivotal bounce zone for months. Will it hold or break? 🤔
🔍 **What’s driving the move?**
- 🔥 **Hawkish FOMC Outlook**: The Fed now sees **fewer rate cuts in 2025 (2 vs. 3 expected)**, keeping rates higher for longer.
- 📢 **Geopolitical Risks**: Powell noted some Fed members are factoring in possible **Trump-era policy risks** (think tariffs & deportation) into their forecasts.
- ⚠️ **Market Reaction**: Growth stocks are under pressure as higher rates impact valuations.
📊 **Why It Matters?**
- If AMEX:SPY holds the support, we could see a technical rebound. 🚀
- A breakdown below the green line could signal further downside risk. 📉
👉 **Traders, are you buying the dip or waiting for the break?**
Drop your thoughts below! ⬇️
Grinch drop, Santa popSPY is at it's 2 year trend channel resistance level. There's very little upside reward left. There's a greater downside risk. The Grinch may try to steal Christmas with a temporary SPY drop towards support. But then a Santa Claus rally will pop SPY back up to it's resistance level.
SPY 2 year trend channel levels:
resistance = 605
pivot = 585
support = 565
trade ideas:
1) collar strategy
hold 100 shares
sell 585 call
buy 605 put
2) buy 605 put
3) short call spread
sell 585 call
buy 605 call
4) long put spread
buy 605 put
sell 585 put
SPY options data:
12/6/24 expiry
Put Volume Total 219,329
Call Volume Total 125,297
Put/Call Volume Ratio 1.75
Put Open Interest Total 750,130
Call Open Interest Total 233,054
Put/Call Open Interest Ratio 3.22
12/13/24 expiry
Put Volume Total 69,042
Call Volume Total 43,893
Put/Call Volume Ratio 1.57
Put Open Interest Total 317,687
Call Open Interest Total 228,869
Put/Call Open Interest Ratio 1.39
12/20/24 expiry
Put Volume Total 336,702
Call Volume Total 139,171
Put/Call Volume Ratio 2.42
Put Open Interest Total 3,273,537
Call Open Interest Total 1,426,800
Put/Call Open Interest Ratio 2.29
12/27/24 expiry
Put Volume Total 13,062
Call Volume Total 14,931
Put/Call Volume Ratio 0.87
Put Open Interest Total 72,224
Call Open Interest Total 59,538
Put/Call Open Interest Ratio 1.21
1/17/25 LEAPS
Put Volume Total 191,268
Call Volume Total 63,574
Put/Call Volume Ratio 3.01
Put Open Interest Total 2,376,812
Call Open Interest Total 855,976
Put/Call Open Interest Ratio 2.78
SPDR S&P 500 ETF Trust (SPY) 2-Hour Time Frame Analysis Current Current Market Overview
As of December 2024, the SPDR S&P 500 ETF Trust (SPY) is showing a bullish trend with the following technical indicators:
MACD : Suggests a buy signal.
RSI : Indicates a neutral signal.
Moving Averages: Both 20-day and 50-day moving averages suggest a buy signal.
Price Action: The support level is at US$600.96, and the resistance level is at US$607.46.
Options Strategy Recommendations
1. Long Call
trade_id: g-663257
Signal: Bullish
Option Strategy: Long Call
Current Price: US$605.57
Strike Price: US$550.00
Expiry Date: 20-Dec-2024
Buy/Sell: Buy
Call/Put: Call
Premium: US$55.46
Stop loss: US$49.91
Take profit: US$61.01
Probability of Profit: 51.4%
Implied Volatility: 96.81%
Max Loss: US$-5546.00
Max Gain: ∞ (infinity)
Break-even price: US$605.46
Days to Expiration: 2
Rationale: This strategy is designed to capitalize on a bullish outlook for SPY, with a high probability of profit and a defined risk-reward profile.
Conclusion
The SPY is currently in a consolidation phase, and the recommended options strategy provides an opportunity to capitalize on potential bullish market movements. The Long Call offers a high probability of profit with defined risk, allowing for profit from significant price movements in the upward direction.
(GET READY) The expected move for FOMC in SPYThe expected move for FOMC in SPY
After making new all-time highs on Friday, December 6, we have been consolidating back to the 30 minute 200 moving average. You could see how we’ve been chopping around sideways along the 35 EMA back to the 30 minute 200 moving average. So we are just above that 30 minute 200 moving average yesterday we closed directly above it with the 35 EMA directly above that and so far this morning we are above those two levels. We are in that down gap from Monday, going into Tuesday so possible level of resistance around 607 and then we have the one hour 200 average at the very bottom of the implied move.
So the implied move is between 600 to 609 and on tomorrow’s contract for Thursday 599 to 610.
I’m taking a little short break from making videos because they are very time-consuming and in December in this month with everything going on I just don’t have time to make them, but I will be getting back to that in January and for now I’ll still be posting these still charts
GL, y’all
$SPY December 18, 2024AMEX:SPY December 18, 2024
15 Minutes.
Downtrend intact.
AMEX:SPY below 50,100 and 200 averages.
Any pull back to 605-606 levels will be shorted.
My Initial target is 600 which is also 200 averages in 60 minutes.
I will go long at the moment only above 608 levels.
Morning Overview: FED Decision W/ Sticky InflationThe FED is set to make a decision on interest rate cuts todays. The market has them priced in already and I doubt the FED wants to surprise markets. Going forward into 2025 I don't think they cut in Q1 for this reason.
This video covers:
* patterns in tech stocks that resemble some climatic activity.
* patterns in consumer stocks
* Trades I currently in
* One Good Trade series trades
* Possible setups for today
Spy Looks Bullish With a 15min bullish FVG forming S&P 500 (SPY) Price Action Analysis
Current Price and Technical Overview
Current Price: $605.28 (as of last close on 17-Dec-2024)
Market Status: Closed
Day Change: +$0.99 (+0.16%)
Technical Analysis Summary
Overall Signal: Bullish
Oscillators: Predominantly 'Hold', with the Momentum Indicator suggesting a 'Buy'.
Moving Averages: Strong bullish signals from short-term and medium-term averages.
Pattern: Breakout above resistance indicates a bullish trend.
Resistance Level: Potential price target near $608.65.
Pivot Point Analysis: Price is above the pivot level of $606.59, supporting bullish sentiment.
News Sentiment
Sentiment: Entirely positive, likely to drive buying activity and support upward price movement.
Interpretation
The technical indicators for SPY suggest a bullish stance. The strong signals from moving averages and the breakout above resistance levels indicate potential for further gains. The positive news sentiment reinforces this outlook, suggesting a likelihood of price appreciation in the near term.
Trading Strategy Consideration
Given the bullish outlook, traders might consider entering long positions or call options on a retest of the pivot level at $606.59, aiming for the next leg up towards the resistance level of $608.65. However, it's crucial to monitor for any signs of reversal or changes in sentiment that could impact this strategy.
SPY Technical Analysis (TA) and GEX Analysis for Dec. 181. Daily Chart (1D)
* Trend: SPY is trading within a well-established upward channel. The price recently hit resistance at the upper channel line (~609), suggesting overbought conditions.
* Support Levels:
* 590: Key short-term support, aligned with the lower EMA support.
* 577-571: Major support zone; a breakdown here signals a bearish shift.
* Resistance:
* 609-610: Upper trendline resistance. SPY has failed to hold above this range.
* Indicators:
* MACD: Bearish divergence forming as momentum weakens while price pushes higher.
* Volume: Strong volume uptick at recent highs, suggesting possible distribution.
Bias: The daily chart signals caution, with a potential pullback to 602-604 (middle channel) or further to 590.
2. Hourly Chart (1H)
* Price Action: SPY shows rejection from the upper resistance (~609) and is trending downward towards key intraday support at 602-603.
* Support/Resistance:
* Support: 602 (highest PUT Wall in GEX), 604 (confluence of EMA and PUT Wall).
* Resistance: 607-608 (CALL resistance).
* Indicators:
* MACD: Bearish crossover; momentum remains negative.
* Trendlines: SPY is testing lower channel support on this timeframe.
Bias: SPY is likely to remain range-bound between 603-607 for now. A break below 602 could accelerate downside pressure.
3. GEX Analysis
* Key GEX Levels:
* 607: CALL Resistance (1.25%). Likely an upper cap.
* 603: Highest negative NETGEX/PUT Support. This level is critical; breaking below it increases bearish momentum.
* 602: Second PUT Wall (-32.62%), significant downside target.
* Options Oscillator: Indicates PUT dominance with 56.9% Puts versus Calls.
* IVR (Implied Volatility Rank): 16.7 — IV remains low, suggesting minimal volatility expectation.
GEX Insight: The options market suggests 603 is the battleground. Bulls need to reclaim 607 to push higher, while bears will attempt to defend the PUT-heavy zones at 603-602.
Trade Outlook for SPY
* Bearish Setup: Look for rejection at 605-607. A breakdown below 603 can target 602, with potential downside extension to 600.
* Bullish Setup: A strong rebound off 603 with volume could signal a push back to test 607. Break above 608 confirms bullish continuation.
Conclusion
SPY remains at a critical juncture near upper resistance. Monitor 603 closely, as a break or bounce here will dictate short-term direction. Options GEX levels highlight a PUT-heavy market, favoring bearish pressure unless bulls reclaim higher ground.
This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk.
Spy Short Well Well Guys, Yes I'm going to continue to go short especially this week with the big big decision of rate cuts Wednesday, if not this Friday or Monday 600 target I'm definitely out of the short position for now!! The New Narrative Trend by the way, is Insane how the results have been so far if you want more info content is out right now about it, generational wealth will be made!! And Yes you can still get in!!! Goodluck Traders and I will Follow Up With Spy on Tuesday
Spy under falls under 605 602 for sure that's when we should see blood in the streets
QQQ forget about it its A short 1st target $528
SP 1 Hour Revised with Bottom Of March 2020SP 1 Hour Revised with Bottom Of March 2020 there are many rectangles
SPY analysis for Dec-18Watch out for important key levels.
Break above $605.85 with bar close will open bullish trade.
Break above $602.15 with bar close will open bearsih trade.
SPY/QQQ Plan Your Trade For 12-17: Momentum Rally PatternToday's Pattern suggests the SPY/QQQ will rally higher - possibly attempting to find a top.
What I find interesting is the big rally in the QQQ/Nasdaq yesterday. Possibly, the Momentum Rally phase hit the NQ yesterday.
Overall, I'm still looking for the markets to attempt to roll into a topping pattern. So, I'm staying very cautious of any big market moves right now.
Yes, if you look at the QQQ/NQ, it looks like the markets are in liftoff mode (bullish), but other data suggests the markets are actually weakening and pulling into a reversion phase.
Gold and Silver will likely find a base/bottom soon. I picked up some Call options on SILJ and GDX recently anticipating the potential rally move.
Bitcoin is well beyond a 100% measured move higher. Even though I believe Bitcoin can rally to 112k - 115k, I'm urging traders to stay cautious (still).
My data suggests the markets are weakening and possibly moving into a pullback/reversion phase.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY Options: Bull & Bear (Week of December 16)AMEX:SPY
Short-term we are looking at a downside trade as we want RSI to cool off a bit. Key levels at $607 and our key pivot of $604.25 last week.
📜 $604 Put 12/31
Entry: Rejection and 15-min close UNDER $607, entry off retest of resistance
🎯 Targets: $604.25, $603.37
📜 $608 Call 12/31
Entry: Breakout and 15 min close OVER $607, entry off retest of support
🎯 Targets: $608, $608.50
Bias for Today: Short with Bearish FVGs or Flip Long on Short with Bearish FVGs or Flip Long entering Calls on the First Bullish Fair Value Gap.
AMEX:SPY "Today's market bias is to open with a short outlook. If bearish Fair Value Gaps (FVGs) start to form and price respects them, I’ll look to enter short positions targeting lower levels. However, if price bounces off these zones and a bullish FVG forms, I will shift focus to initiate long positions on the first bullish FVG that sets up cleanly. Watching for clear confirmations and respecting key price action levels will be critical. Let’s stay adaptive to what the market gives us!"
SPY will drop ... until Christmas.This is going to be quick.... busy right now.
You can look at my other charts to see the explanation of why I use the Heikin Ashi candlesticks.
The SPY is going to drop until Christmas. You can see the indicators on the daily chart shifting towards a downward move.
I believe you will see a zig zag move with this drop.
This week the market will drop.
Starting Monday you will see it move slightly upward as there will be indecision/positivity around the Fed Decision.
After the Fed Decision, the market will drop again until Christmas. This drop will be about the same distance as the drop this week.
The targets I have laid out are on the Chart with the drop hitting around 593 before going back up at the beginning of next week to hit about 601.
(It may not go up this high with the bounce up; it could hit a different level. I will update this post of the different levels it could hit if it hits my 593 target.)
After the Fed decision, it will drop until approximately 585.
I could be slightly off on any one of my targets. And if it doesn't hit 593 by the end of this week, all my other predictions will shift.
Happy trading.
SPY Analysis: Daily & 1-Hour Chart With GEX Analysis for Dec. 17Current Sentiment:
* SPY appears range-bound but leaning bearish near resistance on the Daily chart.
* The 1-Hour chart shows SPY retracing from its recent high around 609, struggling to hold above key support levels.
Key Technical Levels
Daily Chart:
* Resistance: 609.97 (recent high).
* Support: 602.81, 598.40.
* Trend: Uptrend intact, but momentum is stalling. Watch for a potential break below 602.
1-Hour Chart:
* Resistance: 607, 608.41 (GEX Call Wall and prior highs).
* Support: 605, 604 (key demand area), and 602.13 (next major support).
* SPY is showing lower highs on the hourly chart, indicating a short-term bearish bias.
Options Gamma Exposure (GEX)
* Call Wall: 608 (2nd Wall) and 611 (upper wall).
* Put Wall: 604 (3rd PUT Wall).
* HVL (High Volatility Level): 603, suggesting potential support if tested.
* GEX Overview:
* Puts dominate with 40.2%, showing hedging pressures.
* IVR (Implied Volatility Rank): 10.8, IVx avg 12.9% – lower volatility indicates slower moves.
Scalp and Swing Trade Suggestions
For Scalp Trade:
* Short Bias: If SPY fails to reclaim 607, consider a PUT scalp targeting 605.
* Entry: Below 607 with confirmation.
* Target: 605, 604.
* Stop-Loss: Above 608.50.
For Swing/Day Trade:
* Put Option:
* Strike: 605 PUT (Weekly Expiry).
* Entry: On rejection at 607-608 levels.
* Target: 602-604 zone.
* Stop-Loss: Above 609.
* Call Option:
* Strike: 608 CALL if SPY breaks and holds above 608.
* Target: 611-612 zone.
* Stop-Loss: Below 606.
Conclusion:
SPY is showing signs of weakness near resistance, with a short-term bearish setup. A rejection at 607-608 could trigger PUT opportunities toward 602-604. Keep an eye on the 603 HVL for potential support and monitor price action carefully.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage your risk before trading.
SPY: what 's next?SPY: what 's next?
-Swinging reaccumulation in Inside bar candle pattern.
-Some important key level as image attached.
Wait for break!
Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades.
QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week
DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low
IWM - Green today but similar to DIA
Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move.
WATCHLIST:
Bullish :
NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2
Bearish :
NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q
NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other"
NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left
Notable winners from weekly watchlist (posted Sunday 12/15):
ETSY, RBLX, RKLB, OXY, WMT
