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$SPY Trading Range for Monday Jan 3rdAll right this trading range is based on the one standard standard deviation movement off of Friday’s closee We gapped down underneath the downward facing one hour 200 moving average into the up gap from January 17 which was a previous support on January 27. Now we are underneath it. We’re making lower lows and we also gapped underneath the 30 minute two hundreds moving average and the 50 day moving average so look to those levels as resistance for now. Below us we have an island gap that needs to be filled and it’s really close. I wouldn’t be surprised if we head there next .
AMEX:SPY
by SPYder_QQQueen_Trading
11
Using Fib lines to display high probablity entries and exitsI have found that Fibb Numbers can be highly effective and does not lag like an indicator. These numbers can be used to visually validate pullback and bounce zones, predict the closing price, validate a healthy trend, and show areas to take profit. using these numbers will allow the trader to visually understand how price may move. It is key to wait to validation of the level the market price comes to test. These numbers can also be used in tandem with indicators and the Gann box to further validate what is happening. It is key to use the on a time frame higher than 5 minutes to gain a view of the overall trend for the day or week. I prefer using the 15 minute time frame to view and the 5 minute time tame to validate. These levels can be used on areas of previous price moves to guide a trader before the move even happens. Using the lines allows you to really hone in on what price is showing you, where you are wrong and need to get out of way, and when to add to a winning position. Use these concepts with an institutional investors mindset. When a market is trending pullback occur from retail traders emotions causing them to sell early out of there winning positions. On these dips institutions add to a winning position because they have an edge and sense of calmness and validation provided by the fibbonacci levels. An extreamley important aspect of profitability is keeping a consistent risk to reward, cutting losers short, and letting winners to run. It is key to follow what the number are showing you and be patient for the price to validate your theory. Than an entry is taken when it is most clear that the trend is going to continue. If you are in a winning position start to think of ways to plot the next line array. use the previous legs pullback to project an upper array of numbers that may provide confluence. Volume coming into the market at these levels is also very tell tale sign this move may have institutional support. Trust the number and their properties. Avoid trading with your ego trying to predict a direction, bias, or outcome. Simply observe a trending market and let the Fibs do the rest of the talking.
NASDAQ:QQQ
by GiancarloZacc
1
$QQQ Anlaysis, Key Levels & Targets for Feb 4 2024So the trading range for QQQ has a lot of moving averages running through it possible support we did reclaim the 50 day moving average that one hour two and moving average is still pointing down here the 30 minute and the 35 EMA is trading still bullish and we just filled that gap. The top of the implied move is at 525 and I would be looking at 526 527 bear call spreads or 527 528. ( that’s where I have my condors and I will add spreads there when challenged)
NASDAQ:QQQ
by SPYder_QQQueen_Trading
1
The SPY will go up for the rest of the weekThe market will go up for the next 3 more days. I am using the Heikin Ashi candlesticks. Why Heikin Ashi candlesticks? 1) They 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. 4) And, it gives you a smoother appearance making it easier to see trends and reversals. (This information is from Dr. Keith Wade who speaks at the Wealth365 Summits.) 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 not perfect at them. I will hopefully try to explain these in future trading charts. I personally find: * the 5 minute indicators typically represents what will happen in the next half and hour. * the 10 minute indicators typically represents what will happen in the next hour. * the 30 minute indicators typically represents what will happen in the daily. * and, the hour indicators typically represents what will happen in the next week. I am anticipating a bull trend for the next few days as the 30 min, 1 hour, 2 hour, 3 hour and 4 hour indicators are already looking bullish. 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 if it turns soon, it only has a little way to go upward. As well, it is hitting a resistance around 610. I think the market will bounce back and forth between 610 and 590 for a few more weeks. Typically, I would wait until there are 2 green Heikin Ashi green candlesticks before entering. The targets I have in place are: 20 point move = 610.42 1 Fibonacci move = 610.59 5 day move = Feb 7 If it hits one of these targets, I am out of my trade. And I will even shave a little off, so if it hits 609, I will be out. My stops are: 1) the low of the previous Heikin Ashi candlestick, 2) 2 red Heikin Ashi candlesticks, 3) a specific dollar amount for a total loss for my trade or 4) a specific dollar amount per contract. If it hits one of those stops, I am out of my trade. Lastly, I believe tomorrow it may go lower as I find the 3rd day typically moves sideways or goes lower. And some of the shorter term indicators are looking weak. I really encourage you to draw a chart yourself. The first chart is the most nerve racking, but I have learned the most through drawing charts. I am trying to take trading classes through Udemy, mostly because they are cheap. LOL! I usually wait for a sale where the courses are as low as $14.99 instead of over $100 per course. They have sales a few times per year. Just keep checking the website. I am NOT affiliated with this company in any way. I am just trying to tell you where I have found cheaper courses online to learn more. www.udemy.com I always try to attend Wealth365 Summit which is held about 4 times a year where I always pick up some more useful information. Again, I am not affiliated with this company in any way. www.wealth365.com My chart is not guaranteed and I am still learning. Trade at your own risk. Happy trading everyone!
AMEX:SPYLong
by Princessgirl
2
IwmMajor ascending broadening wedge here .. this is a huge Bearish pattern that I think will take IWM back to 198 and possibly 165. The question is , do we tag upper boundary around 250 before it happens? Let's look closer at the last 2month price action... Bulls will say it's a pennant that will push IWM to 250 Bears see a bear flag What do I see ? 226.50 is tough resistance.. I think price will reverse from there and close 219.70 gap close... 226.50 is tough horizontal resistance and also weekly 20sma Below 219.00 and we head back to 215 support. Below 215.00 and ascending wedge is activated and we are heading to 198.00 Strong long only over 232.00 226-232. Is chop and trap area .. Wether IWM makes a new high or not this pattern to 160-190 will play out this year This is a zoomed out picture of the weekly.. only broke it once in the fall of 2020 crazy IPO run
AMEX:IWM
by ContraryTrader
6
$SPY Analysis, Key Levels & Targets for Feb 4 2025So in today’s trading range, we are just a little bit above the 50 day moving average that level is in focus above that we have the 30 minute timeframe 30 minute trading under the 35 EMA that is still bullish. There’s not a whole lot of momentum Here right now we got pushed back from all time highs last week and pushed right back to the 50 day moving average, which is flat, and the one hour 200MA which is also flat. (From down) We do have a support level after filling that gap at 590 on the day. Overall, the general momentum looks pretty flat with a bar gap in the upper part of the trading range . I have iron condors, and iron butterflies on from yesterday so the flatter the better today for me.
AMEX:SPY
by SPYder_QQQueen_Trading
$DIA Analysis, Key Levels & Targets for This week Feb 3-7This is still the trading range for the week. I re-calculated everything after yesterday’s one standard deviation trading range because of the overnight gap down, but this is the implied move from the beginning of the week. Momentum on that 50 day moving average is starting to slow down but overall DIA looks pretty healthy here. That 50DMA is running along the bottom of the epected move so I feel very comfortable with my bottom spreads - I wouldn’t be surprised to see a bit of sideways maybe this week. We did see a lower low from recent all-time highs so that is note worthy. Personally, I would like to see more down, but momentum is still up so if we do go down, it will be as slow move. Or more likely just sideways consolidation 437 to 452 is this weeks trading range - so far we are right in the middle of it. I have iron butterfly from Friday and condors also from Friday with wings at 437 and 455 that i will add to if tested
AMEX:DIA
by SPYder_QQQueen_Trading
Gold price is going to correct soon. long term TP: 269, 302 andAs trade tensions, economic uncertainty, and geopolitical conflicts escalate, gold’s price movements will be the most reliable indicator of investor sentiment. With tariff battles intensifying and China realigning its trade alliances, the traditional financial system may be entering a new, volatile phase. If history is any guide, gold may be the only true measure of global anxiety—and the only real insurance policy against economic upheaval. 📈 Gold remains the ultimate hedge in a fractured world. Watch its price—because it just might predict the future. Gold price is going to correct soon. long term TP: $269, $302 and $345
AMEX:GLDLong
by minichartsg
TLT entry point at 89, take profit at 110, good luck guys!As we predicted in previous analyses, Trump's populism knows no bounds, which is why over the next four years we will continue to witness numerous statements, threats, promises, and their softening when it comes to implementation. This was Trump 1.0, and this is what Trump 2.0 will be like over the next four years. He is afraid of a stock market crash, he fears the numbers, he fears inflation, and he fears high interest rates. A new attractive entry point for TLT could be 89. And over the next 1-2 years, expect it to reach 110+. 10y market promises ~3.5% yield.
NASDAQ:TLTLong
by gorgevorgian
$IWM Analysis, Key Levels & Targets for Feb 4 25CRITICAL LEVEL - for the 35EMA and the 30 min 200MA - It can bounce here and we remain bullish - or we bring the 35EMA under the 30min 200 and its bear time... IWM right now is seeing a little bit of resistance around the 225 level which is so funny to me how often we see that level. We’re at the 30min 200 MA and the 35 EMA just above us and that is a critical level if we are going to stay bullish, then we will bounce here and if not, the 35 EMA will come underneath the 30min 200 MA. this is a big level here. We also have that down gap from yesterday that we are currently right at and seeing a bit of resistance. The top of the expected move is at 228 today and that is just underneath the 50 day moving average and then tomorrow’s top of the expected move is 229 which is just above the 50DMA To the downside, we still have a little bit of that island gap open. We closed about half of it out yesterday and the other half is down there near the bottom of the implied move at 220 and 219.
AMEX:IWM
by SPYder_QQQueen_Trading
Technical Analysis for SPY (30-Minute Chart) - February 5Market Structure Analysis * SPY is consolidating near the $599-$600 level after a recent bounce off the $590 support zone. This indicates a short-term range between $595 and $601. * The MACD is flat and slightly bullish, suggesting indecision but with a potential upward momentum if buyers sustain pressure above $600. * The Stochastic RSI is near the overbought zone, signaling caution for potential pullbacks or consolidation. GEX (Gamma Exposure) Insights * Put Wall: Significant put support at $590, indicating strong downside protection. * Call Resistance: Notable resistance at $610 and $615, suggesting a challenging path for SPY to break above these levels in the current session. * Gamma Bias: With 71.8% puts, the market sentiment leans bearish, but the strong gamma support at $590 suggests limited downside. Directional Bias * The GEX data and technical levels indicate a neutral-to-slightly-bullish bias as long as SPY holds above $595. If the price breaks below this level, expect increased bearish momentum. Trading Suggestions 1. Call Option Strategy: * Buy a 7 DTE call option if SPY breaks above $601 with strong volume. * Entry: Above $601 * Target: $605-$610 * Stop-Loss: Below $599 2. Put Option Strategy: * Buy a put option if SPY breaks below $595 with increased selling volume. * Entry: Below $595 * Target: $590-$585 * Stop-Loss: Above $597 Key Levels to Watch * Resistance Levels: $601, $605, $610 * Support Levels: $595, $590, $580 Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always do your research, manage your risk, and consult a financial advisor before trading. The GEX indicator updates every 15 minutes; check real-time data for informed decision-making.
AMEX:SPY
by BullBearInsights
$QQQ Trading Range for Feb 3rd 2025So we are at the bottom of the one standard deviation move off of last Friday’s clothes which is 512. This could be the bottom of the day heading up towards the 50 day moving average and if we do drop a little bit lower 511 is on Tuesday’s contract and then we have a support gap underneath that so for the day very likely we are close to the bottom here but of course we have a terror in the White House so we don’t know But I’m gonna call this bottom looking for a move back up to the 50 day moving average
NASDAQ:QQQ
by SPYder_QQQueen_Trading
SPY/QQQ Plan Your Trade Feb 3, 2025 Afternoon UpdateWell, it seems everyone did quite well playing my prediction of a breakdown (again) in the markets today. Last week, I continued to warn the markets were very fragile and would likely break downward aggressively. Of course, the political drama (tariffs) helped to move the markets a bit this weekend. But, still, it was great to hear from everyone who made a healthy profit today. GET SOME. I also have been getting questions about the RALLY - RALLY - (counter-trend) RALLY setting up on Tuesday, Wednesday, and Thursday this week. So, I created this video to help you understand why I believe those RALLY days will be rather muted on Wednesday/Thursday and maybe a type of topping pattern on Tuesday. I see the markets as breaking downward (breaking away from the dual Excess Phase Peak patterns), and because of that, I see the markets should attempt to move aggressively downward over the next 15+ days. I don't see any reason for the markets to mount a big rally right now - unless we are talking about a pullback in a downtrend. So, watch this video, pay attention to what I see, and then we'll see how things play out. Go GET SOME. This is a true trader's market. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
Opening (IRA): SOXL March 21st 20 Covered Call... for an 18.21 debit. Comments: Adding to my current position at strikes better than what I have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 18.21 Max Profit: 1.79 ROC at Max: 9.83% 50% Max: .90 ROC at 50% Max: 4.91% Will generally look to take profit at 50% max, add at intervals assuming I can get in at strikes better than what I currently have on, and/or roll out short call if my TP is not hit.
AMEX:SOXLLong
by NaughtyPines
TLT BONDS ELLIOTT WAVE ANALYSIS - MOVE FORWARD©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master Designation). Conclusion: TLT BONDS continues to move higher, expected at 90.92 - 92.63. Wave 1-grey may have just ended, and wave 2-grey is starting to move higher as ((a))((b))((c))-navy, expected to target around 90.92 - 92.63. While price must remain below 94.85 to maintain this Bearish view. On the other hand, the ALT scenario shows no further push lower, instead, wave (B)-orange has just ended, and wave (C)-orange is moving much higher, expected to reach 101.64. The key to triggering the ALT is a break above the 92.63 level.
NASDAQ:TLTLong
by ShaneHua
$QQQ Analysis, Key Levels & Targets for Day Traderswow guys look at how much chaos is in our trading range today. We are trading in between the 50 day moving average to 30 minute two and moving average to 35 EMA and the one hour 200 moving average we’ve been sideways for the past two days in between those levels, if that we have island and then 528 as the top of the expected, move and if we break underneath it 513 is the bottom of the expected move today. Intense.
NASDAQ:QQQ
by SPYder_QQQueen_Trading
$IWM Trading Range for Feb 3 2025IWM dropped right into the island gap at open, which was near 221 which is the bottom of a one standard deviation move off of last Friday’s close. So I think this is where we’re going to see bottom on the day that I’m not calling bottom for a larger downturn but for the day, yes a possible move back up to one hour to average which as you can see is still pointing down and we did drop back underneath it. So 221 is where I think we’ll see bottom of the day.
AMEX:IWM
by SPYder_QQQueen_Trading