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SpyIts looking like 566 will come .. I talked about this sell on Dow,NYA and Iwm in my spy post (See link).. its happening.. once QQQ breaks below 514 spy will target 575 20sma and it may dead cat bounce but the full target is 566... All you have to do is watch QQQ , once 514 goes, its Good night.. I wont go into the technicals because you can go over my previous post on Spy and QQQ and see every thing is playing... If qqq doesnt break 514 then no sell. And for those wondering about a christmas rally , qqq went from 498 to 540 in the first 2 weeks of Dec. U got your rally!
AMEX:SPYShort
by ContraryTrader
15
Ruh Roh, looks like SPY's in trouble..Hey guys, Thought I would do a written post this time because there is a lot of information to share! So, if you follow me, you know I am mostly about math, but I also like to include the chart, some technicals and some fundamentals. And I think at this point in time its very critical to consider all these factors when analyze the price action we see. So SPY is selling. To be honest, I am not surprised of the selling, but I am surprised of the timing. I thought it would wait till January, just chopping around and topping before doing the whole waterfall thing. But it decided to jump on the opportunity with FOMC's news release. We will get into that in one second. So with that catalyst, SPY began its decline, over 2% in one day, closing below a loss of 2% on the day. We then opened slightly gapped up but failed to start, where we continued to tank. So what is going on? Fundamentals The market got what it wanted, a 25 basis point cut. However, the guidance offered by the feds was a bit more realistic and sobering. The guidance essentially indicated that rate cuts would not continue for long and they don't anticipate anymore than 2 rate cuts into next year, leading to a period of rate purgatory so to speak. This is generally not great because it destroys the premise of "easy money". Easy money is money that people can get due to low interest rates and a surplus of fund availability. However, with the lack of rate cuts, we will hover at a stable albeit elevated interest rate with no outlook of when rates will be lowered and when interest rates will be cheaper. This is bad, because in order for people to feel wealthier, they need to feel like things are cheaper or that they have more money, which isn't a direct consequence of prolonged rate hiking. This means that people will be less inclined to invest into unnecessary things (stock market perhaps) and keep funds safe for whatever the future may hold. The reason the feds can take this stance is because the labour market is rebounding. This means that people are generally gainfully employed and can withstand the rate hikes / rate stagnation. Not necessarily detrimental for the market, but in general, higher unemployment is good for the big picture of markets because it means rates will need to be lower. This leads to the next fundamental topic, Money! 2024 marked historic deficit highs for the US, with 1.8 trillion deficit in 2024. And if you watched my video about SPX and the money supply, having a US index valued well over all the monetary supply in circulation within the US, its not a normal or healthy or sustainable thing, especially when the US is already experiencing grave deficits. PE ratios I won't get into this too much, but take a look at some companies PE ratios in relation to their fundamentals, things were getting a little off kilter here... Now for the Math If you followed me through the last little crash SPY / SPX did in the end of July, you would have remembered this video: In this video, I explain my own theory of "corrections". From my own research looking at DJI and SPX (since both have histories since the 1800s), one thing I have noted is there are generally 3 stages of correction, from a math perspective. Stage 1: Cubic Correation This is a shallow correction and involves a correction to the 'cubic' mean of a ticker or index. It generally results when the ticker, specifically spy, exceeds the cubic mean by up to 5%. Currently, SPY's cubic mean is 557, with the actual range being 555 - 559. Remember, this moves with each passing day. That is just as of right now, today's close. In 20 days the range will be up to 563. These corrections are shallow and usually involve about a 5% to 10% pullback. As of right now, the cubic mean is approximately 8% away from the recent highs. Stage 2: Quartic Correction If the market isn't satisfied with a cubic correction (for general interest, in July we simply did a cubic correction back to 510 and then resumed the uptrend), we will see next a quartic correction. This is a reversion to the quartic mean, which generally is an addition 10 to 15% away. In SPY's case currently, the quartic mean is 544, with a range of 542 - 546/ This is a deeper correction but not necessarily a bear market. Quartic corrections usually are the halmark of "flash crashes". Stage 3: Quadratic Correction, AKA Bear Market Cycle In 2022 we had a quadratic correction, that was a regression to the quadratic mean. If you have been around for a long time and followed me through 2022, you will remember I called a move to 350s. Most thought I was nuts, but it was because SPY had already fallen through the cubic mean and that signaled that it was intent on following through to a quartic and possibly quadratic. It was confirmed relatively quickly in 2022, at least for me, that it was looking for a quadratic correction (i.e. bear market cycle) as it quickly fell through both cubic and quartic means. Currently, SPY's quadratic mean is 475, with a range of 472 to 477. Quadratic corrections take, on average, 6 months to a year, which is the normal bear market cycle. Only once have I observed a fall below the quadratic range and that was in 2008 (obviously I wasn't trading at this time, but when I was testing these theories this was the only year where the market didn't get stopped by the bottom of the quadratic range, every other bear market/correction got halted at the bottom of the quadratic range or at the quadratic mean itself). So what does this mean for you the trader? It means relax. We haven't even seen a cubic correction as of yet. For SPY to assert a bear market cycle thesis, we will need to see SPY shoot through the cubic mean. However, obviously vigilance needs to be maintained. This isn't the time to mindlessly buy dips until we see it finding support on one of the critical means. Will it correct to the means? Yes, mostly likely we will see at minimum, a cubic correction. The reason I think this is just the fundamentals currently support it. Will we go lower than the cubic mean? Hard to say. No one can be sure, obviously. The economic situation isn't super precarious, so I am skeptical of seeing an overly profound dip or the commencement of a bear market, but I will be diligently watching where support is found. How do we know if it doesn't want to correct to one of the means? This is a good question! Most pullbacks involve at least a correction to one of the means, but there have been times where it bypassed, only to circle back in about a 6-month period. We will only be sure that SPY does not intend to mean revert if we break a new high from the current high (aka a new ATH) prior to correcting to the mean. I know this doesn't seem super helpful, but its the only way that is a telltale sign that it doesn't intend on correcting. However, many of these cases where it went back to make a new high, it ended up crashing to the cubic and quartic mean some 1 to 2 months later :-/. So where should we be looking to buy? If you want to buy as a swing trade, I would wait to see if this is going to find support at one of the means. If I wanted to buy as an investor with the long term vision in sight, then you can buy anywhere really. Stocks will only ever permanently go up and bear market cycles and mean corrections are just fleeting passings that are quickly absorbed into obscurity. I bet many of you forgot that we crashed in July ;). Will it happen quicky? The average Cubic correction takes about 1 week. In July I think it lasted about 2 weeks because those relentless dip buyers. Hard to say but the historic average is 1 week. How do we know if it will go lower? In July, SPY went 1 point lower than the cubic mean and it was enough to make me, erroneously of course, call the end is nye. I was wrong obviously, because SPY quickly recovered. So I would say, hitting the general cubic range, even if it is below by 1 or 2 points, if it recovers there, that would be a good sign for a continuation up. Summary So kudos to you if you read this long! Moral of this story is we should see a correction, likely greater than 5%, to the cubic mean. Remember the cubic mean is constantly increasing with each passing day, so we will need to be mindful of where it is and when contact is made. For convenience, I will update with that information as we either completely reverse away from it or approach it. Don't get too bearish, Cubic corrections are not usually a very bearish thing. Instead, they serve the purpose of providing buying opportunities for late entrants. The economic situation of the US is right now uncertain until Trump takes presidency. Not sure of his economic plans, but in general he has stimulated economic growth. This would of course be good for markets. Hopefully you found this informative. There were other things I wanted to discuss but I think this is enough for now. Leave your questions below and safe trades everyone!
AMEX:SPY
by Steversteves
23
THIS IS A FAKE OUT IMO! BUY THE DIPNASDAQ:QQQ AMEX:SPY AMEX:IWM THIS IS A FAKE OUT! BUY THE DIP 👇 -Strong Economic Fundamentals -Hawkish FED spreading FUD -Same Government shutdown scares every year -2T+ in options (mostly call) expiring today -Gains being pressured to be sold for 24 taxes -Scare meme coin & gambler bro's out the markets -Incoming party is for business & the stock market -VIX spiked faster than Japanese trade crisis -Inflation still coming down -AI is still strong and a catalyst -Company earnings are still hefty -Global markets are curling up not down All of these reasons explain my point of this being a FAKE OUT. I will be buying this DIP because I see nothing CONCRETE! All I see is that the market maker and FED Chair Powell teamed up to be the GRINCH & SCROOGE this Holiday season. Not financial advice.
NASDAQ:QQQLong
by RonnieV29
5
SPY/QQQ Plan Your Trade For 12-20 : GAP PotentialToday's pattern suggests the SPY/QQQ will present an opening price gap (in this case lower) and likely attempt to find support near these deep lows. I really want to point out how my Anomaly call, nearly 45+ days ago, really played out perfectly. It is so difficult for me to try to explain what I do with my research and analysis - but ultimately I simply call what I see based on the data. The last few days have prompted me to really push my efforts to continue to deliver superior research and analysis for my followers and subscribers. Ultimately, it is about helping people learn to become more profitable and learn to wait for the best trade setups. Gold & Silver are moving into a CRUSH pattern today. This could be a BIG MOVE for metals - and I believe the move will be to the upside. Don't get married to this move yet. The bottom is still setting up for metals. Bitcoin is collapsing through the EPP pattern. The ultimate low setup could still be a move below $90k, so be prepared for more downward trending throughout the end of 2024. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
4
Doubt Me If You Want, But My Strategy Speaks for Itself!NASDAQ:QQQ AMEX:SPY Do you see how my Williams CB is one of the best strategies out there for predicting markets short & long term moves? How coupled with my H5 trading strategy it gives me the best chances to beat these crazy markets. Two weeks ago we were at the top and called for a no more than 3% market pullback. I was wrong and right at the same time. We got a pullback but it wasn't what I anticipated but who anticipated the FED nuking the markets yesterday? Nobody but the FED. I show you this so you understand when we get to the barrier we don't know what it's going to be that pulls the market back or causes us to consolidate and peel off the red barrier. BUT, we need to understand where we are at and that running into the barrier is not the time to be adding to trades or exploring new ones. It's the time to take profits, consolidate, and maybe hedge a little. I'm not putting this out to be applauded or to act like I'm some type of Oracle. I simply want to show all my friends who have decided to stick it out with me the last few days when others chose to leave that you can entrust in my strategies and I will teach you everything I know so you can beat the markets on a consistent basis too!
NASDAQ:QQQLong
by RonnieV29
10
SPY/QQQ Plan Your Trade Update : Big Rally Closing Out 2024Over the course of the past 6+ months, I've been sharing research and content to try to help traders all over the world learn to profit by making better decisions. Some of the comments I've received have been very positive. But some of the comments I get are negative and some people have explained how they continue to lose money trading. In my mind, if you are gambling with your trading account - you will likely lose money. If you are actually trading (trying to book profits ASAP) and grow your account efficiently, you can make consistent money trading small amounts. In order to try to illustrate this example of trading, I created a $1000 trading account and limited myself to only trading $333 (MAX) per day. Here are the rules I set for myself... ------------------------------------------------- Trading Plan - Start with $1000 in capital - Break that capital into 1/3 Daily limits - Trade no more than 2-4 times a day - Try to target 1-2 short term-trades and 1-2 intermediate-term trades each day - Attempt to keep my losses limited (depending on market volatility) - If I lose more than $300, I will stop trading and reevaluate what I’m doing right/wrong The Daily Average Goal is 15-35% or more over a 30-day period of time. I will try to execute the trades early in the morning and share the trades with Ment.com members. I will attempt to pull the short-term trades off as early as possible (trying to lock in gains). I will attempt to let the intermediate-term trades run a bit longer (possibly more than 1-2 days) in an effort to catch bigger price swings. I will not attempt to chase market trends unless I see a very clear A-B-C type of price pattern. ------------------------------------------------- After just five days of trading, my account is up over $45% and I've never risked more than $250 - $300 per day trading Options. Anyone can do this - you just need the right tools and guidance. You can DOUBLE your $1000 trading account every 20 to 30 days if you are diligent, consistent, and really learn to trade (not Gamble). What is it going to take for you to learn how to trade efficiently? I'm trying to show you HOW to do it and HOW to learn the skills to improve your life. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
5
Spy Whats Next NowWell everyone I've been calling for a 3% drop for the past 10 days and caught it lol!!!! I hope all of you that followed me crushed again and made money!!! Update to the New Narrative Trend Which the stock was Ticker QUBT I entered at $6.50 exited at $23 that I posted this week Resulting in a 4x stock move in 4 days causing some of my options plays to 10-15x insane in 2 days lol!! So What's next for Spy I Believe there will be a dead cat bounce resulting in a price to hit a target of 595-600 this year!!! I believe QQQ SPY both topped out for this year!!! So I Will be investing in The number 1 stock for 2025 resulting in a safe 10x trade by March content out now Good Luck Traders!!!
AMEX:SPYShort
by JoeWtrades
9
SPY will drop ... until Christmas, Part 2In my last chart I didn't account for the market trading sideways before heading downward so I have decided to do another chart. There is a FED meeting this week. I suspect on the day of the announcement on Wednesday, Dec 18, the SPY will be more volatile like it has been on the last few announcements from the FED. Then on Thursday and Friday following the announcement, the SPY will continue to go lower (regardless of what the Fed states) stopping before Christmas. I trade based on what the charts indicate not on current events. The charts will often account for future events. If you look at the weekly charts, it is also indicating a downward trend.I will try to post a weekly chart to this idea so you can see what I am talking about. I have marked where I think the SPY will drop to on the chart (around 584) This is just a short term downward trend. I believe on Thursday and Friday, the SPY will drop about 9 points each day and on Monday and Tuesday it will drop a little or trade sideways. After Christmas, I believe the SPY will go back up. But I will draw another chart showing what I believe will happen after Christmas. If you look at the previous months, after an upward trend of about 10 to 14 days, the market retraced for a few more days. The SPY could retrace to any point on the Fibonacci numbers. But I just believe it will drop for 3-4 days (like it did in the previous months) to a 100% drop before continuing it's climb upward. I am using the Heikin Ashi Candlesticks as I find you can see a definite directional pattern with them on the chart itself. Typically, I will just trade with the dominant trend and I will wait for 2 green Heikin Ashi Candlesticks before I enter. But this time I am showing the brief retracement that will happen before Christmas. I will probably enter this short trade briefly to make a little money. Happy trading everyone!
AMEX:SPYShort
by Princessgirl
10
Thank You, TradingView Community!I want to take a moment to express my heartfelt gratitude to everyone in this incredible community. The opportunity to share my Technical Analysis (TA) and connect with so many of you has been an amazing journey. I’m truly humbled by the kindness and appreciation I’ve received. Many of you who have achieved significant wins have even sent me thoughtful gifts as a token of thanks, while others who are still on the path to recovery have reached out to share their gratitude as well. Your support means more to me than words can express and motivates me to keep contributing and improving in the coming year. Whether you’re celebrating victories or working toward a brighter trading future, I’m here to support you every step of the way. Let’s make 2025 a year filled with growth, learning, and success! Thank you for being part of this journey and for allowing me to share my passion with you. Cheers to a bright future ahead! See you next year!
AMEX:SPYLong
by BullBearInsights
1
Super Simple Buying and Selling Stocks within TradingView.With the market pulling back nearly 14% over the past few days, I decided to take a punt on a potential recovery. I've opened a position in TQQQ , a 3x leveraged ETF tracking the Nasdaq 100 (top 100 tech stocks). In this post, I show how easy it is to place an order using a connected TradingView broker—in my case, TradeStation—and set up a bracket order with a take-profit and stop-loss. If the trade moves against me, the stop-loss automatically manages my risk by closing the position. If it moves in my favor, the take-profit ensures I lock in gains and exit automatically. Of course, these levels can be really easily adjusted manually as the trade progresses, providing flexibility as the stock moves. You could choose to set your levels based on your favorite indicators signals or some other means. This isn’t trading advice—just an example of how you can leverage TradingView’s functionality. It’s real money on the line—my money—so wish me luck! That said, the market could still head lower with ongoing Fed FUD, but I’m holding out hope for a little help from Santa. 🎅
NASDAQ:TQQQEducation
by zAngus
1
IBIT | Be PatientThe market is declining rapidly, and Bitcoin remains highly volatile, making it dangerous to take risks in the current environment. I have marked the HTF (High Time Frame) demand zones as critical areas to monitor. Trades should be based on the reactions observed in these demand zones on lower timeframes. This approach helps minimize risk while identifying potential entry points with stronger confirmation. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
NASDAQ:IBITLong
by XU99
Technical Analysis (TA) and GEX for IWM for Dec. 20Market Overview IWM has been experiencing a significant downturn over the past week, reflecting broad market weakness. The ETF is attempting to stabilize after hitting critical support levels. Gamma Exposure (GEX) analysis highlights key resistance and support areas, providing insights for potential market movements. Gamma Exposure (GEX) Analysis * Current Gamma Profile: * HVL (Highest Volume Level): $220, acting as a key pivot point. * Major Resistance: * $223: High GEX indicates strong call wall resistance; price may struggle to break this level without significant volume. * $235: Secondary resistance aligning with historical price rejection levels. * Major Support: * $218: Immediate GEX support; a breakdown below this could lead to further declines. * $215: Strong put wall and critical support, where buyers are likely to step in. * Implied Volatility (IV): * IV is trending lower, indicating that market participants expect reduced volatility ahead. This could signal consolidation after recent sell-offs. Technical Analysis 1-Hour Chart Insights: * Trend: Short-term recovery within a broader downtrend. * IWM is showing signs of breaking out of a descending channel, indicating a potential reversal if confirmed by volume and momentum. * Key Levels: * Resistance: * $223: Major hurdle; breaking above this would signal a bullish continuation. * $226: Secondary resistance aligned with the 50 EMA. * Support: * $218: Immediate support from GEX. * $215: Critical support; failure here could lead to a retest of lower levels. * Indicators: * MACD: * Bullish crossover, suggesting increasing momentum for a short-term rebound. * EMA (9 & 21): * Price is attempting to reclaim the 9 EMA; sustained movement above both EMAs would confirm a trend reversal. Trade Scenarios Bullish Scenario: * Entry: Above $220 with strong volume confirmation. * Targets: * First Target: $223 (GEX resistance). * Second Target: $226 (EMA alignment). * Stop-Loss: Below $218. Bearish Scenario: * Entry: Below $218 with increasing sell volume. * Targets: * First Target: $215 (put wall support). * Second Target: $212 (lower GEX support). * Stop-Loss: Above $220. Key Takeaways 1. Consolidation Phase: IWM appears to be consolidating, with a bias toward a short-term recovery. Gamma levels are tightly aligned, indicating a range-bound market unless a breakout occurs. 2. Momentum Indicators: Bullish MACD crossover and an attempt to reclaim EMAs suggest potential for a short-term rally. 3. Critical Levels: Traders should monitor $223 for bullish confirmation and $218 for bearish signals. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and risk management before trading.
AMEX:IWM
by BullBearInsights
S&P 500 Reached The Top - Correction UnderwayThe S&P 500 looks to have reached a significant top - being rejected from the 1:1 Fibonacci extension on the Weekly Timeframe. With other confluence like the rising wedge, high weekly RSI levels, and a decreasing momentum on the MACD, all things point downwards for the stock market in 2025. The next target would be the blue zone where a potential chance for reversal could occur. A top in the S&P 500 could also signal tops forming on major stocks like NASDAQ:AAPL , NASDAQ:TSLA , etc. so keep a lookout.
AMEX:SPYShort
by MrStockWhale
Tech Is Ded...So is TA...Muh crystal ball skills are in full display here...everything is too good currently how can markets go down with head honcho Donald duck I mean Trump as POTUS...well that's exactly the point it actually don't matter and it never did lol, bottom shorters from years back are now expert bulls and frothing at the mouth speculating with the can't lose mentality...so what comes next should be quite obvious/natural...the illusion of safety has spread like covid amongst the herd and the only jab that will fix it is a swift uppercut to their accounts (losses). Everything that I visioned playing out 2 or so years ago has come true and it's now time to change sides as I believe there aint much juice left in the tank for bulls, RUT making new highs and dying was one very good top indicator for larger index's as the end is usually marked by a speculative frenzy in smaller stocks popping 20% or so daily which has happened now, I'm expecting mining stocks to have a really good 6-12months from here providing markets do indeed fall for 2 or so years as miners tend to lag a top for about that time. Gl Swoop out.
NASDAQ:QQQShort
by Swoop6
1
QQQ Bearish Engulfing Candle on Weekly TimeframeAccording to our models QQQ will keep correcting for another 3-4 Weeks and approximate correction would be 8% Entry Short: 524 Exit Short: ~ 480 All the best. Marketpanda Disclaimer: The information provided is for general informational and educational purposes only, and does not constitute financial, investment, or legal advice. None of the content shared should be relied upon as the sole basis for making investment decisions. Prior to making any financial or investment decisions, it is strongly recommended that you consult with a qualified financial advisor, accountant, or other professional who is familiar with your individual circumstances and risk tolerance. Any reliance you place on the information presented is strictly at your own risk, and we are not responsible for any losses, damages, or liabilities resulting from your investment or trading activities.
NASDAQ:QQQShort
by marketpanda123
SPY Technical Analysis PredictionThis chart is a daily timeframe for SPY (S&P 500 ETF), displaying multiple indicators such as pivot points, dark pool levels, trendlines, moving averages, and volume. The current market structure suggests a potential trend transition phase, with price currently consolidating near critical support levels. Key Observations: 1. Trend Structure: The long-term uptrend is still intact, supported by the green ascending trendline originating from prior lows. The recent pullback breached the 8 EMA and 21 EMA, which implies short-term bearish momentum. However, price is consolidating near the S1 pivot level (579.18), suggesting possible support. Higher Highs (HH) were achieved earlier in the trend, but the failure to maintain levels near the R1 pivot (614.64) indicates resistance and profit-taking. 2. Support and Resistance: Resistance Zones: 600-604: A psychological resistance level and the approximate region of the 8 EMA. 609.07: The previous swing high and a critical level for a bullish continuation. R1 (614.64): A strong pivot resistance level. Support Zones: Immediate support at S1 (579.18), which aligns with current consolidation. Lower supports are seen at S2 (555.80), S3 (543.72), and the ascending green trendline (~524). Dark pool levels between 513.20 - 522.91 represent critical institutional zones, which may act as strong support. 3. Volume Profile: Significant volume spike on the most recent red candle indicates institutional activity. If price remains above key supports (S1, S2), this could suggest accumulation. A breakdown below S1 would imply further distribution and downside. 4. Dark Pool Levels: Dark pool prints at 522.91, 518.92, and 513.20 mark critical price levels for institutional interest. A break into these levels would indicate bearish momentum but could offer significant buying opportunities near those zones. Trade Setup: Scenario 1: Bullish Reversal from S1 (579.18) Trigger: A strong bounce off S1 with price reclaiming the 8 EMA (currently near 600) would confirm bullish momentum. Profit Targets: 595-600: The immediate resistance zone and EMA alignment. 609.07: The swing high from earlier in December. 614.64 (R1): A longer-term target at the pivot resistance. Stop-Loss: Below 575, as this invalidates the bullish setup. Scenario 2: Bearish Breakdown Below S1 (579.18) Trigger: A break below S1 with high volume and price failing to reclaim the 8 EMA would confirm bearish continuation. Profit Targets: 565.16: The prior swing low and intermediate support. 555.80 (S2): A strong pivot support level. 543.72 (S3): A deeper downside target. Stop-Loss: Above 595, as it would indicate a reversal back above resistance. Scenario 3: Long-Term Reversal Near Dark Pool Levels If price falls into the dark pool zones (522.91-513.20), this could offer significant long-term buying opportunities, especially near the ascending green trendline (~524). Final Thoughts: Short-Term Outlook: Consolidation near S1 requires close monitoring for either a bullish reversal or a bearish breakdown. Volume and price action at the EMAs and pivot levels will be crucial indicators. Long-Term Outlook: The green trendline and dark pool levels represent strong support zones, offering potential for accumulation if prices drop further.
AMEX:SPYLong
by thedarkpooltrader
MSTZ to $32....early Christmas giftLet's start 2025 with a bang! This is my last gift for the year. Microstrategy will be tanking with BTC drop and the rate of decrease has noticeably been steep and purposeful. Thankfully, MSTZ is the superstar that will save the day (2x inverse). The gravity is strong with this one, until consolidation around $32. We're looking at 30%ish upside on this puppy. It will go fast so lock and loaded tomorrow and prob close out in a few hours. As always, do your due diligence and best of luck!
CBOE:MSTZLong
by antonini2002