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Polar Vortex TradeEvery winter in the Eastern United States, the polar vortex trade becomes the big winner in Natural Gas once the weather services identify the timing. Looking at UNG, you can see on the chart the cup basing pattern proceeding the move, and this weekend you can note the 20% upside breakout in price, as traders commit to price. The move in Natural Gas Futures shows a similar % move, rising sharply from $3 to $4 My advise here for those who might wish enter long on UNG is to wait for a sharp pullback back towards $15 Support It may take a while to get there, but risk reward favors a continued sharp upside seasonal move,... that looks to be just getting started. UNG 18.03 Close 12/30/24 THE_UNWIND WOODS OF CONNECTICUT
AMEX:UNGLong
by The_Unwind
SPY (S&P500 ETF) - Daily Price Consolidation - End of 2024SPY (S&P500 ETF) is currently in a short-term consolidation price pattern (end of December 2024). SPY price needs to hold and rally above $583 to avoid a daily bearish head-and-shoulders resistance price pattern. Support Prices to the downside are: $583, $577, $569, $555, $532. Resistance Prices to the upside are: $592, $600, $604, $613, $626. Several Key Events will be occurring in the USA, January 2025: -CES 2025 Conference (week 2) -Inflation Data (week 2) -Stock Market Earnings Season begins (week 2 to 4) -New President taking office, potential law changes (week 3 to 4) -FOMC Press Conference (week 4) Note: Any of the above events can cause stock market volatility and override technical charts. Date: 12/30/2024 pm
AMEX:SPY
by NoFomoCharts
QQQ Short-Medium Term PathsQQQ just broke below its uptrend from the August low, it did break once before but that lasted less than a day below. This looks bearish to me, expecting a move down to the previous ATH around $503 and then back to where the election gap was if that doesn't hold. The most important level for longer term will be the trendline below from November 2023, seems bad if that breaks. If it can reclaim the trend from the August low instead it should set the stage for another new ATH soon after.
NASDAQ:QQQShort
by AdvancedPlays
Silver Poised for Upside?SLV is setting up a strong case for a position trade. A similar situation recently played out with Palantir, although with greater risk involved due to being an individual stock, but we don't need to exclude the intrinsic value of precious metals. Multiple timeframes are showing technical confluence and this is something to watch beyond 2024. Key Points: SLV has formed a larger, albeit lopsided, cup and handle pattern on the monthly chart with another mild version of the same pattern post 2020. The dip having been formed by the 2022 bear market. Price has simultaneously found support between the Ichimoku Kumo(formed by an offset of the average price between highs/lows) and a well-defined static support/resistance zone indicating stability. The "Golden Cross" remains well intact from its formation in Q2 of this year. This is bullish bias. The slow stochastic, also formed by highs/lows as opposed to a rate of change, has pulled back from overbought territory on both the weekly and daily timeframes. The weekly stochastic appears to be a well balanced oscillator for SLV. I personally find ROC oscillators and MA crosses better for exits. We do have a bearish engulfing candle on this timeframe suggesting near term weakness, so it's critical to watch for incoming support. Final Thoughts: Silver remains structurally strong and we have a bullish case on multiple timeframes. While short term bearishness indicates caution, the overall technical picture suggests solid upside potential. Support: $26 Resistance: $30.5 Target: $34+
AMEX:SLVLong
by NantzOS
1
SPY is going up and into the New YearThe SPY will start going up and continue into the New Year for about 14 days which has been the average upward movement in the past few months. I typically use Heikin Ashi Candlesticks as they show more of a directional move as opposed to regular candles. However, since I have used regular candles in the past, I tend to switch back and forth until I get more comfortable with the Heinkin Ashi Candlesticks. You can see my past posts on why I favour the Heinkin Ashi Candlesticks. Typically, you are only supposed to enter after you see 2 green candlesticks of the Heikin Ashi Candlesticks. In the past, there has been an average move of 34 points on the SPY which would make the target point of 614. (There has been an extreme move of 53 points, but I think that is unlikely. That would make the target equal to 633. But that is an extreme point not a likely point.) The Fibonacci number of 1.618 is 624. This is a good second target point. My time target is about a 12 to 14 day move. This would make Jan 9th the time target. If the SPY hits any one of those targets I am out of my trade. Happy Trading!! In the last few days of the month of January or beginning of February, I suspect the market will start to head lower for that one month. But I will address that in my next chart. The market can always change between now and then. Summary: 34 point move= 614 1.618 fib move=624 12 day move = Jan 9th **can be an extreme move of 53 points, but unlikely= 633 There is an online trading conference/summit I try to attend every 3 to 4 months where I have gotten some of my ideas from. The next one is from Jan 13th - 18th called Wealth365 You can register for the event at www.wealth365.com
AMEX:SPYLong
by Princessgirl
6
SPY/QQQ Plan Your Trade For 12/30 : GAP ReversalThis week should resolve as a Momentum Rally in the SPY/QQQ. Yet, I believe price action will be very volatile as we are still transitioning through the holidays. Overall, I expect the SPY/QQQ to attempt to mount a fairly solid rally this week - possibly attempting to reach new All-Time highs again. Then, I believe the SPY/QQQ will move into an extended topping pattern over the next 2+ weeks - resulting in a breakdown trend after the Inauguration. Gold and Silver appear to be trying to base/bottom and we may see a decent rally in metals this week. I hope so because I don't believe Metals should be this low compared to the risk factors throughout the global markets. Bitcoin is transitioning through an EPP pattern Flag breakdown event. If this continues, I suspect we'll see a downward price move targeting $74k before the end of January 2025. Remember, my Daily/Weekly Cycle Patterns are designed to help us plan and prepare for market opportunities. No, they are not 100% perfect all the time. But I don't know of anything else that can attempt to accurately identify price trends, setups, events weeks and months into the future. 2025 is going to be a great year for traders. Remember, it is all about what you can do with the information I share to profit from these moves. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
SPY in a Crucial Zone! Scalping, Swing, and Options StrategiesScalping Analysis for SPY: 1. Support and Resistance Levels: * Immediate support at $594 (key gamma wall and major put support). * Resistance near $599-$602 (gamma resistance and call wall). 2. Key Indicators: * 9 EMA & 21 EMA: Price is below both EMAs on the hourly timeframe, suggesting bearish short-term momentum. * MACD: Early signs of a bullish crossover, indicating potential reversal. 3. Scalping Plan: * Bearish Scenario: * Entry: On rejection near $599-$600. * Target: $594, $591. * Stop Loss: Above $602. * Bullish Scenario: * Entry: Breakout above $599 with strong volume. * Target: $602, $605. * Stop Loss: Below $596. Swing/Day Trading Analysis for SPY: 1. Trendlines: * SPY is retesting its recent consolidation zone between $594-$599. A decisive breakout or breakdown will define the next trend. 2. GEX Analysis: * Call resistance at $602-$605 indicates difficulty for bulls in breaching higher levels. * Strong put support at $594 and $591 highlights a potential floor for the downside. 3. Trade Scenarios: * Bullish Swing: * Entry: Above $599 with confirmation or bounce from $594 with support validation. * Target: $605, $610. * Stop Loss: Below $592. * Bearish Swing: * Entry: Below $594 with retest confirmation. * Target: $591, $587. * Stop Loss: Above $596. Options Play with GEX Insights: 1. High GEX Areas: * Call Wall: $602, $605. * Put Wall: $594, $591. 2. Suggested Options Strategy: * Bullish Play: * Buy Jan 5th $600 Call if SPY breaks and sustains above $599 with volume. * Target: Move toward $602-$605. * Risk: Below $596. * Bearish Play: * Buy Jan 5th $590 Put if SPY breaks below $594. * Target: $591-$587. * Risk: Above $596. 3. Options Oscillator Metrics: * IVR (17.2%) suggests reasonable premiums for options strategies. * Puts skew (65.3%) indicates stronger bearish sentiment near current levels. Insights: * SPY is trading at a key pivot level, with strong gamma resistance at $599-$602 and put support at $594. The breakout or breakdown from this zone will likely drive the next significant move. * Volume Focus: Look for volume confirmation around $594 or $599 to validate the directional move. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
AMEX:SPY
by BullBearInsights
Long positions are favored for SPY next week as bullish momentum - Key Insights: SPY has exhibited strong bullish trends recently, supported by positive economic indicators and robust corporate earnings reports. Market sentiment remains optimistic, buoyed by strong consumer spending and favorable employment data, suggesting resilience in the economy. - Price Targets: Next week targets: T1 = 610.00 T2 = 620.00 Stop levels: S1 = 588.00 S2 = 580.00 - Recent Performance: SPY has shown a notable upward trend over the past month, rising approximately 7% amidst positive market sentiments. Volatility has decreased, indicating a potential stabilization in price, as investors respond favorably to earnings season and macroeconomic data. - Expert Analysis: Analysts maintain a predominantly bullish outlook on SPY, citing strong support levels and increasing institutional investment. Many experts highlight that this upward trend is likely to continue as market fundamentals remain solid, with ongoing interest in technology and healthcare sectors. - News Impact: Recent headlines around potentially favorable Federal Reserve policies and infrastructure spending are contributing to positive sentiment toward SPY. Additionally, ongoing global trade developments are closely watched, as any favorable resolution could further bolster SPY's performance in the coming weeks.
AMEX:SPYLong
by CrowdWisdomTrading
Looking to Short TLT Next Week as Market Sentiment Shifts- Key Insights: TLT has been facing increasing pressure due to rising interest rates and inflation concerns. Trader sentiment appears cautious, reflecting a potential continuation of downward trends. With the Fed's signal towards maintaining a hawkish stance, bond prices are likely to remain under pressure in the near term. - Price Targets: Next week targets are T1=84.5, T2=83.0. Stop levels are S1=89.5, S2=90.5. This structure supports a short position considering current market trends. - Recent Performance: TLT has been on a decline, reflecting broader market reactions to interest rate hike expectations. The last trading sessions have seen fluctuations, but the overall trend points towards bearish sentiment. - Expert Analysis: Analysts suggest that TLT faces headwinds from economic data indicating stronger growth, leading to expectations of continued interest rate increases. The consensus is predominantly negative, with many traders positioning for further declines. - News Impact: Recent economic reports highlighting job growth and inflation have intensified talks of rate hikes, negatively impacting TLT's performance. Additionally, geopolitical tensions and market volatility contribute to uncertainty, pushing investors away from long positions in bonds.
NASDAQ:TLTShort
by CrowdWisdomTrading
Long QQQ Next Week: Target Gains While Watching Key Levels- Key Insights: QQQ continues to show strength as it capitalizes on tech sector momentum. Analysts predict that recent advancements in AI and cloud technologies will sustain interest in major NASDAQ-listed companies. Given favorable macroeconomic indicators, there’s strong potential for upward movement in QQQ. - Price Targets: Next week targets are T1=555, T2=570; Stop levels are S1=510, S2=505. - Recent Performance: Over the past week, QQQ has experienced modest gains, propelled by positive earnings reports from key constituents. The index has been resilient despite broader market fluctuations, demonstrating an underlying bullish sentiment from buyers. - Expert Analysis: Experts express optimism with a consensus that QQQ is well- positioned for continued gains. The sentiment is bolstered by constructive technical indicators and a solid economic backdrop. Many recommend strategic entry points, especially after temporary pullbacks. - News Impact: Recent news highlights developments in the tech sector, including significant partnerships and innovations. An increase in consumer spending on technology products has also positively influenced market perceptions around QQQ's holdings, reinforcing bullish sentiment.
NASDAQ:QQQLong
by CrowdWisdomTrading
Technical Analysis Idea for SPYChart Pattern Identification: Inverted Head and Shoulders Pattern: Left Shoulder: Look for a decline followed by a minor rally, forming the left shoulder. Head: A further decline creating a lower trough, forming the head. Right Shoulder: A subsequent rally and decline forming a higher low, creating the right shoulder. Neckline: Draw a trendline connecting the peaks of the left shoulder and the head. This line acts as a resistance level. Entry and Exit Strategy: Entry Point: Consider entering a long position when the price breaks above the neckline with strong volume, confirming the pattern. Stop Loss: Place a stop loss below the right shoulder to manage risk. Target Price: Measure the distance from the head to the neckline and project it upwards from the breakout point to set a target price. Squeeze Momentum Indicator: Confluence Signal: Use the squeeze momentum indicator to confirm the breakout. Look for a shift from red to green bars, indicating increasing bullish momentum. Momentum Confirmation: Ensure the squeeze dots turn from black to green, signaling the end of a consolidation phase and the start of a potential upward move. Additional Considerations: Volume Analysis: Confirm the breakout with a significant increase in volume, supporting the validity of the pattern. Market Context: Consider broader market trends and news that might impact SPY's price movement. PYTH:SPY AMEX:SPY
AMEX:SPYLong
by CapitalGainz33
1