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S&P 500 ETF Trust (SPY): Correction will occur in 2025📊 Chart Overview: This analysis highlights the SPDR S&P 500 ETF Trust (SPY) from an Elliott Wave perspective. It identifies key trends, corrective patterns, and long-term opportunities for investors. The broader market remains structurally bullish, with corrective dips likely providing accumulation opportunities. Elliott Wave Breakdown Wave Count: - The SPY is in a long-term bullish sequence, completing Wave (I) around $610.85. - The recent structure shows signs of a developing Wave II correction before the next impulsive move higher. Wave II Correction: - Wave II is expected to form an ABC corrective pattern, targeting deeper retracements within 2025. - Wave A is projected to pull back into the $520–$540 range. - Wave C could test lower supports near $480–$500, completing the corrective phase. Invalidation Level: - The invalidation level for the bullish count is $347.26. Any movement below this level negates the current wave structure. Market Outlook Macro Environment: - Economic conditions, including interest rates and inflation trends, will heavily influence SPY's price action. - Anticipate increased market volatility during Wave II but retain a bullish outlook for the long term. Sector Implications: - SPY's diversified exposure suggests broad market recovery after corrective dips, particularly in tech and industrials. Key Takeaways - SPY remains in a right-side bullish structure, with short-term corrections likely providing excellent entry points. - Long-term investors should focus on accumulating positions during corrective phases, while swing traders can capitalize on price volatility. 💡 Reminder: Corrections are natural and necessary for healthy market growth. Stick to your plan and "buy the dips." 🚀
AMEX:SPYLong
by MrStockWhale
Invesco QQQ Trust (QQQ): Long-Term Elliott Wave Analysis📊 Chart Context: This analysis outlines the long-term Elliott Wave perspective for the Invesco QQQ Trust (QQQ), a tech-heavy ETF tracking the Nasdaq 100 Index. The current structure highlights a bullish trajectory with anticipated corrections before the next impulsive leg. Elliott Wave Breakdown Macro Structure: - QQQ is in a right-side bullish structure, showing impulsive waves consistent with a long-term uptrend. - Wave (III) was completed around 2021, followed by a multi-phase correction that formed Wave (IV). Current Progression: - Wave (V) reached a peak near $511.23, completing the first subwave of the larger bullish cycle. - A corrective Wave II is anticipated, forming an ABC pattern, targeting deeper retracements. Wave II Projection: - Wave A may find initial support in the $460–$480 range. - Wave B is expected to rebound before Wave C completes the correction near $420–$440. Invalidation Level: - The invalidation level for the bullish structure stands at $254.38. A break below this would negate the current wave count. Key Levels to Watch Support Zones: - $480: First key support during Wave II correction. - $420–$440: Deeper support for Wave C completion. Resistance Zones: - $560: Immediate resistance zone, marking the next potential peak for Wave III after correction. For Long-Term Investors: - Accumulation Zone: Between $420–$480 during the Wave II correction phase. - QQQ presents a strong case for holding and adding positions as the broader bullish structure remains intact. Fundamental Catalysts Macro Environment: - QQQ remains sensitive to Federal Reserve policies, especially interest rates, which heavily influence tech valuations. - Economic growth in the tech sector will likely sustain the bullish narrative. Tech Sector Growth: - Continued advancements in AI, cloud computing, and other disruptive technologies will bolster the underlying Nasdaq 100 companies. Conclusion The QQQ chart aligns with a strong bullish Elliott Wave framework, with short-term corrections providing opportunities for strategic entries. The long-term trajectory suggests higher highs in the next wave cycle, targeting levels beyond $580. 💬 Drop your thoughts below! Are you holding QQQ for the long run, or trading the upcoming correction? 📈
NASDAQ:QQQLong
by MrStockWhale
Trouble will find Banks in 2025This is another case in point: Entry Short: 65.10 Exit: 42 Time: By July 2025 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:KBWBShort
by marketpanda123
Higher For Longer "The Trump Trade" This TradingView chart illustrates a bullish long-term projection for SPY, forecasting a sustained rally over the next four years driven by market optimism surrounding Donald Trump’s economic policies. Key technical indicators signal a robust uptrend, with historical parallels drawn from previous pro-business administrations. The chart highlights critical support zones and breakout levels, suggesting minimal downside risk as institutional buying accelerates. Macro factors such as tax cuts, deregulation, and infrastructure spending are projected to fuel corporate earnings, pushing SPY to new all-time highs. The chart outlines a trajectory that aligns with cyclical bull market phases, emphasizing "higher for longer" price action as volatility stabilizes.
AMEX:SPYLong
by hoodchef
KRE Seems to be in troubleIts in a big trouble. Entry Short: 61 Stop Loss: 63.60 Exit: ~36 This is a potential 40% gain in 6 months. 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.
AMEX:KREShort
by marketpanda123
MSTX: The Coiled SpringFollowing MSTX's descent to $60, technical indicators are painting a picture that screams opportunity. Daily Chart: Weekly Chart: The CM_Ult_MaCD has bottomed out completely, and if you've traded long enough, you know what that means - upward momentum is coming, and it's coming fast. The setup is textbook perfect. We're seeing the Stochastic oscillator flirting with oversold territory, and anyone who's been in this game knows that's when you want to position yourself. It's not just about timing - it's about recognizing the patterns that repeat themselves. What's really getting my attention is the SQZMOM_LB indicator. Those VIX spikes we're seeing aren't random noise - they're telling us a squeeze is brewing. When this pressure cooker blows, we could see rapid upside movement that'll catch the shorts off guard. Speaking of shorts, they've shown their hand at the $60 VWAP level. Both daily and weekly charts confirm this sweet spot, and I'm seeing all the signs of a short sweep setting up. This is exactly the kind of technical confluence that precedes significant moves. I'm anticipating MSTX to first reclaim the $100 level, with potential to test previous highs around $175-200. The short squeeze, when it triggers, could accelerate this movement significantly. Smart money will be watching these levels closely. The key here is patience. Let the technicals confirm what we're seeing. When that squeeze triggers - and it will - you'll want to be positioned ahead of the crowd. Stay tuned for updates as this play develops.
NASDAQ:MSTXLong
by Terrapins
17
Spy Technical Analysis for today December 31Technical Analysis for SPY SPY has been trading in a consolidating downtrend, with potential support at $577 and resistance near $600. Current price action suggests a possible attempt to retest resistance or break below key support levels. Indicators: MACD shows signs of a slight bullish reversal, but momentum remains cautious. The 9 EMA is attempting to cross above the 21 EMA, indicating early bullish momentum. Key Levels to Watch Support: $580 (critical pivot), $577 (strong floor). Resistance: $590 (near-term), $600 (psychological and gamma resistance level). GEX Analysis for Options Gamma Levels: Call Wall: $600 acts as a major resistance, with significant positive gamma exposure (48.19%). Put Wall: $580 shows strong negative gamma pressure, indicating key support. Options Oscillator Insights: IVR: 16.7, reflecting moderate volatility. Put/Call Ratio: Slight bearish tilt, with 55.8% Puts. GEX: -57.75% at $588, highlighting increased downside pressure near this level. Trading Scenarios Bullish Scenario Entry: Above $591. Target 1: $600, Target 2: $607. Stop-Loss: Below $588. Bearish Scenario Entry: Below $580. Target 1: $577, Target 2: $572. Stop-Loss: Above $585. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage risks before trading.
AMEX:SPY
by BullBearInsights
SPY/QQQ Plan Your Trade For 12-31: Top PatternHappy New Year Everyone, Today's pattern is a TOP pattern. This suggests the SPY/QQQ will rally in early trading, attempting to identify a resistance level and then rolling into a TOP type of pattern. I don't expect the markets to fall much after reaching the top/resistance level. I expect it to be more of a stalling type of price action after reaching resistance. Gold and Silver will likely attempt to confirm a base/bottom near recent lows. I don't expect too much movement in metals today. Bitcoin moved below recent support, then rejected back to the upside. If this support fails, Bitcoin will move strongly to the downside over the next few days. As we move into 2025, capital will start to rush back into the markets in early January. This low-liquidity phase will end near Jan 5 through Jan 8. Be prepared for price to attempt to revert back into normal 0.5 to 1.25% price ranges - consolidating as liquidity increases in the markets over time. Remember, the first half of 2025 will be very volatile - so buckle up and get ready for some big price rotation in early 2025. Get some.. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
Bull & Bear New Year SPY OptionsAMEX:SPY We see the indices having a tough January. Long-term trend is still intact. The 10-year yield is a benchmark for bulls/bears. It needs to be down to 4% (currently 4.5%). If it hits 5%, the pullback will intensify. There is a high floor of support on pullbacks, notably the 50SMA ($580) and 200SMA ($550). We are not thinking bear market. We are overextended. $595 CALL 1/13 Entry: Breakdown under white trendline Targets 🎯: $595, $598.67 $585 PUT 1/13 Entry: Breakdown under white trendline Targets 🎯: $585, $583.56, $580 Best of luck to you all and a happy new year from all of us at Pennybois! 🥂🎆🥳
AMEX:SPY
by PennyBois
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