SPY/QQQ Plan Your Trade For 6-3 : BreakAway In Trend ModeToday's pattern suggests the SPY/QQQ will attempt to move into a Breakaway type of pattern. I believe that Breakaway may be to the downside, but I could be wrong.
Price has been struggling in a sideways consolidated range over the past 2+ weeks. I believe this range sets up an "Island" type of price formation that is indicative of a topping type of pattern.
Currently, I'm tracking layers of different TA techniques to try to see how price may react in the future. Right now, price appears to be trapped within a range, has recently broken below the STDDEV channel, and may be moving into a very volatile FAILURE/REJECTION phase.
This is where price may attempt to resume trending (up or down) and I believe the move logical move is to the downside at this point.
Gold/Silver had a HUGE MOVE yesterday and are not contracting a bit. I still believe Metals will rally higher and attempt to break to new ATH levels.
BTCUSD is trapped in a sideways price range after reaching new ATH levels recently. Many of you are aware I'm expecting a rollover-top pattern to setup in BTCUSD (and the US markets) and I believe it is just a matter of time to see how the markets react to policies, news, and economic function/data.
Should be an interesting (possibly sideways) day today.
Get some.
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QQQ
SPY: Bullish Outlook Based on Market StructureETF Strategy: Still Buying for 2025 Growth
I'm continuing to buy SPY and adding other strong ETFs like VEA, QQQ, and TQQQ. The market structure looks solid after the recent bounce, and I’m positioning for continued growth through the rest of 2025. My goal is to close the year with a strong percentage gain.
SPY/QQQ Plan Your Trade For 6-2 : Post Market UpdateHuge move for metals today. Absolutely incredible.
Hope you GOT SOME.
BTCUSD and the SPY/QQQ stalled somewhat flat today. SPY was up 0.50% - nothing huge.
Going to be interesting to see how things play out in the Asian/European markets tonight.
Buckle up. Could be some very big moves hitting this week.
GET SOME.
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YEN/$USA topped in the target 144/146 and now supported into fibThe chart posted is the USA $/YEN chart it is key to all things as to the sp 500 and debt markets A few weeks back I posted The chart of a MASSIVE HEAD N SHOULDER TOP formation !!! we are still forming the Right shoulder in a rather complex wave STRUCTURE This is the hourly model and forecast so far spot on . best of trades WAVETIMER
SPY/QQQ Plan Your Trade For 6-2 : Gap Breakaway PatternToday's pattern suggests the SPY may attempt a GAP Breakaway in Trend mode (likely BULLISH). But, the Russia/Ukraine war is overshadowing that potential pattern as big news this morning.
From what I can tell, Russia is mounting a large-scale attack after Ukraine launched a big drone attack targeting Russian aircraft.
No matter how you slide and dice this news, it means this conflict is entering a new phase. A possibly much more destructive phase for all involved.
Gold and Silver are reacting to this news by skyrocketing higher. I believe this upward move in metals could continue for many days/weeks as long as this conflict continues to grow.
BTCUSD is trading slightly downward right now, but not as much as I would have expected based on the news. We'll see how BTCUSD plays out this week and if we get a bigger breakdown over time.
Currently, if you had actively hedged your positions, I believe you will be OK this week as Metals seem to be the big movers right now. The SPY/QQQ should react to this war news, but being somewhat isolated from this conflict economically, we may not see any huge moves in the US markets today.
Overall, hedge your positions to protect against surprise news/risks and try to prepare for the longer-term swings. Volatility will stay elevated over the next few weeks..
So, GET SOME.
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#202522 - priceactiontds - weekly update - nasdaqGood Day and I hope you are well.
comment: Not much difference to the dax or sp500, so you can skip the text and just watch the chart. Should look similar to you and you should trade it the same. If you have not read my dax update, please go read it.
current market cycle: trading range
key levels for next week: 20700 - 22000
bull case: Bulls are trapping bears into decent looking shorts just to reverse them strongly. Bulls are still hopeful af and until we have a daily close below 20700, the bull wedge is alive and can lead to higher prices. Bulls are heavily favored to continue until then. Target is obviously 22000.
Invalidation is below 20600.
bear case: Bears need a daily close below 22700 and close the giant gap down to 20200. Until then they have been making money shorting new highs but only for scalps. If we get another good move down next week, you should take big profits before they vanish again. Daily 20ema held for 6 weeks now, expect the next touch to get bought as well.
Invalidation is above 22100.
short term: Bullish that we stay above 20700 and hit 22000 next week. The buying on Friday was so strong, that we can expect higher prices. I will need strong signals though since we had bad news after hours Friday and Friday was also end of month, which can always distort the market bias somewhat.
medium-long term - Update from 2024-06-01: Market is refusing to go down but I can not see this going much more up. Maybe we hit 22000 maybe we don’t. My assumption is still that latest around end of June we begin to decline over the summer. If EU tariffs go through next week or there is no really good news before end of day Friday, expect a blood bath if they come into effect. It’s a trade embargo. No one will ship anything with 50% on top of it and markets are trading like everything is literally perfect.
SUPER CYCLE TOP SOON IGV WAVE 5 The chart posted is by far the strongest chart within the market and has a clean wave structure from an Elliot Wave view . I have now taken a position for the last wave and will exit and go 100 % short all markets once the 5th wave has reached the targets min 106.7 to ideal target is 111 zone this should be seen based on my work in spiral cycle top is due 2.5 TD days from today with the alt on June 6/9 best of trades WAVETIMER
SPY/QQQ Plan Your Trade for 5-30 : CRUSH PatternToday's CRUSH pattern should result in a continued downward price trend in my analysis is accurate. I have seen CRUSH pattern trend upward sometimes. So, please understand I'm reading the chart and pattern as a rolling top type of pattern leading to a CRUSH (downward) price trend today.
I highlight the potential for a FAILED CRUSH (downward) price bar - whereas a reversion back to the upside is a potential. But, I estimate that potential at only 20-25% at this time.
My analysis suggests the breakdown in price will likely continue, and we'll likely see the SPY/QQQ/Bitcoin continue to try to trend downward.
Gold and Silver are moving into a fairly solid Gap-Stall-Revert-Flush pattern that may see Gold attempt to rally back above $3400 today. Silver is currently trading very close to a STDDEV Reversion level, so Silver may not see a big move today (like Gold).
I'm hopeful we start to see a big breakaway move in Gold/Silver today and carry into next week.
My TTScanner algos generated new BUY triggers for GDX, GDXJ, and NUGT yesterday. That's a very good sign we are getting into a BUY/BULLISH mode in metals again.
I got up late today. Somehow, my alarms got turned off.
Happy Friday.
Get some.
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NVDA: Ascending triangle break, bull flag on S/R retestHey traders! I'm back and once again, I've spent almost the whole evening (lol) trying to figure out the odd, strange price action we've seen from NASDAQ:NVDA over the past few weeks, and especially today!
As we all know (I assume), Nvidia failed to disappoint on earnings once again, and we saw a HUGE gap up overnight, as far as up to the $143 mark. However, we soon began to see a dip. That's fair, as traders will likely sell and take profit.
However, the dip became a larger dip, and Nvidia finished the day basically at 3.2%. But it seems that the pullback may been pretty healthy.
Because as you can see from the chart, Nvidia has been forming an ascending triangle ever since the 14th May. That was after the sweet run it had prior to that. It has tested the £136-137 area as a major resistance line ever since until finally, a strong earnings report sent Nvidia above the line.
After the gap up, throughout the day, the stock went into a controlled, composed downward channel which what we like to call, a bull flag. This is taking into consideration market hours, not extended hours. This bull flag is bullish in its own way, but it is also a sign of a retest of the $136-137 resistance zone. This is officially a support zone now.
A successful retest from this support zone will cause a bounce, especially from the support trendline, and likely send the stock towards $140+, possibly extending its reach to $150 if broader market strength (Nasdaq) continues.
On the contrary, a dip below the support line and a crash below the red support trendline, would likely send the stock lower to $133 as next support.
As long as Nvidia maintains $136-137, the bulls are in control.
Note: Not financial advice. Please do your DD.
2025-05-29 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
comment: I don’t know what’s more likely to happen tomorrow and every time I feel that way, market is in a trading range and most likely neutral. Big up, big down, big confusion. Read some Al Brooks. Volume was big today but given that bears only managed to close 60 points below Wednesday, what did they achieve? RTH session closed the gap but not more. Futures obviously had a nasty reversal but we can still draw a decent bull wedge with lows either 21300 or 21100 and that would mean bulls would be favored to trade back up.
current market cycle: trading range
key levels: 21000 - 22000
bull case: Bulls who want to buy 21400 would likely need a stop 20700 and scale in. Is this a good trade? I don’t think so. You either wait for better confirmation that today’s low is credible and will hold or you wait for lower prices closer to 21000 before going long. I doubt this bull wedge will just end like this and that we top out with 21858. I expect at least some form of double top with a print up to 21700 or higher. The middle of the current range is 21300 and market bottomed out there today. Maybe this fact makes it a bit more favorable for the bulls.
Invalidation is below 21300.
bear case: Below 21300 bears could try to go for 21000 or even last weeks low at 20727. How likely is that? Today’s selling was very strong and it was at the moment everything was max bullish and perfect aligned. You do not see these type of reversals in a strong bull trend. We are very likely in the last days of it before we go down lower. That being said, I just don’t think we will go down further from here without another try of 21800+. I have two potential bull wedges on my chart and bears would need a strong move below 21300 and stay around 21000 for me to abandon that structure.
Invalidation is above 22100.
short term: Neutral and need a very good signal to either side for me to take it. Bears want 21000 and bulls at least 21800. My line in the sand is 21300.
medium-long term - Update from 2024-05-24: Will update this section more after the coming week but in general the thesis is as for dax. Down over the summer and sideways to up into year end. I don’t think the lows for this year are in.
trade of the day: Buying Globex open was the obvious trade but shorting the highs certainly was not and I think everyone was surprised by this bear strength today.
SPY/QQQ Plan Your Trade For 5-29 : Harami Inside patternToday's pattern suggests the SPY will stall within yesterday's body range and possibly trend a bit downward (after NVDA news/earnings).
I don't see the markets really extending much higher today as we are moving into a sideways Harami pattern, then into a CRUSH pattern tomorrow.
Gold and Silver are really making a big move higher this morning, which suggests traders are back to actively hedging against risk across the globe.
BTCUSD is trading flat/sideways - looking for some direction and, obviously, NOT RALLYING right now.
In my mind, the markets are struggling for direction, and Gold/Silver are showing that real risks are still elevated.
I also highlight my new Pure Alpha TTScanner algo and the work I'm doing to try to help more traders. The best part about what I do is that I get to create solutions/tools for traders. I love it.
Get some.
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SP500 // Stock Market Still a Buy? Here’s My ETF ApproachUnlike the Forex market, in the stock market—even when we’re hitting new highs and running out of chart space—it still makes sense to continue accumulating positions in U.S. indices. For a more profitable and diversified approach, ETFs offer a wide range of options: SPY, TQQQ, QQQ, and international ones like VEA.
Where do you trade stocks? I'm curious to hear what platforms and strategies others are using.
If you have any questions about building a portfolio or selecting ETFs, feel free to reach out. Happy to share insights and help where I can.
Wishing you consistency and strong returns.
SPY/QQQ Plan Your Trade Update For 5-28 : Calm Before The StormThis update is designed to help you understand why the SPY/QQQ/BCTUSD, as well as GOLD/SILVER and others, should stay rather FLAT today.
Unless there is some major news event (or other event) before the NVDA earnings data, I suspect the markets will stay very muted/flat through the close of trading today.
I hope you are all enjoying my 'Plan Your Trade' videos. Now that I've gotten through most of the family doctor/medical issues, it's back to work for me.
I'm working on a BTCUSD Cycle Pattern system as well as more advanced algos/trade triggers for subscribers.
Let me know how I'm doing. Is there something you want to see in these videos? Let me know.
Get some.
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SPX Bullish Patterns Emerging ahead of NVIDIA EarningsThe SP:SPX has taken out some major pivots and recaptured the ever so important daily 200 MA.
across multiple time frames some very interesting bullish patterns are emerging.
All eyes will be in NASDAQ:NVDA earnings tonight after the bell.
If NVIDIA beats and guides it will breakout of an epic bull flag pattern that will likely casue this market to trend to new All time highs.
Probabilities from a technical pattern standpoint are pointing towards higher price action.
We have already broken out and back tested key support levels and the buying is clearly being observed.
We remain net long with positions already in profit.
TSLA New ATH incoming? Overview of primary catalysts.After trading between $346 and $365 intraday on May 27, Tesla shares closed at $362.89—up modestly despite broader market headwinds and lingering investor skepticism.
Here’s a detailed breakdown of the primary catalysts shaping Tesla’s stock price (ranked 0–10):
1. Electric Vehicle Demand Growth
Strength: 9/10
Global EV adoption remains the single largest driver of Tesla’s top line. Despite slowing sales in Europe and China, overall EV penetration continues to surge as consumers shift away from internal-combustion engines.
2. Launch of Affordable Model (Entry-Level EV)
Strength: 8.5/10
Elon Musk has reiterated plans to unveil a sub-$25,000 EV in early 2025, targeting the mass market. Investors cheered a recent reaffirmation of focus on core products over peripheral projects.
3. Battery Cost Reductions & Margin Expansion
Strength: 8/10
Tesla’s relentless drive to lower battery pack costs underpins both profitability and price competitiveness. Q4 cost of goods sold dipped below $35,000 per vehicle, even as margins softened amid mixed volumes.
4. Autonomy & Robotaxi Progress
Strength: 7.5/10
Commercial robotaxi trials are slated to begin in Austin in June 2025, with a dedicated Cybercab in development. While regulatory and safety hurdles loom, the promise of recurring software subscription revenue could be transformative.
5. Competition from Other EV Manufacturers
Strength: 7/10
Legacy automakers and startups alike are ramping up EV offerings. Tesla’s U.S. market share has declined in recent years, highlighting intensifying pressure in key regions.
6. U.S.–China Trade Policies & Tariffs
Strength: 6.5/10
Fluctuating tariffs on Chinese EV imports have led to order suspensions and forecasting challenges. Trade-policy uncertainty remains a wild card given Tesla’s global supply chain.
7. Regulatory Incentives & Subsidies
Strength: 6/10
U.S. federal tax credits under the Inflation Reduction Act and similar programs in Europe and China support EV demand—and Tesla’s eligibility criteria will influence its market growth.
8. Commodity Price Volatility (Lithium, Nickel, Cobalt)
Strength: 5.5/10
Raw material cost swings can erode margins. While long-term supply agreements help, spot shortages or price spikes remain risks.
9. Fed “Higher for Longer” Interest Rate Environment
Strength: 5/10
Elevated real yields reduce the appeal of high-growth names like Tesla. A sustained hawkish stance from the Fed could continue to cap valuations, similar to how it weighs on non-yielding assets.
10. Corporate Governance & Elon Musk’s Public Profile
Strength: 4/10
Musk’s high-profile engagements and occasional controversies can politicize the brand, prompting sentiment-driven stock swings.
Catalyst Strength Rankings (May 2025)
🔸 EV demand growth: 9
🔸 Affordable Model launch: 8.5
🔸 Battery cost & margins: 8
🔸 Autonomy/robotaxi progress: 7.5
🔸 Competition: 7
🔸 Trade & tariffs: 6.5
🔸 Regulatory incentives: 6
🔸 Commodity costs: 5.5
🔸 Fed rates: 5
🔸 Musk profile: 4
Analyst Forecasts for 2025
| Analyst / Consensus | 12-Month Price Target | Rating |
| --------------------------- | --------------------- | ------------ |
| High | \$470.00 | – |
| Median | \$306.00 | Hold/Neutral |
| Low | \$115.00 | – |
| Average (Consensus) | \$306.29 | Hold |
| Dan Ives (Wedbush) | \$315 | Outperform |
| Adam Jonas (Morgan Stanley) | \$430 | Overweight |
* Consensus sees a range of \$115–\$470 with an average near \$306.
* Dan Ives trimmed his target from \$550 to \$315, citing tariff risks and political headwinds.
* Adam Jonas remains bullish with a \$430 target, viewing Tesla as an “embodied AI compounder” despite near-term brand challenges.
Where to Next for Tesla?
* Current price: \~\$362.89
* Key support levels: \$350 and \$340
* Next technical floor: \$330
* Upside triggers: Stronger-than-expected delivery volumes, breakthrough in full-self-driving (FSD) reliability, or renewed cost cuts.
Tesla’s stock remains a balance between long-term disruptive potential and short-term execution risks. While EV adoption and autonomous ambitions underpin a compelling growth narrative, margin compression, competitive pressures, and macro uncertainties will dictate volatility in the months ahead.
SPY/QQQ Plan Your Trade For 5-28 : Inside Breakaway PatternToday's Inside-Breakaway pattern suggests the markets may attempt to rally above yesterday's close on strong news or earnings. Today is the NVDA earnings day (after the close). I suspect trading will be somewhat flat ahead of these highly anticipated earnings.
Traders would be smart to position into a HEDGE ahead of the NVDA earnings this afternoon.
Obviously, if the earnings are good, the markets will react to the upside. If they are poor/weak, the markets could easily move aggressively downward.
All I know is the tariff moves over the past few weeks pushed gamers and others into buying high-end graphics cards back in April/May because everyone thought prices would skyrocket 30-50% or more. So, maybe NVDA will report strong revenue while costs increase.
It should be an interesting day after the close. Until then, I believe the markets will stay somewhat FLAT - anticipating NVDA data/comments.
Gold and Silver are still working through the FLAG APEX. Silver is already beyond the FLAG APEX and could make a big move higher at any moment. Gold still has one small downward price move to complete before the FLAGGING pattern is complete.
Overall, I believe Gold and Silver are forming a solid base near $3300/$33 for a strong rally in the future.
BTCUSD is stalling. In fact, the SPY/QQQ/BTCUSD are all stalling near the 0.75% Fib level (as shown on my charts). We may be setting up for that big breakdown I've been warning about. But, until we actually SEE price break out of the upward EPP Flagging channel - don't get overly confident of a BIG BREAKDOWN move.
My advice would be to HEDGE any aggressive trades you are trying to take right now. If you believe the markets are going to rally substantially, try to hedge that trade with some risk protection (longer-dated PUTS).
Today could be a catalyst day. We may get a breakout/breakdown move after NVDA's earnings/data.
Buckle up.
Get some.
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TSLA: Break-out above bull flag, possible cup and handle?So, a few days ago, I posted about a bull flag forming on the daily chart for Tesla. This flag pattern was a period of consolidation following an incredibly whooping rally from the $270 mark to around $350 (around a 30% or so gain).
Today, we have a new break-out from this consolidation period, and as of writing right now, Tesla is up 7%. It has now breached the $350 resistance level.
If you look more closely, the chart pattern resembles something close to a cup and handle pattern. You have the cup base going from the 20th of Feb 2025 all the way to the 14th of May 2025. Our bull flag which lasted between the 14th of May until the 23rd of May (last Friday), could as well be a handle for the cup base.
A break-out from not only the bull flag but the cup and handle could signal a massive move towards $400, however $375 and $390 could be points of resistance, and it would be wise to watch for a cooldown in the short-term.
Upcoming this week, it might worth mentioning that NASDAQ:NVDA earnings could have a strong impact on tech and affect Tesla - even if Tesla isn't much exposed to AI as the semiconductors.
To conclude, target is $390-$400 however as we all know, nothing is guaranteed :)
Note: Not financial advice. My analysis is not advice, rather just an idea. Please do your DD as well.
SPY/QQQ Plan Your Trade For 5-27-25 : Blank PatternToday's SPY Cycle Pattern is BLANK. This suggests the market will trend similarly to what we've seen over the past few days - likely melting upward.
A BLANK pattern is a price structure I have not identified as some type of price structure yet. I will check the data to see if I can find anything that correlates with this pattern throughout today.
Generally, we are rolling into a consolidation phase that may attempt to break higher or continue consolidating and roll downward.
Overall, the alignment with the Fibonacci trigger levels suggests the markets will continue to struggle near the ranges I've shown on my charts.
Gold and Silver are rolling downward - likely as a result of the EU tariff pause. That move to pause EU tariffs takes quite a bit of pressure off the metals markets.
I do believe the Gold/Silver will continue to try to rocket higher - but this week metals may stay somewhat flat and trend downward a bit.
BTCUSD is setting up a MASSIVE Excess Phase Peak pattern. This is a very big price rotation that could either INVALIDATE (upward) or CONFIRM (downward). If we get confirmation, BTCUSD could fall back below $75k very easily. If we get invalidation, the sky is the limit to the upside.
Ultimately, I believe the global markets need another 60-90+ days to settle with all the global trade/tariff and other issues before moving into a more bullish price trend.
We'll see if I'm right or not over the next 60-90+ days.
Get some.
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QQQ To Be DeterminedUsing the Potterbox strategy, we can see that we successfully bounced off the 4HR cost basis, or median at about $505.60 and closed above the top of the box at about $507.77.
I believe that to continue to the upside, we'll have to first secure the floor above at $511.50 with a 4 hour candle close. At that point, we'll have a chance to punchback with a candle close above cost basis at about $513.84. With that, we can look to head to the upside and use $522 as a price target.
On the other hand, if we drop below the top of the box that we closed above, we could retest cost basis at about $505.60 and if we get a candle close at that end, then we can look to continue downwards towards a $497 price target.
05-25-25 Risk Containment & Trading Strategy ExamplesSkilled Traders have learned to manage risk levels using techniques that allow them to preserve capital and move their assets towards future successful traders.
Some beginner traders get stuck trying to swing for the fences.
In this video, I try to share a common Fibonacci price/strategy technique where traders can attempt to limit risks while learning to identify efficient successful trade triggers.
Remember, taking a trade is the easy part. Protecting and growing your capital is much more difficult.
Please use the techniques in this video to learn how to protect and manage your capital.
Get some.
Happy Memorial Day.
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QQQ Trading Opportunity! BUY!
My dear friends,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 509.27 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 514.96
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK