Weekly $SPY / $SPX Scenarios for May 12–16, 2025 🔮 Weekly AMEX:SPY / SP:SPX Scenarios for May 12–16, 2025 🔮
🌍 Market-Moving News 🌍
📊 Inflation and Retail Sales Data in Focus
Investors are closely watching this week's release of the Consumer Price Index (CPI) on Tuesday and Retail Sales data on Thursday. These reports will provide insight into inflation trends and consumer spending amid ongoing tariff concerns.
🤝 U.S.-China Trade Talks Resume
High-level trade discussions between the U.S. and China are set to continue this week in Switzerland. The outcome of these talks could significantly impact global markets and investor sentiment.
💼 Key Corporate Earnings Reports
Major companies including Walmart ( NYSE:WMT ), Cisco ( NASDAQ:CSCO ), Applied Materials ( NASDAQ:AMAT ), and Take-Two Interactive ( NASDAQ:TTWO ) are scheduled to report earnings this week. These reports will offer insights into consumer behavior and the tech sector's performance.
🏦 Federal Reserve Speeches
Federal Reserve Chair Jerome Powell is scheduled to speak on Thursday, with other Fed officials also making appearances throughout the week. Their comments will be analyzed for indications of future monetary policy directions.
📊 Key Data Releases 📊
📅 Monday, May 12:
No major economic data scheduled.
📅 Tuesday, May 13:
8:30 AM ET: Consumer Price Index (CPI) for April
📅 Wednesday, May 14:
10:30 AM ET: EIA Crude Oil Inventory Report
📅 Thursday, May 15:
8:30 AM ET: Retail Sales for April
8:30 AM ET: Producer Price Index (PPI) for April
8:30 AM ET: Initial Jobless Claims
9:15 AM ET: Industrial Production and Capacity Utilization
10:00 AM ET: Business Inventories
2:00 PM ET: Federal Reserve Chair Jerome Powell speaks
📅 Friday, May 16:
8:30 AM ET: Housing Starts and Building Permits for April
10:00 AM ET: University of Michigan Consumer Sentiment Index (Preliminary) for May
S&P Global
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
SPDR S&P 500 ETF (SPY)
Weekly Market Forecast: Wait For BUYS! Stock Indices and GoldIn this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of May12 - 16th.
The Stock Indices were sluggish last week, holding at support. Wait for a market structure shift to the upside to confirm buys.
Gold and Silver may move higher, as India and Pakistan, Gaza and Ukraine are increasingly troublesome.
CPI Data on Tuesday. This could be a strong market mover.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
$SPX Urgent! My <3 & My Soul: Slow Bleed Crash to 3k by Q4 26' Do be warned. Very important post here. I put my heart and soul into this. I made a video earlier and then it got deleted by accident, so I made a less happy one right after. I've got news for all the bulls and investors out there that feel they will be able to continue buying every single dip out there. Get ready for the dip that keeps dipping. Big names already cracking heavy. NASDAQ:META NASDAQ:TSLA NASDAQ:AMD NASDAQ:NVDA to name a few. Big tech is getting cleaned out and layoffs are on the rise. Tariffs create huge amounts of uncertainty. I don't feel like this is rocket science. Buffet is all cash. 89% of Hedge Fund managers believe the US market is the most expensive its ever been and Tutes have been selling at the highest rate ever before. I think it's time the US finally gets a shake down. Bullish conditioning has been running rampant, and I've seen Social Media Accounts discourage charting and only paying attention to price action? Price action involves the entire collective, not just one Timeframe. Anyways, here's an overlay from 01' ... the only one I could find that matches. Says short 560 around May 7th and then take profits around 500 again. Let's make this a nice one. Calls till 560 into May then flip to Puts into June. From then short 530 every time you can. $450 is My first target after we break previous lows. I will update as we go. Have a good one yall.
Trade Idea: $MSFT Short to $418 and beyond into JuneTriple bearish divergence is evident on Volume, RSI, and Momentum. The 9-count sell signal on the daily chart further supports the likelihood of a sell-off at this point. If the price falls below $425, a swift decline to $418 is anticipated, where the true test of the Fair Value Gap (FVG) below will occur. The Fair Value Gap open is at $392.45. Stop would be above yesterday's high at $439.50 ...
SPY My Opinion! SELL!
My dear friends,
Please, find my technical outlook for SPY below:
The price is coiling around a solid key level - 564.32
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 539.96
Safe Stop Loss - 577.94
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
SPY: Short Signal Explained
SPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short SPY
Entry Point - 564.32
Stop Loss - 575.90
Take Profit - 539.83
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
May 9th Trade Journal & Stock Market AnalysisEOD accountability report: +440
Sleep: 6 hour, Overall health: :thumbsup:
I have been traveling the last few days and didn't have a chance to trade. just finally catching up on things again and getting hte videos out.
Daily Trade recap based on VX Algo System
— 9:44 AM Market Structure flipped bearish on VX Algo X3!
— 10:30 AM Market Structure flipped bearish on VX Algo X3!
— 1:10 PM VXAlgo ES X1 Buy signal
— 2:09 PM Market Structure flipped bullish on VX Algo X3!
— 2:10 PM VXAlgo NQ X1 Sell Signal
Next day plan--> Over 5650 = Bullish, Under 5650 = Bearish
Video Recaps -->https://tradingview.sweetlogin.com/u/WallSt007/#published-charts
SPY (S&P500 ETF) - Testing Key Resistance Levels - Weekly ChartSPY (S&P500 ETF) is currently attempting an uptrend rally, bouncing up from the April 7th 2025 support level ($488) and weekly support trendline.
The current resistance price level is $569 above, and the support price level below is $555.
SPY price needs to remain and close above $522 in May 2025 to maintain the current uptrend rally.
Resistance price targets above: $569, $578, $600, $610.
Support price targets below: $555, $542, $533, $512.
Tariff and trade deal news, corporate earnings, government law changes, and consumer sentiment will continue to affect the stock price action of SPY.
Support price levels need to hold for an uptrend to continue in 2025.
S&P 500 Braces for a Drop to $5,100–$5,177: Correction Coming?S&P 500 Braces for a Drop to $5,100–$5,177: Is the Correction Coming?
SP500 Reached the target of $5,680 - $5,800 and is going into correction along with Bitcoin 🤔.
Before:
After:
➖ The S&P 500 could fall to the 5100–5177 range due to the following fundamental factors:
FOMC Meeting on May 7: Expected rate hold and potentially hawkish rhetoric from Powell could amplify fears of rate hikes, hitting growth stocks.
➖ Trade War: Uncertainty in U.S.-China negotiations and risks of new tariffs threaten supply chains and corporate profits.
➖ Weak Economy: GDP contraction (-0.3% in Q1), recession fears, and weak PMI data fuel pessimism.
➖ Corporate Earnings: Disappointing guidance from key companies (e.g., Apple, Tesla) could trigger sell-offs.
➖ Sentiment on X: Bearish sentiment reflects market caution.
➖ Global Risks: Retaliatory tariffs and rising gold prices signal a flight from U.S. assets.
Assumption: If the Fed on May 7 emphasizes inflation risks and delays rate cuts, and tariff news remains negative, the S&P 500 could break support at 5500 and reach 5100–5177 within 1–2 weeks, especially amid technical selling and market panic.
$LDOS Earnings Beat and Cup BaseI have been long NYSE:LDOS since March 17th with a ½ size position. I have come close to being stopped out but, my stop never hit. I was up enough that I held through earnings on May 6th. I would expect that it could form a small handle on this cup base, but it may not.
I like the fact that it is above all the Moving Averages. I am not an expert at Fibonacci lines, but it looks like we are right at the .382 retracement area and what is a small resistance area as well. Once through that area, the 50% retrace aligns with another area of resistance. At around $160 – 165 a share.
They were upgraded to Overweight by Wells Fargo with a price target of $200.
If you like this idea, please make it your own so it aligns with your trading / investing plan.
Leidos Beat Expectations
Tuesday, May 6, 2025 at 6:00 AM ET
Leidos (LDOS) reported earnings of $2.97 per share on revenue of $4.25 billion for the first quarter ended March 2025. The consensus earnings estimate was $2.47 per share on revenue of $4.08 billion. The Earnings Whisper number was $2.54 per share. The company beat expectations by 16.93% while revenue grew 6.79% on a year-over-year basis.
The company said it continues to expect 2025 earnings of $10.35 to $10.75 per share on revenue of $16.90 billion to $17.30 billion. The current consensus earnings estimate is $10.51 per share on revenue of $17.09 billion for the year ending December 31, 2025.
Leidos Holdings Inc. is an applied technology company delivering solutions and services that leverage the power of data analytics, systems integration, and cybersecurity across three markets: national security, health, and engineering.
Tag ‘n Turn → Bear Mode EngagedV-Shape Reversal Confirms Short Bias
You ever see a setup pull a fakeout, tease a breakout, then pivot perfectly back into your system?
That was yesterday.
The Tag ‘n Turn gave us another clean swing exit off the upper Bollinger Band, and while I was ready to defer the next entry, a tidy little V-shaped reversal handed us the confirmation we needed. We’re back bearish. Levels are set. Now we let the market do its thing.
---
SPX Market View
Let’s unpack the sequence.
Price ran up into the upper Bollinger Band and triggered the final legs of our overnight swings. That was the cash-out point – system clean, profits booked.
But I wasn’t diving into the next setup just yet.
Why?
Because it looked like the start of a Bollinger breakout – the kind that breaks the pinch and rips higher. So I paused. Waited.
Then came the V-shaped reversal – clear as day within 2 hours.
Entry happened late in the day, around the same level the mechanical Tag ‘n Turn would have fired. No edge lost. Just added confirmation.
Now? The system is officially bearish again, with a firm rejection at highs and a sharp drive lower that flipped the tone of the day and the bias on the chart.
Today’s key levels:
5620 = GEX flip zone
Also where we bounced up post-FOMC
5680 = resistance zone – could mark today’s top
We’re back in the pre-FOMC chop zone.
The plan:
Bearish until price tells us otherwise
Hedge levels marked
No chase
Wait for price to hit our zone
Let the system print
Expert Insights:
Jumping the gun on reversals – wait for structure, not assumptions.
Chasing breakouts too early – pinch points often fake before they break.
Skipping levels – 5620 and 5680 matter. Mark them or risk regret.
Overmanaging overnight trades – exits were planned. Trust the system.
Forcing direction changes – confirmation > prediction. The system knows.
Satirical cartoon showing confirmation over prediction.
Rumour Has It…
Word is the SPX reversal was caused by a rogue intern at the Fed who mistook the breakout chart for a bowl of ramen and tried to stir it with a mouse. After rebooting TradingView, they accidentally submitted a bearish policy note to Bloomberg. The market reversed out of pure confusion.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
---
Fun Fact
The term “V-shaped reversal” originated in early floor trading days when chalkboard analysts would literally sketch a V on the board as a real-time note to floor brokers. That visual shorthand became one of the most recognized intraday patterns in trading – a pattern that still works in a world of tickers, bots, and zero-DTE.
SPY/QQQ Plan Your Trade for 5-9 : Inside-Breakaway PatternI will be unavailable tomorrow morning to do my normal Plan Your Trade video at 5am. So, I'm delivering this video for all of you tonight to assist you with the SPY cycle pattern tomorrow.
As soon as I get my brother settled in for his surgery, I'll find a Starbucks and settle in to check on the markets.
This is a short video - so please understand the context of the markets may depend on what happens overnight.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
$SPY Its time according to my chart.. Lower high is the trigger I posted two charts for reference to the current situation. With a historic rally right into resistance and a fractal analog that matches, I have no choice but to remain bearish. These are my studies. Sometimes Impatience leads to things like Impulsive Entries and Exits, Revenge Trading, and at times, even Blown Accounts. Times like those should be followed by a regroup and a reset.
The 9 Count Sell Signal Triggered with a Reset is on Technical Inidators for a move lower. I do believe we are going to consolidate for several days but nothing further than the second week of May. Today Bulls got extremely bullish and still were not able to hold the highs into the close. The test of the 200 day SMA was rejected and several days near these leveles whether above or below, would prove the downside move more possible. The monthly on SPX is my biggest indicator, personally. If it follows the pattern I'm following then after a test of the 10WMA, we will roll back over on the next 10 day candle. The market ran through a death cross without stopping, which if anyone were to study for several minutes, they would be able to see any first attempt at a death cross to the upsde is almost immediately met with a selloff back to the lows of the breakout move. Good luck everybody.
Nightly $SPY / $SPX Scenarios for May 9, 2025 🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 9, 2025 🔮
🌍 Market-Moving News 🌍
🚢 Maersk Adjusts Outlook Amid U.S.-China Trade Tensions
Global shipping giant Maersk reported better-than-expected Q1 profits but lowered its forecast for global container volume growth, citing uncertainties from the ongoing U.S.-China trade war. CEO Vincent Clerc highlighted that while U.S.-China shipping volumes have declined, the rest of the world remains stable.
🇺🇸 Fed Officials to Speak Post-Meeting
Following the Federal Reserve's decision to maintain interest rates, eight Fed officials are scheduled to make public appearances today. Investors will be keenly observing their remarks for insights into future monetary policy directions.
📈 Markets React to Trade Developments
U.S. markets closed higher yesterday, with the Dow gaining 250 points, as investors responded to President Trump's encouragement to 'buy stocks now' amidst ongoing trade negotiations.
🛠️ U.S.-U.K. Trade Deal Finalized
The U.S. and the U.K. have agreed on a trade deal involving reduced tariffs and adjustments to digital services taxes. This development is expected to influence sectors ranging from automotive to digital services.
📊 Key Data Releases 📊
📅 Friday, May 9:
3:00 PM ET: Consumer Credit (March)
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
May 8th Trade Journal & Stock Market AnalysisEOD accountability report: +463
Sleep: 6 hour, Overall health: :thumbsup:
I have been traveling the last few days and didn't have a chance to trade. just finally catching up on things again and getting hte videos out.
**Daily Trade recap based on VX Algo System**
— 10:20 AM VXAlgo ES X1 Buy signal (2x signal)
— 11:30 AM Market Structure flipped bullish on VX Algo X3!
— 12:30 PM VXAlgo ES X1 Sell Signal (2x signal)
— 2:11 PM Market Structure flipped bearish on VX Algo X3!
— 3:00 PM Market Structure flipped bullish on VX Algo X3!
Next day plan--> Over 5650 = Bullish, Under 5650 = Bearish
Video Recaps -->https://tradingview.sweetlogin.com/u/WallSt007/#published-charts
SPY/QQQ Plan Your Trade Update : Finding Confirmation & MoreThis video will become the start of more advanced training videos to help all of you understand how to use your own skills/tools/resources to try to find the best opportunities.
As I state in the video, I will never tell you what to trade. EVER!
It is unethical and illegal. I'm not a broker or financial advisor.
I'm a software developer/trader and I like to try to unlock the secrets of the markets using price action and inference models (and more).
This video teaches you how to use my CRASH INDEX and the SuperTrend indicator as a way to develop better allocation and risk protection skills for your own trading.
Let's face it - trading is about developing a process to consistently GET PROFITS. It doesn't really matter if they are 10%, 20%, 30% or more. If you are able to consistently execute good trades and PULL PROFITS - you will grow your account- right?
So stop swinging for the fences. Learn to develop skills that keep you on the right side of these big trends.
It's not that hard.
In this video I try to teach you to use Daily, Weekly, 240 min, 120 min, 60 min, 10 min, and 5 min data using my Crash Index to help you learn to trade the SPY/QQQ.
The Crash Index is suited for the SPY/QQQ in most cases. There are instances where the Crash Index may reflect some type of counter-trend - so remember to use Fibonacci Price Theory on the underlying symbol (SPY or QQQ) as final confirmation.
And, remember to try to understand primary trending (longer-term trending) vs. short-term trending. If you are going to try to trade a "counter-trend" swing - cut your trade allocation down by 50-60% (or more). Counter-trend swings are usually going against the major/primary trend.
Anyway, watch this video once or twice. I hope it helps all of you understand and build your own skills to trade more efficiently.
The trick is to get it down to a process where you know how to allocate your capital and you know how to confirm/invalidate trade setups/triggers.
Once you get to that point - you turn into a trading machine. The only step of the process that is really difficult to handle/manage is the BOOK IT phase. If you book your profits early - you may feel bad about leaving profits out there you could have had. But, a PROFIT is a PROFIT.
And the goal of trading it to PROFIT more than you LOSE - right?
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
Beyond The Plan Your Trade Videos - Trading Algos/ConfirmationMany of you follow my morning Plan Your Trade videos - and I thank you for your loyalty and dedication.
The Plan Your Trade videos are specifically deigned to highlight my SPY/GOLD Cycle Patterns and, over the course of the past 9+ months, I've started trying to teach all of you Fibonacci Price Theory and the concept of the Excess Phase Peak pattern (and Cradle Pattern).
My goal is to teach you to learn to understand price structures, setups, and actions as a way to try to advance your technical analysis/trading skills.
There are so many others out there trying to teach you to use indicators and other types of analysis to try to identify trading opportunities/setups. Some work, some don't.
Technical analysis using Indicators, Elliot Wave, or other forms of predictive analysis/AI are only about 50-75% accurate at best (IMO). Nothing is 100% perfect.
After 35+ years of trying to unlock the secrets of price action to devise a 100% accurate trading system, the closest I have come is a system that generates about 65-75% accuracy - but still manages to take some losses.
I do believe I can find that 100% accurate system (hopefully before I die). But the reality is it is almost impossible to accurately predict price movement 10-20+ days in advance with any degree of accuracy.
Over the past few weeks/months, we've seen the SPY/QQQ move through various stages/phases.
Over the past 4+ weeks I've been warning of the broad-consolidation phase that is currently setup on the SPY/QQQ. I believe this huge consolidation range is very dangerous for traders and that extreme volatility will create lots of risk/opportunities for those capable of trading within this range.
But, at the same time, failing to take advantage of tools to help traders hedge, daytrade, or otherwise balance allocation/risk levels is something I really don't talk about much.
I like to say "I do the research - you make all the trading decisions".
This video highlights some of my advanced algos and how I use them, in conjunction with the EPP and other patterns, to try to gauge market opportunities vs. risks.
Trust me. I've learned not to GO BIG on trades over the past 20+ years because I've blown up a few accounts trying to get greedy.
Right now, I focus on trying to be on the right side of trends (if possible) and to balance my portfolio in 10-20% increments.
For example, if I believe GOLD is going to move higher, I may start out with a 5-10% allocation into GLD or UGL (start small). If that trade works and Gold starts to make a move higher, I may try to add a bit more to that initial trade. If it doesn't work out, I may try to add a little bit more at a better entry price level - but I focus on not letting that trade occupy more than 15-20% of my total portfolio.
That way, if I take a loss on the trade, it is a small loss compared to the overall account capital.
If I take a 50% loss on a 20% allocation - that is only a 10% loss on the TOTAL ACCOUNT SIZE.
Get it?
So, the reason for this video is to show you how you can still use technical strategies/indicators to try to confirm you intraday trading and swing trading opportunities. I like to use the SuperTrend strategy on charts to identify general trending.
I'm urging you to consider my Plan Your Trade videos as "one component" of your skillset. You need to use your own skills/techniques/analysis to try to manage risks vs. opportunities as you continue to trade.
I highlight some of my algos because they become another "component" of my analysis when I'm trading. If I don't see broad market capitulation related to Daily trending - then I try to stay VERY CAUTIOUS. If I do see some capitulation within my algos suggesting the markets are starting to trend upward or downward, then I may try to take advantage of that opportunity.
Ideally, the process of trading is to use everything you like and can rely on to help confirm you decision-making. Then, fall back to a efficient trade allocation process that attempts to limit your risk level.
The biggest mistake I see people make is to go ALL IN or TOO HEAVY into a trade thinking they can't lose. Yes, you can lose. So can I.
That's why it is important to contain risks and protect capital at all times.
I'll try to create another video showing you how I use the SuperTrend indicator to help confirm some of my intraday analysis for trades.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
SPY/QQQ Plan Your Trade For 5-8 : EPP & Cradle Pattern UpdateThis video highlights why I continue to stay very cautious of this upward price move in the US markets.
It also highlights that the current trend is BULLISH - not BEARISH. When I post the videos in the morning, I've been selecting BEARISH as the general trend because I believe the markets are going to roll over into a breakdown phase. Until that happens, though, the markets are in a BULLISH price trend - attempting to possibly break above the current Ultimate High.
This is more of an instructional video - trying to show you why I continue to urge caution related to trends and why I belive we may have many months to go before the US markets really start to make a bigger "exit trend" type of move (exiting this broad consolidation range).
The other thing this video should teach you is how to identify EPP and Cradle patterns more efficiently and how to use them.
Ultimately, everything I share with all of you is designed to help you understand price as the ultimate indicator.
If you can grasp these concepts and understand how each phase of price structure presents opportunities, then you should be able to time and execute your trades very efficiently.
As I've stated in the videos, because of family medical issues over the past 60+ days, I've moved away from daytrading and gone back to a 2-5+ week swing trading style.
Simply put, I'm driving all over the place taking care of my family, seeing doctors, and other stuff - so I can't stare at my PC/Phone while the markets are open.
I'm also taking very low risk trades. If I decide to get into a trade, I'm usually avoiding the SPY/QQQ and selecting some SPDR sector (or other ETF) that allows me to play the move I expect without risking a fortune doing it.
Anyway, I hope you enjoy this video. I'll probably create one more after this video posts.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
$SPY / $QQQ – Bull Flag Breakout in Progress?📈 Both AMEX:SPY and NASDAQ:QQQ just broke out of bull flag patterns after a strong recovery from the April lows.
🔍 Technical setup:
Flags formed after a vertical rally ✅
Breakout candles with follow-through ✅
Still riding key EMAs (20/50) with decent volume ✅
📌 Targets based on flagpole projection:
AMEX:SPY → ~582–590
NASDAQ:QQQ → ~505–510
However… mind the context:
We’re heading into macro risk events, and positioning is getting crowded.
These breakouts need confirmation via volume + higher high closes.
SPX500 local top at 5700? Serious retrace could hit 5500SPX back to its "Liberation Day" highs and possible end of local wave.
Local 4.236 fib at 5700.72 may have marked end of this wave up.
Dip targets include the various green fibs but major target 5505.42
Green Zone below is a MUST HOLD or we return to Bear Markets.
.
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Previous Charts below
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Major TOP call:
Liberation Day top call:
Tariff Relief road map:
================================================================
.
2025 forecast NYA Wave B top nearing 20% decline plusThe chart posted is that of the NYA .12/8 /2024 Major wave B top forming target 20,190 alt 22130 . Cycles are bearish into 2025 and well into oct 2026 Depression Like decline . into oct 2026 . First big decline should take us down into the spiral turn date 3/10 2025 week . in what should be an 11.8 to 16.6 % decline we should then see a rally into Mid July to Sept 2nd Then cycles begin next bear cycle phase . Down hard in most of 2026 The market in this decline should take us down about another 26 to 35% in wave 3 , The final low if the big picture is correct should see a major low oct 10/20 2026 the total decline should be 38% to 44 % Gold should see 1050 to 1489 . Bonds should form a rally but will fail over n over . BMV:US should see 119 to 121 handle in 2025 by mid oct 2025 . . Tariffs and the trade war are the main reason . But the markets since 2009 have been Liquidity driven with zero rates forced money flows into Assets 2025 will see a Deleveraging of inflation assets as we decline in housing markets based on the 18.8 year cycle in housing . Unemployment will see a sharp rise into 5.5 -6.1% into oct 2025 . based on downsizing of the federal workers Bitcoin will see a drop min 42/35 and a final low is 18500 to 22100 peak to low . . In dec 2021 Forecast called for a 20 plus decline into oct 10 to the 20th 2022 into 3510 to 3490 in the sp 500 .Dec 2022 forecast was calling for a rally to new highs in all indexes . In dec 2023 forecast called for the sp to reach 5636 to 5818 and the year of a vix of 29 or better we saw 60 . What next is at most I have said is a target in the sp of 6183/6235 We may or may not reach that But if is going to it will be jan 2 to the 20th 2025 . The last of the money flow . Best of trades WAVETIMER