Nightly $SPY / $SPX Scenarios for June 10, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for June 10, 2025 🔮
🌍 Market-Moving News 🌍
📱 Apple Disappoints at WWDC Keynote
Apple ( NASDAQ:AAPL ) faced criticism after a lackluster WWDC keynote. Major AI and Siri upgrades were delayed, prompting a 1–1.5% drop in Apple shares—the weakest move during today's presentation
🎮 GameStop to Report Q1, Crypto Pivot in Focus
GameStop ( NYSE:GME ) is scheduled to announce Q1 earnings after market close. Investors will be watching for updates on its $500M Bitcoin allocation and potential crypto-related strategies
📈 Small-Business Optimism Rises
The NFIB Small Business Optimism Index for May came in at 95.9—above the 94.9 consensus—showing modest improvement in sentiment among small firms
📊 Key Data Releases & Events 📊
📅 Tuesday, June 10:
6:00 AM ET – NFIB Small Business Optimism (May):
A reading above expectations could boost risk market sentiment by showing stronger Main Street confidence.
⚠️ Disclaimer:
This is for educational/informational purposes only and does not constitute financial advice. Please consult a licensed professional before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
SPY trade ideas
Update on the markets and what may come in June/JulySPY reached 90% of the down move from the top today, and that could be significant if we completed a larger B wave. Gold lost it's balance and probably goes lower. Oil is breaking up, as of now looks bullish. BTC had a nice pump but I think it will go lower.
SPY JUNSPY – June Update
SPY continues to trade within a well-defined ascending channel, with bullish momentum intact.
Price is currently approaching a major resistance at 608, while holding above the key support at 590.
Immediate upside target: 608, followed by potential extension toward the gap fill near 611.
If price fails to hold above 590, downside pressure could lead to a retest of the gaps at 550 and 530, which act as major support zones.
As long as SPY remains above the channel midpoint and above EMA20 (585.77), the bullish structure remains valid.
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Nightly $SPY / $SPX Scenarios for June 6, 2025 🔮 Nightly AMEX:SPY / SP:SPX Scenarios for June 6, 2025 🔮
🌍 Market-Moving News 🌍
🇺🇸 U.S. Labor Market in Focus
Investors are closely watching the upcoming May employment report, which is expected to show a gain of 125,000 jobs, down from 177,000 in April. The unemployment rate is anticipated to remain steady at 4.2%. These figures will provide insights into the labor market's response to recent economic pressures, including tariff impacts .
🇮🇳 RBI Expected to Cut Rates Amid Low Inflation
The Reserve Bank of India (RBI) is anticipated to announce a 25 basis point cut in the repo rate on June 6, marking the third consecutive reduction. This move aims to support economic growth amid persistent low inflation and global uncertainties .
📊 Key Data Releases 📊
📅 Friday, June 6:
8:30 AM ET – U.S. Employment Report (May):
Analysts expect non-farm payrolls to increase by 125,000, with the unemployment rate holding at 4.2%. Average hourly earnings are projected to rise by 0.3% month-over-month. These figures will be critical in assessing the health of the labor market and potential Federal Reserve policy actions .
3:00 PM ET – U.S. Consumer Credit (April):
The Federal Reserve will release data on consumer credit, with forecasts predicting an increase of $10 billion. This report will shed light on consumer borrowing trends and financial health .
⚠️ 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
SPY: Swing Trading & Technical Analysis
Balance of buyers and sellers on the SPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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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SPY/QQQ Plan Your Trade For 6-6 : Inside-Breakaway Counter-TrendToday's pattern suggests the markets may attempt a Counter-trend type of Inside Breakaway pattern.
I read this as a downward price trend (counter to the current upward price trend).
The markets seem to have bounced overnight - prompting a potentially strong opening price level.
If my Inside-Breakaway shows up today, things could get very interesting if a breakdown in price sets up.
Many of you know I've been expecting a broader market breakdown to take place - sending the SPY/QQQ down about 7% to 13% or more.
It hasn't happened yet and the SPY/QQQ continue to try to push a bit higher - but, until we break to new highs, the breakdown event is still possible.
Let's see how things play out today. Platinum is showing that the global markets are entering an extreme speculative phase (very similar to 2000-2008). Transports are stalling, showing the US economy is expected to weaken over the next 3+ months.
Imagine that. Speculation is ramping up while the US market may move into a recession in H2:2025. Wow.
We certainly live in interesting times.
Get some.
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SPY/QQQ Plan Your Trade For 6-3 : Carryover in Carryover modeToday's pattern suggests we may see more upward price consolidation/trending.
As many of you already know, I've been tracking the Excess Phase Peak pattern all the way up this incredible rally from the $480 lows on the SPY. In my opinion, we have moved into the "island" topping phase where price is struggling to break either upward or downward right now.
Currently, price seems to be attempting to break to the upside after yesterday's meltup. Today should be interesting because we could see solid REJECTION of yesterday's move with a big breakdown move. We'll see how things play out.
The SPY trend is still BULLISH based on my research. Thus, until and IF we get a breakdown, traders should continue to expect a MELT UP type of trend in the SPY/QQQ.
Hedging trades is a good idea right now.
Gold and Silver had a big move early this week and have not stalled into a sideways FLAGGING trend. By my estimates, the APEX of the flag will come near 1900-2100 today (Wednesday 6-3). That is when I think Gold/Silver will attempt to move into extreme volatility and attempt to make another big move.
I hope it is to continue the upside price trend, as this breakout move needs to push higher (breaking recent highs) for metals to move into a new dominant upward price trend.
BTCUSD is trading sideways - possibly setting up that DOUBLE-TOP pattern I suggested was going to take place on 5-20-25. Now, with Bitcoin leading the US markets by about 3-5 days (on average), we'll see if BTCUSD can attempt to move into another rally phase or if BTCUSD breaks below the $103k level and moves into a new downward price phase.
In my opinion, look out below.
Get some.
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Nightly $SPY / $SPX Scenarios for June 4, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for June 4, 2025 🔮
🌍 Market-Moving News 🌍
🌐 Markets Rally on Chinese PMI Surprise
China’s Caixin Manufacturing PMI unexpectedly climbed to 50.8 in May, signaling expansion in smaller export-focused factories. Asian markets jumped, lifting U.S. equity futures as investors recalibrated global growth expectations .
📉 U.S. Factory Orders Remain Soft
April’s U.S. Factory Orders fell 0.4%, underscoring persistent weakness in industrial demand amid elevated input costs and trade uncertainty. Declines in durable-goods orders weighed on industrial stocks .
🏦 Fed’s Bowman to Speak on Economic Outlook
Fed Governor Michelle Bowman is scheduled to deliver remarks at 2:00 PM ET, likely emphasizing caution on future rate moves given mixed data. Markets will watch for any shifts in tone regarding inflation risks and labor-market resilience .
🛢️ Oil Prices Slip on Rising U.S. Inventories
U.S. crude inventories rose by 3.8 million barrels last week, according to API data, pressuring oil prices lower and dragging energy shares down as supply concerns outweighed strong demand signals .
📊 Key Data Releases 📊
📅 Wednesday, June 4:
2:00 PM ET – Fed Governor Michelle Bowman Speaks
Remarks on economic outlook and monetary policy, watched for any hints on the Fed’s next moves.
⚠️ 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
SPY New All Time Highs IncomingThe #SPY weekly chart is so bullish but don't take my word for it.
Simply look at the weekly bullish crossover that occurred between the 7 week & the 20 Week MA.
The last time this occurred was in Nov 2023 and the markets ripped 19% before having a major 3 week pullback and then another soaring continuation higher.
Nightly $SPY / $SPX Scenarios for June 18, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for June 18, 2025 🔮
🌍 Market-Moving News 🌍
💼 Business Inventories Flat in April
U.S. business inventories held steady in April, indicating stable consumer and wholesale demand. That suggests production won't need to cut sharply in the near term, supporting GDP outlook
🏭 Industrial Production Slips
Industrial output declined 0.2% in May, signaling ongoing weakness in factory activity amid less favorable global trade conditions .
🌐 Geopolitical Pressures Persist
Heightened tension in the Middle East continues to pressure risk assets. Investors remain focused on safe-haven flows into gold, Treasuries, and defensive equities, with analysts noting the risk backdrop remains tilted to the downside
📊 Key Data Releases 📊
📅 Wednesday, June 18:
8:30 AM ET – Housing Starts & Building Permits (May)
Measures new residential construction — leading indication of housing sector health.
8:30 AM ET – Initial Jobless Claims
Tracks the weekly count of new unemployment filings — useful for spotting early labor-market weakening.
2:00 PM ET – FOMC Interest Rate Decision
The Federal Reserve is expected to hold steady. Market focus will be on any commentary that hints at future tightening or easing plans.
2:30 PM ET – Fed Chair Powell Press Conference
Investors will parse Powell’s remarks for guidance on rate paths, inflation trends, and economic risks.
⚠️ Disclaimer:
This is for educational/informational purposes only and does not constitute financial advice. Consult a licensed advisor before making investment decisions.
📌 #trading #stockmarket #economy #housing #Fed #geo_risk #charting #technicalanalysis
(No) IdeaWhy the handle of "The Uncertain Trader"? Let's check the daily SPY (S&P 500 ETF) chart just after the close of 17 Jun 2025;
I've got no idea where this thing is going.
Thus the handle.
No one has any idea where this is going. If they insist they do they are selling you something. In the words of Brad Hamilton, "Learn it. Know it. Live it".
However, one must form a hypothesis to trade from, right or wrong. And TradingView has excellent tools to do so AND a FREE social network to share such theories.
Back to SPY, I have my suspicions;
SPY closed at 597.53, below it's all-time high of 611.39 (gray line and box) from Feb 19 and above it's 200 day simple moving average of 577.41 (purple line and box). Besides some support at 595.48 (arrow), which is way too close to be useful, and maybe resistance at Wed's high (also too close), there's really no other obvious support or resistance. So, it's ~14 points to the solid resistance at that significant high and ~20 points to support. If one goes long it's 20 points to be proven wrong, 14 points to the good and where the trade will likely stall - not a good reward to risk. Going short is a little better, with 20 points to support with 14 points of risk, but still a rather meager reward to risk.
And now factor in an FOMC meeting tomorrow (Wed 18th). SPY could easily hit one of those marks (2.3% up, 3.4% down), or both, tomorrow afternoon.
The (safer) play is to hold off, stay neutral, and let SPY resolve this, up or down. Let it test/hold it's all-time high or it's 200-day.
Again, I have no idea where this is going - just my theory.
And please, read the following and, again, "Learn it. Know it. Live it";
My ideas here on TradingView are for educational purposes only. It is NOT trading advice. I often lose money and you would be a fool to follow me blindly.
SPY Breaks Rising Wedge! Gamma Wall Rejected. Jun 17SPY Breaks Rising Wedge! Gamma Wall Rejected — Bearish Momentum Building Into OPEX 🔻
🔬 GEX (Gamma Exposure) Sentiment Breakdown:
* Gamma Resistance Above:
* Gamma Wall / Call Resistance: $602
* $603–$604.50 = additional CALL walls (2nd & 3rd tier resistance)
* $606.37 = Local high; unlikely to reclaim without macro tailwind
* PUT Walls / Downside Zones:
* $597 = HVL + Key Flip Level
* $595 = 1st Major PUT Support (Highest negative NET GEX)
* $593 / $590 = deeper GEX-supported flush zones
* Options Flow Metrics:
* IVR: 19.4 (slightly below avg)
* IVx avg: 19
* PUT Flow: 91.5% 🟥
* GEX Sentiment: 🔴🔴🔴 (Bearish dealer positioning + skewed delta exposure)
* Interpretation:
* Heavy call rejection at $602 combined with high PUT flow suggests dealers are short gamma.
* If SPY closes below $597, gamma exposure flips net negative — potential acceleration into $595/$593.
🧠 15-Minute SMC Breakdown:
* Current Price: $598.00
* Structure Overview:
* Clean rising wedge break
* Two CHoCHs confirmed at top → shift from bullish to bearish control
* Price broke into demand box (~$597–$598), testing support
* Volume spiked on breakdown = institutional participation confirmed
* Trend View:
* Uptrend is broken.
* Now entering potential distribution-to-downtrend transition phase
🧭 Trade Scenarios:
🟥 Bearish Breakdown Setup (High Probability):
* Trigger: Clean breakdown below $597
* Target 1: $595 (GEX Put wall)
* Target 2: $593 / $590
* Stop-loss: Above $600.50
Gamma flip + SMC structure shift supports downside. Dealer flows likely exacerbate drop under $597.
🟩 Bullish Reclaim Setup (Low Probability):
* Trigger: Reclaim of $602 with volume
* Target 1: $604.50
* Target 2: $606.50 (high)
* Stop-loss: Below $597.50
Only possible with major market strength, such as dovish Fed cues or macro catalysts.
📌 My Thoughts:
* SPY is showing signs of weakness across the board — structure, options flow, and volume confirm sellers stepping in.
* Put flows are extreme (>90%), so bounces may be brief and used to reload shorts.
* This is not a dip to buy blindly — best play is momentum PUTs under $597, tight risk control.
* Ideal setup for zero-day or 1DTE options trades with defined exits.
📉 Conclusion:
SPY failed to hold $602 Gamma Wall, rejected hard, and now tests $597 support. With options sentiment flipping negative and SMC structure breaking down, a drop to $595 or lower is increasingly likely.
Disclaimer: This analysis is for educational purposes only. Always manage risk and trade based on your plan.
Jeremy Chew SPY Notes 6/12/2025🧠 SPY (SPDR S&P 500 ETF) — Technical Summary
Chart Timeframe: Daily (1D)
Latest Close: ~$603.75
After-Hours Price: ~$595 (notable drop of ~1.45%)
🟩 Recent Price Action:
Strong rally off March/April lows (~458) has pushed SPY through major Fibonacci levels.
Sharp uptrend support (green line) has held since bottom, but is now being tested.
Today’s after-hours drop to $595 places price back below the 78.6% Fib retracement level (~587) — a potential warning sign of a reversal or short-term weakness.
🔍 Fibonacci Levels (from ~644 to ~458 swing):
Level Price Status
23.6% ~518.2 Support (cleared)
38.2% ~536.4 Support
50.0% ~551.4 Support
61.8% ~566.1 Support
78.6% ~587.2 Currently being tested
100% ~644 Major resistance
🔺 Support Levels (Key Areas to Watch):
~587.2: 78.6% Fib + Bollinger Band middle (critical support now at risk).
~566–568: Fib 61.8% + horizontal consolidation support.
~551: Fib 50%, secondary support if breakdown continues.
Green uptrend line: Dynamic support — near convergence zone with ~587.
🔻 Resistance Levels:
~603–606: Immediate resistance (price rejected here intraday).
~615–620: Horizontal price shelf from Feb highs.
~644: Major swing high from earlier in 2025.
📈 Bollinger Bands (20, 2):
Price was hugging the upper band earlier today — sign of bullish momentum.
After-hours dip to $595 pushes price toward the 20-day SMA (~593) — possible mean reversion or early correction forming.
📉 Volume & Momentum:
Volume during the rally has been moderate to low, suggesting limited conviction.
No major volume spike despite the recent breakout attempt.
If selling volume increases tomorrow, it may confirm a short-term bearish reversal.
⚠️ Interpretation:
The after-hours dip to $595 is a yellow flag. It:
Falls below the breakout level of ~603.
Threatens the 78.6% Fib (which is a typical exhaustion zone in retracements).
May break below the sharp uptrend support line, triggering profit-taking.
Short-term bias: Shifting from bullish to neutral/bearish unless it reclaims 603 quickly on volume.
🧭 Next Key Watchpoints:
Bulls want to see:
A bounce from ~593–587 zone.
A reclaim of 603 with strong volume.
Bears want to see:
Breakdown below 587 with follow-through.
Confirmation below trendline and push toward 566.
SP500 in CHF terms, bearish outlook- checking the SP500 in USD seems misleading these days
- therefore I checked it with CHF and earlier movements made more sense
- RSI bearish divergences were followed in earlier periods
- now we have a potential head and shoulders formation
- seems more likely to head south
Nightly $SPY / $SPX Scenarios for June 12, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for June 12, 2025 🔮
🌍 Market-Moving News 🌍
💱 Dollar Slides on Trade Truce Hopes & Fed Outlook
The U.S. dollar dropped 0.4%—its lowest level since April 22—after President Trump signaled flexibility on a July 8 trade deadline and U.S.–China talks showed renewed progress, boosting expectations for Fed rate cuts
📊 S&P Shiller CAPE Hints at Overvaluation Risk
Stocks and bonds rallied following rebound, but valuation metrics flash caution: the S&P 500 now sits in the 94th percentile of Shiller CAPE, and equity risk premium has dropped to zero. Analysts warn these levels often precede corrections
🛢️ Oil Holds at Seven-Week Highs
Oil prices remain near seven-week highs (~$66–67/barrel), supported by gradual OPEC+ output increases and hopes that easing trade tensions will aid demand
📈 CPI Cools Again, Bonds Climb
U.S. consumer inflation rose just 0.1% in May (2.4% YoY), easing expectations for tighter Fed policy. Consequently, Treasury yields softened and bond markets outperformed equities
📊 Key Data Releases 📊
📅 Thursday, June 12:
8:30 AM ET – Producer Price Index (May)
An early gauge of inflation at the wholesale level—may reinforce the cooling trend seen in CPI.
8:30 AM ET – Initial & Continuing Jobless Claims
Weekly updates on unemployment filings. Key to monitor for labor-market tightening or softening.
⚠️ Disclaimer:
This report is for educational and informational purposes only—it does not constitute financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
SPY SHORT FROM RESISTANCE|
✅SPY went up to retest
A horizontal resistance of 610$
Which is also an All-Time-High
So its a very strong level
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 596.43$
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.