Following up SPYEntry Strategy
Entry Levels:
599: Initiate your first position here.
593: Consider adding to your position if the price pulls back.
585: Evaluate a further entry during a deeper retracement.
Profit Targets:
607: Aim for an initial profit target at this level.
611: A secondary target to capture additional gains.
615: The final target where you may exit for optimal returns.
Remember to use proper risk management, including stop-loss orders, and ensure your risk/reward ratio meets your trading criteria.
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Trade responsibly.
SPY trade ideas
SPY: Market of Buyers
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SPY pair price action which suggests a high likelihood of a coming move up.
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$SPY Recap of Last Week Feb 18-21
Last week we started the week with a run to make new ATH’s and then a drop back down to the 50DMA.
New ATH’s on Wednesday and then a gap down Thursday. Watch that red signal line Thursday going into Friday - clear resistance (at the red arrows)
We saw resistance at the 35EMA and the red signal line and we dropped all the wan down to the 50DMA.
Friday was intense, I did take a red day on Friday but still had a good week overall.
$SPY February 24, 2025AMEX:SPY February 24, 2025
15 Minutes.
The move from 610.70 to 599.47 is extended.
Hence a retracement is possible.
I expect a retracement to 602-603 levels.
On weekly have a bad close.
High was made and close was near low.
On daily $\spy near 50-day average.
I expect a bounce to 603 -604 levels this week for a target 594 being 100 moving averages.
Not a week to go long.
As expected, 613-614 provided resistance and AMEX:SPY pulled back as extension targe was achieved.
SPY Ready for Impulsive or Ending Diagonal?This 5th wave isn't feeling impulsive at all and if anything is indicating bearish RSI divergence. For these reasons, I feel that wave 5 is in what we call an ENDING DIAGONAL. Ending diagonals are really tricky to trade, as they have a series of overlapping movements. Price struggles to move higher, indicating exhaustion. Will still get a move to the 630 to 670 area, but if trying to trade it, the ups and downs vs impulsive behaviors make this tough to trade. After completion, there is typically a deeper correction, and since I am expecting a larger wave 4, this feels correct as well.
Now there is always a chance we haven't finished the prior larger wave 4 and we are either in a running or expanded flat, but will need to see a bit more to understand that scenario. Running flat would reverse soon and then impulsively higher vs expanded will undercut 574 and then rip higher (show on chart with green impulsive waves).
Elliot wave is so much easier to understand once the waves are completed vs speculating where they are going next!
SPY On The Rise! BUY!
My dear friends,
My technical analysis for SPY is below:
The market is trading on 599.97 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 605.39
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
SPY/QQQ Plan Your Trade Afternoon Update : BREAKDOWNIf you've followed my research over the past 90+ days - you were ready for this move.
If you were positioned for this breakdown, many of you should have seen decent profits or green in your accounts.
I'm so happy and proud to have helped many of you prepare for this move.
Stay cautious into the close as we may see more selling pressure drive prices lower.
Remember, everything I do is about helping you become a better trader.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Using The Screener + My Indicator To Find Market Direction CluesTrading Family,
In this week's market update, we'll look for some clues as to where both our crypto and stock markets are headed using a combo of my proprietary indicator in conjunction with some basic filters for TradingView's stock and crypto screener tool. We'll talk about what this combo is showing us and we'll also discuss some of the lessons I have learned from trading with my newly implemented AI-created indicator tool. Hope you enjoy.
✌️ Stew
$SPY Analysis, Key Levels & Targets for Feb 21
Today’s Trading range keeps us above the downtrend pivot and above the 30min 200MA.
We closed above the 35EMA, and that should always be the first level to watch.
We do have a down gap just underneath ATH’s - watch that for resistance.
Have fun today, y’all
Nightly $SPY / $SPX Scenarios for 2.21.2025🔮
🌍 Market-Moving News:
🇺🇸🛢️ Trump Considers 25% Tariff on Imported Cars: President Donald Trump has announced plans to impose a 25% tariff on imported automobiles, aiming to protect domestic manufacturers. This move could impact global trade relations and the automotive industry.
🇷🇺🇺🇸 U.S.-Russia Diplomatic Talks: High-level discussions between U.S. and Russian officials are set to continue, focusing on resolving the ongoing Ukraine conflict. Outcomes from these talks may influence global markets and geopolitical stability.
📊 Key Data Releases:
📅 Friday, Feb 21:
🏭 Manufacturing PMI (9:45 AM ET): Forecast: 51.3; Previous: 51.2.
💼 Services PMI (9:45 AM ET): Forecast: 53.0; Previous: 52.9.
🏠 Existing Home Sales (10:00 AM ET): Forecast: 4.13M; Previous: 4.24M.
📉 Michigan Consumer Sentiment (10:00 AM ET): Forecast: 71.1; Previous: 67.8.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
SPY: Key Levels and Market Outlook for February 20, 2025Market Structure & Price Action
SPY remains within an ascending channel, showing resilience around the 612.30-612.90 zone. The price structure suggests a potential breakout or rejection at resistance.
* Support Levels:
* 609.60-610.00 (key short-term support)
* 608.37 (potential breakdown trigger)
* Resistance Levels:
* 613.23 (local high & key breakout level)
* 615.00+ (potential upside target if momentum continues)
GEX & Options Flow Analysis
* Call Wall: 615 & 620
* Put Support: 598-605
* Put Sentiment: 83.4% (indicating downside hedging, but could fuel upside if trapped sellers unwind)
* IV Rank: 15.2 (relatively low volatility, suggesting a breakout move could be sharp)
Possible Scenarios
✅ Bullish Breakout: If SPY holds above 612.50-613, a move towards 615-620 could be in play.
🚨 Bearish Breakdown: Losing 609.60-610.00 would expose SPY to deeper pullbacks toward 605-600.
Final Thoughts
The market is at a key inflection point. Monitor volume and price reactions at 613 and 610 for directional confirmation. If momentum builds, SPY could extend toward 615, but failing to hold 610 could shift sentiment bearish.
Nightly $SPY / $SPX Scenarios for 2.20.2025🔮
🌍 Market-Moving News:
🇰🇷📉 Samsung Share Cancellation: Samsung Electronics plans to cancel over 57 million shares, including 50.1 million common shares and 6.9 million preferred shares, on February 20. This move aims to reduce the total number of issued shares without decreasing the company's capital.
📊 Key Data Releases:
📅 Thursday, Feb 20:
🏭 Philadelphia Fed Manufacturing Index (8:30 AM ET): Forecast: 19.4; Previous: 44.3.
📉 Initial Jobless Claims (8:30 AM ET): Forecast: 214K; Previous: 213K.
📈 Leading Index (10:00 AM ET): Forecast: -0.1%; Previous: -0.1%.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis