SQQQ Long 10.83 small stop 9.26I am early on that daily stoch and I know that, went in small. I believe tech drops cause rates watching 10 year and 2 year. Vol more buying selling by john12Updated 224
Silver Miners vs Silver SpotThis might be the explosion that will kickstart the silver stocks. This chart is showing a possible W formation that's about to break out... as well as the 25 weekly crossing the 52 weekly, which is usually pretty significant. Lastly, if it can break above the ichimoku cloud, then this ride might take off. Longby CSGold10
S&P rally continues; will we see new high?After confirmation of control in the first days of May, bulls enjoyed their dominance. The market opened with a gap up on Monday, rallied throughout the entire week, and closed very strongly within the top value area. There was some profit-taking on Monday, but sellers were not able to push the price even below the previous day's high. At this stage, there are no major warning signs for the buyers. On the other hand, there are many signs that confirm their strength: 1. Price is in a daily uptrend, aligned with higher level context (weekly/monthly uptrend). 2. Two unfilled gaps (Friday the 3rd and Monday the 6th). 3. Strong close of the week within the top value area (price has retraced >80% of April’s bearish wave). The only technical weakness on the chart is the monthly consolidation. Bears might try to defend April’s high ( 524 ), but unless they receive support from economic reports coming this week, their position looks very vulnerable. An important level for the bulls is 515 , where the price pivoted on Wednesday after a pre-market sell-off. Important economic data will be released on Tuesday and Wednesday, which could cause volatility in both directions. But as long as there are no major negative surprises, pullbacks are buying opportunities Disclaimer I don't give trading or investing advice, just sharing my thoughts. Longby hermes_trismeUpdated 2
Short UtilitiesUtilities have risen along with a bond rally, stock market surge and AI-hype. Stock market is back near peak valuation hit in late 2021, AI-hype is fading and surge in commodities is putting a lid on bonds. XLU also firing exhaustion signals.Shortby BasedCharts0
Spy 🐻🚩Bear flag showing here on spy and a few other indexes/ sector. This bear flag would be consider a handle for a inverted cup and handle. Smaller time frame looks like this spy And heres NQ We are headed back to bear flag support around 500.. from there we could either finish one more bounce higher 511-514 before finishing the leg down to 480 The bear flag starts below 500, first target is 495 gap close.. The Inverted cup start below 495... short it and every pop to 480 Vix 2hour - bullish wedge DXY 4hour - bullflag Shortby ContraryTraderUpdated 5959133
Silver miners looking bullishThis monthly chart of the Golbal X Silver Miners looks bullish. After a decade of pullback and consolidations, silver miners seem ready to rise. We like the recent increase in volume and the bullish structure on the MACD. A break above $39 would exit the downtrend line linking the tops and would confirm the exit of this long wedge. Next resistances at $53then $94. A break below $22.50 would invalidate this view. -------------- In the context of gold and copper making new all time highs , the devaluation of currencies by countries around the world, starting with the US, and the increasing needs of silver for industrial production of alternative energies solutions, we think that silver and silver miners are due for a catch-up. Longby powerintegral0
SOXL and the sentiment cycleAMEX:SOXL setting up for a beautiful run ahead of NVDA earnings. Note the structure similar to Justin Mamis sentiment cycle.Longby Ben_1148x22
BTC Profit HedgingBitcoin has had an absolutely epic, face ripper rally over the last year and it may be time a look for a pullback in price as buying opportunities present themselves. Today I have been considering the BITI Short BTC ETF which could give us an amazing hedge if BTC sees a sharp decline. Now I do believe we reached a maximum pump at $50k, and I dont quite see the probability of Bitcoin moving higher just yet. Historically, we tend to see corrections moving into the halving cycle for April. But after that I would expect Bitcoin to officially start the next bull run. So if you would like to stack some more Bitcoin in your portfolio, this can be a good opportunity to triple your holding if we pull back to $30k or lower. I like the RSI showing us extremely oversold for quite a while, and its only now starting to tick up. Additionally, we are still below the range point of control which sits at $13.40. Anything above this price point I would expect buyers to hold their profits until the higher targets I have marked above. My plan, I am going to buy this ETF if Bitcoin sees a pop back up to $50k. Otherwise, it does seem like a great technical entry regardless. Good Luck! Longby afurs1Updated 8810
short term top in?7 points up in 7 weeks or 49 days. after going up 14 days. a move down into june is something to consider. this is not financial advise. do your own research. please dont follow my trades unless that is what you want to do. i dont want to be responsible for your success or failure. that is a heavy burden to carry which i am not ready for. my posts are intended for educational purposes to teach you how to learn to speak the language of numbers. Shortby Oppollo0
Opened (IRA): ARKK July 19th 40 Short Put... for a 1.01 credit. Comments: Adding a short put here in the vicinity of the 25 delta out in July with a break even better than what I currently have on for my covered call. (See Post Below). Will generally look to take profit at 50% max.Longby NaughtyPinesUpdated 0
Time to short the marketWere back at the top in this distribution phase if you miss this top there will be one more, but were only gunna maybe see one more pump before a big bear market.Shortby jlevtrading1Updated 2
Opened (IRA): BITO April 19th 31 Covered Call... for a 27.54 debit. Comments: High IVR/IV at 97.9/81.9% and a monthly dividend to take advantage of. However, the monthly dividend has varied widely -- with the last two distributions paying .36 (February 8th) and .73 (March 8th) with an annual dividend of 8.72 (.73 average monthly) (31.7% annualized as a function of current price). I'm primarily looking to grab the April monthly here; anything additional above my break even will be gravy ... . In any event, the metrics: BPE/Break Even/Cost Basis in Shares: 27.54 Max Profit (ex. dividend): 3.46 ($346) ROC at Max: 12.56%Longby NaughtyPinesUpdated 112
3rd try at breaking through long-term resistanceGold is showing a classic long-term cup and handle period. Spent about 7 years in the "cup" (long shakeout period from the bubble that had formed after the last financial crisis followed by an eventual rally to previous all-time high). It has spent over 2 years now in the "handle" (period of consolidation giving the appearance that price can't break through the previous all-time high). After a recent shakeout and false breakdown from the handle pattern, it looks like it wants to test the all-time high again and this time there's a major catalyst (flight to safety due to all the uncertainty recently with the banks and the potential for yet another financial crisis). Due to that, I don't think you need to wait for a breakout of the all-time highs around $195 in GLD but that would be a safer entry (a monthly close above that level). Of course another shakeout from that level could follow because if I have picked up on this potential trade, then many others likely have also. Anyway, I am just speculating and not a financial advisor, if you decide to follow this please trade at your own risk and diversify (this trade won't break the bank for me personally if it doesn't work out and it shouldn't for you either).Longby PatientContrarianUpdated 1
Opening (IRA): SMH July 19th 205/215/275/285 IC... for a 2.17 credit. Comments: An additive delta adjustment to the current SMH IC I have on. (See Post Below). With the original setup's short call aspect converging on -25 delta and the short put converging on +10, selling a skewed IC with the oppositionally delta'd short call/short put (i.e., at the +25 short put and the -10 delta short call) to bring back the position back to net delta flat with 63 days until expiry. 4.40 total credits collected with a current delta/theta of 1.02/5.81. by NaughtyPines0
Opening (IRA): BITO June 21st 24 Short Put... for a 1.82 credit. Comments: Adding a short put on weakness here to my covered call, which I'm sticking in with to grab the monthly divvy. I'm okay with being assigned additional shares, since the break even of the June 24 is below the cost basis of what I currently have on. Otherwise, I'm perfectly fine with doing my usual take profit at 50% of max. Metrics: Buying Power Effect/Break Even: 22.18 Max Profit: 1.82 ($182) ROC as a Function of Buying Power Effect: 8.21% ROC at 50% Max: 4.10%Longby NaughtyPinesUpdated 0
✅SPY GROWTH AHEAD|LONG🚀 ✅SPY broke the key Horizontal level of 524$ Which reinforces our Bullish bias and I think That we will see A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx115
EEM before the collapse downNow the growth can end at any moment and then there will be a fall down to the level of 2009. It could be head and shouldersShortby zerosee20
QQQ Double Top on Bearish DivergenceIf you haven`t bought the dip on QQQ: Then it's important to understand that it's currently exhibiting a double top formation, known as one of the most bearish chart patterns, along with a substantial bearish divergence. I foresee a retracement soon, possibly to $416, but I still expect it to finish the year on a positive note!Shortby TopgOptionsUpdated 181822
SPY S&P500 etf Bearish DivergenceIf you haven't already purchased SPY after the 2023 forecast: forecast:https://www.tradingview.com/chart/idea/l6U1M9dJ/ then it's important to be aware that there's a significant bearish divergence in the RSI of SPY, the S&P 500 ETF, which initiated at $469. Anticipating a technical retracement to $495, given its prolonged period of being overbought! Shortby TopgOptionsUpdated 181816
Clear blue SPYsMy play on words... lol. I'm thinking with NVDA earnings next week we could go even higher. The last time SPY flew extra high was on NVDA earnings last quarter. Back to the chart, staying above the mid point of the channel is key. This weekly parallel channel provides the levels for the daily too.Longby mommymilesUpdated 5
TBT / TLT T Bill Inverse TreasuriesOn this daily chart of the ratio of TBT ( Treasury Bills Bearish ) to TLT ( the inverse Bullish) over time. This serves to accentuate shifts in prices from factors affecting them both but with opposite effects. Federal actions or even reports of economic data are some of those factors. This chart shows that about November 1st, TBT ad topped out and fell. They are inverses of one another . What makes one go down will make the other go up and viceversa. By February 1, TBT bottomed out and the ratio reversed. The cycle took 3 months. On a lower time frame, cycling would be more frequent. At present, it would appear to be time to sell TLT and / or buy TBT What applies to the TBT /TLT ratio would also relate to TMV / TMF as a ratio. Longby AwesomeAvaniUpdated 2
TBT Inverse Treasuries ( Long Dates ) LONGTBT is shown here on a weekly chart. It transitioned froma downtrend into the present trend up two years ago with the initiation of the rate hikes to cut down inflation by hitting its knees. Inflation was the direct result of the money printing and stimulus as part of the federal response to the complications of covid and lockdowns. Price is now ascending in a broadening channel ( a megaphone pattern) reflecting increasing volatility as federal action or inaction gets priced into buying decisions at treasury auctions. As for me, i will continue to build a TBT position until it is obvious that the fed has launched an active agenda of rate cuts which will fortify T-bill prices and make TLT the new runner.Longby AwesomeAvaniUpdated 2
TBT is a buy rate cuts likely are stalled LONGTBT is an inverse 20 year Treasury Bill ETF. At present, the Iran Israeli conflict threatens a regional conflict to include the Red Sea and the Easter Mediterranean where oil tankers must navigate to move oil from producer to consumer. Oil price escalation could go hand and hand with geopolitical escalations. Oil and its derivatives are a primary driver of inflation in the US. Inflation has been sticky and forcing the fed's ambitions to cut rate to be paused. The Middle East escalation may make matters worse overall. Federal spending ( aid to Israel for instance) is also a driver of inflation. The budget fight in DC is front and center. I see this as good cause, to continue to take adds to my TBT position whenever I can find a dip worth the discount as a further hedge against a correction in the equities markets which could come on the horizon. Granted a dip of 2-3% from the ATHs is not much but when it hits 10% or more and the VIX/UXXY continue to rise, there will be impetus in a hurry to hedge positions or close them with more urgency. For for TBT, I believe that more is better.Longby AwesomeAvaniUpdated 2