SpyMasterTrades

SpyMasterTrades

This is a 6-month chart of iShares Russell Mid-Cap Growth ETF (IWP) relative to the performance of the S&P 500 ETF (SPY). IWP tracks a market-cap-weighted index of growth companies. The yellow and orange lines are the exponential moving averages that form the indicator called the EMA exp ribbon. The EMA exp ribbon usually acts as support when price hits it from...

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While the media has called this a "crypto winter" and even some experienced traders are calling for crypto to "go to zero", I've been trading based on nothing but the charts and it's paid off. I bought Polygon at its Golden Ratio last month and the price bounced and broke above the EMA exp ribbon. It has more than doubled in a month. It's amazing how few people...

SpyMasterTrades

Early today I was talking with a good trader friend, whom I respect very much, about Bitcoin. I said that "the U.S. dollar is going to zero relative to Bitcoin". My statement seemed to have ruffled his feathers quite a bit and he replied in a manner that suggested I was ludicrous for thinking that Bitcoin could ever be more valuable than the dollar, or that the...

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This post is in response to the @TradingView long short competition. For the competition, Trading View asked users for their best pair trade idea for the given market conditions. My entry is long HASI and short HESS. Many of you may already be familiar with HESS corporation. HESS is an oil company that engages in the exploration, development, production,...

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This is a chart of the U.S. dollar currency index with Fibonacci Retracement levels applied. These Fibonacci levels take the entire history of the dollar index into account as they were drawn from the all-time high in 1985 to the all-time low in 2008. On the bottom is the monthly RSI. It is extremely rare for an asset to create bearish divergence on a timeframe...

SpyMasterTrades

The S&P 500 actually bottomed in June 2022 right at the 3rd Fibonacci extension from the Great Depression high. (The Fibonacci levels here were drawn from the all-time low in the 1880s to the high in 1929 right before the Great Depression). Since the S&P 500 corrected down to an extremely important Fibonacci level and cleanly found support, this could be quite...

SpyMasterTrades

This is just an observation: Beyond Meat (BYND) is breaking above its 4h EMA exp ribbon. It also just broke above its displaced daily EMA. These are two very bullish trend reversal signals. Regardless of fundamentals, these indicators are showing that there are no more sellers left and the trend may soon reverse. When everyone is still super negative about an...

SpyMasterTrades

These are 2-day charts of Bitcoin. On the left is Bitcoin's chart at the December 2018 bottom and on the right is Bitcoin's current chart. Notice how similar they are. On the bottom is the "Stochastic Heat Map" indicator. When price is extremely overbought the heat map appears red. When price is extremely oversold the heat map appears blue. In this case,...

SpyMasterTrades

I was asked to share my Bitcoin accumulation indicator on here. How I created this is a bit complicated, but in short, this chart shows the price action of Bitcoin adjusted by the performance of the S&P 500. I use the 20-month EMA as my accumulation signal. For those who want more details, see below. Each time the adjusted price action of Bitcoin falls below the...

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This chart shows that there was a major trend reversal in the relative performance between Nasdaq stocks (QQQ) and S&P 500 stocks (SPY). In May, the QQQ/SPY performance ratio reached an extremely significant bottom. It reached the 55-month EMA (orange line), which is also the base of the monthly EMA exp ribbon. Chartists use this base to detect significant...

SpyMasterTrades

We are seeing a Heikin Ashi reversal candlestick forming on the weekly chart for SPY Heikin Ashi candlesticks are used by chartists to identify trends more easily, as well as to identify potential trend reversals. Reversal Heikin Ashi candlesticks have small bodies and long upper and lower shadows. Interestingly, we are seeing a reversal Heikin Ashi...

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This is a chart of the solar EV company Sono Motors (SEV). The company is headquartered in Germany and went IPO on the Nasdaq in 2021. This stock is presenting a decent risk-to-reward setup because it has been finding support within important Fibonacci convergence zones (yellow area). I created this Fibonacci convergence zone by using trend-based Fibonacci...

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This chart shows a trend-based Fibonacci retracement. The trend points used are (1) The market high right before the 2020 selloff, (2) the market low from the 2020 selloff, and (3) the most recent market high (in January 2022). As the chart shows, SPY has nearly perfect retraced back to the Golden Ratio. My expectation is that SPY will rally into and throughout...

SpyMasterTrades

As I predicted, Carvana's price bounced off of the Fibonacci retracement level. One important thing to note is that Carvana has never bounced more sharply off of a Fibonacci level as it just did. This gives a strong indication that this Fibonacci level may have marked a significant bottom. While price may try to retest the level or oscillate downward to...

SpyMasterTrades Updated 

In this post, I will attempt to provide evidence to show why the tech-led selloff is likely to be over (for now). I will use the Nasdaq 100 (QQQ) and its inverse derivative, SQQQ, as my argument's basis. The inverse (short) ETF of the Nasdaq, SQQQ, has never closed a weekly candle above the Leading Span B of the Ichimoku Cloud (pink line in chart). Last week...

SpyMasterTrades Updated 

This is a log-adjusted chart of the entire price history of Bitcoin (BTC) since data became available on Trading View. I applied a basic Fibonacci retracement overlay from the highest high to the lowest low. I also applied a trend line that connects the two lowest (reaction low) price points in Bitcoin's history to illustrate the level where price typically drops...

SpyMasterTrades Updated 

The weekly candles for the oil and gas company, ExxonMobil, look quite bearish. This could be the start of a major decline. There is a shooting star pattern forming on the weekly chart, while the oscillators are trending down and while the daily EMA exp ribbon and daily trend lines breaking down. Although anything can happen, it is looking like a major bearish...

SpyMasterTrades

This is a monthly chart of the SPDR S&P 500 ETF (SPY) with the Ichimoku Cloud indicator applied. Outside of the context of recessions, SPY has typically bottomed after finding support on the Base Line (red line) of the Ichimoku Cloud. Although SPY has currently fallen below this line, this does not necessarily mean the Base Line has failed, more likely SPY is...