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SPT

SPY/QQQ Plan Your Trade For 6-18 : GAP Potential PatternToday's GAP Potential pattern suggests the SPY/QQQ may GAP a bit higher at the open, then move into a melt-up phase, trying to identify resistance, then roll into a topping pattern and move downward. I believe the recent "rollover" of the markets (initiating last Friday with the Israel/Iran conflict) is still dominating the markets and news related to the ongoing conflict could drive a moderate pullback in US assets. Headed into the Juneteenth holiday (Thursday, June 19), I suggest traders prepare for the US markets to move into somewhat of a SETTLEMENT mode today - where traders don't want to hold too many open positions into Friday's trading. Additionally, Gold and Silver could move into a very strong upward price move over the next 4-5+ days. So be prepared for metals to hedge risks when the US stock market is closed. BTCUSD seems to be struggling into the FLAG APEX. I'm waiting to see if my FLAG count is correct and if we get the breakdown in BTCUSD as I expect. 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
AMEX:SPYShort
by BradMatheny
1
SPT possible BUY setup Though this might be a risky play, since SPT is posting results in couple of days, I love what the charts are telling me at the moment. This Chicago based firm provides social media management software for businesses. Sprout Social has recently targeted larger companies for partnering, establishing a nice contract with Salesforce. What am I looking now: 1. Though I mentioned that this play is a risky one, due to upcoming earnings, SPT i currently trying to break from it's Daily Cup and Handle formation. 2. Today's try was not a god try of breaking the highest point of the Cup and Handle formation, sitting at around $66.70 price level. Price did break that point at one moment, but it quickly failed to maintain above it. 3. Selling pressure was high unfortunately, there were nearly 782k shares sold once it broke through the resistance level. 4. Since I am considering this a risky play, my initial entry will be small, with stop loss possibly larger than usual. Stop loss will be sitting at around $57.39 price level, which is just below the wick of the last candle which bounced from the 50EMA. 5. Once the earnings report are published, I will either close the trade or add to the position, depending on the results posted. As always, please do your due diligence, this is just an opinion.
NASDAQ:SPTLong
by De_Banis
SPT - Trade PlanSPT has clearly broken out of its descending wedge with very high volume indicating that the downward trend may have changed. The current price action shows that price is pulling back and any bullish price action may get me involved. I would be a buyer after it prints bullish price action and I will be targeting the Resistance level of $0.850, a good potential reward of 45-50%. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SLong
by AsimMirzaTrader
2
WATCHING $SPT for ENTRY TARGET @ 76.71WATCHING $SPT for ENTRY TARGET @ 76.71 I’m practicing to nail my entries even better… if target hits I will take a position. As many times as I've swung this I still have no idea what Spout Social is. 😅 Maybe later today I'll look into it. Looking for pullback for entry. If there's any ticker symbol you'd like me to determine a good entry price just comment below and I'll do as many as time permits. Some days I have lots of time and other’s not so much but as I can I’ll do them (and If I have enough charts left)
NASDAQ:SPT
by SPYder_QQQueen_Trading
SPT - Looks very InterestingBullish Confirmation Indications Recent price action may have confirmed a reversal as we can see that price came down to the trendline and has since moved up. Price has also moved out of the downtrend line (triangle) which indicates that Buyers are strong. 1. Price has been supportive at the support level of $1.00 - $1.30 zone 2. There also lies a trendline which has acted as good support 3. There also lies 200 day Moving Average trending upward and has provided Dynamic Support (Confluence) 4. Price has been failing to continue up because of the Resistance Zone of $1.430 - $1.470 range 5. I believe that price may come down again to give a buying opportunity and backtest the trendline and continue up 6. I will be confident to buy in the $1.120 - $1.20 region (Buy Zone) after proving some Bullish Price Action Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SShort
by AsimMirzaTrader