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Spylovers

MERRY CHRISTMAS AND A HAPPY NEW YEAR TO ALL MY SPYLOVERS !!!Two weeks ago, I projected some very common behaviors that candles exhibit after a long rally. If you compare the two types of candles I marked on the left-hand side, notice how candle models "A" and "B" have very different body structures. Candles "A" have a more volumetric medium-sized body, which indicates strength. However, we are not exempt from their natural pullback, which, to complete one trend cycle, broke the structure itself upward. Candles "B" are smaller than Candles "A," allowing us to distinguish the significant weakness in the uptrend. The price starts to lose momentum, and consequently, we can expect it to take a pause before falling. After projecting the two scenarios where SPY was positioned two weeks ago, we were able to predict both future movements correctly: When the price reached historical highs, it paused or consolidated, showing descending candles (see the magenta arrow). Later, a volumetric candle confirmed the drop. Within the two scenarios, I marked two possible levels where the price would fall. The rebound occurred correctly at the second level, a historical resting zone where the price has been since October. This analysis is entirely based on price action and historical zones. It's essential to stay alert to institutional and liquidity zones to ensure the most accurate analysis possible. Now we are in the final week of the year, and historically, markets tend to react bullishly. But the question is: Will it be different this time? In my opinion: I believe the price can reach new historical highs, as it is demonstrating with strong bullish pressure candles. At this moment, I think we are at a good support level located at the previous resistance of our entire bullish channel. I believe the price will re-enter the channel and resume the sequence it has been following within the overall bullish structure. This concludes my analysis of SPY for now. Let's see what the next few days bring as we continue monitoring the market. If you'd like to see this analysis in English, follow me on TradingView under the username: rockermike111. Wishing you an excellent 2025 filled with great news and continued growth in your market studies! May your learning progress year after year! Sending you a big hug and wishing you a Happy 2025! TRADE SAFE!
AMEX:SPYLong
by RocketMike111
Hey Spy Lovers check this Candlestick Scenarios for future move I suspect it’s time for a good pullback. As we can see, the price continues to fluctuate within the ascending channel, but there are two scenarios I anticipate where a pullback might occur in the coming days. Note: Every pullback is simply a very natural price movement. This does not mean that we are in a bearish market at the moment. If the overall structure is bullish, pullbacks are just part of the cyclical nature of price movement. Here are two potential scenarios in case the price decides to make this natural pullback: Scenario 1: If you compare the two types of candles I marked on the left, notice how the candle patterns have more volumetric, medium-sized bodies than the other. This indicates strength; however, we are not exempt from a natural pullback, which, to complete a trending cycle, broke the structure itself to the upside. Scenario 2: Let’s assume the price becomes quite exhausted and begins the pullback I am anticipating. I have marked two zones of great importance where the price will most likely rebound: First Pullback Zone (equivalent to a block order): Notice how, coincidentally, this zone touches the support of my ascending channel. Coincidence? Second Rest or Pause Zone: This zone must be considered because if there is a structural break, the price may drop lower to this point. Note: The overall structure remains bullish unless a lower structure or demand zone is broken, Until then, we can only consider pullbacks and impulses as part of the price cycle in its upward movement. Thank you for supporting my analysis. TRADE SAFE!
AMEX:SPYShort
by RocketMike111
SPY LOVERS, BE READY ! This week, I decided to remove some objects I had in the chart history as references, which we’ve been analyzing, to make some space and clean up the chart a bit. After reaching all-time highs, the price has naturally begun a retracement. But what’s new in technical analysis? Let’s analyze the price together: In this case, I added an ascending channel where the price follows an upward sequence, bouncing between support and resistance. Here’s the million-dollar question: How much further can the price drop? If we look at the chart, I marked a very important line in red or maroon color at $575.12, which aligns with a resistance pivot and two indecisive candlesticks with identical volumetric bodies. Often, indecisive levels are key to how the market makes sudden decisions after an indecisive candle. In this case, if we pay closer attention, the indecisive level marked in maroon color is positioned exactly at the support of the ascending channel. This suggests how far the price might fall, and we could potentially see a rebound. For me, this would be the primary scenario. But... If the price breaks through this level, my second scenario would be a drop to the order block. Since this level has acted as both support and resistance in the past, I can validate it as my secondary inflection zone or "Inflection Block." You might wonder: What on earth is an inflection zone? As I’ve mentioned multiple times and explained in some of my analysis, inflection zones—or points of inflection—represent moments where there’s a significant change in the price’s direction within a trend, whether in a market, an asset, or an economy. On a trading chart, an inflection point is the spot where the chart changes direction or marks an important decision. An inflection zone can also be a historical area on a chart. As we can see, my order block is already being considered an inflection zone because the price has historically made key moves within it. and i called it "Inflection Block" (See the white arrows). Thank you for supporting my analysis. TRADE SAFE Best regards!
AMEX:SPYShort
by RocketMike111
Hey SPYLOVERS ! Enjoy the Bull Ride !!!! Election Week and Interest Rate Cuts Did Not Disappoint Us at All The truth is, it was a very difficult week to predict price movements. However, out of the two possible scenarios I shared last week, Scenario #1 was the winner, and it was the one I had the most confidence in! At this moment, the price is in "no man's land," meaning there is no historical price data on the chart where we can find a level for the price to hold or replicate its movement. In this case, I believe that, from here on, the price will move based on upcoming economic news or as we approach the date when President-elect Donald Trump will officially become the President of the United States (POTUS). Let's enjoy this bull run that is happening—these are important times for the country, and we need to take advantage of those swings! Best regards, and thank you for supporting my analysis. See you next week!
AMEX:SPYLong
by RocketMike111
Hey SPYLOVERS here are 3 Scenarios for this week check it out...Another week analyzing SPY's behavior correctly as we planned. I’d like to invite you to review my previous analyses of the price movements throughout the week, so you can see that I base my strategy solely on price action and institutional supply and demand concepts—simple methods that the price has respected. In this case, we won’t be seeing historical highs anytime soon. I believe we’re in a pullback where we need to monitor closely to see if the price might return to the order block I have around $563.60. This area is significant because it’s where the highest concentration of orders in the market is currently positioned. If we look at the last candle SPY closed with, although it ended higher than the previous one, it’s still showing selling pressure, so we’ll likely continue on the path of selling for a few more days. The key is to analyze the next move the price makes when it touches the order block: Here are 3 possible Scenarios. Scenario 1. If the price reaches this zone ($563.60), it might dip a little further as a fake-out before bouncing back strongly. Here, we need to pay close attention to the candlestick pattern that appears in this area. Scenario 2. If it respects the order block but doesn’t bounce with enough strength, we might be witnessing a Head and Shoulders pattern forming, which could later bring the price to the inflection zone (the blue middle area). Scenario 3. If the price breaks my order block with strength and volume, then we’re validating a CHoCH (Change of Character), where we could see the price move to the inflection zone (the blue middle area). No matter what happens, remember to always watch the candlestick pattern and the volume. That’s the main fuel behind the price's strength, and analyzing it this way will make your analysis more accurate. Thank you for supporting my analysis. TRADE SAFE! Best regards.
AMEX:SPYShort
by RocketMike111
3
2 Confirmations last week just as we planned, What's next? SPY PRICE HAS BEEN MOVING IN OUR FAVOR ! CHECK MY LAST WEEK ANALISIS, Before we get to the analysis i just want to say... So far, the price has moved in our favor. If you check the results of previous analyses, you’ll see that the price has moved exactly according to my analysis of price action, supported by institutional trading concepts. Each green check mark represents a prediction that was correctly fulfilled according to the analysis from one week ago. My analyses are weekly, carefully prepared every weekend, but note: the study of price movement and the forecasted direction here, is based on my experience as a trader. I DON’T KNOW WHERE THE PRICE IS HEADING! IN FACT, NO ONE DOES! Every price movement and behavior is based on a historical movement of institutional supply and demand. Based on the years I’ve spent studying this concept, I can predict the next price movements. However, it’s crucial to emphasize that trading is ultimately speculation, but if you have really good fundamental study in price action & structure, your margin of error will always be minimal. So This analysis is for you but at the same time for entertainment purposes do not take trades because I'm greedy on any active, please do your own research first and you will have tyour final decision. BACK TO SPY... The price indeed broke out of the channel after we saw it crawling like a worm along the channel support. Indeed, the price began to range after the channel breakout. Looking at the overall structure, the price has been losing strength and volume since last week. I have a feeling we won’t see all-time highs soon, as it’s time for the price to start accumulating or simply making its natural pullback. I'm expecting the next move to either be a pullback that touches my "order block" zone and then starts gaining momentum to recover all that decline, or, in another scenario, if we see enough volume on Monday, it could start fluctuating in a range to accumulate before touching new all-time highs. BUT! The price could reach highs while forming its accumulation range. However, what we’re looking for is a decision from the price to break out of the range and reach new highs along with a new extreme! So be patient; this week will be very interesting to analyze in terms of price behavior. Thank you for supporting my analysis. TRADE SAFE! Best regards
AMEX:SPY
by RocketMike111
SPY Loosing Momentum ! SPYLOVERS DONT PANIC ! Its OKAfter several weeks of analysis, the price reached its all-time highs twice, creating a new extreme. Att his moment is what i call in a no man's land zone. But what do I see in the overall structure? If you can clearly identify the yellow upward channel, I want you to split it in half, and we will analyze the two parts. In the first half, we have an active price movement, with clear fluctuations between support and resistance. The high volatility causes the price to move in waves, perfectly respecting support and resistance. But if you can manage to identify the second half, up until the end of the channel, you'll see that the price shows signs of exhaustion. Exhaustion, how? When the price stops having that volatility everyone is looking for, and begins to slow down and starts moving like a worm along the edge of the channel’s support, showing small candles and, above all, losing momentum. (In the chart, I want you to identify the price exhaustion by marking it with a small symbol of a worm crawling along the channel's support.) This type of behavior happens frequently when the price is losing momentum. In this type of scenario, I am more than certain that we will soon see a move where the price might break out of the yellow channel. Most likely, we will see the price make its natural retracement. After achieving two all-time highs, I believe it's time for the price to take a break, either to consolidate or make a quick decision. Nevertheless, I am expecting the price to make its natural pullback in the coming week. We’ll see if it happens. Best regards, and thank you for supporting my analysis.
AMEX:SPY
by RocketMike111
YEP! ALL-TIME HIGHS BABY! You're welcome! :) Pretty simple... After identifying a candle with buying pressure, last week I announced that we would very likely be hitting new all-time highs simply by following the N# pattern that was unfolding at that very moment with precision. VALIDATIONS ARE THE KEY TO PREDICTING A MARKET MOVE. But what do I mean? Here’s a recap of the moves I got in 1 week: #1 It gave me a breakout. #2 It gave me an exact retracement to my order block area that I was looking for. #3 It gave me the volume I needed to see. #4 It gave me a volume candle with buying pressure. #5 It gave me an immediate bullish structure. #6 The "N3" pattern is being fulfilled precisely. How many validations do I have so far? 6 Validations!!!! Don’t you think we’re in a bullish scenario where, with all these validations being met exactly, we could see a new extreme, breaking new all-time highs? OF COURSE WE ARE! The more validations you have in an analysis, the more likely the scenario you’re looking for will be fulfilled correctly. Now... Going back to SPY, all-time highs are uncharted territory! We must be very cautious, and as soon as the retracement begins, I’ll start my analysis again. Best regards, and I hope this mini-lesson helps fine-tune your price analysis process. Thanks for supporting my analysis. Best regards.
AMEX:SPYLong
by RocketMike111
SPY is looking Very Sexy ! There is 1 more step to go ! N3 Confirmed!! The price is doing exactly what we had predicted (see previous analysis). Indeed, the price bounced in the zone we had predicted last week, creating an "N3" pattern. Now, we are waiting for the final phase of the N3 pattern, which is to reach new highs or new extreme. What do we need to see? This phase is of great importance because, if completed, we would be at new historical highs again. The Key is the Last Candle: If you can observe the last candle on the chart, you'll see it has a very long lower wick. I call this a buying pressure candle; however, we need confirmation with the next candle, which should have a large bullish body in order to reach the new extremes we've been seeking. So, we can conclude that by putting all the points together when analyzing this chart, we have a bullish outlook for the rest of next week. However, it’s important to remember that we need solid confirmation with a bullish candle to confirm we will have a green week! Best regards and success in your trades. Thanks for supporting my analysis.
AMEX:SPYLong
by RocketMike111
"All-Time Highs" Finally! New Channel Unlocked ! what's next? Finally, we are at "All-Time Highs" and have unlocked a New Channel. What will happen next? Let’s just let the price follow its course. Last week, we correctly predicted the price movement by creating an "N3" and landing in the order block as support to gain upward momentum with the recent movements the price has made, we have unlocked a new upward channel in which we will be monitoring the price movement in the coming weeks (Yellow Channel). Here, we only need to focus on two things: 1. We can see that the last candle is an "Inside Candle." An inside bar can be bullish or bearish, depending on its context within price action. If it forms within a downtrend, it can be considered bearish, indicating a possible continuation. If it forms within an uptrend, it can be considered bullish, suggesting a possible continuation of the uptrend. (Look up this important candlestick pattern on Google.) In this case, the last two candles were bearish, so we might consider that the market could either drop or bounce again in our order block to continue the uptrend. This is the scenario I will be expecting if we have a bearish market on Monday. Now, if the price falls to the order block zone, notice how it will also respect the support of the yellow channel. This could mark the beginning of a bullish sequence. 2. Its Simple, the price stays within the yellow channel and follows an upward and orderly sequence. Thank you for supporting my analysis, and be very cautious when we are at all-time highs. The price can be highly unpredictable, so always make sure to mark your channels and consider institutional movements of supply and demand. Best regards.
AMEX:SPYLong
by RocketMike111
SPY LOVERS ! NEW ALL TIME HIGHS But be very careful ! Check hereFINALLY HERE ! NEW ALL TIME HIGHS ! But wait!!! do you really Trust those 2 last Dojis ? Here are 2 quick scenarios to analyze for the week: Scenario #1 (Green Line): The price may pull back to bounce off the order block zone I have marked in white, which we know as the institutional block where there was a lot of liquidity. I call this pattern in my trading system "N3" as it consists of 1 breakout + 1 pullback + 1 trend decision. Scenario #2 (Red Line): Always considering our active order block zone, the price may break through the block with strong momentum, confirming another pullback or bearish market for several days. In this case, AGAIN, the price could fall back to our buyer pressure zone (blue zone), where higher buying pressure volume has been shown. NOTE: All of this depends on the bearish strength the market carries; we can tell if the market will break downward by simply observing bearish volumetric candles or seeing a lot of active bearish volume. But for now, we can't do anything as long as the price remains within our bullish channel, which we'll keep monitoring throughout the week! The decision will become very clear once the price makes the choice to break out of my bullish channel. Best regards, and a million thanks for supporting my analysis!
AMEX:SPY
by RocketMike111
Hey SPY lovers, look at all that green! Do you believe me now?We are undoubtedly in a scenario where the price is showing a lot of strength. As we can see, the price previously attempted to break all-time highs but encountered an institutional liquidity block, trying twice and creating a double top before making a pullback for days ! This second attempt to break the all-time high will be very important because, after the pullback, we were able to forecast the limit where the price would bounce back. Just one candle with a lot of volume and buying pressure was enough to realize that the price would reverse at $544. If you've been following this analysis for weeks or months, you'll notice that everything is playing out according to our price action and institutional analysis. Now, we just need to wait for that ATH, and I think this time will be different, especially considering that we're in election months, and the current president's political party wants the economy to look strong before the elections. So, we can expect a bull run from now until November. Thank you for supporting my analysis, and if you've benefited from it and made profits, congratulations, I'm happy for you. Best regards.
AMEX:SPYLong
by RocketMike111
SPYLOVERS ! The Pullback is here ! What to do next.... Good morning everyone and welcome to another weekend session. For those following the SPY, we can see that the institutional rejection did indeed occur with a double top, and it was unable to break the Al Time High (ATH), leading to a pullback that we had already predicted weeks ago. The question is: How far will the pullback go? I have two levels: a liquidation zone limit and a historical demand zone. Warning: DO NOT ATTEMPT TO CATCH A FALLING KNIFE ! The idea here is to let the price do what it needs to with this drop. Once it reaches one of these two zones, we will start to see bullish volumetric candles indicating the beginning of an upward trend. For now, this analysis has been unfolding as we have been forecasting the movement. Let the price fall, and be very alert to determine whether this is just a small pullback or a longer one. We already know where the price will likely land. Sending greetings and thank you for supporting my study.
AMEX:SPY
by RocketMike111
Happy Labor day SPY Lovers ! (4hr Chart Analysis)This is our 4-hour chart, and as you can see, I am linking it with the daily chart I published earlier. What I want you to notice is the number of orders positioned at 544.58. We must take into account that on our daily chart, this is the second time the price has activated the institutional order block, and there was no intention of a breakout; it was simply rejected as we predicted last week. The price on the 4-hour chart has only moved within a range and hasn't been able to surpass all-time highs yet. Looking at the chart, it gives me the impression that it might reject again. No one knows what will happen; this is an analysis based on historical movements, price action, and smart money concepts. Let’s see what Tuesday brings, but for now, enjoy your Labor Day! Cheers, and thank you for supporting my analysis.
AMEX:SPY
by RocketMike111
SPY Lovers ! Bullish and Strong but wait... there is a challengeThere's really not much to analyze here. As we can see on the chart, SPY remains strong and in an upward direction. What I'm expecting: I'm waiting for the price to reach my 565.16 zone as a rejection or liquidity point so that it can regain strength and eventually break through the zone later on. Other than that, there's not much to analyze—SPY remains strong. The challenge this week will be reaching new highs, as we have very important economic news coming up, which could bring a lot of volatility. We'll see what happens this week. Thank you for supporting my analysis.
AMEX:SPYLong
by RocketMike111