SPY/QQQ Plan Your Trade Special Update : BUCKLE UPThis video is a special update for all TradingView members. I felt I needed to share this information and present the case that I believe poses the most significant risk to your financial future - and it's happening right now.
Several weeks ago, I identified a very unique mirror setup in the SPY and kept an eye on how it was playing out. I needed to see confirmation of this setup before I could say it had any real likelihood of playing out as I expected.
As of today, I'm suggesting that we now have excellent confirmation that the US/Global markets are about to enter a deep consolidation phase, lasting through the rest of 2025 and possibly into 2026 and early 2027.
The interesting thing about this price pattern/structure is that it is almost exactly the same as the 2003-2007 structure, which I believe is the origin of this mirror setup. Almost down to the exact type of price bars/patterns I'm seeing.
Many of you are already aware that I've been calling for a critical low cycle in the SPY on July 18 for many months. What you may not realize is that the pattern is based on Weekly price data. The July 18 cycle low can have a span of +/- 1-3 weeks related to when and how the cycle low pattern plays out.
Watch this video. If you have any questions, message me or comment.
I'm still here, doing my best to identify and unlock the secrets of price action and to help as many traders as I can.
Price is the Ultimate Indicator.
Get some.
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SPY trade ideas
SPY at Key Support! Will It Hold or Break? TA for July 16🧨 GEX-Based Options Outlook:
* GEX Sentiment: Negative gamma dominates (🟥 GEX 🔻), indicating elevated dealer hedging risk.
* Put Wall & Support:
* Major PUT Wall at 620 (⚠️ -38.47%) is being tested.
* Additional downside liquidity lies below 618.
* Call Resistance:
* Upside resistance around 625–627, where both the 2nd CALL Wall and GEX7/8 sit.
* IV/Flow Summary:
* IVR 12.3 (low), PUTs 57.2% – bearish skew.
* Option flow is protecting downside → less confidence in upside follow-through unless we reclaim 624.5+.
* Conclusion: SPY is pinned around major support. A breakdown under 620 could accelerate downside into 616/614 range.
📉 1H Price Action & Trade Setup:
* SPY formed a CHoCH breakdown and is retesting the wedge base.
* Strong rejection from the 624.81–627.96 supply zone.
* Price is now hugging trendline support and could trigger a bounce or further breakdown depending on liquidity sweep.
Bullish Scenario:
* ✅ Entry: Above 621.50 reclaim with confirmation.
* 🎯 Targets: 624.50 → 626.80.
* ⛔ Stop: 620 or below trendline.
* ⚠️ Note: Only valid if SPY holds the CHoCH base and sweeps under 620 to trap bears.
Bearish Scenario:
* ❌ Entry: Clean break below 620, especially if it fails a retest.
* 🎯 Targets: 618 → 615.50 → 612.
* ⛔ Stop: Back above 622 with volume.
🎯 My Thoughts & Recommendation:
SPY is balancing on a major PUT wall and SMC support trendline. If 620 fails, the path of least resistance is down toward 615 and potentially 612 due to the lack of supportive gamma levels below. A relief bounce is possible only if dealers regain control above 624. Keep stops tight, as this zone could snap quickly.
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
SPY: Bearish Gamma Pin Threatens Breakdown. TA for July 14SPY: Bearish Gamma Pin Threatens Breakdown – What to Watch This Week 🧨
🔸 GEX-Based Options Sentiment (Tanuki GEX Zone)
* GEX Summary:
* Highest Call Wall (Resistance): 625–628 → strong resistance zone.
* Highest Put Wall (Support): 618 → major gamma defense line.
* GEX Flip Zone / NETGEX Support: around 620, where negative gamma begins accelerating downside moves.
* Current GEX Bias: Bearish
* GEX: 🔴
* IVR: 9.8 (very low)
* PUTs %: 51.1% (risk off bias)
* Call walls stack above, forming a clear ceiling.
* Interpretation & Options Strategy:
* As long as SPY trades below 625, the call resistance stack and bearish gamma exposure favor PUT buyers.
* Breakdown below 620 may trigger an acceleration to 617 and even 615 where deeper PUT walls exist.
* Avoid calls until SPY reclaims and holds 626.88+.
* ✅ Suggested Options Play (Bearish Bias):
* PUT 620p / 618p, 0DTE–2DTE if under 623.
* Stop if price holds and reclaims 625.50+ with volume.
🟦 1H Chart Analysis – Price Action, SMC, and Trade Setups
* Market Structure:
* After the recent BOS, price formed a tight rising wedge, then broke CHOCH and now sits inside a retest box.
* This shows distribution behavior and vulnerability to breakdown.
* A clear CHOCH + BOS sequence is already completed on the 1H.
* Current Range & Zones:
* Consolidation Box: 621.50–625.50
* Trendline Support (lower channel): 621–620
* Demand Zone (H1): 617–618
* Critical Liquidity Below: 615–613.50
* Trade Setup – Scalp/Swing View:
Bearish Scenario (More Likely):
* 🔻 Entry: Under 623 with confirmation
* 📉 Target 1: 620
* 📉 Target 2: 617.50
* ❌ SL: 625.50
* 📈 Optional hedge/reversal: Flip long if 626.88 reclaims (very aggressive).
* Bullish Scenario (Low Probability unless reclaim):
* ✅ Entry: Above 627
* 🎯 Target 1: 629–630
* ❌ SL: Below 625
🧠 Final Thoughts:
* SPY is currently sitting in a gamma trap zone, where it’s pinned between major put support (620) and call resistance (625+).
* If price slips below 620, gamma forces could rapidly drive it to 617–615 zone.
* Until we see strength above 626.88, the path of least resistance remains down.
⚠️ Disclaimer:
This analysis is for educational purposes only. Always do your own research and manage risk properly before trading.
SPY CONTINUES IN AN ASCENDING WEDGE PATTERNThe SPDR S&P 500 ETF Trust (SPY) is currently exhibiting an ascending wedge pattern on the 30-minute chart, a bearish technical pattern that often signals a potential reversal or selloff when confirmed. Below, I’ll explain the ascending wedge pattern, identify key levels to watch for a potential selloff, and provide context based on recent market sentiment. Since I cannot view the real-time chart, I’ll base the analysis on the characteristics of an ascending wedge and recent posts on X that discuss SPY’s price action, ensuring a critical approach to the data.
What is an Ascending Wedge Pattern?
An ascending wedge (or rising wedge) is a bearish chart pattern formed when the price consolidates between two upward-sloping trendlines that converge over time. The upper trendline (resistance) connects higher highs, and the lower trendline (support) connects higher lows, creating a narrowing price range. This pattern typically indicates that bullish momentum is weakening, as buyers are pushing prices higher but with diminishing strength, often leading to a breakdown below the lower trendline.
Key characteristics of an ascending wedge include:
Converging Trendlines: Both the support and resistance lines slope upward, with the support line often steeper than the resistance line.
Decreasing Volume: Trading volume typically declines as the pattern forms, reflecting reduced buying conviction. A spike in volume often accompanies a breakout or breakdown.
Bearish Implication: In an uptrend, the ascending wedge signals a potential reversal to the downside. In a downtrend, it may act as a continuation pattern, but the bearish bias remains.
Breakout Confirmation: A convincing break below the lower trendline, preferably with increased volume, confirms the bearish reversal. A retest of the broken support (now resistance) may occur before further declines.
The pattern typically forms over 3–4 weeks but can appear on shorter timeframes like the 30-minute chart, making it relevant for intraday or short-term traders.investopedia.comen.wikipedia.org
SPY’s Current Ascending Wedge on the 30-Minute Chart
Given that SPY is in an ascending wedge on the 30-minute chart, we can infer the following based on recent posts on X and general technical analysis principles:
Pattern Context:
The ascending wedge suggests SPY has been making higher highs and higher lows in a tightening range, indicating a potential exhaustion of the bullish trend.
Recent posts on X (e.g., @AskPerplexity on July 16, 2025) noted a rising wedge in SPY with a breakdown through the lower trendline, suggesting bearish momentum. Another post (@YakshuMadaan on July 15, 2025) mentioned a wedge breaking below 6220, targeting 6050 on the S&P 500 index ( SP:SPX ), which correlates to SPY levels around $605–$610.
Key Levels to Watch:
Lower Trendline (Support): The critical level to monitor is the lower trendline of the wedge, which connects the higher lows. A decisive break below this level (e.g., a close below on the 30-minute chart with strong volume) signals a bearish breakdown and potential selloff. Based on recent X posts, this level may have been around $622 (equivalent to ~6220 on SP:SPX ) recently, but you should confirm the exact level on the current chart.
Upper Trendline (Resistance): The upper trendline connects the higher highs and acts as resistance. If SPY fails to break above this level, it reinforces the bearish bias. This could be near recent highs, potentially around $630–$635, depending on the chart’s progression.
Support Zones Post-Breakdown: If the lower trendline breaks, key support levels to watch include:
$590–$600: A post on X highlighted this as a major support zone based on volume profile analysis, likely corresponding to a prior consolidation area or gap fill.
$605–$610: Another post suggested a target of 6050 on SP:SPX , translating to roughly $605–$610 for SPY, aligning with a significant retracement level.
Retest Level: After a breakdown, the price may retest the broken lower trendline (now resistance). For example, if the breakdown occurs at $622, a retest could see SPY rally back to $622–$625 before resuming the decline.ig.com
Volume and Indicators:
Volume: Look for declining volume as the wedge forms, followed by a spike on the breakdown to confirm the move. Low volume during the wedge suggests waning bullish momentum.xs.com
Relative Strength Index (RSI): An RSI above 70 near the upper trendline or showing bearish divergence (lower RSI highs while price makes higher highs) strengthens the case for a selloff.xs.com
Moving Average Convergence Divergence (MACD): A bearish crossover (MACD line crossing below the signal line) near the upper trendline can confirm weakening momentum.xs.com
Potential Selloff Triggers:
A close below the lower trendline on the 30-minute chart, especially with a spike in volume, is the primary trigger for a selloff. For example, a break below $622 (if that’s the current support) could initiate a move toward $605–$610 or lower to $590–$600.
A failed retest of the broken trendline (e.g., SPY rallies to $622–$625 after breaking down but fails to reclaim the trendline) would confirm bearish continuation.
Broader Market Context: Recent X posts suggest market concerns about macroeconomic factors (e.g., interest rate fears, policy shifts) could amplify a selloff, especially if technical levels break.
$SPY: Composite Sub-Cycles (Recursive)Research Notes Documenting Commonality
I’ve identified several bar patterns that formed following significant historical declines. They share notable similarities, as if suggesting that the magnitude of past major moves sets the structure of subsequent groups of sub-cycles (which I call "building blocks" sometimes).
I placed them in respect to current scaling laws so the method of exclusion can be applied in order to familiarize with typical "terrain" of price dynamics at such phase. Documenting them because a direct study is the most effective approach to uncovering the essence of recursive patterns.
Some of the bar patterns are lowered to highlight temporal aspect which matters more than price scale.
SpyBig week here. Rarely do you get big banks and big tech earnings on the same week..
Jpm, Goldman sach, and JNJ are dow jones heavy weights.
This is important because I think Dow will close that gap at 44,850 and most likely retest ATH at around 45,000.
As long as dow closes above 44,200 Monday, they will do this move
Now logically you have to ask yourself, If Dow jones moves 800pts or 2% what will spy do?
Well unless Nasdaq gives it all up early in the week then Spy will grind higher..
NASDAQ:QQQ
2hour chart is mimicking
June's price action
Even similar bearish Divergence on RSI
So will tech Roll over this week?
TSM and NFLX both reporting..
Qqq 30min price action, as long as price holds above 548.50 I wouldn't short this at all
As you can see with the yellow channel price will be range trading between 551-555. Over 558 and 560 comes.. below 548 and 544 comes.
This is actionable trading, I know some of you want a bigger picture on the short side but until we break below the 20sma I really don't like going full bear at the beginning of earning season...
Yes, alot of things are flashing red signaling a major correction is looming , for Example here's XLC. This is the sector of NASDAQ:NFLX and NASDAQ:META
Here's the weekly chart and RSI
Very bearish bigger picture here, I could easily see this sector and the big names inside it going back to April lows
But then You have AMEX:XLY
The sector of NASDAQ:AMZN and NASDAQ:TSLA
Nothing is bearish Herr and as long as it holds 217 they are going to push this back to ATH.
NASDAQ:AMZN chart is completely identical
So let's say NFLX and Meta have down days similar to last Friday but Amzn and Tsla pumps then you will get a small pullback unless the chipsector dumps also 😉. Remember there's always a bull in the market, they'll just rotate into something less overbought..
Only time you really see majority selling off is when there is a catalyst (Carry trade, tariffs) or Seasonality (March, Sept)..
So I'm bearish on Chips NASDAQ:SMH and I'm bearish on AMEX:XLC but you have to be selective..
I wouldn't short
NASDAQ:TSLA
NASDAQ:AMZN
NASDAQ:GOOGL
NASDAQ:AAPL
Those stocks will likely outperform this Quarter.
As far as the banks earnings , even if they pop, I think this will be a sell the news event and this sector AMEX:XLF (Big banks) is headed for a massive correction
The Small banks AMEX:KRE
Have almost completed their V shape recovery and will most likely correct after this week
Daily technicals are overbought similar to IWM but the weekly is where you see caution
Top of weekly Bollingerband always leads to a major sell the following week
AMEX:SPY
15min chart
I'm bullish early in the week, I think they will buy the dip ahead of earnings so if they open up near Friday's low or the 15min 200sma they could buy it there, below 621 and they will go for the gap close at 620; that will be another dip buy opportunity . Stop loss 619.00
Below 619.00 and they have a gap left open at 614.84 to close. Stop loss 15min 200ma
Trade Idea of the week is NASDAQ:GOOGL
Bullish ascending triangle forming under 182.00 resistance.. Price may breakout this week
4hour chart Friday finished with a Shooting star so we could start the week with a pullback but I think googl will hold 177.00 support and that's a good entry for a long.. or wait for conformation which would be a break above 182.00..
So 177 or 182 is my entry
Googl is only bearish below 172.00 or 200ma
Personal opinion This administration Has promised 200 trade deals and have gotten only 3 so far. As we get closer and closer to August investors will get nervous and I think we will see another major sell! He's has kicked the tariff can down the road as far as it can go and still these countries are calling his bluff. Becareful because I think the next time trump won't fold
Earnings Heat Up - 6300 and 6200 SPX Key Levels RemainMarket Update
SPX Key Levels
-SPX poked 6300 Tuesday, Thursday, and poked higher Friday (but settled back to 6300)
-6200 support remains a key level
-6050/6000/5800 next floor levels, I'll be looking for dips
I can see the market slowly (and I mean SLOWLY) grinding higher but preparing for a
reasonable seasonal selloff through end of July into end of September window
July 28-August 1 is a monster week in the markets
-Megacap Earnings (MAG7 Tue/Wed/Thu)
-Wed July 30 - FOMC (Pause expected but Powell's Press Conference is important)
-Friday August 1 - Non-Farm Payroll, Tariff Deadline
I'm hitting fresh YTD highs so I'm not complaining about this melt-up and grind, I'm simply wanting to allocate positions and add to my positions at better levels and with a slightly
higher VIX to help take advantage of the expected move being greater than the actual move
Have a great weekend and thank you watching!!!
SPY (SP-500) - Rising WedgeYesterday we had a breakdown of the rising wedge on SPY. I draw out some important levels to look out for coming days/weeks. The trendline since april has also been broken. ICEUS:DXY is breaking out to which is increasing the risks for a "Risk off" scenario in tech stocks and crypto.
Nothing here should be interpreted as financial advise. Always do your own research and decisions.
SPY Reclaims Rising Wedge Support - Bear Trap or Breakout Setup?SPY dropped below its rising wedge earlier this week, but that move may have been a bear trap. Price quickly reversed, reclaiming the wedge trendline and closing just below a key Fibonacci level at 629.84.
Buyers stepped in aggressively near the 0.382 and 0.236 retracement zones, defending short-term support. The bounce came on increased volume, signaling strength behind the recovery. Momentum remains intact as long as SPY holds above 626.
Now, bulls need to confirm with a breakout above 629.84–631.96 to open the door to the next levels at 635.63 and 640.30. Failure to break through could lead to another rejection and revisit lower support zones.
Levels to watch:
Support: 626.64, 623.62, 619.60
Resistance: 629.84, 631.96, 635.63
SPY is at a decision point. Reclaiming wedge support is a bullish signal, but bulls need follow-through to avoid another fakeout in the opposite direction.
Elliott Wave Analysis: SPY Poised To Extend Higher In Bullish SeElliott Wave sequence in SPY (S&P 500 ETF) suggest bullish sequence in progress started from 4.07.2025 low. It expects two or few more highs to extend the impulse sequence from April-2025, while dips remain above 6.23.2025 low. SPY ended the daily corrective pullback in 3 swings at 480 low on 4.07.2025 low from February-2025 peak. Above there, it favors upside in bullish impulse sequence as broke above February-2025 high. Currently, it favors wave 3 of (1) & expect one more push higher from 7.16.2025 low in to 630.31 – 651.1 area before correcting in wave 4. In 4-hour, it placed 1 at 596.05 high, 2 at 573.26 low as shallow connector & extend higher in 3. Within 3, it placed ((i)) at 606.40 high, ((ii)) at 591.89 low, ((iii)) at 627.97 high & ((iv)) at 618.05 low.
In 1-hour above ((ii)) low of 591.89 low, it ended (i) at 605.96 high, (ii) at 603.17 low, (iii) at 626.87 high as extended move, (iv) at 620 low & (v) as ((iii)) at 627.97 high. Wave ((iv)) ended in 3 swing pullback as shallow connector slightly below 0.236 Fibonacci retracement of ((iii)). Within ((iii)), it ended (a) at 619.8 low, (b) at 624.12 high & (c) at 618.05 low on 7.16.2025 low (this week). Above there, it favors rally in ((v)) of 3 targeting in to 630.31 – 651.1 area before correcting in 4. Within ((v)), it placed (i) at 624.73 high, (ii) at 623.08 low & favors upside in (iii) of ((v)). We like to buy the pullback in clear 3, 7 or 11 swings correction at extreme area in 4 and later in (2) pullback, once finished (1) in 5 swings.
Nightly $SPY / $SPX Scenarios for July 17, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for July 17, 2025 🔮
🌍 Market-Moving News 🌍
🇮🇳 India–U.S. Inflation Divergence Dampens Dollar
India’s June retail inflation tumbled to a six-year low, while U.S. CPI hit its fastest pace since February—driven by tariff effects. This divergence is weakening the U.S. dollar against the rupee, pushing down dollar‑rupee forward premiums
📜 Treasury to Ramp Up T-Bill Issuance
Following the recent debt-ceiling increase, the U.S. Treasury plans to issue over $1 trillion in T-bills over the next 18 months. Money-market funds, flush with cash, are expected to absorb the supply, which could influence short-dated yields
💱 Dollar Eases Amid Fed-Related Volatility
Headline news that President Trump “highly unlikely” to fire Fed Chair Powell, coupled with stable PPI data, calmed markets. The dollar dipped slightly after earlier turmoil, while gold and bonds saw modest gains
📊 Key Data Releases & Events 📊
📅 Thursday, July 17:
(No major U.S. economic releases)
Markets will track T-bill issuance plans, dollar forward dynamics, and statements from the Treasury and Fed regarding debt and rate strategy.
⚠️ Disclaimer:
This is for educational purposes only—not financial advice. Consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #dollar #tbills #inflation #Fed #technicalanalysis
Nightly $SPY / $SPX Scenarios for July 16, 2025 🔮 Nightly AMEX:SPY / SP:SPX Scenarios for July 16, 2025 🔮
🌍 Market-Moving News 🌍
📈 Record Bullish Sentiment Signals Rotation
Bank of America reports the most bullish fund-manager sentiment since February. With 81% expecting one or two Fed rate cuts this year, the group sees a rotation strategy replacing outright selling, with investors tipping toward sector shifts over wholesale exits
⚠️ Trump’s Fed Attacks Stir Policy Concerns
President Trump’s public criticism of Fed Chair Powell—calling for steep rate cuts and threatening removal—has raised market alarms over the central bank’s independence. Analysts warn such interference could destabilize confidence in U.S. monetary policy
🏦 Banks Prepare for Earnings Surge
Major U.S. banks are expected to report strong Q2 results this week. Enhanced trading and investment banking revenues are forecasted to offset economic uncertainties tied to tariffs
📡 Nvidia CEO to Visit Beijing
Jensen Huang is set to hold a high-profile media briefing in Beijing on July 16, signaling continued emphasis on China for Nvidia despite U.S. export restrictions—potentially a key narrative for tech markets
📊 Key Data Releases & Events 📊
📅 Wednesday, July 16:
8:30 AM ET – Producer Price Index (June)
Gauges wholesale inflation pressures; June expected +0.2% MoM vs May’s +0.1%
9:15 AM ET – Industrial Production & Capacity Utilization (June)
Monitors factory and utilities output and usage rates—key for industrial-sector health
Jensen Huang in Beijing
Nvidia CEO to lead media briefing in Beijing—a potential market mover for chipmaking and AI sectors
⚠️ Disclaimer:
This info is for educational purposes only—not financial advice. Consult a licensed professional before making investment decisions.
📌 #trading #stockmarket #inflation #Fed #tech #industrial #PPI
Nightly $SPY / $SPX Scenarios for July 19, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for July 19, 2025 🔮
🌍 Market-Moving News 🌍
🏢 U.S. Corp Buybacks Set to Propel Stocks
Citadel Securities expects U.S. companies to repurchase roughly $1 trillion of stock in 2025. With the blackout period ending in August, buybacks—historically strong in July, the stock market’s best month—could bolster valuations
⚖️ Fed Independence Debate Intensifies
President Trump’s continued criticism of Chair Powell has already weakened confidence in Federal Reserve autonomy. The fallout shows up in a weaker dollar, elevated Treasury yields, and rising inflation expectations—though stocks have remained resilient
🇺🇸 Immigration Rollback Sparks Economic Concern
The rescinding of Temporary Protected Status for ~900,000 immigrants could remove up to 1.1 million workers from the labor force. Analysts warn of potential stagflation risks, with GDP growth potentially down 0.3–0.4 percentage points and labor-market tightening ahead
💵 Massive T-Bill Issuance Incoming
Following the debt-ceiling deal, the Treasury plans over $1 trillion in T-bill issuance in the next 18 months. Money-market funds are expected to absorb much of it, influencing short-term rates and cash-market dynamics
📊 Key Data Releases & Events 📊
📅 Friday, July 19:
8:30 AM ET – Initial Jobless Claims
Weekly figure on new unemployment filings—a real-time indicator of labor-market resilience.
8:30 AM ET – Existing Home Sales (June)
Measures signed contracts on previously owned homes; key for gauging housing-market health.
All Day Events:
Ongoing corporate buybacks entering open window
Treasury auctions and T-bill issuance updates
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #monetarypolicy #debt #housing #labor #technicalanalysis
SPY What Next? SELL!
My dear friends,
Please, find my technical outlook for SPY below:
The instrument tests an important psychological level 627.59
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 625.38
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
SPY: Market of Sellers
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell SPY.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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