Ideas and Forecasts on ETFs — TradingView (2024)

I think this week the 20sma will be tested on indexes and major stocks alike..With the spy i expect a test of 505 early this week.. 505 is gap supoort from NVDA earnings and also the 20sma.. if spy breaks that support, 500 then 494 is next up. I like to take my correction 1 moving average at a time.. 494 will be close to the 50sma.If we bounce off 505 the...

All right boys and girls its finally time to short the market for our 3-8% correction that has been long overdue, as you see the charts below my Price target min before I go long on spy is $498 the way this market has been performing i suggest this target will be reached in 10 trading days from now!!!!Scenario 1 we hit $498 before making AthScenario 2 we hit...

Going into next week, we could see continued pullback down to the bottom of the wedge. Its unlikely to break below and unlikely to hit PL1 because PL1 rests below the wedge. But it is possible.Bias is still up, the wedge will break eventually, either up or down, but I wouldn't hold out hopes for a great short into next week. Be cautious of course, but the...

The S&P 500 ( SP:SPX ) as tracked by the most liquid ETF AMEX:SPY , has continued in a wedge pattern since the lows from late October 2023. This wedge has been steep and risen quite dramatically. Bulls will not want to see this break, but given that it's an election year, would the break just be a consolidation with one more high? These are issues everyone is...

Going over the QQQ over this last up Sequence. looking for clues as to what the market is telling us. Always remember we are Risk Managers.

double top pattern in play after IWM and RUT failed to breakout higher with the rest of the large cap indices. patterns alone can be deceiving, but fundamental risks support this double top thesis. banks risks, higher costs from supply chain constrains and or inflationary costs in play. Higher rates may be finally hitting consumers and businesses as an extra...

Expecting a recovery from the 500/505 rangeDespite potential downward pressure, SPY's robust trend is poised to persist. Should prices dip into the 500-505 range, There's a strong probability of a rebound toward the 512-517 range.

In the past, Two Bits (two red weeks) has resulted in a 3rd red week. For this analysis, we need only two bits of data. Up, or down. Using 1st and 3rd std. dev. linear regression reveals the pattern.Yet trying to avoid holding onto an emotional bias. Looking at short positions will depend on how price behaves on key times, such as opening sessions and news days....

The Nasdaq 100 (QQQ) is in a struggle with long term resistance of the trading channel and that of the momentum buyers. You can see the rejection several times off resistance, but every time the momentum buyers push it back up. I am still unsure what is going to happen here. We are at the point where bad news is good news and good news is better news just like in...

After a nice +60% Run from November, a correction is expected, as shown by the Head and Shoulders Pattern.This shows a possible -10% correction.As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.If you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.Regards Graham.

Have been tracking Gold and the Gold miners ETF GDX... It has been a while and it appears that Gold and GDX are at least in sync again.GDX appears to have closed the week above the long term range and just broke out, if not about to...MACD and VolDiv have not yet crossed over but indications show. The TD Setup is still showing primary bullish and a new Setup is...

Correction time -10%+ on indicies starting today... www.youtube.comPosted this line a few weeks ago and it actually held up and led to nice gains if you bought it as support. However, unless a new algo drops before close today, the uptrend is officially BROKE. Given the angle of incline as well as the length of time it held up, this break will be A LOT...

The S&P 500 SPY ETF broke below its rising uptrend.The RSI is indicating a bearish divergence and also broke below support. Caution is warranted!

MSOS denied at $8.41 resistance level. Try again next week for $9.39? Why not.

... for a 1.82 credit.Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. There is no July contract yet, but June is still paying at <16 delta ... .

NASDAQ:TLT seems to be setting up for one last move higher. I think we're likely to see a bottom of the short term move between around here at $92. Then I think post fed meeting, we'll get a move in TLT up to the $98 resistance, that's where you'd want to be a seller of TLT or buy puts.After that, I think largely the remainder of this year will be bearish...

AMEX:SPY is looking at a possible wedge breakdown with a bearish MACD divergence and heavily stacked overhead resistance levels. 3/15/24 Bearish EOD targets 512.03, 508.98, 505.91

... for a .98 credit.Comments: Laddering out at intervals at strikes between 85 and 82, assuming they're paying. This is naturally longer-dated than most will want to go, but is part of a TLT position made up of covered calls (stock + short call) and short puts, so that I'm getting paid for (a) short call premium; (b) dividends; and (c) short put premium over...