Trader ttrending — Trading Ideas & Charts (2024)

This is rare, SPY is currently near the 200 week moving average. The 200 week moving average for SPY and QQQ has been a very reliable indicator since 2011. Similar to my other idea I posted regarding NQ/QQQ, it is possible that SPY could bottom around this area. If not, we could see a sharp drop through it as many institutions buy the 200 week MA and may close...

Haven't posted for a while as I have been waiting for a setup. NASDAQ is near the 200 week moving average which has supported the price in 2020 and before that 2010. Fundamentals are ugly, as they were when it hit this moving average in 2020.Long above the line, short if price falls below and forms a setup with structure.

On a significant gap down I usually look at these situations as a last chance for bulls to exit if they didn't set a stop loss the previous day.With the bull lifeboat coming back to rescue trapped bulls, only so many can fit on the boat unless there are bullish developments that can completely negate the move. With the onset of a war that is just starting, it...

Nasdaq is currently testing support on the daily chart as it attempts to recover.As you can see, there is a higher low put in on the 14th of February at 14029. If this is taken out, then we'll likely see a retest of the January lows. The Doji from the 14th followed by the green bullish bar that started at 14250 shows that the 14250 level is important, and if...

Facebook's price has fallen off a cliff and attempting to buy a falling knife dropping this fast is dangerous.In the past, FB has responded well to the 200 week moving average (white moving average) although it tends to fall below it 10-16%.All time frames are certainly bearish, but if history is any indicator, FB may be nearing a bottom. Regardless, it's best...

Very simple setup here. Price is coming back down to the previous structure from the end of January breakout. Might be a great long entry.

Nasdaq was able to regain much of it's losses during last Friday's trading session in attempt to invalidate the lower low bears put in at the beginning of the week (blue dotted line). The higher low pivot from October 4th, 2021 is at 14,367.75 and this weeks close was slightly higher at 14430.25.The hourly chart shows that Nasdaq is currently in a trading range...

This is a very simple analysis as it isn't a complicated setup.Tesla is approaching the 200 day moving average (blue). In the past, this moving average has held up the stock every time although it has fallen through it slightly a few times.The location of the 200 day moving average also lines up with the bottom trend line of a descending channel. I would...

I've seen a lot of doom and gloom posts all over Tradingview recently and I just wanted to provide a different perspective.It's October 29th 2020, the market just put in a lower high and we all know what comes next right? A lower low and the start of a down trend. It's very obvious, especially when you read the news. There is no way the market is sustainable at...

After the aggressive sell off this week, the media is in a frenzy talking about how the bear market is finally here. I personally disagree with that assessment and here is why.A bullish trend consists of higher highs and higher lows. A bearish trend consists of lower highs and lower lows. Looking at the chart above, it's clear that we're still in a bull market,...

Despite previous data showing the contrary, many believe that rising fed interest rates will be a catalyst for a down turn.In the chart above, I compare the federal fund rates (blue) to SPY (orange).As you can see in the past, a rising interest rate was NOT a catalyst for a crash. Of course this time could be different, but there is no evidence currently...

CRSP is currently at key support and the 200 week moving average. This may be a possible bottom, however it is best to look for an entry on a lower time frame (4hr or 1hr chart) before entering. Bottoming patterns to look out for are inverted head and shoulders, double bottoms, and/or higher highs with higher lows.

First things first, it's never smart to short a bull trend. As anyone who has tried shorting a bull trend in the past can tell you, resistance more often than not becomes support.With that said, here is the daily chart of Nasdaq showing a bull channel (yellow) within a larger bull channel (purple). As you can see the price is at the top of both of them.As seen...

Weed stocks may have found a bottom according to this long term trend line that can be seen on the weekly chart for the MJ ETF. A break below this line could be very bearish. When trading weed stocks, it's best to stick to ETFs in my opinion as many individual companies dilute their shares to raise money. Investing in an ETF for the most part will help you avoid...

This is a daily chart of CRSP. As you can see, I marked the areas where high volume has occurred in the past. It's a little hard to see as I had to make the vertical lines almost transparent so you could see the candle and the volume I marked.In every recent case a high volume daily candle has marked a trend change. This may not be the case now, but from the...

QQQ's (NASDAQ 100) price action is best contained within a parallel ascending channel which is best seen on the weekly chart.As you can see, the last 3 times we tested the bottom of the channel for support, we visited it again the following week.I have numbered the touches to the line for reference. You can see when we retested the channel as the bottom, the...

SPCE is currently in a falling wedge pattern that can best be seen on the 1HR chart.This is still a bearish development showing lower highs and lower lows, but a breakout above the wedge could signal a +/- 20% move to near $28. From my experience, falling wedges typically break to the bottom for a final sell off (capitulation) before they break upward. That is...

QQQ is testing the 30 week moving average (green). If buyers show up here as they have 2 other times in the recent past, this may be a bottom.If this key level breaks, the selling pressure will likely increase.