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S&P 500 MINI SPX OPTIONS INDEXSS

S&P 500 MINI SPX OPTIONS INDEX

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XSP trade ideas

S&P Melt-Up, FOMC, Gold, Bitcoin - Key Levels and OutlooksHappy Saturday!!! I just finished a live roundtable session so charts and analysis was fresh on the mind. S&P just closed 9 consecutive days higher S&P Futures 9 green candles The melt-up has been slow and steady, but persistent Markets are now "repaired" back to or above the US Liberation Day break levels on April 2/April 3 I see some near-term resistance in the S&P with FOMC coming this week. There are some reasonable gaps lower for some pullbacks, but the PAIN trade persists. The "pain" trade now is higher highs because sentiment is so bearish. The "pain" trade if we see all-time highs would be a bull trap. FED is likely staying paused for May and June per the FED Watch Tool and the first rate cut may start in July 2025. But I'm watching US Yields to see if they persist higher because that may ruin the FED's plan and power and 40+ year correlations. Eyes wide open and small risk. Short-term strategies are doing well in this environment. I'll continue to grind. Thanks for watching!!!
CBOE:XSP
by ChrisPulver
XSP/SPY...probably pullback followed by upward trendJust sharing what I see...could go up, could go down. Couple of things to be aware of...RSI is saying overbought, MACD looks like it's peaking, we have a falling wedge still playing out from 2022, and a double top forming. There's a gap up from around Nov 17th. Some pretty squished candles on Wed/Friday (Thanksgiving or declining momentum?). Finally, Powell is speaking on Dec 1st. So, how do I see this playing out? I think we're going to see a retracement to the 0.382 Fib level to fill in the gap over the next week or so. The biggest question is whether it's a simple pull back or we're going bearish. Odds are, NOT bearish unless Powell says that he's hiking interest rates to the moon, WW3 starts in the Middle East or something crazy. Possible ways to play it: - Wait for confirmation of a pullback and go short on something. Alternatively, wait for solid momentum going through $460 and go long (If solid push through $460, my hypothesis is wrong!) - Assuming we do have a pull back, wait for the bounce at $440 and use that as an opportunity to go long. (Long bets have best odds on SPY!) - Do NOT overly rely on the targets at $500 (Falling Wedge) and $360 (Double Top). Who knows how long that will take, or even if it materializes! That's just what this newbie trader sees! Good luck!
C
by Serophia
And just a pinch of XSPGood morning, probably, where you are. So it appears that charts have patterns. And those patterns mimic ones found from other sources. Such as this image by an artist known as "Kadey", that has been floating around Reddit. These patterns line up because charts are part of existence, and they follow the same rules as existence, such as the bell curve, Fibonacci stacking (dense packing), cycles, and chaos theory. The mind has a way of matching patterns. So if you can spot these patterns in nature , then maybe they will be profitable for you too. But as always, we try to manage the far side too.
CShort
by Hellork
U.S. Earnings June 22-26 Optionable Plays U.S. Earnings Week June 22-16 Also included Implied Volatility as of June 13, Saturday, along with 30 Day Average Implied Volatility. Comparing IV with 30 Day IV, can give an option trader an edge when considering which weekly stock earnings to play. OTM Long Call , Long Put or Strangle Plays (based on Current IV compared to 30 day avg) CCL, MU, VIMC, IHS, BBBY, LEN, MON, WGO, ACN, BKS, CMC, SNX Collecting premium Selling Options SONC, VIMC, WGO, APOG, SCS, WOR, FINL
C
by QuantitativeExhaustion
17
U.S. Earnings June 15-19 Optionable Trades U.S. Earnings Week June 15-19 OTM Long Call , Long Put or Strangle Plays (based on Current IV compared to 30 day avg) DRI Collecting premium Selling Options ADBE, BOBE, LZB, ATU, FDX, CLC, JBL, ORCL, KR, RAD, FNSR, RHT, KMX, KBH Implied Volatility vs 30 Day Average Implied Volatility values as of June. 13 June 16 Pre-Market Fact Set Research Expected 1.41 Current Trend Bullish Price Channel June 16 After Market Adobe Systems Expected .45 Fibonacci 1.272 Extension Bob Evans Expected .41 Fibonacci Retrace .618 / 1.272 Extension Lazy Boy Expected .38 Fibonacci Extension 1.272 Actuant Corp Expected .53 Fibonacci 1.618 H/L Target Reached ... could be counter trend rally .886 or 2.618 extended June 17 Pre-Market FedEx Expected 2.58 Fibonacci Extension 1.272 June 17 After Market China Finance Online N/A Fibonacci 1.272 Extension // Went Beyond Fibonacci .618 Retrace .50 1.618 Overextends to 0 (Bankrupt?) Claycor Expected .77 1.618 Extension Jabil Circuit Expected .49 Ascending Wedge Fibonacci .886 Retracement or Fibonacci 2.618 Extended Oracle Expected .87 Flat Base Near Support Fibonacci 1.272 Extension Pier 1 Imports Expected .08 Bearish Trend .618 Retrace 1.272 Extension June 18 Pre-Market Darden Restaurant Expected .93 Fibonacci .618 Retrace Fibonacci 1.272 Extension Kroger Expected 1.25 Bump and Run Fibonacci 2.618 Extended Rite Aid Expected .41 Fibonacci Extension 1.272 June 18 After Market Finisar Expected .25 Fibonacci 2.618 -- .886 Confluence Price Target Red Hat RHT .41 Fibonacci 2.618 Extended Smith & Wesson Expected .35 All Fibonacci Targets Met 1.618 Extension --- Confluence .50 Fibonacci Retrace 1.272 Fibonacci Extension June 19 Pre-Market Carmax Expected .86 Fibonacci .618 Retracement KB Home Expected .08 Fibonacci .886 Retracement or 1.618 Extension
C
by QuantitativeExhaustion
27