SPY CRASH WAVE 3 POSSIBLE SOONI believe the SPY topped in an ending diagonal earlier this month.
We had 5 waves down for possible Wave 1 followed by 3 (ABC) waves up for possible Wave 2.
Wave 1 down featured moves of three (ABC) indicative of a likely leading diagonal.
SPY high-fived the .618 fibonacci retracement off Wave 1.
I could see rally exhaustion happening soon.
If I've charted correctly, Wave 3 down is possibly on deck.
Wave Principle usually targets the 1.618 Fib Extension as a target for Wave 3.
Not Fina
ETF market
Opening: QQQ Nov 20th 706/716/2 x 793/798 Iron Condor... for a 3.34 credit.
Comments: My weekly iron condor in the broad market ETF (IWM, QQQ, SPY) with the highest 30-day IV. (1) Selling the 25 delta short option on the put side; (2) selling twice the number of contracts on the call side, but at approximately half the delta of the put side; (3) making the call side spread half the width of the put side wing; and (4) then fiddling with the call side a smidge to structure the setup so it's net delta flat.
Metrics:
Max Profit: 3.34 ($334)
Max Lo
How many shares should I actually buy? (Most traders guess.)Position size is the one input most traders eyeball. It's also the one that decides how much a loss actually hurts.
Here's the math, done for you. Pick an account size and how much to risk per trade, say 1%. Choose where the stop goes. The tool returns the exact share count that keeps that loss at 1%, and plots the stop and targets alongside it.
How to use it: set the risk once, and let the size float. A wider stop means fewer shares. A tighter stop means more. Same dollar risk either way: the
One batch, two pays: META and TSLA confirmed TRENDsGOOGL's earnings miss flushed the tape overnight — QQQ gapped down to its 718.32 flush line into the open — and the morning's trade was not the open itself. It was the prints that formed at completed lows and then confirmed.
META printed its TREND signal at the 616.20 morning low. The confirming SMI golden cross completed inside the window, the entry triggered through 621.50, and price ran to 626.50, later ~630. The Oct30 635 call went 2.21 → 3.50 at the exit.
TSLA printed at the 400.50
Opening (IRA): IBIT August 21st 38 Covered Call... for a 36.36 debit.
Comments: (Late Post). Added a little more at a strike/break even better than what I currently have on before hitting the road for the long holiday weekend.
Sold the -75 delta strike against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense/free cash flow aspect of the short call.
Metrics:
Max Profit: 1.64
Buying Power Effect: 36.36
ROC at Max: 4.51%
Will generally let these run until expiry and take profit at/near max or rol
SPY & QQQ: Key levels for Thu Oct 29 — tech under pressure▸ WHY: GOOGL's earnings miss is weighing on tech (QQQ -1% premarket), while SPY holds up better on rotation. AMZN and INTC report after the close.
▸ SPY LEVELS: 771 key level (SPY is right on it) · 775 / 780 resistance, heavy calls at 780 · 766 pivot — below it the market turns risk-off · 762 / 757 support · heavy puts at 750. Expected daily range ~766–774.
▸ QQQ LEVELS: 725 key level — QQQ opens below it · heavy calls at 720 act as resistance from below · 709.7 next support · heavy puts at 700
Research 29.10.2026🌏 Markets:
AMEX:SPY -3.32 -0.43%(pre/m)
NASDAQ:QQQ -8.99 -1.24%(pre/m)
🆕 Economic News:
Dow rises, S&P 500 and Nasdaq futures fall as Alphabet stock sells off, AI jitters return (Yahoo Finance)
08:30 USA – GDP Growth Rate Q3 Adv, Core PCE Price Index Sep, Personal Income & Spending, Initial Jobless Claims
09:15 EUR – ECB Interest Rate Decision
10:30 USA – EIA Natural Gas Storage
13:00 USA – 7-Year Note Auction
📈 Gap Ups
Reaction to earnings/guidance:
NASDAQ:PRCH , NASD
$SPY & $SPX — Levels for Thursday, October 29, 2026🔮 AMEX:SPY & SP:SPX — Levels for Thursday, October 29, 2026
📊 Key U.S. Economic Data (ET)
8:30 AM | Advance GDP q/q | Forecast: 3.2% | Previous: 2.2%
8:30 AM | Core PCE Price Index m/m | Forecast: 0.3% | Previous: 0.2%
8:30 AM | Advance GDP Price Index q/q | Forecast: 3.2% | Previous: 6.1%
8:30 AM | Unemployment Claims | Forecast: 198K | Previous: 194K
⚠️ For informational purposes only. Not financial advice.
📌 #GDP #CorePCE #UnemploymentClaims #SPY #SPX
QQQ - Inv Head &Shoulders? Hello Traders!
Well today was going great till after hours and we got Googles earning which were a major miss. The market is headed back down but I believe its just a retrace before continuing higher... Lets see if this plays out... I think the market will ignore google as it hasn't been in the Ai game that much and focus on other companies which aren't having as hard of a time.
So as long as we don't go below the low and reverse I suspect around the .786 it could form one of my favorite patte
No cross, no entry: QQQ gap-up fade into FOMCQQQ gapped up 0.4% into Wednesday's FOMC decision, and the morning board called it before the open: a gap-up fade, no full-size entries, trend prints scalp-only and only on a fresh push above the premarket high. The tape obeyed the call. Trend prints fired in the morning, but the completed 5-minute SMI golden cross that turns a print into an entry never arrived — so there was no entry to take.
By 11:00 the fade was measurable on all three names the morning watched: QQQ 723.52 to 721.51, NVDA 21
QQQ: Fading the post-FOMC pop into 725-727, targeting 715 / 710QQQ is chopping in a tight 720-725 range into the 2:00 PM ET FOMC decision, with Warsh at 2:30. Options positioning is light into the event, so a sharp move either way is likely once the statement hits.
Key levels:
- 727: volatility pivot. Below it moves tend to extend, above it dealers dampen
- 724.73: today's high
- 720: largest options strike, today's low area (720.30)
- 715: lower volatility pivot
- 700: major put strike / downside support
Plan A - fade the pop: wait for the first reaction
IWM first close above its October pivot in two weeksIWM closed Tuesday at 280.18, above its monthly and quarterly pivot at 277.36. First daily close above it since October 12, after ten closes under it and two failed intraday pokes last week. It is holding above it today too.
Monthly and quarterly bias now point up. 277.36 is the line to hold on a daily close.
What keeps me careful: the trend reading is still bearish and price already sits near the top of its short-term range, so the room left above is small. The monthly target at 286.74 is out
SPY & QQQ: Key levels for Wed Oct 28 — FOMC day, MSFT/GOOGL afteSPY is ~771.7 premarket (+0.3%), holding above yesterday's high of 771.14 after a close back above the 766–770 zone.
SPY levels:
• 769–767 — volatility pivot. Above it, moves tend to get absorbed and dips get bought; below it, moves accelerate.
• 775, then 780 — upside levels (780 is a heavy options strike).
• 760 — largest options strike, first support; 750 — major put strike, downside support.
• Options-implied daily range: ~0.6% (about ±4.5 points).
QQQ levels: pivot zone 715–727; 720 large
SPY Is Back Above 770.09 On Fed Day.SPY Is Back Above 770.09 On Fed Day.
SPY closed Tuesday at 769.66, just under 770.09 after trading as high as 771.14, and is trading near 771.60 premarket - about 2 points above the close, roughly one and a half hourly ATRs, back above the line. Gaps of that size are retested in the same session about one time in three, and the gap's direction says nothing about the session's. The 4H structure is a bullish impulse with a green light and a top-quartile reading, while the hourly structure is a tr
What is all this DOOM & GLOOM I hear about Brazil?What is all this DOOM & GLOOM I hear about Brazil?
Using a simply monthly chart, you could have seen the price was extended and entering a correction MANY month before the turmoil.
This is why stepping aside is never a bad thing, no matter how much you fear of missing out.
Research 28.10.2026🌏 Markets:
AMEX:SPY +1.11 +0.14%(pre/m)
NASDAQ:QQQ +2.88 +0.40%(pre/m)
🆕 Economic News:
Nasdaq futures rise as SK Hynix boosts chips before Fed decision, earnings (Reuters)
08:30 USA – Goods Trade Balance Adv, Wholesale Inventories Adv
10:30 USA – EIA Crude Oil Inventories
14:00 USA – Fed Interest Rate Decision, FOMC Statement
14:30 USA – Fed Press Conference
📈 Gap Ups
Reaction to earnings/guidance:
NASDAQ:AXGN , NASDAQ:UCTT , NYSE:VRT , NYSE:PUMP , NASDAQ:MANH , N
Vanguard Industrials ETF (VIS). VIS**Vanguard Industrials ETF (VIS)**
The Vanguard Industrials ETF provides diversified exposure to U.S. industrial companies, including businesses operating in aerospace, machinery, transportation, construction, and industrial services.
The broader higher-timeframe pattern provides the directional context for this analysis. On smaller timeframes, the focus is on identifying a **confirmed shift in market structure toward the upside**, potentially opening the way for a continuation toward the **Al
Elliott Wave View: GDX Rally Expected in at Least 3 WavesThe short-term Elliott Wave outlook for Gold Miners ETF (GDX) suggests the corrective cycle from the August 26 high has already ended as a seven-swing structure. From that peak, wave (W) declined to $91.19. A corrective rally in wave (X) then reached $98.36. Selling pressure resumed afterward, with wave (Y) extending lower to $78.93. This decline completed wave ((W)) at a higher degree as 45 minutes chart below shows. As a result, GDX should now be in the early stages of a larger corrective reco
Is this market even worth trading right now?Most bad trades happen in chop — the sideways grind where breakouts fail and trends don't stick. The hard part is seeing it in real time, before the trade.
This shades the chart when conditions are likely ranging. Clear = conditions favor directional setups. Shaded = the market's chopping, and breakout/trend entries are lower-odds.
How to use it: run it under your other tools as a filter. In shaded zones, tighten up or stand aside. In clear zones, your setups have more room to work. It combine
How many shares should I actually buy? (Most traders guess.)Position size is the one input most traders eyeball. It's also the one that decides how much a loss actually hurts.
Here's the math, done for you. Pick an account size and how much to risk per trade — say 1%. Choose where the stop goes. The tool returns the exact share count that keeps that loss at 1%, and plots the stop and targets alongside it.
How to use it: set the risk once, and let the size float. A wider stop = fewer shares. A tighter stop = more. Same dollar risk either way — the risk
SPY holds near its 50-day average below the October highSPY has gone sideways. The close of $769.66 is almost flat over 5 sessions and only about 0.7% higher over 20, sitting right on SMA20 $770.41 (-0.1%) and SMA50 $767.53 (+0.3%). Volume was 28.1M, just 0.69x the 50-day average, and RSI14 is a neutral 51: no conviction either way.
The bigger picture is still constructive, with the SMA200 at $727.76 about 5.8% below. But since late August the tape has been a range, not a trend: highs at $775.30, $775.14 and $781.62 (Oct 6, the 52-week high) against
$SPY & $SPX — Levels for Wednesday, October 28, 2026🔮 AMEX:SPY & SP:SPX — Levels for Wednesday, October 28, 2026
📊 Key U.S. Economic Data (ET)
2:00 PM | Federal Funds Rate | Forecast: 4.00% | Previous: 4.00%
2:00 PM | FOMC Statement
2:30 PM | FOMC Press Conference
⚠️ For informational purposes only. Not financial advice.
📌 #FOMC #FederalReserve #InterestRates #SPY #SPX
Opening: EWZ November 20th 31/38/38/45 Iron Fly... for a 4.53 credit.
Comments: High IVR/IV at 100.6/44.8%. A bet that IV contracts from here ... . With short straddles and iron flies, I generally look to take profit at 25% of max, but will probably money/take/run if I can get a 1.00 ($100) out of it, which would represent a 40.5% ROC.
Metrics:
Max Profit: 4.53 ($453)
Max Loss: 2.47 ($247)
ROC at Max: 183.4%
ROC at 25% Max: 45.9%























