The Bottom Line:
- Lamont, a seasoned trader with over seven years of experience, offers insights into the current market scenario.
- He highlights the importance of key resistance levels in SPY and the potential trade zones around them.
- Discussion on QQQ reveals significant supply and demand zones and their impact on market trends.
- Lamont emphasizes the relevance of understanding value areas and points of control in trading strategies.
- The analysis covers potential higher lows and resistance points in both SPY and QQQ, providing a roadmap for future trades.
Insights from Expert Trader Lamont on Current Market Trends
Analysis on Spy Performance and Potential Trade Zone
Last week we were discussing the remaining challenge for buyers in the form of Supply at an all-time high. With a gap-up situation leading to daily higher lows and higher highs, the focus now is on breaking the key all-time high resistance at 524.61. The potential trade zone is based on current structure support levels and indicates a strong position for another attempt at breaking the all-time high.
Insights on QQQ and Trade Zone Setup
For QQQ, a trade zone is established based on significant demand zone lows. Understanding price movements and areas of potential reversal, the analysis points towards a rejection from the value area high, indicating a move towards the point of control and further down to the value area low. Despite fluctuations, the daily trend remains bullish with considerations for a weekly higher low.
Trade Zones and Future Expectations for the Dow
Analyzing the Dow’s performance reveals a notable balance with space for setting a daily higher low over 37,798. Considering key support and demand zones, a trade zone is outlined to cover the value area low of the lower structure. Maintaining strong buyer interest in defending these levels can pave the way for potential gains and moving towards all-time highs.
Key Resistance Levels in SPY and Their Trade Zone Implications
**Key Resistance Levels in SPY and Their Trade Zone Implications**
Starting off with SPY, the focus remains on breaking the key all-time high resistance at 524.61. Current structure support levels indicate a potential trade zone setup for another attempt at surpassing this level.
**Analysis on QQQ and Potential Reversal Areas**
For QQQ, a trade zone is established based on significant demand zone lows. The rejection from the value area high suggests a potential move towards the point of control and further down to the value area low. Despite fluctuations, the daily trend remains bullish with considerations for a weekly higher low.
**Trade Zones and Future Outlook for the Dow**
Analyzing the Dow’s performance reveals a balanced scenario with room for setting a daily higher low over 37,798. A trade zone covering key support levels indicates potential gains and a path towards reaching all-time highs.
Understanding Supply and Demand Zones in QQQ
**Spy Resistance Levels and Trade Zone Setup**
Last week, the focus was on the challenge for buyers at the all-time high resistance in SPY. With a gap-up scenario leading to higher lows and higher highs, the potential trade zone is structured around current support levels, positioning for another attempt to break the key resistance.
**Insights on QQQ and Trade Zone Strategy**
In QQQ, a trade zone is identified based on significant demand zone lows. The analysis points towards a rejection from the value area high, indicating a potential move towards the point of control and further down to the value area low. Despite fluctuations, the daily trend remains bullish with considerations for a weekly higher low.
**Dow’s Trade Zones and Future Prospects**
The Dow shows a notable balance, providing space to establish a daily higher low over 37,798. By considering key support and demand zones, a trade zone is outlined to cover the value area low of the lower structure. Maintaining buyer interest in defending these levels could pave the way for potential gains and advancements towards reaching all-time highs.
The Role of Value Areas and Points of Control in Trading Strategies
**Analysis on Spy Performance and Potential Trade Zone**
Last week, the focus was on the challenge for buyers at the all-time high resistance in SPY. With a gap-up scenario leading to higher lows and higher highs, the potential trade zone is structured around current support levels, positioning for another attempt to break the key resistance.
**Insights on QQQ and Trade Zone Strategy**
In QQQ, a trade zone is identified based on significant demand zone lows. The analysis points towards a rejection from the value area high, indicating a potential move towards the point of control and further down to the value area low. Despite fluctuations, the daily trend remains bullish with considerations for a weekly higher low.
**Dow’s Trade Zones and Future Prospects**
The Dow shows a notable balance, providing space to establish a daily higher low over 37,798. By considering key support and demand zones, a trade zone is outlined to cover the value area low of the lower structure. Maintaining buyer interest in defending these levels could pave the way for potential gains and advancements towards reaching all-time highs.
Mapping Future Trades: Higher Lows and Resistance Points in SPY and QQQ
**SPY Resistance Levels and Trade Zone Setup**
Last week, the focus was on the challenge for buyers at the all-time high resistance in SPY. With a gap-up scenario leading to higher lows and higher highs, the potential trade zone is structured around current support levels, positioning for another attempt to break the key resistance.
**Insights on QQQ and Trade Zone Strategy**
In QQQ, a trade zone is identified based on significant demand zone lows. The analysis points towards a rejection from the value area high, indicating a potential move towards the point of control and further down to the value area low. Despite fluctuations, the daily trend remains bullish with considerations for a weekly higher low.
**Dow’s Trade Zones and Future Prospects**
The Dow shows a notable balance, providing space to establish a daily higher low over 37,798. By considering key support and demand zones, a trade zone is outlined to cover the value area low of the lower structure. Maintaining buyer interest in defending these levels could pave the way for potential gains and advancements towards reaching all-time highs.
