Going for the gap fill just looking for confirmation of a close into the gap LOOKING AT 170 Puts - We need to close below that blue support line - Better confirmation on bigger time frames - looking for a pullback if not then a straight rip to the downside
First things first we are currently in a downtrend stuck in this channel... a few things can happen before we get into it here's somethings to take note of: - We have rejected off the weekly ichimoku cloud with a fat red candle on the weekly chart - We have rejected off the top trendline pretty clearly - Monthly candle about to close in 9 days and its looking...
AS YOU may have seen on my last post WE SNIPED the rejection off the top of the channel AND now we have confirmation... 1) Don't be mad or sad you missed that move NO FOMO that one move happened in one day 2) what you should be looking for is an opportunity to get back in in one of 2 ways -A pullback to at least half of the previous candle -A small...
BELOW 162.62 is a good opportunity to go short on BA for some big % puts. you can scalp the GAP or you can wait for a move to break below the gap and play it to the next support line.
Here we can make an easy play and wait to see a continuation in the downtrend to SWING some big gainer puts or we can be quickly in and out.
PEP is approaching ALLTIME HIGHS pepsi and ko are my top recession proof stocks as they might take a little bit of a hit but overall their hits aren't as bad. VERY FAST growing company calls for the breakout look cheesy here
Here you can look for rejections or resistance breaks they are key lvls to play... I am looking to get into calls monday to play the move to 192 supplu zone
GAMEPLAN- We are going to wait and see as we have rejected off the BLUE line which is considered resistance and we are looking to break above it. What I would love to see is a pullback then a break to the upside and then enter on the next pullback to support! confusing ik... but think about it this way when you stretch a rubber band (pullback) it shoots higher...
What we need to watch the $318.44 / $321.24 resistance number one if we can break above then we are going for 340 lvls. Watch for pullback to support lvls for entries on calls
- Keep close watch on this channel BREAK or rejection - We are also at a zone where we can break or reject - Last weeks movement might give us a push higher but RSI will pullback on the daily - Keep an eye for a break of the CHANNEL and the ZONE (purple zone) -ALSO keep in mind that we are testing the cloud! which is usually a very important place for price to...
IF we can bounce off 855.56 then CALLS IF we can break below 855.56 the PUTS
WE ARE IN GOOD PROFITS LOOKING TO SELL and RE enter very soon!
WE HAVE Basically already closed above resistance here WE NEED 1-2 candles on the daily above this lvl to ensure that this isn't just a fakout! There is a lot of range above resistance that we can play with
- Looking for the break above 310.51 then will look to scale into calls... - 318 will be the first target - If we can get above 318 we have a long way to keep on going
- Looking for a rejection off 417.44 if not then a rejection off the channel around 433 432 lvls -We need a clear rejection preferably 1-2 weekly candles OR 2-3 Daily candles confirming the rejection - If we break above both lvls then we have possibilities of a bear market reversal
- 418.01 is the main lvls we need to watch we are looking for a rejection or a break - We are still in a downtrend overall we need 1-2 more weeks for the downtrend break to be confirmed - Looking for a break to the upside or the downside it can be either one. - This is my main watch for next week because we need to focus on general market direction before trading other
-I've been having a hard time last week finding set ups and trading when I came to realize that this movement was SUPER choppy movement and was no clear direction -WHAT we need to pay attention to is that GAP fill lvl at $401.38 If we break above this we might have turned bullish and ready to bounce EVEN THO the economy is not ready at all - We HAVE TWO BIG NEWS...
-First thing we should notice is that $SPY is heading towards that gap fill we were looking for last week at $388.42 -2 things can happen: 1) we can pull back all the way up to 388.42 and then start selling off 2) We can fill the gap and continue to make a move higher to fill the bigger gap at 401.45 - one thing to keep in mind is that we shall **expect...