sethsalazar70

sethsalazar70

All this depends on options flow next week but this is what I'm seeing... watch for sweeps and quick returns back into zones... Trend lines were meant to be broken so watch for a break through a trend line with a sharp return back into a zone. I will say this last pivot point had a lot of volume traded which kind of tells me positions were getting off loaded.

sethsalazar70 Updated 

Buy when others are fearful. Isn't it funny the momment the market drops you start hearing all the negative news and when the the market gets close to peaking all the good news comes out? Just in time for the market to drop. You don't have bad luck. You watch the news. Im not saying there isn't black swan events or major news doesn't move the market but the vast...

sethsalazar70 Updated 

I'm gonna keep this brief. Find liquidity, Find manipulation and find imbalance.

sethsalazar70 Updated 

I think Tsla will have a good end of the week as long as we don't gap down below liquidity. If we have high selling pressure in the morning be careful with any puts because we are headed to a high liquidity zone and i expect a v shape recovery. If we gap down in the morning WAIT.. If price pushes back into the zone a long may still be in the cards Keep in...

sethsalazar70 Updated 

As of right now no reason to believe SPY is gonna flip bullish but these are the scenarios, key levels to watch. Strong resistance $445 if we can manage to break or gap above (better) i believe we can see some liquidity taken out. If by some miracle we make it to $445 look for some time of choppy price action , typically this weakens the resistance. If we end...

sethsalazar70 Updated 

I hope this helps someone, i struggled a lot with structure mapping and it was one of the big reasons i was never profitable. I have learned a lot from this community and i feel like its my time to share something. If you wanna learn more in detail visit the "trading hub" on youtube. You wont regret it. *Inducement = Pullback (Induces traders to buy in)...

sethsalazar70 Updated 

SEASONALITY: If your a seasonal trader keep in mind this week generally returns +3.04% Elliot wave: I believe we completed the A wave and we may see a big bounce to complete the B wave Structure: TSLA has not break structure yet, structure break is at $240 Support Levels: $256 and $245 Resistance: $270 and $280 ($280 is the level to watch we may get a big...

sethsalazar70 Updated 

I would never recommend shorting a stock with this kind of momentum but I would say this could be a buying opportunity. A lot of gaps and liquidity in the market.. be careful think like a institution.. where can I knock people out so I could get in?

sethsalazar70 Updated 

TQQQ managed to break structure, keep in mind this is a minor structure so for now shorting is your high probability trade but its temporary considering the major structure has not been broken. Tqqq has support around $43 If we get a bounce tomorrow look for $43.8 to stop the momentum upward. I think in order to get above this price we need a pre market gap...

sethsalazar70 Updated 

• Seasonality PRE ELECTION YEARS AUG 7th-12th (Avg return +.35% ) • SMC Long term market structure: Bullish Short Term market structure: Bearish Bullish order block: $40.43 *Posted this last night but just realized it was created under privet* Bearish order block: $42.57 and $42.33 Breaker Block (Strong High): $41.92 BULLISH CHOCH: $45.70 BEARISH CHOCH...

sethsalazar70 Updated 

seasonality July 24th - Aug 3rd: -3.34% return Elliott wave: Currently in a 5 wave correction, we either completed the wave 5 or we are currently in it. Expecting a rally either tomorrow or Wednesday to complete the B wave. Structure: We just completed our first structure to the downside which tell's me there is now upside liquidity. We need to gap above $43.27...

sethsalazar70 Updated 

Seasonality July 24th - Aug 3rd: -3.34% return Elliott wave: Currently in a 5 wave correction, we either completed the wave 5 or we are currently in it. Expecting a rally either tomorrow or Tuesday to complete the B wave. Structure: We just completed our first structure to the downside which tell's me there is now upside liquidity. If we break above $44.27...

sethsalazar70 Updated 

Ticker: Tqqq • Seasonality PRE ELECTION YEARS July 28th – Aug 25th (Avg return -8.45% ) • SMC Long term market structure: Bullish Short Term market structure: Bullish Bullish order block: $42-$43 Bearish order block: $45.41- $45.74 Breaker Block: $43.84 - $44.10 Imbalances: Upper $46.21 - $45.70 Lower $43.01- $44.59 Bearish CHOCH: $42.44 IDM sweep:...

sethsalazar70 Updated 

Bullish structure continues, making its way to first resistance , if broken look at the next zone for resistance. Pullbacks are necessary for continuation

sethsalazar70 Updated 

Nvda continued its pull back today which was over due. Keep in mind if your a seasonal trader July is typically the pivot point for the market. (odd years) Obviously a lot of selling today but bears please do not celebrate to early, at the moment no structure has been broken, we could continue to sell off and still be in a bullish structure so be patient if...

sethsalazar70 Updated 

If your a seasonal trader keep in mind July is typically the pivot month in odd ears so be carful with your call options. TSLA has not break structure yet, structure break is at $240 As for now this is a liquidity grab so your high probability trade would be to long. TSLA has support around $262 and $257 If we get a bounce tomorrow look for $270 to act as...

sethsalazar70

seasonality July 24th - Aug 3rd: -3.34% return Elliott wave: Currently in a 5 wave correction, we either completed the wave 5 or we are currently in it. Expecting a rally either tomorrow or Wednesday to complete the B wave. Structure: We just completed our first structure to the downside which tell's me there is now upside liquidity. We need to gap above $43.27 ...

sethsalazar70

Don't trade against the trend. Are we over extended? yes. But do what the chart is telling you not what you feel. So that being said these are buying areas. Don't buy blindly switch to a lower time frame and look for either a v shape recovery or a descending channel with a breakout that take out the previous high. Good luck