SPY - I think today was like a 50% win 50% loss from our prediction yesterday. I wanted to head lower than Friday, which we did not get, and we closed green, but my prediction also said that I saw today being a pullback day or consolidation day, which it was. Tomorrow I am thinking we head higher and that is purely due to the fact that we had such a strong close. Textbook bullish candle. With today being an inside day, anything can happen, but we are definitely leaning bullish. If we break today's high then we target 415.13 and 417 if buying strength is there
Watchlist:
All inside setups on the scanner on my chart per usual
Challenge account watchlist: (Current account value is $50.00. No trades today on it)
AA - 3-1 Daily
ARKK - 3-1-1-2 Daily - 50% rule/Potential Compound 3 Bar
U - 2-1 Daily
Main Watch:
ARKK: Looking for a break of 39.08 to target 39.84. With this reversal pattern, it is important to note that today price passed the 50% retracement of yesterday's range after breaking the low. This is what starts the creation of compound engulfing candles. Reversals with this setup usually bank hard. If my bullish bias on SPY plays out well I can easily see this one being a solid play
Previous Main Watch:
TSLA - Played out solid for anyone who scalped at open
RBLX - dropped 12.5% premarket off of news. Completely invalidated. What a shame.
Watchlist Stats
1/1 on Spy Predictions
1/2 Main Watch Plays
Personal Stats:
1/1 on the week
Overall Green
- scalped puts today on SPY for a nice 30% win
Watchlist:
All inside setups on the scanner on my chart per usual
Challenge account watchlist: (Current account value is $50.00. No trades today on it)
AA - 3-1 Daily
ARKK - 3-1-1-2 Daily - 50% rule/Potential Compound 3 Bar
U - 2-1 Daily
Main Watch:
ARKK: Looking for a break of 39.08 to target 39.84. With this reversal pattern, it is important to note that today price passed the 50% retracement of yesterday's range after breaking the low. This is what starts the creation of compound engulfing candles. Reversals with this setup usually bank hard. If my bullish bias on SPY plays out well I can easily see this one being a solid play
Previous Main Watch:
TSLA - Played out solid for anyone who scalped at open
RBLX - dropped 12.5% premarket off of news. Completely invalidated. What a shame.
Watchlist Stats
1/1 on Spy Predictions
1/2 Main Watch Plays
Personal Stats:
1/1 on the week
Overall Green
- scalped puts today on SPY for a nice 30% win