My watchlist got taken down by TradingView moderators yesterday. As a recap, I was bearish on SPY, and main watch was PYPL for the 3-1 setup it had on the daily
SPY - Super bullish uptrend day. I was hoping for bearish continuation, but the markets had other plans. I can really only credit this movement to two things: Neutral CPI data, and markets possibly re-adjusting/stabilizing from yesterday's madness. Regardless of why we were so off with our prediction, we were just wrong plain and simple. Unfortunately my streak of correct predictions has ended because of today. This is a prime example of an engulfing day not following suit and moving in the unexpected direction, which happens about 15% of the time when we see engulfing candle days.
We closed relatively strong, so I have to believe we will see continuation tomorrow. Upside target set at the 416 area. I have a feeling we either pump hard tomorrow or just consolidate and create an inside day. Would rather see an inside day being made than another 2U
Watchlist:
3-1 Daily Setups: (Neutral on all except TSLA)
TSLA - Bullish
COST
DOCU
DIS
2-1 Daily Setups: (Also Neutral on All)
AMD
SHOP
PFE
SQ
BABA
LULU
CSCO
Main Watch:
TSLA & PYPL
PYPL never broke out of the 3-1 daily so now it is in a 3-1-1. Watching for upside
TSLA is in a 3-1 and has more room to the upside. Also watching for upside. Target is 191. To the downside target is 176.16
Yesterday's main watch:
PYPL: mentioned it did not break out of the 3-1 above. Not a loss, not a win either
Watchlist Stats:
3/4 on SPY predictions
2/4 Main Watch Plays
Personal Stats:
1/3 On the week
Overall red
Messed up today. Had two solid trade ideas, but just barely got stopped out on both before the move I was looking for happened. After two losses I called it a day and just watched for the rest of the day. Sometimes on days like today where I am right with my analysis, but lose trades, it is best to just stop trading and watch. Every trader has good and bad days. I can credit this red day to a few minor issues, but the main thing on days like this is to be able to recognize the mistake or mistakes, learn from them, and move on. Lets rebound tomorrow and close the week green. Good luck everyone
SPY - Super bullish uptrend day. I was hoping for bearish continuation, but the markets had other plans. I can really only credit this movement to two things: Neutral CPI data, and markets possibly re-adjusting/stabilizing from yesterday's madness. Regardless of why we were so off with our prediction, we were just wrong plain and simple. Unfortunately my streak of correct predictions has ended because of today. This is a prime example of an engulfing day not following suit and moving in the unexpected direction, which happens about 15% of the time when we see engulfing candle days.
We closed relatively strong, so I have to believe we will see continuation tomorrow. Upside target set at the 416 area. I have a feeling we either pump hard tomorrow or just consolidate and create an inside day. Would rather see an inside day being made than another 2U
Watchlist:
3-1 Daily Setups: (Neutral on all except TSLA)
TSLA - Bullish
COST
DOCU
DIS
2-1 Daily Setups: (Also Neutral on All)
AMD
SHOP
PFE
SQ
BABA
LULU
CSCO
Main Watch:
TSLA & PYPL
PYPL never broke out of the 3-1 daily so now it is in a 3-1-1. Watching for upside
TSLA is in a 3-1 and has more room to the upside. Also watching for upside. Target is 191. To the downside target is 176.16
Yesterday's main watch:
PYPL: mentioned it did not break out of the 3-1 above. Not a loss, not a win either
Watchlist Stats:
3/4 on SPY predictions
2/4 Main Watch Plays
Personal Stats:
1/3 On the week
Overall red
Messed up today. Had two solid trade ideas, but just barely got stopped out on both before the move I was looking for happened. After two losses I called it a day and just watched for the rest of the day. Sometimes on days like today where I am right with my analysis, but lose trades, it is best to just stop trading and watch. Every trader has good and bad days. I can credit this red day to a few minor issues, but the main thing on days like this is to be able to recognize the mistake or mistakes, learn from them, and move on. Lets rebound tomorrow and close the week green. Good luck everyone