TVC:SPX is at a critical resistance confluence now. Long holders may start to hedge their positions here.
I've been trading for 20+ years and I believe I have almost seen it all. I've had big winning trades, and huge losses. Some of my biggest wins came when I was a beginner aka fomo trader, and my biggest losses came when I become more knowledgeable of the market. My most consistent trading came in my latter years when I gained experience and felt real pain, and I...
Risk vs Reward. Some sort of top forming. Yes, it could go higher but it's about Risk vs Reward. I am taking profit here and accumulating some short positions.
Here is a chart of the put to call ratio when compared with NASDAQ's ETF, QQQ. When the line is at the bottom of the PC chart, that means market participants are net short. When at the top, they are net long. I'm sure we've all heard the saying that market makers usually take the other side of the trade. This chart shows that this is a true. When stocks are...
This chart shows the S&P 500 since its lows in March and the current rally since those lows. The market is on the verge of creating an epic v-bottom. To highlight this move higher, we've added a big green arrow to the chart that you can't miss. That's the new arrow marker drawing tool that you can start using today. The Arrow Marker is a convenient pointer used...
5/22/20 - SPX500 futures for the next couple of weeks Pick your patterns I think I am going to walk away from the market for a week or two and I would not have missed anything, unless we have a crash.
5/21/20 133 minutes chart Looks like a consolidation before a break out White and Yellow alt scenario I am reminding myself not to over trade now.
Technically ; we should expect a reversal attempt somewhere here around as the gap in weekly chart has been closed now. As the FED is pumping huge amount of money into the markets, stock markets may soar further but the questions is ; where is the limit ? The FED will / should say ; "hey guys, that was too much, stop and let's give a break now." And relying on...
4/29/20 SPX 4 hour chart Time to take lock in your profit We have approached the possible (B) wave up - it's been a good ride up If moving up continue to (iii) in the box, still likely retreat to (iv) then up to (v)
Hi traders, I didn´t open a trade yesterday, so I decided to record an educational video for you. My favorite topic (and very hard to implant for many traders) is TRADING RANGE. The most most most crucial ability is to recognize if you are in a Trading Range or in a Trend. Every stage of the Market requires a different approach! You can find a lot of...
Hi traders, This time instead of a recap I will provide somewhat of a psychological insight "live" as I am going through a losing streak in the markets! And as much as I would like to boast with my incredible gains every day, of course, I think this is a good thing. It enables me to show those who might be experiencing the same thing that this is completely...
Hello traders, after Easter, we share another educational video. Today´s topic is focused on drawing support and resistance levels. Many traders draw LINES and they think the market will bounce exactly from that level. The truth is, you can never do that . Instead, it´s better to understand the S/R level as a zone WHERE you can EXPECT some activity. Nobody...
Hello traders, it is worth looking at the psychological problem that appears during this tough time and that´s: "Trade what you see, not what you think" Many traders forget about their trading plan and try to change the rules to adapt to the current situation. The problem is, that nobody knows, what will happen tomorrow, in a week or month. Markets...
We gapped up into resistance of 2730 upon open we attempted to close gap to yesterdays high but came short and rallied into resistance again, lets see how it reacts around here, remembering we are still above short term Mas, upon a pullback or positive push from a gap down could show viable entries
Based off of Fib extensions and SNR next three targets to the downside are identified. Buy long puts, but out to at least Sept and ITM or else the volatility premium will hurt. If too extensive start with 260/255 Credit spreads out 45 days and take advantage of the premium.
SPY is clearly heading for retest of March low and then if that is not cleared it will likely find support around 170. Look at channel, Fib extensions and channel. All say the same thing. If Puts are too expensive sell 260/265 call credit spreads to take advantage of the increasing volatility. Do not put puts unless they are deep ITM and far out (i.e.,...
In this video, we went over the trades. Thanks for watching. Please support my work by sharing this video with other investors and traders. Don't forget to smash that like button here and drop a follow. See you guys tomorrow. Take it easy. ~Bo