HouseOfTrades

HouseOfTrades Updated 

After Earnings Report and the massive sell-off, TGT spent the last few days in a sideways consolidation (rectangle) - One of my favorite setups. Upside case: Above the top of the rectangle (155.81) I would go long targeting 161.50 Downside case: Below 150.95 I would go short targeting 146. I am treating every trade as a scalp and I have not been holding any...

HouseOfTrades Updated 

DE gapped below $400 with some strength and now a clear bear flag is formed. Ideally I would like to see some more consolidation inside the flag, however keep an eye in which direction this will break to. Above, could try to fill the gap to $400 Below, could test $372 and $362 levels

HouseOfTrades Updated 

SPY has been playing out nicely the past few weeks. As I mentioned before, I am not holding positions over night, only day trading and the levels and patterns have been on point. Since the last pattern I posted (Inverted Head and Shoulders) SPY just moved as i expected. From the Inverted H&S break it formed an ascending channel which broke on Friday to the...

HouseOfTrades Updated 

Here is a look at the possible Inverted Head and Shoulder formation on SPY (1hr) One thing to keep in mind, SPY is clearly in a downtrend, and there is no point in trying to time the bottom, the smartest thing to do is play what you see, take profits, reset and do it again. On this 1 HR chart, there is a possible inverted H&S in the making. Left shoulder being...

HouseOfTrades Updated 

Since April, HD has been trading sideways in between 315 and 300 Price finally picked a direction and pushed towards 280 , making the 300 level a strong resistance. Last week we saw a first attempt to break above that resistance and failed, proving that it is a strong level (Also psychological level) Watching to see which direction it will resolve. Maybe another...

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HouseOfTrades

A quick video showing some levels I am watching for SPY going into the next few sessions. Hope you enjoy

HouseOfTrades Updated 

Just a few levels on TSLA I am watching. Has been playing level to level very nicely. Price now approaching previous support zone, will be watching to see if it breaks of gets another rejection

HouseOfTrades Updated 

After a possible fake breakdown (Feb lows) Spy rallied over 10 points off FOMC today. It is right now basing below 429.15 / 430 which is a VERY strong resistance. This level has been tested already 4x. I would like to see some consolidation, preferably a flag/channel, and then another push towards this level . I believe now it will break and we can see 432. For...

HouseOfTrades

It is showtime for AMD. The so strong $100 psychological level. Not only it offered many times a good support and bounce, other times it offered a strong rejection/resistance. Now price is back at it. All it needs is another strong day in the indices and we might see a push above it towards 106 / 110

HouseOfTrades

Massive Trendline break on SHOP. I am watching for a possible pullback towards 475 / 470 , rejection and another push above 488.95 (which would be my entry) Above that levels are 512.81 / 573.85 Also important to note new channel that is possibly forming. Could offer some support.

HouseOfTrades

ABNB is trading inside a descending channel. Price is now testing the top and we might see an attempt to break in the next few sessions. 160 level has been extremely hard to break, it already tried twice and failed, causing a big sell. This level now is likely to break if price makes another try. Also, we can clearly see an ascending channel forming (red...

HouseOfTrades

MSFT has tried to break above 291 resistance for a long time now. I want to see a strong candle (1hr) closing above $291 to give some conviction. If there is another rejection we are back in the channel trading sideways, but still might present some good opportunities. But I would favor an upside move.

HouseOfTrades

TSLA is moving inside this ascending channel nicely (Look 15 min for a better visual) Price is now testing the bottom of the channel. If price rejects, we might see a retest of the top of the channel. In case price breaks below the channel, could see a push towards the base. FOMC tomorrow, so expect extreme volatility and whipsaw moves.

HouseOfTrades

After getting wrecked from ERs, TDOC seems to have found a bottom for now. It has also entered a gap from the drop. I would wait for a new high (yellow rectangle) and then target $50

HouseOfTrades Updated 

Classic inverted H&S on ROKU, Waiting for a break of the neckline for a confirmation. FOMC tomorrow, so market might be choppy, be careful!

HouseOfTrades Updated 

SHOP is showing an interesting setup. Previous support now acting as resistance ($450). This is also a strong psychological level. If we break and hold above $450 there is room to $510 Trade idea: Entry price: $450 (Break and hold above) *Always wait for confirmation* Targets: $472.50 , $490 and $510 Option Strike: 510c 5/6 (Currently trading at $10.80) Stop...

HouseOfTrades Updated 

Just broke below channel in the 15min could see 276 Be careful, market is very volatile right now

HouseOfTrades

Nice sideways consolidation/compression on AMZN, Above 2440 could see 2500 Below 2400 could see 2370