$AMZN is filling the gap from earnings. Let's see if it fills the whole gap down to 100/50MA that were just about to cross back to normalcy. Doni candle on close might create a new pivot.
$PUBM - selloff shooting star candle. Potential supports below.
Incredible hammer but low volume. Sold some puts this morning 160P for September regular. I don't mind owning this dividend stock if I get assigned.
Will it bounce higher here? Or will we break through?
SHOP has been accumulating for months, same like META. Sometimes companies take years to accumulate like this. Trade in a channel.
Asymmetrical H&S pattern on $SQ. Breakdown of the neckline confirmed Potential targets of selloff around $66-$61-$56. Head and shoulder patterns have some of the highest success rates. I will wait for a pullback towards the neckline and potentially short there.
Potential scenarios on $SPY for the upcoming weeks. 0.5 and 0.618 fib retracement and potential reversal. Will be cautious and if buying for swings I'll have stop losses right below in case this theory doesn't prove to be right. We had a strong volume on Friday's selloff, which suggests we can go lower.
SPY didn't care about supports and dropped over 3% in one day. Scenario C seems more likely. 50SMA and also 0.5 fib retracement and volume shelf in that range.
Gap filled. What's next? Scenario B or perhaps even lower to 400-390-385?
$JPM is filling the massive gap from a couple of weeks ago.
BLK tanked below the second gap. Happened fast. Just below the 20EMA. Huge volume shelf on 699. Next stop 674. I will be adding small dips on this one.
$SPY premarket does look ugly. Here're some potential scenarios. A - supply/ demand zone around 413 and the 20EMA. Volume shelf on 413 also. If we break down the next will be scenario B, previous pivot around 406-408 and the 100SMA.
BLK first gap has been filled. Next one around 710-705. Will be adding accordingly.
RBLX likes to play dirty tricks, but everything goes as planned. Nice retest, held the trendline, still moving in the battle zone rectangle. If we don't have retest on the general market, this could finally make its way to 200SMA and another supply zone around $60. I will set my stop loss below $45.
JPM on 100SMA, Overextended thought he Bollinger band. 95% of time stock retests back to the price median. In this case it would be around 150.
Blackrock is rallying madly. Just now on the 200SMA and filling the April 22 gap. I can see a retest around 700-710 where's a gap from early August news about COIN/ Bitcoin and the 10EMA. Chart a bit overextended and volume is slowing down today.
RBLX is battling. Need to close above the 50. I'm a fan. 100EMA and 50EMA finally crossing. 200 still in the way. Have this one in close eye the whole summer! Trading in and out, holding for longer swings. If we close here and continue higher I can see 55 soon.
META (FB) is setting up for something. 50EMA is crossing the 20EMA this week. It's a bullish signal but MA's a generally lagging indicators let's see it the stock overcomes the resistances ahead, 100EMA and a battle zone of supply from May/June 22.