TradeAlchemy

TradeAlchemy

$SPOT looks like there may be a continuation to my previous target. Adjusted the chart based on today's and I'm targeting 100% fib extension for first exit, 1.618 as second target. Will update the chart once we get to the 100%.

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Long Idea Target 850+

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Long position

TradeAlchemy

Long position.

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LEVELS ENTRY: > $336.00 STOP: < $325.50 TARGET $403, $449 REWARD: +34% RISK: -3.13% POSITION: Full Size

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LEVELS ENTRY: $270.50 STOP: < 262.00 TARGET $328.50, 377.00 REWARD: +21.4%, 39.4% RISK: -3.5% POSITION: Full Size

TradeAlchemy

Consolidating above 9ma on monthly chart. ENTRY: 188.62 (1/2 size) TARGET: 390 STOP: <165 NOTES: Will add the remaining 1/2 at support or break outside of the consolidation channel.

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Weekly Chart

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Weeky chart

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Inspired by @HRXOLABS post LINK i decided to apply EWT and I think we may have one more pullback before the monster rally.

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I cannot help but noticed the divergence between SPX and the GDP. The fact that they released the GDP numbers prior to the big tech earnings, changed my viewpoint on $AAPL, $AMZN, $FB, $GOOGL. Now I see the valuation for these stocks to be overinflated. My prediction is that regardless whether it’s they beat or miss - the valuation is still too high and expect...

TradeAlchemy

Already in position. Purchased calls and equities as of 07/17/20. True confirmation will be above the key level with a target at 1 fib level and potential extension to 1.618.

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I am looking to go long on $PEP once above the key level pivot. My first target will be @ 1 fib level. Will hold for continuation to 1.618 fib level

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Looking to go long once above key levels. Using fib extension. 100% fib level is my first target.

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Potential expanded flat pattern. I would not short this until below 337, but its hard to go long with this rising wedge pattern. I"ll keep watching until we're below 337. Looking 4-5 months out puts.

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Long Key levels and stop loss posted.

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Hitting key levels. R/R looking good for short

TradeAlchemy Updated 

Bearish Crab. Targeting retest of VAL sometime near mid-June.