UPRIGHTTrading

UPRIGHTTrading

Hello traders, Today was extremely choppy, and unfortunately it looks like we have more ahead. The lowest 4 hr volume in the 2nd half of the session today. The amount of big money put towards bullish and bearish sweeps in the options market, is pretty much equal; but then again not much volume. Looks like this will just be a small pullback before another...

UPRIGHTTrading Updated 

Hello Traders, As you can see on the posted chart today we completed the Head & Shoulders Bottom. I've written out the calculations to help teach you how to measure price target. The following is a list of Bearish & Bullish indications going into tomorrow. ((Circle colors: Yellow = Bullish, White = Bearish)) Bearish: -Head & Shoulders Bottom theoretically...

UPRIGHTTrading Updated 

Hello Traders - I hope your are well. I just wanted to heed some warning, because well, the market looks like we've completed the bounce; but I'm not so sure. We are running up to the 200ema on the 20min. It looks like we could break through, but I'm still feeling we may have some headwinds we'll run into tomorrow with the FOMC. Let me know what you think! Cheers, Mike

UPRIGHTTrading Updated 

Hello Traders, I drew the attached on 10.12 for a discord group I'm in and the H&S Bottom pattern still stands. If it breaks the neckline we should see a reversal and a continued push higher (although, today I did circle that the closing price is currently at the exact edge of my regression channel). As I mentioned in my previous recent posts, the market has...

UPRIGHTTrading Updated 

Hello Traders, I hope you had a great day. Today we saw an interesting sentiment shift as soon as AAPL started falling off; with news of an iPhone supply shortage guidance adjustment, the supply chain and and inflation worries took over. The interesting thing about inflation is that it's partially psychological. When we see rising prices or missing things on the...

UPRIGHTTrading

Hello Traders, I hope you survived the choppy market waters and rode the wave! No one has a crystal ball, but we can analyze what we have in front of us. The Market jumped around all day unsure of what it wanted to do. It's been hugging the 50 quite a bit, once we see a clean break from it, we may get some definitive price action. Looking at the trends and...

UPRIGHTTrading

Hello traders, I totally forgot about the congressional meeting with Powell and Yellen.. That and the debt ceiling talk completely spooked traders. VIX jumped up to 24 by 10pm EST.. nothing says uncertainty like that. It's been a little tough to gauge the direction of the market the past few days, but I'd like to share a little insight. Let's break it down: - ...

UPRIGHTTrading Updated 

Hello traders, I hope you are well. As I'm sure a lot of others have been seeing, several charts posted on twitter and here are predicting a bearish move using Elliott Waves , news, a favorite indicator, or whatever lens we'd like to view the market through. Next few days look choppy to me. Are we going to end Sept on a high note or take a dip? In my opinion,...

UPRIGHTTrading

SPY moving up on lower volume. Just be careful here!

UPRIGHTTrading

Hey Traders, Intraday Analysis: SPY Moved as expected. Downward trend looking for SUPPORT around 443.55 if price doesn't break 445.10 (soft resistance, strong resis at 446.30). I expect SPY to continue to look for support. ESPECIALLY with QUADRUPLE WITCHING on Friday. (Note: I'm normally Bull Biased)

UPRIGHTTrading

Hello Traders - I hope your are well. I just wanted to heed some warning, because well, the market looks like we've completed the bounce; but I'm not so sure. We are running up to the 200ema on the 20min. It looks like we could break through, but I'm still feeling we may have some headwinds we'll run into tomorrow with the FOMC. Let me know what you think! Cheers, Mike

UPRIGHTTrading

The markets opened as predicted. Straight downward. This was then followed by some churning until 12pm and then a Rip upward. Still looking volatile (today did have a VIX of over 21 at one point); but with the double bottom and the rip upward, I think we're looking at a much more bullish Thursday. Good luck traders :)

UPRIGHTTrading

I tend to run bullish, even when the bears are closing in; but right now, I'm seeing a lot of red. Not much positivity in the news headlines for overall markets either. The most bullish one would be the delay of a taper due to resurgence of virus, but even that isn't much of a "positive" headline. It looks like we will retest the 450.75 support. Also, overall, I...

UPRIGHTTrading Updated 

Declining Volume and increasing resistance, but it does look like there could be a pullback if it breaks to the downside. However, long-term uptrend is still very strong. I do think we will continue a little bit higher, before a correction, but could have a pullback in a few days or so.

UPRIGHTTrading

Choppiness and sideways action may be in our future ($SPY).

UPRIGHTTrading

Although there's a strong uptrend; a small pullback appears to be coming. s3.tradingview.com