fourtrade

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Grabbed Loop the other day at 1.11 based on the hourly divergence on the RSI AND the 200DMA support coming in. Saw some good movement from there and it has recently retraced the whole move it made on the 15M chart. This is not investment advice.

fourtrade Updated 

SHOP has me bullish. Reason being we are at a really strong support. I loaded up some calls during the day on Friday. This also aligns with some bullishness on SPY which I'm sure many will disagree with. Spy is not only longer term divergent but is selling off, in my opinion, wayyy too hard. But that's a whole other post. SHOP has been being bought up at these...

fourtrade Updated 

SPY has been underwater lately throwing us mixed signals everyday. In my opinion daytrading and/or short-term swing trading this market can be both profitable and slightly dangerous. But nonetheless SPY is going oversold on the hourly chart and if we look back historically, SPY doesn't like to be oversold. Not only is it approaching oversold but it's doing it with...

fourtrade Updated 

We've seen quite the downtrend on BABA since Spring/Summer '18 and I think a lot of people are wondering when it will end. I think a turnaround will happen sooner than later. Following a bullish divergence on the 1Hr we had earnings that slowed our roll. With a "not-so-great" guidance from the online giant, we fell again to our last support. But what I'm seeing...

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I've been watching DIN for a bit waiting for a break of trend. It was recently upgraded to "strong buy" and is right at ATH's. Nonetheless there's quite the bearish trend on the indicators setting up. Major bearish divergence on the 4HR, 2HR, and 1HR. What I'm waiting for is a break of trend BUT keeping an eye on the resistance level. If there's a major push...

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On both the daily and the hourly chart, TPX has been creating a pretty nice divergence. I'm thinking this will be a position I sell by the end of the week depending on if it goes overbought and/or starts breaking daily moving averages. I don't use intraday MA's as I like to swing and, in my opinion, see daily MA's as the strongest of support/resistance.

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In February, where it hit its most oversold point on the RSI since September of 2017, its now moving closer to that point again. In Feb, we had a really nice bounce from $7k to over $10k. I'm sure it will bounce again BUT will it change momentum? This is why I think this is at the most pivotal point we've seen BTC since its first major run. This can mean sink or...