insane66

insane66 Updated 

Chart of the week is SVXY: <-- SVXY is an ETF that is inverse of the VIX commonly called the volatility index. Inverse means that when VIX goes down SVXY is planned to go up (various conditions in the market could cause this to not actually happen = RISK). Today I am seeing the potential for an aggressive long position in SVXY above $84.50. A more conservative...

insane66

The chart of the week is MSTR: MSTR did a perfect extension higher back on the last move up off the roadmap line, moved up into exhaustion then went right back down making another bounce off that line. Today we are seeing a move up above the 61.8% level and if we can maintain a daily close above $415 that is a signal for an entry. Stop would be below the last...

insane66

I have a bullish setup that I call an echo trade. The entry signaled on Friday, I was late posting this chart, but so far the price was flat from my entry. I traded the setup with straight $65 APR calls and some $65/75 call debit spreads. The red flag / support zone is marked, a sustained move of price to this zone may indicate the trade setup is busted. I...

insane66 Updated 

I have a trend continuation setup that I call a market 'echo'. I think ETH will head up to the 1834 area, and possibly higher to the stretch goal area before finding some major resistance. It can have significant pullbacks or even retest the support zone along the way.

insane66

This is an echo trade setup for a bullish move higher in NNDM. The support zone is the red flag area to watch closely and consider closing. These trades typically work in 3-10 trading days, but could take up to 3-4 weeks to play out.

insane66

I have bought some $40 VIX calls for Jul expiration. The setup presents as an almost ideally proportioned 1-2 setup for a move higher. 51 area is the primary target and 63-64 area as a stretch goal with the possibility to extend higher.

insane66 Updated 

IWM / RUT / Russell 2000 completed a 5 wave down pattern. Now I am long calls at 137.5 looking for a move to 146 - 150 area.