Moneytree
AMD to under $9630m chart shown above, Banked on AMD calls today but now that we've gotten over $103 we've got to go somewhere. A retracement to .78 on the fibs is where I have demand at $95.50 as long as we stay under $103.30. Such a huge amount of displacement, I think that we should be able to come back to these $103 highs at some point in the near future.
SPY - $413.50 TargetOn 4h time frame (shown on left) it looks like we swept the $410 level, meaning we should have enough momentum to get us near or above the highs here at $413.50. If we sweep the high we can then short to target $409. If we break the $413.50 high with momentum, we can look for a break and retest to go long. Good luck this week everyone!
AMD to $100+ by tomorrow?I'm excited for this one. All day I thought the market was gonna be bearish until I started paying more attention to AMD. retested the low and also made a ChoCH and sweep on internal liquidity. Really expecting us to blast through $100 to $101.85+ tomorrow. Loaded up on $100 calls and hopefully this plays out.
Potential Swing Trade Idea: BAC I tried to play calls at this decisional demand zone but cut early. Our sweep of our decisional demand could not get us above $30.19 so I'm expecting we drop further to demand starting at $29.60. I'm hoping see a bounce at $29.50 playing out to get us back to the highs around $31.
AAPL Q2 Update: Potential Swing Trade IdeaNot my best path drawings but I do think that anything above $170 seems like a great shorting opportunity, the lows at FWB:124 would be my target. I'd like to see if come to $170 and sweep supply or come to the highs at HKEX:176 and sweep that area. If we sweep HKEX:176 , I think it will be the best potential entry if this does prove to be bearish. **NFA
XOM: $117 Price Target?XOM has been ranging for a few weeks now, Getting back towards the HKEX:114 lows and it looks like that we have taken some liquidity and tested demand. Ideally, I'd grab a position from this demand zone but we will see what tomorrow brings us. Definitely wouldn't fight that HKEX:117 top and should be used as a target or potential short.
SPY $408 Price Target Before Bounce?Still refining the ICT strategies I'm learning to incorporate into trading but as of right now, SPY on the higher time frames is in an uptrend but on the short term, internal liquidity is trending down, imo. With equal lows at HKEX:410 , it seems way likely that we take that liquidity to get us to HKEX:408 , where, if we can take liquidity can get us from HKEX:408 , back to the highs at $415. Hoping that today I can short the supply zone around HKEX:413 into HKEX:408 or take the break of demand above $410.50 into HKEX:408 and then go long there if the entry criteria is met.
XOM to $114 or below?Trying to redeem myself from earlier this week and being wrong on XOM. Currently have supply right around $116.85 but we did close a candle above the high signifying a potential upside move. However, it looks we are taking sell side liqiduity in this supply zone and should have enough momentum to take us down to $114 and possibly the low at $113.
SPY: Due for more downside?I've got a supply zone staring at $394 that I think will serve as a temporary top for the remainder of this week. We also have a strong resistance at $393. I may look to enter puts but I am more likely going to try to play UVXY calls with the extra volatility. I'm expecting this to get under $380 fairly quickly and ultimately down o $378 where I see a gap.
Head and shoulders forming on $SPY? After capturing liquidity above $410 I’m extremely short biased as this forms a potential head and shoulders setup this week. I see a broken demand zone that we haven’t retested at $408.25 but I do think bulls can likely retest $410 before a big downside move. If we start to break $410.30 I’ll throw my bearish sentiment out and consider longs. If we confirm this right shoulder we should make a move down quickly towards $395. Will be fun to watch, good luck!