Marking EOPB of Downtrend with SqueezeMajor Trend: Downtrend
Intermediate : Sideways (marking as Pullback of Major Trend)
Structure: Squeeze
Setup: Squeeze breakdown with high momentum bar.
Entry:
1) On retest of POS
2) on Follow-thru
Options
NFLX and Rip?NFLX is another name thats been beat up.
Watching action tomorrow above $606 with the market showing some strength tomorrow
AMAT going bunkers !Nice breakout today on volume.
Watching above today's high for a push towards next resistance (left)
AMZN approaching breakoutAMZN is one of those that has been taking a beating lately.
Price is trying to break from a pennant,
I am watching price action above 3475 tomorrow
IWM support defendedToday IWM dipped once again into the support zone.
This zone has been defended for over a year now.
Every time we come down here, price rejects and run towards the upside of the channel.
For those who trade rangebound, this is a great R:R trade !
ES/SPX Weekly Plan | 12/12 - 12/17Big week ahead in terms of tapering updates. We are very bullish coming into the week for the following reasons:
1. The market has been made aware of Powell's true stance on inflation since he told everyone "we need to let go of the word transitory." We did sell off soon after to 4500 as the market received the news, but since then, everyone has had time to digest it, and we rallied sharply back to almost all time highs. to me, that says they're essentially "accepting" his plan and think that the market is strong enough to withstand the taper
2. Big big dark pool prints all last week even with the knowledge of tapering. This is very supportive for the market
Dec 15 will be very important. Powell can crush everyone's hopes and dreams if he comes out hawkish and speeds up his taper plan or increases the number of tapers. If this happens, our bias will change quickly.
$BABA highest IVR in this year = bullish Iron Condor #tradingAlibaba IVR is 170 without event?! No way.. I'm literally waiting these rocket IVR days in this year!
Chinese stocks are dumping hard. Alibaba Group is maybe the biggest and the best to play with some bullish IC.
Max profit: $230
Probability of 50%Profit: 81%
Profit Target relative to my Buying Power: 30%
Max loss with my risk management: ~$200
Req. Buy Power: $770 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 170 (high for )
Expiry: 49 days
SETUP: IC for 2.3cr, because IVR ultra high
* Buy 1 BABA Jan21' 80 Put
* Sell 1 BABA Jan21' 90 Put
* Sell 1 BABA Jan21' 150 Call
* Buy 1 BABA Jan21' 160 Call
Stop/my risk management : Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~$200.
Take profit strategy: 60% of max.profit in this case with auto buy order at 0.92db
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
#AVGO - PUT Opportunity#AVGO is at all time highs recently gapping up however if you pulled the FLOW on Unusual Whales yesterday the 13th you quickly saw that the FLOW was 73% bearish with extremely large PUTS and Sold Calls being placed against AVGO for this friday's experation played the $600 PUT and already mid way through the day am up 170%
After Dividends GIS Raised Prices...Will They CRUSH Earnings?Is GIS part of the global Supply Crunch? After several months our GIS retail play is holding up nicely but will they crush earnings? It seems they're poised to knock this out the park on 12 21, but anything could happen. Please DYOR before jumping in to GIS, read their prospectus & recent SEC filings, so there are no surprises. Full disclosure considering cutting bags here. We're done at the grocery store this quarter, & may look to rotate back into sectors that are down.
TSLA CALLS - Long opportunity presented. Key level of support, expecting bounce here.
If it breaks below this level, I'll expect a mid-term short opportunity.
However, currently my Analysis is edging towards buying.
$TSLA aiming for one last push.$TSLA forming a bullish pennant, or symmetrical triangle. buy call above $1030 sell at around $1061+
$LOW | 12/13-12/17 | Watchlist #4 $LOW $260 bounce
(Bounce off 260 for calls)
Technical analysis: Bull flag breakout on the hourly chart
News catalyst: "Lowe's holds a Financial Outlook event. The home improvement retailer is expected to focus some of its commentary on operating margin opportunities. Expect some analysis following the event on whether or not Lowe's can close the margin gap with Home Depot (NYSE:HD). Shares of Lowe's jumped 6% last year after the event featured some strong guidance." - Seeking Alpha
$RBLX | 12/13-12/17 | Watchlist #2 $RBLX +124
(Over 124 for calls)
Technical Analysis:
Descending triangle on the daily chart
After triangle consolidation, looking for a breakout
News catalyst: Ralph Lauren Dropped a Digital Winter-Themed Collection Exclusively on Roblox
$F | 12/13-12/17 | Watchlist #1 $F 21.2 bounce
(Bounce level off demand for Calls)
Technical analysis: Bull flag on the daily chart
News catalyst: Ford announced Friday afternoon that it aims to make 300,000 Mustang Mach-E crossovers for North America and China by 2023.
$RTY | WEEKLY WATCHLIST 12/13$RTY $IWM 1D
We stayed patient and got the exact pullback we were looking for. Now, we must hold $2170-2200. If we do, targeting wave 3 high of $2365 immediately.
$ROKU | WEEKLY WATCHLIST 12/13$ROKU 1D
I think we may have seen or atleast close to THE bottom. Watch for $211-220 region hold support for the next leg up. As long as we hold, we may see $300+ sooner than you think.
$PYPL | WEEKLY WATCHLIST 12/13$PYPL 1D
Bit of uncertainty here and unsure if THE bottom is in yet. Short/mid term I expect price to hover around $180-225 before a potential final leg down towards low $160s. Will update this name when it becomes clearer.
$NIO | WEEKLY WATCHLIST 12/13$NIO 1D
Still looking for another leg down before I'm interested in this name again. Eyeing the $24-26 region as first line of support and will go from there. I personally hold some equity for long-term and not bothered buy this pullback. I advise DCA strat.
$MU | WEEKLY WATCHLIST 12/13$MU 1D
Although holding up fairly well still, my bias is telling me we still may see a wave 2 down before the next impulse. Looking at the $70-77 region for a great dip buy. Staying patient on this name.
$LCID | WEEKLY WATCHLIST 12/13$LCID 1D
Last week, we saw Lucid sell off on senior notes offering news. Bouncing off the GP, we may see potential bottom here. Wait for smaller degree wave 1-2 form first (green path) for some better confirmation. Also included a fractal path to note labelled in blue...
$GOOGL | WEEKLY WATCHLIST 12/13$GOOGL 1D
Looking for a small pullback into the $2842-2893 region for a potential dip buy before an impulse higher. Keep on close watch.
$AMZN | WEEKLY WATCHLIST 12/13$AMZN 1D
Sleeping giant still in overall multi-month consolidation. Want to see a strong move out of this potential support. "Now-or-Never" scenario.
$AMD | WEEKLY WATCHLIST 12/13$AMD 4H
We must hold the $136-137 area, otherwise further correction will be needed. Really want to see an explosive move out of this zone early in the week to support this bottoming thesis.
