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SPX 7-Minute Chart Analysis: Identifying Bullish MomentumThis SPX (S&P 500 Index) 7-minute chart provides a look into intraday bullish momentum using Heikin Ashi candles and moving averages. Here’s a breakdown of the key points and signals observed on this chart: Key Indicators and Signals: Call Signals: The chart shows multiple “Call Signal” indicators (in green) along the trend, which highlight points where buying momentum is potentially entering the market. Each of these signals aligns closely with support areas or pullbacks within the uptrend, offering opportunities for entries in line with the prevailing trend. Moving Averages (Orange and Blue Lines): Orange Line (VWAP): The orange line tracks closer to price action and appears to act as a dynamic support level, with prices bouncing off it several times as the trend progresses upward. This moving average helps confirm the short-term bullish trend. Blue Line (50 EMA or SMA): The blue moving average is further from the price but shows the overall upward trend. The price remains above this line, further confirming that bullish momentum is intact. Heikin Ashi Candles: The Heikin Ashi candles show consistent bullish candles (yellow) with few lower wicks, which indicates strong buying pressure. The limited presence of red candles reflects minor pullbacks rather than trend reversals, which is typical in a sustained uptrend. Gray Support Zone(ORB): There’s a gray support zone below the price AKA the opening range breakout, which was tested but held successfully. This area marks a key support level, as each time the price neared this zone, it bounced back, showing that buyers are defending this level strongly. Analysis and Outlook: Bullish Trend Confirmation: The consistent uptrend in SPX, supported by both moving averages and the strong Heikin Ashi candles, suggests that bullish momentum is likely to continue. The multiple “Call Signals” give confidence in the trend’s strength, indicating potential for further upside. Entry and Exit Opportunities: You could use the pullbacks to the orange moving average or gray support zone as potential entry points, aligning with the overall uptrend. Watch for continued “Call Signal” alerts near these areas for high-probability entries. Key Levels to Watch: Support: Gray zone around 5,719 - 5,720 and the orange moving average. Resistance: Look for any signs of resistance at psychological levels like 5,740 and 5,750, where some profit-taking might occur.
AMEX:IWM
by Deno_Trading
LMT Lockheed Martin Corporation Options Ahead of EarningsIf you haven`t bought LMT before the previous earnings: Now analyzing the options chain and the chart patterns of LMT Lockheed Martin Corporation prior to the earnings report this week, I would consider purchasing the 625usd strike price Calls with an expiration date of 2024-11-15, for a premium of approximately $10.70. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:LMTLong
by TopgOptions
TSM Taiwan Semiconductor Options Ahead of EarningsIf you haven`t bought TSM before the major breakout: Now analyzing the options chain and the chart patterns of TSM Taiwan Semiconductor Manufacturing Company prior to the earnings report this week, I would consider purchasing the 190usd strike price Puts with an expiration date of 2025-1-17, for a premium of approximately $13.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:TSMShort
by TopgOptions
1
PUT CALL BUY SIGNAL MAJOR SP 5760/5880 The chart posted is my 20 day put/call . We have now reach a .50 % of the drop in QQQ and we have broke above .618 and 50 % of the drop in the sp 500 cash . We are alos forming clean 5 waves up patterns based on this chart in the put /call alone I must view the correction as OVER I had saw a chance to drop into 8/12 but the structure has turned up . Once we break above todays high n on a closing basis I will look for the min of a .786 to re think . Wavetimer
P
by wavetimer
$SPY Sharp Decline?! $503 Target, $493 possible 8/21, then $520Thats right folks. Your's truly with another quick thought on where I think we're headed, and FAST!! Assuming we repeat the First Half of 2022, I want to say that the next 10 days will produce a dump and a bounce. Do be careful if you're long this market. All signs point to a flash crash to $493 and then a mean bounce to retest $520. Don't forget, cash is a position. I like to keep things simple with my charts for the most part. ATM, I am looking at the 10D chart. I like the 10D chart because it has hidden divergences on RSI that prove extremely useful. As the days go on, it will get easier. Those that doubt will always learn the Hard way. Paytience will always prevail. After $520 bounce, I would assume a slow bleed to $480 into the election for a new low, followed by an Election Rally back to $530 before we come back crashing down. All of this will come with time and I'm writing it down so you can see my thought process. Everything takes time. Drop to $503-$494 Hard Bounce to $520 Slow Bleed to $480, Previous ATH Winter 22' Bounce to $530 for a Retest of Previous Support should we break. Good Luck out there
AMEX:SPYShort
by TazmanianTrader
IBM International Business Machines Options Ahead of EarningsIf you haven`t sold IBM before the previous earnings: Now analyzing the options chain and the chart patterns of IBM International Business Machines prior to the earnings report this week, I would consider purchasing the 185usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $7.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:IBMLong
by TopgOptions