$ES_F long into TuesdayGrabbed SSL and we have a 212 set-up per the STRAT. Lot of bullish set-ups on the big 5 in XLK (AAPL MSFT META). Looking to play the momentum into next week. Liking AMD it has a NICE PMG
HAPPY HOLIDAYS
Thestrat
BOJ action!!!!12/19/22 - 12/20/22
This was a wild evening session that rolled into a great trading day if you played it right. There was multiple entries up and down. As you can see from the prior day session there was a 1H Order Block and as soon as price ran into it I sold some ES for a potential down side play. With a little luck the BOJ dropped some wild news that they would basically let rates rise if needed. There was a wild reaction in the markets and it dumped hard. That was sheer luck. Then coming into the New York Day action I noticed a 5m FVG form in the pre market overnight. As the market opened Price ran into that FVG and I risked some buys to take it to the Equal High from the prior day session, and it did just that. As soon as it cleared the Equal Highs I figured there would probably be a pull back off that Buy side liquidity. Sold some ES and drew out my FIB aiming for a pullback below the 50% and possibly into the Golden Pocket. Almost perfectly it wicked off the Golden Pocket. At this point my bias was still bullish simply because the Bullish DR/IDR. So I then went back in with buys hoping for the High of day, and boom took the HOD out and I was out and done for the day. I figured there was a good chance it would keep running but at that point I had no levels and already had a successful day.
$COST Costco 2-2 Reversal Month$COST took the 2-2 reversal Month and is headed to the target 1 of $449.03
$COST also has triggered the Inside Quarter down with magnitude to $406.91 but the Q ends 12/31
Currently $COST is FTFC down
$ES_F $SPXWhat I am looking at for /ES coming into the ASIA session. Easy lay-up. Push-up to at or above previous low of week. Finally the drop into next w
$AMD will we go for the gap?Still inside week but the trigger to the upside is at 78.24, target 79.24. Gap is at 83.63. Keep in mind that this is also the outside quarter trigger. There is only one month of "quarter" left, but a santa rally could push it. Also we see the big inverse h/s on the day. There is no strat actionable signal for a put unless on the 1 hour.
ABNB ShortLooking to take ABNB for a 2-1-2 continuation on the daily to the downside. This already lines up nicely in FTFC with the weekly and monthly for the short play already. Although it is a one and can break to the upside I'm not neutral on it because of FTFC this late into the month and middle of week.
DKNG Short on Daily 2-2 RevDKNG has a nice 2-2 Rev on it that will trigger the flip of TFC on the weekly to give full TFC all the way to the monthly lining up. Looks like a good daily play for smaller accounts looking to grow with minimal financial risk.
MMM Long 2-2 Reversal on the DailyLooking at Calls tomorrow for MMM. It would switch TFC on the monthly to support it and the weekly by taking out PTs would also switch and become a failed 2. Entrys and PTs are marked for you.
OXY Short 2-2 Reversal Looking at OXY tomorrow for the 2-2 Rev with the failed 2 using The Strat on the daily, TFC on the monthly supports it and the weekly still being and inside candle shows it has still lacked choosing a direction this week.
$WBA ($XLP) Walgreens Long Setup $WBA ($XLP) Looking real high probable to go outside QTR. FTFC 🟢 Jan. 40Cs look the best.
$DOW ($XLB) Long Setup $DOW ($XLB) With some space to 50$. IF this thing wants to go outside quarter, that would be expansion to the higher highs of the daily BF (Bottom right chart)
$FCX (Sector: $XLB) Long Setup $FCX (Sector: $XLB) 2D-2U QTR 🟢 FTFC 🟢 Short term long targets around 40$
$EMN ($XLB) Long Setup via #theStrat $EMN ($XLB) Not a name I've traded, but it has triggered 212U Month 🟢, 212U 2Week 🟢 . Room to 85$, and then 90$ if it breaks through those levels
$OKE ($XLE) Long Setup $OKE ($XLE) Other names in oil may need some exhaustion, however $OKE has a nice 212U M right now 🟢 , 212U 2Week 🟢 with short term target around 64-65. FTFC 🟢. Need Dec. cons at the least
$GLD Long Setup Watch out for $GLD; Very high probability of this going outside month which gives a target of 160-161$, Also about to go 2-1-3U on the 2W 🟢 . Dec. 160C's are beautifu
SPY Dump incomingUsing the Broadening Formations from The Strat we can see that SPY is riding the top of the BF well, but even with FED mins coming out it still could not break resistance on the Daily. With that I expect SPY to chill around this area until next week or December at the next fed meeting. If you are in our group and read my write ups you know the real recession is coming 2023 and that is where I believe SPY will create Lower Low. Trade Price Action Friends. Have a green time.
Thirsty Thursday FV Gaps11/24/2022
Some nice Fair Value Gap Entries riding it up and down. As always Blue arrows are the entries and Red arrows are the exits. Up arrows Buy/Calls while down arrows Sell/Puts.
$AA Long Setup$AA Currently 212U Month. If it can continue to push, 45-47$ Short term target. FTFC 🟢
FVG Nice!!11/8/22
Nice entry in the 15m FVG while also breaking the overnight SSL Low. Then easily ran up into the 15 minute FVG above for the near perfect exit. Alos notice how it ran right into 5 minute Order Block right before the close and bounced right off that. I did not play that since it was to near the closing time but it would have been a nice scalp except for it never really reached any targets above.
$ES_F Been waiting for this move since last week. looks like we built enough liquidity for the move and today is Tue. By the time NY Opens I expect a close at or near 3704.25 by Wed at the latest.
$AMD not enough juice for earningsQcom dropped hard and with market conditions, AMD is looking like a 3-2d on the day. Needs to break 58 (also the bottom of the BF) but again we are right back in the chop zone. We have also triggered the outside week under 59.69, with a target of 56.67. If it can act right with a nice red day tomorrow, it can break that range. 1 hour correction may be needed first.
Broadening Formations For The Win.Broadening formations are a great way to see when exhaustion is coming, $SPY hit the top of it beautifully after a massive move up and got tired. Now, we all wait on what the FED says about rate hikes. 75BPS+ the market will puke. 50BPS (FED Pivot) then we break right through this broadening formation
