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Thestrat

AMZN moon mission incomingThings are looking very bullish for Amazon and I'm planning to take profits quick and reload at support and resistance zones. 1.) 130 min 2up candle to Daily Bullish Randy Jackson Entry If price breaks 3273.14 I plan to play calls up to 3281 and watch to see if we reject or continue to moon. 2.) Bullish Randy Jackson: If price breaks through 3282.37 then I'll look to ride it up to my PT Targets: 3298.69, 3305.61, 3312.86, 3321.04 3.) Outside Bar scenario: I can see price moving quickly at open to the Bullish RJ entry which is also the top of the current broadening wedge. If price reverses from there I plan to play it down to the 4H 2 down short area. The key here will be to watch volume and price action. Take profits quick and reload on retests. Support and Demand Areas: Red Supply Area overhead between 3281 & 3290 Demand Zone Area between 3251 & 3241
NASDAQ:AMZNLong
by GammaRayGoated
MRNA Mutli-week banger incomingMRNA buyers showed up last week with volume to the upside. There are a few options to play this to the upside or downside. Weekly 2Up: 180.8 2U continuation trigger with PTs to 186.8, 193.2, and 200.08. 4H Upside: This could be setting up for a 2-1-2 continuation to the upside plus the weekly 2U trigger. 4H Downside: I would look for a trigger below 173.83 followed with 2D continuation to take us closer to the weekly retest area at 160. Inverse Head and Shoulder/W/Cup and Handle (4H): A large cup appears to be forming since the beginning of Feb. If we get a pullback to the weekly retest area at 160, I would watch for a bullish reversal pattern and do a multi week swing up to the Jan retest zone around 200 and beyond.
NASDAQ:MRNA
by GammaRayGoated
XOM: Cash Me OussideXOM Weekly Bullish RJ could be a bag and a half. This can be played to the upside or to the downside. If we are playing to the downside we could be making an outside bar by the end of the month to 73.49. **Weekly Bullish RJ Trigger**: 83.45 with targets to 84.92, 86.88, 91.51 Upside catalysts : Daily 2-2 reversal at the Monthly Retest Area; Gap fill to 80.44; Two Down Retest Area at 81.60. I'll keep an eye on for a continuation through the 2D retest area and through the Bullish RJ entry. Downside : Look for a strat reversal pattern after the gap fill or at the 2 down retest area at 81.60. There has been a lot of selling taking place since March and we could be forming one last bear flag (gap fill or at the 2D retest areas) then sell off to make an outside bar for the month. I have been seeing higher than normal volume of selling when compared to the buying volume which could be a catalyst for more downside. I won't believe things until a strat pattern confirms on the weekly or higher timeframe. No trigger, no trade! If we start to see a continued run on tech stocks I could see continued profit taking on this ticker with the cash moving into tech stocks to catch the rally. If tech stocks start to sell off, I could see money moving back into this ticker.
NYSE:XOMShort
by GammaRayGoated
$MCD to 236 by end of quarter or all time highs$MCD - it took out the quarterly top, is now below 50% on the quarterly, and will likely make an outside bar candle (3) to take it to 236 by the end of the quarter. SHEEESSHHHH. This could also go the other way and look to make new highs again. Quarterly (White Fib & Red 50%): Currently a 2-2 with the high taken out, possible 3 down candle this quarterly as price has now passed 50% at 252.93. Monthly (Blue Fib): 2-1D Monthly 50% trigger Weekly (Yellow Fib): 2-2D Weekly Bearish Continuation if it breaks 250 to the downside. Also has the potential for a Bullish Randy Jackson if price breaks above 256.92 which also happens to be the weekly rejection to the downside. Daily (Grey): 2-1D Bearish Continuation or 2-1U Daily Reversal. Volume Sentiment: The downtrending candles show more volume of sellers when compared to buyers on the uptrend. I would expect this trend to continue if we are expecting to see 236 by the end of the quarter. Should this ticker decide to get bullish, I will be watching for price to move to the upside increased volume of buyers for confirmation. Bullish Targets: Look for a break above 252.29 on the daily with volume and take it up to 254.6. Should things continue with volume and if the area turns into support then you can take it up to 262 for the Bullish Randy Jackson for the week. Bearish Targets: Look for a break below 250 on the daily with volume. Take it to 245.25 and 243.95. If we retest 250 and aren't able to break above that then you can continue to take it down to 236.16 for the rest of the quarter. Overall I look for MCD to keep it hot with many options from the dollar menu bearish continuation to the big mac daddy bullish Randy Jackson (with volume) should things reverse from here.
NYSE:MCD
by GammaRayGoated
$SPY oversold?? $SPY broke the previous support of 457 approaching below 430. in all time frame SPY is really bearish. but the RSI on 1hr and 4hr chart shows that its oversold. oversold level doesn't mean it will bounce there. But the probability of short bounce is there. overall it seems the market is trying to deplete itself at the moment. most of the stocks that is rallying from this market are the retailers and energy. basically there is probability that the market is going in cyclical rotation but I could be wrong.. Day trade or scalp target play: 01/24/22 Buy call above 444.44 sell at 450.93 Buy puts below 434.60 sell at 431.22 Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
AMEX:SPYShort
by CHRIS_B58
Watchlist 12/3112/31 ES/NQ/YM1/RUT ES V shaped recovery on last 6 trading days. The week is almost fully outside of last weeks except for wed when we had the huge spike thanks to FOMC. We’re creating compound outside bars and expanding to the upside NQ Similar set-up as ES coming up off a green 2 down on the W. QQQ moved 17 points from open to close. We do have NQ approaching a smaller bf before taking out the larger one at the top of the range. RUT Russel 2000 (IWM). Man I dropped the ball on this one. I saw the set-up and went 4 points OTM for weeklies (216). The problem was I didn’t realize I bought daily’s. Those were about 1.37-1.53 if I can remember correctly and now 216s for next Friday are about 7.10 so yea… Rut had a fire setup last week (2D green hammer) and small caps ran the whole weeks. Expecting the momentum to keep up. YM1 The Dow also looks the same with a 322 Rev on the 2D chart both the index and the ETF coming up off a 2D green on the W. Sentiment Overall I’m feeling bullish as we spent the last few weeks consolidating and trading sideways which for smart money is just a chance to accumulate. I see us reaching new ATHs in the market over the next few weeks. If we do reject though I see a slow decline down a much larger trend line we probably just don’t see yet. Either way I will trade my plan and adjust for market conditions. 12/31 Watchlist SPY (ETF) 2-2 W Rev > 472.19 DLTR (XLP) 212 2D > 137.5 2D2U W > 138 ROKU (XLY) 2D2U D > 2UW > 239 TSLA (XLY) Continuation Play SQ (XLK) 2D2UD > 168.70 early entry for 2D2UW > 171.75 NKLA (Consumer Durable) (EVs XLY) 2UD triggers 2UW> 11.51 TGT (XLY) 2UD&W> 222.25 SOXL (SEMIS LEVERAGED ETF) 2UD>68.80 triggers 2D2UW PLAN SPY 476 C 12/31 PT 480 RT: 350% SPY 480 C 1/7/22 RT: DLTR 145C 2/4/22 139C 12/31 144CW RT: ROKU 255, 270 C 12/31 320 C 2/18/22 RT: TSLA 1200 C 12/31 (Already In) SQ 12/31 175 C RT: 100% NKLA 13 C 2/4/22 TGT 235 C 2/4/22 235 C1/14/22 RT: SOXL 70 C 12/31 RT: 200% MSFT 340 C 347.5 C 12/31 PT 343 RT: *PT=Price Target *RT=Return percentage Target *(All RT are general estimates/ranges I would like to cut. PT are targets based off #THESTRAT ) (I’m only taking these off triggers on weekly levels. Also for swings I avg in so I start small then as it works buy more contracts. For max safety buy all ATM. These OTM picks are just to hit a higher RR ratio. If they don’t trigger the trade is not placed. Also they can trigger and fail which is why stop losses are there if it triggers them retests but doesn’t stop the trade hasn’t failed yet. Might just need more time so I adjust accordingly, this is why time and averaging in helps.) ENTRY TSLA 1200 C @ 3.15 Fri +45% MSFT 405 C @ .97 2/18 -55%
AMEX:SPYLong
by yrmstocks