08/09 ATR Levels and Range== no input today just levels and lines SCALP SR2 531.99 SR1 531.08 SPOP 530.16 LAST PRICE 529.25 SBREAK 528.34 SS1 527.42 SS2 526.51 R2 538.38 R1 534.87 POP 532.76 LAST PRICE 529.25 BREAK 525.77 S1 523.00 S2 521.16 by TuskenDayTrade2
A Weekend Bet w BitiTicker Biti will benefit from decreases in the price of bitcoin futures contracts for a single day. Bitcoin had broken below it's 200 day moving average Sunday August 4th. and over the next week has rebounded back to it's 200 day average @ 61,879 as of Friday August 9th. Why would it get rejected at the 200 again and move down? -JP Morgan has published, that there could be 30% more to flush out of the system as a result of a strengthening yen. by lukSkul0
Viva Mexico! $MEXX chart looks bullishWe just tested the 61.8 retrace and if you believe the world isn't going to fall to bits, this is a solid play for upside in a 3x LETF.Longby novamatic0
Shorted XLK Small 217.50app.screencast.com Look Daily under the 50 day lower highs more selling buying yes selling getting less that why I am small like see 221.68 stop drop into the 50 day ma look weekly stoch perfect just starting this thin can drop 205 or 193by john12Updated 0
QQQ - Bulls Taking Control - Trading TodayQQQ is looking like the bulls are taking control here, which is not good for my short positions. Key level has been 448 for bulls and if we open above that out of the gate I will be considering closing my trades and taking my loss. I may flip on the backside and look to sell some short term PUTSs expiring today as I really do not want to hold a short PUT position over the weekend with all the uncertainty going on. Just a heads up for the daily trading. In addition I am interested in a few stocks: Dutch Brothers Coffee (BROS): Love me some coffee and this one seems to be oversold here. Very range bound chart, but what is interesting about it is that every time DBC sells off it recovers. So looking at selling some Puts here to step in and or you can buy outright for a target of 39. Stop at $23.75. Facebook (META): With the market down 10% off its highs, META is only slightly down and now it is approaching the 520 level and taking out the high. So if META is strong during bad times, if we get a market rally I would expect META to do very very well, so this is another on my list of stocks to trade today. Universal Display (OLED) Another quality growth company selling off on earnings, so I am looking to take a position here as well either selling Puts to step in, or buying outright. Other than META these are all longer term position trades I am looking to sell in the future. These are not part of my core porfolio which does not turn over very frequently. As for the trade, well you win some you lose some and as long as your winners are bigger than your losers you will make money!!! Again I will see where we are at the open and decide at that time. Not going to close out or cover a trade pre-market. by goldbug1114
Day Trading Bought Nifty around 24400.Trail sl hit!-9th Aug ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:16 for Hindi Audio) -No trades in second half -Good Volumes in the morning before 10 -Bought Nifty around 24400.Trail sl hit!Long00:37by eliftrades3
S&P500 reaches Sell ZoneThis area offers the best Risk to Reward ratio for Opening Fresh Short positions Top of the TrapZone, Once RED UMVD starts and we start seeing RED Bars again If VIX stays high we can get another leg down!Shortby SnowflakeTrader337
Hey SPY Lovers! We are on a slow recoveringThe price touched our area of interest and has started to bounce back upwards. As you can see in the indicator, the SPY is beginning its slow strength. If you Compare the structure with the oscillator on the bottom, you will see there will be a bull run soon . The question is: will this be the bull run we've been looking for, to reach our area of interest or even higher? No one knows for sure, but for now, I want to show you that the SPY is starting the recovery process. HERE IS THE KEY: We need to pay much attention to Nvidia's report because, if you remember, the last time they reported, it practically pushed all the markets to new highs! Let's see what happens." Longby RocketMike1110
$SPY August 9, 2024AMEX:SPY August 9, 2024 15 Minutes Opened gap up. Second bar close was good. Near top of bar and going below low of first bar. So bought around 524 for 528.5. trade over. Now AMEX:SPY above all averages except 200 in 15 minutes. So, for the day considering the rise from 518.05 to 531.3, holding 523 524 levels i have a target 532.5 to 535. If you draw extension from recent low 510.28 to 531.59 to 518.05, we get a target 540. Buy we have 200 yet to cross. Hence aiming for 532.5 to 535 first. For the day i will sell below 520. As said earlier. Day is still in uptrend. For me trend change in day only if 490-493 is broken.Longby RiderTrader7711
Weed or BTC?If you're bullish BTC, you should be even more bullish on weed stocks on a break of this descending wedge.Longby cc11
Could rally over $11 in 4 to 6 weeks IMHOReclassification is here - it's right around the corner. Overall, rescheduling ain't gonna do much. It will classify marijuana as a drug that has potential for abuse, while still being acknowledged for its medicinal benefits. The kicker though is the tax and banking implications. 1. Reclassifying cannabis to Schedule III will move it out of the purview of IRC Sec. 280E 2. In the states where marijuana is legal, these cannabis companies can deduct their ordinary business expenses for purposes of their state income tax. 3. All or most of MSOS's holdings will have a better tax advantage = more money in their pockets... 4. Although safebanking is still needed - I guarentee you that bank servicing of cannabis companies will move foward with reclassification 5. Compound this with lower interest rates in the next 6 months. Small cap rotation. 6. Last 4-5 buy signals outta 10 saw 30-50% gains 6. ONE HUGE CAVEAT = The elections and what direction Trump will go. Just some thoughts. Good luck ya'll Longby sonidofrankoUpdated 331
SMH tests major resistance lineSMH approaches major resistance line after flash crash a few days ago SMH rallies to major resistance line 20 RSI remains below 50 which is a bearish sign that the recent rally is running out shorter timeframes show a dramatic drop in volume during the rally which is another bearish indicator August and September are historically bad months for the stock market I am expecting SMH to test the resistance line, possibly breakthrough then pull back before continues selling. Not putting on any trades, waiting for confirmation.Shortby ratchet-mint552
DIAAfter liquidity was taken out at the purchase and a new asset high was reached, a short-term revaluation of the asset is expected following the bullish rally. This rally left behind a lot of unfilled liquidity and a fair value gap, which I have noted on the chart. However, I won't rush to open a short position since there is no precise entry point yet, and the MACD hasn't significantly heated up on the daily timeframe. Conversely, on the 4-hour local timeframe, it is very overheated, causing many to open short positions now, which will likely be closed by stop losses before the price moves in our desired direction. But these are just assumptions, as anything is possible in the market! In any case, I intend to open a short position via a limit order with an opening price around 403.00 - 405.00, and then I will add to the position from the order block that will hopefully form. It's important to note that my idea is not a call to open a trade but merely a recommendation. Remember to use only 5% of your deposit per trade and do not risk your entire capital on a single trade. I will keep you updated on the trade and provide further updates. Shortby TraderNo007_Updated 3
QQQ - Rolling Out 442 till TomorrowGoing ahead and rolling out my 442 short Call to tomorrow collecting another $1.80. Will see what we do tomorrow, but no harm in grabbing some more premium here. Buy to Close Aug8 442 C Sell to Open Aug9 442 C @ $1.80Shortby goldbug15
SPY to 487The lower trend line points to down. The Fibonacci retracement points to down. The RSI is about to go under 50 on the weekly. That's my prediction. But I'm a nobody. Shortby whitmojm2212
SPY/QQQ Plan Your Trade For 8-8 : Harami Means IndecisionThis update to my morning video was created to help you understand why a Harami pattern will likely prompt fairly large price rotation today. The Harami pattern is an indecision type of pattern. It suggests price is struggling to find direction and may attempt to test upper and lower boundaries. The purpose of the Harami pattern is to flush out weaker trading positions while, essentially, completing a minor Flag formation. The Harami pattern is an Inside Bar. By structure, this Inside Bar is a Flag setup (very short-term). The end of a Flag Formation means price will attempt to move into a new trending mode - or move back into a new Flag formation. Pay attention to how price constructs this Harami/Flag pattern today. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #goldLong08:10by BradMatheny4
QQQ - Options TradeSell to Open Aug8 442Call 2.81 one (1) contract. This contract expires today so I like the decay on the contract, especially with the market trading right at the POC. Shortby goldbug12
QQQ - Update - Not A Convincing OpenWell at least not horrible news on the unemployment front, but the market is not buying it. At this point the they come out with OK numbers and then are 11 for 12 in revising lower so the market is not buying the BS. Also the chances of recession are increasing here, don't need to go any further than looking around at all the discounts companies are offering. Twelve months ago there were no deals on trucks, now they are offering incentives. Same with Motorcycles, 1.99% financing was not an option, now its everywhere. Groceries are also coming down, look at meat prices, eggs, and dairy. Lower lower lower. With the exception of chicken thighs, they seem to be holding their own. Crappy because that is what I feed my dogs which are on raw diets ;(/. Anyways, layoffs are starting to trickle in with the likes of John Deere, Dell, Wells Fargo and other large companies. These are good paying jobs with benies and this will trickle into the service industry. I mean seriously, we went to breakfast the other day and it was $35 for the two of us. In short, I am not convinced and it looks like the market is not convinced this is a roaring economy. Also the rise in unemployment is starting to approach 5 and houses simply are not selling like hotcakes anymore. In our neighborhood in Florida, a house would be on for at most 3-5 days, not we have several that have been on 2-3 months. This is the domino effect, anyone that can buy, is simply looking at the numbers and thinking, hmmmmmm in six months I can get a lower rate. This feeds into a housing recession. We are one of those, we just sold our rental and we are looking to buy another. However in order to avoid taxes through a 1033 exchange, we have to buy here. So I may take a stab at selling some short term calls in the meantime. See where we are in a few and I will post the trade as I take them.Shortby goldbug1223
SPY ES short back on table In the event the two day low is taken out to the down side, that will stimulate me into action on taking a short. This may only have a small move but want to have runner at that point just in case. I have not seen acceptance of the higher prices. An amazing top 6 top 8 push this week, really impressive stuff. yet when the next and the rest of the top 50 going hard could not hold higher ground told me bulls for this move had to power. We will see if i can get triggered and get enough move to cover put decay. Yes will be controlling the loss on this one with options. I will take long trades and sure have been. just only posting about my short quest.Shortby alleytrader0
SPY/QQQ Plan Your Trade for 8-8 : A Volatile Harami PatternToday's SPY Cycle Pattern is a Harami/Inside. Because of the recent price volatility and the current price FLAG setup, I expect today's Harami pattern to include a fairly large high/low price range. That means we may see very solid price trending (up/down) throughout the day - whereas today's open/close range should stay within yesterday's open/close range. If you've been following my research, I expect the SPY to attempt to mount a fairly strong rally over the next 10+ days (possibly longer). After the recent bout of volatility (the Kamala-Crush), I believe the US markets will attempt to move into what I'm calling a Vortex Rally based on simple fundamentals. In order for this to happen, we need to see a few things happen: - the US dollar continues to strengthen - crude oil should continue to slide downward (possibly targeting $65) - IYT (TRAN) should stay somewhat muted into the end of this year - Gold/Silver should continue to move upward - Global markets should continue to struggle If this happens, it will strengthen my Vortex Rally expectations into 2025 and beyond. Remember, the SPY Cycle Patterns are not always 100% accurate. But they can provide a very clear context for expectations, and when used with other TA techniques and proper risk management - they can be incredibly helpful. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long20:29by BradMatheny442