AdvancedPlays

AdvancedPlays

Here's a one month chart for SPX. We have a giant megaphone that started at a peak near the beginning of 1973 and the bottom in 1974. This will obviously take a while to play out, but I truly believe the black swan event and major crash I've been warning about will happen very soon. 2025 will be the beginning of a time of great tribulations for all of us on Earth,...

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Similar to SPY as you would expect, nice move up off of that lower trendline, would be looking pretty bullish if it can breakout here. Choppy waters for now, but should be a good move when it breaks. I'm leaning bullish but not if we break down below the wedge.

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I actually have not traded PLTR much during its recent bull run like I should have, but I think this actually looks pretty good for a short opportunity. Fairly clean megaphone here which is not what you want to see up here near ATH. It's holding horizontal support and the lower end of the megaphone for now. Watching for a break below for a short on a retest or...

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Here's a shorter term chart and some potential paths for tomorrow. Nice little falling wedge/triangle. A break above should lead to a move back up to $591.30 and $595-$596 and maybe even up to the $600-$601 area. Downside targets would be $585 and the election gap fill. I'd consider it bullish above $591 and $596. Bearish below $585.

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Silver broke below its 10 month uptrend recently after a somewhat questionable H&S. Either way, bearish look if it can't reclaim. I would consider this a major area, will be looking for short entries on the retest. If it breaks back above, there's also another potential short entry slightly above on the test of the neck line. If it reclaims both trendlines, this...

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It looked like MSTR might go all the way down to fill the gap near $270, but not quite. Strong recovery and a reclaim of $371. Will be looking to open some longer term puts on this if it goes up for a test of the trendline above that started in November. Looks like a good setup and there would be tight risk on the entry if it hits, not gonna stick around on this...

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This was a stock that I missed out on in 2021/2022, it was a very obvious short and I didn't take it. Fell from $375 all the way down to $5. Now it is giving us all another chance, many reasons to be short on this stock, but the latest Hindenburg report makes it even better. Watching for it to break below its channel, ideally it would come back for a retest for...

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I had been watching this when it had a nice breakout up to the $100 area, but it weakened quite a bit as the market sold off and gave up $94. However, now we have another descending channel breakout that looks better than the last one that was shorter term. Looking for it to reclaim $94 for a long confirmation, first target is up to the recent high near $100.

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BTC was able to hold the $93k area last week after a trend break, but so far has rejected supply. Small rejection so far, looking for this to break and hold on a retest or just move back up towards ATH and the trendline above. $94k - $91k will be important for bulls to hold, next target would be $85k if it breaks below.

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VX tried to breakout recently, but just couldn't do it. Looks like a triple top at 18.50 and we also have an uptrend break to the downside. Watching for another move down to the 16-15.80 area, that will be critical. If it can reclaim the uptrend, upside target is still 18.50 until it breaks. Pretty large range from 18.50 - 15.80 as volatility has picked up so...

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Big time fakeout for NVDA recently after a failed head and shoulders and move below $131.50. Pretty dirty for bears, this type of action usually leads to a hard reversal in the other direction which is what we've seen so far after it finally decided to move. Upside targets are the trendline above and ATH. Not really interested in taking a short on it if it falls,...

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I have not been very interested in MSFT for the past several months, but it's coming into a major area so there could be a big move soon. It has been somewhat weak compared to the rest of the mag 7 and has a major support from the November 2023 uptrend. Looks kind of bearish to me right now after having that failed breakout that almost retraced the entire move...

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Clean looking bull flag here on AMZN. An upside break should lead to a move back up to ATH, which may also present a long opportunity if it breaks and holds on a retest. Flag pole target is up near $265. Longer term downside target is around $195 if it turns bearish.

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AAPL flushed last week after breaking below its uptrend since April. It's a pretty bearish look, but I would expect a bounce if it retests the previous ATH around $237. Upside targets are the gap fill above, trendline above, and/or ATH. If it doesn't hold, first downside targets are $230 and $216.

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I had been watching SNOW for a long but it failed to hold up and is now in the big earnings gap where there's not much structure. I think the ideal short entry would be on a retest of $161 targeting $145. I wouldn't be interested in puts above $161 but I think it has good potential to move down to $145 and then fill the gap from November.

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I think AMD still looks bearish on the longer time frames, but for now on the 15m it looks like a potential bottom with an inverse H&S. First upside target is $127.65 and it might go all the back up to retest the major trendline above. Would be bearish if it falls back below the shoulders/neck line with a target area of $118-$120.

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I'm seeing some mixed signals on TSLA, lots of consolidation recently around the previous ATH so expecting a move soon. On one hand we have a megaphone/uptrend break to the downside that started about one month ago. On the other hand we have a pretty nice looking bull flag. I would say its bullish above the previous ATH and bearish below, but would not be super...

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The mag 7 bounced at 2,225 once again while SPY hit $585 this morning so that was pretty good. It may be headed back to the top of the range from here, but the best move will come if it breaks below 2,225 or reclaims 2,300. Rangebound for now, but will be very important for bulls to watch if it tries 2,225 again and breaks. Seems fine otherwise, but also has a...