14Oct 2023
Support at 102 for AMD
Currently at the top of FVG
Worst case scenario is amd 83-85 dollars
Bounced at 0.65 retracement
currently at 0.5 retracement.
Sold a 100 put 3 weeks out 3rd Nov 23
Made a mistake. went in too early, need more patience. Support is at 102
Testing a new method to determine levels.
Looking at the chart, looks like its up for a bit before down.
Wonder if its a wave 3 up or completing a wave C before crashing down to the current lows and below.
Here is the apple chart, probably bounce to 138 supply zone then down the chimney we go to 122.
If it breaks through 115 hard wow, its gonna be a crazy ride down.
Will update when that happens. Stay safe
Amzn is dead, Long Live AMZN.
AMZN
went to retest 3200 range then failed to claim, went to test if it could break down at 2700 range, buyers stepped in because that was a fresh zone so it bounced hard to test yellow line to see if it could break out, now going back to test the buy area in white again, the lower area is fresh so high chance it will bounce a bit...
Ok so i have an idea for a SPY play and it looks scary.
For those with longs, good luck
Spy breakdown last week showed weakness and it looks like it will retrace to 434 before it does something again.
I expect it to drop to 415, if that cant hold, its going to 407 then 403.
407 is a critical zone, without it, it is most likely to go to 390.
Pending news,...
Short Nvda
1) Pending Recession
2) Reopeing less gaming?
3) Bitcoin not as hot
4) No suppy
5) Data centres reduction due to reopening
Using pure S&R and Vol Profile
Elliot wave sees wave 5 going to wave 4 minimum
