


#SPX - Big drop on futures to openup the week, Opened below our 3817 level and never could reclaim it. We hit our 3790 and 3756 Targets below. Possible to see a pull back bounce here before seeing more downside. If we close near the lows it is very possible to see 3700 before FOMC on Wednesday. Stay "PAY"tient and wait for the best set ups to come to...
#AMZN - Amazon failed to hold the 115 level Friday and sold off to 109. Amazon can continue to fall until with see some upside in the Markets. Below 109 we can see a continue move to the downside towards 100.00. This will be a bigger psychological level for Amazon. #psycological_level #watchlist #amazon
#SPX - After seeing over a week of consolidation we finally broke out to the downside. Selling continuation fueled by bad CPI Data on Friday saw us quickly drop back to our 3900 Target. For this week if we can not hold above 3900 we can see continued downside. Under 3900 we should see 3877, 3853, 3817 areas next before a 3800 test. We will have Feds this week as...
#NVDA - Tech has started selling off after last week's CPI report. NVDA below 167 can see 165, 163, 160 next. I wouldn't consider calls here until back above 176. #Chartanalysis #Watchlist
#BABA - China back showing relative strength. If BABA can clear 114.82 level it should see 120.10,124.11 next. Best case scenario is for BABA fill lower gap towards 103 giving better entry to long side. Puts can work below 103. #TradeIdeas #Watchlist #TechnicalAnalysis
I don't trade Bitcoin or Crypto but this chart was too good to surpass. I though a Bottom might be at $32,930.00 a while back. Looks like we hit $32,855.00 this week. Could this be a set up to the reversal the crypto community needs? The charts will tell us!
Just an insane day in the Markets, As we knew.. we did not hold short. What did we know, we look for a reversal. We hit our outside quarter target and fell a bit more towards our 420 level before ripping almost 20 points into the close. Is this the bottom? It does NOT MATTER. We trade what we see, each day is a new day. This market can fall just as quick. We add...
SPY hit our Outside Month target this week and has yet to gain momentum to the upside. If bears can continue here we can drop to 427 next. We are nearing seller exhaustion and the broadening formation. For this week it can get choppy if we don’t break below 435. Id be looking for a sign of reversals around these level for a pullback before another dip down. Calls...
Tech led the way down on the market pullback last weak. Every rip was being shorted. If QQQ can hold 350 this week we can start to see a bottom form. Calls will be easier once we can close above 363. If QQQ fails to hold 350 this week we can see another 10 point drop.
SPY hit our Outside Month Target today at 448.91. Nice run on the drop here. Harder to enter puts now until we see a break below the broadening range. Can still push further down a bit. Almost time to look for a long reversal to get in on a pullback.
Saw 4560 after never gaining any upside momentum. We had a target below of 4532.45 and hit 4530.20. Not too bad here. Going to have to look for a pullback to the upside soon before another leg down if we get one. still intact for outside month target here of 4495.10. 4500 as always is a Big Psychological level. Lets see what happens here.
Failed at 375 early this week, Hit our 2nd target at 366.82 today. Still seeing 360.00 at bottom if trend continues. Have to wait for the charts to tell us otherwise. Going to present some good opportunities in the next week or so.
Bit choppy early but we broke bearish keeping trend. Our target was 451.14 and we hit 451.12 AH's so far. Not a bad move down. Still looking towards the 448.91 mark for outside month and back on bottom of broadening range. Follow the trend until the end.
Hit our target zone today as spy continued to drop. Nice bounce from here but not much follow through. We have retraced back through 50% of last month's candle. This usually means we can print an outside month. This Puts SPY target at $448.92.
QQQ was able to hold a higher low as well holding above 375 before bouncing to 380.00 on Friday. As long as we can hold above this level we should see another push up in tech back towards 400. Calls can work above 385. If QQQ fails to hold 375 this week its possible to see another drop towards 360.00.
Indecision week on SPY as markets digested econ data. As we stated last week, we were able to hold a higher low on Friday at 460 before seeing a $4+ move into the close. For this week Id look for SPY to break above 470.00 and hold before seeing a move up. Calls can work above 470 for quicker trades. It will be easier to run calls once SPY can close above 473.20....
SPX fell through and hit 4600 target. If we can get some momo here we can see a drop to 4560. Bears have full control.
#GS Banks been strong running off interest rate news from Feds. Saw a cool off mid week and sideways action ending friday. GS best level for calls is 400. This has been a trade over and over here. 405, 412 targets on calls. Puts can work below 389 but keep in mind 386 is a strong support as well. Id wait to close below this level before going short here.