If Shopify (US) closes above $68.5, my trade plan will be buying 75 call @ 2.4 or 80 call @ 1.45 20 September 2024
It seems CVNA has formed a giant cup and handle. In this case, the target can be around $90. WOW!
Gold prices surged by almost $100 last week, resulting in the formation of a large bullish candle. Given the current global situation and widespread concerns, it is highly likely that gold has initiated a bullish wave, which could potentially drive its prices above $2000 in the near future.
I am waiting for Oil to correct to around $84 to go long. This could be a very good opportunity for a $100+ oil.
This is a bullish scenario for SPX, 1-hour time frame. If it goes below 4430, this will be invalidated.
It seems there is a goof opportunity to go long on AMAT at this price.
NASDAQ is testing the bearish trendline and 200 MA. This is a critical point for it.
I think Nasdaq should test the 11000 level soon. It has tested the upper band of the channel and now should test the below support level.
KWEB shows strength compared to SPX. , considering the market structure, I expect KWEB to test the $50 level.
I think the next targets for Apple are 120 then 110 and then 100. There is a gap below 100 and the bottom and the channel around 90. That will be the bottom for Apple and the market.
Please see the chart. I think SPX is in the buy zone with a stop-loss below 3850. Target will be above 4200.
It seems OIL is making an ABC correction, right now it has almost completed wave B and it is getting ready to test $100.
It seems BILI started a fresh new bullish cycle. I think it is still in wave one of the main cycle. Above $30.35 this can test 35 to 43 range/area
I think QQQ will try to test 325-330 levels to fill the gap.
While I was looking at the charts, noticed that TTD is forming an inverse H&S.
The price action of SPX is very choppy these days but bearish. Since SPX has made lower lows these days we can expect the trend to remain bearish but some bounces to form an H&S.
Very clean price action and chart. I think it goes up.
#EA has formed a massive ascending wedge in the monthly chart. We can go long if it breaks the 150 level successfully. Targets are $200 and $220 Entry will be over $150 and the stop loss can be set at $130.