Keep it simple. I'm hunting the next sign of market weakness, hopefully around these levels 598-601, will look for strong downside move past 595 and will load a mix of 1/31s 2/21s and 3/21s Puts, strike TBD. A strong move down from this area would add to my Head N Shoulder Top Thesis. Stay tuned, stay PAYtient. - Prophecies
Is this break out real? Paytience Pays as noted with SMCI today... I do like the "somewhat" inverse head n shoulder base, but its definitely not NEAR as clean as the CVNA Post IPO Phase Base seen here; This can be a "sympathy" play ie; highly correlated movement, with $DJT... I like this look with the hype currently building... Great things take time... Don't...
NYSE:BAC with pretty clean H & S top... Not playing, doesn't fit my current narrative. But this is how Eye Spot them, catch that ;p - Prophecies_U_Can
Cup n Handle Breakout is confirmed well above neckline, if handle length is = to breakout length wizardman* is at right level (timing TBD, but Santa is supposed to be around then...) - Prophecies
Technical Analysis, Keep It Simple Head and shoulder top into the weekend. NASDAQ:AVGO stealing some of the pie? NASDAQ:NVDA hitting some #speedbumps? Next week puts could be worth the #squeeze. #TreadLightly it's still Nvidia, but I read patterns primarily. - Prophecies PS; Could have a similiar-ish "build" to the NASDAQ:TSLA #BreakOUT #Re-Test #Go0o0o ...
Emoji highlighting what similar setup brought... Markets are ready to end #WhiteBoySummer with a BANG... Climbing walls of worry, investors/traders making bank while proles protest in the streets ala June 2020 #Vibez #WeOutHere 9/20 220C at 12.00 now ... will scoop up contracts on "Stremf" as AlwaysTeste would say... PS: Keep an Eye on NYSE:GME in the...
CPI tomorrow, usually has been bullish tinder for the market, but perhaps new pres elect, new data? Regardless, the technicals have spoken! RISING WEDGE INTO CPI = BEARISH by the Book short term 600P for 12.11.2024 are high risk high reward play. -Prophecies PS: Probably gap back up by next week after market shake up/out...
On shoes are quickly rising in popularity due to delivering on what consumers need, comfort and in this day and age STABILITY lol. I personally find them stylish and I see a time coming where function > fashion rules... or at least seriously competes... I LOVE THIS $50 break and think it can run NYSE:ONON till Xmas/New Years ( $60 - $69.420 PT ) - Happy Thanksgiving
Ho Ho Hoes, are the TradingView Algo's n Mods. This chart has a delayed NASDAQ:TSLA vibe to it. Clear down trend resistance line, upside break with volume and you can "long this LOOONG TIME" (1/20/25) Don't ignore rejection possibility, but with the double bottom in the picture as well, bullish lean seems logical #shortterm - Possiblies
MSTR is a MONSTAR lately AAAANNNNDDDD a LOT of sketch occurred today. 7am; CEO says "We're gonna need a bigger ship" 930am: Price is Gapping up 10%+ AGAIN 930ish: Citadel Announces Short 403pm: CEO announces NASDAQ:MSTR Completes $3 Billion Offering of Convertible Senior Notes Due 2029 at 0% Coupon and 55% Conversion Premium PS: The SEC Chair announced he...
Millenials and GenZ will have something to give thanks for! Here's a breakdown of the pattern's characteristics: Three consecutive candles: The pattern is formed by three candles that appear one after the other. Long bodies: Each candle should have a long body, indicating strong buying pressure. Higher closes: Each candle should close higher than the previous...
This is the last shakeout before breakout. LOAD UP NASDAQ:MSTR CALLS for Thanksgiving! Keep it Simple!
5,000 Open Interest on this contract until this morning when we found a whale/institution buying up probably 10k 55C contracts for Jan 17... This is a HIGH RISK HIGH REWARD PLAY given the holdings in AMEX:ARKK , but something tells me it can get to MONKEY ie $69 , and some whale or some bank also believes the juice could be worth the squeeze on this former high...
Surprised no ones posted "grail" of a channel... Maybe the pro's dont want us sharing the "secrets" of the sauce... How to trade this channel for dummies; Buy the low end / bottom of the channel and Sell the High side / top of channel. Happy Thanksgiving! PS: NASDAQ:TSLA to 300+ "This IS SPARTA!!!"
Crystal ball telling me AMEX:SPY is gonna leave put buyer's stuck on an island in the coming weeks/months. Higher Lows + Higher Highs = Uptrend intact I always mention "Shakeout B4 Breakouts" AMEX:SPY wedge + Election = WallofWorry/Fear (Buy when...?) Tomorrow could be filled with more "fear" perhaps a vol spike, but I expect/hope for AMEX:SPY to hold...
Island Bottom Reversal This can run to $22-$24 fast imo "The North Face" - Few
At heart I am a technical trader, now "Head N Shoulders" is legitimate bottom pattern, but NASDAQ:TSLA appears to be adding another "layer" to the pattern potentially... I wouldn't think of shorting this... With all this momentum post earnings , 300+ can be done sooner than you'd think. I prefer long dated calls to get the most out of this "Base" , can play...
This is a nice setup , "shake n bake" on longterm trend line (red line) Bull flag with bullish engulfing formed on my favorite time frame ie; 3D gonna take a few 100C for tomorrow and 11/1... Thanks to all the new followers! - Prophecies