Weekly support and resistance based on closeting candles for SPY Futures. Anchored VWAP is from May ‘21 Low. Thick red line is bearish pivot, thick green line is bullish pivot.
This chart provides nice downside and upside reversal ranges for $SPY using the anchored VWAP. I have a bearish bias heading into fed week so these will be my guidelines for shorts: Macro pivot: A hold over 440 Downside targets: 436.12, 431.77, 430.93, 426.69, 424.83, etc. Under the lows from today's session (Monday, 1/24), we hit a volume shelf through 414.7...
Took DASH 200 Calls for 8/20 off of a U/R setup on the daily and the tightening above the 20 MA (red line). Targets are indicated by the black lines with PT 1 and PT 2. Earnings are on August 12, 2021. Volume has been decreasing nicely on this topside consolidation. The weekly also paints a textbook cup and handle.
BTC has lost the 20 MA and historically retests the 100 MA whenever it does so. The 100 MA sits at 18.3k presently. Black arrows indicate the MA retests whereas the circles show the moment the 20 MA was lost.
Entred DASH 150 C 6/18/21 @ 5.00 today -- a lot of basing at this flag and tightening right at the POC on the volume profile. Reclaimed the short-term MAs and looking to make a recovery to the 150+ zone. Price targets are marked by the black lines and the SL is at the red line. Buyers and price action post the recent earnings report is a bullish sign to me!
After being beaten down during the Feb-Mar correction, TDOC is sitting more than 100 points below its ATH. It is awfully close to the neckline which happens to coincide with the 50 day SMA @ around 187. Also note the massive gap above the neckline indicated by the grey rectangle -- around 12 points. This looks to be a very rewarding long strategy and even a good...
Look what we have here, an OTC stock that....mines crypto? Must be crazy right? We have seen RIOT and MARA take off, but why does this look...stuck? Answer: Hidden Gem that is due for that cataclysmic lift off. OTC makes it hard to get in for all the retail traders to gobble up and leverage to all sorts of margin calls. On top of some dilution to pay for...
Disney is looking prime for a push back to highs with tailwinds of news flowing in. Park reopening's are a bright spot in the push back to a bit of pre-pandemic normalcy and looking optimistic with strong streaming numbers continuing to reinvent the mouse. Technically we see Disney holding a macro uptrend even through recent market chop and a nice hold of the 50...
CME_MINI:ES1! AMEX:SPY TVC:SPX SPY futures tested the trend and completing this reversal. Needs to continue pushing out of this triangle to breakout and smash that 400 mark.
Futures are hot and it seems the extended bull flag / descending channel is breaking right now. Note the 50 SMA retests that held the trend previously (indicated by the circle). If this buying momentum continues, the market can reverse pretty strong with a fundamental shift out of bigger growth names. A notable laggard on the day was $AMZN which closed extremely...