TradingTacticsPro

TradingTacticsPro

Hey traders, I figured I'd share my ideas for swinging and day trading the SP500 over the next several days / weeks. I'm using the continues SP500 futures chart but this analysis should work on SPX and SPY as well with few (if any) differences. I'm going to do my best to make this post valuable even when this market structure is rendered broken by price action....

TradingTacticsPro

I'm looking at MES on multiple time frames and I believe the 2hr chart gives some outstanding detail and clarity on what has been going on in the markets as of late. Using the fixed range volume profile tool and studying consolidation periods we can see that the perception of value has clearly dropped through the end of August and into September. While I will...

TradingTacticsPro

SP:SPX Hello traders. Let's take a look at the S&P500 to see if the chart matches the sentiment over the last few days. In my opinion SPX isn't quite ready on higher time frames for serious bullishness. Others may disagree but when an objective method of trend analysis is applied to the weekly chart it becomes difficult to make a bullish argument. When two...

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TradingTacticsPro

On higher time frames it would appear that the SP500 futures are in a range. Due to that I'm looking at the extremes of the range as an overbought and oversold level and intend on fading the extremes if there is a trigger. Price could break out to the top or bottom side and it would be very interesting if that were to happen. I believe that to be unlikely given...

TradingTacticsPro

TSLA had a great earnings on 4/20/22. They beat expectations and bulls rejoiced, sending prices soaring in afterhours. No one expected the slaughter that would come 4/21/22. TSLA immediately began crashing and finished the day erasing most of the gains from pre-earnings. IV was crushed, share prices were left in tatters, and everyone started in horror as the...

TradingTacticsPro

SPY is probably the most watched ticker on the planet for good reason. The world's most powerful companies are used as a benchmark of entire economies. The SP500 is somewhat of a weathervane for everything finance. Many are wondering where is the SPY going. All time highs or into a prolonged downtrend. We are used to SPY making new highs every day and we've...

TradingTacticsPro

I'm liking how PANW looks for tomorrow. It solidly broke out of a long range earlier today and could have some firepower going into the day tomorrow. This could be great for day trading. Swingers might want to wait for a retest of support to enter, but that all depends on risk tolerance and overall strategies for each individual trader. In other words,...

TradingTacticsPro

The defense giant is about as bullish as it gets right now. RSI is just right, price action is exciting and nearly vertical, and it's approaching all time highs. It's a good time to be an investor and a scary time if you're thinking about entering. What about day trading? Yes please. There's a good chance that LMT will at least try to test the all time high...

TradingTacticsPro

UPST is looking good. It's very, very close to breakout out of a range and offers a great potential to the upside, as noted by the price callouts. There really isn't anything of particular concern that I can mention except that it is very near obvious horizontal resistance and momentum is slightly down according to the MACD. Otherwise it's a potential...

TradingTacticsPro

It's difficult to say which way the share prices of the EV giant will be heading in the short or long term. Volatility is insane, trading it is difficult, and the short term trend is down. Additionally, TSLA is below it's 200 day EMA which is a potential indicator for falling prices. But this is TSLA. And TSLA doesn't like to lose value. A pitchfork anchored...

TradingTacticsPro

The daily chart from the Covid crash to the peak of the Covid recovery paints a picture of the Russell 2000 that is eerily similar to a textbook sketch of Wyckoff's distribution theory. For the bulk of 2021 IWM respected a very clear support line that has been crashed through in 2022. Recent price action shows that old support being tested as a new resistance...

TradingTacticsPro

Tesla has moved into an extremely volatile range where bulls have managed to double tap the top of the range twice, failing to break out each time. This is a sign of weakness that I believe should be taken into consideration for long term TSLA strategies. The Andrew's Pitchfork is anchored at an abstract point to avoid the gap-up fractals that are seen on the...