We are in the channel now confirmed rejection off the top of the channel. Within the same channel there is an uptrend that was just broken. Here are some things to watch - The first thing i'm looking for Monday is a gap fill up to 388.92 and then maybe a retest to 392 lvls - After we pullback I will be ready to get back short with those 9/30 puts or might even...
The main things to look for next week - We need to see how we end up closing this next week - SPY looking to break the trendline to the downside or the upside but there is an expected big move coming soon either to the upside or downside - **THE BEST THING TO DO IS HOLD CASH AND WAIT** for the breakout to the up or the downside bc we are smack in the middle of...
WE HAVE MADE A LOT OF GOOD RETURNS SO FAR FROM MY LAST IDEAS... Here's what I'm looking for next: - I am looking for a bounce or break here around 389.95 ---> If we bounce I go short term calls but if we break I go long term puts - Below 389.95 we can reach 380.54 which is a big move -Below current support there is a lot of range so it is a low risk trade. Key...
Going for the gap fill just looking for confirmation of a close into the gap LOOKING AT 170 Puts - We need to close below that blue support line - Better confirmation on bigger time frames - looking for a pullback if not then a straight rip to the downside
First things first we are currently in a downtrend stuck in this channel... a few things can happen before we get into it here's somethings to take note of: - We have rejected off the weekly ichimoku cloud with a fat red candle on the weekly chart - We have rejected off the top trendline pretty clearly - Monthly candle about to close in 9 days and its looking...
AS YOU may have seen on my last post WE SNIPED the rejection off the top of the channel AND now we have confirmation... 1) Don't be mad or sad you missed that move NO FOMO that one move happened in one day 2) what you should be looking for is an opportunity to get back in in one of 2 ways -A pullback to at least half of the previous candle -A small...
BELOW 162.62 is a good opportunity to go short on BA for some big % puts. you can scalp the GAP or you can wait for a move to break below the gap and play it to the next support line.
Here we can make an easy play and wait to see a continuation in the downtrend to SWING some big gainer puts or we can be quickly in and out.
PEP is approaching ALLTIME HIGHS pepsi and ko are my top recession proof stocks as they might take a little bit of a hit but overall their hits aren't as bad. VERY FAST growing company calls for the breakout look cheesy here
Here you can look for rejections or resistance breaks they are key lvls to play... I am looking to get into calls monday to play the move to 192 supplu zone
GAMEPLAN- We are going to wait and see as we have rejected off the BLUE line which is considered resistance and we are looking to break above it. What I would love to see is a pullback then a break to the upside and then enter on the next pullback to support! confusing ik... but think about it this way when you stretch a rubber band (pullback) it shoots higher...
What we need to watch the $318.44 / $321.24 resistance number one if we can break above then we are going for 340 lvls. Watch for pullback to support lvls for entries on calls
- Keep close watch on this channel BREAK or rejection - We are also at a zone where we can break or reject - Last weeks movement might give us a push higher but RSI will pullback on the daily - Keep an eye for a break of the CHANNEL and the ZONE (purple zone) -ALSO keep in mind that we are testing the cloud! which is usually a very important place for price to...
IF we can bounce off 855.56 then CALLS IF we can break below 855.56 the PUTS
WE ARE IN GOOD PROFITS LOOKING TO SELL and RE enter very soon!
WE HAVE Basically already closed above resistance here WE NEED 1-2 candles on the daily above this lvl to ensure that this isn't just a fakout! There is a lot of range above resistance that we can play with
- Looking for the break above 310.51 then will look to scale into calls... - 318 will be the first target - If we can get above 318 we have a long way to keep on going
- Looking for a rejection off 417.44 if not then a rejection off the channel around 433 432 lvls -We need a clear rejection preferably 1-2 weekly candles OR 2-3 Daily candles confirming the rejection - If we break above both lvls then we have possibilities of a bear market reversal