mommymiles

mommymiles Updated 

holding the recent low is key. Back above and hold the high of today will move me toward Tgt 1 & 2. Tgt 3... maybe. Looking for double top.... doesn't have to happen, but that's what I'm looking for. below 537, 531 possible target. Let's see what Aug is made of. PCE 7/26, EOM 7/31

mommymiles Updated 

Measured move into new ATHs in anticipation of NVDA earnings next week - end of month. Above the midpoint of channel (month). Week view.

mommymiles Updated 

Blue skies above the middle of channel (week chart).

mommymiles Updated 

My play on words... lol. I'm thinking with NVDA earnings next week we could go even higher. The last time SPY flew extra high was on NVDA earnings last quarter. Back to the chart, staying above the mid point of the channel is key. This weekly parallel channel provides the levels for the daily too.

mommymiles

S&P 500 4hr view said "Psych!" showing a strong rejection at 5260 again today. Everybody plays the fool sometimes. I don't want to be one this week, so I'll be watching to see if we struggle getting back above 5250-5255 soon. If we can't, looking for a break and hold below 5229 to target 5200 (where we had a major bounce last week). Short term bearish if we fail...

mommymiles Updated 

Scared to jump in! I will say that since Nov, it's been extremely important to recognize patterns and implement strategies to participate in this fast moving bull rally (tight HH & HL). This 2/9 week candle was pretty strong. I heard someone say once that when people missed a strong rally over thinking it (especially big money), we may see attempts to snatch at...

mommymiles Updated 

placed the fib on on pivot and run up. $7.30 ish area is a great buy zone per the fib tool. I'll give it a whirl. fintech is on one this year and i like it.

mommymiles Updated 

If we hold this gap area, I'm willing to bet that we might make it to $200. I just saw what NFLX is doing for earnings despite okay #s. Looking fwd to seeing what tomorrow brings. 0 *IWM = small caps (stockanalysis.com) **TSLA earnings after hours 1/24/24 - i remember when TSLA didn't participate in a rally post COVID. When ready to rip, it will rip!!!

mommymiles Updated 

Nice dragonfly doji day candle. I believe we will fill the gap tomorrow if we can hold 4730. The LL (lower low) today was major. However, the reversal was strong on the RSI on 5 min chart. So I'll be looking for a hold above 4730 and then another hold at 1/17 HOD (high of day) of 4745.

mommymiles Updated 

Month & Week have a current strong up trend. 231 is the hold line. Above 140 (142 esp), looking to head back to 252. Ultimately, I will be looking to get back to that 299 rejection area to break and hold.

mommymiles Updated 

The month, week, & Day charts are on a bullish run. 12/1 closed strong. Will we reach $42 next?

mommymiles Updated 

I have not charted Five in a very long time. I could be rich!!! Weekly candle strong close. Break and hold above 205... 210/215/220 targets. Earnings 8/31. Could se clear 220 before then? I'm watching. Have a great weeked.

mommymiles Updated 

Dare I say the immediate trend is down? Well we are getting lower highs and ever so slight lower lows. The last three days were slightly lower wicks each day. Since we can't break and hold 4500 and 4520 more specifically, we may be visiting the choppy area prior (a few small gaps there). It's Thursday, so I'm reviewing to see if we get a fake pop and drop again to...

mommymiles Updated 

I haven't charted in a while and think wanted to note that this pattern for myself. I like the set up will play the "harami" candle hold up to the upside and beyond. If it breaks and closes below the bearish print 7/27/23, I'll play it that way. Enjoy your weekend.

mommymiles Updated 

these notes are for me, but feel free to add tips if you have any. looks like VIX can chill out here to allow for a little rallying. i see a 1,2,3,4,5 wave on the day. will be watching it if it pops up. if it stays down here and wicks for 2+ days or doesn't drop, i'll play a couple of short term puts. if it pops up, i'll watch for wicks to play calls on the way...

02:28

mommymiles Updated 

I originally thought this was trading in a symmetrical triangle (month view). I discovered diamond patterns. It's making me go hmmmm... What do you think about this idea? Diamond Patterns signal a reversal: www.moneycontrol.com

mommymiles Updated 

my eyes see that AMC may be in a megaphone overall on the weekly. it's pushing hard this week at a support/resistance. if it can get above $20 and hold, i'm planning short term calls. learning to take what the market is giving me. what do you see. WHAT I LEARNED ABOUT MEGAPHONES: www.elearnmarkets.com

mommymiles

I think there is more downside despite this reversal. Made pattern adjustments and I see a megaphone. Rumors of war, Fed hikes, Guidance adjustments after earnings.... and so I'll be looking for puts on the way down to the descending line and calls toward the midpoint of the megaphone. If you have a chart, I would love to see what you see for comparison. Good luck...