When I'm working on a options play, I only am looking for a play that has minimal risk. For me AMD makes sense to short as close to the $111 level as possible and I think we are at a great place to place PUTS here. If we break $111.33 im out and cutting the loss. But if we pull back it will be a nice fall down.
Amd short coming together nicely, If it pops back up with the triangle support im looking to get in shorts as close to 111.33 as possible. Any break above that would invalidate my short, and I would cut my shorts and try again at 113 area. Entry for Short would be, Entry - 111.33 Stop Loss - 112.47 Target 1 - 104.30 Target 2 - 99.51 Target 3 - 89.81
The short case is building nicely on SPY for me. I am so ready to ride this thing down to 396. On our first lower high, strong gravestone doji on the daily followed up by a pretty strong red candle. Today deff felt like a shake out day before a change of character to me.
Earnings Play for LMT 1) Under all EMA's except the 200. 2) Approaching trend line with selling pressure 3) Lower High formed in most recent movement I would be short on this with caution of the 200ema Target of 473 for tomorrow based off point of control of volume profile
I love SOL, I hate that we clearly failed the 200 ema. I would love to grab some more SOL at the Point Of Control at 14.03. Remember winter doesn't last forever. The crypto market will recover but you still have to play it smart and buy in at logical points. We failed all emas pretty hard, and have nothing but selling pressure ahead. I see Sol going own to the ...
Still sticking to my plan we are now under the 20 EMA on the 4 hr, and showing some struggle at the Point of Control on the 4hr. Tomorrow we have some reports coming out at 9:45 that could defiantly give some volume to make the decision up or down. Need a few more boxes checked before I enter my 390's put but im itching to get those filled!
RSI looking pretty topped out on the daily. My money is on 396 all day everyday.
Idk mannnn, im sticking to my bear case but that feels like I'm on the wrong side. Ill say if we can break this 416 level ill be questioning my bear case for sure. Still preparing to take 400ish puts and ride it down to HELL. Just looking for conformation =)
Super cool indicator I found "Sacred Geometry by DGT". This indicator is only available for Crypto markets, but its super fun to see on your chart! Check it out if you are into that type of thing!
Death cross on the 45min chart on BTC. Defiantly supporting my Macro short idea. May the Geometry be in you Favor
Lets BURN BABY! Im looking for 403-396. Short is playing out nicely, Coming up on the 20EMA on the 2hr, and 4hr. Id love to see this pull back to 380's I just dont know if I have the patience to hold it that long.
Feels like a break down is going to occur. Big Caps are down, VIX is up +2%. Average in at the pumps seems to be the play today!
Looking for spy to touch the POC here $410.67 we have some support in volume starting at 411.33 we have to fight through. Lets see what the day brings. I'm short on this until $410.67 all news is pretty much out for the day, Looking for tesla to flip, and VIX to start pumping hard in this next hour AMEX:SPY
INTC will be a intresting one to watch! Incoming 20 ema / 200 ema showdown. The MACD , and RSI on the Daily are showing signs of exhaustion, however I trust the EMA's over those oscillators. Take a second and look back at the average price increase after the 20ema crosses the 200 on this stock. If you are a options trader this should be something to keep an...
Added BJ Key Levels to this NASDAQ:LYFT chart, along with 20/50/100/200 EMA's. 1) Above the 20 EMA 2) Breaking a respected down trend 3) Approaching the Point Of Control on the Daily time frame. I will be looking for a entry if price breaks above the next important EMA (50 in this case) with an increase of volume. If an entry is taken above the 50ema I...
Where do you go from here? Fib circles say we might get a nice curl up to the 16.00 range. I don't live in a area where ride sharing is a popular means of travel so I don't know what this company is doing right / wrong. Id like to dig into to LYFT and see if they are making any changes to increase use, and ultimately increasing the stock price. Love to colab...
Ive never traded this stock but on the smaller time frames (1hr) its looks to be having some potential downside to come. We have had a bearish cross on the 20/200 ema. Along with decreasing volume. We seem to be at the last decent volume shelf before it falls off. I hate to post bearish charts all day but Its just what im seeing. I don't like to fight the 20 day...
Ive added RSI to this, and it looks like its confirming the short idea even more. No one indicator should ever be used to make a decision, however when they all start to point in the same direction it might be time to listen. Stay safe friends!