stevenplace

stevenplace

Looking for 84.50 level to potentially hold. Currently tested and held 20EMA, would not be shocked if we get one more push lower. Option flows may be a good trigger to watch on this name. Still plenty of inventory from Spring 2024 range 92-100

stevenplace

22 hold would be a good remount. Swing AVWAP against recent highs are holding the stock. 22 gets a 24 push, then pullback to 22 and ideally get a catalyst

stevenplace

Clear pivot zone at 412, it's found sellers multiple times, and the attempted pierces above it have been aggressively sold off The stock held above it for about a day, then a nasty gap lower to retest VWAP The longer the stock stays under this, the more volume that's built out and the higher the odds we see a strong rollover put calendars weapon of choice

stevenplace

former momo high flyer absolutely crushed. Parabolic selloff ended in Q4, decent bounce and now an adam+eve bottom or cup and handle, whatever you want to call it some option flow to support an upside idea for a trade

stevenplace

cheesy poppers down at chili's? i'm in, if we get a 2 for 1 special on marggggs

stevenplace

lot of inventory going to show up as we come into that if demand can get through it, next big level is 382, prior pivot support and key lvn

stevenplace

yes, before you go nuts about how many lines i have on there, just relax focus on two things. the first is the swing AVWAP from the september highs, which lined up nicely with resistance so far seeing a pullback, but quality levels already tagged with potential for push to swing AVWAP against recent lows. If downside followthrough subsides, then look for a push...

stevenplace

swing avwap from the tech wreck 2018 lows had key price interactions through 2019, and a several tests in 2020 can't believe that was the level to hold

stevenplace

names like this got crushed over past two months if you own this ETF, or underlying components, and you had a massive drawdown where do you start unloading inventory? because that's a good place to short.

stevenplace

either this sucker breaks and holds 25 half or i look like an idiot on this dumb name for the 3rd time

stevenplace

shows the total "market cap" for tether, with pretty significant outflows don't want to be a FUDder, but this story has been percolating for years now

stevenplace

we'll find some support somewhere lmaooooo if you want to play this with limited risk, consider upside call flys

stevenplace

RTY looks like absolute dicks here prior multi-month support keeps acting as resistance, and the VWAP from ATH is coming into play this is a "prove it" kinda market for the bulls

stevenplace

maybe this really is transitory lmaoooo front month - next month, higher than gulf war 1 price shock notice during big oil bull run in 2007, we didn't see this extreme backwardation market currently pricing this in as "transitory"

stevenplace

lotta folks (myself included) thinking about how sticky these commodities will play out is this time different or are we going to pull a 2008

stevenplace

IPO 20, move above 300, trading at 85 so many like this when was the last time we had a stealth bear market? where risk got pulled while the indices were trading near ATHs?

stevenplace

Watch this USDT/USDC pair to see if price action surrounding the evergrande default starts to become a thing.

stevenplace

been some FUD for a while about tether backing having CP in evergrande we're going to find out very soon if that's a thing. will be watching this chart, along with USDT market cap to see if there are any systemic risks due to this.