Options traders Congrats, Because of FOMC. Yes we see a Sweep, so Now after NFP im expecting price to goes down. Trade base on your own decissions. Come and check me out for more analysis
Shows the the last 5 wave up moves for comparison!
🖼 Daily Technical Picture 📈 ➤ ...almost but not yet. There are still some short-term resistance levels to surpass. However, the momentum is there. *After-hours sell-off as I write due to earning reports from Apple, Google etc. ➤ The Dow30 Bluechip stocks are really being left behind in this latter part of the rally. Or we could say the NASDAQ is just catching up...
The good ‘ol SPY Sad to see what miss placed hope can do. The “investor” aka the bag holder, continues to “hold”, “buy low”, and “average down” with hopes the market bottom out and the bull run will continue. Let’s review this chart and see how we got here. Just before COVID, SPY had reached all-time highs. Then Feb.’20 everything came crashing down. The...
Good times after the Fed yesterday! Now, we will see how things hold after $AAPL, $AMZN, and $GOOGL earnings. Either way, it was a strong push over the post-Opex zone which we have been discussing, here and on Bloomberg!
As you can see on this ratio chart, we had a breakout and backtest with weekly bull divergence, which likely means AAPL will gain less value - or lose more value to SPY in the coming weeks. Since I expect the market to fall from this area, I also expect AAPL to outperform to the downside for a while. Earnings could pump it first - and if so, I think AAPL would be...
Notes: Not a ton of action on the screener today as most stocks moved up 1-2% with SPY. SPY weekly breakout seems to be playing out really well with FOMC leaving a bullish feeling in the air. I still don't fully trust the bullish movement, but once again, we have to play what's in front of us and remove all personal bias from trading. Going into tomorrow I am...
✅SPY will keep growing Because the price is in the uptrend And recently broke the key level So we will be expecting Bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Still bullish mid term but will pull back to 390s by the middle of Feb before resuming uptrend to 430s in March/April
Protecting Your Trades With Fibonacci Price Theory. Learn to understand the BELTLINE range (50%) and why it is so important for structuring your trades for profit. Not all trades will be successful - plan for FAILURE. Planning for FAILURE = Long-Term SUCCESS. Follow my research. The rabbit-hole of knowledge I've amassed over the past 25+ years is deep. I...
Most ‘experts’ are declaring the gold cycle done I agree it’s at a possible reversal zone But given my analysis that the dollar has not bottomed And looking at the bigger picture for gold and miners This could be an opportunity to buy into strength This next 24 hours are key for gold and miners GRI 2023
Double bottom or follow this trend to the bottom? Could see a big bounce here or if we can’t break above this trend and fib line we may fall towards the bottom of this ascending trend line
UVXY HOD Something is cooking, tomorrow will be fun!
Place a horizontal line at 313.50 I added arrows so u could see the price action.. We pullback to support from here. I've been short since 310 305p 2/10 If we gap up it would most likely be an exhaustion gap Vix forming a hammer QQQ and spy now Outside of daily bbands 300 is my target
URA Shaping a Bearish Triangle. SL: $24.34 TP: $14 GOODLUCK!
Almost hit that fib to the TEE. .236 USING all time high level and 2020 low! Qqq also hit some important price action at around 313.50.
Broke clean through resistance trendline but QQQ never did. If you look at the price action , you'll see the only reason spy pullback at 413 was because QQQ Stopped at 303 (See link). Tech is in the driver seat here. IWM and QQQ are both overbought on 1 hour charts so if this opens in the green I expect a pullback.. My pullback targets are 407.64 and...
How do you know if you are in a bull market? The commonly accepted definition of a bull market is when stock prices rise by 20% after two declines of 20% each. Traders employ a variety of strategies, such as increased buy and hold and retracement, to profit off bull markets. The opposite of a bull market is a bear market, when prices trend downward. -...