Steversteves

Steversteves Updated 

Doing this early. Thresholds, targets, ARIMA all up in the chart for your reference. Everything is screaming super bearish and if we take a gander as some technical setups, its really quite bad. I didn't really see this forming until I took a look at the charts after close: Heikin Ashi: How we closed on the week puts a confirmed bearish reversal setup for...

Steversteves Updated 

Happy early new years everyone! Thought I would take the time to wrap up the year with next year's levels on SPY as well as some trading related resolutions. I am curious to hear if you have any! First of all, the levels. The levels have been updated as of today since we have closed off another year and the revised model is displayed in the chart. These are our...

Steversteves

A day ago, I released the " Leveraged Share Decay " indicator for those who trade or invest in leveraged shares. What the indicator does is it tracks the consistency of returns and the rate of decay of a leveraged share against its benchmark. Leveraged shares tend to be seen as "risky" and grouped into the "option-esque" category of trading. From my experience...

Steversteves

Last request, LYFT. Based on HA candles, it has not finished its short retracement yet: TP in yellow. Watch for the threshold break and pay attention to the HA target price as well, as it can act as support. Safe trades!

Steversteves

Another request. This one looks pretty bullish, HA candles and setup signal a continuation to the upside. Look for a hold of the bullish condition and a move to the high targets on this one here. Banking sector is pretty strong right now. Be weary though, if next week turns out to be bearish in the banking area, we have a confirmed bearish reversal / top on...

Steversteves

Per request, Levels for AFRM next week. Looking at the hourly HA chart, It does look like we can see a bit of upside movement into the next week. Some other things I am seeing that make me think we could see a slight move but overall the trend is down for AFRM in my opinion. However, AFRM is at the bottom of its monthly levels: Overall thought is a slight...

Steversteves

This has been my go to for day trades. Sharing the levels for next week. Safe trades!

Steversteves

Per request, here is IWM. My immediate TP for IWM is a move to 189, which is PL2 on the month. There is where I would look to get long: ARIMA has IWM as down-trending into next week and I concur with this assessment. 189 is also within the low range forecasted for next week. IWM has a similar setup to SPY on the weekly via Heikin Ashi: But we do have...

16:17

Steversteves

Sort of recap/sort of update thing on various stocks, some by request. Timestamps for your interest: 0:40: SPY 3:35: TLT 8:00: AMZN 10:40 MSFT 14:00 NVDA Thanks for watching and feel free to share your questions/comments below!

Steversteves Updated 

In my last idea on the Annual outlook for SPY, I indicated we would likely start the year off bearish, which has so far proved correct. The alternative was a continuation up to high targets, but generally when we open the year closer to the high targets, it usually leads to a sell. SPY has been slow to sell, but QQQ has been quick to sell. Most likely...

12:23

Steversteves

Relating to a question/comment I got, I thought I would go over how to import and use a Pinescript library. I use my own as examples here, just because I know them well, but the process is identical for pinescript libraries. Let me know if you have any questions and safe trades!

Steversteves Updated 

So, I usually do this in a video. I tried. I failed. Microphone problems. Etc. etc. etc. So I am just writing it out, because had I shared it when I originally intended, it probably would have been more helpful, since we bounced off of a key level recently. Above is the 3 month high/low range, superimposed with the 6 month low range/thresholds. You can see...

Steversteves Updated 

Hey everyone, Posting late. Xmas is a big thing for my close family and friends so it kind of consumed my time this weekend. Plus, being the one with the biggest house I always have to host everybody :-/. Anyway, hope you all had a great Christmas / Holiday and what not and are ready for the end-of-year shenanigans! So the levels and thresholds are in the...

12:40

Steversteves

Per request, someone asked to share my strategy and how / why I enter/exit trades. I decided to be specific and applicable to the current market sentiment and discuss how I trade “choppy markets”. My personal rules for trading choppy markets are: 1) No options, shares only 2) GTFI and GTFO ASAP 3) Only trade when there is a support or resistance respected...

Steversteves Updated 

In truth, I haven't traded SPY or ES1! for some weeks and haven't been tracking it too, too closely anymore. But here are the levels for next week. Based on the chart (heikin ashi), upside is the expectation; though, I do foresee it being painful at first, and then probably out of nowhere just going for some highs. Becuase you know, its over extended. We should...

09:29

Steversteves

Discussion on using the volume to identify a potential top and retracement level for SPY. My thoughts, not advice! Safe trades everyone!

Steversteves Updated 

AAPL is actually a short next week, imo, at least for pullback. It was pretty transparent on Friday, not participating in the rally and struggling to maintain the bullish condition. That said, I don't think it will spend the whole week bearish, but I do think we may snag those low targets at some point this upcoming week. If we look at the Heikin Ashi chart we...

Steversteves Updated 

RIVN levels in the chart. Personally bullish following the breakout but a re-test is possible: About 35% of accumulation rests just over 2 SDs (24.17) since the start of the pennant formation: And the volume accumulation also rests to the upside: Bullish overall, watch the conditions though as always. Expect a bit of resistance at 24.17.