For this week's watchlist I'm going with
-SPY/SPX- We broke to 200 EMA on Friday and we're at the bottom of the support zone. Monday is going to be a big deciding factor for the rest of the week. If we break the support zone then I see this thing dropping hard. If by the grace of God we can stay in that Green Zone on Monday then there's a chance for a bounce. Another thing that stands out is the MACD starting to transition from red to green here on the daily which is no bueno for bulls.
-AAPL- We're sitting right at the 200 EMA and there's a chance we can get support here. Also we're sitting at a crucial trendline which dates bake to March 2023. If we break that trendline though then its GG.
-AMZN- In the last 3 weeks AMZN has found support here at 125ish. This will be the 3rd touch of this trendline. It's imperative that we keep an eye out for a clean break below 125 this week.
-NVDA- There's a very clear head and shoulder here that look like its done forming and ready to drop. If it does drop as I think we can fill this gap at $318.28 within the next 2 weeks.
Don't be too quick to jump in these trades because you can get faked out around these crucial levels. If you want to trade with me, per usual I will post my trades after the first hour of Market open if there are nice set ups. If I dont see an clear set up then I won't trade. If you would like to add some Input feel free up. Lastly Always do your own DD before trading, this here is only my perspective. Good Luck this week 👑
-SPY/SPX- We broke to 200 EMA on Friday and we're at the bottom of the support zone. Monday is going to be a big deciding factor for the rest of the week. If we break the support zone then I see this thing dropping hard. If by the grace of God we can stay in that Green Zone on Monday then there's a chance for a bounce. Another thing that stands out is the MACD starting to transition from red to green here on the daily which is no bueno for bulls.
-AAPL- We're sitting right at the 200 EMA and there's a chance we can get support here. Also we're sitting at a crucial trendline which dates bake to March 2023. If we break that trendline though then its GG.
-AMZN- In the last 3 weeks AMZN has found support here at 125ish. This will be the 3rd touch of this trendline. It's imperative that we keep an eye out for a clean break below 125 this week.
-NVDA- There's a very clear head and shoulder here that look like its done forming and ready to drop. If it does drop as I think we can fill this gap at $318.28 within the next 2 weeks.
Don't be too quick to jump in these trades because you can get faked out around these crucial levels. If you want to trade with me, per usual I will post my trades after the first hour of Market open if there are nice set ups. If I dont see an clear set up then I won't trade. If you would like to add some Input feel free up. Lastly Always do your own DD before trading, this here is only my perspective. Good Luck this week 👑