Notes: Green slow run up kinda day on SPY. Not any real crazy movement as anticipated. Expecting the same, if not worse, price action tomorrow leading up to FOMC at 2 PM Est. Gonna be watching my list below but will probably call it an early day after we hit that choppy lunch hour price action that we usually get on FOMC days. Trade safe. Dont play the news unless you can afford to gamble a bit.
Watchlist:
FRC- 3-1-1. Was on the list yesterday. Still looking strong. Calls above 140.88
META - 2U-2D-1 - Bearish pattern, but in an uptrend so this could represent a pullback before continuation. Calls above 149.88, puts below 147.52
SQ - 2U-2D-1- Same situation as META, but the monthly just finished playing out a 3-1-2. Expecting more upside soon with weekly FVG. Calls above 82.32, puts under 80.20
PEP - 2-1 daily, and 2-1-1 on weekly. Looking for upside as the weekly chart looks incredible for a reversal. Calls above 171.07
SMCI - 2-1 daily and 2-1-1 weekly. Downtrending daily leads me to hope for downside tomorrow. Still think the weekly could reverse though. Puts below 72.04
TWLO - 2-1 daily. Not my favorite setup ever but it has some room to fill still on a big daily gap. Calls above 60.26
Watchlist:
FRC- 3-1-1. Was on the list yesterday. Still looking strong. Calls above 140.88
META - 2U-2D-1 - Bearish pattern, but in an uptrend so this could represent a pullback before continuation. Calls above 149.88, puts below 147.52
SQ - 2U-2D-1- Same situation as META, but the monthly just finished playing out a 3-1-2. Expecting more upside soon with weekly FVG. Calls above 82.32, puts under 80.20
PEP - 2-1 daily, and 2-1-1 on weekly. Looking for upside as the weekly chart looks incredible for a reversal. Calls above 171.07
SMCI - 2-1 daily and 2-1-1 weekly. Downtrending daily leads me to hope for downside tomorrow. Still think the weekly could reverse though. Puts below 72.04
TWLO - 2-1 daily. Not my favorite setup ever but it has some room to fill still on a big daily gap. Calls above 60.26