SPY - Was bullish going into today due to 2-2 daily reversal. Obviously that prediction didnt go well, but we did trigger the 2-2 reversal on the weekly which was one of my goals for us for this week so I am pleased with that. We had an insanely bearish day today as well as a bearish close so I expect some more downside tomorrow at least in premarket or shortly after open. We are incredibly close to our weekly reversal target by the textbook 2-2 reversal standards, but I have a feeling this week could be the start of a shift in market trend to the downside. Going into tomorrow I am looking for either lower lows on the daily or an inside day to be created. I think we can almost expect a failed 2D tomorrow unless selling pressure continues, then we may have a repeat sell off day.
Watchlist:
KO - 3-1
W - 3-1
TSLA - 2-1
VZ - 50% rule
Main Watch:
W - Best setup out of the 4 on the list. 3-1 Could play out super well if we break to the upside, but downside has equal potential. Willing to play either.
Yesterday's Main Watch:
AA - Opened outside of broadening formation to the downside to create volatility expansion No entry to either side due to the gap so this one is an L
Watchlist Stats:
0/2 SPY predictions
0/2 Main Watch Plays
Personal Stats:
0/2 On the week
- NFE Swing opened red and I closed it before more red came. Entered super early on this and paid the price for it even though it was 10% of my full position it was still a loss
- Getting beat up with the swings this week
- Overall not too red as they have both been small losses. Looking to rebound with SPY the next couple days as we create tons of opportunities with this weekly reversal signal
Don't let red days and/or streaks keep you down. Analyze, study, learn, and move forward. Thats what I am doing this week in response to my red days this week. Best of luck tomorrow, lets turn things around
Watchlist:
KO - 3-1
W - 3-1
TSLA - 2-1
VZ - 50% rule
Main Watch:
W - Best setup out of the 4 on the list. 3-1 Could play out super well if we break to the upside, but downside has equal potential. Willing to play either.
Yesterday's Main Watch:
AA - Opened outside of broadening formation to the downside to create volatility expansion No entry to either side due to the gap so this one is an L
Watchlist Stats:
0/2 SPY predictions
0/2 Main Watch Plays
Personal Stats:
0/2 On the week
- NFE Swing opened red and I closed it before more red came. Entered super early on this and paid the price for it even though it was 10% of my full position it was still a loss
- Getting beat up with the swings this week
- Overall not too red as they have both been small losses. Looking to rebound with SPY the next couple days as we create tons of opportunities with this weekly reversal signal
Don't let red days and/or streaks keep you down. Analyze, study, learn, and move forward. Thats what I am doing this week in response to my red days this week. Best of luck tomorrow, lets turn things around