Good Evening, looking forward to Fed Chair Mr. Powell provide us with some clues on inflation. Multiple outcomes based on fed signals to the market - including, sell the news or, a surprise policy and extend the bull run, price action, namely volume and VIX will be the keys. TSLA bulls showed up with a couple days left before the split. At that point new charts...
with the market melting up and AAPL range bound - looking for consolation in the event of any market give back.
pinned right on this line in the sand.
see if it can turn the green channel Reverse GP into support
lose this will be looking for more downside.
I am a buyer for a bounce off the Yellow Lines in the event of consolidation. If we continue our ascent I will be top fishing the blue channel for short term puts plays if the price action provides a bear back test. If we break-out over the blue channel, a bull back-test will provide a nice level to play continuation.
Looks like it could be a pennant. Was a good strangle opp, looking for a backtest either way, Bull or bear
in the event of Tuesday consolidation
for a bear play would need to see a loss and back test of the .65
price continues to be extended over the monthly UBB. The price action has suggested that the 4/1 split has inspired additional bull action. My play continues to revolve around shorter term frames until this resolves.