I'm putting on an iron condor trade due to fading trend sideways movement may lead to a lower price.
SPY is sinking slowly due to trade tensions.
310/315/375/380 EXP June 21 145/355 Profit/Loss
Max profit I want to take out of this trade is $80 and max loss is $160 as per guidelines drawn.
This is a journal entry and not trading advice.
NFLX has made a Triple Bottom this week on 1D (RSI = 45.541). This calls for an immediate test of the 385 Resistance which is our short term TP.
There is however an interesting development on 1W as well. This Triple Bottom may provide the base for Netflix's new Bull Cycle as in mid March a Golden Cross took place (1DMA50 crossing above 1DMA200) and the price has...
Stock investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: Falling section of high risk & low profit
Supply-Demand(S&D) strength linkage Trend Analysis: In the midst of a downward trend of strong downward momentum stock price flow marked by temporary rises and strong falls.
NFLX is approaching our first resistance where we might see a drop below this level to our first support level. Stochastic is also approaching resistance where we might see a corresponding drop below this level to our first support level.
SPX500, XRPUSD, BA, BKNG, AMZN, TSLA CRM, AAPL, FB, NVDA, NFLX, SHOP, BABA, MU, SPY
ALL OF MY TRADE IDEAS ARE BASED ON PURE TECHNICAL ANALYSIS, AND SHOULD NOT BE TREATED AS FINANCIAL ADVICE. THESE ARE JUST IDEAS! PRICE ACTION CHANGES WITH A LOT OF DIFFERENT FACTORS. SO DO NOT INVEST SOLELY BASED ON MY ANALYSIS WITHOUT A PROPER RISK MANAGEMENT STRATEGY. ELSE, YOU...
Shorting Netflix due to the uncertainty in the market due to SPY sell off. Netflix is overall a great company however it is very closely effected by the SPY much like last october a sell off lead Netflix down to the bottom and consequently is also uplifted the stock due to its latent rise. Of course earnings also were a catalyst.
My Move is more near-term which...