$SPY is at another substantial level on the WEEKLY. Which is the .618 fib level (COVID lows). There's no SOLID volume wall below this point until close to the $340 PL. If we break this level, we'll likely lose it-to retest lows that have not been tested.
$SPY is about to take out the LOW and headed right for the $373 PL AMEX:SPY
$SPY erases losses and has turned green on the week. Looks like it wants the $386.6 PL on the daily. Big GDP data tomorrow should bring this back down, followed by Friday's PCE data.
as per latest option chain data these are level which can be tomorrow expiry support & resistances and strong support at 42500 it means market may be bullish tomorrow its my study please trade as per your analysis
NASDAQ:META is approaching bear gap area. The gap fill is the $119.50 PL, however, I don't think $SPY will allow it. $META should see the $110 PL by EOW.
$CVX with the 2-2-2u continuation on the daily approaching the 50EMA at the $173.50 PL,in route to the $174.92 PL NYSE:CVX
$NKE has taken out my first price target on the daily and headed towards the $102.92 PL, then towards the gap fill at the 99.58 PL NYSE:NKE
FDX Analysis: On Feb 16th Sep. 2022, FDX sold off massively to create a huge gap ranging from $164.36 to $201.93. Before beginning a move back to the upside to fill this gap, FDX first dropped to a major demand zone at $132.83 - $141.26 which was also in confluence with the monthly chart 200 MA/EMA. It then ranged between $147 - $160 from the beginning of October...
Tesla Monthly chart is ugly, next support is the $135 PL on the weekly, but looks like it wants the $130 PL, especially if $SPY takes out $380.
$TSLA is currently dumping in the AH session losing the $150 PL, if $SPY continues the downward momentum TESLA is headed towards the $135 PL
Looking at the CAR Avis Budget Group options chain, i would buy the $205 strike price Puts with 2022-11-4 expiration date for about $4.10 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
I personally think we gap down next week and $SPY takes out $374, next strong demand zone after that is the $369 PL Another scenario is we would retest the $389.63 PL, then get rejected then take out $374. AMEX:SPY antoinecureton.com
Last Quad Witching $SPY closed at $365 and gapped up to $371, but last QW was off a pivot at the bottom of the down trend. AMEX:SPY
$SPY rejected the top of the weekly downtrend yet again and played out to perfection, just about closing the bull gap down to the $380 price level. Looks like $374 is incoming next week. AMEX:SPY
$META needs to close above the 9EMA on the weekly to continue this momentum. We've handled the $SPY stress test without breaking market structure. This should take off next week after Quad Witching is over.
$META giving me vibes like it wants the $142.5 price level within the next month or so. Also bullish on the week.
Looking at the TCOM Trip(.)com Group options chain ahead of earnings , i would buy the $35 strike price Calls with 2023-1-20 expiration date for about $1.77 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
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