Yes! I expect us to break the recent low. Two major gap downs on 6/10 is VERY bearish. If you have two large gaps like that, it means we have a lot of selling pressure, which we're not done selling off, however, it might not happen within the next month as we need to continue our upside move first as I stated in my past posts. I would be cautious on going...
Pay close attention to the macro trend lines. Price action around these macro trend lines should tell you if trend reverses; it did not reverse today. I have the Cash in/Cash out report set to 10 days in this example. The indicator quiets market noise, today was noise. Give the indicator a like if it makes or saves you money. If the indicator gets 1,000 likes I...
PT1 and PT2 above 705 is possible entry for puts/exit for calls.
PT1 and PT2 below 705 is possible entry for calls/exit for puts.
Look at bullish/bearish divergence indicator.
RSI below 30 enter calls.
RSI above 70 enter puts.
$ROKU suffered a lot in the past few months after missing earnings and continues downtrend in the overall market. on this bearish market, its really hard to predict movement for bullish move. per #strat technical perspective; $ROKU is starting to gain more momentum after last week's slow and small rally.
Despite the small rally from last week, the seller ratio...
Wanted to get this posted for anyone who's got active trades open... particularly long positions.
$PCC above 1 is generally bearish, below 1 is generally bullish.... basically showing volume of Puts & Calls traded.
With Put trading spiking like this, extreme caution should be taken with tight stops.
We're seeing huge put volume that continues to test the trendline resistance based on my previous $SPY analysis and based on the timing of this post, we just saw a huge bump from that same trendline. $QQQ also went red today and is fighting intraday support. Stay cautious as we could still move upwards in the near term, but I fully expect us to trend lower within...
We recently saw a huge big green candle and then gapped down on Friday. Both of which retested the top of the wedge and failed to get over. That itself lends to bearish sentiment and is a bearish move in the making. While the green candles look bullish, the price action has yet to get back over the top of the wedge and until it does, the price emphasizes a bearish...
$AAPL is one of the largest holdings in the market and has been rejecting the strong $150 level. There's a head and shoulders intraday formation on the 15m. I love the short setup here and believe it to be optimal risk to reward. Make sure your risk is intact and be sure to set your stops if you do get into this for a weekly.
Watch for ZIM to close above the strong trendline it's been following since inception, otherwise implications are more downside.
Rejected twice now, expecting a move to more downside , first PT $48
I'm long JUN PUTS
I was very long ZIM but had to see once broke $70s and stop was triggered.
Closing the week red again. Bears seem to be in total control, charts breaking down across the board (less VIX/ Bear Funds of course)
SPX less than 3850 (-20%) funds go officially "Bear Market"
3700 Capitulation levels
Less than 3500 massive de leverage , margin-calls , and breakdown
We need one of those "bear market rallies" I keep hearing about ...
Whale opened 500 JAN 100 puts and upon checking, noticed this chart looks pretty bearish IMO.
I'm swinging JUN 100 puts tight stop as I'm looking for a quick flush now that support has been breached. Any squeeze up is a better entry to short IMO, this chart is pretty ugly.
Gap Fill below is target in the short term at 103.16
QCOM appears to be ready to pull a Wile E. Coyote and run off a cliff.
Not a good look.
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$SPY reached its new low for this year as the market extended its losing streak for this month after the fed decision last week meeting. One of the main factors of the sell-off was inflation and shortage of commodities due to back log and covid restrictions. in my personal opinion, i think $SPY will continue to make lower highs or lower lows. Any rips or bounce...
QQQ has been in a downtrend since the start of April along with SPY, BTC, US30. The market is clearly crashing, I believe QQQ will fall to $285 - $293 zone and create a small rally after. Im looking to pick up QQQ $288 Put Expiring 5/13, the current price of the contract is going for about $245-250. Once QQQ hits my zone I will then look to pick up some short term calls.