Target $458 (50% Retracement) If fails $444 (38.2%) & breaks $435 we're going back to $425 or below. FOR 1/25/2022
The gray lines on chart mark a channel. Price should move to bottom of channel, and then we see if it breaks lower or moves up. On RSI you can see two failed tests at 50, and looks bearish for now. I bought 18Feb 290 puts.
In my previous chart (linked) I gave notice of IWM breaking down from its range. The upper gray line marks the lowest close of the sideways range, and the lower line marks the dip last January. There is a lot of air underneath. I took profits on the dip to 205 yesterday. Today I bought 18Feb puts again at the 208-209 resistance. Now looking at 198 break, then...
$PTON Support 36.84 Resistance 30.25 Consider calls above 36.84 or late at 40.80 Consider Puts below 32.16 Lots of activity on the 40/50/60 calls in February >50k, OTM only, <30 DTE = bullish flow
Looking at NKE and seeing all kinds of bearish signs for the short term. It is currently under its 200MA and 50 MA, also below the 12 and 26 EMA (DAILY CHART) Bearish case (short term) This one is simple: A break below $144 could give sellers the chance to fill the gap created back on June 24th 2021 Below $144 I can see $138 being a real possibility if not...
Many times this indicator has signaled exceptional buying opportunities. However, a cross below can bring much pain to those unaware. Is the market ready to finally roll over or are we going to see the FED back off? In my opinion, the latter is extremely unlikely. AMEX:SPY
This is another day trade made in context of the daily chart I posted recently (linked). TSLA daily chart is neutral but the markets are bearish, and so are the 5 and 30 minute TSLA charts, shown here. On the 30m chart, the 20MA is under the 50MA and 200MA. Red markers shows RSI and Stochastic gave bearish warnings and there resistance is around 1060 on both...
This is an update to my previous chart, linked here.
When the $DJI was up 200pts this afternoon, I was skeptical it could stay that high so I started looking at DIA. I also have a bearish bias right now on the markets. I prefer options on DIA vs SPY because SPY options are wilder and more volatile. People using gamma and delta strategies make it harder for "simple" long option traders like me. I only trade this...
This is as good as it gets when it comes to a high probability trade setup with low risk. FB is one of my "basket stocks" that I watch regularly for good option trades. Using the daily and 30min charts, there was strong reason to buy puts today. This was a nice day trade if you use the 30m chart (with 5m) and take profits as price comes down from 334 to lower...
High price near open was right at 20sma. So puts bought near 219 will have close stops. Suggestions are 219.21, 219.39, and 219.51. I am using 21Jan and 18Feb expiry dates.
From the looks of it Coinbase may be getting ready to make a reciprocal ABCD movement downward as it's threatening to break through the B level and beginning to enter a CD leg that would take us down to the 1.414 Fibonacci Extension. In an effort to trade this movement I will be buying 7 of the (18 FEB 22 $200 PUTS) that are currently trading at a premium of...
I have mentioned SPY trades. I don't analyze future ,I play accordingly. I can play both sides but just letting you know I see a lot of resistances on the the up side. If you are in a call exit where I have mentioned and If your a Bear tomorrow exit at PT 1. I am still bearish as a lot of resistances on upside and a lot of reward for bears. Do your DD. "A quality...
$FCEL Support 4.98 Resistance 5.92 Consider Calls above 6 Consider puts below 4.83 >50k prem, OTM only, <30 DTE = slightly bearish overall - no recent large whale purchases to indicate direction to me(yet)
$F Support 24.06 Resistance 24.95 Consider Calls above 24.95 Consider Puts below 23.66 After 2 months of consolidation between 19-21 Ford has recently broke out to levels not seen for 20 years. Can't find a bad article on $F right now. Although Im bullish, consider a pullback
$NVDA Support 271.45 Resistance 284 Consider calls above 278 Consider puts below 269.5 Dark Pool activity up as of recent. P/C RATIO on 1/7/2022 - 0.86 Bullish premium and bullish volume on 1/07/22 with <30 DTE and >50k, OTM only
$AMD - watching for a break over 136.34 or break under 130.77. Trading under its 50 MA, and its 12/26 EMA 12 EMA just crossed under 26 EMA Well above its 200 MA (macro uptrend) 1/7/22: BTO/STO option trades on premiums >100k = bullish. Volume on the 130p and 140c.
NASDAQ:Z Support 58.28 Resistance 65.61 Consider Calls above 66 Consider Puts below 56.63