SOS looks kind of weak and beaten down it probably will retest previous levels of resistance around 4$. Be careful out there the whole market doesn't look solid today.
Hello Community! Before we begin HATE IT OR LOVE IT please support my idea with a thumbs up and a comment. It'll be greatly appreciated! When taking a look at BA we can see it trading in an ascending parallel channel. It has currently reached the top and is looking to aim lower to the next support which is the 55 EMA. If the 55 EMA fails we can expect it test...
I'm expecting price to hold this current resistance on the 4H. If price breaks above current resistance, then I will close these contracts for a loss and salvage what I can from the position. My profit target is around $28. So, why $28? Because price has already checked the $33 - $30 price level noted by the check mark. I think price could move lower to the...
I would take NYSE:BAC weekly puts 34.5 @ 0.17
i wish i took this put spread trade. damn. oh well.
I expect price to break through previous support after being rejected at the current resistance. It's possible that price will move to $7.78 and $7.34 within the next 2 weeks. Therefore, I purchased 12 MAR 21 8 PUTs. I plan to sell these contracts at market value, if they make it to speculated price level.
I think a Wish meme is all I need for a reason to justify the Put I entered. Can't give full analysis since I'm teaching at the moment. Let's see what happens! I Originally marked this up on the Daily so the current support zone is really around $26-$27. I just need a few pennies off of the retracement if the market follows my order! Strike Price: $26.82 What...
600s are most likely inbound by Friday. It has failed to hold support and in a clear bear trend on the hour charts. Once it bounced off the 760 opened a call OTM and made almost $300 and as soon as I saw the reverse i closed out. Opened $780 put at $786.60 exp. 2/26. Will be riding it down to and will pick up a call for the quick up trends to scalp! Have fun...
This is an updated trade plan based on my last published trade setup (SPX500-Bear Setup)-posted yesterday. Just reading price structure and making some adjustments on where I think this correction might end. 3870 is going to be descent support and would complete a measured abc move from the local top. This would give us the correction we need to proceed to...
Price is currently testing a resistance zone. Looking for a retracement of previous low up to 61% of fibonnaci. On the 4 hour I see a W pattern that is finishing up hopefully which would trigger a pullback. Strike Price: $230.34 What do you think? Like, Follow, Agree, Disagree!
Financials haven't been so great. Some consolidation going on. Price is currently at a resistance zone. Looking for a retracement of the previous low before it may continue up....IF IT DOES. Used pivot points (orange triangles) to show pattern and relationship from resistance to support. Let me know what you think Like, Agree, Disagree, Follow! Strike Price: $39.27
I am Shorting MACY's into the earnings via PUTS for mid March. Overall brick and mortar retail has NOT comeback yet and NYC is a ghost town. Macy's is the next JC Penny's, they are not there yet but are due for a pull back. Momentum and Volume have been no where in sight over the last week for this stock and its sitting at a 1 year high.. I am no genius but I...
AMEX:SPY The chart shows a decrease in volume over the past 6 trading days as SPY has surged to ATH's. I think not only is the market due for a correction but SPY/QQQ are demonstrating similar charts. Today I will be looking to enter some 2/19 386 Puts today. I will be looking for a possible bounce in the 388 range and if that fails then I think we see lower. If...
Company Profile: Cisco Systems, Inc. engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches,...
LI breaking out of the wedge moving down Bought puts here Target somewhere near the green line. -10% move Risk to reward 1:3
Opinion only.
QQQ broke the 20 day MA on Friday. Would love to see that level reclaimed for more upside in the market. Here are some levels I see for this week (note, these are intraday levels - not swing levels). Of course, this is just my opinion and I am not liable for your trading decisions. INO calls over 13.1 or 13.7 CRWD calls over 218.25 BYND puts under 177...