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Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options....
The market has respected the gap up low from this morning as has continued moving higher today despite the random China news coming out. The price is nearing the first price target. I will take some profit before the market closes just due to the stochastic being overbought but this market does not want to be stopped. May begin seeing a bit of a pullback in the...
Rsi 4 h aiming for a bounce plus the weekly oversold cotsco news today and waiting mcdonalds news by end December once finish the trial
Support at the 73 74 got broken no a good thing big drop falling pattern looks very much like acb
But also like tsla
Overall im loading both sides put and calls
From here a big move is expected puts loaded at 75 longs...
Weekly view of AAPL confirms downtrend is just beginning.
RSI trend is about to be broken. Weekly RSI is overbought at 76+.
Bullish trend is overextended. Weekly Bullish trend has been going since Sept.2nd week.
16 weeks bullish trend was longest recently (after December 2018 selloff). 12 Weeks is overextended.
AAPL is hitting blue resistance line which has...
Will $AAPL fall all by itself? Likely.
Will $AAPL fall relative to the $SPX500? Much more likely.
Apple has reached extended valuation levels at a time when portfolio managers and indexers are not likely to do anything to adjust their positions going into year end.
Why sell now and pay capital gains taxes? Exactly, they wont sell now. They will sell...
Use this as a guide to develop your setup:
Main items we can see on the Daily Chart:
a)The price was not able to broke above the Highet trendline of the White ascending channel.
b)The price Broke the ascending dash-dot light blue channel.
c)Price Found Support on the Higher trendline of the Yellow channel (most significant structure of the chart).
Our options metrics show that a range of 310/315 in the SPY is setup here as the market moves into several events Mid - December. We view the selloff earlier this week led by put buying which moved the market lower. Movement below 310 or above 315 may well be pressed back into the box until we move closer to the 12/15 tariff date. We calculate overall market gamma...
Overnight session market rallied to 1.272 Fib extension of yesterdays RTH session and stalled.
Since price has been falling steadily, we could see a pullback today.
Would like to see a test of ETH Highs.
Level to watch 3111 --- 3109
Reports to be aware of are:
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
over night action started balanced inside yesterday then made a little gaping move higher so a retrace to 3114 and then continuing up is one decent idea. I do see 3117 as a import support between 2 distributions.
If we break above 3125 I can see us heading for the blue box target area.
So today becomes a day the bull get to decide if the day session ATH is going...
Bulls Not to Celebrate, Yet!
While yesterday's daily close of 3112.76 was above our models' reference level of 3110, the price action was not strong enough and the models have rejected it as any indication of the bulls' strength. This leaves our models in an indeterminate mode where neither the bulls nor the bears have any advantage.
Structurally, the bullish...
SPX is forming a Bear Flag on multiple time periods (easier views are 1Hr or less).
I added a Aqua colored channel to the chart, as it appears this last support was not retested.
For this reason with the Bear Flag combination, I see we continue down by Friday if not Monday next week.
While the SPX is forming a Bear Flag, VIXY is forming a Bull Flag.
As of now SPY is still considered bullish. There are two distinct paths from here on through the holidays. If the stock doesn't break the ATH before December 27th, it is highly likely to go sub 300. Breaking the ATH in said timeframe could send the stock flying to 325-340. If the stock closes below the first guide-line, it is likely to cross the second guide-line...
We will probably see either a sharp incline following the current purple curve, or see some bearisch cool down.
The later is becomming more probable as the hyperbollic structure has already been broken on smaller time frames.
S&P500 Futures (4hr) coming up on horizontal resistance from the 11/24 gap up. If it can push through here, look for a move to the prior rising trend line at 3140. Initial support comes in below around 3070-3080 if it fails