NASDAQ:NVDA still have time to have an "outside quarter" ... after breaking last quarter's low, it has rallied to retrace 50% of the previous quarter's candle.
This is not an example of #SSS50PercentRule because NASDAQ:NVDA is DOWN on the year, therefore it does not have full time frame continuity.
This would be a 16% rise over the next 5 weeks.
Qcom dropped hard and with market conditions, AMD is looking like a 3-2d on the day. Needs to break 58 (also the bottom of the BF) but again we are right back in the chop zone. We have also triggered the outside week under 59.69, with a target of 56.67. If it can act right with a nice red day tomorrow, it can break that range. 1 hour correction may be needed first.
I love being able to trade this level by level during crazy markets. Almost had a double outside day today. Now a 3-2 on the day and 4 hour. Will we expand this bf, get stuck in this range, or drop? We DID close above the weekly trigger but tomorrow may decide if it can keep the momentum for the weekly upside target. This can be played either way. If it reverses,...
Another one! If we don't reject here at the trigger, I would expect a continuation upward. This week or next week to be safer. Target turns the month green to follow the day and shorter time frame continuities.
This is worth the watch for me either way. CVS is at an interesting place. On the monthly, it did the 3-1-2 rev strat, then it reversed back up and triggered the 50% outside month. Then it rejected again. Ftfc is a bit mixed. Inside day and 3-2 4hr so it could go either way. For perspective on a ftfc thought process, a 2d on the week would push ftfc fully red on...
IF it happens, it would be lovely. This 3-2-2d on the week can push it through the monthly outside trigger. I can foresee it bouncing there at that trigger before it continues down. Definitely need a few weeks on the contract. Even though the week was just barely green, the 2d week puts us back into FTFC.
We bounced off it last week and I am pretty sure we are headed back there. The trigger for the 50% on the month is also around our weekly trigger for a 3-2-2d. 4/29 $74 contracts have 3800 volume .
This is super forward thinking. But if we truly fall and sell off, TSLA is really close to this #sss50percentrule trigger on the month at around 935 (purple line). Target would be 760!! Keep ALL market conditions in mind but should this trigger and hold, this is a great trade. On the daily, Tessy has a ton of stops to possibly go take out. Set up for the 1-2-2...
Watching ORCL for the trigger around 78.85. This gives us the #sss50percent rule trigger for the month. Target 73. Remember as a monthly target, this contract may need some time. Looking on the week, we already started the 3-2.
