Entry: when price clears 67.62 Volume: with daily volume greater than 9.27M Target: 73.5 area Stop: Depending on your risk tolerance; 65.66 gets you 3/1 Risk/Reward. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
NYSE:LVS was in a clear uptrend after the higher high couldn't be confirmed. We have a breakout through the resistance zone at ~60.60. The plan is to wait until the price reverses for a correction back to the resistance zone where we are entering. The stop loss is placed above the zone with a take profit at RR 1:1.
I plan a trade at 97,48 just before the resistance zone at ~97.00. in the past, this zone was often confirmed and the course changed the direction there. We also have the 0,382 Fibonacci just in this zone, increasing the probability of a reverse in this area. The stop loss is placed below the resistance with a little bit of buffer to breathe. The take profit is...
Daytrading spy using 5 minute chart Showing details on how you can daytrade spy and make good profit with discipline
SPXUSD Daily neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * JOBS REPORT WATCH . The Employment Situation is released tomorrow (08/05) at 830am (EST) and markets seem to be rallying as if unemployment is going to stay flat or go up insignificantly. If this scenario plays out, it will be interesting considering labor force participation...
SPX Daily bullish. Recommended ratio: 88% SPX, 12% Cash. * CRITICAL RESISTANCE WATCH . The BEA reported June PCE numbers this morning and both came in higher than last month: Core PCE (sans Food and Energy) came in at 4.8% vs 4.7% last month (also had a 4.7% consensus estimate) and PCE Index came in at 6.8% (20 year high) vs 6.3% in the previous two months....
SPX Daily neutral with a bearish bias. Recommended ratio: 48% SPX, 52% Cash. * SHORT SQUEEZE WATCH . Sentiment has switched to bearish in light of the incoming economic data this week (FFR rate hike announcement, first Q2 GDP estimate, PCE inflation index) as well as a big week of 'recession-fear inducing' earnings: Walmart missed by 12% on earnings and saying...
SPX Daily neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash. * June Housing Starts came in lower than May (1.591M) at 1.559M and under the consensus estimate of 1.58M, implying that the housing market is starting to cool off as new home buyers appear to be increasingly fearful of a "technical" recession this year. June Building Permits came...
OCGN chart pattern and watch to expect monday.
BUY PACW LONG ENTRY 1 $18.80 ENTRY 2 18.00 SL16.00 TP.1 25.50 TP.2 30.86 TP.3 40.50 TP.4 $48.00
Seeing a pattern of head and shoulders forming. If we do not make new lows, then we can start buying. RSI divergence present. Buy on smaller time frame inside trading hours with samll risk. Allows better risk-reward and to get in on the long earlier. Then of course the break of the 200SMA and neckline. Target 800. Stop will be below the recent swing. Aston Martin...