Decent shooter on the 2D could signal a pull back on NASDAQ:AMZN , would be nice to see a reversal move up further North.
With Monthly OPEX for May behind us, see how it moves from here.
AMZN strong, but not the ultra strong move AAPL had so far on the year. Also giving it more potential before it reaches exhaustion risk like AAPL at current levels.
No...
FWB:BACT - not the strongest close on the 2D, but I'm keeping an eye on this one.
Potential move back up from the bottom of the tri on the 2W (a.k.a. broadening formation).
Keeping in mind BAC is still one of the weaker brothers in the XLF...let's get back to that later, still work in progress (study sector ETF's vs individual names).
Apple one of the leading names so far on the year, still going strong.
Especially after it took out high of last August (see 2W chart), now could face some exhaustion risk.
On track to take out previous year high, let's see how it plays out.
No chasing for me, not according to plan.
* Failed 2u on quarterly; still time to go outside quarter
* Failed 2u on monthly; out of time to go outside, but negative momentum
* Clear rejection of bearish trendline on weekly chart. No real support until it falls to 127 (currently 143.66)
* Daily chart shows bulls mounted one more challenge to the trendline but that failed even harder. “If markets try to...
SPY - Crazy finish to the week and month. Bulls absolutely controlled Friday and pushed us even higher on the weekly to create an engulfing week. We had super strong closes on the daily, weekly, and monthly. I cannot imagine a world where we don't push even higher next week. I would imagine we test the 418 and 420 levels at some point. Was not expecting this at...
Short Watchlist today. Will go into details from this week on sunday nights list for next week.
SPY - Wanted consolidation or light pull back today and got a massive green day instead. Overall was not expecting this, but to be fair with the amount of dropping we did back to back leading up to today, I think it was fair to see this kind of range. Anyone who played...
SPY - Saw more downside as we had predicted last night. Made some solid range to the downside. I am expecting tomorrow to be a repeat of today or an inside day. We are reaching weekly downside exhaustion so I would say there is no reason to not be bearish... yet. But tomorrow could be a day of consolidation/retrace since we have had such big drops the past two...
SPY - Was bullish going into today due to 2-2 daily reversal. Obviously that prediction didnt go well, but we did trigger the 2-2 reversal on the weekly which was one of my goals for us for this week so I am pleased with that. We had an insanely bearish day today as well as a bearish close so I expect some more downside tomorrow at least in premarket or shortly...
SPY - I was neutral going into today. We started off the day by heading lower but not being able to break Friday lows before reversing and breaking Friday highs. This triggers a 2-2 reversal on the daily and now tells us we can potentially target last week highs. Overall going into tomorrow I am bullish and expect to break today's high either in PM or RTH. I would...
SPY - I was neutral going into Friday, but I did mention my bias if I absolutely had to choose one was bearish. We barely broke under Thursday's low before ultimately closing back around the open level. This is pretty much what I was expecting Friday to look like, and now it opens up a great opportunity for the upcoming week. We have our 4th failed 2 on the daily...
While initially looking for a long, this (potential) reversal on the 2-Weekly chart caught my eye.
Now in 05/19 P 80, with 4 weeks (2x 2W) to go, let's see how this plays out. Can it take out 78.52 (?) worth a shot.
For shorter term price action, I'm monitoring the 2D to weed out some daily noise.
Keep an eye on Earnings beginning of May as well.
SPY - As mentioned on my list yesterday, I was cautiously bullish going into today due to the fact that we had a 2-2 reversal on the daily. We were not able to break highs of yesterday (Which I credit to bad ER from before the bell on big names like TSLA) and ended up opening lower on the day but fighting our way back up to fill premarket gaps before dropping back...
SPY - Went into today with a bearish bias. We opened lower than yesterday's low, but did not reach our 411 target. Instead we retraced over 50% of yesterday's range to form a failed 2D. Since we retraced over 50% we now can target Tuesday's high at 415.72. Overall I am bullish going into tomorrow, but only if we break today's high. Remember when trading with...
Not sure which way TSLA is gonna pop at the moment but it is certainly squeezing up with a TTO, choppy choppy. Gonna be looking for #TheStrat to trigger entry on the weekly or for a actionable signal on the day chart
My watchlist got taken down by TradingView moderators yesterday. As a recap, I was bearish on SPY, and main watch was PYPL for the 3-1 setup it had on the daily
SPY - Super bullish uptrend day. I was hoping for bearish continuation, but the markets had other plans. I can really only credit this movement to two things: Neutral CPI data, and markets possibly...
One of the most fascinating things about trading for me is that participants can see different things while looking at the same chart (i.e. data)....
Bull flag or first steps towards bottom of the tri....?Just watch and see....
