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....
Initial Thoughts - Solid week last week, questionably bullish this coming week, lots of finance/bank stocks report ER this week, CPI this week.
SPY - On Wednesday I mentioned on my watchlist that I was cautiously bearish for a few reasons. Turned out my suspicions were valid because we pushed lower early on in the day Thursday before pumping the rest of the day...
Initial Thoughts: Incredible day, markets closed friday, minimal inside day setups
SPY - Mentioned yesterday that we were bearish going into today for a number of reasons. Early on in the session we saw SPY push up slightly only to be rejected by a downward trend line created in premarket. We hit our downside target at the mid 406 level and even pushed lower than...
Initial Notes - Personally did not trade today, Analysis was on point, rest of week should be exciting
SPY - So it looks like scenario 3 that I mentioned on my list last night played out today. We saw both targets to the upside and downside get hit. Premarket we were about 15 cents off of the upside target before opening and pushing higher than yesterdays high....
Initial Notes: Didn't trade on Friday, new month begins, SPY confirmed breakout on weekly, and light economic news coming this week.
SPY - (FRIDAY) Unfortunately, my SPY prediction for Friday was off. I underestimated the short term strength of the markets as evident by Friday's big green trend day. I'm not afraid to admit I was wrong on my analysis, because...
SPY - Going into todays session, I mentioned that I had a bullish bias that I was only 75% confident in due to the downside gap that remains unfilled on the daily, and because we were sitting on a daily upper trendline. SPY gapped up for the second day in a row and closed green, confirming our overall analysis, but created a failed 2U, which leads me to believe...
NASDAQ:NVDA
* after two consecutive down weeks, there was a week of consolidation
* Currently 2d-2d-1 on #TheStrat
* I am still bearish on semiconductors; we are still in a bearish channel and I think the rally to 187 (December) was just a failed broadening formation. Institutions wanted to squeeze bears into selling their positions by running it up.
* Now it’s...
