AMEX:SPY SP:SPX Daily Analysis, Key Levels & Targets Alright, y’all…We consolidated to the 30min 35EMA (and broke just under it at aclose) after that big NVDA move… nice… now what… what are your thoughts? The bottom of the implied move for tomorrow is right at the top of that NVDA gap… Full walkthough of the levels on tonights video… would love to hear...
NASDAQ:QQQ Daily Analysis, Key Levels & Targets Alright, y’all…We consolidated to the 30min 35EMA after that big NVDA move… nice… now what… what are your thoughts? The full runthrough of the levels on tonights video... happy trading tomorrow, y'all...
After a long consolidation NASDAQ:PRAX appears ready for a move higher to 80. Not financial advice.
SRE has now gapped lower on the 15 minute chart. Please note the red volume spikes on the lower chart pane over the past 4-5 trading days. The explanation is simple, bad weather in SoCal last March is going to affect Q1 results when they get reported in two days. For those willing to think longer term (months or years) I’m sure SRE will continue to be a fine...
open door Calls: $3.00 EXP March 01. 2024 cost is 0.13 Based off technicals we can likely assume 3.25 is the next QP Stay Tuned
90 or so days over the 23 day MA of lows that is almost certainly a significant high with that ratio. Let’s see how far and how fast we come off.
Cycle from 12.4.2023 low ended with wave (1) at 421.33 as the 30 minutes chart below shows. The stock then is pulling back in wave (2) with internal subdivision as a double three. Down from wave (1), wave ((a)) ended at 408.84 and wave ((b)) ended at 416.1. Wave ((c)) lower ended at 403.39 which completed wave W in higher degree. Up from there, wave ((a)) ended at...
AMEX:SPY February 27, 2024 15 Minutes. As expected a small retracement happened and 505 was protected yesterday. For the move 503.02 to 510.13, nearly 61.8% retracement is done. For the fall 509.06 to 505.86 507-508 will be a good place to short. For the rise of 493.56 to 510.13, we have a 61.8% retracement of around 500 levels. For the day I will short...
Part 7: Some Examples of Analysis with Indicators First, let’s look at some of the key indicators that are included in the charts. Regardless of the brick size (10,25, or 50), all charts will have the same configuration. DEMA (12-period and 20-period) : These moving averages are designed to react more quickly to price changes than a traditional simple...
A flag pattern has formed from a sharp rise on PLD stock and using the measured rule as a target it is ready to rise
The stock and broke out of the declining wedge and completed the throwback to rise up strong into a flag pattern with increasing momentum as is expected to continue strong into the rising trend.
McClellan Summation Index is suitable for SPY, and not good for Nasdaq, and the exchange is selected NYSE, and I also change some parameters. I found the original indicator is better than all kinds of adjusted McClellan Summation Index, and I hope you enjoy this indicator, pleasure indicator("McClellan Summation Index", shorttitle="McClellan Summation Index",...
Red Sea Crisis and OPEC+ Cuts Support Oil Prices Prices for North Sea and West African crude grades have increased this month. The Red Sea shipping crisis and OPEC+ output cuts have tightened oil markets. U.S. benchmark oil prices are also supported by higher demand for American crude in Europe due to the Red Sea disruption to flows. Reduce in supply directly...
Part 6: How to Incorporate a Stop/Loss Strategy Incorporating stop-loss strategies into trading using Renko charts and options involves careful consideration of market dynamics, the specific characteristics of options trading, and the unique aspects of Renko charts. Here are some approaches tailored to this trading strategy: 1. Setting Stop Losses Based on...
inverted head and shoulder .good to enter long for a target of 5-5.50
WMT split 3/1 today. Looking back over the years, the WMT stock almost looks like a crypto that never crashed. Its gone up consistently over the years. WMT can be traded technically of course. But one of my friends who is a successful options trader likes WMT for its fundamentals. And I think that shows in this chart over the decades of Walmart's history. Some...
inverted head and shoulder looks good to enter long for a target of 40-45
The alpha dots are turning green. Looks like bullish squeeze up is a potential. Long sideways trading. Ready for a break out.