New economic crisis comming? market cycle after 1 or 2 month i think.
... for a 1.00 credit. Comments: Just a little dorky way out-of-the-money short put engagement trade ... . 1.00 credit on buying power effect of 14.99; 6.7% at max as a function of buying power effect; 3.3% at 50% max.
As we discussed on Friday, the S&P 500 price structure was neutral. The bias for the overall price action was the continuation to the downside. Sellers took control and pushed prices lower. The expectation would be for the market to open near were closed and to push prices lower but in a smaller range than Monday.
Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling). These areas indicated suggest support / resistance for the week of April 11 and either rise or fall based on their channel structure ascending or descending. Please check back for any mid-week updates. Wishing you a profitable week ahead! Anthony Speciale
Just cause stocks go down does not mean a crash... im seeing a solid retest to the 2019 trendline... i will actually take some long positions on some solid stocks here soon with confidence. Stocks like SPG Home Depot affirm uber Vaxart Dennys ccl domino's pizza xpo logistics Honeywell all looking juicy juicy for the long haul.
After today's move down we could see a pullback. It was a bit of a stretch to try and draw a clear channel around this recent downtrend, but I approximated it the best I could. We're currently sitting at the bottom edge of that channel. If the channel is holding then we could see a pullback which would offer new opportunities for short entries. These medium term...
SP 500 EW Alternate Count #1 : Contracting Triangle Target : Green Square Personality: It does meet the right Trait of Continued Low Volatility and Volume. (RSI Still confirms of a "Contracting Triangle". Confluence : Pitchfork , Channel Top Parallel of AH correction , Pivots , Developing POC , Fibonacci Feedback : You would want "Guideline" wise for the...
ES is not oversold yet but NQ MFI is completely oversold and RTY MFI is touching oversold. Totally got the gap direction wrong but I predicted last week that oil would go down and transports would rally, so I got that right lol. UPS moved so fast at open I didn't even get a chance to add, lol. Note Small caps are already green.
Relief rally for ES on turnaround Tuesday. Now at weekly pivot and monthly as well.
IHS meme pattern with the yearly vwap being back tested. Full moon in a week. Send it. Now!
good evening peoples, been taking a peak at several of these charts, and things are looking absolutely primed for a massive move up despite the things going on in the world right now. i get that there's a war, rate hikes, inflation, etc; but hear me out. --- everyone and their uncle is trying to short the market right now- there's like 85% puts vs 15%...
Good morning traders, We are in a heavily traded area, with an over/under line at 4425 looming below. I would expect the market to dip down into that area today and try to find buyers. If we slip through, it puts us back into the lower distribution. Everything I said above is big picture. Don't get too zoomed in and feel like the market is whipping around,...
For 4/11 #es_f Jun * Y'day balance 4502 * ON balance 4461 * Weekly balance 4471 * Control 4428-4444* Stop Size * 13pts Longs above 4438 target 4457 then 4468-4501 * Shorts below 4438 target 4412 then 4385-4336*
There is a confluence of forces at play here..... This can go either way. Trading comes down to adapting to the environment you are working in. This is my trigger point,
Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍 Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace. Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions...
ES Daily. First off, most traders are not economists. In fact, most retail traders are (ironically) financially illiterate. For example, can you answer the difference between monetarist theory and Keynesian Economics theory? Do you know the difference between a 10K or a 10Q? The reason why I'm making these statements is because most traders seem to confident in...
The cryptocurrency rally in Bitcoin, Ethereum, and Solana has stalled but Monero is actually continuing. The stock market this week will open at critical support. There may be one more opportunity to get into the Google and Amazon split rallies before they happen. Gold and Silver bullish breakouts have failed. Oil is sitting at a key support level.
Pictured above is not only the drawn chart, but the in depth written interpretation as well. Happy Palm Sunday, wishing you many blessings for the week ahead! Anthony